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#1
Here is the gambling world we know and love:
We look at lines and we can find games where we have an advantage.
We specialize in obscure conferences in the CFB and CBB and are able to hammer games no one focuses one.
That is what makes us money: Finding edges in lines and match-ups. Whether we do it through angles or algorithms is not the point. It's that we do it.
Most of us here are WINNING gamblers in terms of being over the breakeven point with the vig (about 53% of your bets are winners).
The problem is we don't flat bet and lose our profits in chunks. It's a disease we have. But that is not the issue of this thread.
The issue is this:
Once sports betting is legalized, guess who gets in on it?....BIG BUSINESS.
And Big Business, when it sees a LEGAL avenue to making money, just like the stock market (hedge funds are an example), it will exploit it.
And worse it has the assets to MAXIMIZE that exploitation, that is, it can invest tens of millions and perhaps hundreds of millions in algorithms, AI and billions of simulations to determine an outcome with relation to the spread. It won't be perfect, but it will be damn good. The biggest and best minds in the world will be hired to develop these programs. These won't be good cappers, but they will be good at predicting a market outcome, be it stock (currently happening so why wouldn't it happen with sports betting) or sports bet.
This will not be sophisticated at first, but over time, as their models are refined and enhanced, they will start to win, and perhaps win big with very large wagers on games they are confident in.
If you think this is a fairy tale and not the future you are wrong:
Businesses will enter the market and start to take over, and worse even pool MORE assets from the masses (just like a stockbroker does for a certain stock that he invests in on your behalf) to invest in a side for you and them.
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