BLOG
CAPPERTEK << Back to Sports Betting News / Blogs
Sports Betting Is Starting to Look a Lot More Like Wall Street
Posted: Wednesday, March 22, 2017 by CapperTek

Your March Madness office pool is like the Charles Schwab of sports betting. Beyond those hastily chosen brackets, there’s an entire cottage industry of sports betting that’s increasingly resembling Wall Street.

In 2016, total sports wagers in Nevada were $4.5 billion, according to the Nevada Gaming Control Board. With that much at stake, gamblers are turning to more sophisticated tools that involve complex data analysis to achieve better odds, real-time wagering during games, fund managers who pool bets and risk management practices. The result is something akin to day trading. Here’s how:


1. Robot oracle

Gamblers can find a plethora of sources online guiding them to the best sports picks. IntelligentBettingTips.com is one service that provides suggestions based on a prediction model similar to “collective intelligence” used by the big banks. Collective intelligence aims to gather opinions from a group of people, hoping it will lead to a consensus that’s better than a single person’s guess.

IBT provides predictions, picks and tips for college, professional and international leagues by combining input from industry experts for each sport combined with sentiment data extracted from social media. “We then take these data sources and use our own algorithms to run various scenarios to find profitable trends and patterns,” said Kael Mansfield, chief executive officer at IBT. Currently, the site has more than 11,000 paying members, Mansfield said.


2. High-frequency betting

When you think of sports betting, you probably envision people making calls before the start of a particular game or tournament. But bets made during live games are on the rise: In 2016, 20 percent of all bets at William Hill Plc’s Nevada locations were made “in-play,” marking a 33 percent increase from the previous year, according to Michael Grodsky, the company’s vice president of marketing.

That’s in turn driving the demand for real-time data. The information can be disseminated faster than a television broadcast, which comes in with a multi-second transmission delay. “Ultra-fast and accurate data provide sophisticated gamblers with a material advantage over someone operating on a five to 10-second delay via a television feed,” said Ryan Rodenberg, an associate professor of forensic sports law analytics at Florida State University. “The edge is most notable in live, in-game wagering where odds and prices can fluctuate wildly upon the occurrence of a particularly important event like a late-game three pointer in basketball or key third-down conversion in American football.”

The practice is called “courtsiding,” and the advantage real-time data give to bettors can be compared with a trader acting on news of an acquisition seconds before his or her competitors. Courtsiding can give a gambler an edge on even the bookmaker.


3. Fund managers

Some professional bettors have started to take on the role of fund manager, pooling together money from backers looking for better returns. Legalized in 2015, entity betting allows a person or group of people to set up a fund in Nevada offering sports betting as an investment opportunity.

Contrarian Investments LLC is one example. Owner Chris Connelly said he has both domestic and foreign investors. Similar to the common Wall Street method of looking for arbitrage in overvalued or undervalued stocks, Connelly said he uses a computer model to look for overvalued gambling spreads and bets against them. “Instead of investing in the stock market and taking a certain stock, I’m investing on sports spreads of athletic teams,” Connelly said. “So I focus on football and basketball, college and pro.”

Contrarian Investments LLC fund is under $500,000, but Connelly said he anticipates breaking the $1 million mark by next football season. He’ll have plenty of competition as the practice becomes more popular.


4. Watchdogs

A growing and increasingly complicated market can foster cheating. Many bookies are relying on technology and consultants to try to ensure a fair market.

While not quite the Securities and Exchange Commission, there are businesses that monitor for fraud in gambling. Genius Sports Group Ltd. works with sports leagues and gambling operators around the world, tracking suspicious activity in the international betting markets. Genius Sports looks at reams of data for deviations from normal industry movements by monitoring hundreds of sportsbooks and tracking social media, said Christopher Dougan, a company spokesman.

“We offer the same system as a high-tech algorithm and reporting systems for sports around the world, including English Premier League, to track any unusual activity in the international betting markets that might indicate something unusual happening,” he said.

