States like Delaware and New Jersey are making great progress with bringing this into the mainstream and realizing the potential benefits through taxation of a billion dollar industry that will continue to grow with, or without, government involvement. The revenue will either stay in the US or go offshore.
Austin, TX (PRWEB) July 29, 2009
If Vegas and online bookmakers didn't already have enough to worry about with the slumping economy, the newest threat to their bottom-line is creating a massive frenzy around the world, and people are lining up to start waging the assault. The release of an accurate sports betting system created by a math genius is shaking up the markets everywhere.
What is now being called the, "The Vegas Nightmare" is attracting media attention from everywhere.
What began as a hobby by an investment bank trader has turned into a global business aimed at beating Las Vegas odds makers at their own game, by using mathematical and analytical tools to exploit the weaknesses in lines-set by professional odds makers. What started out as whiteboard brainstorming over the weekends, while the games were on TV, has turned into a major threat to the bottom line of online and offshore operations around the world. Charlie Davis and his team are now a dominating force in the world of professional sports handicapping and sports trading. Operating this global business from now, three offices stretching across Australia, Texas, and Canada.
A business that carries some social stigma in the United States is now being viewed much differently in parts of the United States as a viable and certainly comparable business to day trading or any other investment vehicle. This business of "Professional Sports Trading" or "Sports Spread Trading" continues to flourish in Europe, Australia, and Asia, and with a firm with the analytical and trend analysis tools like Charlie's, the sky seems to be the limit.
When asked about the market impact and his growing US client base, Charlie said: "It only makes sense that business opportunity seekers; and, especially those with day trading backgrounds, see the parallels in both markets. Our approach is 100% methodical and we try to eliminate the emotions that are generally associated with sports. You are simply not going to find the corruption and certainly the swings you do trading the financial markets…. It just isn't there and will not be."
Charlie went on to give his insight on the changing regulations that are being seen in the marketplace: "States like Delaware and New Jersey are making great progress with bringing this into the mainstream and realizing the potential benefits through taxation of a billion dollar industry that will continue to grow with, or without, government involvement. The revenue will either stay in the US or go offshore."
As a way of understanding exactly how his business works, a close industry source summed it up: "Take a math genius; take a billion-dollar market; eventually he is going to find a way to get a piece of it. We just didn't plan on him having clients."
Needless to day, this is certainly shaking up the market and it is unclear how long memberships to his system and the availability of information will last.
More information can be found at The Vegas Nightmare