Do bookmakers buy information from sports leagues?

[Lida93]

I personally dont feel this to be a matter that can really be debated because when saying bookies cheat just because gamblers lose their gambling doesn't it also shows that most of us are still quite naive in interpreting things.
Indeed we will always want to win so when there are things that are less profitable then we will attack anything even say that the bookies have cheated but when we win things like that are left alone.

...

I just know that for some gamblers they really don't know how to take in losses, especially huge losses in a long streaks of bets, bets they believe to have themselves made the deepest analysis and therefore shouldn't be having it all going wrong.  When the expected happens and their high expectations with their bets get ruined, they feel that there's no better way to explain why it all went that way bad if the bookies weren't doing some shady things with the results.

[Powerjumboo]

Didn't your friend observed that sometimes, these bookmakers are also wrong in their predictions. Bookmakers will always be ahead of a single bettor because they are more than one person who comes together to analyse the game and give odds after coming to a proper conclusion amongst themselves. Can you see where two heads are better than one. Every information about a match to be played is public. Maybe, you friend don't know this.

You are right because sometimes it is seen that many bookmakers make mistakes in their predictions. If the real question here is that if they are making mistakes, then how do they collect information from the leagues? I don't think they can collect information from the leagues. Maybe many people think that they make mistakes so that people don't doubt them, but in fact, that is not the case because if the leagues and bookmakers come under suspicion among people, they will suffer a lot and they will never do such things if they harm them.

[Vaskiy]

Didn't your friend observed that sometimes, these bookmakers are also wrong in their predictions. Bookmakers will always be ahead of a single bettor because they are more than one person who comes together to analyse the game and give odds after coming to a proper conclusion amongst themselves. Can you see where two heads are better than one. Every information about a match to be played is public. Maybe, you friend don't know this.

Bookmakers have vast data and these days through AI and other available sources it is quite easy to take the outcome as we've got the data of all the matches played between two teams. As said the bookmakers will be having more factors considered while setting the odds. It isn't the same as the one done by any of the individual. For the same it doesn't mean that everything set shouldn't be right, there'll be errors.

[Hispo]

I don't think leagues actually sell privileged information to bookies, because the legal implications and problems would be astronomical and many people in power of very important organizations would lose their influence and get indicted.
Also, that information would not be as useful as so many people think.
We are not talking about direct match fixing, in which the win and profit would be guaranteed for those criminals who partake in it, we are talking about information which, while can influence on the outcome of the game, it does does not fully guarantee a win.

[Julien_Olynpic]

We know about so-called scouts—these are hired employees of bookmakers who attend many important matches and collect information for their employers that cannot be gathered through statistics. In this sense, bookmakers do collect information. But can it be called insider information? That's an open question. At the same time, I saw an interview with a bookmaker owner who openly admitted that they have agents at many football clubs who provide them with information for a fee.

[Darker45]

I'm not saying this is exactly the reason why one of the bettors you're talking about is losing, but, yeah, sportsbooks are indeed buying information from sports leagues. But it's not like they're paying for it piece by piece. Sportsbooks are in official partnerships with sports leagues. They have legal contracts. And they're paying sports leagues for their data and information, among others. Whether directly or through other data partners of sports leagues, sportsbooks are indeed getting real-time data feeds from them.

But all this doesn't have anything to do with the bettors' success or failure in their picks.