The reason i am getting involved is because 3 or 4 poker players have asked me whether they should invest in this 'scheme' 2 of whom were going to invest substantial 4 figure sums and are good friends. They all respect my knowledge of sports betting given my success in the field. I have no needle with anyone here but i am giving a balanced opinion from someone who has worked at the sharp end of this game for 10 years on both sides of the fence as a trading director/senior trader for firms and for myself in the markets. I have a personal bf account which is miles into 2% and i have never been staked in my life preferring to do it the 'proper way' through hard work and solid bankroll management from a 4 figure starting bank at the start.
I have watched this thread for a while now after the poker players above asked for my advice some months ago and just dont see how the investment manager has any edge doing what he does.
For a start i would be happy to lay a big price he hasnt got a 2% bf account to start with which automaticaly reduces the bottom line profit straight away quite substantially over a season or in a reverse angle of thinking means he has to be more successful than a 2% punter to return the same level of return to them. Given he needs staking for this operation it would virtually impossible for his account to be anywhere 2% given the volume needed to be a 2% punter on bf and secondly given he is not a position taker on this operation i am assuming he is a 'green up' merchant on other betfair biz therefore making his commission level higher because of the way the bf commission structure rewarding position takers which he isnt.
Secondly does the investment manager actually know anyone who's money actually move these markets? I would be pretty confident in outside of Tony Bloom he couldnt name 5 people who make their living in the uk from betting soccer and are responsible for the market moves due to their success/skill in pricing games up. I am assuming he doesnt have the necessary skill they have to confidently price up games to the accuracy levels they do therefore he has to rely on other 'edges' to make a profit. I can only assume from his non involvement in the biggest gamble of the world cup by a mile preferring to focus on a rock solid eng v USA match which was never going to move at all that he does know no one ine the game who moves these markets otherwise he would have been all over the korea game like a ash. just do the maths on his total bank going on that game at 3.3 and greening up around 2.7 and then work out how much profit was lost. even if u assume 3.2 and 2.8 to avoid the extremes its still massively substantial.
There is still no reason at all for you to be getting involved. You say you have 3 or 4 poker players that want to get involved ...... fine - tell them its no good and be done, but there is no need to come on here and abuse what I have been doing.
The fact that you say you have 3 or 4 poker players wanting to invest "substantial" 4 figures I wanted to lol a bit. I already have numerous poker players involved, some currently the best in the country and they have 5 figure sums involved, so they obviously feel comfortable in doing this.
I also have never, ever claimed to have a 2% comission rate. Infact I think on atleast 8 different occasions I have stated via pm exactly what the current comission level is. I have also stated, if you had bothered to read the thread that this is a new account and therefore it would start of 5% commision. I have also stated numerous times the reasons why I was doing this and why it is in a different account to my main betfair account.
Yes I know a few people who moves the markets but why do I have to know them to know which way the markets will go?
All in all, your not welcome on this thread and generally after your episode on selling the WSOP package I havent actually seen how you have contributed to this forum as a whole.
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