About this video

• Video Title: Bet The Process Talks the Latest on Prediction Markets
• Channel: Bet The Process
• Speakers: Geoff, Rufus
• Duration: 46:57

Overview

This episode of Bet The Process features Geoff and Rufus discussing the evolving landscape of prediction markets, their intersection with sports betting, and personal betting insights. They cover the potential for traditional trading principles in sports betting, review recent college football and NFL futures, and delve into the business models and future of prediction markets, including recent developments and regulatory considerations.

Key takeaways

• Prediction Markets and Traditional Trading: The conversation highlights how prediction markets in sports betting offer opportunities to apply traditional trading principles due to less mature markets and unique pricing.
• College Football Futures: Geoff and Rufus discuss their current college football futures bets, including Indiana at 40:1, Texas Tech at 50:1, and Texas A&M at 36:1, and their updated power rankings.
• NFL Power Rankings: Geoff shares his NFL power rankings, with Detroit at #1 and Seattle at #3, sparking a discussion about whether his rating for Seattle is "off market."
• Sportsbooks and Prediction Markets: They analyze the potential for sportsbooks to act as market makers on prediction markets, discussing the implications for risk management and liquidity.
• Regulatory Landscape: The speakers touch upon the regulatory environment for prediction markets, citing the CFTC's role and the recent acquisition of a prediction market by DraftKings.
• Chris Deerkis Joins No Vig: The addition of Chris Deerkis to the No Vig team is discussed as a potential move towards more institutional market-making.
• College Football Picks: Geoff provides his picks for the upcoming college football weekend, focusing on Indiana vs. UCLA, Oklahoma, and Wisconsin.

Yes, they discuss NCAA football picks. Geoff provides three picks for the upcoming college football weekend:

• Indiana against UCLA (he bet at 24, 24.5, and 25, and it's now 24.5).
• Oklahoma (he bet at 4.5, and it's now 5.5).
• Wisconsin as a significant underdog against an unnamed opponent (he bet at 34.5 and 34, with his model rating them at 26).

Yes, Rufus does have picks for the current week discussed in the video. He mentions:

• Louisiana Tech and the over (which resulted in a split).
• Kennesaw with no total.

He also mentions that he lost on a Louisiana Tech moneyline bet he had placed.