Betfair agrees horse racing deal

By Dan Morillo: At the Belmont Stakes horse race coming up June 9, I’ll Have Another will attempt to become the 12th horse to win the Triple Crown. Now, I’m not a huge fan of horse racing, but the economist in me is always intrigued by what sporting events can teach us about investor behavior. In particular, I’m interested not in which horse wins the race but in how those who follow the races place their bets. Let me explain why - and how it applies to minimum volatility portfolios.