I'm good at Sportsinvestment, but my capital is too low

[Rickson9]

It's probably safe to say that posters on this thread don't have equal knowledge about sportsbetting, investing and gambling. No need to digress.

 

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[snowbank]

No offense but you don't understand what investing is.

Having exchanged a few emails him with, Wetti is substantially more knowledgeable about investing than you are. You've spent close to 2,000 posts providing little to no value, and showing no interest in learning things you don't understand.(that's 10,000+ minutes wasted just posting nonsense!) Trying to put someone down when you don't even understand what you are talking about is pretty pathetic. You're regurgitating illogical nonsense on things you admit to not even understand, yet instead of learning about it you claim everyone else is wrong but you.

You're that dude . The guy who says people can't do certain things, just because you don't know how to do them. The same type of person who says, "80% of businesses fail, don't start a business. That's way too risky." I'm not going to waste time explaining logic and math to you since you aren't interested in learning and are being a fool, but hopefully for your own sake you wake up and realize you don't know very much, and it'd be more productive to learn, rather than being that dude.

The more I learn, the more I learn how little I know. -- Socrates

 

[biophase]

Investors don't gamble they bet on sure things. At the end of the day unless you can predict the outcome of the games with a high level of certainty which is impossible or at best illegal you will not build a fortune over time at this.

No offense but you don't understand what investing is. I don't gamble, bet or whatever you want to call it. To me it sounds like your hedging your risk by spreading it over a bunch of bets. That would be a lot smarter and safer than betting on one team to win one game. However at the end of the day even though you can do research on the teams you are not 100% sure what team will win. In other words lets break it down to the most basic, one of your 1k bets on one game. You have at best a 50/50 chance of picking the correct team, maybe with some research you can bump this up a bit. This is actually very smiler to how most people invest in the stock market and, they don't make jack doing it. Its like a labor intensive 401K.

Investing is quite different, when you invest you don't put a dime of your money out until you know you will get a return. The return can very a bit, but you know unless something horrible goes wrong you will get a return. For example when I buy a parcel of property I already know what I can get for a house on it, I won't buy it if I don't. I also know what its going to cost me to build, what the city will let me do, and all the details that can cost me money. So when i write the check for the property my money is already made, I just need to execute. Could things go wrong? Sure, that's life, but not 50% of the time, maybe .o1%.

Wow, I can't think of a more opposite way to think about investing. Investors bet on sure things? How do you use the word "investor", "bet" and "sure things" in the same sentence? Seriously??? Each of those 3 words cannot be farther apart from each other. I really think that it is you who doesn't understand the definition of investing.

If what you said is true you would have a ton of money right now. If only everyone can put money into a something with a 99.99% success rate as you put it.

I mean you are basically saying that stocks and mutual funds are not investing. But your own example of investing is the exact same. Let me ask you this:

Let's say that you found a lot as in your example above and can build a home and sell it for more profit. You need $50k to buy the lot and build the home.

1) You put up your own $50k and build the home. - Who is the investor? Who has the risk?
2) You go to a bank and they loan you the $50k at 8%. - Who is the investor? Who has the risk? Is their risk 0.01%?
3) You sell 50 shares of stock at $1k for 50% of the project - Who is the investor? Who has the risk? Is their risk 0.01%?

Here are my answers.

1) Not you. This is a business. You are self employed and running a home building company. You assume all the risk.
2) The bank is the investor. They invested $50k for a 8% return. They assume all the risk for a mere 8% return.
3) The stock holders are investors. But according to you they hardly make jack doing it. How can this be if the risk is 0.01% to them? How do they fail?

This is the same project you put forth as an example broken down into a few investment levels. How is #1 a sure thing but #3 a losers play?

 

[LightHouse]

No offense, but this post came across as very arrogant.

This is really no surprise. LOL



Although i do not want to interject on a topic i do not know about, isn't this thread still about looking for investors which was ruled out on this forum, or was it kept open for good discussion?

