All’s well that ends well with the Upick debacle

David G. Schwartz, University of Nevada, Las Vegas

Abstract

Touts have always occupied a curious place in the sports betting ecosystem. To begin at the beginning, the object of sports bettors is to correctly pick winners, whether it is on futures bets, prop bets, the money line or against the spread. Each kind of bet is different, but they all boil down to the same thing: players making a pick and backing it with their money. Touts serve as Sherpas of sorts, advising bettors on how to bet.