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Betting Markets

All articles tagged with #betting markets

sports1 month ago•4 min saved

Books Root for Spurs to End Knicks’ Finals Run to Contain Liability

Even as the Knicks led the Finals 2-0, bookmakers say the massive money on a Knicks title has turned that outcome into a liability. BetMGM traders say they’d rather see the Spurs rally to win the championship to balance risk, despite San Antonio being the underdog; big bets on the Knicks (e.g., $20,000 at 22-1 and $200,000 at +155) illustrate the exposure. Two home wins and a long winning streak have Knicks fans optimistic, but sportsbooks’ priority is risk management, with a comeback by the Spurs providing the potential hedge even if historically rare.

via New York Post|

#betting-markets #nba-finals #new-york-knicks

business4 months ago•18 min saved

Oscars Odds Soar as Kalshi and Polymarket Turn Awards Into a $100M Bet

Oscars prediction markets have exploded in volume, with Kalshi around $48.4M and Polymarket adding tens of millions, pushing total Oscar-contract trading past $100M ahead of the ceremony. Bets have swung between Timothée Chalamet and Michael B. Jordan after SAG, while regulators note that voting secrecy remains. Kalshi restricts Academy members from trading and touts surveillance to curb malfeasance, as DraftKings also offers Oscar bets but with far less activity.

via Variety|

#betting-markets #business #kalshi

politics1 year ago•2 min saved

Election Betting Markets Show Volatile Predictions for Trump

Betting markets are favoring former President Donald Trump to win a second term, with platforms like Polymarket and Kalshi giving him over 60% odds, despite polls showing a close race with Vice President Kamala Harris. The aggregated odds for a Trump victory stand at 58.5%, contrasting with poll-based models that suggest a nearly even split between the candidates. The discrepancy between betting odds and polls has sparked debate, with some arguing that betting markets may better predict outcomes due to financial incentives.

via Forbes|

#betting-markets #election #harris

sports-nfl-draft2 years ago•10 min saved

"2024 NFL Mock Draft: Commanders Select Jayden Daniels, 6 Cornerbacks Taken in Round 1"

The market-implied 2024 NFL mock draft suggests that Jayden Daniels is the current favorite to be selected No. 2 overall by the Washington Commanders, while T.J. Tampa rounds out a loaded first-round cornerback group. The mock draft is inspired by betting markets, which shed light on potential draft outcomes. The article provides insights into the projected picks for the top 32 selections, including potential trades and team needs, based on the current betting lines and odds for various players and positions.

via Pro Football Focus|

#betting-markets #mock-draft #nfl-draft

sports3 years ago•1 min saved

Kyrie Irving's Return Boosts Dallas Mavericks' NBA Championship Odds

The Dallas Mavericks have re-signed guard Kyrie Irving to a three-year, $126 million deal, pairing him with Luka Doncic and giving the team a second All-Star to build around. Despite their struggles together last season, the Mavericks are optimistic about the Irving-Doncic duo. The move has impacted the Mavericks' NBA championship odds, with the team now at +2300 to win the Finals at FanDuel Sportsbook. However, bettors may want to wait and see how the duo performs before fully committing to Dallas in the futures market.

via The Smoking Cuban|

#betting-markets #dallas-mavericks #kyrie-irving

sports3 years ago•4 min saved

Will Levis' NFL Draft Hype Fizzles as He Slides Out of First Round.

University of Kentucky quarterback Will Levis was hyped up as a possible No. 1 or No. 2 pick in the 2023 NFL Draft, with betting markets and mock drafts adjusting accordingly. However, he was not selected in the first round and will have to wait until Round 2 or later. Levis became a victim of the NFL Draft hype machine, with anonymous reports and fringe media characters adding to the absurdity. The lesson: it's probably best to not believe anything at all when it comes to the NFL Draft.

via Yahoo Sports|

#betting-markets #hype-machine #mock-drafts

sports3 years ago•4 min saved

Will Levis' NFL Draft Disappointment Continues.

University of Kentucky quarterback Will Levis was hyped up as a possible No. 1 or No. 2 pick in the 2023 NFL Draft, with betting markets and mock drafts adjusting accordingly. However, he was not selected in the first round and will have to wait until Round 2 or later. Levis became a victim of the NFL Draft hype machine, with anonymous reports and fringe media characters adding to the absurdity. The lesson: don't believe everything you read or hear about the NFL Draft.

via Yahoo Sports|

#betting-markets #hype-machine #mock-drafts

sports3 years ago•3 min saved

"2023 NFL Draft: Mocks, Trades, and Top Prospects"

The 2023 NFL Draft prop bet markets are projecting the first round, with Will Levis among three Round 1 picks for the Texans and the Chiefs trading up. The mock draft is based on the odds posted in several different markets across multiple sportsbooks, and while it captures what the betting world is saying about how the first round of the NFL Draft will unfold, it is not necessarily the picks the author would make for each team or the picks they think each team will make.

via CBS Sports|

#betting-markets #mock-draft #nfl-draft

sports3 years ago•5 min saved

LIV Golfers Face Betting Market Skepticism at The Masters.

The betting markets are not favoring the 18 competitors from the LIV Golf tour who will be playing against their PGA Tour counterparts at The Masters this week. The LIV golfers are offered higher odds to win the event than similar counterparts on the traditional circuit due to a betting market that does not trust the competitive environment provided by LIV. The accessibility of LIV broadcasts and tension between LIV and PGA Tour players are also factors. Only two of the top 10 golfers based on odds are LIV golfers. The odds for future majors would likely adjust if a LIV golfer wins The Masters.

via The Athletic|

#betting-markets #liv-golf #odds