 

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[veli]

Ok, decided to edit this post as the rant will not bring this thread forward. So in a short summary, I disagree wholeheartedly with hatteras.

PS: I guess this thread has gone a bit of the rails, so hopefully we can come back to discuss Wettis original topic, a topic I at least find interesting.

 

[exon]

Investors are nothing but gamblers. I think everyone here will agree with me when I say that those who invest without risk will never ever earn some real money (by invest "time" is also included, not only money). Entrepreneurs risk more than gamblers. Every self made millionaire I know risked several years of their life without knowing for sure that they will be millionaires. They risked their existence, their families, their friends... and a lot of our most valuable asset - the time. Therefore, any discussion in this direction is unnecessary.

I personally do not prefer gamblig/betting because I think that gambling is, even for those at near genius level, time-consuming and totaly exhausting. There is another fact in betting and it is called "Zeigarnik" effect - the power of unfinished thoughts (if something is unfinished, it keeps our attention until we can bring closure to it) so in that case we can't focus on our real goal and therefore miss many opportunities.

In my opinion the best way of monetization "I'm good at Sportsinvestment" is web based subscription service. Why?

If you have capital for investment in betting $1,000,000 USD (and that is a lot of money for only "one source" investment) - 45% would be $450,000 USD.

Wich is... $37,500/mo. (!!!without sharing piece of the pie with investor)

If you have 1,000 subscribers who every month pay $37.50... $37,500/mo.

Only question is how much capital would you need for website design and marketing for 1,000 subscribers? I would say 2% of $1M should be enough.

And I know this thread is still about looking for investors which was ruled out on this forum, but this is where I would want to invest - in marketing & web design.

 

[Wetti]

It is really scary that Lighthouse and exon cant even read, but maybe they are just drunk .I hope its secondly.


I did not tell a single word about searching Investors in this forum. The only thing i wanted to know here was : where can i find investors and how can i get contact to these people.


That Snowbank will put money up if he thinks that i have an edge. Is a very good offer. I'm really happy about it.But it was his free decision.

 

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[Bond]

Maybe you can do something like Timothy Sykes did: Short Selling Penny Stocks

 

[bflbob]

He! He! I'm liking this!

So, you are a gambler if you bet on things. In that sense, a casino is a gambler. It doesn't matter that the odds are in their favor. If Wetti is a gambler, then it stands to reason that the folks he gambles with are gamblers, too.

He thinks he has the favored odds. The casino thinks they do. Obviously, they can't both be right.

So, if I buy shares of stock in a casino, am I a gambler, or an investor?

If I buy them in IBM, am I an investor, or a gambler?

If I bought a sure thing, such as Enron, am I an investor, or a gambler?

My position is that Wetti would have been an investor in each case. And that is because he lives in a systematized world. He wouldn't have lost his life savings in Enron. He would have lost a few percent of his savings. He wouldn't make a fortune in IBM. He would have made a few percent. His risk would be spread over a large number of "bets".

A gambler bets based on a feeling, or blind draw. An investor knows his odds, even if it is only a .5% advantage, and uses them to his advantage. Wetti (and, of course, Snowbank) sounds like he knows his odds.

Can you win on a system that loses 99 times out of 100? You can, if the winner pays odds of 101:1 and you have enough funds to weather the storm of losers. That is what Wetti and Snowbank know.

 

[NHS]

I am awesome at making money yet I have none.

Am I the only one who when he finds a great way to make money he keeps it to himself?

 

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[Wetti]

I like it that we talk about betting in general and investment.

But my question was: Where can i find the right people? And how can i talk to these people. I know that i only need one chance with a big investor who give me capital to show him what i can. But its so hard to find such people.

 

[Rickson9]

I like it that we talk about betting in general and investment.

But my question was: Where can i find the right people? And how can i talk to these people. I know that i only need one chance with a big investor who give me capital to show him what i can. But its so hard to find such people.

Casino high roller rooms?

