Ball Street Oasis
I found an article on Bloomberg about how sports betting is "starting to look a lot more like Wall Street."
The article talks about how sports betting is being transformed by risk analysis, high-frequency bets and data analysis tools similar to those seen on Wall Street. Some bettors/books are even involved with entity sports betting (pooling money from backers as an investment opportunity).
I like the thought of this transformation, but I’m not sure if this is feasible (other than in Nevada) due to laws/regulations. Then again, what do I know? I bet $20, lose, wait a month to bet, then lose again.
Do you guys think this type of sports betting has the potential to be the next big thing? Anyone involved with this new breed of betting? Any other thoughts?
The article touched on it, but I think the real growth will be in live betting. It's a super slippery slope for the casual fan, but highly advanced bettors with the technology will dominate the market based on having more (read: better) information and the ability analyze the data in seconds.
I'm curious as to what technologies these advanced bettors use. I tried to get in contact with one bettor who manages an entity betting fund to ask some questions, but I never got a response. I'll keep trying different funds.
I also wonder how FanDuel, DraftKings, Bovada, etc. will combat this new type of betting if it does increase in popularity.
Bump! This just became a lot more relevant today, would be curious to hear how people interpret potential new lax legislation and the effect it may have on industry outlooks.
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