Try Not To Use Your Own Money For Gambling

[jjgold]

If I lose the investor loses but I explain to him in actually documents that there are risks.

[BrownTown]

[btraband]

use investors, advantages and disadvantages a plenty!

[teaserpleaser]

Get investors

Real simple

You make a very, very good point here jjgold.

This is at least the 4th time within 1 min of jj or fishhead starting a thread the other one is the first to post in it. Call me crazy but im almost sure JJ and fishhead are the same guy. funny because jj is suposed to be a losing gambler and fishhead a sharp. anyways just thought it was funny I like you both. If anybodys met fishhead then im way off

[BarkingToad]

I don't know why anyone would "invest" with a sports gambler, especially if they pay 25% of their winnings to you. That would mean you would have to be right at least 60% of the time time for the investor to start making any money. If you're right over 65% on picks then you're costing yourself money by not playing with your own money while investor makes most of it. So, the optimum winning range would be 60-65% all the time where both sides make money, outside that band someone gets screwed.

I would figure if someone respected anybody's picks that much, they would just buy them for a lot less. I could see an investor for a top flight poker player, but not on 50/50 sports betting propositions.

[Arilou]

BarkingToad, you would be paying on NET winnings, so the break-even point is unchanged if the number of bets is infinite - but of course given that it isn't, to have the best of it you need to pick someone doing considerably better than break-even. It's not a crazy thing to do, if the talent is there.

If you find people who are really ok with paying you 20+2 hedge fund style, or 25, or what not, and you can actually walk away if you lose, then you'd be a fool not to go for it, but this is not something that it would be easy to convince me it would be ok to fail at.

[jjgold]

This is at least the 4th time within 1 min of jj or fishhead starting a thread the other one is the first to post in it. Call me crazy but im almost sure JJ and fishhead are the same guy. funny because jj is suposed to be a losing gambler and fishhead a sharp. anyways just thought it was funny I like you both. If anybodys met fishhead then im way off

Teaserman I never said you were not bright, I think you might be onto something.

[Cougar Bait]

Took that girl's money for Bama and doubled it, for a moderate 2 unit play. Hope they can cover.

Exterminate all rational thought. That is the conclusion I have come to.