Do bookmakers buy information from sports leagues?

[Sandra_hakeem]

Do bookmakers buy information from sports leagues?

As far as I know, bookies buy information data for the main reason, the goal is that the mechanism works, of course what they buy is not an internal secret, rather, such as high Odds accuracy, Match Integrity, live betting speed and so on, all of these have their own goals for the advantage of the bookies themselves, which in essence they buy information data.

For the most part, individual partnership dealerships with a better terms is more valuable to the sportsbook than just any third-party partnership.

What we'd never know is if they get more than just the latency for live feed and data tracking analytics. I'm not expecting them to put such a sensitive information out there, but it seems that most plebs over here want to hear a different story; that they might also be exchanging insider knowledge via the same process.

I intepreted it as bookmakers are planning with the league to play against a lot of bettors.

Only a handful of users really understands what this is about.

[fredericktaylor]

If bookmakers pay sports leagues to get inside information so that they can learn important inside information about a team and sell that information to gamblers and the gamblers can bet based on the bookmakers' information, then if bookmakers are really paying sports leagues to get inside information then why aren't the bookmakers' predictions always correct, is a matter of thought. Normally if bookmakers were paying sports leagues for inside information then the bookmakers' information about a match would always be correct but their guesses are not always correct. People can do all sorts of things with greedy money but I'm not sure that bookmakers pay sports leagues to get inside information.

[xenomorfo]

The reason why I brought up this, is because of an argument between some bettors today. According to the claim of one of them, betting has not been very favorable to him for some weeks and he is blaming it on the sportbook and football Leagues, he said that bookies always pay some sports league to get early information about different team and that some media also pays the league to get earl y information that they sell to some bettors and that there are some information that a team could sell to the bookies and media but will not make it public and the bookies are using it as an edge to make better prediction than an average bettors.

What cross my mind in that argument is that, most bettors do not bother to do proper analysis before bettors on a game, there are a lot of players who are just very desperate to make money and they don't bother to research for informations before betting on a team. I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

this could also be, but it seems to me to be too much of a conspiracy theory
It's true that there are some particular matches, I think, where there is corruption, after all they have caught many players betting even against themselves (it wouldn't surprise me)
but this seems like just an excuse to me

[Findingnemo]

The reason why I brought up this, is because of an argument between some bettors today. According to the claim of one of them, betting has not been very favorable to him for some weeks and he is blaming it on the sportbook and football Leagues, he said that bookies always pay some sports league to get early information about different team and that some media also pays the league to get earl y information that they sell to some bettors and that there are some information that a team could sell to the bookies and media but will not make it public and the bookies are using it as an edge to make better prediction than an average bettors.

What cross my mind in that argument is that, most bettors do not bother to do proper analysis before bettors on a game, there are a lot of players who are just very desperate to make money and they don't bother to research for informations before betting on a team. I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

All I can see is the rant from the individual who can't accept his loss and wants to put the blame on someone else. Anyone with the common sense can find it stupidity to have such logic, why a sports leage worth millions and sportsbooks dealing with millions just want to target someone who is wagering $10 or $100, it doesn't make sense to go through the hassle to make a few bucks.

[r_victory]

I don’t know what kind of information a bookmaker could possibly buy from a league. It makes no sense at all. I’m aware that matches can be fixed, but that’s not the case here; your friends are losing and just want someone to blame. They’d be better off accepting their losses instead of coming up with all these nonsensical theories...

[o48o]

The reason why I brought up this, is because of an argument between some bettors today. According to the claim of one of them, betting has not been very favorable to him for some weeks and he is blaming it on the sportbook and football Leagues, he said that bookies always pay some sports league to get early information about different team and that some media also pays the league to get earl y information that they sell to some bettors and that there are some information that a team could sell to the bookies and media but will not make it public and the bookies are using it as an edge to make better prediction than an average bettors.

What cross my mind in that argument is that, most bettors do not bother to do proper analysis before bettors on a game, there are a lot of players who are just very desperate to make money and they don't bother to research for informations before betting on a team. I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

Without insider information, i don't think there's a way to clarify that. But ask yourself if company's profits are directly tied to the ability to make odds that are most favorable to them. Then why they wouldn't ensure that in every way possible? It's not like that paying for that info would take money from them, when it's literally ensuring the money flow.

