NBA Betting Model - Beating the House
$150 billion per year. According to legalsportsbetting.com , that’s a conservative projection for the monetary size of the betting industry for 2021. To put that into context, that is higher than the market capitalization of Starbucks. By 2025, marketwatch.com estimates $8 billion in yearly revenue on its own in the sports betting industry. That is like buying over 420 Bitcoin per day for an entire year (as of the 4/23/2021 BTC price). The prevalence of online betting platforms and apps – like FanDuel and DraftKings – make it extremely easy and fun to bet on any given game or player. The increased interconnectivity amongst sports league and sports media outlets also engenders increased exposure to the betting landscape. For instance, ESPN recently aired a “ BetCast ” stream for a Philadelphia 76ers vs Brooklyn Nets primetime game featuring graphics and statistics throughout of various prop bets and odds. Once a taboo in sports talk shows, a viewer can now rarely get through a