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NFL sharp betting on sports

Top 5 regrets of a retired NFL sharp

It’s safe to say that only the most famous sharps get interviewed long enough to talk about their wins and victories, so it’s rare to see one talk about regrets in sports investing. Stuck in an airport on my way to an industry conference, I hit the lounge to kill some time and ran into one an industry veteran sharp. So what the hell was I supposed to do but buy him a few drinks and swap some stories.

One of the most memorable points we talked about was his biggest regrets wagering on sports as a profession.  After 20 years in the industry, what I learned that evening was there are still points anyone from the average weekend Joe sports bettor, to the avid sports investor and sharp could learn from this guy. The devil is in the details. Read more

Mark Cuban sports investing hedge fund sports gambling

How Mark Cuban’s sports betting hedge fund took flight

Back in 2004, Mark Cuban wrote a blog post that shocked a lot of people in the business world: he announced (but only somewhat seriously) his interest in Mark Cuban starting a hedge fund based on sports betting. The logic was ironclad, and still is…. there is a better rate of return for smart money in sports gambling investing than in the stock market.

Cuban’s idea had a lot of sound logic behind it: the return at a casino is roughly the same as in certain funds for breakeven purposes (but less expensive), and sports betting is different in that there is an expectation of loss, whereas in traditional investing there is an expectation of profit. This changes the way the money is handled, and smart bettors can expect better returns by having more information. And in this, Cuban argued, sports work out far better than the market: most people have much, much more information about their sports teams than the companies in their hedge funds.

Still, traditional investors scoffed (probably more out of personal offense than actual analysis): could a group of successful sports bettors actually have a better rate of return than market hedge funds? Two groups have tried, and one group has survived, and even moved to the UK to expand. Both are instructive in that they can show us exactly how sports bettors succeed and fail. Read more

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Interview: How I made 300% return on my sports betting in one season

It might seem impossible for a novice bettor, after having a few varied winning streaks to even envision how someone could hit +100% return betting on sports over a season. But experienced bettors (who apply sound strategy and ride the long term seasonal performance) know that there are things that you can (and need) do to change the way you bet on sports to turn greater profits.

The biggest change the majority of sports bettors have to make is this:  Accept that in sports investing, taking losses at the books is all part of game: if you understand and accept that, you’re already more than halfway to success.

Any professional sports bettor will tell you, there is a psychological understanding to separate emotion from the strategy. You will have winning weeks, and losing weeks, but emotions won’t dictate sound decisions. There is applicability to re-think or adjust their active betting strategy during losing streaks – but this is simply adjusting to hedge against losses and adapt to evolving trends and patterns that most data can tell indicate. Read more

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Betting Tips: Sports betting an investment?

Making money betting on sports? Most sports bettors and gamblers seeking betting tips or picks think that sports betting is about finding a winning pick or sure thing. The reality is, and ask any betting expert, there is no such thing as ‘guarantees’ or ‘locks’. There are nothing more than marketing verbiage to lure in the novice sports bettor or those people seeking a winning prediction on the weekends game.

Just as in the stock market, real estate, foreign exchange (FX) currency markets, or any other speculative market, the guaranteed ‘sure thing’ just does not exist. As a professional sports investor, or as my friends might think ‘professional betting expert’, my goal in sports investing is to find and take advantage of numerous edges over the long run at the sports books. Among this, the most critical aspect to profiting and winning over the years I’ve found is the compound return sports investing can produce from finding the edge with the right betting tips. This YouTube video explains the power of compound returns in sports investing (29 min mark).

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Sports investing

Sports investing vs gambling, what’s the difference?

Sports investingAs a market investor over the last two decades, and a love for sports, the I found the philosophy of investing was a natural transition into my recreational betting. At first it never clicked, but after taking a serious look at my sports betting performance about a decade ago, I came to realize some of the fundamentals that did me very well in the equity markets could be applied to my sports betting.

While bankroll management was the most effective area I begun to change, there are a variety of other areas I changed in my sports betting to hone it into what today is considered sports investing.

Firstly and most importantly, the view of sports must be considered an investment that can offer good returns. For example, see our sports investment portfolio and the performance of expert handicappers and the intelligent tips algorithms. The psychology view of throwing money at a game has an emotional attachment that is different than investing. For anyone who is a prudent investor understand this, where when they see their investment drop in value, if their fundamentals are sound, they can view it as an opportunity vs. a red flag to run for the doors.

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What are units in sports betting?

For newcomers to betting on sports, and the average sports fan who aims to elevate their game to approach their weekly sports betting as an investment in sports, we’re often get similar questions about what are units when betting on sports.

When a sports better starts to evaluate units on a game, its typically one of the first steps down the path of a sports bettor getting an elevated view of investing in sports and how best to calculate profitability. Read more