I Work As a Sports Trader For a Top 5 Betting Company - AMA

[bitmover]

Why would a professional sports trader who works in a big company would do an AMA for free , anonymously, without saying which company he works, here in bitcointalk?

Highly unlikely

[heroesjourney]

Hello all,

Thank you for your patience & your interest, I will be back online this evening to answer all legitimate questions posted here in bulk

[heroesjourney]

Hello,

I work as a sports trader at head office of a top 5 betting company based in Europe, priority focus on Risk Management.

Ask me anything.

What is the odds that you will get fired if you tell what company you work for?

How much do people have to be in profit before you either limited them or tell them to take there gambling somewhere else?

1 - I won't be disclosing the company I work for.

2 - We don't measure customers by whether they are in profit or loss, if you are winning let's say £100k and hitting your max bet regularly yet I deem you to be a profitable customer in the long run, it is likely i will actually increase your limits (upfactor you)

More than looking at profit margins we look at a variety of things, I would start by profiling you by looking at your gender, male/female? Your deposit method, Card / E-wallet? Your country of origin, countries like UK tend to have more recreational customers than say countries such as Ukraine. I will then analyze your betting history, figure out what % of bets you are doing on sportsbook are beating the exchange prices & what % of your bets are arbs, are you betting on high category fixtures such as Premiership football or obscure fixtures such as ITF tennis? I will also look to see if your bets are aligned with any other limited (restricted) customers. You see we have feeds with all the bets coming in, divided into different categories of customers, we have arbers & shrewd customers who are restricted but we still give them a little room because they give us information, If i see you as a customer coming in on the same selections @ same price as these shrewd customers around same time, it is likely you will catch my attention and I will do a review of your business.

[heroesjourney]

~snip~

Ask me anything.

What are the company names and how do we verify you that you are real?

I repeat the above mentioned questions. Also my additional questions are as follows,

1. What is the safest strategy to win in sports betting? You guys must be following some thumb rules as a practice, what are those?

2. What is the easiest sports to bet on?

3. As a company, you guys must be having a huge bankroll, how do you decide the percentage bifurcation to bet on each sport?

Please answer!

1 - Safest is of course arbitrage betting, with a big enough bankroll this can be very profitable, especially if you have access to multiple accounts when yours gets restricted, the other is court-siding, placing bets live @ an event and beating the in play betting delay

2 - Unless you are a specialist on a sport & can spot if a market is priced incorrectly or price is likely to move, I would not deem any sports profitable for regular punting as all bookmakers incorporate a margin upon the true 100% price

3 - We set liability limits on every market, once these limits are reached we will take a look at the book & see whether we need to do any balancing or not, favour one side or the other. We also make sure we react to customers we have profiled as smart and move prices accordingly, we also monitor other industry leaders very closely to ensure we are not creating arbitrage opportunities, we would also monitor exchanges for these purposes. Different companies are leaders in different sports, Pinnacle would be an industry leader for US sports such as Basketball & Baseball, Marathon would be an industry leader for the likes of European Ice Hockey

[heroesjourney]

Do you actually use a lot of statistics and formulas in your strategy or is bankroll management and the amount you bet more important than being right? I've always thought that bookies use way too many useless statistics perhaps to confuse the average user.

Majority of fixtures traded in play run off a model which runs on an algorithm developed in house by an analytics team. The model takes the starting lines, for example total goals & handicap & then basically runs a simulation whilst taking messages from the scout live at the fixture, the in play trader often required very little input other than to nudge the price should it go out of line with others in the industry. Our pricing some of it would be in house & others we scrape from industry leaders / Exchanges, all prices have a margin, to give an example, if you flip a coin the odds of it being heads or tails are 1/1 / 2.0 even money, if a bookmaker wants to take an 8% margin so the overound goes to 108% they will offer odds on same outcomes of 5/6 / 1.83 meaning if you bet 20 on heads and I bet 20 on tails, does not matter the outcome the bookmaker makes a profit

[heroesjourney]

How many active users do your company have and how much profit do you make on them, and in what way does bonus help customers to deposit more money!

We make Billions a year, a bonus helps in attracting new customers, we would hope that once a customer signs up due to the alluring bonus, they may then stay with us and continue to give us their business afterwards

[heroesjourney]

How often do the sports bets get it wrong and lose money, especially on the big results for upset wins.  I'm thinking of something like a string of wins from an unknown team or a big come back like Tiger Woods recently.   Is that always perfectly hedged off or sometimes a big loss from a result possibly in combination of events that should never normally happen

Believe it or not, when big favourites win it often can & will cost the Bookmaker millions, for example when The Patriots won the Superbowl this year it cost millions in liabilities for many. If there is a very large liability on one side of an outcome, it would not be uncommon for the Bookmaker to hedge on the other side via means of a betting Exchange to balance their book. This would only be if there was not enough liquidity available on the other selection within their Sportsbook. Another means of hedging would be making the odds more favourable on one side than the other in order to entice business to that particular selection

[heroesjourney]

Do you search for medical information about the players? Do you have any inside information about medical situation of injury players and other stuff like that?