 

[hatterasguy]

Having exchanged a few emails him with, Wetti is substantially more knowledgeable about investing than you are. You've spent close to 2,000 posts providing little to no value, and showing no interest in learning things you don't understand.(that's 10,000+ minutes wasted just posting nonsense!) Trying to put someone down when you don't even understand what you are talking about is pretty pathetic. You're regurgitating illogical nonsense on things you admit to not even understand, yet instead of learning about it you claim everyone else is wrong but you.

You're that dude . The guy who says people can't do certain things, just because you don't know how to do them. The same type of person who says, "80% of businesses fail, don't start a business. That's way too risky." I'm not going to waste time explaining logic and math to you since you aren't interested in learning and are being a fool, but hopefully for your own sake you wake up and realize you don't know very much, and it'd be more productive to learn, rather than being that dude.

The more I learn, the more I learn how little I know. -- Socrates

Well I was just trying to help, clearly I'm not wanted so I'm done. I don't really care what you think of me, see ya.

 

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[biophase]

I like it that we talk about betting in general and investment.

But my question was: Where can i find the right people? And how can i talk to these people. I know that i only need one chance with a big investor who give me capital to show him what i can. But its so hard to find such people.

You have your chance with Snowbank. Is that not enough?

 

[hakrjak]

This is a serious business, and I'm surprised that you don't read more about professional sports bettors on the Internet -- because professional poker players are now EVERYWHERE. I think the main reason is that the guys who do this for a living reside in Las Vegas, and scout the casinos each morning at 9am for the best lines. They use techniques that they don't want you to know about -- There are almost NO BOOKS that address how to do this on a professional level (Just a lot of fluff, imho... and I've looked!)

The problem with scaling this business is that you can only sell advice, because you can't set up a mutual fund that invests in sports betting very easily. The problem is the betting limits at the casinos, and you can only bet so much. It's difficult to sell advice, because you've got to convince your customers that you can give them winners consistantly -- and you've got to deliver in order to keep them happy and sending you monthly checks.

I'm by no means a professional, but when I see lines that I think you can take advantage of -- I jump on them. My favorite sports bet was on the NFL a few years ago when 2 high scoring teams came together, and I saw that the weather was going to be hurricane winds at an outside game. The O/U was 52, and I hopped on the under for the max. The total score of the game was around 19, and I cashed big. No way was luck ever involved in that transaction... Just me vs. a lot of people who didn't bother to check the weather report!

Cheers,

- Hakrjak

 

[snowbank]

This is a serious business, and I'm surprised that you don't read more about professional sports bettors on the Internet -- because professional poker players are now EVERYWHERE.

Here ya go: Interview with Haralabos Voulgaris

I think you guys will like this. We just had one of the top sports bettors on for an interview. Should give people an interesting look into how much work goes into it and how you gain your edges.

 

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[minamo]

I used to be in the gambling genre.

I know it is not luck, and i also know learned(the hard way) that you need a good bankroll management.

You should have at least 20 times the amount you bet on each match to catch up good and bad runs, everyone goes unlucky sometimes, The key is to make it profitable in the long run.

My advice: play lower, grind it out, bet on multiple matches, and use your profits to slowly grind up to the higher levels.

No one makes it to the top in 1 day.

Henk.

 

[michael]

This thread is fascinating to me!

x2.

I'd recommend directing your efforts to investing.

If he is making solid returns with his strategy and feels his methods protect him against major loss I don't see why he'd need to change his fastlane vehicle; the the only issue is of course his lack of capital.

I think he ought do do like MJ said, find a few thousand people who would pay $50 or $100 per month for recommendations and if he manages to deliver consistent tips long term there is no reason such a service can't make him millions.

If he feels he cannot do this without causing odds to change perhaps he'd be better of publishing an ebook outlining his strategy, his past success and giving real world examples so that others can apply this method to whichever market they wish. Create a brand for the book and leverage the brand to create a betting forum and some software to help people manage their bets and risk.

