EPISODE · Jan 20, 2022 · 2 MIN
Episode 95: Bet on yourself
from PsycHacks · host Orion Taraban
The baseball great Pete Rose has been permanently banned from the sport for betting on the outcome of his team's games while he was a manager. However, his defense is -- and has always been -- that he only bet on his team to win. Therefore, his incentives as an individual gambler and team manager were aligned. Controversy aside, I love the idea of betting on yourself. Not only does it exhibit the confidence that -- all things being equal -- you believe that you can win, but it also increases focus and motivation by getting "skin in the game."
What this episode covers
The baseball great Pete Rose has been permanently banned from the sport for betting on the outcome of his team’s games while he was a manager. However, his defense is -- and has always been -- that he only bet on his team to win. Therefore, his incentives as an individual gambler and team manager were aligned. Controversy aside, I love the idea of betting on yourself. Not only does it exhibit the confidence that -- all things being equal -- you believe that you can win, but it also increases focus and motivation by getting ”skin in the game.”
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Episode 95: Bet on yourself
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