sportsfun's if sports were managed as finance fund experiment

[sportsfun]

Can sports betting outperform stocks? We shall see with the sportsfun hedge fund experiment. Will keep record in this thread and either sbr spreadsheets or create one on google docs.

It seems some tried on sbr but then thread just stopped. Also some hedge funds tried in real life, and it seems it went under too, http://www.journallive.co.uk/north-e...1634-30224828/

Portfolio starts at 10,000. Any rules? For now not many. I would say limit each play to 5% or abouts. Will do most anything that can be done, props, parlays, straight bets, any sports. Fees? Let's assume 13% for now taken from top as they do with investments, annuities and the like. So Portfolio starts at 8700. Not sure if these fees are realistic but for this experiment that is the assumption.

From time to time might go with some finance commentary too since have great like for sports and finance.
Hope to keep this updated on a consistent basis. Will start Wednesday February 1, 2012 with first play maybe coming overnight.

[minet123]

All in on the Brewers

[SportsMushroom]

does it matter what you call it? its still the same thing, picking games, paying juice and going bankrupt

let me give you some advice which you will not take and ultimately fail

1. 5% is way too much, keep it max 2% per bet, 1% is even better, with 5% all it takes is a small losing streak and your bankroll will be wiped out, losing streaks will happen I assure you, even professionals have to go through it

2. you obviously are planning to use different units per bet, bad idea, flat betting is the only way to make a profit, or at least make less losses

3. play as little juice as possible

[sportsfun]

play #1 : 2 team Parlay $200 to pay $337.66, Maryland +10.5 -110 and LA Kings -245

[sportsfun]

play #1 is a winner with 0.4 seconds left goal so +337.66 so far

play #2 is a 4 teamer parlay, $225 to pay $589.35, atlanta -175, san antonio -500, old dominion -600 and washington(ncaab) -155

[byronbb]

[rfr3sh]

Wow this will fail pretty quick if you keep doing parlays

[Waterstpub87]

Can sports betting outperform stocks? We shall see with the sportsfun hedge fund experiment. Will keep record in this thread and either sbr spreadsheets or create one on google docs. It seems some tried on sbr but then thread just stopped. Also some hedge funds tried in real life, and it seems it went under too, http://www.journallive.co.uk/north-e...1634-30224828/ Portfolio starts at 10,000. Any rules? For now not many. I would say limit each play to 5% or abouts. Will do most anything that can be done, props, parlays, straight bets, any sports. Fees? Let's assume 13% for now taken from top as they do with investments, annuities and the like. So Portfolio starts at 8700. Not sure if these fees are realistic but for this experiment that is the assumption. From time to time might go with some finance commentary too since have great like for sports and finance. Hope to keep this updated on a consistent basis. Will start Wednesday February 1, 2012 with first play maybe coming overnight.

For it be to be organized as an investment vehicle, it would be like a hedge fund, commonly 2 and 20. 2% of the top yearly and 20% of any money made over the S&P or a similar index.

[sportsfun]

hawks get mauled by grizz so play 2 is a loser, plays 1-1 +112.66

play #3, 3 team parlay at -110, $150 to win $870, missouri -2.5, tennesse tech -2, western illinois pk

play #4, 2 team parlay, $150 to win $292.31, vancouver -150 and nashville -130

play #5, 3 team parlay soccer, $100 to win 1392.86, sunderland pk +150, espanyol pk +280, shalke 04 -175

[ehp6737]

oy vea

[sportsfun]

play 3 western illinois lost, play 4 wins in so, play 5 shalke o4 could not continues winning streak so plays overall 2-3 +154.97

play #6, 3 team parlay soccer, $100 to win $147.80, ghana pk -240, corinthians -260, juventus -380

play #7, straight wager, $150 to win $100, new england -150

[sportsfun]

