Jerry Jones: Sports betting will increase value of NFL TV rights by 50%

[LeHab]

Jerry Jones: Sports betting will increase value of NFL TV rights by 50%

Coming from a prominent team owner, take it obviously with a big grain of salt. Nevertheless looking forward how NFL will take advantage of betting opportunity.

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[viper0220]

A little off topic but is sports betting even profitable for the betting individuals?

 

[LeHab]

A little off topic but is sports betting even profitable for the betting individuals?

Depends on how you define profitable. From a purely financial point of view, the house over a large sample will make it's money (or go out of business) which comes from someone and that is individuals.

For many, betting enhances overall experience which is alluded in the article as fans are expected to be more engaged. There is more on the line than simply W/L of your team. This is what some value to offset long term financial losses.

A few individuals and groups have very extensive info gathering/analytical tools and be financially successful over a long term. Unlike a pure luck casino game there are multiple factors that can influence the outcome.

 

[viper0220]

Depends on how you define profitable. From a purely financial point of view, the house over a large sample will make it's money (or go out of business) which comes from someone and that is individuals.

For many, betting enhances overall experience which is alluded in the article as fans are expected to be more engaged. There is more on the line than simply W/L of your team. This is what some value to offset long term financial losses.

A few individuals and groups have very extensive info gathering/analytical tools and be financially successful over a long term. Unlike a pure luck casino game there are multiple factors that can influence the outcome.

Like what? I really want to try my hand at this.

 

[LeHab]

Like what? I really want to try my hand at this.

Think anything that can influence the outcome - injuries, trades, lineup changes, weather...

I recall watching the following documentary on a successful gambler a few years ago.



He talks a bit about his approach. I'm sure if you research around you will find a lot more info.