Quantex
@Quantex0x • 1,513 subscribers
quant models, probability & machine intelligence
Videos
Watch the most feared bettor in Vegas put $2 million at risk every Sunday - through people who use fake names so no bookmaker can trace a bet back to him. An hour before kickoff, Billy Walters sits at a wall of phones and screens, running his book like a quant fund. He never places a bet himself. His partners sit inside the sports books under code names, jbird and Wolfman, and fire his orders the second he calls. His analysts are mathematicians who have worked for him 30 years and never met each other. They model weather, injuries, line moves - everything. Only Walters sees the full board. He isn't picking teams on a hunch. He's pricing games better than the bookmakers and betting when the math says the line is wrong. Any book that realizes he's behind a bet stops taking it. So he stays invisible. 30 years. Never a losing year. A gambler who runs on numbers, not luck.
Quantex5,403,077 Aufrufe • vor 14 Tagen
This man got rich on Wall Street by admitting he couldn't predict anything. Everyone else was forecasting the future. He bet they were all fooling themselves. Nassim Taleb started trading in the 80s and noticed something nobody wanted to hear: people are hopeless at randomness. They hit a lucky streak and call it skill. They spot a shape in the noise and bet everything on it. So he flipped it. He stopped guessing and started buying the cheap bets everyone threw away - the ones that pay nothing for years, then pay a fortune the day the rare disaster hits. When the market broke, he was holding them. Picture two men leaving the same office, both rich. One is a dentist. The other just survived a round of Russian roulette. From the street you can't tell them apart. Only one gets to come back tomorrow. Telling those two apart is the whole point of Fooled by Randomness. He explains it himself in the clip.
Quantex65,812 Aufrufe • vor 18 Tagen
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