Sports Betting as an Investment

[BigWillJr]

Sports betting can be extremely lucrative as an investment. Once we get past all the social stigma attached to it and really look at the numbers, it is hard to deny it as being legitimate. In an effort to show people how I responsibly do it, I've decided to start a thread where I will post all fight picks for free. This way everyone can see it is not a scam or luck but an actual viable alternative. I'll begin with a bankroll of $10,000.

All picks courtesy of RLD Investments

UFC

Fabricio Werdum  Line: -305 Wager: $1,171 To Win: $383.93

Boxing

Erislandy Lara  Line: -550 Wager: $1,025 To Win: $186.36

[dualstow]

Is there an iShares ETF for this yet? 

[iwealth]

Awhile back I remember following a betting recommendation site run by a meteorologist. His edge was the ability to predict weather far in advance and he mostly played over/unders in football/baseball. He had a great track record.

[GT]

I never put the concepts of sports betting and long term investments together. Wonder if I can do some back testing on this... maybe find a way to rationalize a trip to Las Vegas.

[AdamA]

Sports betting can be extremely lucrative as an investment. Once we get past all the social stigma attached to it and really look at the numbers, it is hard to deny it as being legitimate. In an effort to show people how I responsibly do it, I've decided to start a thread where I will post all fight picks for free. This way everyone can see it is not a scam or luck but an actual viable alternative. I'll begin with a bankroll of $10,000.

All picks courtesy of RLD Investments

UFC

Fabricio Werdum  Line: -305 Wager: $1,171 To Win: $383.93

Boxing

Erislandy Lara  Line: -550 Wager: $1,025 To Win: $186.36

I'm eager to see how this turns out.  Keep posting.

[Kriegsspiel]

Will, I can take a ferocious beating.  We could make tons betting against me in underground street fighting.

[Reub]

Is investing very different from gambling anyway?

[l82start]

i may have mentioned it before, but i learned a ton about risk/risk aversion and bankroll management playing no limit holdem online, first in free games and after winning some real money in those, in nickle and dime games.  there are definitely some overlaps between investing and gambling, especially the psychology and riskcalculation parts..

[Reub]

Yes, but is there any difference between investing and gambling?

[Early Cuyler]

Good call on Werdum.

[l82start]

Yes, but is there any difference between investing and gambling?

surprisingly difficult to think of any fundamental ones, other than he nature/rules of the games being played and the difference in the factors that influence outcomes....
  if you have money it is invested in something and every investment is a gamble... 

[AdamA]

One thing I like to do is to go to Las Vegas right after the Super Bowl.

I bet $25 on the last place team in every division to win the Super Bowl the following year.

It makes the season much more exciting.

[BigWillJr]

Last weekend was a great one for us. We went 2-0 courtesy of RLD Investments. For those interested in the principles behind their money management, they use the Kelly Criterion and have a calculator on the site. Our starting bankroll of $10,000 is now at $10,570.29. There are 3 picks for tonight, one boxing and two UFC.

UFC

Roy Nelson Line: -245 Wager: $884.41 To Win: $360.98

Dan Henderson Line: +115 Wager: $393.15 To Win: $452.12

Boxing

Mikey Garcia Line: -525 Wager: $1,158.92 To Win: $220.75

[BigWillJr]

After our last set of bets we have a bankroll of $9513.48. We have only 1 bet on tonights agenda.

Boxing

Broner/Malignaggi Over 9.5 Rounds Line: -145 Wager: $413 To Win: $284.83

[BigWillJr]

After last weeks fights the current bankroll is at $9798.31. This week there is only one bet.

Boxing

Gennady Golovkin vs Matthew Macklin Over 8.5 rounds Line: +170 Wager: $587 To Win: $997.90

[BigWillJr]

Current bankroll is at $9177.66

UFC

Anderson Silva Line -212 Wager $1,145 To Win $540.10

[BigWillJr]

Current bankroll is $8,032.66

Boxing

Andre Berto Line: -400 Wager: 1,450 To Win: 362.50

[AdamA]

Current bankroll is at $9177.66

UFC

Anderson Silva Line -212 Wager $1,145 To Win $540.10

Big Will--

Were you ticked off about this one?

[AdamA]

What happened to these updates?  I was enjoying them!

[PP67]

You would have been ahead if you started with $10,000 on 6/8/2013 in a PP...You would now have $9,813...

... and no one gets hurt!...

[AdamA]

I really wish this guy would have kept posting.

[Reub]

I really wish this guy would have kept posting.

Maybe you can't post from San Quentin?

[dualstow]

He was posting with the same name in some other forums. Maybe you can track him down.

[GT]

Darn  - I guess my trip to Las Vegas is off... I was sure it would be different this time...

[AdamA]

I was interested to see how long his bankroll would hold up.