 

[michael]

The problem with scaling this business is that you can only sell advice, because you can't set up a mutual fund that invests in sports betting very easily. The problem is the betting limits at the casinos, and you can only bet so much. It's difficult to sell advice, because you've got to convince your customers that you can give them winners consistantly -- and you've got to deliver in order to keep them happy and sending you monthly checks.

Perhaps if he feels betting limits and changing odds prohibit selling tips then the best way to scale it would be as I said:

• Publish an ebook outlining the general philosophy and giving real world examples of his strategy in effect.
• Have some software coded that enables people who partake in betting with the same strategy to keep track of their spreads, wins, losses, total gains and research. I am sure Wetti already has an excel document that enables him to track such metrics so if he codes some software and sells it that is another way to make money from betting.

I'm by no means a professional, but when I see lines that I think you can take advantage of -- I jump on them. My favorite sports bet was on the NFL a few years ago when 2 high scoring teams came together, and I saw that the weather was going to be hurricane winds at an outside game. The O/U was 52, and I hopped on the under for the max. The total score of the game was around 19, and I cashed big. No way was luck ever involved in that transaction... Just me vs. a lot of people who didn't bother to check the weather report!

Cheers,
- Hakrjak

Nice!

 

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[Luke12321]

Awesome interview.

I listened to it all. Pretty crazy about the corner three. I was always taught the corner 3 ball was the worst shot to take, other than maybe a foot on the line three. Very interesting and eye opening! The only thing I ever did half way ok on was a small local D1 conference that I use to keep up with fairly well. I could usually do good early in the season but things would tighten up as the season went along.

 

[lightning]

This was interesting to me. To start, I agree with Biophase. Snowbank seems to have showed you some genuine interest. I would be sure to follow up on this, as you do not want to ignore or put off someone who is willing to give you a chance.

I also applaud you for being able to pursue something a little "different" here, despite criticism or those that say it will never work. Reason being, is that I have been doing just that for a few years now, only with trading and the stock market. If I had a dollar for everytime someone in my personal "peanut gallery" told me I was "nuts" for making a certain play in the stock market or doing things a certain way, I would be rich by now. However, MJ told me something years ago that always sticks with me, and that is; "Id rather be wrong and rich than right and poor". What that means is, let those who are sitting on the sidelines criticize. If you have found something that works, than RUN with it! You will never get anywhere if you dont take some chances.

I'm not ready to say anything yet in regards to my personal situation, but lets just say that line of thought has allowed me to reach some MAJOR personal milestones this year. And I can now honestly confirm...working hard and taking chances can pay off BIG.

Best of luck.

 

[Wetti]

Hi Guys,

I'm still searching sources where i can find investors.

I do everything to reach investors, but noone can help me.

I quit my job 1 month ago, to only concentrate on this way. But still i step on the same ground as 6 months ago.

My betting bank still increase. But NOONE wanted to help me. At Banks i have NO chance.

Private Investors still think: Betting = Pure Luck.



I showed them stats from the past 2 years. But the only one i got now has cancer and need the money for himself...



I dont know, for living the life i want to have, i only need a betting bank of arround 300.000€ but it seems sooo far away. At the moment my bank is 12.000€



I would be sooo thankful for everyone who can bring me in contact with the right people



Yeah Snowbank was willing to invest, but he was right in saying that he doesnt know me and it would be stupid to give me money without meeting me. But i'm willing to travel through every country, to every person, to show him what i can.

 

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[Wetti]

Please, i really need advice.

 

[sharky]

Wetti,
One of the crazy things about trying to find capital for your business is that when you really need it, nobody wants to give it to you, and believe me the smart money investors can sense any type of desperation. Then when you don’t need the money it seems like everyone wants to throw money your way because you have proven that are successful.
You say that you do EVERYTHING to reach investors, but what specifically have you done? Can you be more specific here? How about starting a blog revolving around your picks, specifically track every bet that you’ve made and post the bets and the outcomes for people to review. Maybe talk about why you are picking certain bets so you can align people with your thinking. If the blog proves to get traction then perhaps you start charging a subscription. If people are making money on your predictions by betting on what you are suggesting then you will build a loyal following, which will ultimately lead to the investors you may need. And in the meantime, you may discover that because your track record is so good, that you have developed loyal followers who are willing to pay you for your bets in the form of monthly/weekly/yearly subscriptions.

