I am creating a sports betting hedge fund.

[sharpcat]

first of all there are many dudes OUTSIDE of america doing this, i know these guys well

http://www.centaurcorporate.com/

the one interesting element about funds of this nature is they are NOT CONNECTED to the financial markets

i am NOT condoning using this dude is any shape or form

Are their people out their who are capable of doing this? Although a risky investment, yes there are guys who have years of experience gambling on sports who can do this.

Is this guy capable of doing this? No
-He openly has admitted to having an addiction to alcohol and is depressed (addictive personality/depression is the death blow to somebody who is essentially gambling on sports).

-He has also proven that he knows nothing about gambling on sports and admits only that he knows sports well.

-recently made a post in a rebatewager thread asking for somebody to explain the 50% cash bonus to him. This guy clearly knows nothing about this industry but yet he believes that it is going to be easy to make money I guess in the 200 years that sports gambling has been around nobody has yet realized just how incredibly simple it is to make money year in and year out.

-Does not even understand the laws in the U.S. regarding sports gambling, only way to do this in the U.S. would be in Vegas like JJ suggested with a team of beards on your payroll scouting every casino on the strip, which I am sure was not intended in the plan of living on easystreet working from the computer and I am sure the projected 20% return did not take paying 10 beards running the strip 7 days a week into consideration.

[james4512]

people dont understand stats dont mean shit in sports, no way your going to get your customers a 20% return

[durito]

My guess is that some hedge fund managers are actually heavy sports bettors but can't sell such a market to their clients. Therefore, they gamble in financial markets (stock, bonds, interest rates, derivatives, currency, options, etc.) because it's legal and people can't technically set limits on your wagers.

I know a couple who lose 6 figures to their bookies yearly. The same skills can be applied in both fields but only if you know what you are doing.

[sharpcat]

My guess is that COLT does not even know what a middle is.

[arwar]

I posted an article about this a few days ago. You better be willing to be based oversees. 20% after a standard fee is ridiculous. And GL getting institutional money, it ain't gonna happen.

Don't get me wrong if the regulatory environment was different I think it could be a good model. What fund did you work for?

why is 20% ridiculous? and just out of curiosity how much is a standard fee? i am just a penny spending pocket ripper so i never got up to hedge fund level.

[superjeff24]

"Just look at my hedge fund"

So the fact that it dropped to zero should still impress us? Dude, you were making money in a market where you could buy a house for 100k, put in recessed lighting in the kitchen for 100 bucks and resell it for 400k to some dude who makes 6 bucks an hour who got approved for a mortgage they could never make 2 consecutive payments on.

you say you're smarter than the bookmakers. really? because those bookmakers didn't go busto and lose their wives, they kept making paper. i would be incredibly shocked if a billion dollar industry like sports betting didn't have people as intelligent and more intelligent than you and me. in fact, I would be willing to bet that some of them probably invest in stocks and kept making profits during the crash (it's called shorting stocks, ever hear of it?)

[superjeff24]

I'm only approaching people who I have a previous relationship or have had contact with at one point in the past. It's likely that you aren't eligible. I don't want someone who could potentially come kill me when i lose all of their money in 2 weeks, I need to be able to remain unaccountable for it.

fixed

[ProfaneReality]

you made bad decisions now you want people to blindly hand over money for you to manage. even if you cvlaimed to be perfect, you still want people to hand over money to you...

cant make this up.

[superjeff24]

I'm not promoting my new business here. I'm just discussing it and seeking opinions.

I am not looking for any customers here. I'm not interested in managing pennies. If I were, then I'd seek customers here.

Colt has a picture of fifty three 1 dollar bills as is Avatar, clearly he's got 100k that people who enjoy losing their money gave to him

[ProfaneReality]

this douche bankrupts his family them comes on a gambling forum with a condescending tone

[TheLock]

Might be thread of the year

For the first time ever, I agree with you 100%

[superjeff24]

i'm starting to think this whole thing has to be a joke. is there a way someone can check his IP and verify it's not someone just trying to tilt everyone?

Someone here said it takes 5 years of practice to become a winning gambler, i have to disagree. I was making 5-7 bets a day for about 6 months with success +1500 betting 25 bucks as a unit value before I even really knew how to manage money. I had like 2000 and betting 25 bucks, but I made very sound bets, and used most of the same stats that I use now.

[TheLock]

That is simply preposterous. It is a top 10 school by any metric. No matter how hair brained this "hedge fund" scheme is, it cannot be disputed that UPenn is an absolutely phenomenal school. You crazy man.

