Episode 95: Bet on yourself

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."