On today's article, we will discover the preconceptions about bettors and sports betting through the eyes of a non-bettors. I invited Pierre, a neophyte who is passionate about sports he doesn't usually bet.
Sports betting and betting as seen by a non-bettor
N: - Hello Pierre, can you introduce yourself to our readers?
P: - Good morning, everyone. I am a host on Radio Évasion and I present three programs a week. On Wednesdays I talk to you about the sport, on Thursdays, I talk about the environment... we have to talk about something other than football and sport in life! (laughs)
N: - And what is your favourite sport?
P: - Football, with a love for French teams
N: - Let's say it was a bit like the branch or training centre of the PSG! I invited you to the show today to see how you look at the world of sports betting. You're not a gambler at all, are you?
P: - I don't bet at all. I tend to see it as a parallel world, focused on this passion for the sport, but with a different way of looking at it. You can follow the sport in different ways: you can focus on a club, on a specific sport. And the world of sports betting leads you to consider sport from many different angles. What is very interesting is the excessive use of statistics. I find it exciting.
N: - It's true, it's part of sports betting. What many people don't understand is that there is what you see in the field, but there is also the whole analysis upstream. There are mathematics, probabilities that come into play. And if we don't understand that, we consider sports betting as the National Lottery or a scratch-off game - by chance.
P: - Before I knew you, to see also that you had developed an atypical project - I don't know anyone else who lives from sports betting, no pro bettor - sports betting, for me. And then there's also a business with a few big structures that oversee all this and an ecosystem in which you wouldn't think people could live off it.
N: - That's right. Actually, it's unknown and the unknown is scary. That's why some people put barriers in the way of sports betting, simply because they don't know the subject and the environment. It should be noted that sports betting is an institution for our Anglo-Saxon friends. With us Latin people, it's different but it's starting to come. We see it through television commercials. It is nevertheless a bit of a social phenomenon that is gaining momentum. What do you think of that?
P: - Yes, but not from your angle. Your project needs to be better known, more valued. More than the major brands as is currently the case
N: - We can mention several sportsbooks: Pinnacle, SBObet, MAXbet But do these companies like winning bettors?
P: - Yes they do.
N: - That's it! And not necessarily with the winners. That's what's a little ambiguous: they talk to you about sports betting but they never put the bettors first. In their ads, someone gets up because there is a purpose but that's all. But we don't see the real winners (obviously, we don't see the losers either because that would be counterproductive) but that's what's crazy anyway! These companies prefer losing bettors to winners because it's simply their business. This is the ambiguity that exists in sports betting today. That's what I'm fighting against, by explaining that you can make money. You saw it with my guests on previous shows. Little by little, by bringing testimonies from people who manage to live off them, I hope that it is making its way. For example, did it surprise you when you were told that it was possible to earn money from sports betting?
P: - At first, yes, clearly. To generate income, it still requires relatively balanced and sound financial management. And when you think about sports betting, the notion of financial balance is not necessarily what comes to mind!
N: - And what are you thinking about?
P: - More like people who are going to put a lot of money into something completely crazy all at once. Weekend gamblers. Not to something healthy.
N: - That is why I wanted to have this debate. I always invite people who are in the business, who succeed in living off their passion, but I have never invited anyone who is not in the business. And I find that very interesting. If you had to make a sports bet, which sport would you choose?
P: - A sport for which you could have a lot of indicators and statistics. I'm thinking about basketball. The stats are something very revealing in basketball. When you follow a game or basketball season, you necessarily follow individual and collective stats. It is in the culture of sport itself. I am also thinking of ice hockey, where some terms have become expressions of everyday languages, such as "clean sheet". This is indicative of the importance of stats.
N: - The two sports you mention are two of the big American sports (with American football and baseball). All these sports have a lot of statistics. In basketball, for example, we give a lot of importance to the number of ball possessions because it has a direct impact on the number of points you can score. And it's part of the bookmakers' algorithm to establish their basketball scores. But stat is king in all sports. You were telling me earlier about Opta you're watching. I think you're a subscriber.
P: - I am the Twitter account. It's often stats that are crispy!
