Shadydan
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lol don't be naive of course they do, what better opportunity to manipulate the market, you'll get a few gullible people putting money on the outcome, it's a win/win for betting companies.
The Mauricio Pochettino thread
- Thread starter TaoistMonkey
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lol don't be naive of course they do, what better opportunity to manipulate the market, you'll get a few gullible people putting money on the outcome, it's a win/win for betting companies.
SirHarryHotspur
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Wouldn't take much notice of those odds on Poch leaving, think at one time he was about even money to go to Madrid. The problem with 24 hour sports news stations is that most of the time there is nothing new to report so they have to come with some nonsense to fill in the time.
Gassin's finest
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They are absolutely not allowed to do that. There are very strict laws around corruption, money laundering and responsible gambling that prevent it.
kaz Hirai
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Your own fault for listening to that talkshite tripe really. But if you must I suggest in future you don't take anything said as serious or true.
It's like reading a marvel comic and suddenly becoming worried about Mutant Rights and whether trump will address this serious issue
thekneaf
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So how is it regulated to stop that?
SirHarryHotspur
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"What can I say about a stupid rumour? After five years, now I start the sixth and you know how we work in the summer to try to rebuild and update," he said. "Summer 1.0, 2.0, 3.0, 4.0, 5.0 - now we are 6.0. The new version.
"That stupidity can only happen through some rumours on social media that create a big, big problem that doesn't exist.
"I'm not going to walk away after the north London derby. I'm going to be here Monday and Tuesday.
"I'm not the type of person who sends messages through social (media). Did you bet? You lost your money!"
"That stupidity can only happen through some rumours on social media that create a big, big problem that doesn't exist.
"I'm not going to walk away after the north London derby. I'm going to be here Monday and Tuesday.
"I'm not the type of person who sends messages through social (media). Did you bet? You lost your money!"
Gassin's finest
C'est diabolique
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Er... if they did it there would be very serious legal ramifications.
Shadydan
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So how comes Sky Bet hasn't shut down then? Surely a new outlet shouldn't be able to run a betting company.
No doubt it's illegal but how do you prove such a rumour to be false?
Donki
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Gassin's finest
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Nop.Me thinks he is being sarcastic.
Gassin's finest
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The Sky situation is very unique. It certainly sails close to the wind, and there's plenty of umbrage in the industry about it:
Ian Herbert: Sky Sports reports, Sky Bet reacts – is there a
Sky Bet is the only bookie with a sister company that can move the market
www.independent.co.uk
Basically though, if the one I work for were to do it, they'd lose their license. Advertising is one thing, but demonstrably lying about it isn't allowed.
Shadydan
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The Sky situation is very unique. It certainly sails close to the wind, and there's plenty of umbrage in the industry about it:
Ian Herbert: Sky Sports reports, Sky Bet reacts – is there a
Sky Bet is the only bookie with a sister company that can move the market
Basically though, if the one I work for were to do it, they'd lose their license. Advertising is one thing, but demonstrably lying about it isn't allowed.
Yeah it's hard to prove, Sky for example don't have to make up a rumour or a story but they can fabricate it to the point where it's on the verge of being imminent - That's the grey area surrounding it you just can't prove it either way but I have no doubt that there are strategies to manipulate the market using fabricated stories.
King of Otters
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To be clear, you think that TalkSPORT are conspiring with betting companies to manipulate the next manager to go market?
Does that not sound a little bit silly?
Shadydan
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Well Sky and Talksport are owned by the same company - News Corp...
If there's enough a market with attractive odds then inevitably people will put money on it, if there's then more activity on that same market then they could feasibly fabricate a rumour based on that story meaning that more people will back it.
I don't understand what's so far fetched about it?
King of Otters
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I just don’t see what they gain by it in this particular market. Does installing Poch as favourite provoke a flurry of bets? I can’t see that it would.
The fact that it’s a news item on TS is more a reflection of how deep rooted gambling is in sports media in this country. Even self regarding podcasts like The Totally Football Show have jumped into bed with Paddy Power. That’s a problem for me, but I don’t think it necessarily follows that the media is being used to falsely manipulate markets.
Shadydan
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Well I assume that there would be enough money or interest in the market, I'm just speculating here but they must follow trends to see how much punters are putting down and when - I think they take advantage of the reactive betters looking to make quick money and there's no better way than to put the idea in someone's head via a news outlet or talk show without retribution.
carmeldevil
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'O Zio
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Other than convincing people to put a bet on you mean...
Marty
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Market odds are largely decided by the number of bets placed. A huge majority of bets (we're talking <95%) are placed by people who have absolutely no idea and go solely on what the media tells them. When Talkshite report that Poch's odds are low, it leads to more people placing bets, and that leads to odds lowering further, and so on.
It isn't making stuff up, but it's playing the game so their betting partners make money.
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