Betting Syndicate
Betting Syndicate, sounds serious, right? Does it only sound that way, or is it actually a serious, big deal? So, betting syndicate refers to a certain group of players who form a certain organization, more or less organized, whose goal is to combine efforts to maximize betting profits. The scale of combining efforts, can vary greatly, from joint financing to exclusively typing matches. There is no single definition. Also, the number of people in such an organization is not limited by anything. So, in theory, a syndicate can already be a group of 2-3 people, as well as a group of 200 people. Also, the financial turnover can vary significantly between syndicates and be at the hobby level to multi-million dollar levels. So the definition itself in its nature is very broad from interpretation.
So as you can see, in pure theory, a syndicate can be called a group of fans betting without analysis, on low stakes to add excitement, as well as a group, looking for the value of the odds, knowledgeable about the flow of odds quotes and many other things. We are interested in the latter definition, that is, a professional organization that knows what it is doing. Of course, the first example is absolutely nothing wrong, the hobby is a great value and we applaud it, but on our site we are focused on taking betting seriously, and here, in addition to the hobby, there is primarily a search for added value.
Where do they bet on such organizations
The specifics of betting syndicates clearly show what such groups are looking for. These are the highest possible limits on stakes, which are sometimes huge. Of course, also key are high odds loaded with the lowest possible margin. And above all, the use of bookmakers who accept winning players. In today’s world, the vast majority of bookmaking companies are geared towards recreational players and in the case of big or small, smaller winnings are usually enough, the account is limited sometimes to ridiculous numbers like 1 euro per bet. Thus, this vast majority of betting sites are beyond the interest of betting syndicates. Sites intended for syndicates are large exchanges, large Asian bookmakers. Betting syndicates gain access to professional bookmakers through brokers like Asianconnect or BetInAsia. Syndicates usually have accounts with more than one broker. Access to brokers with the highest rates and full player freedom is free for any player. You don’t have to be in a syndicate to benefit from what they do.
Impact of betting syndicates on odds
Large betting syndicates can affect the fluctuation of odds. This fact is unlikely to surprise anyone. After all, you yourself can influence the fluctuation of the odds, betting high on any bet, you can make the odds for this event sleep. On the opposite it will increase. This is how professional bookmakers operate, using so-called dynamic odds, so it doesn’t matter to them whether the player wins or not. Recreational bookmakers only copy the odds from professional operators. This is easy to notice, because when the odds drop at a professional bookmaker two minutes later it is the same at many recreational companies. So if you, me and any other player, can lead to fluctuating odds by betting at a solid bookmaker at a high rate, it’s obvious that a betting syndicates can do it on an even larger scale. What effect does this have on the ordinary player? None, once losing on a lower odds, the next time gaining on a higher one, probably the final balance for the player will come out around zero. If you’ve been watching the odds, you’ve probably more than once encountered a rapid drop in odds at the leading bookmakers setting the odds. Perhaps this was related to the activities of betting syndicates.
Are betting syndicates legal
As a rule, yes, they are in most cases legal and in accordance with the rules of bookmakers. Of course, we exclude here the factor of limiting players by recreational bookmakers then nothing prevents you from betting with friends or creating such an organization. However, there is the other side of the coin. Betting syndicates can often involve illegal activities. An example of this is the now old but high-profile case of match-fixing in the UK. Jimmy Gauld, a Scottish footballer, was at the head of a group setting up matches, which they then bet on, earning big money. Another example would be The computer groups, founded by Michael Kent and Dr. Ivan Mindlin. The former was fascinated by computers and mathematics. The second was a retired surgeon. In the 1980s they recruited many professional players to their group, including Billy Walters. The group primarily bet on American college football based on statistics and the use of computers. Keep in mind that this was the 1980s and computers were a novelty. The group made tens of millions of dollars. In the near future we will publish here detailed descriptions of various betting syndicates from America, Asia and Europe about which there is information available. It seems to us that such information can be interesting from the point of view of pure curiosity as well as betting information that you can use for your own purposes.
Such a situation is illegal and against the bookmaker as well as the law in most, and probably in virtually every location. Thus, small collegiate syndicates are perfectly legal. Large organizations trading millions also, but bookmakers will block or limit such accounts, also these organizations bet with the aforementioned brokers. And, of course, the last group related to match-fixing, etc., obviously not legal. As you can see, under one term there are many different, completely different definitions.