Due to the growing number of gambling platforms and the changing iGaming regulations, a lot more people are interested in betting and gambling than before. These punters do everything possible to achieve better results, and some even pay money for it. Although betting predictions can make a difference, some players have found more successful methods.
According to Nostrabet.com, betting syndicates are slowly gaining popularity among players. In case you aren’t aware, a betting syndicate is a group of players who come together to have more resources to play with. Moreover, these people exchange experiences, come up with strategies and focus on achieving the best possible results.
“Betting syndicates are not new. I remember there were such things many years ago, but the syndicates that are available today are much more advanced. Also, it seems like they have many more members”, said Veselin from NB.
Betting syndicates are a lot more interesting than many of you think. That’s why we are about to look at everything you should know about them and see why they are becoming more popular.
What’s a Betting Syndicate?
As mentioned, a betting syndicate consists of multiple people whose goal is to take advantage of different sports betting opportunities. One of the reasons why they want to come together is because of the additional financial resources. Also, the people within the syndicate share valuable information and use advanced technology to maximize their results.
It’s important to realize that there are many different types of betting syndicates. Each one works differently and has a specific approach. The best ones are full-time businesses that have employees who work around the clock, similar to professional traders.
In most cases, members of a betting syndicate spend many hours per week analyzing all of the different betting markets. They are responsible for tracking the odds of specific events and ensuring that they are worth betting on.
Once the odds change, people within the betting syndicate start calculating their value to place the best bets possible. In other words, most of these “organizations” take advantage of misprised markets. The latter usually happens when there’s an error within the bookie’s software, but this isn’t always true.
Why do People Create or Join a Betting Syndicate?
We’ve mentioned the big idea behind the betting syndicate and why some people join one. Despite that, a lot of sports bettors believe that there’s no need for such a thing and prefer to be alone. This has its benefits, but there are more cons than pros, so here are some reasons why joining a betting syndicate is worth it.
Having access to more funds
One of the big benefits of joining such a syndicate is access to additional funds. Although all betting syndicates work differently, they can require clients to contribute a certain amount of money. Once that happens, the syndicate’s bankroll increases, allowing it to make better decisions.
To increase their capital, some syndicates can even secure partnership deals. This is not unheard of, but it’s more complicated, so most organizations rely on individual bettors to increase their bankroll.
Having access to more funds means that the syndicate can invest in better software and hire additional experts. This allows members to access better information.
The ability to place many bets at once
Due to how a betting syndicate works, one of the main advantages of being a part of this thing is that members can place several bets at once. In fact, this is the option that makes them so “dangerous” for the bookie.
The idea of the betting syndicate is to wager when there’s an opportunity to do so. This does not happen that often, and when it does, punters need to act fast because a delay can cost them a lot of cash.
Data collection
Among the reasons why some sports bettors are more successful is because of data collection. Having access to more data gives you a huge advantage, and experienced bettors know that.
When you join a betting syndicate, you will see that there are people whose job is to research and collect data. After gathering it, members use specific statistical models and unique tools that allow them to generate results.
We’re simplifying this process, but the reality is that it takes a lot of time and is very complicated. In other words, this can’t be done by an individual.
Placing bets at the right time
Since syndicates analyze all sorts of data, they will know when to place their bets to get the best possible results. The half-time markets are a good example here because bookies release the odds for some of them on the fly. This is an excellent opportunity for syndicates to analyze these odds and pick the best possible option.
Once done, they let members know, and the latter can take advantage of this and place a bet at the right time. Needless to say, it is more complicated to do that if the market has been up for a couple of days because the bookies would have adjusted their odds.
You can interact with specialists in specific areas
As you know, sports betting is very complex because there are many sports, and most of them have unique markets. Therefore, most people who wager alone decide to focus on one or more alternatives and learn everything about it.
The good news is that the betting syndicate allows you to be a lot more flexible because it consists of many people. Most of them specialize in different areas of sports betting, which gives you a huge advantage over other bettors. You can always ask them for help or different tips and use this to your advantage.
The bad news is that not all syndicates are like that, so you must research the organization you want to join beforehand. Learn more about its members and what each one brings to the table.
The Strategies of Most Betting Syndicates
The fact that so many new people have decided to join the iGaming space means that there are way more betting syndicates than before. While it is true that each one has its specifics and way of working, there are certain strategies that most of them follow.
Collecting data
The first big thing that betting syndicates are good at is collecting data. They have to analyze the various markets and the odds that come with them. Although this probably doesn’t seem that complex, it is incredibly time-consuming because most syndicates analyze all sorts of sports betting operators.
Simulate different results
Once they find the best possible results, it’s time to simulate different results and see what works best. The simulation itself can be different, depending on the odds and markets.
Math tools and/or AI
Usually, people conduct these experiments using math tools and/or AI to consider all possible factors and results. Some even develop custom software that allows them to be more efficient.
Once the results are in, the betting syndicate can see the numbers and decide what works best. Looking for value is extremely important here because the numbers never lie. The betting syndicate will eventually have a probability percentage for each possible outcome.
After gaining access to the implied probability, people who are in the syndicate must compare the percentages in the simulations. Once they find something whose implied probability is lower than the possibility of the expected outcome, members of the betting syndicate have to time the market and place a bet.
Is a Betting Syndicate Legal?
After learning more about betting syndicates and how they work, some people may want to join such a group. Before doing so, however, these people will want to know whether betting syndicates are legal.
The answer is yes. However, some practices can be against the law or the rules set by some of the leading sports betting sites. This is one of the reasons why some operators do not allow betting syndicates in their networks.
You can come across many examples here, such as when a betting syndicate works with someone who’s part of the bookie and/or the organization of certain sports events. If that’s the case, this person will have access to specific information that can lead to unfair advantages for the members of the betting syndicate.
Of course, betting syndicates are well aware of their position and the fact bookies don’t like them. Consequently, they operate within boundaries and know how to navigate so that they do not get in trouble. This is especially true for some of the more experienced syndicates.
Creating a Betting Syndicate
Now that you know what a betting syndicate is, it’s no surprise that there are no specific steps to create one.
Have two or more people
All you need is to have two or more players who want to work together, analyze different data, and capitalize on odds that are not priced correctly. The crucial aspect is to find like-minded people. In fact, you need to look for individuals with a specific skill set that complements what others provide. Think of the syndicate as a machine that needs specific components to work together.
Consider this a full-time job
People who decide to join an established betting syndicate will see that some consider this a full-time job. So, if you want to create your syndicate, you must take it seriously and devote as much time as necessary.
Assign each team member with a specific responsibility
Once ready, the next step is to assign each member with a specific responsibility. After that, you need to collect enough data, analyze it, and act when the odds are in your favor.
Be sure that you and your team communicate
Considering the bet syndicate specifics, communication is key. It’s of utmost importance that all of the syndicate’s staff talk to each other to react to the line movements. Ideally, you should also be in the same location.
Analyze, use tools, and place bets
After setting up your betting syndicate, it’s time to analyze, use different tools to your advantage, and place bets when the opportunity comes.
Conclusion
All in all, joining a betting syndicate can be a good decision if you are someone who takes betting seriously. Since most syndicates have a monthly free, you need to know what you’re getting yourself into. It’s also very important to know exactly which syndicate to become a part of because each one has its specifications.
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