Sports Betting Syndicates: How They Work

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Xenia Luch

01 June 2023

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Bookies and betting syndicates both know the game. But betting syndicates have a different approach. What’s their method? Read on and find out.

What is a Betting Syndicate

A betting syndicate is a type of pool betting where a group of pro bettors team up to beat the bookies. ​

Who they areWhat they do
Pro bettorsFind value bets with data and analysis
The dream teamTeam up, share the costs and the profits
Game changersExploit the flaws of the bookies & the public

Betting Syndicate Playbook

  • Spot the value: Scan the betting market for trends and opportunities
  • Line shopping: Hunt for the best odds and prices
  • Beat the clock: Bet early and often before the lines move
  • Do the math: Use algorithms and models to find value bets
  • Run the simulations: Test scenarios and hypotheses to predict the winners
  • Edge finding: Check if the odds match the expectations and spot the gaps
  • Aim high: Bet big and often to maximize profits and minimize variance

How Betting Syndicates Work

Picture this: You bet $100 on Getafe at 1.91 odds versus Real Madrid on May 13th, 2023. Real Madrid’s Asian handicap is -2.5.

But you have company. Starlizard and Colossus drop millions on Getafe as well. They know Real Madrid’s star – Karim Benzema – is benched.

What happens? The line shifts to Real Madrid -1.5.

What it means for you? You got in early, just before the line moved.

Pros and Cons of Syndicate Betting

ProsCons
Pool Power: More money, more betsTrust Issues: Who’s in charge?
Teamwork: Split the workLegal Risks: Don’t get caught
Higher Limits: Break the bankMoney Loss: High risk, high reward?
More Eyes: Watch the linesGroup Conflicts: Too many bettors
Data Driven: Numbers don’t lieLack of Flexibility: Follow the leader
Specialized Skills: Experts on boardPrivacy Concerns: No secrets

FAQ About Betting Syndicate

What is a betting syndicate?

A betting syndicate is a group of pro bettors who pool their money and brains to beat the bookies.
How can I join a betting syndicate?

You need to have a proven track record of winning bets, a large bankroll, and a network of contacts.
What are some examples of betting syndicates?

Some of the most famous betting syndicates are Starlizard, Colossus, Zeljko Ranogajec’s group, and Billy Walters’ group.