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March 4, 2007

Investing Lessons from Betting on the NCAA Tournament

I know diddly about basketball, but from an investing point of view I enjoyed a piece in the excellent new Play Magazine on lessons from betting on the NCAA tournament. Here are four key points:

• Ignore "seeding" trends: Once they have been announced, they have no relevance
  
• Stop watching games:"The best handicappers are people who don't watch games at all"
• Listen to Vegas: Sports book odds beat every other system
• Be selectively contrarian: Play it straight mostly, but perhaps pick an unconventional champion

[via NY Times/Play]

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