You're talking to a man who gives all of his SBR points to shantystar.

[TheLock]

i'm starting to think this whole thing has to be a joke. is there a way someone can check his IP and verify it's not someone just trying to tilt everyone?

Someone here said it takes 5 years of practice to become a winning gambler, i have to disagree. I was making 5-7 bets a day for about 6 months with success +1500 betting 25 bucks as a unit value before I even really knew how to manage money. I had like 2000 and betting 25 bucks, but I made very sound bets, and used most of the same stats that I use now.

6 months is a very small sample size jeff.

Just sayin....

[Cougar Bait]

sports betting is all numbers and has NOTHING to do with handicapping player performance.

Oh my

[Extra Innings]

I've seen these before. Run like Hell Boys

[keyboarding]

You're talking to a man who gives all of his SBR points to shantystar.

[midnight777]

is Colt really Brandon Lang....

I would not want to invest my $$$ with another addict... You know the best liars are... Drug addicts, Gambler's, Drunks....
.... Maybe if you are so smart you should play Blackjack.. ever hear of The MIT group.....

[gcarp707]

This is a pretty funy thread in so many ways.

[Doug]

This is a pretty funy thread in so many ways.

[Brock Landers]

Colt, whats your angle.

And JJ, you seem to have jumped on this guy awfully quick for a newbie...something stinks here

[flyingillini]

Nice offer, I have my Brother handle my portfolio and I let him do his magic for me. I let him do whatever he wants with my accounts. If it wasn't for him and his decisions I would not be where I am at today. He is in your field up in San Francisco. Good luck!

[honeyeater]

Just a few short years ago I was on top of the world. I had an Ivy League education, beautiful wife, great kids, and lived an extravagant lifestyle. I was one of the top young hedge fund managers in the United States. I was well known in the industry. I was a mover and shaker.

Then 2008 happened. Myself, along with everyone else, got killed in the market. I lost nearly everything because of a few bad decisions. My wife left me because of the stress it caused her and got custody of my two beautiful children. I turned to drinking and almost killed myself.

What the hell happened? I thought it was so easy, my first five years in the industry I was on fire and thought I could do no wrong. I got a big head and I paid the price. I lost everything that mattered to me - the wife, kids, and lifestyle.

Two years later, here we are and I am looking to rebound. After seeing some news reports about a sports betting hedge fund, I began to look over some numbers. I have experience managing money and sports sounds like a field that is impossible to lose in. I have a background in statistics. I am smarter than the bookmakers in these areas. Just look at me when the stock market was doing well, there is your proof. My hedge fund that I managed was one of the top up-and-coming hedge funds out there, with returns of approximately 26% per year.

I believe with a sports betting hedge fund I can create a return of 20% to my customers, after fees. This would be guaranteed because of the types of bets that I find are winnable and betting a conservative amount of the fund per wager. I am currently looking for customers (I currently have a couple who are interested), and with my big rolodex of contacts from my Wall Street days I feel this will not be a problem. The main issue will be to prove that my methods will be successful in the long run.

I just want to turn my life back around and get back to the lifestyle I had two years ago. I feel like this is my best opportunity.

I run a "fund" offhsore of the US. It's a "betting fund" and I don't know really much about sports. I use "systems" taht I have used for 4 years or more. It's all numbers. I do my "fund" a little differently. I'm not going to tell you how because I don't need some tool taking market share. But I will tell you one thing. You're going to have an issue placing bets. It ain't the bond market or Forex where it's consistently liquid. Once you start placing 200K plus bets (figure your exposure is maybe 2%-5% of the fund) it's REALLY HARD finding a book for that. Maybe once but start winning. They'll close your account. I figured out a way around this- good luck- you sound like a loser.

[tony_come]

Highly organized

an average gamblers would not understand

[ZetaPsi808]

colt what if i wanted to post up 10 dimes tonight in your hedge fund?

[clarkacal]

What's a surprise for the turkey is no surprise for the butcher.

Turkey=hedge fund managers
Butcher=unforseeable and unprecedented stock market events

[yisman]

lol

[tony_come]

Bump

[MiDNiTe]

Lol

[tony_come]

Lol

[boeing power]

[sourtwist]

Haha

[yisman]

You are one funny dude, EI.
On a slightly unrelated note, I'm starting to believe that Colt = JJ.

I think Colt was one of onthetwat's many ghosts.

[Seto]

[yisman]

http://www.sportsbookreview.com/forum/saloon/3039471-taking-time-off-live-vegas-former-investment-banker.html