mirageburbank
EOG Member
Say What — Sports Betting
Posted on January 7, 2012 by Robert Walker
Image via Wikipedia
I have not seen a more convoluted explanation in my life than this drivel from Cantor Gaming.
Well, once when I asked my ex girlfriend why she was getting home so late — but that’s another story.
From Wagerminds.com:
Well, let’s look as the Cantor Gaming IPO documents. In their financial overview, Cantor explains:
We employ a risk management team that creates a statistical data base that is comprised of historical data and mathematical algorithms overlaid by injury reports, weather conditions, and other anomalies, to assess the most likely outcome of a sporting event. These algorithmic models are used for risk management, as well as to manage our In-Running sports wagering offering. These are used in the posting of odds/lines which patrons may wager on. We believe that our risk management team, aided with our superior technology, provides odds/lines with a high degree of credibility. This permits us to accept larger wagers than our competitors, as our technology provides us immediate visibility to our risk.
What. Really.
I have been somewhat vocal in my criticism of Cantor Gaming and that is before I read its IPO.
They certainly don’t subscribe to Occam’s Razor which states that simpler explanations are, all things being equal, generally better than more complex ones.
If Cantor Gaming could just develop an algorithm to explain its methodology.
Cantor Gaming came into Nevada with guns a blazing, which is fine if you have enough ammunition. They did not. They have simply misjudged the Nevada market, and in my mind have bought their way in and overpaid in the process. It’s curious that the three most prominent companies that run satellite sports books are looking to get out at a time when Cantor Gaming is aggressively pursing the same market.
Only time will tell but for Cantor Gaming, the clock is ticking.
Don’t throw money away! Book Flight + Hotel at the same time & Save up to $500!
Source: http://rwalkersports.com (http://s.tt/158kE)
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Posted on January 7, 2012 by Robert Walker
Image via Wikipedia
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I have not seen a more convoluted explanation in my life than this drivel from Cantor Gaming.
Well, once when I asked my ex girlfriend why she was getting home so late — but that’s another story.
From Wagerminds.com:
Well, let’s look as the Cantor Gaming IPO documents. In their financial overview, Cantor explains:
We employ a risk management team that creates a statistical data base that is comprised of historical data and mathematical algorithms overlaid by injury reports, weather conditions, and other anomalies, to assess the most likely outcome of a sporting event. These algorithmic models are used for risk management, as well as to manage our In-Running sports wagering offering. These are used in the posting of odds/lines which patrons may wager on. We believe that our risk management team, aided with our superior technology, provides odds/lines with a high degree of credibility. This permits us to accept larger wagers than our competitors, as our technology provides us immediate visibility to our risk.
What. Really.
I have been somewhat vocal in my criticism of Cantor Gaming and that is before I read its IPO.
They certainly don’t subscribe to Occam’s Razor which states that simpler explanations are, all things being equal, generally better than more complex ones.
If Cantor Gaming could just develop an algorithm to explain its methodology.
Cantor Gaming came into Nevada with guns a blazing, which is fine if you have enough ammunition. They did not. They have simply misjudged the Nevada market, and in my mind have bought their way in and overpaid in the process. It’s curious that the three most prominent companies that run satellite sports books are looking to get out at a time when Cantor Gaming is aggressively pursing the same market.
Only time will tell but for Cantor Gaming, the clock is ticking.
Don’t throw money away! Book Flight + Hotel at the same time & Save up to $500!
Source: http://rwalkersports.com (http://s.tt/158kE)
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