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https://www.barrons.com/articles/sports-betting-the-next-alternative-asset-1530125138 Sports Betting: The Next Alternative Asset? Gaming stocks popped on the Supreme Court decision in May that ended a federal ban on commercial sports betting . If sports wagering becomes widespread, it could allow professional investors to join the sharpies who have haunted gambling dens since the first knucklebone toss. A few financial economists have compared sports bets to mainstream financial wagers and studied how a prudently constructed sports book could become an alternative asset class. One recent study was co-written by Pedro Vergel Eleuterio, 42, who runs the London quant research firm Global Capital Research and teaches at the University of London. We called him for the inside line. Barron’s: You and your co-author Lovjit Thukral examined a strategy of betting against the four favorite horses in 57,000 historical horse races. Over six years, the strategy would have theoretically outperformed the S&P 500 Total Return index and the Credit Suisse Hedge Fund http://jackpots1ft.basinperlite.com Index. Are you a longtime handicapper?

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