“You can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett
Sports Investing translation – one of the cheekiest investment quotes from the greatest investor of all time. When applying to investing in sports the translation is simple – you can’t cheat the process! Investing outside your means and expecting to be successful is like spinning your fate on the roulette wheel. You must stick to a proven staking plan that is aligned with your bankroll – this is not a get rich quick scheme. Patience is a characteristic required to see any winning investment strategy through, and it’s no different here.
“Trading doesn’t just reveal your character, it also builds it if you stay in the game long enough.” – Yvan Byeajee
Sports Investing translation – the reality of this game (and the stock investing game) is that it’s simply not for everyone. Every successful sports investor has been through difficult times, and have got through those times by sticking to the process – having a strong logic-driven mindset. There is a journey that happens in becoming a long term investor in sports – skills are learned, battles are fought, and character is built along the way.
“Trading effectively is about assessing probabilities, not certainties.” – Yvan Byeajee
Sports Investing translation – there is no such thing as a certainty in sports betting – the term ‘lock’ is a laugh – plain and simple. Successful sports betting relies on hours and hours of research, modelling, data analysis or specialised expertise to arrive at a selection. Despite all this, there is still no guarantee of your selection winning – this time. A sports investor assesses the probability of its chances, and determines whether there is value in the price being offered by the bookmaker. If the true odds are less than the bookmaker is giving you, there is an +EV opportunity – it’s a bet.
“The market can stay irrational longer than you can stay solvent.” John Maynard Keynes
Sports Investing translation – one we love the nature of! This one leans into the common scenario of people having too high risk profiles during irrational times or downswings. Rationality is a perception of the mind, the terms ‘this has to turn soon’, or ‘I can’t be this unlucky for long’ are exactly the dangers John refers to here. There is not one professional sports investor on the planet that doesn’t experience some level of drawdown across a calendar year. You need to be able to emotionally handle downswings but more importantly, don’t make the mistake of thinking you know when a downswing has ended or worse, that it is ‘due’ to end. Manage the bankroll / portfolio well in downswings, and you’ll always be there when the market turns if you are betting with an edge in your corner. One of our favourite investment quotes.
“Diversification does not guarantee protection from losses. It provides a weighted-average return of the portfolio.” – Naved Abdali
Sports Investing translation – Naved Abdali importantly highlights that diversification alone does not guarantee performance or protection in one of his many poignant investment quotes. It is the overall strength of that diversified portfolio that will provide both. The key is to find multiple strategies that are highly effective, propelling the return of the portfolio upwards. At Tip Titans our focus is to bring you the best sports investors on the planet, so when diversifying your portfolio your weighted-average return is high. A well balanced, high performing portfolio (or team of Titans) provides an overall stability as you are not subject to any downswing in a singular sport. The Tip Titans platform has been built with diversification in mind. We have made it easy to add and trade Titans on your team without having to worry about multiple subscriptions – its all handled in one! It’s now time to Meet the Titans by clicking this link and start adding them to your team.