alt Hacker NewsThis reminds me of the old scheme where if you just bet against ND football you'd make money because ND fans were so rabid that the "ND is good" positions became overpriced.
This reminds me of the old scheme where if you just bet against ND football you'd make money because ND fans were so rabid that the "ND is good" positions became overpriced.
Yes, in the study they pinpointed this beautifully: “A fan betting on their team to win the championship is not calculating expected value; they are purchasing hope.”