Definition

An organized group of bettors who pool resources and information to wager on sports. Betting syndicates often have teams of analysts (and runners) placing large coordinated bets. Their action can cause major line movements when they hit the market.

Formula

Example

A famous betting **syndicate** might decide Crawford +160 is great value, and simultaneously bet it across many sportsbooks for the maximum allowed. This wave of money from one coordinated group will shift the odds. Syndicates (or “rings”) operate like investment groups, treating betting as a business.