The Pyckio Blog

The Pyckio Sports Betting Fund

August 09 2016, 11:00 · by Daniel Mateos · 26 Comments

sports betting hedge fund

It has taken us more time than we expected but we’re now close to create hopefully the world greatest Sports Betting Fund. From a very low minimum investment you’ll be able to be part of the project as a shareholder of our company, in a Crowdfunding of which we’ll give more information soon. The funds raised will be used to keep on growing at Pyckio and mainly create all the legal and operational structure of the fund, that will be our new business line. All the shareholders will benefit from the business generated by the fund, in terms of management and success fees.

We will follow a mixed strategy to find long term value bets by using the recommendations of the best tipsters for each sport and competition and strategies generated internally by Pyckio based on Big Data. The analysis of Big Data will be carried out by qualified professionals part of our team.

The long term success of the hedge fund is expected to be based on detecting market inefficiencies. Bookmakers and betting exchanges set their quotes based on bets made by their clients. We know that individual clients don’t make their decisions in a rational way and that generates quote inefficiencies that can be taken advantage of, specially by using bookmakers with low margins. Also, even if bookers such as Pinnacle Sports do not limit bets from winners (it helps them fine-tune their quotes), operating through betting brokers remains a possibility.

The Hedge Fund will diversify by sports, competitions and markets. The intention is to build a portfolio of great analysts for each sport and competition we will be focusing on, and offer a variable remuneration depending on the actual results achieved though their picks. If picks are successful, (circumstance that will be based on several factors and in no case will be absent of risks), this remuneration might be higher than the amount received by selling individual picks to punters.

The due diligence process will be thorough. The Hedge Fund will be analyzing metrics such as market/competition liquidity (apart from the published picks), and carrying out a qualitative analysis including personal interviews in order to optimize the selection process.

Even if the hedge fund is not considering Live bets in a first phase, if you think you have a long term winning system or strategy in that market, with a good track record, you can show your interest through support@pyckio.com. Any source of alpha with the potential to increase the hedge fund’s return will be analyzed.

If you are interested, assuming any possible risk which you may be aware of, you can submit your picks at Pyckio.com. We will be watching all tipsters with positive numbers, and focusing on the ones that excel in a certain competition even if their overall numbers are not good enough to give them Tipster PRO status (Tipster PRO analyst are chosen based on their overall numbers for a certain sport, not for any specific competition).

We are confident in the future success and worldwide repercussion in the sports betting sector of this Hedge Fund, and we would be delighted to valuate your contribution in case you show an express and unsolicited interest in this project.

Daniel Mateos

Co-founder&CEO at Pyckio

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26 thoughts on “The Pyckio Sports Betting Fund”

  1. Diego says:

    Me preocupa cómo nos repercutirá la creación de este fondo a los que nos limitamos a seguir los picks. Entiendo que debería pasar una de estas dos cosas:

    1. Hacéis las apuestas antes de que se publiquen los picks o inmediatamente después: en ese caso, habréis movido tanto la cuota que se habrá desvanecido todo el posible value para los que tengamos que colocar las apuestas más tarde
    2. Hacéis las apuestas después de que se publiquen los picks: en ese caso no tengo ningún problema pues, en principio, no tengo pensado participar del fondo. Pero dudo que en ese caso el fondo resulte rentable: los tipsters con un edge claro también están moviendo mucho las cuotas al poco de publicar los picks

    Un saludo

    1. Daniel Mateos says:

      Hola Diego,

      Dependerá del deporte y mercado. No es lo mismo un Tipster que hace Premier League o Liga española de otro que hace Volleyball. Si después de entrar el fondo las cuotas han bajado con más o menos fuerza obviamente no ofreceremos los picks de ese tipster de cara a la venta. Habrá tipsters en exclusiva para el fondo y otros que podrían compatibilizarlo. También depende del tamaño del fondo. Según se vaya incrementando el patrimonio los stakes por apuesta serán mayores y por tanto la opción de exclusividad será la más seguida. En cualquier caso, tendremos en cuenta las cuotas post-fondo de cara a decidir si esos picks se venden o no.

