Hell's Kitchen Soros
Hudson's sudden declaration surprised Nate.
Watching his Black buddy gaze admiringly at Little Harry, who was immersed in his mathematical model, Nate said helplessly, "Dude, what's gotten into you?
What are these kids trying to do?"
Hudson glanced at Nick. He hesitated, then said, "I might be witnessing the birth of a Soros of the gambling industry.
The legality of this company is debatable, but there's nothing wrong with how they plan to run it."
Curious, Nate stepped over and stood behind Little Harry, watching for a long while. The man, known for his worldly experience, felt dizzy and asked, "What is this?"
Little Harry turned to look at Nate, who was utterly befuddled, and grinned. "It's a mathematical model for changes in betting odds.
With it, we can control the odds bookmakers set, within limits.
I got the idea from a book I read yesterday, then looked into the formulas bookmakers' actuaries use..."
As an MVP among con artists, Nate more or less understood what Little Harry and the others were thinking. But he still couldn't imagine how they could fleece bookmakers through gambling when they couldn't control the outcome.
Seeing his boss's clueless expression, Hudson pursed his lips and glanced at the smug Nick. Then he said enviously, "In theory, bookmakers' odds can be controlled.
Bookmakers play a zero-sum game. The odds are what balance the bets on both sides.
Take sports betting, for instance. For most games in Las Vegas, there's a per-person betting limit.
And we all know that higher odds mean higher returns.
If you can manipulate the odds, you can bet when they're at their highest. If things go your way, you force the bookmaker to cover the imbalance between the bets on both sides.
Even if things don't go your