History
Trace the rich history of sports betting from ancient civilizations to the modern regulated industry we know today.
Showing 25-48 of 140 topics
NBA v. Motorola (1997) and the Property Rights of Facts
Explore the history and significance of NBA v. Motorola (1997) and the Property Rights of Facts in the context of sports betting.
The Rise of Same Game Parlays (SGPs)
The **Same Game Parlay (SGP)** revolutionized the sports betting industry by solving the **Correlation Problem**—the mathematical difficulty of pricing dependent events within a single match. **Key Evolutionary Stages:** * **Manual Era:** Originated as **#RequestABet** (Sky Bet), where traders m...
The Psychology of the 'Near Miss'
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The Role of Data Scouts
The **Data Scout** is the foundational infrastructure of the global **In-Play betting** industry, serving as the low-latency bridge between live sporting events and algorithmic bookmakers. Historically evolving from adversarial **"courtsiders"** (bettors exploiting TV delays), scouts were institutio...
Tier 1 vs. Tier 2 Betting Data Architecture
The distinction between **Tier 1** and **Tier 2** betting data architectures defines the speed, cost, and reliability of the global sports betting market. * **Tier 1 (Official):** Sourced directly from league infrastructure (optical tracking, umpire tablets) via exclusive rights deals (e.g., Geni...
Automated Market Makers (AMMs) in Sports Betting
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Layer 2 Scaling Solutions for High-Frequency Betting
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Optical Tracking vs. GPS in Betting
The transition from **Event Data** (discrete logs) to **Tracking Data** (continuous coordinates) represents the modern era of sports betting infrastructure. This shift is defined by the competition between **Optical Tracking** (Computer Vision) and **Wearable Technology** (GPS/LPS). **Key Findings:...
Skeletal Tracking and Pose Estimation in Betting
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The Economics of Official Data Rights
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The Rise of Daily Fantasy Sports (DFS)
The **Rise of Daily Fantasy Sports (DFS)** illustrates how a legislative loophole in the **UIGEA (2006)** created a multi-billion dollar industry that served as the precursor to regulated US sports betting. By classifying fantasy sports as **"Games of Skill"** (specifically utilizing the **Salary Ca...
The Psychology of the 'Near Miss' in Digital Betting
The **'Near Miss' effect** is a psychological phenomenon where a loss that looks close to a win activates the brain's reward pathways (ventral striatum) similarly to an actual victory. Historically observed in mechanical slot machines, this concept has been adapted into digital sports betting primar...
The Rise of 'Pick'em' Fantasy vs. Regulated Sportsbooks
The rise of **Pick\'em Fantasy** represents a major flashpoint in US gambling history, blurring the lines between **Daily Fantasy Sports (DFS)** and regulated sports betting. Operators like **PrizePicks** and **Underdog Fantasy** utilized the **UIGEA (2006)** skill-game exemption to offer parlay-sty...
The Rise of Offshore Sportsbooks (1995–2010)
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The Rise of Mobile Sportsbooks (DraftKings/FanDuel Duopoly)
The **DraftKings and FanDuel Duopoly** represents the consolidation of the U.S. sports betting market, where these two operators control approximately **70–80%** of market share. Their dominance is rooted in their origins as **Daily Fantasy Sports (DFS)** companies, which allowed them to build massi...
State Regulatory Models: Tax Rates and Market Access
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The Convergence of Sports Media and Betting
The relationship between sports media and betting has evolved from a strict **"Church and State" separation**—characterized by coded language and regulatory avoidance—to a fully integrated **symbiotic ecosystem** following the 2018 repeal of PASPA. Media companies, seeking new revenue streams to off...
Regulatory Divergence: US vs. European Models
The sports betting industry operates under two divergent regulatory frameworks. The **European Model**, historically anchored by the UK Gambling Act of 2005 and offshore hubs like Malta, prioritized open licensing and cross-border liquidity. This fostered low-margin innovation like **Betting Exchang...
The Economics of Official League Data
**The Economics of Official League Data** explores how sports leagues monetized their scoring feeds, transforming them into a critical, high-cost intellectual property for the betting industry. **Key Economic Drivers:** * **The Pivot to Commercial Mandates:** After failing to secure statutory "In...
The Failure of the Exchange Model in the US
The sports betting exchange model (peer-to-peer betting), while successful in Europe, has failed to scale in the United States due to three primary factors. First, the **Federal Wire Act of 1961** mandates state-by-state ring-fencing, preventing the **interstate liquidity pooling** necessary for a f...
Syndicate Operations and the 'Sharp' Ecosystem
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The Psychology of the Modern Bettor
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The Economics of Same Game Parlays (SGP)
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The Economics of Official Data Rights
Explore the history and significance of The Economics of Official Data Rights in the context of sports betting.