Sports Betting Syndicates: How They Work
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 are | What they do |
Pro bettors | Find value bets with data and analysis |
The dream team | Team up, share the costs and the profits |
Game changers | Exploit 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
Pros | Cons |
---|---|
Pool Power: More money, more bets | Trust Issues: Who’s in charge? |
Teamwork: Split the work | Legal Risks: Don’t get caught |
Higher Limits: Break the bank | Money Loss: High risk, high reward? |
More Eyes: Watch the lines | Group Conflicts: Too many bettors |
Data Driven: Numbers don’t lie | Lack of Flexibility: Follow the leader |
Specialized Skills: Experts on board | Privacy Concerns: No secrets |
FAQ About 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.