 

[MJ DeMarco]

How about starting a blog revolving around your picks, specifically track every bet that you’ve made and post the bets and the outcomes for people to review. Maybe talk about why you are picking certain bets so you can align people with your thinking. If the blog proves to get traction then perhaps you start charging a subscription. If people are making money on your predictions by betting on what you are suggesting then you will build a loyal following, which will ultimately lead to the investors you may need.

Legendary advice. This is a foolproof plan for getting investors. Speed+ (And welcome!)

 

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[darkjediii]

I agree with the starting a blog comment.. He already gives tips on a couple of subscription sites:

Tipster - Wettmeister

Tipster "Christian Feuring" - Football tipsters expert on Germany


Instead of repeating your "pitch" to everyone asking for funding, you can actually setup the blog to use as informational material as to who you are, your history, betting advice that shows your track record, positive feedback/testimonials from others via comments on your blog etc.. That way the qualified investors in this area will be more comfortable in investing because they have more information about you.

 

[Wetti]

As you mentioned right, i was at many picks sites where i prooven my quality and knowledge. The main Problem is that most of the people just dont trust "Gambling" the most Investors put Millions into Stocks and Real Estates, which brings them at the end much lesser than investing in my Idea and this is a fact ! But they are to blind to see, because the two other things are well known...



Ok sure i can set up a blog, where i can write my bets with analyses. But the main problem is to get the right people to the site. Means Marketing, which means again expenses and also not sure to get the right people to a site which has to do with " gamble"



@ sharky , I wrote to big Investors who are known to give RiskCapital , i've travelled to the countries here near to Germany to meet some guys. But all want to have securites, something i just can not give. I can not guarantee that i will never get in a bad periode, it will happens, but longtime they are on the winning side. poorly most of them want always winners, which is just shit. Sometimes i feel bad when i see that some Fakers who claim of hitting 95% winners get the money and me who is real and say that is not possible to be longtime more then 60% of the times on the right side has to fight for getting money...

 

[Sparlin]

Marketing is not always expensive, you just need to be strategic. Look up how Snowbank got his website on national news for free.

 

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[Stu_Hefner]

Hi wetty, nice thread. I use to go about sportbetting and casino betting in the same manner as you, these days I try and focus on stocks. But you are right, if your method works, run with it!

Have you tried looking at gambling forums? I use to post actively on punters lounge, there was sections that give their tips and systems and 100's of people followed it.

I've noticed everyone talking about subscription services and picks that you can post to build up investors/subscribers.

The Punters Lounge - The World's Best Betting Forum

Last when i was active, a man on this had a great horse laying system, I am not sure what the ROI of his system was (I can browse through and find them if you want), but he said he sportsbetted for a living. Anyway, he gave out his picks to members of the site, and they loved it. Whatever, his system was worked extremely well, eventually he sold his picks after a few months because he said it was too much effort posting on the forums, and a lot of the loyal bettors that used his pick, paid for the service.

Maybe you can also think about scouting forums that will make you trustworthy to the other bettors.

You have once again sparked my interest in sportsbetting, may i ask do you use independent bookmakers for all your bets?

Anyway, good luck with your strategy.

I think you should persevere finding other punters. Casino's and poker rooms always have a lot of people interesting in waging bets. These are the options you should look to explore, target the areas where gambling is an interest to people.

Look forward to hearing about your progress.

 

[Rickson9]

Seems like the "Fakers" can sell better than you since they cater to what buyers want.

"95% win rate*" can mean anything, and it sure sells better than "60% win rate."

Selling skills generate money.

Best regards.