"Sports Betting" Hedge Fund ..... anyone?

Interesting, but nothing other than what happens in Vegas privately when someone stakes a pro.

I don't think we're supposed to post FB links, but they have a page where they ostensibly track their bets. I have a hard time accepting this as legit: Are we to believe that these guys are expert enough on every sport known to man to make profitable wagers? It's incredibly hard to become knowledgeable enough in even one sport to turn a consistent profit.

Maybe 10% of gamblers are sharp enough to do it with any regularity, and maybe 1% are proficient enough to make a living at it. If these guys are that good, why do they need our money?

Nevertheless, let's assume this really is legit. The big problem I see is most of these markets are tiny compared to the financial markets. Even a big event like the Super Bowl is tiny compared to the NYSE, and most sporting events are a lot smaller than that. They'd quickly grow too big to be able to bet without killing the odds.

It's easy to make a slick youtube video. I'm betting (SWIDT?) this will end in a lot of people getting bilked, and the principles indicted and on the run.

I'm sure these people aren't picking winners. When you sports bet for a living, you are not picking winners. You have a stake in 10+ different books and bet opposite lines that are slightly off resulting in pure profit. Granted, the profit is most of the time very small, but if you do it every day, it adds up quickly.

For example-
5dimes had
Peyton Manning over 2.5 TDs at -130
Peyton Manning under 2.5 TDs at +105

local bookie had Manning over 2.5 TDs at +140
Manning under 2.5 TDs at -160


Bet $1000 on 5dimes under at +105 to win $1050
Bet $1000 on bookie over at +140 to win $1400

He goes under you win $50. He goes over you win $400. Then there is another subject of arbing which creates equal return on both sides.

I'd venture to say that this is what they do.