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For problem players, online may actually be safer than hitting the casino. You’d think the anonymity of the internet would make it is easier to get away with risky habits. But Joel Simkins argues that digital platforms have an edge in responsible gaming because they track every bet and click, spotting risky behavior faster than a pit boss ever could. Without digital trails, it's tough identifying and assisting at-risk players consistently. The advantage extends beyond player safety to overall compliance. Every online interaction leaves a traceable footprint, making it easier to maintain a secure gaming environment. What do you think is the safer way to play? Online or at the casino? Watch my full interview with Joel Simkins, CEO and Founder at XST Capital Group LLC, here: https://lnkd.in/eEGTsYj8

Customer acquisition tactics haven't quite gotten out of hand yet, but we need to keep it that way. Joel Simkins warns the industry to avoid practices that: 1. Hurt sustainable profitability 2. Harm the industry's reputation We also can't forget about the kids. Joel's 13-year-old son is already noticing the star-studded TV ads. It's our responsibility to be sensible with promotions and invest in responsible gaming efforts. The sweet spot lives somewhere between appealing promotions and ethical marketing standards. Let's work together to make sure the next generation sees sports betting as a way to make watching the game a little more fun, not a viable path to getting rich.

This former investment banker is betting on digital gaming's underdogs. Joel Simkins was a top-ranked gaming analyst who’s seen the industry from all angles. Now, as Founder & CEO of XST Capital Group LLC, he's putting his 25 years of experience to work in order to fill a crucial gap: supporting promising but overlooked companies in the digital gaming space. On the latest episode of Linecraft, Joel unpacks the current state of sports betting. He dives into how newcomers are making waves, unexpected sports gaining traction, and why big companies are suddenly eyeing smaller outfits in the space. Here are some of the other topics he touches on: - XST Capital's launch and market insights - Balancing innovation with responsible gameplay - The surge in sports analytics platforms - iGaming's impact on the industry - Next-gen sports betting tech You can watch the full episode with Joel at https://lnkd.in/eEGTsYj8 to learn more.

Math Whiz + Sports Fanatic = Matt Buchalter, AKA @plusEVanalytics on Twitter. Matt's got the brains of an actuary and the instincts of a poker champ. From topping worldwide poker rankings to crunching numbers for horse racing syndicates, Matt knows a thing or two about taking calculated risks. In the latest Linecraft episode, Matt draws from his experiences in quantitative analysis and gambling to break down how data-driven approaches are transforming the industry. He explores the tensions between innovation and regulation, the changing dynamics between operators and players, and the potential future trajectories of the market. Here are some of the other topics that were covered: - Analytics vs. Intuition in Betting - Correlated Parlays Explained - Live Betting: Opportunities and Pitfalls - The Future of Betting Exchanges - Sharper Players and Market Efficiency - The Bettor's Rights Debate - Sports Betting's Poker Boom Moment Catch the full episode with Matt Buchalter, now live at: https://lnkd.in/eEGTsYj8

Novig is transforming the industry by launching the first national sports exchange. No more betting against exploitative sportsbooks. When you play on Novig, we connect you with other users in the community so you get 3-5% better odds and a fair shot at winning. Our peer-to-peer exchange model means you're no longer limited to playing against the house. → Bet where winners are welcome and you’re 10x more likely to win compared to other sportsbooks → Offer your own odds and let others bet against you → Compete directly against others in the Novig community For the everyday sports fan, it's like your sportsbook but with prices 3-5% better across the board. No more lining the pockets of massive operators. Join the movement and check us out at https://www.novig.us/

Co-founder & CTO of Novig, Kelechi Ukah, had some interesting thoughts about online echo chambers on the latest Linecraft. He emphasized that even if you’re someone that reads widely, your views are still skewed by the sliver of opinions the algorithm feeds you. Those hot takes that don't drive engagement end up lost in the digital void, hidden from your timeline. So good luck factoring those into your worldview. Kelechi’s points speak to the paradox of digital wisdom. In an age of infinite feeds, wisdom may mean embracing what we don't know. We may be swimming in information these days, but the reality is we only see our little curated slice. Definitely a perspective shifter that will have you re-examining your own blindspots and biases. — How do you step outside your own algorithmic bubble? If this hits home for you too, Kelechi has tons more insights to share in the full episode. Tune in for the full conversation at novig.us/linecraft

In the latest episode of Linecraft, we dove into the world of prediction markets with Kelechi Ukah, co-founder and CTO at Novig. We explore the intricacies of these markets, their role as potential sources of truth, and the complex factors that influence their effectiveness. From the mechanics of bounded prices to the impact of participant behavior and liquidity, we cover a wide range of topics that shed light on the assumptions and challenges inherent in prediction markets. We also touch on the interplay between narratives, human sentiment, and market outcomes, offering our takes on how these forces shape our understanding of the world around us. Here's a glimpse: – Prediction Market Mechanics – Assumptions Driving Market Efficacy – Narrative-Driven Price Movements – Event Sensitivity to Sentiment – Challenges of Belief Calibration – Ideological Diversity and Real-World Interactions

We're building the first prediction market for sports. Simple as that. When you play on Novig, instead of betting against the house, you’re matched directly against friends or strangers. We give you the industry’s best prices and if you don’t like the odds you see, we let you be the bookmaker, offering your own odds and competing against real people in the Novig community. This means you can: - Be a price maker, not just a price taker - Join a level playing field through a two-sided marketplace - Experience a more social, transparent, and fair environment For casual players, it's like DraftKings or Fanduel but with 5% better prices across the board and a more social way of betting. For more advanced players, it means greater EV, no limits or lockouts, and a trading experience you would expect on a prediction market or stock market. Check us out and learn more at https://www.novig.us/

Hiring a Finance & Operations Director to join the Novig team in SoHo, NY as we gear up for a nationwide expansion. If you have a passion for sports and markets, strong analytical skills, and a desire to wear many hats, reach out!

When it comes to analytics and model building, sophistication isn't everything. Try focusing less on the complexity of the models themselves and more on: → Formulating the right questions to answer → Developing strong fundamental ideas → Prioritizing quality data inputs over fancy techniques Even the most intricate model will only perform as well as the information you feed it. The true art lies in clearly defining the core problem you're trying to solve. Framing that central question thoughtfully is what guides you to meaningful insights. So resist getting swept up in the allure of elaborate methods and mathematics. Instead, strive for simplicity and clarity of purpose in your work. — How do you balance the technical demands of modeling with strategic thinking? Shoutout to Judah Fortgang, R&D & Betting @ PFF, for joining us on this week’s episode of Linecraft: novig.co/linecraft