Capital Allocators – Inside the Institutional Investment Industry Michael Schwimer - Sports Betting at JAMBOS (First Meeting, EP.08)
Sep 16, 2019
Michael Schwimer, CEO of Big League Advance (BLA) and JAMBOS, dives into the world of sports betting driven by analytics. He discusses the innovative strategies behind BLA's growth and introduces JAMBOS, emphasizing transparency and accountability in betting. The conversation explores the impact of sports analytics on predicting game outcomes and the evolving landscape of sports entertainment. Additionally, he shares insights into the growing use of data in sports decision-making and its influence on future broadcasting trends.
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BLA Growth and Cultural Differences
- Big League Advance has grown significantly, now with 180 players signed and a $130 million fund.
- They've seen more success with American players due to increased publicity, contrasting with earlier faster adoption by Latin American players.
Model Outperformance
- Big League Advance's model has outperformed its backtest, with 38 of 77 players from the first fund reaching the major leagues.
- They expect over 50 to reach the majors, exceeding the typical 10% success rate for minor leaguers.
Opponent Adjustments
- Opponent adjustments are crucial when analyzing minor league players.
- Specific matchups between players matter more than general performance numbers.