Media pundit declared bankrupt

Not the first one and certainly won't be the last one.

BBC article

Too many 'experts' in the media might be great tipsters, but as money managers they are completely undisciplined. The guy I thought was the best judge on Melbourne racing used to act like a desperate in PubTABs (betting agencies inside a pub) on a Friday afternoon, traditionally some of the worst quality racing in Australia. It made it very hard to take his advice seriously even though you knew his judgement calls were well researched.

95+% of punters lose overall, the ones doing it for a living in the media generally aren't the guys who are winning - otherwise why would they need a job?

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Spot-fixing - you will never, ever be able to stop it

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Sport is made for betting

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