Sports betting is evolving, growing and becoming more sophisticated. According to financial expert Tony Woodhams, sports betting will become “one of the largest financial markets in the world over the next 20 years.”
In the coming weeks, the first regulated betting hedge fund will begin trading. Woodhams will manage the London-based Centaur Galileo Sports Trading Hedge Fund. He has approximately 20 investors, who have forked over €100,000 each in hopes of capitalizing on the fund’s goal of 15 to 25 percent return after fees.
Currently, Galileo has five traders and four analysts and is hiring. Woodhams expects his staff to double within the year. He’s not looking for professional gamblers and being a sports expert isn’t a prerequisite.
“Gambling is a word that we associated with uncomfortable risk,” Woodhams says. “We’re looking for mathematicians and traders. We’re looking for people who are unemotional, who don’t get frustrated when they fall short on a couple of trades.
“They don’t have to be [sports] experts. It can actually help if they aren’t, if they come in with a fresh set of eyes and you just look at the numbers. The pattern of the numbers will tell you all you need to know.”
Woodhams says his office looks like any other financial investment firm, but instead of MSNBC on all the computer monitors and televisions, his analysts are glued to sports.
In the initial start-up period, the Galileo fund will focus on trading soccer, rugby, tennis, golf and cricket. Woodhams plans to add NFL, NBA, MLB and college football and basketball in the future.
He also says it’s just a matter of time before online gambling is legalized and regulated in the United States. “America’s a betting country,” Woodhams told BusinessWeek.
This week, Woodhams visited with Covers.com’s David Payne about the fundamentals of his strategy and the future of online gambling.
it is like everyone in and outside America knows what is going on, but politicians and major sports leagues still act as if it isn't. fukking joke. full story:
covers.com/articles/articles.aspx?theArt=196966&t=0
In the coming weeks, the first regulated betting hedge fund will begin trading. Woodhams will manage the London-based Centaur Galileo Sports Trading Hedge Fund. He has approximately 20 investors, who have forked over €100,000 each in hopes of capitalizing on the fund’s goal of 15 to 25 percent return after fees.
Currently, Galileo has five traders and four analysts and is hiring. Woodhams expects his staff to double within the year. He’s not looking for professional gamblers and being a sports expert isn’t a prerequisite.
“Gambling is a word that we associated with uncomfortable risk,” Woodhams says. “We’re looking for mathematicians and traders. We’re looking for people who are unemotional, who don’t get frustrated when they fall short on a couple of trades.
“They don’t have to be [sports] experts. It can actually help if they aren’t, if they come in with a fresh set of eyes and you just look at the numbers. The pattern of the numbers will tell you all you need to know.”
Woodhams says his office looks like any other financial investment firm, but instead of MSNBC on all the computer monitors and televisions, his analysts are glued to sports.
In the initial start-up period, the Galileo fund will focus on trading soccer, rugby, tennis, golf and cricket. Woodhams plans to add NFL, NBA, MLB and college football and basketball in the future.
He also says it’s just a matter of time before online gambling is legalized and regulated in the United States. “America’s a betting country,” Woodhams told BusinessWeek.
This week, Woodhams visited with Covers.com’s David Payne about the fundamentals of his strategy and the future of online gambling.
it is like everyone in and outside America knows what is going on, but politicians and major sports leagues still act as if it isn't. fukking joke. full story:
covers.com/articles/articles.aspx?theArt=196966&t=0
