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Bet The Process

Teaching a College Course on Sports Betting with Ron Yurko | Sponsored by Novig

Bet The Process

Bet The Process

Sports

3.8638 Ratings

🗓️ 5 June 2026

⏱️ 59 minutes

🧾️ Download transcript

Summary

This week on Bet the Process, Ron Yurko joins to discuss his role at the Department of Statistics & Data Science at Carnegie Mellon. He teaches a course on sports betting where students place bets on a fake sportsbook, using statistical models and probability theory.

Transcript

Click on a timestamp to play from that location

0:00.0

On this week's episode of the Bet the Process podcast, Rufus and I have Ron Yerko on, who is a CMU professor who teaches a class in sports betting that uses statistics to do that.

0:13.0

We also have a really cool NoVig market that we come up with. Spoiler, you have to listen to figure out what it is.

0:20.8

And as always, we're

0:21.6

sponsored by NoVig. If you want to get some extra money, you go to NoVig.com and enter the promo

0:28.0

code BTP and you'll get some extra money. But they are the best sports prediction market out

0:32.6

there. So with that, let's start the process. bet bet the process bet bet the process

0:41.1

bet bet bet bet bet the process

0:45.8

welcome to the podcast

0:47.1

bet the process it's not the typical

0:49.6

cookie cutter nonsense

0:50.8

if you came just for picks you're in the wrong place

0:53.2

find a town with the narrative to make a strong case.

0:56.2

Instead of blindly assuming a team must be tanking.

0:58.8

We're looking for the edge of messy P-body rankings, crunching all the numbers in a

1:02.6

simulator system that break down the data analytically driven.

1:06.4

Media coverage is important.

1:07.3

Welcome to another episode of the Bet the Process podcast.

1:10.2

This is a, we don't really do this where we record an interview and then many, many days later, we do the intro.

1:17.7

But because of travel, I was, I was actually, Rufus and I were in the same city and didn't see each other.

1:22.8

I was in New York for a brief time.

1:24.8

And I did a speech at Mohegan Sun, which was pretty funny to do a speech.

1:29.8

Was it about Blackjack? I mean, it was basically, like, I told this story from, there's actually

...

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