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Sports Betting as an Investment
Posted: Sat Jun 08, 2013 10:51 am
by 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
Re: Sports Betting as an Investment
Posted: Sat Jun 08, 2013 11:09 am
by dualstow
Is there an iShares ETF for this yet?
Re: Sports Betting as an Investment
Posted: Sat Jun 08, 2013 2:43 pm
by 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.
Re: Sports Betting as an Investment
Posted: Sat Jun 08, 2013 3:12 pm
by 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.
Re: Sports Betting as an Investment
Posted: Sat Jun 08, 2013 4:12 pm
by AdamA
BigWillJr wrote:
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.
Re: Sports Betting as an Investment
Posted: Sat Jun 08, 2013 6:36 pm
by Kriegsspiel
Will, I can take a ferocious beating. We could make tons betting against me in underground street fighting.
Re: Sports Betting as an Investment
Posted: Mon Jun 10, 2013 2:14 pm
by Reub
Is investing very different from gambling anyway?
Re: Sports Betting as an Investment
Posted: Mon Jun 10, 2013 2:18 pm
by 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..
Re: Sports Betting as an Investment
Posted: Mon Jun 10, 2013 3:57 pm
by Reub
Yes, but is there any difference between investing and gambling?
Re: Sports Betting as an Investment
Posted: Mon Jun 10, 2013 4:30 pm
by Early Cuyler
Good call on Werdum.
Re: Sports Betting as an Investment
Posted: Mon Jun 10, 2013 5:08 pm
by l82start
Reub wrote:
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...
Re: Sports Betting as an Investment
Posted: Tue Jun 11, 2013 10:41 am
by 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.
Re: Sports Betting as an Investment
Posted: Sat Jun 15, 2013 10:58 am
by 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
Re: Sports Betting as an Investment
Posted: Sat Jun 22, 2013 12:34 pm
by 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
Re: Sports Betting as an Investment
Posted: Sat Jun 29, 2013 10:29 am
by 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
Re: Sports Betting as an Investment
Posted: Sat Jul 06, 2013 10:36 pm
by BigWillJr
Current bankroll is at $9177.66
UFC
Anderson Silva Line -212 Wager $1,145 To Win $540.10
Re: Sports Betting as an Investment
Posted: Sat Jul 27, 2013 9:16 pm
by BigWillJr
Current bankroll is $8,032.66
Boxing
Andre Berto Line: -400 Wager: 1,450 To Win: 362.50
Re: Sports Betting as an Investment
Posted: Mon Jul 29, 2013 8:32 am
by AdamA
BigWillJr wrote:
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?
Re: Sports Betting as an Investment
Posted: Tue Sep 24, 2013 9:44 am
by AdamA
What happened to these updates? I was enjoying them!
Re: Sports Betting as an Investment
Posted: Tue Sep 24, 2013 12:46 pm
by 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!...
Re: Sports Betting as an Investment
Posted: Sun Jan 05, 2014 9:03 pm
by AdamA
I really wish this guy would have kept posting.
Re: Sports Betting as an Investment
Posted: Mon Jan 06, 2014 1:36 pm
by Reub
AdamA wrote:
I really wish this guy would have kept posting.
Maybe you can't post from San Quentin?
Re: Sports Betting as an Investment
Posted: Mon Jan 06, 2014 9:12 pm
by dualstow
He was posting with the same name in some other forums. Maybe you can track him down.
Re: Sports Betting as an Investment
Posted: Tue Jan 07, 2014 8:56 pm
by GT
Darn - I guess my trip to Las Vegas is off... I was sure it would be different this time...
Re: Sports Betting as an Investment
Posted: Tue Jan 07, 2014 10:38 pm
by AdamA
I was interested to see how long his bankroll would hold up.