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The James Altucher Show

How To Make the Best Sports Bets | David Beaudoin (aka Professor MJ)

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 25 November 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

20 years ago, I used to make a living by statistically analyzing the behavior of stocks. I would make a trade when my statistics would show I would have a certain advantage in different types of trades. The system worked for a really long time, and eventually, I created a career out of this.Imagine if you could do things like this with sports, which is a much more inefficient market.This is what David Beaudoin - better known as "Professor MJ" - has been doing for 20 years: using statistics to analyze sports bets...and he's never had a losing year.Several years ago, he retired from being a statistics professor and dedicated his time to beating the sports books and he also shares his picks!Here's how he does it and how his life has changed by doing it.Smart sports betting - Professor MJ - Sports InvestorMJ PicksProfessor MJ on YouTube-----------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

20 years ago I used to make a living by statistically analyzing the behavior of stocks,

0:14.4

and then I would make a trade

0:16.1

when my statistics would show

0:18.7

I would have a certain advantage

0:20.0

in different types of trades.

0:21.6

And the system worked for a really long time

0:24.2

and eventually I created a career out of this.

0:27.3

Well, imagine if you could do things like this

0:30.7

with sports, which is a much more inefficient market, if you want to call it a

0:35.9

sports betting market.

0:38.0

And you want to know how I know you can do this is David Bedoyne has been doing this for 20 years using statistics

0:45.8

to analyze sports bets and he's never had a losing year he recently or

0:51.8

several years ago he quit his job and does this full time now and he also shares his picks

0:56.7

So here's how he does it and here's how his life has changed by doing it. average host. This is the James Altzer Show.

1:13.2

David, how do you say your name? Bo Duane? Yes, David, Bo Duane, I know it's hard to pronounce in English.

1:30.0

Bo Duane, yeah. You're from Quebec? Yes, exactly. So how did you get into sports betting?

1:38.5

I got started in 1999 when I my uncle told me about those brand new online sports books and I was like, oh, let me check that.

1:50.0

And then I realized something that really changed my life.

1:54.0

And that is that the odds between the different sports books were so different

2:00.0

that there were many arbitrage opportunities. An arbitrage opportunity means that if team A is playing team B,

2:10.0

you could potentially bet both teams in two different sports books and lock yourself a guaranteed profit

2:17.6

no matter which team wins the game.

...

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