About this episode

The episode explores how sportsbooks operate as brokers in sports betting and the factors influencing market integrity.

Send us Fan Mail We break down how sportsbooks function as brokers that match contracts, set prices through the point spread, and earn their living through the vig. Kevin Braig joins us to explain how law, technology, and property rights shape whether sports betting markets stay clean or slide toward corruption and bad incentives. • five reasons people gamble, from dopamine to positive skewness • what a sports bet is as a contract and why a book exists as a broker • how the 11-to-10 price ...

People in this episode

Host: Michael Munger

Guest: Kevin Braig

Topics covered

• sports betting
• contracts
• market dynamics
• corruption
• incentives

Keywords

• sportsbooks
• contracts
• point spread
• vig
• gambling

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