then there was the bookie who had mirror accounts at every commodity firm in Indiana, I don't know if he worked any other states. A lot of trades each month, but if you didn't bet with him, he closed his account and moved on.
I do both and I am constantly surprised at the similarities. The primary aspect that should remain constant is the money management. Bet size, drawdowns, risk, equity curves are all the same. There's a solid money management piece that I have used as a reference from time to time from Alpha Sports. http://www.scribd.com/doc/96346046/Alpha-Sports-Money-Management-Report Honestly though, the only difference is that one cannot hold a position in sports betting, you get closed out at the end of each day. Manage risk Manage risk Manage risk.
I do it for my job, im paid salary tho, for fact it is very possible to make money sports betting/investing its all odds and probabilities
I have been fairly consistany throughout the years. But, the NBA and NCAA hoops are the only things I am consistant in. Probably because there is a lot less randomness compared to other sports. If you can make a decent return in the NFL year over year then that is impressive.
You have to be a 24/7 expert to beat hoops... You must have played or coached the game at a high level... You must have quality inside information... Any sort of quantitative or technical approach is useless... It will have you betting against the wise guys every day.