is a Sportsbetting mutual fund a possibility?

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  • BRANDO
    SBR Rookie
    • 01-25-09
    • 7

    #1
    is a Sportsbetting mutual fund a possibility?
    I was just brainstorming...

    Would it be possible to start a fund where people invested and received dividends from someone sticking to proper BR management and paying out 9% per year to investors? I'm just throwing the numbers around but would this idea be possible? It seems intriguing to me.
  • rookie
    SBR Wise Guy
    • 10-01-05
    • 682

    #2
    There are private funds / syndicates that invest in sports betting but not sure you can have a mutual fund.
    Comment
    • Willie Bee
      SBR Posting Legend
      • 02-14-06
      • 15726

      #3
      Is it possible? Yes. Would it be practical in terms of ease of operation in today's 'market' that includes so many banking restrictions for US players? I don't think so. But it is an interesting idea.

      Welcome to SBR
      Comment
      • Peeig
        SBR Wise Guy
        • 02-06-08
        • 567

        #4
        This would be a good question for Eric "Sheets" Haber............you can sometimes find him on the forums at pocketfives........
        Comment
        • pico
          BARRELED IN @ SBR!
          • 04-05-07
          • 27321

          #5
          JJgold Madoff Sports Fund.
          Comment
          • Peep
            SBR MVP
            • 06-23-08
            • 2295

            #6
            doubtful, because you would hit limits too quickly, and, IF you were any good, bannings on top of that.

            flying low under the radar.....
            Comment
            • accuscoresucks
              SBR Hall of Famer
              • 11-03-07
              • 7160

              #7
              pickslogic.com
              is simular an investment vechicle sort of speak
              Comment
              • Targetman
                SBR Rookie
                • 01-22-09
                • 11

                #8
                Gambling is is moving closer and closer to the traditional investment world. If you know much about futures trading, you know that the live betting on wsex is also futures trading. For a long time automatic trading software has been available for the stock market, with things like the Monte Carlo system where you can test your strategy on historic pricing. People have made quite a bit on money over the years with futures. Well, I see today that someone is now selling a trading program for the wsex interactives as well. Seems like a good concept. The point is, gambling is moving more mainstream each year, which I hope is good news for us all.
                Comment
                • dcbt
                  SBR High Roller
                  • 04-04-08
                  • 185

                  #9
                  Originally posted by accuscoresucks
                  pickslogic.com
                  is simular an investment vechicle sort of speak
                  yikes. careful with those clowns. they base their entire 'system' on not losing 8 in a row... (they use a sort of martingale.) indeed, they lost 8 in a row last fall and essentially went bankrupt (or caused their investors to do so...)
                  Comment
                  • accuscoresucks
                    SBR Hall of Famer
                    • 11-03-07
                    • 7160

                    #10
                    Originally posted by dcbt
                    yikes. careful with those clowns. they base their entire 'system' on not losing 8 in a row... (they use a sort of martingale.) indeed, they lost 8 in a row last fall and essentially went bankrupt (or caused their investors to do so...)
                    just ideas looks like the foundation is all good
                    i dont endorse them by any means,and without even looking their picks are worthless,you will never see accu using bad management skills
                    Comment
                    • pico
                      BARRELED IN @ SBR!
                      • 04-05-07
                      • 27321

                      #11
                      i think they use fibnoci staking. same as martingale
                      Comment
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