Hunches Mean Squat: How a Professional Gambler Invests in Sports
| By Inspin.com on Jul 20, 2012 |
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By Justin Rohlrich. Originally published on Minyanville.com
Jimmy (not his real name) bets tens of millions of dollars each year on sports. But he’s not a gambler. See, gamblers gamble. Jimmy invests. A math major in college -- with a minor in Chinese -- Jimmy started his fund six years ago with a partner and a bankroll of several million dollars, courtesy of two “angel investors” from Eastern Europe. He’s what would be described as a “quant” in finance ci...
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