Page 2 of 5 FirstFirst 1234 ... LastLast
Results 11 to 20 of 47

Thread: Sports Betting as alternative investment

  1. #11
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    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.

  2. #12
    Email problem Rafael's Avatar
    Join Date
    Oct 2012
    Location
    Johannesburg
    Posts
    129
    Thanks
    8
    Thanked 29 Times in 20 Posts
    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.
    You miss 100% of the chances you never take

  3. #13
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    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.

  4. #14
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    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.

  5. #15
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post

    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.

  6. #16
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    I'm more curious as to how these three panned out.
    Quote Originally Posted by lifemiraclesa View Post
    MLB - Atlanta vs Pittsburgh under 7.5 -120
    Seattle vs Texas under 9.5 +100
    New York pointspread -7 -110.

  7. #17
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    Hi Dave A yes sure, had all 3 as winners yesterday. Sorry for not updating that yet.

  8. #18
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    For tonight 04/21 I will share one non arbitrage bet for informational purposes:

    MLB - Los Angeles Angels on ML (Moneyline)

  9. #19
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post
    Los Angeles Angels - Won

  10. #20
    Full Member
    Join Date
    Nov 2010
    Location
    Cape Town
    Posts
    94
    Thanks
    0
    Thanked 1 Time in 1 Post

    04/24

    Hi everyone, I hope you are all well, today I just want to give you a glimpse to 3 arbitrage bets placed and the profit generated.

    Tennis matches:
    I. Dodig vs N. Almagro
    Pinnacle (19.500), Paddy Powder (1.060) - 0.54%

    A. Beck vs P. Kvitova
    Pinnacle (8.260), Paddy Powder (1.140) - 0.17%

    B. Paire vs P. Andujar
    Pinnacle (3.270), Paddy Powder (1.830) - 17.34%

    Have a great day
    God Bless

Page 2 of 5 FirstFirst 1234 ... LastLast

Similar Threads

  1. Anyone betting on an interest rate decrease
    By Dave A in forum Business Finance Forum
    Replies: 12
    Last Post: 21-Jul-12, 12:13 PM
  2. Shelved CC alternative?
    By thatgerhard in forum General Business Forum
    Replies: 15
    Last Post: 22-Oct-11, 03:18 AM
  3. Sports Federation Section 21
    By mmp in forum General Business Forum
    Replies: 4
    Last Post: 16-May-11, 04:17 AM
  4. TopTV - DSTV alternative
    By SilverNodashi in forum General Chat Forum
    Replies: 15
    Last Post: 04-Apr-11, 10:19 PM
  5. Alternative to Big Mac Index
    By Marq in forum Business Finance Forum
    Replies: 2
    Last Post: 01-Sep-09, 03:38 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •