The landscape for Internet gaming in Canada evolves Osler, Hoskin & Harcourt LLP

However, Augur struggled to gain significant traction due to high Ethereum gas fees and a lack of liquidity. Polymarket’s cumulative volume for 2024 has already surpassed $600 million, and its user base has grown to over 150,000. Notably, Polymarket is increasingly cited as a reliable source for gauging the probabilities of various events by mainstream media, demonstrating its growing influence and credibility in the prediction market space. Coming to peer-to-peer poker, the total cash wagers stood at around CA$130 million, accounting for about 2% of the total market share, and projecting an 11% decrease month-over-month.

Put differently, and more broadly, this can be thought of as a question around efficiency and liquidity in gambling markets, and what determines the bid-ask spread. These tools will allow you to assess market liquidity and make informed betting decisions. A CFTC rule prohibits offering event contracts related to “gaming,” which Kalshi argued in court filings last year applied to sports. At the time, 1xbetofficialwebsite.com the company was facing scrutiny from the Biden administration about its offerings on political elections. Currently, platforms like Polymarket thrive on events such as elections and the Olympics, which do not occur frequently and may only generate short-lived interest.

BetOven uses artificial intelligence to scan hundreds of matches and thousands of odds across different markets in real time. When it detects that a bookmaker has made a mistake in setting a line or odd, it places an automatic bet before the bookmaker corrects it. On the other hand, more specific or “exotic” markets, like the exact number of corners or yellow cards, tend to lack liquidity. If you fail to check the liquidity before placing a lay bet, you might end up with an unmatched or partially matched bet.

The Illinois Gaming Board told ESPN it “considers the so-called sports events contracts offered by U.S. Commodity Futures Trading Commission (CFTC) registrants to constitute unlicensed and illegal sports wagering activity.” “Now, could they say they want to do it outside of those states? Absolutely,” he said. “But gambling licenses are not things to mess around with. I would not go into prediction markets on a federally regulated market without having some kind of certainty about the outcome.” Kalshi is available to anyone over 18, and because it is regulated by the Commodity Futures Trading Commission, it can operate in all 50 states, including California and Texas, two states that have not legalized betting.

• Just see how Bet Angel is showing you what amount of money was traded (back or lay) in the last seconds or minutes.
• Certain matched betting tools like Outplayed offer real-time data on liquidity and odds across various betting exchanges.
• To maximise liquidity in sports betting, it is also useful to use specialised tools and platforms that allow you to access a wide variety of markets and odds.
• As you can see, there is a massive £3,116 of liquidity available on the selection that we need to lay on Smarkets (displayed on the image above).

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While learning about liquidity will only aid you in your matched betting journey, there are still plenty of other topics to broaden your knowledge of. For example, BetOven is an automated sports betting platform that uses artificial intelligence to identify the best betting opportunities in different markets and events. FanDuel and DraftKings referred ESPN to remarks from their CEOs during earnings calls when contacted for comment, as did ESPN BET. (PENN Entertainment operates sportsbook ESPN BET as part of a partnership with ESPN.) Gambling regulators from Nevada, Arizona, Maryland and New Jersey, all of whom sent Kalshi cease-and-desist letters, declined to comment.

What is Liquidity in Matched Betting

Bettors can place bets confidently and without artificial restrictions – something which often frustrates high-stakes players, especially during major sporting events. Using its proprietary trade execution engine, Cloudbet aggregates the liquidity of the largest sportsbooks and operators worldwide into a pool of global liquidity capable of handling bets no other operator could feasibly trade. For bettors, this means access to the largest pool of sports betting liquidity available anywhere, enabling bets of virtually unlimited size. This indicator is best used for predicting the liquidity of a particular selection rather than the whole market. Often the favourite will enjoy all the attention of bettors, leaving underdogs with nothing to offer in terms of a matched bet.

Liquid and Illiquid Markets in Sports Betting: An Edge with BetOven

Beyond liquidity, events with more precisely well-known mathematical odds should also be more efficient markets, and this should again be reflected in tighter spreads. As an example, one of the popular Super Bowl prop bets offered every year is whether the coin toss will be Heads or Tails. Prop bets (or derivative bets) tend to get less action than most ‘regular’ bets, and they usually have larger vigs to reflect the fact that they’re less efficient markets. But this is an obviously proposition, it’s a literal coin flip – and I think every time I’ve seen the prop offered, it’s been a -105 bet8 on either side, reflecting that fact. One particularly interesting ‘less liquid’ example is in futures betting,10 which has two real wrinkles to deal with.

In the image below, you can see that the amount of liquidity (money available) at the lay odds of 1.33  is £5040. Moreover, specializing in specific sports or leagues where you possess expertise can provide a competitive advantage in the market. It affects everything from whether your bets will be matched to how much profit you can make. It’s generally better to place your bets closer to event start times when more bettors are active. You may be tempted to place bets in niche or obscure markets where odds might initially look favorable.

First, time lag – these events are all things that happen in the future, not today, and the correct probabilities will evolve over time. Secondly, these are typically not 1-on-1 outcomes; there’s a whole field of potential options.11 As such, getting to “equilibrium” is a lot harder because it’s not about A vs B, it’s about A, B, C… to Z all being reasonably efficient prices. Liquidity is a lot harder because even with a lot of people betting, there’s no guarantee you’ll receive enough volume on each individual possible outcome of the futures market for the prices to be accurate; it’s a lot easier for a few to be out of whack.