Sports Betting: Steve Moehrle, Accountant and Professor
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Sports Betting: Steve Moehrle, Accountant and Professor
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"Prediction Markets" are becoming a normal sight on our college campuses, in our advertisements, and on the phones of our friends and family. This conversation felt especially relevant to us in light of the ongoing Brendan Sorsby story, the Texas Tech Quarterback who was recently granted a temporary injunction to play, despite being declared ineligible by the NCAA on the grounds of placing over $90,000 worth of bets on sports.
Accounting professor Steve Moerhle joins Dan on this episode to talk about his interest in sports betting: how it's grown in recent years, and how the market value of these companies is an indication that they are betting on people to lose a lot of money through gambling. Steve and Dan cover the ethics of gambling, the traps the industry uses, and what it looks like to use your money wisely.