Operating a sportsbook is a long-term engagement that requires a consistent approach to trading and risk management.
Sportsbooks run on small margins and uncontrollable factors that create volatile results on a day-to-day basis. To mitigate volatility, the best traders have an innate understanding of pricing and risk when it comes to setting lines and managing liabilities. They are driven to understand the intricacies of a sport so they can focus on the entire sport or season rather than overadjust on a game-to-game basis. A balanced, long-term approach to running a sportsbook must be upheld by those in the C-suite, too.