LEGIT FIXED MATCHES
LEGIT FIXED MATCHES
Saturday – 14 – 10/2023
** 23:00h **
LEAGUE: COLOMBIA: PRIMERA A
MATCH: Pereira – La Equidad
FT: 1-0 WON
In the aftermath of July’s latest mixed US employment data, the Bitcoin (BTC) price remains within previous ranges to the north of the $29,000 mark.
According to the data, the US economy added 187,000 jobs in July, which was less than the 200,000 predicted. Furthermore, the June job growth of 209,000 was reduced downward to 185,000.
A second household poll, however, found that the jobless rate had unexpectedly dropped to 3.5% from 3.6% in June. Average hourly wage growth was also greater than predicted, growing 0.4% MoM in July vs. 0.3% projected, raising the YoY rate to 4.4%.
Something for everyone
The lack of reaction in the bitcoin price and other financial markets to the study was ascribed to the fact that there was “something for everyone” in the data.
On the one hand, the rate of employment growth in the United States is obviously declining, with the headline July NFP reading the lowest since early 2021.
That is an indication that the heat is going out of the labor markets, which the Fed wants to see since a hot labor market makes fighting still-too-high US inflation more difficult (or, some would argue, impossible).
However, the still extremely low (by historical standards) unemployment rate and wage growth well above the Fed’s 2.0% inflation objective indicate that the labor market remains too hot for the Fed’s comfort.
Investors appear to believe that the latest employment report does not change the story significantly in terms of Fed tightening expectations.
According to the CME’s Fed Watch Tool, US interest rate futures pricing predicts an 86% likelihood that the central bank would keep rates steady at its next meeting in September, which is somewhat higher than before the data release.
Markets then attribute a roughly 75% likelihood that rates would remain at current or lower levels for the rest of the year, indicating that little has changed since the data release.
Interest rate futures in the United States now indicate that the Fed will have begun reducing rates by next March. The market tends to believe that the Fed’s tightening cycle is over, with modest cutbacks beginning in 2024. Comments from Fed policymakers support this notion.
While Chairman Jerome Powell will continue to try to keep the door open to more rate hikes in order to avoid premature easing of financial conditions, Fed Bank of Atlanta President Raphael Bostic was on the wires on Friday, saying he doesn’t see the need for any more hikes to ease inflation, a view likely shared by many other Fed policymakers.
So, with the US job market progressively cooling and inflation slowly rising, it looks like the Fed is nearing the end of its tightening cycle.
Given that strong tightening in 2022 was a primary cause of the bad bitcoin market last year, the conclusion of the tightening cycle should be seen positively for the bitcoin price.
Still, the conclusion of a tightening cycle does not imply a dramatic relaxation of financial conditions and a surge in liquidity.
With the US economy surpassing forecasts in the first half of 2022, the jobs market being consistent with a healthy economy, and inflation remaining far over the Fed’s 2.0% objective, the argument for significant financial easing is now weak.
Just as macro isn’t a significant headwind for Bitcoin right now, it’s also not a powerful tailwind, and it probably won’t become one until we have more serious concerns about a US recession and rate reduction.
For the time being, updates on more crypto-specific topics like institutional adoption (look for bitcoin ETF applications and corporate whales like Tether and MicroStrategy) and regulation (the SEC’s regulation by enforcement approach and global efforts to pass crypto regulation) are likely to have a greater impact on the price.
Technicals will also be significant, with analysts doubting whether Bitcoin can hold to the north of its 2023 uptrend, which it looks to be on the verge of retesting.
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Legit Fixed Matches
Legit Fixed Matches
Tuesday – 1 – 08/2023
** 20:45h **
LEAGUE: WORLD: CLUB FRIENDLY
MATCH: Merstham (Eng) – Chertsey (Eng)
Sports betting has emerged as one of the most popular forms of gambling worldwide, attracting millions of enthusiasts who enjoy the thrill of predicting outcomes and potentially earning significant profits.
Bookmakers, commonly called bookies, are central to the sports betting industry and play a pivotal role in facilitating wagers and ensuring a fair and regulated betting environment.
In this article, we will explore the fundamentals of sports betting and delve into the world of bookies, shedding light on their functions, operations, and the broader landscape they operate within.
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Understanding Sports Betting: Sports betting involves placing a wager on the outcome of a sporting event.
It allows individuals to capitalize on their knowledge of sports, statistics, and probability by predicting the results of matches, races, tournaments, and other sporting contests.
Common types of sports bets include moneyline bets (picking the winner), point spread bets (predicting the margin of victory), and over/under bets (guessing whether the total score will be above or below a particular value).
The Role of Bookmakers: Bookmakers, or bookies, are individuals or companies that accept and manage sports bets. They establish the odds for different outcomes, determine the payouts, and collect the wagers from bettors.
Bookies aim to strike a balance by setting odds that attract equal betting activity on both sides of an event, ensuring a profitable margin regardless of the outcome.
Bookies use historical data, team/player performance, injuries, weather conditions, and public sentiment to calculate the probability of different outcomes.
They then convert these probabilities into odds reflecting the bettors’ potential payouts. Bookmakers adjust the odds based on the volume and distribution of bets, aiming to minimize risk exposure.
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Bookies vs. Betting Exchanges: In recent years, online betting exchanges have emerged as an alternative to traditional bookmakers.
Unlike bookies who set the odds, businesses act as intermediaries, allowing bettors to wager against each other.
Bettors can back (bet for a particular outcome) and lay (act as the bookie by accepting bets against a product). Betting exchanges provide greater flexibility and potentially better odds, but they charge a commission on winning bets.
Regulation and Licensing: Sports betting and bookmaking are subject to the law in many jurisdictions to ensure fair play, consumer protection, and the prevention of illegal activities such as money laundering.
Licensing authorities impose strict requirements on bookmakers, including adherence to responsible gambling practices, segregation of customer funds, and regular auditing of financial transactions.
The Impact of Technology: Advancements in technology have revolutionized the sports betting industry.
Online bookmakers now dominate the market, offering convenience, a wide range of sports and betting options, and real-time updates.
Mobile applications and live streaming services have made it easier for bettors to place wagers and follow their bets from anywhere at any time.
Additionally, data analytics and artificial intelligence have enabled bookmakers to refine their odds and offer personalized recommendations to bettors.
Responsible Gambling: While sports betting can be an enjoyable form of entertainment, engaging in responsible gambling practices is essential.
Set a budget for betting, avoid chasing losses, and never bet more than you can afford to lose.
Recognize the signs of problem gambling and seek help if needed. Many reputable bookmakers provide resources and support for responsible gambling.
Conclusion: Sports betting, a dynamic and ever-growing industry, provides an exciting avenue for fans to engage with their favorite sports and potentially earn profits.
Acting as intermediaries, bookmakers facilitate the betting process by establishing odds and handling wagers. With the advent of online platforms and technological advancements, sports betting has become more accessible.
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