WAGERBIRD® Alpha Academy · SMT 100 First Principles · Part I: The Structure of Sports Markets
Included with every Alpha Terminal planLesson 11
Who regulates what
The three venues answer to three different sets of rules. Sportsbooks are licensed state by state. Prediction markets answer to the CFTC. Pick'em apps fall under each state's fantasy law.
WAGERBIRD® ALPHA ACADEMY
Included with every Alpha Terminal plan.
Read the full Academy with an active seat: Alpha Plus ($99/mo), Alpha Pro ($199/mo), Alpha Max ($349/mo), or Alpha Desk ($2,995/yr). Want to read a sample first? SMT 101 Lesson 01 is open to everyone.
SMT 100 · Part I: The Structure of Sports Markets (12 lessons)Full course syllabus ↗
- 01Three markets, side by sideRead ↗
- 02The sportsbook and its wager slipRead ↗
- 03Odds formats and probabilityRead ↗
- 04The vigRead ↗
- 05Spread, total, moneylineRead ↗
- 06Props and parlaysRead ↗
- 07The prediction market contractRead ↗
- 08Orders and selling earlyRead ↗
- 09The pick'em entryRead ↗
- 10Limits and exitsRead ↗
- 11Who regulates whatRead ↗
- 12Opening and running accountsRead ↗