Why is there no sports betting for track and field right now? I mean think about how much bigger this would make the sport and bring in way more viewers, publicity, and money. I feel like this is a pretty easy thing to do and would greatly help our sport’s growth. Someone get on it and make this a thing
There is too much secrecy, T&F regarding injuries. If an athlete is ranked top 100 in an Olympic event, weekly injury status must be disclosed. If not, no chance for T&F and reliable wagering.
There is too much secrecy, T&F regarding injuries. If an athlete is ranked top 100 in an Olympic event, weekly injury status must be disclosed. If not, no chance for T&F and reliable wagering.
There is too much secrecy, T&F regarding injuries. If an athlete is ranked top 100 in an Olympic event, weekly injury status must be disclosed. If not, no chance for T&F and reliable wagering.
Are similar disclosures required in horseracing?
Do you want wagering on T&F or not? Am. football should be the standard. I only bet on horses I can walk up to and see pre-race. I find the posted odds at Thoroughbred races reasonable. You do agree there is a lot of secrecy, T&F. We find out after an athlete fails to qualify for U.S. team that he or she has a stress fracture. We find out at Olympics or at W.C. that an athlete has a sore leg and cannot race.
Why is there no sports betting for track and field right now? I mean think about how much bigger this would make the sport and bring in way more viewers, publicity, and money. I feel like this is a pretty easy thing to do and would greatly help our sport’s growth. Someone get on it and make this a thing
There is sports betting for the Olympics. Big events like the london/boston marathon are probably bet on at online sites. In Europe it's probably common to have track and field betting.
Why is there no sports betting for track and field right now? I mean think about how much bigger this would make the sport and bring in way more viewers, publicity, and money. I feel like this is a pretty easy thing to do and would greatly help our sport’s growth. Someone get on it and make this a thing
Because no one gives a crap about track. the only time anyone watches it are the sprints in the Olympics. Let’s face reality
Why is there no sports betting for track and field right now? I mean think about how much bigger this would make the sport and bring in way more viewers, publicity, and money. I feel like this is a pretty easy thing to do and would greatly help our sport’s growth. Someone get on it and make this a thing
There is sports betting for the Olympics. Big events like the london/boston marathon are probably bet on at online sites. In Europe it's probably common to have track and field betting.
It's not common in Europe. At peak I've only seen it for a couple of meets per year. Only the big ones where the sportsbooks know who is going to be there and have confidence that everybody will be giving their best effort.
That effort criteria is the reason track and field is not booked other than Olympics and World Championships and a handful of elite marathons. Oddsmakers want to spend as little time as possible on an event. They love team sports because it's simply plug and play via widely available power ratings. It's too bad those oddsmaking sessions are never televised. The public would be shocked. There is no discussion of personnel or particulars whatsoever. Each game requires 30-60 seconds tops. They can do it that way because it's a grind all year long with thousands and thousands within the sample. It doesn't matter if the odds aren't perfect. Power ratings make them perfect enough. And since there are generally 12 to 53 players on every team they don't have to care about psyche or effort level, etc. Faith in numbers.
Individual sports are totally different. Now it's one guy and countless variables to deal with. The sportsbooks don't want to be worrying about one guy treating the meet as imperative while the guy with the higher power rating is using it as a warmup race. Wise guy bettors can afford to laser focus on that type of thing. Sportsbooks understand their vulnerability. The more time and subjectivity required the less likely they are to book something.
When I worked as sportsbook supervisor in Las Vegas the chief oddsmaker in the state would call specific sportsbooks and scold them for putting up homemade events and numbers. He wanted the bottom line strictly dictated by the numbers sent from his office.
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Bookmakers make money on the vig, not taking the other side of a bet. This is why lines are always changing. If you know how market makers work in the stock market, its similar to the bid/ask spread. The problem is that to ensure the bookmaker gets a reliable vig, they need high bet volume. They won't offer bets on things with low volume or the odds you will get will be complete trash on both sides.
It's dangerous to bet on individual sports. Wise guys may deliberately target an athlete to win a gambling debt. Imagine right before a race, someone slips a runner a powerful laxative.
Do you want wagering on T&F or not? Am. football should be the standard. I only bet on horses I can walk up to and see pre-race. I find the posted odds at Thoroughbred races reasonable. You do agree there is a lot of secrecy, T&F. We find out after an athlete fails to qualify for U.S. team that he or she has a stress fracture. We find out at Olympics or at W.C. that an athlete has a sore leg and cannot race.
It used to be pretty common at our state meet to see middle aged dudes in the stands betting on the races among themselves, especially the sprints. No studying the runners ahead of time or anything like that, they'd just get a look at the athletes on the start line, each pick one to back real quick, give each other some odds off the top of their heads (again just based on the look of the athlete) and go from there.