Plays 6&7 fail bringign us negative for first time in experiment, plays overall 2-5 -95.03 , let's try to get back on winning side

play #8, $150 to win $60, chicago bulls -600 and George Mason -500

[sportsfun]

play 8 wins back on track, plays overall 3-5 -35.03

play 9 $250 to win $163.19, ul lafayette -240 and murray st -600

play 10 $150 to win $354.78, st louis under 5 -115 and tampa bay under 5.5 -125

[sportsfun]

plays 9 and 10 don't have chance as day of upsets and pucks flew in to goal, plays overall 3-7 -435.03

hope this weekend better
play 11, $70 to win $2187.92, all ties, betis +215, schalke 04 +220 and san luis +220
play 12, $70 to win $1723.40, ottawa -1.5 +200, toronto -1.5 +205 and minnesota -1.5 +180
play 13, $70 to win $406, all -110, indiana -3, new york +6.5, new jersey +10
play 14, $70 to win $1540, arkansas -5.5, old dominion -1, wyoming +10, creighton -1.5 and vanderbilt +5.5

[moshi]

Dude...your parlays are going to kill you.

[SportsMushroom]

Dude...your parlays are going to kill you.

I wonder if the SEC allows fund managers to parlay stocks

[DerekMadden]

this can't be real.. he has to be using fake money

[flocko76]

At least he's accurate in describing how fund managers blow people's savings. he's the next bernie madoff.

[eleuropeano]

Always good to see how experiments like this go.

PS. Btw, nobody in the finance industry takes 13% off the top of you investment. Waaaay too much. Most common is a 2% annual management fee + 20% of the profits (not the gross amount). Some funds (although rarely now) do have front load fee, but it is at most 3 to 5%. Just FYI if at the end you wanna compare this to a real investment.

[mnpickle]

Usually a 2% management fee and a 15% incentive fee if a certain watermark is reached (% appreciation).

[sportsfun]

plays 11-14 don't stand a chance, so maybe need to reassess picks(pick like those when doing better), plays overall 3-11 -715.03

so good thing only an experiment, well at least sbr sportsbook points, let's hope for the better

play 15, 150 to win 728.02, milwaukee +6, kansas state +4 and vancouver -165

[Sumalia]

Hilarious!

[sportsfun]

play 15 loses, bad streak, 7 play losing streak, so 3-12 -865.03

play 16, 340 to win 200 , soccer, braga -170, maybe back later for more

on a sidenote, today groupon has a groupon for a trading course. In reading about Lex van Dan, interesting documentary and reality show, check it out if interested, http://topdocumentaryfilms.com/million-dollar-traders/ .

[whoatommy]

risky much? this is NOTHING like financial investment

[sportsfun]

bad streak at 8, braga loses at home, 1st loss at home in a long time, plays overall 3-13 -1205.03

play 16, 175 to win 807.57, sacramento +11, phoenix +8.5 and st louis(nhl) -185

[Lethalize]

braga's first loss at home in a long time.. against a european opponent, not portuguese! not a great bet i believe.

still, best of luck..

[sportsfun]

bad streak reaches 9, plays overall 3-14 -1380.03

play 17, 175 to win 1036.42, san antonio -300, north carolina -230, notre dame -365, san diego st +1.5 -110 and vancouver -205

[sportsfun]

almost break streak yesterday now at 10 but san diego st would not cooperate, so plays 3-15 -1555.03

play 19, 150 to win 1131.74, byu under 159.5 -110, oregon +11, ny rangers -170 and st louis(nhl) -210

[sportsfun]

play 19 nyr get smoked and points abound in byu game, so bad strak at 11, so plays overall 3-16 -1705.03

after some days off, hope to end bad streak, play 20, 330 to win 300, atlanta +10.5 -110

[Elad]

You want to earn and you make parleys of -110?!...man you crazy..good luck

[leafs_ducks]

I like. Profitable in the long run

[jnsbanman]

Play 1 or 2 solid plays a day. I would also say stick to one sport, the one you know the best... you will continue to lose betting sucker bets aka parlays.

[sportsfun]

even close ones losing, so streak at 12, plays overall 3-17 -2035.03

play 21, 200 to win 570.05, miami(nba) -1500, san antonio +3.5 -110, missouri -525 and calgary -170

[Dom177]

Wasting a hell of a lot of money doing parlays dude..Why not just pick a few plays per day and bet them $100-200 a piece?

[SportsMushroom]

Wasting a hell of a lot of money doing parlays dude..Why not just pick a few plays per day and bet them $100-200 a piece?

he is not betting what he posts