Waterhouse VC: Find a wagering edge
Tom Waterhouse of Waterhouse VC explores how Bernard Marantelli is raising the bar for the wagering market through finding an edge.
In wagering, edge comes from studying what others ignore. Even “robust” systems have cracks. Slot machines with fixed returns to players (RTPs) and roulette wheels have been beaten by those who questioned the machinery and hunted for inefficiencies.
Profit in wagering is common; scale is the true differentiator. This month we spotlight Bernard Marantelli – one of the few who can industrialise edge. In 2023 he orchestrated a coup on the Texas lottery for US$57.8M – arguably the largest single advantage play on record.
Someone who moved from solely hunting inefficiencies to building infrastructure that others depend on. Across White Swan Data, Colossus Bets, Colossus Fantasy, and most recently iBankroll, his career has been a systematic search for scalable edge.
Edge comes from studying what others ignore.
Author's summary: Bernard Marantelli raises the bar in wagering.
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