An abridged version of this article was published, with permission, by SportsHandle. The US Sports Betting industry is continuing its rapid inflection toward sustained compound annual growth. Twenty-six months after the overturning of PASPA, there are vast insights to be gleaned by assessing the state of the ecosystem, trends within…

Introduction Sports bettors frequently stand in awe at what appears to be bookmakers’ uncanny ability to predict margins of victory by way of point spreads. However, those who originate betting lines don’t actually seek accomplish exactly this goal. …

This post is dedicated to the ‘No Bad Beats’ poker club, whose unfathomable inefficiency was the primary motivating force behind putting this post together. Whether you play a lot of poker with your friends, frequently attend group trips where the bill is split afterward, or participate in a parimutuel sports…

Even amidst The Great Lockdown, Daily Fantasy Sports (DFS) contests abound. Gaming companies have, historically, been some of the most adept operators when it comes to extracting the maximum possible revenue out of assets. However, offering the profit-maximizing mix of DFS contest lobbies is not always a straightforward exercise. …

Many sports bettors are familiar only with the fixed-odds style of wagering, which has seemingly always been ubiquitous in the United States, whether in regulated markets like Nevada or elsewhere. In places outside of the US, there are also markets at various stages of maturity insofar as exchange wagering is…

Odds are the lynch pin of any gambling operation and also used frequently in statistics. In both cases, they amount or can be reduced to numerical expressions that reflect the likelihood or relative likelihoods of an event or set of events taking place. …

Introduction Aside from “Artificial Intelligence”, the most commonly overused and least understood term heard in keynote presentations and fundraising pitches alike has to be “blockchain”. Perhaps there is good reason for this. It’s a compelling technology with widespread applications, one of which is the deployment of cryptocurrencies such as Bitcoin, of…

Placing a wager on a sporting event and making an investment are roughly isomorphic events in that, aside from any entertainment value, the only rational goal is to maximize one’s risk-adjusted return. As such, it is not unreasonable, and in fact seems quite prudent to think of the set of…

Whether placing wagers onshore or offshore, most US sports bettors have only interacted with what is known as a fixed-odds sportsbook, where the payout on a given proposition is set by the operator and fixed at the time the wager is made. Contrary to semi-popular belief, however, this is not…