70: Sports Betting: Invest with Vegas’s Best in This New Fund
Invest Like a Boss
Sam Marks Johnny FD Derek Spartz
4.8 • 518 Ratings
🗓️ 8 September 2017
⏱️ 60 minutes
🧾️ Download transcript
Summary
Chris Connelly is the founder of Contrarian Investment, an investment strategy in the form of sports betting on select NFL, NCAAF, NBA, and NCAAB contests. This is a new category of investment that wasn’t available to people before - ever in history.
On this episode, Chris shows why sports betting is the next big thing and foresees it to become a trillion-dollar industry. He explains how sports betting works and why it should not be considered a gamble, but an investment instead. Listen to the end to find out how to invest alongside Vegas’s best and see how your investments play out.
Link:
Where we are:
Eastern Europe: Johnny FD
Sam: Hong Kong
Las Vegas: Chris
Discussed:
Books:
Start Here – Recommended Reading
Time stamps:
7:33 – How he got into Sports Betting?
10:44 – How does a syndicate operate?
12:04 – What is a Bookie?
13:26 – Different ways to bet
16:32 – Vision for Sports Betting
18:57 – Legalization of Sports Betting
24:17 – Sports Betting as an investment
25:37 – Difference between betting with his own money and with other’s money
27:26 – How much do they bet in a time frame?
29:57 – What sports do they usually bet on?
30:34 – Point spreading
31:25 – Mayweather and McGregor fight
32:50 – Percentage of bet for a single play
34:36 – Returns and Profits
36:33 – Who are the investors?
37:16 – Investing on stock market vs. on sports betting
38:25 – Moving odds
44:25 – Administration of funds
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Transcript
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| 0:00.0 | Big, big thanks to FreshBooks, the super easy to use cloud accounting software. |
| 0:05.2 | FreshBooks is offering a 30-day unrestricted free trial to our listeners. |
| 0:08.6 | To claim it, just go to freshbooks.com slash invest and enter Invest Like a Boss in the How Did You Hear About Us section? |
| 0:15.3 | Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. |
| 0:19.4 | We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for a podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money |
| 0:21.4 | and use modern technology to invest like a boss. Join us each week for exclusive interviews with our |
| 0:25.9 | network of modern investors, business owners, and multi-millionaires to discover new ways to invest |
| 0:30.3 | our hard-earned cash. Hey guys, it's Johnny and welcome to episode 70 in the Invest Like a Boss |
| 0:35.8 | podcast. Here's Sam Marks. |
| 0:39.0 | Oh my God. Is that strong? Oh, it's like gas, Johnny. So Sam just popped open a bottle of |
| 0:47.9 | single malt whiskey sitting in Hong Kong. So actually, this whiskey was given to you and I as a gift from one of our members slash |
| 0:58.3 | fans slash listeners, Chen, in Hong Kong. |
| 1:01.7 | And I didn't realize that this is like one of the world's best bottle of whiskeys. |
| 1:06.1 | Nice. |
| 1:06.9 | Thanks, Chen. |
| 1:08.2 | Sorry, I'm all the way in Eastern Europe, and I can't enjoy this. |
| 1:11.7 | Actually, I guess I'm enjoying this virtually along with everyone else. |
| 1:16.8 | But you've heard of this whiskey, right, Johnny? |
| 1:18.8 | Yeah. |
| 1:19.3 | So you guys aren't familiar a few years ago, let's say the last 10 or 20 years, |
| 1:25.7 | Scotland would always win the world's best whiskey |
| 1:28.4 | awards. You know, you think about Scotch and the best whiskey. And then maybe five years ago, |
... |
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