About Professional Betting Syndicates.
https://igamingbusiness.com/finance/win ... -wagering/
Betting Syndicates
Quite a poor article I think, apart from learning about Tom Dry.
If you have a successful strategy there is little need to raise money for it. You hit the limit of available funds really quickly. So I'm always dead sceptical on people who try to raise money. But if you formed a small syndicate with a few close members that's fine. But you don't really need publicity for that.
I've interacted with Starlizard a lot and the basic model there is if you have an edge they will amplify it for you. So not sure why Tom would separate himself from that?Tom Dry has been professionally betting on tennis since January 2020. He has prior experience working for Tony Bloom (Starlizard), both as a football analyst and as a data scientist. Through his experience working for Bloom, Dry developed both the analytical and operational skills required to build a professional betting business.
If you have a successful strategy there is little need to raise money for it. You hit the limit of available funds really quickly. So I'm always dead sceptical on people who try to raise money. But if you formed a small syndicate with a few close members that's fine. But you don't really need publicity for that.
I think syndicates make sense if the contributors have a profitable model to bring to the table. Each would bring a model that contributes to the whole . this could help in creating a consistent
ROI , e.g when one model is performing poorly the other one could be showing positive results and vise versa .
BUT both must show a positive result at the end their individual trading cycle .
ROI , e.g when one model is performing poorly the other one could be showing positive results and vise versa .
BUT both must show a positive result at the end their individual trading cycle .
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ShaunWhite
- Posts: 10498
- Joined: Sat Sep 03, 2016 3:42 am
Syndicates (betting businesses) are about sharing workload rather than sharing strategy. Data analysis, strategy development, coding, implementation, results analysis etc are more work than one person can do. It's why sysdicate jobs tend to be salaried with a profit share. I know I/we could earn a lot more with a handful of salaried staff but people don't need the agro so usually don't do it, an easy life trumps having more money once you've got enough.
Through Bet Angel, I've interacted with a lot of syndicates. They have all carved out a niche and structure that suits them. But very few have a public profile.
Most sort of happen by accident, a few people trying to pool ideas and away they go from there.
Once established it's hard to add people. I've been approached many times about joining people but it's difficult to establish if there would be any value from my viewpoint. You give up 20 years of work, for what?
If somebody said, here is £10m in cash for all your work, that's a different proposition.
About once a week I get approached from people who want me to teach them everything and offer to trade for me for a 25% cut. Again, I think you can see the flaw there.
My personal view is if you have carved out a niche, just work hard at improving and maintaining it.
Most sort of happen by accident, a few people trying to pool ideas and away they go from there.
Once established it's hard to add people. I've been approached many times about joining people but it's difficult to establish if there would be any value from my viewpoint. You give up 20 years of work, for what?
If somebody said, here is £10m in cash for all your work, that's a different proposition.
About once a week I get approached from people who want me to teach them everything and offer to trade for me for a 25% cut. Again, I think you can see the flaw there.
My personal view is if you have carved out a niche, just work hard at improving and maintaining it.
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ShaunWhite
- Posts: 10498
- Joined: Sat Sep 03, 2016 3:42 am
Peter i think you have a database that can be structured and sold on a subscription basis. you have a way of making complex subjects simple enough for the common man on the street to grasp. I dont see why many databases are structured in a relatively 'complex ' way and the providers don,t bother to make enough instructional Videos on the same.
The 'NEW' kid on the block is TPD which is unexplored by the masses. and may be that's the next big syndicate. YOU are in a position to provide a database for that on a syndicate basis(subscription)
The 'NEW' kid on the block is TPD which is unexplored by the masses. and may be that's the next big syndicate. YOU are in a position to provide a database for that on a syndicate basis(subscription)
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wearthefoxhat
- Posts: 3561
- Joined: Sun Feb 18, 2018 9:55 am
The £10m would have to include you not trading in the same market(s), so it has to be essentially retirement money for you and your family.Euler wrote: ↑Tue Dec 13, 2022 1:15 pmThrough Bet Angel, I've interacted with a lot of syndicates. They have all carved out a niche and structure that suits them. But very few have a public profile.
Most sort of happen by accident, a few people trying to pool ideas and away they go from there.
Once established it's hard to add people. I've been approached many times about joining people but it's difficult to establish if there would be any value from my viewpoint. You give up 20 years of work, for what?
If somebody said, here is £10m in cash for all your work, that's a different proposition.
About once a week I get approached from people who want me to teach them everything and offer to trade for me for a 25% cut. Again, I think you can see the flaw there.
My personal view is if you have carved out a niche, just work hard at improving and maintaining it.
Your Masterclass "back in the day" still yields a good return and was probably under priced at the time.
Syndicates have to be a mix of like minded people. If you get one or two with big egos, it would become a hot mess in double quick time.
Shaun's point about members sharing the load (sounds a bit like Samwise Gamgee carrying the ring for Frodo) is a relevant one. You can't have any shirkers in the team.
The raising money bit, especially when you see/hear about so many scams, (especially crypto) can be a red flag. If the ex-star lizard guy has an algo that has been tested and proven, then it wouldn't take long to compound from small/medium stakes and keep all the money for yourself.
A betting syndicate where you have Patrick Veitch groups placing money around the country/europe makes more sense. Again, you need to have trustworthy people in the mix or you'd get scammed most of the time. I think this happened to a few pro-gamblers in the early days.
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trad1ngbull
- Posts: 36
- Joined: Thu Dec 06, 2018 5:55 pm
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wearthefoxhat
- Posts: 3561
- Joined: Sun Feb 18, 2018 9:55 am
https://www.totalperformancedata.com/
Some stuff in one of the threads (ongoing)
viewtopic.php?f=74&t=25007