General Betting
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A friend of mine has invited me into a syndicate which he says he's convinced will win consistently. Reckons he's analysed the data and it points to returns of around 80% per annum. My question to the forum, is this purely a con to try and raise capital and fail or are such syndicates real? He points to high data driven with historic figures, consistency, bets generally on favourites and short priced but selected with precise data and generally around tennis and NBA. Any feedback muchly appreciated.
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80% per annum? So you start the year with lets say £1,000 and finish it with £1,800? Well if the fee for the syndicate is free then I would go for it, worth a trial is it not? On the other hand if the syndicate requires fees sup front or your money up front...then its a scam.
+80% per year ?
must be a tiny amount of bets per year or a lot of tiny bets relative to bank size.
The way you've written up the proposition, it doesn't sound like this syndicate or your friend has any track record of successful systematic betting, or any kind of bank you would expect them to have accumulated if they were any good at systematic betting.
Only put the money in if you are happy to lose it and just want to enjoy the journey.
must be a tiny amount of bets per year or a lot of tiny bets relative to bank size.
The way you've written up the proposition, it doesn't sound like this syndicate or your friend has any track record of successful systematic betting, or any kind of bank you would expect them to have accumulated if they were any good at systematic betting.
Only put the money in if you are happy to lose it and just want to enjoy the journey.
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