Wrong. It was available at the start. I own sports betting skins in a state. There's just no money in it is the bottom line for numerous reasons. I did have the meet director of a fairly major meet in the USA contact me about getting bets on his meeting a couple of years ago. He got nowhere with it which is what I told him would happen.
There is sports betting for the Olympics. Big events like the london/boston marathon are probably bet on at online sites. In Europe it's probably common to have track and field betting.
It's not common in Europe. At peak I've only seen it for a couple of meets per year. Only the big ones where the sportsbooks know who is going to be there and have confidence that everybody will be giving their best effort.
That effort criteria is the reason track and field is not booked other than Olympics and World Championships and a handful of elite marathons. Oddsmakers want to spend as little time as possible on an event. They love team sports because it's simply plug and play via widely available power ratings. It's too bad those oddsmaking sessions are never televised. The public would be shocked. There is no discussion of personnel or particulars whatsoever. Each game requires 30-60 seconds tops. They can do it that way because it's a grind all year long with thousands and thousands within the sample. It doesn't matter if the odds aren't perfect. Power ratings make them perfect enough. And since there are generally 12 to 53 players on every team they don't have to care about psyche or effort level, etc. Faith in numbers.
Individual sports are totally different. Now it's one guy and countless variables to deal with. The sportsbooks don't want to be worrying about one guy treating the meet as imperative while the guy with the higher power rating is using it as a warmup race. Wise guy bettors can afford to laser focus on that type of thing. Sportsbooks understand their vulnerability. The more time and subjectivity required the less likely they are to book something.
When I worked as sportsbook supervisor in Las Vegas the chief oddsmaker in the state would call specific sportsbooks and scold them for putting up homemade events and numbers. He wanted the bottom line strictly dictated by the numbers sent from his office.
Yeah its pretty clear the sportsbooks largely just go off SBs to set their odds. Kimeli was listed as a pretty heavy favorite in the 5,000 last year, although anyone with track knowledge would know this shouldn't be the case. Its a real opportunity tbh for track fans to make some money during World Champs, not many situations where you can have a real advantage over the books.
Why is there no sports betting for track and field right now? I mean think about how much bigger this would make the sport and bring in way more viewers, publicity, and money. I feel like this is a pretty easy thing to do and would greatly help our sport’s growth. Someone get on it and make this a thing
Bc 90% of the people that would be interested in it would be current track athletes and that would make it illegal per ncaa rules.
There is sports betting for the Olympics. Big events like the london/boston marathon are probably bet on at online sites. In Europe it's probably common to have track and field betting.
It's not common in Europe. At peak I've only seen it for a couple of meets per year. Only the big ones where the sportsbooks know who is going to be there and have confidence that everybody will be giving their best effort.
That effort criteria is the reason track and field is not booked other than Olympics and World Championships and a handful of elite marathons. Oddsmakers want to spend as little time as possible on an event. They love team sports because it's simply plug and play via widely available power ratings. It's too bad those oddsmaking sessions are never televised. The public would be shocked. There is no discussion of personnel or particulars whatsoever. Each game requires 30-60 seconds tops. They can do it that way because it's a grind all year long with thousands and thousands within the sample. It doesn't matter if the odds aren't perfect. Power ratings make them perfect enough. And since there are generally 12 to 53 players on every team they don't have to care about psyche or effort level, etc. Faith in numbers.
Individual sports are totally different. Now it's one guy and countless variables to deal with. The sportsbooks don't want to be worrying about one guy treating the meet as imperative while the guy with the higher power rating is using it as a warmup race. Wise guy bettors can afford to laser focus on that type of thing. Sportsbooks understand their vulnerability. The more time and subjectivity required the less likely they are to book something.
When I worked as sportsbook supervisor in Las Vegas the chief oddsmaker in the state would call specific sportsbooks and scold them for putting up homemade events and numbers. He wanted the bottom line strictly dictated by the numbers sent from his office.
Read a book or listen to any famous sportsbook operator and you will find out this post is mainly BS. If he worked in a sportsbook that merely copies other more prominent places lines its possible. But if you talk to the managers of Circa or Westgate or the Superbook they will laugh at the idea they spent 30 seconds coming up with NFL lines.
Eldorado ( which now grew into Ceasars) had betting on the indoor meets in Reno decades ago. Before PASPA banned it in 1992 obviously. Problem was say when Michael Johnson ran the 400 in an indoor track meet in Reno the odds of him losing were basically the odds of him injuring himself and not finishing or false starting. (remember that was 2 false starts back then. Eldorado was small back then. Owned 2 casinos in reno the eldorado and Pioneer inn. They soon dropped track meets. there was no interest or money in it.