Sports Betting Likely to Resemble Wall Street Financial Markets

Submitted by Associated Press on

Written by :

Associated Press

Published on :

Sports Betting Likely to Resemble Wall Street Financial Markets

Thomas Halikias (founder, Drives Football) believes in-game micro sports betting will transform the way sports fans wager on games.

ppp-banner-gn-520x340.gif

But the former UBS managing director (he ran their structured equity desk) says one aspect of the pending shift largely being overlooked is the synergies between micro and traditional betting that could enable sportsbooks to execute in-game hedges, increase the size of their trading books and improve their return on capital.

As he explained, the current iterations of micro betting products often focus on rather binary events (think: run/pass on next play) or multiple selection markets (think: result of an at-bat will be a single, double, triple, home run or out) that lack a holistic relationship to game scoring and the traditional lines.  Read More Here

Related Content

PPH World Cup Game Prop Bets - Japan vs. Sweden - Affordable Sportsbook Software

PPH World Cup Game Prop Bets - Japan vs. Sweden - Affordable Sportsbook Software

Using affordable bookmaking software is one way bookmakers and agents can benefit from this year's FIFA World Cup, but it's also about the many features and options available that keeps gamblers coming back for more.
Is Kalshi Gambling or Trading? Prediction Markets Enter Sports Betting's Gray Area

Is Kalshi Gambling or Trading? Prediction Markets Enter Sports Betting's Gray Area

Prediction markets are no longer sitting on the fringes of sports betting. They are becoming one of the industry's biggest talking points.
BetDSI Merges With Bookmaker.ag

BetDSI Merges With Bookmaker.ag

Long established BetDSI.com has merged with Bookmaker.ag, it was announced on Tuesday. 

Gemini Predicted

Gemini Predicted: Bitcoin Retreats, US Men's Soccer Edges Higher, Oil Prices Dropping

The latest edition of Gemini Predicted is here and takes a look at the Bitcoin, FIFA World Cup and Brent oil trading contracts.