Over the past 48 hours, two major news events have dominated my social media. The first is bands of Redditors manipulating the stock prices of Gamestop, Nokia and AMC to interrupt hedge fund managers attempt to short sale. This has essentially frozen the sales of these stocks. The other is the return of the Drake Bulldogs basketball team, coming back from double digits down to beat a good Missouri State team on back to back nights. This improves Drake to 15-0 on the season. What is even more impressive is they remain perfect against the spread more than halfway through the regular season. It is very tempting to use this column as an extended middle finger against the people that did not support this endeavor from the beginning, yet are heavily invested in stocks and mutual funds. If you think about things rationally though, I am a much safer bet. The hedge fund managers will always have the large advantages. The one time the people turn the tables on them, new rules come in to restore the balance. Every time sports has been manipulated over the last 100 years, casinos have worked with the leagues to shut it down, even when it has involved the Mafia. I do well because I literally watch ESPN Plus all day every day, have a team of associates around, and stick to somewhat overlooked sports and conferences. That said, even if you did not want to put in much work, and simply followed the trends and put $200 on Drake, Belmont, and Grand Canyon every time out, you would be up $5,600 so far this basketball season. No one I know makes that off hedge funds in one quarter of the year. In conclusion, this pandemic has shown us that many of our traditional ways of generating revenue are not always sustainable. Making money of sports betting is the wave of the future, and I feel blessed to have a forum to help people be financially successful.
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