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RE: Betting with Bookie - Courtsiding
This is all appropriate, reminds one of the Sting (the movie) don't it? Isn't that the one where they sold the suckers on a 0.6 second time advantage on Asian stock prices or something? Or maybe that was from a more modern grift movie?
Our bookie typically allows bets at pauses in the game, and this seems pretty common.
Tennis is cracking down, bc Tennis was caught red-handed paying off players to shave points or lose matches outright. There's a great article on this, and the proof is all there beyond a shadow of a doubt. it was hushed-up by the league tho, they didn't want the bad promotion for their sport, shame on them.
Those Airpods are a sure warning sign these days, eh?
What does Bookie plan on doing tho, not real clear on that.
Hi @tenhanger, not sure what movie had the stock exchange time advantage, but The Sting did involve a horse race!
What you describe sounds about right, as it provides just enough time to assess and assign new in-play odds. With online betting, a similar delay is also common, to avoid the effects of courtsiding.
Could you link to that article on Tennis? Sounds like an interesting read.
AirPods (or similar) could surely be a warning sign especially if culrprits are previously known and already under suspicion. You have to be careful though, as the individual could be listening to the broadcast on headphones - although this practice is much more common in a sport like baseball.
Markets on Bookie will be unmanaged. In other words, no freezing of markets for significant in-game events (scores, ejections, etc) or for intervals (half-time, between periods/quarters, etc). So when the game turns live, betting stays open until the game ends.
Really not sure this is the article we read, but there's certainly been a lot written about this topic, and frankly since everyone in sports doesn't know it like they know the Louisville scandal, Pro Tennis did a pretty good job in hushing it all up...
https://www.buzzfeed.com/heidiblake/heres-the-evidence-of-worldwide-match-fixing-prosecutors-say?utm_term=.eb8N310r1a#.pyd0Y89k86
Didn't read/reread this article, but if this one doesn't quote the texts directly, which were obtained by the authorities, find an article that has the quoted texts (from players to riggers etc...). The evidence is indisputable to anyone who can see past a 1st-graders level of lying.
And obviously there's "motive" to cover it all up, by the league, the players, etc...
What we should all take from this, is that sports IS in fact rigged, but only infrenquently does anyone get caught. Did Michael Jordan REALLY quit for 2 years bc he wanted to play baseball? Or did some secret-squirrel shit happen in back rooms, where the "league" was trying to prevent a Pete Rose-fiasco for their most marketable product, but still needed to deliver SOME kind of punishment for Jordan's "gambling addiction" (which may or may not have involved affecting his own games as a player) via a secret 2-year suspension. We're just supposing here, "only the Shadow knows" if this actually happened or is an old wives tale. But Tennis and the Black Sox, those are real, confirmed, and right there for anyone betting on sports to understand.
btw, there is nothing for the "bookie" to do in these fixings, but our point is a GOOD and FAIR bookie would take every precaution to eliminate gaming of it's system by those who don't know anything about the topic on which they are betting. Wall Street does a TERRIBLE job at this, as HFTs are allowed to basically steal information from those doing real research, simply by positioning their servers closer to the stock market's servers and then running ahead of the bids/asks they see coming from REAL market participants. This has a VERY bad effect on the world, as it steals money from those doing good, and rewards bad behavior simply based on proximity. But alas, those who rely on cheaty-methods typically resort to payoffs to the exchanges in question, and if the exchange righteously refuses, a competitor will say yes and get bigger. So perhaps like trying to prevent prostitution, there's no way to really "win" or beat it. Just minimize it.
We can't speak for the other industries you mention here, but Bookie is built to provide Provably Fair Betting - real-time transparency of all transactions, along with open source cod, and resilient, decentralized governance structures that will change the way the betting industry works... we hope!
Thanks for sharing the article. Interesting theory about MJ, though not sure it's one I share. There are clearly proven examples of match-fixing throughout the history of sports, and tennis has a particularly bad recent reputation. I think we've seen that some sports - like Roger Goodell's NFL - try to dictate the conversation, but I would stop short of saying that they are systematically rigged. Appreciate your thoughts, though.