Wednesday, April 18, 2007

Is Sports Investing Real?

You know, there is a real danger involved in the whole sports investing business. On one hand, there is the conception that we are putting a glossy spin on what is essentially gambling. Then, the opposite viewpoint is that our picks are meant to be surefire selections, hitting all the time. Well, I'm here to address both of these concerns, beginning with the second premise: why, if we are sports investors and do all this research, do our picks sometimes average to be 54%? (This has been our lowest winning percentage over a single month at PPB in the last year.)

The answer is simple enough. There are two forces at work. Short term VS long term, and the consequences of these two forces interacting are the crux of sports investing. We post month by month updates to give tangible evidence to our claims that we can make our members or the people who bought our product money...over the long term. Here in America, we are obsessed with making a quick buck. But that's not how life works. So we sit here, trying to put a smile on a situation, sometimes suffering through 1-6 nights...because the short term doesn't matter and you will have bad days. It is inevitable. But as long as you approach each wager and each new day with a certain mindset, you will see the fruits of your labor. Like anything in life, it really is a grind, and this is what we try to tell our members, but it's hard. It's something a person has to realize for themselves, something I myself--young as I am--am realizing right now.

Now, for the first concern. Are we putting a shiny gloss on sports gambling? Are we breaking down very complex and open phenomena into simple rudimentary facets that we can control for a profit? Well, yes and no. Obviously we are trying to get people out there who have a negative conception of sports gambling to try out what we feel is an underutilized economic opportunity. So we use the term sports investing, and elevate it above the base persona of the gambler--and in point of fact, there are differences between the investor and the gambler. Take a look at poker professionals and poker amateurs. Anyone is capable of getting lucky, of winning a big tournament or going on a hot streak, but who makes the most money? Who makes the most appearances at final tables in tournaments?

I use poker since it is still a relatively hot phenomena, and it exemplifies the very root of what I am trying to say: that sports investing is working with simple enough constructs, is building tough mental discipline, is focusing, and working off the long haul. Hey, quick bucks are out there. Other services who offer picks claim to make all their members quick and easy money, and while we claim to make our members money, we're not saying it's quick, and we're not saying it's easy. It may seem easy, but sports investing takes a lot. Read up on it. Study it. You'll see that it's very real, and very profitable. You just have to go at it the right way.

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