It essentially involves investing on predictions, by making what you might call side bets on market or interest - rate trends, currency spreads, industry bubbles and so on. (tsinetwork.ca)
When the market for making side bets gets bigger than the main business of financing corporate credit, something weird is going on. (alephblog.com)
Again, the one - sided betting action is creating some line value. (sportsinsights.com)