Punting Hedge Fund

[Shaun]

https://youtu.be/yEIEAEJpmSg

[UselessBettor]

Ive looked at them before. They do well. Minimum investment is 100K though I think from memory. I think its too keep the number of investors down.

I've always wondered what is the diffference between that and the Bill Vlahos punting club (or any other punting club). Bills went bust and news reports were that he was providing false information.

Did they set it up as an investment fund to give more confidence about it. Why couldn't they have just setup as a punting club and not had to follow so much legislation (and reduced their costs).

[Shaun]

May have been a tax issue or just a way to attract the right type of investors.

[UselessBettor]

I always wonder why bother though. It gets hard to turnover large amounts of money (20K and higher) at good odds. Getting the right odds is important and the more you put on it the worse the odds get.

THe only good thing about bringing others on board and taking a commission is you now have reduced your risk profile but you have also substantially reduced your own returns.

[partypooper]

UB, we both know what the "score" is without mouthing it. but in short there will be only 1 winner with these schemes and I can't envisage UB or PP being that 1, hahahh!