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Media & Entertainment Law

: Sports Biz

Live Running Wagering (Day Trading) In Vegas

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There is certainly a lot of movement in and around sports betting in America these days.  I just recently wrote about the fantasy game being run by the Philadelphia Daily News allowing online fantasy gaming. In addition, a sports betting hedge fund is about to be launched in the UK, not unlike one proposed several years ago by Mark Cuban, although the newer one now being organized has a broader based strategy.

Now In Running Wagering has come to Vegas, not to mention numerous offshore sports books, some calling it Live Betting or some other variations.  It brings concepts similar to day trading to sports betting. An affiliate of the Wall Street firm Cantor Fitzgerald, Cantor Gaming is using its computerized trading background to develop the algorithms needed to be the market makers for the game.  It has developed a mobile, hand-held device for use by players in playing inline wagering live in Vegas sportsbooks.  With sufficient mathematical skills, trend analysis should be as applicable to inline wagering as it is to the stock market, opening up new possibilities for traders who need that market trading rush in the evening when New York markets are closed. ESPN's E:60 had a story on inline wagering last night.

Full post as published by Sports Biz on April 22, 2010 (boomark / email).

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