The next panel at the SAC features the always entertaining Jeff Ma of 21 fame.

Update: A picture of the panel.

Update: Andrew Garrood works for bookmakers, coming up with better algorithms to calculate point spreads. That makes it toughet for bettors to beat spreads. The world is moving toward more in-game betting. It’s fifty percent now.;

Update: Analytics is the special team coaches of 1960’s.

Update: Jeff Ma says the down side of gambling is losings your fandom.

Update: Young people taking over gambling like they took over investment banking.

Update: Jeff Ma points out how new this field is. He’s 38, and he didn’t have the internet in college.

Michael Konik points out that sports analytics grew out of gambling analytics. An early computer group killed bookies, discovering numbers that worked.

Update: Don’t buy picks. The people who sell them don’t bet!

Update: Ubiquitous gambling could help spur hedge funds based on gambling, which could help teams insure against risk.

Update: Andrew wants to see betting data next to the stock prices.

Update: Wisdom of crowds works everywhere but sports. One theory is to bet against the majority.

Update: There are more political than legal barriers to gambling markets.

Update: This panel was good, but they didn’t live up to the title. People who invent ways to beat the odds want to keep the ideas to themselves.