So, yes. They will probably buy that information from everywhere they can. And these days probably form complex algorithms with AI agents gathering and sorting all that info

[Coyster]

Only a handful of users really understands what this is about.

That's because the OP isn't making much sense. Why should the bookies pay for inside information, which would go against fair and transparent gambling rules, when the information would eventually be made public.

The bookies are always on hand to adjust odds based on new information and they do this very quickly, they do not need to engage in foul play to achieve this. A lot of people come up with crazy conspiracy theories when they are on a losing streak, i have heard worse that what the OP wrote, and you don't want to hear it, lol.

[Hatchy]

What cross my mind in that argument is that, most bettors do not bother to do proper analysis before bettors on a game, there are a lot of players who are just very desperate to make money and they don't bother to research for informations before betting on a team. I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

It might be possible, but at what cost? I've honestly never heard of anything like this before. Even if someone manages to buy inside information, the outcome of a game is still determined by what happens on the field. I don't know how your friend came up with this idea, but I find it quite unrealistic. I know match-fixing exists, but what's the point of buying inside information about entire leagues? Like someone else might have said, your friend could just be looking for someone to blame for his shortcomings, so he came up with this idea to make himself feel better. I wouldn't completely rule out the possibility of inside information, but I don't think it's something you can easily buy or rely on..

[Swordsoffreedom]

More or less like that, if I'm not mistaken, bookies do do that, they often buy official data and information from sports leagues

Yes, it is true that bookmaker purchase official data from league and enter into partnerships with licensed data provider.
But purchasing that data does not mean that they are secretly obtaining team selection or insider news from league.

If I'm not mistaken, bookies often buy this information from third parties, as is commonly known by gamblers, namely Sportradar andGenius Sports.

Yes, Genius Sports is the official live data distributor for Premier League and other UK football competition. You may know, stake often use- Sportradar, Oddin.gg, Kambi as odds provider and live data distributor. Their data feeds reach bookmakers very quickly.

So in every sportsbook you will see such commercial data partnership. But this is not any case of trading based on inside information.

[Dareo]

-snip-
do you think bookies buy information from leagues?

I think your friend said this out of frustration due to his own losses in a row. Because bookies don't need to spend money in order to acquire insider information about a particular team or league. They know much more and have more opportunities for analysis than regular bettors. But still, it is impossible to say definitely whether they acquire insider information about each particular league. Their main source of income is the so called vig, which means margin. And they have their own AI model and data analysts who calculate their odds. They analyze statistics much better than regular bettors, who just bet out of emotions and because of their blind faith in their favorite teams.

[Orpichukwu]

Some bettors who can’t accept honest losses will always come up with anything that will make them feel good or feel like the bookmakers are treating them unfairly. They don’t want to accept the fact that they are wrong in their prediction, as most of them just use the odds providers as their means of making their decision which it can be very deceiving at times because the bookmakers don’t even know it all.

[Eldestyoung]

I think you have a point, I’ve always been skeptical about how things work with bookmakers, sometimes you see odds of 1.10, which look almost certain to win but somehow that becomes the only selection that ruins your bet. It makes me wonder sometimes, I also don’t think everything bookmakers use is available to ordinary bettors.
They may have access to team information, professional data and resources that the average bettor doesn’t have, I’m not saying they all buy secret information from leagues but I don’t believe bookmakers and ordinary bettors are always playing on equal terms.

[Iranus]

I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

Yes, we bettor and casino may see same public news. But both of we do not use that info in same way. Bookmaker have statistical model, dedicated trading team, historical database, real time data processing capability and many more. Moreover, they don't just predict who will win match like we bettor. They also manage betting volume, bettor behaviour and their own financial exposure.

Another point is that some people must have inside info. But this does not mean that bookmaker themselfe are always purchasing that info. Instead they also gain insight into new information from betting pattern of sharp bettors and sudden movement in odd.

[Rashlyowl]

What cross my mind in that argument is that, most bettors do not bother to do proper analysis before bettors on a game, there are a lot of players who are just very desperate to make money and they don't bother to research for informations before betting on a team. I argued that the bookies get the same information that bettors get because all necessary information are published in different news site. But I believe some of us here are more experienced in sports, do you think bookies buy information from leagues?

