A Well-Known Quant Firm Is Looking for Traders Who Want to Bet on Sports

Susquehanna will wager on football, basketball from Dublin

https://www.bloomberg.com//news/art...-quant-trading-firm-s-way-to-beat-market-odds

 

This guy has invested £250m in Brighton Football club. The profits from doing moneyball analysis of every football match played in the world. He employs 40 people to watch the games and then bets £1m per match.

http://uk.businessinsider.com/inside-story-star-lizard-tony-bloom-2016-2

 

better is to create the betting exchange and collect tolls.

 

It's a pretty competitive mkt for a liquidity provider... On the other hand, it's also quite inefficient if you're a participant, at least for now.

 

I can't imagine they'll have a problem getting applicants for that gig.

 

It makes sense. Lots of participants who aren't informed and aren't driven strictly by profit.

One of my friends who graduated from HBS had a colleague who started a NASCAR fund. They found statistical edges largely caused by drunk fans.

 

I think any space where there's likely to be a large amount of betting based on emotion is bigly good. But then again, all of this is pretty well-known and covered Moneyball stuff, innit?

 

In Europe if you get up early on Sunday morning you can play poker against drunk americans.

 

In Las Vegas, if you stay up late, you can do the same.

 

The concept of sabremetrics is known but I bet not practiced by many (in terms of "buyside" dollars) in the gambling community.