sports betting investment funds are new, anyone participating?

**dirtdog52658** · 12-13-16, 12:05 PM

I have looked into these but have not dipped in, would percentage not drop as more people invest? I know Vegas is going to have limits especially if the group is winning, therefore as more people invest it does not mean they will be able to bet more which would in turn force current profits to be split more ways.

**mdthomas321** · 12-13-16, 12:33 PM

I have not seen percentages drop so far as the fund grows. I know what you mean, if the scale gets big wouldn't that naturally limit the ability to actually bet. From what I know the fund is managed such that its not going to just grow exponentially, but invested money (like mine) is grown to a target amount at which the account is cashed out. So its a vehicle to grow money and draw that money out. They just decide the number of subsequent contracts, and of course the amount to allow coming in.

I think with the National Sports Betting Bill that will be coming around, an if its approved, it will open up sports betting so that there is less illegal and offshore activity and more greatly increase the liquidity of a market that's already about 150 billion a year in the US alone.

**tomallen123** · 12-13-16, 01:57 PM

Have been a few of these "funds" here in the UK.
All turned out to be massive scams

**dirtdog52658** · 12-13-16, 02:28 PM

Originally posted by tomallen123

Have been a few of these "funds" here in the UK.
All turned out to be massive scams

Yeah, theres so much I can see going wrong, They lose yet report wins, they cant bet enough to cover what they say they win, has the makings for a few of these to turn into giant pyramid schemes.

**tomallen123** · 12-13-16, 05:00 PM

Here is the most recent one that collapsed

Winning Express betting scheme investors fear money lost

http://www.bbc.co.uk/news/uk-england-38184990

Stay well clear of them

**mdthomas321** · 12-13-16, 09:35 PM

Well so far so good with this one. I cashed out a contract and started a new one.
The difference here is complete transparency. They alert you to the betting, then show you which bets are placed 2 minutes after the game starts so you know their position. Then obviously you can verify who wins or loses, and then their success rate. In this scenario, its a little hard to fabricate results when you are told what they are betting on at the start of each game. Anyway, I watched their bets and results for a couple months before getting involved, and the track record since has been consistent. There are a few people in the world, I believe, who are good handicappers and can win often enough to have an edge and make a few percent at at time.

I guess don't take my word for it, I can tell you how to watch their bets as placed, and verify the wins/losses.
If they are scamming me, its pretty intricate as I've already gained more than my investment back.

**Optional** · 12-14-16, 02:13 AM

Sports betting investment funds are not new.

They were the staple front for internet ponzi schemes during the 90s and 00s

And before that a favorite of scammers offline too.

**gregmav1** · 12-14-16, 02:19 AM

your 3 total posts on this forum, all in this thread, are very convincing of this. please sign me up to your fund where i can make 400% profit. please.

**tomallen123** · 12-14-16, 04:06 PM

jjgold should have had this thread locked within 20 mins of it being posted

**ozpak** · 12-14-16, 05:27 PM

Originally posted by mdthomas321

Hey guys,
So last year the Nevada State Senate passed bill 443, which allows "entity betting". I started following a company in Vegas last spring/summer and tracked their bets and success, then got involved. Its like a mutual fund of sports betting.

Is anyone else out there invested in a similar fund? If so, what has your experience been?
Mine has been pretty good. I'm attaching the performance of my fund since Sept. 1, before they started betting on NCAAF (now into NCAAB).

Thanks! good luck out there!

bet day		Starting Bankroll	percent gain/loss	growth factor	ending bankroll
1	2-Sep	10,000	0	1	$10,000
2	3-Sep	10,000	0	1	$10,000
3	10-Sep	10,000	13.48	1.1348	$11,348
4	17-Sep	11,348	15.13	1.1513	$13,065
5	24-Sep	13,065	9.63	1.0963	$14,323
6	1-Oct	14,323	17.38	1.1738	$16,812
7	8-Oct	16,812	18.1	1.181	$19,856
8	15-Oct	19,856	23.52	1.2352	$24,526
9	22-Oct	24,526	-11.4	0.886	$21,730
10	29-Oct	21,730	-8.93	0.9107	$19,789
11	5-Nov	19,789	4.63	1.0463	$20,705
12	12-Nov	20,705	21.64	1.2164	$25,186
13	19-Nov	25,186	10.17	1.1017	$27,747
14	26-Nov	27,747	7.12	1.0712	$29,723
15	3-Dec	29,723	13.53	1.1353	$33,745
16	10-Dec	33,745	18.4	1.184	$39,954

Pass. These schemes has always only 1 ending and that's losses for investors and money for founders.

