Betting Syndicate App
Members of the Layezy Racing betting syndicate who now fear they are the victims of a Ponzi scheme have spoken for the first time, telling stories of the lives that will be ruined if they have. Investigators working on the IPL betting syndicate in Uttar Pradesh have detected a connection between Rajasthan, UP, Mumbai and even Dubai. Trending Now in Cities.
What is a betting syndicate? It sounds very professional and mystical doesn't it? Lets see who the ghost really is straight from the start of this article.
Betting syndicates are basically small organizations of good punters luring money from strangers and charging them their intellectual services in a form of % of the profit. Basically they are guys who know a lot about sports, are good in sports betting and willing to share their knowledge for a fair price.
They perform as a mixture of Wall Street brokers and online gang. He difference between them and Wall Street brokers is that they didn't go to school to become a betting syndicate. That doesn't mean that they are not educated. On the contrary, leaders of betting syndicates often have profound knowledge in some fields of mathematics, statistics and/or economy. They use that knowledge in a combination with profound knowledge in sports and sports related information not available to everyone.
When you see some odds dropping on some big match and dropping drastically, that is probably some syndicate placing their bets. They usually place hundreds of thousands or even millions on selected matches days before they take place. Or in case of some exclusive betting information about some team or player. This is where they act as an online gang. They play on normal users accounts on betting exchanges or in bookmakers that accept high stakes bets. The whole operation is done in several minutes or hours and before bookmakers have realized it, they have taken the value on those events. In the next couple of minutes or hours market shifts their way acknowledging the risk they have put bookmakers to and odds change.
Starlizard – The most famous betting syndicate
Betting syndicates are mostly secret organizations. They are secret because bookmakers are very afraid of them and would close any account they can prove to be related to syndicates. They are not secret because they engage in some illegal activity, although there is a certain risk factor of manipulating matches and similar activities.
The most famous betting syndicate is certainly the one run by Tony Bloom. Tony is a PHD in economics, multimillionaire entrepreneur, owner of Brighton FC, professional poker player and who knows what else. His betting syndicate operates legally as a betting consultancy company located in center of London. It's name is Starlizard and feel free to look it up on google.
The reason of it's fame is not just the fact that they are identified and open to public. They are famous for having enormous money turnover. Some say that they move hundreds of millions of GPB every year, some say it is closer to several billions, more than the majority of existing bookmakers can say for themselves.
Lifestyle in a Starlizard company is like in movies with all that money created out of thin air. Their employees, on the other hand, will never go to the public exposing themselves and there isn't a lot of juicy information coming from inside, but it is not a bad life from what we heard from former employee.
How to get into a betting syndicate?
Well, neither of us ever got in a betting syndicate despite being in the industry for years, neither we have tried to. But, the most effective way would be to gather all the resources you have, all good punters you know and start your own syndicate like any other company. Some betting consultancies succeed and majority don't. You will need much more than a good knowledge or talent for betting. You will need mathematicians, developers, connections in sports and similar to gain an advantage not only over bookmakers, but over other betting syndicates as well. Because what is the worth of being able to recognize value on some odds if someone else takes them before you or calculates that value more precise than you do and doesn't take it at all?
Things you need to know before trying to organize a betting syndicate:
- Inside information – this is crucial
- How to compile odds – and how to recognize value in them
- People who are willing to invest – you can't start with 500 $
- People who are willing to place bets instead of you – as you shouldn't expose yourself
- How to run a successful company
And in that order.
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What Does Syndicate Mean In Sports Betting?
by Doc's Sports - 10/10/2014
At the most basic level, a syndicate is merely a group of sports bettors working together to improve their chances of making a profit. Typically a syndicate would include sharp bettors with a great deal of skill and knowledge. They likely have an edge individually, but by combining forces they feel that they can increase that edge. Sharps, or wise guys, typically have well-developed and carefully-refined methods of handicapping games. By combining those methods, and bringing together people with different viewpoints and areas of specialization, they can increase their chances of beating the sportsbooks over the long term.
Syndicates can also have another significant advantage. When combining forces they have a big bankroll to play with, and are able to bet large amounts on single games. That means that they have the ability to move lines significantly, creating the opportunities that they would like to be able to bet. For example, if a line is too high for their taste they could bet the other side aggressively in order to lower it, then bet even more on the team they actually like at the price they were looking for. The large bankroll also means that when they find a line that is vulnerable they are able to take full advantage of it to maximize their value. Syndicate members understand that what matters isn’t being right as many times as possible, but rather handling the situations when you have a good chance of being right as well as you possibly can.
Horse Racing Betting Syndicate
There is a potential dark side to syndicates, too. With that much money and knowledge combined in one unit the pressure for profits is high. Syndicates could look to maximize their chance through match fixing or other ways of applying illegal pressure.
That being said, the mythology of syndicates typically exceeds the reality. Syndicates certainly exist, and are powerful and successful. They typically aren’t the huge, merciless, shady superpowers that they are portrayed to be by clueless squares and governments, though. They are just pros looking for ways to be better at what they do for a living. That has positive and negative implications for the sports betting industry in general, and some syndicates are more positive than others, but it is easy to overreact when you hear talk of syndicates.
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