Accountability is Crucial To Building Trust for Sports Bettors
The sports betting industry has seen tremendous growth and profitability ever since the Supreme Court legalized gambling in 2018. Problem is, anyone with a twitter and venmo account can proclaim to be the best sports handicapper in history and overcharge people for their picks.
As Jim Cramer said on Bull Market Fantasy, accountability and transparency, is a crucial quality in any industry but none more than right now during the infant stages of legalized sports gambling. As he's seen time-and-time again the world of finance, most people only talk about their wins and when it comes to their losses, they suddenly go silent.
That has never been our approach on BMF. Whether we go 8-0 or 0-8, we always start our show the same way, reviewing our wins and losses. Not only is it important to remind people to take the losses in stride with the wins, but by holding ourselves accountable we aim to build a trust with our audience. We know your hard-earned money is at stake when you play DFS or wager on sports and the last thing we want to do is see you lose it. So not only are we proud of our 62% winning percentage (most professional gamblers are profitable with a 54% win percentage) but we can rest with a clear conscience knowing we always remain honest and open with our loyal followers.
That's why both Cramer and Bill Enright were eager to speak with SharpRank.com founder, Christopher Adams. Sharp Rank's mission is "providing the best independent, cross-sport performance ranking system of professional sports gamblers." In other words, they rate gambling analysts based on their picks.
Any legitimate source of gambling analysis should welcome SharpRank.com with open arms, especially when it comes to those with an impressive winning percentage like us at BMF. But any social media gambling tout that tells 50% of their members one play but the other 50% the opposite, would hide from the transparency that SharpRank requires.
SharpRank has a proprietary algorithm that tracks picks for anyone on their platform and all analysts are then given a rating, similar to the player rating system in Madden.
Adams told BMF he created SharpRank after dialing a 1-900 betting service and feeling like he got ripped off with the bet he was provided. Now more than five dozen gambling analysts are ranked by SharpRank and the number is growing every week.
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL).Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO) or 1-800-BETS OFF (IA).21+. NJ/IN/WV/PA/IA/CO/IL only. Odds may vary. Eligibility restrictions apply. See draftkings.com/sportsbook for details. am not an employee of DraftKings and do not have access to any non-public information. Opinions expressed are solely my own and do not express the views or opinions of the company or SI,TheStreet,BMF