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?
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