In traditional betting, you have an observable outcome that is external from the bookie (let&#x27;s say most of the time, unless the match is fixed). Here, if I understand correctly, the bookies are also simulating the match or rather the season without any external control, or third party auditing. It would be pretty easy to tip the odds in their favor if they have too much to lose. Either I am missing the obvious, or this is a mind boggling stupid way to bet on something.