N: - Opta is a company that provides statistics. When I was invited to BeIn Sports before the Euro, the journalist asked me if I was working with Opta and I told him no. It costs thousands of euros every month to subscribe to Opta and I manage otherwise. But they and all the big clubs work with Opta - and to ensure that clubs have really accurate data, they have developed small sensors that each player wears during matches. Football is also a sector where there are a lot of stats today. I don't know if you remember, but there wasn't any of that before when we were watching a football game. Canal+ started with that and now there are stats everywhere. Statistics are an integral part of sports betting. A good bettor necessarily relies on statistics in addition to team composition, players, calendar. In fact, a member of my club shared a file in which they analyzed 25,000 games from the five largest leagues when one of the two teams had one or two more days off than the other. And it's impressive to see how fatigue affects a team's results! It's pretty amazing! When one team has two days off and the other four days off, the number of wins away falls by half compared to the norm. I'll talk to you about it again because I think there's really something to be gained for the bettors. I had already mentioned it: all the clubs that play in the Champions League or Europa League are a little tired the following weekend but this study really shows it.
P: - You are right.
N: - Another question for you. In Europe, there are many Regulatory Authority for Online Games. Do you know anything about it?
P: - Vaguely. I heard about it recently because of some cases (laughs)
N: - That's right, with a sport that is played by hand, with brothers
P: - whose name begins with "K" and ends with "ic"
N: - I think we guessed it. To come back to the authorities, have you heard any good, any bad things?
P: - I can only give you a global answer but I don't think it contributes to the development of sports betting. In terms of communication anyway, it doesn't convey the appeal of sports betting. It sends back something dark when you see court, match-fixing, it's not very positive, it doesn't sell dreams.
N: - It's obvious that it didn't advertise for bookmakers. You have to know that there are bound to be matches rigged. I don't think this is the case in the big leagues but in the lower divisions and that's why they ban betting on the lower divisions a lot, whether in tennis or in many sports.
P: - That's why we can't bet on Ligue 2...
N: - For example (laughs)! But that's it, it's more like semi-amateur sport so it's easier to corrupt people. But it is a current concern in all areas... when you see what is happening in politics... I will not name anyone but...
P: - Is there a Penelope file?
N: - And when you look in the mirror at the word "Penelope" written in a script I think, it sounds like "volunteer"! But yes, it affects all areas of society and so there has probably been and will be corruption in sport. But we must not generalize as some people tell me that everything in sport is rotten. We have to stop. There are also those who sell fixed. You may not know it, but people contact you and tell you that a friend's brother knows a player on a team and that they will drop the game... They sell it to you as safe for $100 or $200. Generally, the team that was supposed to lose wins!
P: - Do these practices really exist?
N: - I promise you, it's something crazy. I have warned my Club members about this and everyone in the sports betting business knows it: it's bullshit if you don't mind my saying so. We must absolutely avoid this kind of thing.
P: - Some years on the Italian championship, it must have been really interesting to have this kind of information though!
N: - All because it was convenient for both teams to draw and there was a rumour going around. Well, even then, there wasn't always a draw all the time! That is what we can say today about sports betting. So, are you going to get started?
P: - Uh...
N: - What would stop you?
P: - It's complicated. I want to follow the sport in a fun way. Maybe on some competitions like the World Cup or Euro, fun stuff between friends, without pretence. I don't want to get involved. What you do and build, it's a bit of a statistical!
N: - We gamblers are a little on the margins of society, the club of the misunderstood sometimes. But little by little, I see through social networks that people are starting to realize that there is something to do in this environment. To conclude, sports betting is for me an investment product. And the investment product of tomorrow because it is the only one that is not influenced by external events - there may be a war, economic problems, sports betting will always remain stable. Whereas, for example, you have invested in real estate, there is the sub-prime crisis and everything is going badly, you take shares but there is a war and the price is falling, etc. Do you know what I mean?
P: - Interesting, this story of a stable investment product. But it's about the sport, it's fun above all, right?
N: - For you and many people, it's fun. I see it as an investment product. I can understand very well that my vision seems particular, but it is my niche today. That's why more and more people are talking about sport investing. In the USA, it's been part of the culture for some time, with people like Billy Walters for example.
