Bet The Process Offseason - Live from Sloan
Mar 23, 2020
Ted Knutson, a sports analytics expert and former Pinnacle operator, joins Jeffrey Yass, an options trader and founder at Susquehanna. They dive into the evolving landscape of sports betting, discussing the role of exchanges in creating fairer markets and how live betting dynamics differ across events. Ted shares insights on the impact of recreational bettors and market efficiencies, while Jeffrey highlights the importance of combining sports knowledge with data in trading decisions. They also touch on the potential for regulatory changes to enhance market liquidity.
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International Tournaments Are Model-Weak
- The World Cup and other internationals are unusually inefficient because models lack interlinked team data and sample size.
- Ted Knutson says skilled modelers can profit heavily from those mispricings.
Start With Familiar Markets
- Offer simple, familiar markets like spreads and moneylines to onboard recreational bettors.
- Jeff Ma urges operators to focus on low prices and repeatable wins to keep customers engaged.
Offloading Big Bets To Manage Risk
- Jeff Ma described a book managing a large request by splitting and offloading risk to other bettors.
- He used the example of offering better odds to allocate position while still making money.