Yes we would subscribe to certain outlets that would on occasion give us first notice of particular injuries of certain players prior to the off specifically for likes of Tennis, of course this can all be mostly deciphered on that players particular twitter for example.



As a side note from a risk management perspective, upon profiling certain customers  we would certainly research the person & access information on them that which is accessible via the public web, for example your facebook, your Linkedin, if you have a public criminal record, your education etc. This would be extensive though in cases of high profile bettors. Fraud investigations teams also have the ability to see what you have open within other tabs of your browser, (Research: Browser Fingerprinting) for example, if you create an account under the name of John Doe but you have facebook account open with the name Sam Smith, this will aid in their investigation, these methods are only implied when an account has flagged as fraud and is already under investigation. Of course this will never be made public to you other than they will email to inform you after review they are suspending /closing your account which is their due right as per their T&Cs

[heroesjourney]

Please tell us the name of your 5 betting company where you work as a sports trader. And which one is best to you? Hope you answer all the people who already asked you here. Thanks

I work for one company whom is rated within the top 5 of all betting companies

[heroesjourney]

Do you search for medical information about the players? Do you have any inside information about medical situation of injury players and other stuff like that?

that would be a very helpful information upon betting but i doubt they'd be giving that information even if they have it.  if its true that OP work as a sports trader for a top 5 betting company, would he be giving up tips which to bet?

Hello,

I work as a sports trader at head office of a top 5 betting company based in Europe, priority focus on Risk Management.

Ask me anything.

What is the odds that you will get fired if you tell what company you work for?

How much do people have to be in profit before you either limited them or tell them to take there gambling somewhere else?

if he is just as anonymous as he is, no chance of him getting fired unless he mentions this company he worked for.

See above, as for tips on what to bet no, not at this time.

[heroesjourney]

~snip~

Ask me anything.

What are the company names and how do we verify you that you are real?

I wont be surprised if this one would completely vanished and wont make any answers on here.Another newbie saying  that he's a sports trader of top 5 betting company?
If its real then we do know on whats his primary motive on declaring things up.

See above

[heroesjourney]

Why would a professional sports trader who works in a big company would do an AMA for free , anonymously, without saying which company he works, here in bitcointalk?

Highly unlikely

Because I can, I have been in this industry for many years & I enjoy giving back to those who support it. I am also an avid crypto trader & investor, here is where i got my start 2 years go as well as being my original source for purchasing new betting accounts.

Closing off for the night, will respond to further questions as they come

[samputin]

Why would a professional sports trader who works in a big company would do an AMA for free , anonymously, without saying which company he works, here in bitcointalk?

Highly unlikely

Because I can, I have been in this industry for many years & I enjoy giving back to those who support it. I am also an avid crypto trader & investor, here is where i got my start 2 years go as well as being my original source for purchasing new betting accounts.

Closing off for the night, will respond to further questions as they come

Well, just like the others, I would also like to ask the name of the companies you work for or links maybe just so we can take a close look at it but I have read your response and I think there is no way we could know the company. It's just some of us find it suspicious that you are legit or real without any other informations. We're just being precautious, I guess. But upon reading your last response about giving back, I'd take away my suspicion now. I see your way of giving back is through answering questions from fellow forum members.

Just a friendly suggestion. Maybe you can also make a thread about those questions raised and their corresponding answers in a more profound and more explained manner so that information can be laid well. It's just a suggestion though. It still depends on you.

[Botnake]

So how to manage the risk in gambling?

How much bankroll that is needed to win and how to manage it?

Actually, people are just here to win, and we would appreciate if you can give us some tips on how to win.
Risk management is important to minimize the loses to my knowledge, but winning is the hardest part.

[Jjewelle29]

You should share more info here about ypur company.

Your company have a link website?
because I want to read more information about your company.

[swogerino]

I think that no one can really manage risk in gambling as it is a luck based game and even in sport betting.If you are working in a top five rated company it should be bet365,bwin,or betfair maybe ?

I would like to know how the betting company decides to get the odds for all the events their offer players to bet on as this has always have been a mystery to me.

[el kaka22]

How many people do actually gamble in a single day globally. I know that is something no one in the world probably knows but knowing the fact that gambling is not allowed in many places on earth and only allowed in small states and cities and nations of the world the fact that there are so many people gambling every single day thanks to online gambling it is definitely a weird feeling.

Like I am pretty sure there is at least 50 million people gambling all around the world every single day. That is of course when gambling is illegal 90%+ of the world. Think how much people would bet regularly if it was allowed everywhere in the world. If you know the answer of "how many people gamble every day in the world" that would be superb to learn.