Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players. However, that is not the Sport Derivative Exchange’s goal or purpose.
SDX seeks to provide an alternative to sports betting and fantasy sports. Sports fans have a lot of knowledge about the teams in their favorite sports leauges. Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based. SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.
Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players. However, that is not the Sport Derivative Exchange’s goal or purpose.
SDX seeks to provide an alternative to sports betting and fantasy sports. Sports fans have a lot of knowledge about the teams in their favorite sports leauges. Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based. SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.
As a comparison, take a look at ProTrade. They’ve been around for at least 4 years, and have a better idea of how to handicap individual players.
Do you think both classify as “exchanges”?
It looks like it from a cursory glance. In both cases, you can buy and sell,
and the prices appear to be set by market interactions rather than institutional
fiat. They both have a feedback mechanism based on “dividends” produced by
on-field performance. ProTrade has a sophisticated formula that takes into
account the players’ contribution to a winning season. SDX seems to base their
dividends purely on wins and losses. The latter is easier to understand, and
probably closer to the way most fans think about things. I think ProTrade is
justified in believing they are closer to capturing the individual athlete’s contribution.
There’s also the difference in betting on players or teams. I think both might be
helped by offering bets based on both players and teams. But until they cover
hockey, I won’t spend a lot of time there. I don’t want to have to start following
one of the major sports in order to bet in these play money markets.
ProTrade has a market maker, and SDX uses book orders.
[…] Chris Hibbert: […]
Thanks C. Masse for your mention.
Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players. However, that is not the Sport Derivative Exchange’s goal or purpose.
SDX seeks to provide an alternative to sports betting and fantasy sports. Sports fans have a lot of knowledge about the teams in their favorite sports leauges. Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based. SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.
Thanks again for the mention Chris,
Mudlucky for the SDX Team
As a comparison, take a look at ProTrade. They’ve been around for at least 4 years, and have a better idea of how to handicap individual players.
Do you think both classify as “exchanges”?
It looks like it from a cursory glance. In both cases, you can buy and sell,
and the prices appear to be set by market interactions rather than institutional
fiat. They both have a feedback mechanism based on “dividends” produced by
on-field performance. ProTrade has a sophisticated formula that takes into
account the players’ contribution to a winning season. SDX seems to base their
dividends purely on wins and losses. The latter is easier to understand, and
probably closer to the way most fans think about things. I think ProTrade is
justified in believing they are closer to capturing the individual athlete’s contribution.
There’s also the difference in betting on players or teams. I think both might be
helped by offering bets based on both players and teams. But until they cover
hockey, I won’t spend a lot of time there. I don’t want to have to start following
one of the major sports in order to bet in these play money markets.
ProTrade has a market maker, and SDX uses book orders.
[…] Chris Hibbert: […]
Thanks C. Masse for your mention.
Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players. However, that is not the Sport Derivative Exchange’s goal or purpose.
SDX seeks to provide an alternative to sports betting and fantasy sports. Sports fans have a lot of knowledge about the teams in their favorite sports leauges. Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based. SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.
Thanks again for the mention Chris,
Mudlucky for the SDX Team