Sports Derivative Exchange

No Gravatar

Sports Derivative Exchange

A kind of HSX for sports.

In beta.

Best wishes to them.

UPDATE: The SDX co-founder has a comment.

10 thoughts on “Sports Derivative Exchange

  1. Chris Hibbert said:

    As a comparison, take a look at ProTrade. They’ve been around for at least 4 years, and have a better idea of how to handicap individual players.

  2. Chris F. Masse said:

    Do you think both classify as “exchanges”?

  3. Chris Hibbert said:

    It looks like it from a cursory glance.  In both cases, you can buy and sell,

    and the prices appear to be set by market interactions rather than institutional

    fiat.  They both have a feedback mechanism based on “dividends” produced by

    on-field performance.  ProTrade has a sophisticated formula that takes into

    account the players’ contribution to a winning season.  SDX seems to base their

    dividends purely on wins and losses.  The latter is easier to understand, and

    probably closer to the way most fans think about things.  I think ProTrade is

    justified in believing they are closer to capturing the individual athlete’s contribution.

    There’s also the difference in betting on players or teams.  I think both might be

    helped by offering bets based on both players and teams.  But until they cover

    hockey, I won’t spend a lot of time there.  I don’t want to have to start following

    one of the major sports in order to bet in these play money markets.

    ProTrade has a market maker, and SDX uses book orders.

  4. ProTrade vs. Sports Derivative Exchange | Midas Oracle .ORG said:

    […] Chris Hibbert: […]

  5. Mudlucky said:

    Thanks C. Masse for your mention.

    Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players.  However, that is not the Sport Derivative Exchange’s goal or purpose. 

    SDX seeks to provide  an alternative to sports betting and fantasy sports.  Sports fans have a lot of knowledge about the teams in their favorite sports leauges.  Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based.  SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.

    Thanks again for the mention Chris,

    Mudlucky for the SDX Team

  6. Chris Hibbert said:

    As a comparison, take a look at ProTrade. They’ve been around for at least 4 years, and have a better idea of how to handicap individual players.

  7. Chris F. Masse said:

    Do you think both classify as “exchanges”?

  8. Chris Hibbert said:

    It looks like it from a cursory glance.  In both cases, you can buy and sell,

    and the prices appear to be set by market interactions rather than institutional

    fiat.  They both have a feedback mechanism based on “dividends” produced by

    on-field performance.  ProTrade has a sophisticated formula that takes into

    account the players’ contribution to a winning season.  SDX seems to base their

    dividends purely on wins and losses.  The latter is easier to understand, and

    probably closer to the way most fans think about things.  I think ProTrade is

    justified in believing they are closer to capturing the individual athlete’s contribution.

    There’s also the difference in betting on players or teams.  I think both might be

    helped by offering bets based on both players and teams.  But until they cover

    hockey, I won’t spend a lot of time there.  I don’t want to have to start following

    one of the major sports in order to bet in these play money markets.

    ProTrade has a market maker, and SDX uses book orders.

  9. ProTrade vs. Sports Derivative Exchange | Midas Oracle .ORG said:

    […] Chris Hibbert: […]

  10. Mudlucky said:

    Thanks C. Masse for your mention.

    Regarding C. Hibbert’s comments, ProTrade no doubt does do a better job at handicapping individual players.  However, that is not the Sport Derivative Exchange’s goal or purpose. 

    SDX seeks to provide  an alternative to sports betting and fantasy sports.  Sports fans have a lot of knowledge about the teams in their favorite sports leauges.  Sports wagering requires multiple wagers to take advantage of this knowledge, while fantasy sports provide little use for this knowledge as they are player-based.  SDX allows people to use their knowledge to invest in the teams they believe perform well over the mid to long-term.

    Thanks again for the mention Chris,

    Mudlucky for the SDX Team

Leave a Reply to Chris Hibbert Cancel reply

Your email address will not be published. Required fields are marked *