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> There is no real market participant who could benefit from hedging in sports betting. The entire local economy surrounding sports venues. For a small bar or
by thwayunion 4y ago
> There is no real market participant who could benefit from hedging in sports betting.
The entire local economy surrounding sports venues. For a small bar or restaurant near a stadium, the difference between a good season and a bad season can be huge. This is magnified to the nth degree in places like Green Bay, WI where renting out one's home for a single at home post-season game can easily net a family several month's worth of mortgage payments.
- luckylion 4y agoAnd all advertisers who have contracts with the teams, all shops selling their merchandise, and they'd all have a large interest in hedging their bets.
- initplus 4y agoSure, but this is a way that sports betting is less like gambling and more like legitimate risk management for some businesses.