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The Business of Sports Gambling

The global sports betting market is valued over $200 billion, with various odds calculation methodologies and house edge concepts ensuring bookmaker profitability. The document discusses statistical modeling for outcome prediction, regulatory frameworks, and the rise of mobile betting, alongside behavioral economics and market efficiency theories. It also highlights the relationship between fantasy sports and traditional betting, corporate partnerships, problem gambling initiatives, and the impact of cryptocurrency in the industry.

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singomillionaire
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51 views1 page

The Business of Sports Gambling

The global sports betting market is valued over $200 billion, with various odds calculation methodologies and house edge concepts ensuring bookmaker profitability. The document discusses statistical modeling for outcome prediction, regulatory frameworks, and the rise of mobile betting, alongside behavioral economics and market efficiency theories. It also highlights the relationship between fantasy sports and traditional betting, corporate partnerships, problem gambling initiatives, and the impact of cryptocurrency in the industry.

Uploaded by

singomillionaire
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The Business of Sports Gambling

(Finance/Statistics)
 Market size and growth trends: global sports betting market exceeding $200 billion
 Odds calculation methodologies: fractional, decimal, and American formats
 House edge concepts and how bookmakers ensure profitability
 Statistical modeling in sports outcome prediction: regression analysis and machine
learning applications
 Regulatory frameworks across different jurisdictions and their economic impacts
 The rise of mobile betting platforms and in-game wagering technology
 Behavioral economics in gambling: prospect theory and loss aversion impacts
 Market efficiency theories in sports betting markets
 Fantasy sports as gateway activities to traditional sports betting
 Corporate partnerships between gambling entities and sports leagues/teams
 Problem gambling: prevalence rates and responsible gambling initiatives
 The financialization of sports data and analytics companies
 Cryptocurrency and blockchain applications in the betting industry
 Tax revenue generation and economic development considerations

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