Capital Allocators – Inside the Institutional Investment Industry Michael Schwimer - Sports Betting at JAMBOS (First Meeting, EP.08)
Sep 16, 2019
Michael Schwimer, CEO of Big League Advance (BLA) and JAMBOS, dives into the world of sports betting driven by analytics. He discusses the innovative strategies behind BLA's growth and introduces JAMBOS, emphasizing transparency and accountability in betting. The conversation explores the impact of sports analytics on predicting game outcomes and the evolving landscape of sports entertainment. Additionally, he shares insights into the growing use of data in sports decision-making and its influence on future broadcasting trends.
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Jambos' Origin
- Schwimer's team brainstormed new applications for their sports analytics models.
- They realized their strength was predicting game outcomes, leading to the creation of Jambos, a sports betting service.
Jambos' Early Success
- Jambos started with college basketball, achieving a 59% win rate against the spread.
- This win rate translates to being up approximately 140 units.
Expected Points vs. Actual Points
- Jambos uses detailed data to calculate expected points rather than actual points, eliminating noise from unlikely events.
- This data-driven approach allows for more accurate predictions of game outcomes.