**mdthomas321** · 12-15-16, 12:01 PM

They bet yesterday and were 10-3. Believe it or not, there are handicappers out there who can consistently make money. Granted they are rare. Can share more on my experience with this for those willing.
Thanks for your input, I do appreciate it even if not open minded to it.

**Optional** · 12-16-16, 01:40 AM

Originally posted by mdthomas321

They bet yesterday and were 10-3. Believe it or not, there are handicappers out there who can consistently make money. Granted they are rare. Can share more on my experience with this for those willing.
Thanks for your input, I do appreciate it even if not open minded to it.

Think about it.

With betting limits the biggest limiting factor on any sharp bettors success, why would you want a lot of other peoples money to start with... unless you are broke, in which case you have no successful track record.

And even if he really is the worlds best capper and has a better network of runners than Billy Walters to get money down, at some point it will become -EV to add any more funds.

It's just another way for touts to fleece people.

**dealer wins** · 12-16-16, 04:18 AM

Do not invest in schemes like this, they are all scams you will lose your money 100%

**rodneytrotter** · 12-16-16, 05:04 AM

'The Matchbook Traders Conference also featured several exhibitors, one of which was Betadvisor.com an industry leading tipster and asset management service. Stefano Saccani, Head of Business Development & Premium Services for Betadvisor told CalvinAyre.com of his company’s new partnership with Matchbook.com and the investment services Betadvisor now offer customers via Matchbook.com accounts.'

- Whatever happened to this - offering to 'manage' customers Matchbook accounts by logging in and placing bets on their behalf.

Seems to have been hushed up

**mdthomas321** · 12-16-16, 03:39 PM

That's not quite the way this works, there's no intention to grow funds exponentially, to where its unmanageable. Rather, its a vehicle to make percentage gains by betting only a portion of the bankroll, employing money management to survive the occasional down day. With more positive days, funds are compounded and grown over time, to a target amount for an individual account. Take a few thousand, cash out with several more thousand, after 3 or 4 months. It is doable, but only by those who can get above 54% wins or what it takes to break even. From what i've seen for several months, it is there.
Similarly, there are successful day traders out there in the stock market. And I think most of them draw money out periodically as it grows, to live off of or squirrel away elsewhere; same thing here.
In any case thanks for your input guys.

**dirtdog52658** · 12-16-16, 09:32 PM

I expect the first people to get paid. What I've been saying and Optional i believe said something similar is as time goes on and more people invest there will come a point where they cant get down what they need to grow each account by the percentages your getting now. If Trump decided to drop a Billion into one of these thing you expect him and yourself to continue to earn at the level you are now?

**Hareeba!** · 12-20-16, 04:15 PM

Originally posted by dealer wins

Do not invest in schemes like this, they are all scams you will lose your money 100%

I'm aware that there have been several scams but not all are.
I've been invested in one for 4 years. They've not set the world alight, just a fair gain but have beaten the stockmarket index which they measure themsleves against.

**mngambler** · 12-20-16, 06:12 PM

Originally posted by Hareeba!

I'm aware that there have been several scams but not all are.
I've been invested in one for 4 years. They've not set the world alight, just a fair gain but have beaten the stockmarket index which they measure themsleves against.

what index? what gains? That sounds like a total bullsh*t marketing statement that I would expect to see on the front page of one of these 'funds' website

**Hareeba!** · 12-20-16, 06:27 PM

Originally posted by mngambler

what index? what gains? That sounds like a total bullsh*t marketing statement that I would expect to see on the front page of one of these 'funds' website

	Year Ending October 31 2016+10.99%	Since JAN 1, 2010+221.15%
FTSE100	+9.19%	+28.38%
ASX200	+1.48%	+8.42%
HFRX Global Hedge Fund Index	-1.30%	+2.22%

**Optional** · 12-21-16, 02:22 AM

Originally posted by Hareeba!

	Year Ending October 31 2016+10.99%	Since JAN 1, 2010+221.15%
FTSE100	+9.19%	+28.38%
ASX200	+1.48%	+8.42%
HFRX Global Hedge Fund Index	-1.30%	+2.22%

Do you see bets and stakes in advance? And can anyone check if they match up to reality with those posted numbers?

**Hareeba!** · 12-21-16, 04:03 PM

Originally posted by Optional

Do you see bets and stakes in advance? And can anyone check if they match up to reality with those posted numbers?

Hardly practical as much of their action is live trading around the clock. But some race tips and sports futures are advised in advance.

**jtoler** · 12-21-16, 04:08 PM

Nice lil scam here, where do I sign up.