(Another AmazonBay) apostle?
At Risk Magazine’s* annual shindig in Monte Carlo, day one ends with the following presentation:
Special guest speaker: Betting on the future: Online gambling goes mainstream financial
• You call it a derivative, they call it insurance, I call it a bet
• How financial institutions could make more use of betting markets
• Can you really make money betting on sports?Sam Dibb, Director, CERTAIN RISK MANAGEMENT
…which advises companies on strategies to hedge sports-event related risks, develop innovative marketing campaigns and negotiate effective sponsorship arrangements by making use of liquid and keenly priced betting markets. Sam also provides advice to a number of betting organisations and writes on gambling and financial markets-related subjects for various publications. Previously, Sam spent over 10 years with PwC as an accountant and consultant to capital markets firms and is a reasonably good amateur gambler.CRM advises corporate clients on placing risk among established bookmakers (e.g. Ladbrokes, William Hill, Coral, Paddy Power and Stan James) with whom CRM has a deep and up to date understanding of their product offerings and risk appetite. Whilst emulating some aspects of traditional insurance, CRM’s proposition bypasses traditional insurance brokers and underwriters, going directly to risk transfer with bookmakers. (more information)
Hello.
Was Sam inspired by AmazonBay? Is he a Park Paradigm reader?
Given that his website does not mention Betfair or Betdaq or any of the other sports exchanges (which is a bit strange imo given the business he’s in), probably not. Either way it is great to see others seemingly sharing similar views. He’ll have a great audience and I hope he manages to plant a seed. I doubt I’ll be there so I hope he posts his presentation on the net. I’ll keep my eye out.
*Risk magazine’s annual flagship congress is firmly established as the premier European event for risk management and derivatives trading professionals. Each year the most senior representatives from the leading financial institutions gather to share strategies and best practice approaches to meet the demands that rapid market innovations and increasing regulations are presenting.
