Lots of discussion on media coverage of BIG BETS this week. They’re click-bait-y. Novel. Maybe there’s some envy or schadenfreude at play. But that’s not the real issue. The problem is how operators control media coverage.
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I don’t find big bets nearly as problematic as, say, coverage of someone hitting a 12-leg parlay, but the reason we are inundated with this type of coverage is the same: the operators are deciding what is newsworthy and what isn’t.
The issue is pretty fundamental. Most sports betting media entities exist only because of operators. They are literally paid by operators. That’s how the affiliate model works. Would we be ok if a newspaper covering the Trump White House were funded by the administration?
We’d expect some bias, wouldn’t we? As a result, the sports betting media is mainly a marketing arm for operators right now. Journalists have relationships with operators, who feed them information they want published. Operators understand the accessibility bias & exploit it.
Back to that 12-leg parlay. Operators *love* the 12-leg parlay because their theoretical hold multiplies as the number of legs on the parlay increases. Do operators want to see parlay success stories covered? YES!
How often do you see stories in the newspaper about people winning the lottery? Not often. And when you do, it’s more likely than not about the calamities that have befallen said lottery winner since their big score.
State lotteries would love to see media coverage of someone winning $20,000 from a $5 scratch-off ticket at their local 7-Eleven. But media outlets don’t get a referral fee when Joe Reader plays the lottery.
I don’t think every sports betting writer is a lapdog for operators. This is a bigger issue. It’s systemic. It’s structural. It’s a problem of incentives & power. And I don’t know the solution. But I would encourage sports betting media to try a different angle & see what sticks
There is an appetite for something different. The popularity of @capjack2000's parlay math tweet thread is strong evidence of that. Give us, the consumers, the chance to read something that doesn’t make us feel used.

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When thinking about who to play in DM for Leeds the word "role" is important. Let's have a think about the role:


A lot of people think Struijk isn't good enough in the build-up phase. Well, what does the DM do in build-up?

Here's a passing network from last season:


As you can see, Phillips' role in the Championship last season was largely facilitating build up in the wide area (on the left interestingly).

Per Wyscout, Phillips is putting up a figure of 7.03 long passes per 90 minutes and completes around 59%. Last season he was making 6.94 long passes per 90 mins at around 52%.

Per dribbles he's putting up similar numbers across both seasons (between 1 and 1.5 p90) and per duels he's putting up the same number (20 p90).

All of this suggests his role hasn't changed much over the last couple of seasons.

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.