Archive for January 12th, 2017

Forget NFL, NCAANFL football is where the betting profits lie01.12.17

Many newer bettors reason that since NFL games are where the big action is, both in terms of viewership and dollar amounts bet that they should concentrate all of their football betting on that one sport. And there is some reason for them to think this way. After all, the biggest sports bettors in history like Billy Walters and Lefty Rosenthal made large portions of their sports betting fortunes specifically on betting the NFL. But for a newer sports bettor, there are many downsides to betting on big money games like the NFL. In fact, the NCAA holds some major advantages for newer players precisely because the average NCAA football game has vastly less interest and less money going into it. Let’s take a look at some of the problems with NFL betting and how those problems are either absent or resolved in the context of NCAA football betting.

Big-money means big-time competition and low edges, if any

Here’s the first thing any entrant to the world of sports betting should realize: The sports betting market is a financial market. All the rules of finance apply to sports. One fundamental truth of financial markets that you’ll hear guys like Warren Buffet talk about is how much easier it is for those with less capital to make x% per year than if they had much larger funds. The reason is because as capital increases, the universe of possible bets decreases dramatically. If Warren Buffet wants to make 20% a year, he’s looking to keep 200 billion plus dollars invested at all times. All the companies with that kind of market cap are analyzed to death by the best minds in finance because so much money is at stake. Thus it becomes very hard to find pricing errors at that level.

Exactly the same thing is true with sports. NFL football games are the sports equivalent of Exxon Mobile. The absolute sharpest handicappers and syndicates are all analyzing every game with huge staff and resources. Pricing errors are extremely rare. This makes it difficult if not impossible to find edges on NFL games unless you’re one of the best of the best. For more on NFL odds see covers.com.

With NCAA football, you can find games where there are only a few hundred bets being placed at a given sports book. No one is spending too much time analyzing inconsequential Division III games. This means pricing errors abound and, although you won’t be able to bet $1 million on a given game without moving the line, you can bet $1000 with a 20% edge. For more on NCAA football odds please visit covers.com.

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George Soros fighting back against discriminating Policy01.12.17

George Soros has become known as one of the top liberal donors, dedicated to judicial system reform. His most recent target was Arizona Sheriff Joe Arpaio, who works for Maricopa County. Soros spent $2 million trying to unseat him in the recent election. George Soros launched a PAC, ‘Maricopa Strong’ which has gained contributions from several big name liberals including Texas billionaires Laura and John Arnold, who has given $500,000 and also widow of Apple CEO Steve Jobs, Powell Jobs, who handed Maricopa Strong $250,000, in hopes of reforming the justice system.

George Soros has spent millions since 2015, funding campaigns across the country to elect new local prosecutors who are aligned with causes supported by Soros and his PACs. George Soros funded groups are furiously spending millions in three district attorney races in Texas and Colorado. George Soros has contributed $1 million to a local race in Harris County in Houston an Soros has given at least $1.5 million in Phoenix’s Maricopa County.

Sheriff Joe Arpaio has been labeled and seen as a villain to the Democrats. George Soros’ contribution against Sheriff Arpaio, is his first against a sheriff. Maricopa Strong has spent almost $3 million in TV ads and mailers promoting Democratic candidate Paul Penzone, while also slamming Arpaio on numerous issues. One ad claims rapes and assaults have gone on without proper investigation.

Soros associates say he has strongly invested in defeating Sheriff Joe Arpaio for two reasons. First, Sheriff Arpaio has violated civil rights and abused his office. Second, his influence on the country’s conversation on Biography about immigration has poisoned the country.

Soros’s PAC on Time previously attempted to oust Sheriff Arpaio in 2012 but was unsuccessful, which only caused George Soros to contribute even more and bring a stronger message. Soros advisers say he will continue his financial support of candidates who share his same values, as long as the justice system is not fairly serving all people. Source: http://www.nytimes.com/topic/person/george-soros

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