Most people think that sports betting is about finding ‘sure things,’ but in reality such ‘locks’ are nothing more than gamblers’ fancy. Just as in real estate, currency, stocks, or any other speculative market, ‘sure things’ simply do not exist. As a professional sports bettor, my goal is to find and exploit many small edges over a long period of time to earn a compounding return. Winning 55% of games is very significant, and with very conservative bet sizing, you can grow your return very quickly. Investing $10,000 into the stock market for a year and earning a 10% return is considered a great investment – but your return winning a modest 54% of your sports bets would trounce that return.
"Performance chasing, the root cause of many investors' travails, has three inextricably linked components. Rising valuation levels of a stock, sector, asset class, or strategy inflate past performance and create an illusion of superiority. At the same time, rising valuations reduce the future return prospects of that stock, sector, asset class, or strategy, even if the new valuation levels hold. Finally, the higher valuations create an added risk of mean reversion to historical valuation norms.
"Is the financial engineering community at risk of encouraging performance chasing, under the rubric of smart beta? If so, then smart beta is, well, not very smart."
Sport wagering is more and more common
now that internet sportsbooks are making it possible for anyone with a smartphone or computer.
I make sports events investing easy for beginners by
focusing on world-class results, goal setting features, and low-cost portfolio management. I want to be like a combo of Fiverr, Betterment, and Wealthfront for sports events investing.
There are basically two ways to win consistently at sports betting. 1) Either to have inside info about a game or 2) be able to process more info than most about a game. I choose the latter.
Like Wall Street firms employing quants and algorithms to improve trading ability, the secret to my success is my proprietary math models' abilities to collect, leverage, and process thousands of data points daily to indicate the highest probable winners versus point spreads for the NFL, NBA, and NCAA, plus moneyline winners for MLB, football (soccer), and the NHL
Inside the SportsRobot™, my predictive algorithm, is a world-class algo made from the highest quality ingredients.
Each day, the SportsRobot™ stats and descriptors:
1. say who they faced (specific opponents),
2. the current state of several seasonal phases (moving averages)
3. and measures of variability.
A unique feature of my SportsRobot™ Algorithm is it daily RANKS TEAMS ONLY ACCORDING TO THE DAY'S SCHEDULE. My exclusive, proprietary version of a sports smart alpha.
Alpha in investing is the active return on an investment and gauges the performance of an investment against a market index or benchmark which is considered to represent the market's movement as a whole. an example being what your portfolio is compared to the S&P 500 Index or Dow Jones Industrial Average. The excess return of that investment relative to the return of a benchmark index is the investment's alpha. which can stem from skillful stock selection or superior investment strategies.
Smart alpha strategies are rules-based and are constructed to target risk factors.
My sports smart alpha, assigns tailor-made different weightings and selects teams (like stocks) which fit my strategies' team-selection rules, including exposure to my desired investment factors (low volatility, for example). Though these are passive investment strategies, they carry an active slant by updating, ranking, and grading all teams and those teams' particular game match-ups EVERY DAY.
Over 10 years ago Mark Cuban liked our idea!
"Monitoring the performance of companies is not as easy as monitoring sports teams."
Nov. 27, 2004
Nov. 27, 2004
We make sports events investing easy for beginners by focusing on world-class results, goal setting features, and low-cost portfolio management. About three quarters of Sports Portfolio's users are between the ages of 18-34, with an annual income under $100,000. Through research we have found our user's average savings for extra monthly investing is $200. Our typical customer uses their "spare change", as we put it, averaging about $100 each month. Most asset managers consider accounts that small not worth the hassle.
The Supper Club is SPORTSROBOT's vision of what a secure, easily managed, top-class robo-adviser for investing in daily sports contracts should be. The daily contracts are for NFL, NBA, MLB, NHL, and NCAA sporting events.