Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 The reason Vegas doesn't generate openers is because they can get them for free. They did it for years on end. You should probably teach at Wharton too. The first mover advantage is massive. Great. You can find a few examples where it didn't work - all while ignoring the thousands of times it has. It's not called a first mover disadvantage. It's not called a first mover placebo effect. It's called a first mover advantage. For a reason. Yes, they have a significant advantage. But this is not going to be huge barrier to entry and they are not experts. They are out of their league on a lot of this and moving slowly. There will be new entries to the field. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 Vegas knows less about sports betting than Wall Street. I've heard it all now. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 You think most of Wall Street wants to touch < 5% margins. LOL. You've lost your mind. Oh yeah. They are getting in. Where there is money to be made on gambling, Wall Street will be involved. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 Vegas knows less about sports betting than Wall Street. I've heard it all now. Yes. Vegas knows almost nothing about online sports betting. Wall Street knows plenty about pricing options. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 Yes. Vegas knows almost nothing about online sports betting. Wall Street knows plenty about pricing options. LOL. The math on pricing options has ABSOLUTELY NOTHING in common with sports betting booking math. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 Oh yeah. They are getting in. Where there is money to be made on gambling, Wall Street will be involved. Uh huh. Sure. Everyone running toward the low hanging 2% margin fruit. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 10, 2018 Report Share Posted August 10, 2018 The reason Vegas doesn't generate openers is because they can get them for free. They did it for years on end. You should probably teach at Wharton too. The first mover advantage is massive. Great. You can find a few examples where it didn't work - all while ignoring the thousands of times it has. It's not called a first mover disadvantage. It's not called a first mover placebo effect. It's called a first mover advantage. For a reason. first mover advantage is a lot more clear when there are significant barriers to entry... otherwise there can be more disadvantages to first movers than advantages nobody uses tivo, myspace, infoseek, netspace, nokia phones, etc etc Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 LOL. The math on pricing options has ABSOLUTELY NOTHING in common with sports betting booking math.A sports bet is basically an option trade. There is very little difference. I used to explain it that way. They got it every time. Vegas is not going to be involved in running books though. Just in funding IPOs. They might get involved much later. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 first mover advantage is a lot more clear when there are significant barriers to entry... otherwise there can be more disadvantages to first movers than advantages nobody uses tivo, myspace, infoseek, netspace, nokia phones, etc etc Exactly. Nobody uses typewriters, pencils, abacuses, etc. either. Quote Link to comment Share on other sites More sharing options...
Bump City Posted August 10, 2018 Report Share Posted August 10, 2018 The reason Vegas doesn't generate openers is because they can get them for free. They did it for years on end. You should probably teach at Wharton too. The first mover advantage is massive. Great. You can find a few examples where it didn't work - all while ignoring the thousands of times it has. It's not called a first mover disadvantage. It's not called a first mover placebo effect. It's called a first mover advantage. For a reason.a few examples? Internet providers, online retailers, search engines, email services... on and on. In the modern business world focused around technology and information, first to market is not nearly as advantageous as it once was because first to market mistakes cost a lot of money. It's the case in much of the modern business world.. no where did I say it wasnt advantageous but it's certainly not as advantageous as it was in the brick and mortar, landline days. Quote Link to comment Share on other sites More sharing options...
Bump City Posted August 10, 2018 Report Share Posted August 10, 2018 first mover advantage is a lot more clear when there are significant barriers to entry... otherwise there can be more disadvantages to first movers than advantages nobody uses tivo, myspace, infoseek, netspace, nokia phones, etc etcyes, pretty much exactly my point. AOL, Yahoo... on and on. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 10, 2018 Report Share Posted August 10, 2018 Exactly. Nobody uses typewriters, pencils, abacuses, etc. either. hey i use a pencil every day! Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 Uh huh. Sure. Everyone running toward the low hanging 2% margin fruit. It's all going to be online. It is going to be a great business. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 A sports bet is basically an option trade. There is very little difference. I used to explain it that way. They got it every time. Vegas is not going to be involved in running books though. Just in funding IPOs. They might get involved much later. No. It's not. Not an options trade. At all. It's not even remotely close. Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted August 10, 2018 Report Share Posted August 10, 2018 You've lost your mind.He’s a pro troll. You guys are falling for it. But you are correct about the mind part. I’d wager he’s clinically insane. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 No. It's not. Not an options trade. At all. It's not even remotely close. That's why WSEX got involved in sports betting. They said it was basically options trading. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 a few examples? Internet providers, online retailers, search engines, email services... on and on. In the modern business world focused around technology and information, first to market is not nearly as advantageous as it once was because first to market mistakes cost a lot of money. It's the case in much of the modern business world.. no where did I say it wasnt advantageous but it's certainly not as advantageous as it was in the brick and mortar, landline days. You're talking about obsolete technology, guy. JFC. Someone came in as a first mover and beat the old technology. Good luck doing that in sports betting. That's like using an identical algorithm that Google uses for a search engine and thinking you're going to beat them in market share. Or get any at all. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 That's why WSEX got involved in sports betting. They said it was basically options trading. And look where they're at. Solid example. Cantor did pretty well with the same mindset. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 You're talking about obsolete technology, guy. JFC. Someone came in as a first mover and beat the old technology. Good luck doing that in sports betting. That's like using an identical algorithm that Google uses for a search engine and thinking you're going to beat them in market share. Or get any at all. This is more like Merrill Lynch and ETrade. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 And look where they're at. Solid example. Cantor did pretty well with the same mindset. It's very similar. Definitely not something they cannot do. But again, I'm referring to IPOs. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 This is more like Merrill Lynch and ETrade. Incorrect. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 It's very similar. Definitely not something they cannot do. But again, I'm referring to IPOs. How are you referring to IPO's? You were referring to options. Are you absolutely lost? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 How are you referring to IPO's? You were referring to options. Are you absolutely lost? No, you are. I said Wall Street would get involved. You said they could not do it. I said it is the same as options basically. But prior to that, I said I was referring to IPOs and not actually running casinos. They will be funding upstarts to a low barrier to entry business. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 10, 2018 Report Share Posted August 10, 2018 No, you are. I said Wall Street would get involved. You said they could not do it. I said it is the same as options basically. But prior to that, I said I was referring to IPOs and not actually running casinos. They will be funding upstarts to a low barrier to entry business. Yes. I am lost because not one fucking bit of what you're saying is based on reality in any sense of the word. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted August 10, 2018 Author Report Share Posted August 10, 2018 Yes. I am lost because not one fucking bit of what you're saying is based on reality in any sense of the word. I think I am running way ahead of you on this debate so far and will continue to do so. Quote Link to comment Share on other sites More sharing options...
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