Sport is made for betting

The anti-wagering media bandwagon has dozens of new members this week, all weighing in an industry they have absolutely no idea about. I'm all for getting the betting industry into the mainstream but it shits me no end when they roll out reports and celebrities who simply don't have a clue what they are talking about and don't bother to check basic facts which key arguments in their story. If this was the financial industry, making errors like this would have them in all sorts of trouble, but the same level of regulation doesn't apply because finance stock markets are supposedly all legitimate and serious, whereas sports betting is just a bit of fun for people who can never win in the long-term... according to the media. This week we have seen the sting by the Telegraph which, on the face of it, looks to be a tremendous piece of investigative work into fixing in English football. But the headlines around it are over-sensationalised yet again. Delroy Facey, a former pla...

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?