Sports Betting as alternative investment

[lifemiraclesa]

I just want to get an idea as to what the interest is for those interested in having sports betting as part of growth portfolio. Been doing it myself for 5 years now and starting a monthly subscription to where individuals can do own betting on my recommendations. I treat this as a business with careful selections and don't go head-in with anything.

[lifemiraclesa]

Arbitrage

Reason to this thread is to make people also aware of sports arbitrage betting to be a valuable part of one's portfolio's growth. It's a straight method of arbitrage opportunities as they become available daily and this anyone can piggy-back to receive good ROI.

[adrianh]

Please explain to us exactly how this works.

[Hermes14]

When you back a team you bet on the team to win.
When you lay a team you bet on it to loose.

Arbitrage also known as sports trading is when you are expecting the odds of a specific team to either increase or decrease.
You then bet in such a way that no matter the outcome, you make a profit.
The present government has made it illegal for South Africans to lay a team.
Bookies like Betfair & Betdaq will not accept any South African residents.

I made quite a bit of money Arb trading before the betting exchanges started closing their doors to South Africans.

[Chrisjan B]

Sorry - this is not an investment - it's gambling and the type of thing that led to the downfall of Hansie Cronje.
It leads to the sport being manipulated and definitely not to be condoned.

[lifemiraclesa]

To get to the part of arbitrage is like mentioned but my bets is just for 2 different teams to win at 2 different sports bookies. South Africans have lots of opportunities with hundreds of different sportsbooks. A whole lot can be done with an online payment processer. Most of my bets is in NBA, MLB that just started, NFL and Ice Hockey for which I have build up a pretty good record on straight bets that pass my RPI "risk profile indicator". I have made a few people millionaires on sports betting and it is all legal to bet on sports. By building a good record over years and being subscribed to a lot of handicapping services it becomes easier to outperform.

[adrianh]

To be fair, this isn't much different from speculating on the stock exchange...

[lifemiraclesa]

chrismine - sports betting can be a part of portfolio and be a very good investment if you know the risk involve. Although no form of betting is entirely risk free, it may be said that arbitrage betting is the safest form (in terms of risking capital) of betting available. Investments in this area have a limited scale and cannot handle the millions or billions that pour into the other investment markets like stocks, bonds and commodities. But investors with a million can see very good annual returns.

"If the truth be known many who play the stockmarket are the biggest gamblers around."

They are never labled gamblers, their vehicle is just shares in companies.

If the only outcome on a arbitrage bet, is only a profit, no matter who won between two teams, how is that gambling?

Bankroll Management is "key" and that is where beginners and some known players make the biggest mistakes.

I offer a monthly subscription for you to do your own betting or the opportunity to partner with me and receive a good return on my own personal involvement.

[lifemiraclesa]

adrianh - I will say that maybe in some degree not that much but still arbitrage betting is known as "riskless profit". I would never be sure on the outcome of the stocks without inside information but I will be definitly sure on my profit doing a arbitrage bet before the game starts.

[Pap_sak]

If it's that great and you have made guys millions - why bother with a newsletter?

Equating betting with investing is shares is rubbish. It is highly unlikely that your share investment will be worth zero in the morning - with sports betting, yes (thanks Lions beating Sharks last year in the s15 )

[lifemiraclesa]

Pap_sak - If you can make more or by helping others to look outside the box why not spreading the word. I wouldn't have done it in the first place if I don't have this kind of success with it. 5 years later and still going strong I would say that that I know what I'm doing. This is totally different from shares and yes it can be seen as investment.

[Rafael]

I prefer shares and portfolios, as I can monitor them and I know that there is a minimal chance of me losing money.

I don't know much about betting as I'm not a gambling person so I have a question, how can you make money betting on the one team to win and also betting on the opposition? Would it not be like playing roulette and putting a R100 on black and R100 on red.

[lifemiraclesa]

Rafael - Appreciate your question. This is more surebets than gambling. I would not bet on opposite team with the same bookmaker. With this arbitrage technique it is possible to use the differences in the odds provided by bookmakers on selected events to make yourself a guaranteed profit.

Real Life Example
London 2012 Olympics: Men's over 80kg Taekwondo
Chukwumerije odds 2.10 (Bwin) $492.75 bet placement - returns $1034.78
Despaigne odds 2.04 (Pinnacle) $507.25 bet placement - returns $1034.79

Total arb / surebet profit: 3.478%

A correctly staked investment of $1000 guarantees a return of $1034.78 no matter the outcome on who wins the match. A 3.478% profit on your investment in less than 24 hours. There is hundreds of such opportunities every month.

[lifemiraclesa]

As part of many other bets today 04/20, we have non arbitrage bets as well and we want to share for informational purposes only for you to see. This is picks we like and placing on our own.

MLB - Atlanta vs Pittsburgh under 7.5 -120
Seattle vs Texas under 9.5 +100
New York pointspread -7 -110.

Let's see how these 3 perform, we have 10 arbitrage bets so far today.

[lifemiraclesa]

People's reaction

I still get a kick out of people's reaction when I tell them what I do. When I say that I bet on sports professionaly the first expression is either surprise, expressed by raised eyebrows or confusion.

But whether people know and understand what I do, or whether they don't have a clue, I usually bring it into focus with the same line: "It's basically like being a financial advisor except that instead of investing in the stock market I invest in the sports betting market." That usually gets them, because not a lot of people think of sports betting as an investment strategy. Some think of it as entertainment. Some are still narrow-minded and think of it as some vice or waste of time. But very few people think of sports betting as a legitimate enterprise with the goal of making money.

Why not? Even today just a few years after one of the largest economic crisis in recorded human history Wall Street is still seen as a respectable place to try to make money. This is despite the deceit, dishonesty and shady business practise of people the world over. Yet if I were to approach someone and explain how they could earn 30% for example annual returns on their money by sports investing they would look at me if I was some huckster.

Sports betting is a very stable market, in that we don't have to worry about historic or uncontrollable "crashes".

A critical component of any long-term investing strategy is lining yourself up with the right people, people that you can trust, people with proven track records of success and people with the intelligence and capabilities to make and protect your profits.

First and perhaps most importantly, sports betting is a great investment because of the significant returns that are possible compared to more "established" mechanisms. A R10,000 cash deposit in some deposits will get you a 1.36% return over a year or 0.87% over 6 months. So that means you can expect anywhere from R100 to R200 back on it. Had you been investing R10,000 oves the last 6 months, you would be up around R34,600. I would say it sounds better than R200.

Now imagine what the guys with R100,000 investment is turning?

Just some food for thought.