      Saludos

      1. Diego says:

        OK. De todas formas, como sugerencia, creo que debería haber transparencia absoluta en este tema y deberíamos saber qué tipsters estáis utilizando para el fondo y cuáles no. El edge real de los tipsters es inferior a lo que puedan aparentar sus estadísticas a corto y medio plazo, especialmente en mercados tan competitivos como los que mencionas. Por muy poco que el fondo erosione el edge de estos tipsters, el value puede desvanecerse completamente

        1. Daniel Mateos says:

          Por supuesto, esta información será totalmente pública.

  2. Alex Braga says:

    Great information. It’s a great move to increase the variety of sports into a profitable portfolio.
    I’m hoping so .

    aaarzb

  3. Jeff Turner says:

    I am interested in being a part of this. What’s the minimum one can invest?

    1. Daniel Mateos says:

      Hi Jeff,

      Even though the hedge fund isn’t formed yet, we cannot give any kind of information in public as we have to comply with the legal restrictions about hedge funds marketing. Once the project is more advanced you will be able to contact us and make the queries you want.

  4. Carlos says:

    Buenas tardes Daniel.
    Me gustaría mucho que me mandaras un correo a la dirección indicada arriba en los requisitos para poder iniciar una conversación sobre este tema, tanto para querer/poder ser/intentar ser analista como invertir.
    Espero su respuesta vía email. Gracias.

  5. Nelson says:

    Mi nombre es Nelson vivo en Honduras en los últimos años he tenido resultados muy positivos en las apuestas en la liga de mi país donde conozco perfectamente cada equipo lo interesante que observe es que las casas de apuestas al no tener mucha información ha cerca de nuestra liga denominada pequeña , fijan cuotas que realmente son ridículas y es de esta forma que me aprovecho y he tenido ganancias importantes. Ya que es aquí donde se encuentra el verdadero error .me gustaría formar parte de este proyecto y pediría que pongan más atención donde las cuotas están desvalanceadas ally es donde está el dinero saludos amigo

    1. pa2 says:

      Imagino que tendrás que demostrar que eres capaz de encontrar esas cuotas metiendo tus pronósticos en Pyckio

  6. Rogério Marques says:

    Estou interessado em saber como funcionará

  7. Juan says:

    podeis contar conmigo!

    saludos

  8. Cesar A says:

    Me apunto, por favor enviar información completa cuando todo este listo

  9. Ivan Pérez says:

    Yo tengo buenos datos frente apuestas deportivas futbolísticas en ligas europeas .. Pero mi metodología no va ni en handicap ni en simple 1X2.

  10. Rubén says:

    Buenas noches,

    Realmente es una iniciativa muy interesante. Me gustaría saber como se podrá invertir en este fondo, si tendrá alguna similitud con las inversión bursátiles y a que regularización se acogerá.

    Gracias por adelantado,
    Rubén

  11. Sebastian Cea says:

    Estoy muy interesado en esto, ojalá se pueda mandar más información a mi mail.

  12. Daniel G. says:

    Genial! A seguir trabajando en esta gran iniciativa. Me gusta bastante. Existe un futuro enorme en este tipo instrumentos financieros que no tiene nada que envidiarle a los tradicionales.

  13. Whistler says:

    I know of 3 similar projects, the first one ended with all the money being lost and the main person behind it committing suicide because of it! The other two that I invested in both ended with a greedy person on the inside simply stealing all money. But the concept is good on paper. Big responsibility and pressure handling money and bets from people though. Small margins and fees that can eat up everything, but if it can work somehow it can be good, but not easy to do! And if you plan on using bets from tipsters on your current platform you will probably just snatch up everything so on one else can bet on those games which is a shame because I like your current platform and would be sad if you would kill it with this.