Home   :   Directory   :   Leaderboard   :   Access Picks   :   My Account   :   About Us Copyright © 2013 - 2017 CapperTek, All Rights Reserved.
Affiliate Program   :   Technology   :   Marketing   :   News / Blogs   :   Handicapper Blogs   :   FAQ Betting Trends   :   Game Simulator   :   Game Capsensus
Free Widgets / Betting Tools   :   YSLD   :   XML Site Map   :   HTML Site Map   :   100% SSL Secure Website Contact Us   :   Terms of Service   :   Privacy Policy
CapperTek Blogs / Links CapperTek Facebook CapperTek Twitter CapperTek Google+ CapperTek Blog CapperTek Tumblr CapperTek YouTube CapperTek Google Search Results CapperTek Bing Search Results CapperTek Yahoo! Search Results CapperTek Ask Search Results CapperTek Alexa Rank CapperTek is 100% SSL Secure!
CapperTek - Sports Handicapping Service Directory - Buy, Sell, and Track Documented and Transparent Sports Picks
Football
Basketball
Baseball
Hockey
Soccer
Mixed Martial Arts
NFL Picks NBA Picks MLB Picks NHL Picks Soccer Picks MMA Picks
NFL Odds NBA Odds MLB Odds NHL Odds Soccer Odds MMA Odds
NFL Lines NBA Lines MLB Lines NHL Lines Soccer Lines MMA Lines
NFL Spreads NBA Spreads MLB Spreads NHL Spreads Soccer Spreads MMA Spreads
NFL Betting Advice NBA Betting Advice MLB Betting Advice NHL Betting Advice Soccer Betting Lines MMA Betting Lines
NFL Betting Trends NBA Betting Trends MLB Betting Trends NHL Betting Trends Soccer Betting Advice MMA Betting Advice
NFL Betting Consensus NBA Betting Consensus MLB Betting Consensus NHL Betting Consensus Soccer Betting Trends MMA Betting Trends
NFL Las Vegas Odds NBA Las Vegas Odds MLB Las Vegas Odds NHL Las Vegas Odds Soccer Las Vegas Odds MMA Las Vegas Odds
NFL Game Simulator NBA Game Simulator MLB Game Simulator NHL Game Simulator Soccer Las Vegas Lines MMA Las Vegas Lines
NFL Scores NBA Scores MLB Scores NHL Scores Soccer Handicappers MMA Fight Analysis
College Football Picks College Basketball Picks Baseball Betting Picks Hockey Betting Picks Soccer Tipsters MMA Fight Tips
College Football Odds College Basketball Odds Baseball Odds Hockey Odds Soccer Results MMA Predictions
College Football Lines College Basketball Lines Baseball Lines Hockey Lines Soccer Tips UFC Fight Picks
College Football Spreads College Basketball Spreads Baseball Spreads Hockey Spreads Soccer Predictions UFC Fight Odds
College Football Betting Lines College Basketball Betting Lines Baseball Betting Lines Hockey Betting Lines Soccer Stats UFC Predictions
College Football Betting Advice College Basketball Betting Advice Baseball Betting Advice Hockey Betting Advice Soccer Analysis UFC Matchups
College Football Betting Trends College Basketball Betting Trends Baseball Betting Trends Hockey Betting Trends Soccer Matchups UFC Betting Tips
College Football Betting Consensus College Basketball Betting Consensus Baseball Betting Consensus Hockey Betting Consensus Soccer Fixtures UFC Betting Advice
College Football Game Simulator College Basketball Game Simulator Baseball Game Simulator Hockey Game Simulator Soccer Betting Picks UFC Fight Analysis
College Football Scores College Basketball Scores Baseball Scores Hockey Scores Soccer Scores UFC Betting Trends
PLEASE NOTE: CapperTek is not a gambling or sports betting website and does not accept or place wagers of any type. CapperTek does not endorse or encourage illegal gambling or sports betting of any type. Also note sports betting inherently involves financial risk. CapperTek assumes no responsibly for the loss of capital incurred due to the use of information contained on this website. Past results do not guarantee or imply future performance. Please bet on sports legally within your jurisdiction and responsibly within your financial means.
UNITED STATES CITIZENS PLEASE NOTE: The content and information contained on this website or any of the sports handicapping service websites listed on this website are strictly for news and entertainment purposes only. Any use of this content or information in violation of federal, state, or local laws is strictly prohibited. Activities offered by advertising links to other sites may be deemed an illegal activity in certain jurisdictions. Viewers are specifically warned that they should inquire into the legality of participating in any games and/or activities offered by such other websites. The owner of this website assumes no responsibility for the actions by and makes no representation or endorsement of any of these games and/or activities offered by the advertiser. As a condition of viewing this website viewers agree to hold the owner of this website harmless from any claims arising from the viewer's participation in any of the games and/or activities offered by the advertiser.

Every sports handicapping service website listed on this website is an individually owned and operated private entity. CapperTek does not have any direct affiliation with any of the sports handicapping service websites listed on this website. CapperTek is also not responsible for the content or accessibility of any of the sports handicapping service websites listed on this website. Links to other service websites do not imply any promotion or endorsement of any of the content or information found on those websites. If you choose to follow links to other websites you do so entirely at your own risk. Any third party photographs, images, videos, audio, logos, slogans, trademarks, service marks, domain names, and intellectual property represented on this website are property of their respective owners.