Chris Benyarko, NBA Head of Direct-to-Consumer Products, Technology & Operations, was named Technology Executive of the Year at the Sports Business Journal’s fourth annual Sports Business Awards: Tech.
Benyarko was recognized for driving innovation of the NBA’s tech and digital ecosystem, including the delivery of live games across streaming platforms, launching the Tap to Watch initiative, and enhancing the NBA League Pass experience.
@adamlevitan@nigeleccles@BigBuckHunterrr@Sports__Proj Question for Nigel: Does Fanduel plan to take less juice on bets in the future? Often -110 to -115, and won’t be able to compete with NOVIG or prediction markets that haves less juice.
When I worked in quant finance @ SIG, we'd play this game called "Make a Market" for $1,000...
It's kinda interesting:
1) An unbiased person picks a random question (e.g. What's the population of Tanzania)
2) Person A makes a market (say 30million-100million)
3) Person B can "tighten" the market (e.g. 50M - 80M) or buy/sell (e.g. below 30M or above 100M)
4) Person A can then "tighten" the market (e.g. 60M - 65M) or buy/sell (below 60M or above 65M)
The game ends when somebody buys/sells...
Let's say Person A "buys" 65M. The popular of Tanzania is 72M so they'd win the $1,000.
If they "sold" 60M, they'd lose. If the population was between 60-65M, then they'd also lose...
The game teaches you a lot about trading/risk tolerance/confidence in your assumptions
This 1 hour Stanford lecture on "Sports betting math" by founder of $160M sports platform, reveal the math used by betting platforms to print millions on sports.
Bookmark this & give it 1 hour today, no matter what. It’s the most productive start you can give your week. Then read post below.
Every time you accepted a salary, chose a price, or walked into a negotiation, the other person was running GAME THEORY in their head.
You were guessing.
This 1-hour Yale lecture by Professor Ben Polak will permanently change how you read people and make decisions.
Most MBAs pay $150k to learn this. Yale posted it for free: