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

quote:

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Are we to believe that these guys are expert enough on every sport known to man to make profitable wagers?

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It may be easier than it sounds, what kills most people is the unwillingness to *not* bet. A serious analyst only puts down money on a handful of games.

That said, although according to the link you only pay out of profit (which is better than a hedge fund) that fee is 30% of profits - that's steep. And I'd want to know whether their claimed rate of return is net of fees, that wasn't clear.

A mild alarm bell is that they say they bet on the biggest events. I'd feel more comfortable if they bet on the lesser-known ones. But maybe they actually do and the talk about big events is just advertising.

So it could be legit but I'd want to know more.