Please stop spamming my TL with slop like "ThiS trader lost $5M on a single bet 😱😡🥵 !!?!?" These are not a traders, these are Sports Syndicate. Sports Syndicates are like sports betting investment funds. Here is how they operate : > develop a reliable edge (insider info on injuries, better weather models, better fatigue analysis...) > pool money from large investors, often from countries where gambling is banned (🇨🇳) > invest the money in bets following their strategy > reinvest proceeds on winning bets > investors withdraw any time they want and keep the profits, while the Syndicate takes a comission. This is the secret behind all the big accounts with 1 or 2 prediction betting millions on a single team or match. Sports Syndicates split their bet across multiple accounts that they cycle constantly so it's harder for observers to gain insight into their portfolios and strategy. If you see these signs : - Huge bets on a single market - only sports - fresh account - empty profile Then you are almost always looking at a Sports Syndicate burner account. this fresh profile who bet $5M on Argentina is a perfect example
Quant ChadShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.