America is not just the home of the free – it’s also the home of the free market. Could there be any greater symbol of the free market than the New York Stock Exchange? Now focus on the key word there: Exchange. Because without exchanges, there could be no such thing as a free market [...]

Here’s a question for you. Why do bookies drive Cadillacs? Why do British bookies like Ladbrokes and William Hill have market capitalizations in billions of dollars? The answer is pretty simple. It’s because the odds are stacked in their favor. And why is that? Easy. Because they decide the odds. Hard to believe, but most [...]

Why are there thousands of bookmakers in the United States and stacks of offshore Sportsbooks all fighting to offer their services to the guy who likes a wager? Answer: because being a bookmaker is, more or less, a license to print money. But now it’s time for the small guy to fight back. Now, thanks [...]