I don’t believe that there is any such thing as bookies buying information from leagues. However, it is also wrong to say that bookies have the same information as ordinary bettors. It is the bookies who open the market, they are the ones who determine how the initial market is set, based on the information they have. They didn’t buy that information, it’s more like they had insiders within the leagues to find out what was going on behind the scenes. Bookies will always be one step ahead of us all, that's what I believe.

[hedgeh0g]

Some bettors who can’t accept honest losses will always come up with anything that will make them feel good or feel like the bookmakers are treating them unfairly. They don’t want to accept the fact that they are wrong in their prediction, as most of them just use the odds providers as their means of making their decision which it can be very deceiving at times because the bookmakers don’t even know it all.

Of course, bookmakers don’t know everything, but they are confident that, in the long run, they will outperform the vast majority of bettors. This is because they possess tools that allow for highly precise analysis an advantage that enables them to beat almost everyone. While a bettor might win several times in a row purely due to luck, the house will inevitably come out on top over the course of thousands of wagers. This doesn’t mean you should stop betting, but it is important to understand this reality. That said, many bettors prefer to live in the moment which is perfectly fine, it’s a way to unwind and enjoy the thrill of the game, especially when you happen to win.

[Sandra_hakeem]

Only a handful of users really understands what this is about.

That's because the OP isn't making much sense. Why should the bookies pay for inside information, which would go against fair and transparent gambling rules, when the information would eventually be made public.

The funny thing is the supposed insider knowledge trading has, and will always remain a private deal. Even the mainstream media don't have any validity to probe cases like that--- even if they did, super intelligence can't say beyond what it's been fed with.

The bookies are always on hand to adjust odds based on new information and they do this very quickly, they do not need to engage in foul play to achieve this.

On this part, I'm really stunned by how effective they have been over the years with just this informations. Do they manually controlled those odd regulators or a bot handles that part with human supervision at close range? Idk.

A lot of people come up with crazy conspiracy theories when they are on a losing streak, i have heard worse that what the OP wrote, and you don't want to hear it, lol.

I like to read crazy stories honestly. I don't mind.

[free-bit.co.in]

do you think bookies buy information from leagues?

In reality, bookmaker do not need to know million of dollars worth of secret info at all. Their core business runs on maintaining margins and calling the right prices at right time. As bettors, we run after secret information, but in truth, market operates much more organized and precisely than we imagine. Bookmakers do not need any magical ability to predict future, as long as they know how to measure uncertainty a little better than average gamblers, their business will thrive.

[o48o]

Only a handful of users really understands what this is about.

That's because the OP isn't making much sense. Why should the bookies pay for inside information, which would go against fair and transparent gambling rules, when the information would eventually be made public.

The bookies are always on hand to adjust odds based on new information and they do this very quickly, they do not need to engage in foul play to achieve this. A lot of people come up with crazy conspiracy theories when they are on a losing streak, i have heard worse that what the OP wrote, and you don't want to hear it, lol.

I am not sure what information they would be buying, but i am sure that they would make sure that they wouldn't break any insider-information laws by acquiring that. But they definitely want to be on top of their game when they compile their odds models. It's not like they would be buying info on fixed games, but complete reviews of the team could be possible, something that's technically not secret but harder to get.

I am sure that some people will invent anything to blame others for their losses, but i don't think this has anything to do with those losses, if we assume it's a real thing. It's plausible though.

[Rabata]

I am not aware of any information that bookies buy information from sports league, but it is not difficult to understand that confidential matters are not open to everyone. We know about match fixing, but there is no way to know in which matches it happens. If bookies buy information, there is no proof of this either. Maybe they buy information, but that is only a suspicion. The review of an ordinary gambler and the review of bookies will not be the same. Bookies can make good guesses, but I think they cannot always give certainty. Even if they get information from small leagues, they do not have information from all leagues or sports. And if they know it, they will never reveal it.

[Itz-prisigold]

It is very hard to believe that bookmakers have to purchase information from sports leagues to get more advantage on their side. They have already got a lot of data and statistics at their fingertips to help them learn about teams and make their odds.  And one thing we should understand is that having more information does not guarantee having a perfect prediction. I believe the greater distinction is in the way bookmakers process information compared to the average bettor who makes bets with emotion rather than proper research.