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#2
10-19-2007, 10:44 PM
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Re: You need to show results before you get any respect.......
good luck, fido...
normally i'd fade this kind of post, except the 'respect' line threw me for a loop, and now i dunno...you could end up being this season's version of winning hundreds of cows, or i could be missing an opportunity to win by fading.. hmmm... 
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#5
10-20-2007, 12:14 PM
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Re: You need to show results before you get any respect.......
Eh, it's not like he loses anything by going tout. Who can argue with making more money?
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#6
10-20-2007, 12:41 PM
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Re: You need to show results before you get any respect.......
I could return my empty wine and beer bottles and that would be more money but it isn't worth it.
Same applies for touting. I use to get cold calls from all the tout services in the 90s. Based on what they were pitching the money just isn't worth the trouble for anyone who is actually good at it. The closest I have ever come to selling picks was a straight trade of my football and hockey picks for someone else's baseball. I did that for 2 years. I don't even share picks with my friends. If someone is willing to sell picks for $500-2000 a season then I wouldn't trust them since he obviously needs the money so probably isn't that well established.
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#7
10-20-2007, 12:48 PM
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Re: You need to show results before you get any respect.......
[ QUOTE ]
I don't even share picks with my friends. [/ QUOTE ] Sound like a great guy...
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#8
10-20-2007, 01:06 PM
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Re: You need to show results before you get any respect.......
Henry are you serious? Why do successfull stockbrockers manage money? Why don't they sit home and crush it in their own accounts? They want to reduce variance, get some gauranteed income and this does not mean they can't be profitable on their own.
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#9
10-20-2007, 01:48 PM
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Re: You need to show results before you get any respect.......
The stockbroker analogy isn't accurate. The amount of money managed is sufficiently large that taking a percentage for managing it is significant. That is not true for selling picks.
Reducing Variance is great and it almost makes it sound legitimate until you think about it. Given what the avg tout service charges the total revenue from selling picks vs what I'd expect someone to be wagering the effect on their variance would be insignificant. If it is significant then they must be making fairly small personal wagers and I'd question why they are so conservative with their own money yet feel comfortable selling their picks. The only way I'd agree with your points is if we are talking about someone who either charges a very significant amount per season or someone who sells thousands of packages. --------- [ QUOTE ] [ QUOTE ] I don't even share picks with my friends. [/ QUOTE ] Sound like a great guy... [/ QUOTE ] Wealth is relative. If everyone had a million then being a millionaire wouldn't be special.
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