@mattkalish@Rishibets By limiting, I mean offering a 200x bet to a rec but a 1x bet to a sharp.
Exchange MMs can’t do that except for in RFQs. Rec books can and that’s why they love whales aka problem gamblers which you claim they protect and we both know that’s total and complete bullshit
What I love most about sports betting is that there's no hiding. You can debate sports endlessly with anyone but at the end of the day the person who knows ball is the person making money betting it. Plain and simple. Everyone gets to test their opinions against the market and find out exactly what they're worth. Love that.
MMing on exchanges is no where near the same framework as a book like DK
1) MMs can’t limit anyone
2) MMs have to compete on price (DK kicks anyone with a brain out so price doesn’t really matter to their customers)
3) MMs can’t adjust prices back and forth without paying the penalty of losing queue position
@ShipTheJustice I think It’s just having 2/3 remaining games at home versus 2/5. But yes having a big Thunder position has been pretty miserable the past week lol
@Max_Sorokin_ @mattkalish@Nick_Verd Lol so you want MMs to post $100k+ on an overnight, regular szn MLB/NBA line? Cris and Pinnacle’s limits are what like 2-5k on overnights? Guess you could bet more on a rec book like DK and then you’ll instantly get limited to pennies on that account
So either..
An MVP voter doesn’t know OKC’s All-NBA forward has been out the last 4 playoff games.. or he’s getting JDub & JWill mixed up 4 seasons, 3 playoff runs and 1 championship into their careers.. or he’s analyzing a game he obviously didn’t watch.
Would be very curious to know how their MMing is going. I don’t do RFQs, but I’d imagine it’s quite a different beast than their trading on FD, when on PMs you are facing automated traders that you can’t profile, can’t limit, and actually have to compete with others on hold %
NEW: When you make a parlay bet on a prediction market, FanDuel might be your counterparty.
Flutter, the parent-company of FanDuel, announced in its Q1 earnings report today that "in April, we began trialing market-making services on a major, third-party prediction market platform.”
FanDuel has its own prediction market platform, FanDuel Predicts, which $FLUT CEO Peter Jackson tells me is mainly for onboarding new bettors in states yet to legalize traditional sports betting.
“I want to do both,” Jackson says. “I want to make money through market-making and I want to acquire customers.”
The prediction market market-making Flutter is doing is mainly in prediction market parlay or "combo" bets, Jackson says.
Prediction markets say they differ from sports betting operators because they aren't the house. But now they may be pitting you against the house of Flutter.