Business of Betting - Ep 205 Antonino De Rosa

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hagrinBPR Review Date: 2024-03-13 05:37:32
Rating: 7.25

Notes:
Ex-Pinny trader. Has been on 2 pods before that I have heard that might be worth your time if you like this one because the other two let him stretch his legs a bit more. First 6 minutes you can FF.

6:10 - Pinny career start. 7:15 - Discussion on why the Pinnacle model hasn't been more successful. "Retail not price sensitive enough, low margins, retail customers might be losing their money faster at Pinny (~10:00 mark)" (sidenote - not sure about this last part, might be true, no idea, seems counterintuitive to me especially with less hold and a worse retail tailored UI/UX).

15:15 - Antonino mentions how his betting group has found that if they make on exchanges, when those resting orders get filled, their performance isn't as good. (sidenote - what he's actually describing is that his resting offers (when he's making) are likely becoming stale and being filled/taken by other sharp counterparties. Market making is hard, #shockSTUN.)

17:55 - Antonino runs an NBA betting group now, based out of FL. Runners in Brazil, London, Italy. Movers in the legal US states. Betting a lot in Asia , TG/Signal. One cool thing he mentions (~21:00), they have a telegram bot that auto-enters bets into a spreadsheet / db so runners/movers can just ping a TG channel and the messages are consumed and inserted into a db - very cool, small piece of automation. 12 employees. After this sounds like they have a bot that can bet a bunch of Buckeye skins, so "there are others". More flat betting than Kelly, try and bet what they perceive as 4% edges, but win about 2%. Runner pay - up to 50/50 deals or 20% freerolls or 1% on volume. Tennis runners can't bet Pinny or Betfair, soccer HGA or Sing (Singbet) or ISN (which is BetISN which stands for the International Soccer Network). (sidenote - interesting how we went from an NBA group to betting Tennis and Soccer now). 27:00 - go direct to Asia because MollyBet charges extra. Funny story of a Red Snapper Fish site that when you drill down is BetFair (love these stories).

32:20 - Jason asks what an automover is ... uhh what?