Sky and betting

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Groucho

Groucho

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Obviously here at GOT we'd like you to bet with Paddy Power, but what are your thoughts on Sky having a betting arm?

Is it right for them to be able to report rumours then take money in via a betting operation?

Is it harmless fun?
 

Couldn't agree more - ' breaking news' or ' sky sources' give out any old rumour followed by 'odds have been slashed to......' hoping people pile on as a dead cert when they know all along they have made it up!!
 
Have to agree Grouch mate.

I have the app on my phone, not to make bets on, don't even have an account but to see trands and that type of thing. It's madness really.
 
the esk said:
In the back office, their content management systems are integrated with their trading platform. Don't need to say anymore really...
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And I think that's fundamentally wrong. An excellent money making model, but ethically wrong.

Which one influences the other?

I'm not anti gambling or Sky, by the way. And don't forget to use Paddy Power - @GrandOldTeam will provide you with a GOT/Paddy Power link if you ask nicely.

My gripe here is with Sky, specifically the news reports and money-taking being cynically co-ordinated.
 

the esk said:
In the back office, their content management systems are integrated with their trading platform. Don't need to say anymore really...
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This.

Had a mate who worked as an IT contractor in one of their " control rooms ".
He said if it was the stock market they would be shut down due to the way they could manipulate everything in their favour instantly. However they weren't breaking any rules at all.
 
I'd imagine it goes on all the time with betting companies and the printed press in order to help lubricate advertising deals etc. I don't think there's a lot of ethics in the gambling game.
 
Having a supposed 'news' channel that's working in tandem with their betting platform is morally and ethically wrong.

However, the amounts of money that make up the book on transfer market bets are very small in the grand scale of things, and the limits per bet are also low on most of the markets. Half a dozen of us putting £50 now on player X to join club Y would result in a rapid shift in the odds in that market, it's piddling numbers.
 
Foot Long Hot Dog said:
Having a supposed 'news' channel that's working in tandem with their betting platform is morally and ethically wrong.

However, the amounts of money that make up the book on transfer market bets are very small in the grand scale of things, and the limits per bet are also low on most of the markets. Half a dozen of us putting £50 now on player X to join club Y would result in a rapid shift in the odds in that market, it's piddling numbers.
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Their business model is highly skewed towards small impulse bets rather than more serious, experienced or professional punters.

Highly successful though, and sadly hits those that can least afford to gamble.
 

What gets me is, and what got me thinking, was that at what point does the reporting of Chelsea's Stones bid become biased toward their own profit, yet to our detriment, as opposed to remaining neutral and factual?
 
Groucho said:
What gets me is, and what got me thinking, was that at what point does the reporting of Chelsea's Stones bid become biased toward their own profit, yet to our detriment, as opposed to removing neutral and factual?
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A particular news report from Sky or a third party (they carry news from 3rd party sources) will tend to influence the prices offered (ie the trading platform will adjust prices to reflect a story).

If there is particular interest in a specific market such as a transfer, their content management systems can source articles from Sky and elsewhere and deliver them to their web pages in order to attract bets related to the bias of the article.
 
Basically I just don't think Sky should be allowed to have a betting arm as well as a news reporting arm.

Went all round the houses for that one, eh?
 
Good article here

http://www.independent.co.uk/sport/...-is-there-a-conflict-of-interest-8807662.html

The pattern which unsettles so many people runs thus: Sky runs a story. Sky Bet pops up with the odds on screen or on Sky's Twitter feed. Punters throw money at the story. Sky Bet cuts the odds. And then Sky says the story has evaporated. Or, as someone put it on Twitter last week: "Oi @SkySportsNews, how much money did @SkyBet just make after you reported Man Utd wanted Mesut Ozil?"
 
I am quite anti-gambling (although I used that PaddyPower Wolfsburg offer for an easy £50!) and I think this is particularly low.

Every organisation with Murdoch at the helm is bent even by industry standards, newspapers, television and now betting.

The Sun
Fox News
Kay Burley
Dodgy betting practices.
 

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