  14. Erik says:

    If you are going to use tipsters from the site, you MUST only take the BIG markets and/or wait to just before the game starts or play them live! Otherwise you crash the market and the people that follow those tipsters can’t do that! If you have good people that run the fund that should work just fine! Not fair at all otherwise to the people that has paid and follows the tipsters you plan to use!

    Personally I think it’s much better just to recommend bets so people can decide for them self, and bet what they want and keep all the profit. Sure takes more time but no matter who is behind you have to trust someone you probably don’t know to handle your bank/money! And margins aren’t that big in betting so fees that’s surly will be higher than to just buy tips, can eat up most/all the profit.

    Please be careful, imo just keep the site as is please! This could be very bad for this great site!

  15. Jordi says:

    Creo que deberíais esperar un tiempo antes de poner en marcha el hedge fund. Las razones son las siguientes:

    1) Si hacéis una simulación de resultados con los tipsters PRO de 2015 el resultado no es bueno.

    2) La probabilidad que aparezcan nuevos tipsters auténticamente rentables crece con el tiempo. Ahora hay más que en 2015 y probablemente menos que en 2018.

    3) La probabilidad que los tipsters no rentables pierdan el status PRO crece con el tiempo.

    4) Pyckio ya da beneficios y crece sin el hedge fund

    5) El proyecto de hedge fund no tiene sentido a corto plazo. Empezar uno o dos años tarde es un precio muy bajo en relación al riesgo de tener pérdidas iniciales y perder recorrido posterior.

  16. Raul says:

    Buenas tardes , estoy interesado en formar parte de este proyecto, he detectado algunas cuotas en tenis que sigo estudiando y llegado el momento me gustaria comentaros, llevo poco en esto y en mis picks a veces no me atrevo a meterles por miedo a perder rating, pero luego cuando sale me doy cuenta que en el 90% de los casos hubiera acertado, como os comente lo sigo estudiando, gracias y espero toda la informacion posible.

    1. Daniel Mateos says:

      Hola, simplemente mete tus picks en Pyckio para demostrar tus resultados. Saludos!

  17. Alex Braga (addax) says:

    Hello Daniel, I had already expressed my interest in this initiative, but, I have some doubts regarding the operational format of this fund:

    1 – Is there a minimum deadline for quota redemption?

    2- What is the criterion for defining the bet stake? Will it be applied on existing capital? (This question is mainly related to the prospect of redemption in the fund).

    3- How much betting do you intend to make monthly? (

    4- It is very important to know the criterion applied for the selection of bettors. We know that many bettors show good results (apparently) with small wallets (<1000 bets). On the other hand we have bettors who do not seem to represent a positive outcome of their portfolio, but are quite effective in certain types of bets or odds ranges.

    I hope to help them with these questions and makes me willing to participate in this fund.

    greeting

    1. Daniel Mateos says:

      Hi Alex,

      We’ll require an extra level of expertise to participate as fund analysts. Qualitative analysis such as personal interviews will be made, and of course not all our PROs will be offered to take part. Moreover, liquidity of the competitions where the tipster tips will be taken into account. Liquidity is a critical factor if we are to manage a sports betting fund.

      About the other questions, rigth now we cannot give more info. I just can say we’ve got some PhD and experts in Statistics collaborating with us, we’ve got proffesional experience as managers of financial portfolios and we obviously know how the professional betting world works. The fund will be managed trying to maximize the return for a certain level of projected risk, just like any other fund. The difference is that we’ll are very likely to provide a much higher return for the same level of risk.

      Hope this helps.

      Regards!

  18. Jay says:

    This sounds like a bad idea for people who just want to buy picks and do not want to be part of the hedge fund. I do not want to be part of any hedge fund either. I prefer to place my own bets and be in total control of my own funds so I do not see the point of the hedge fund in the first place. This sounds like the hedge fund will be taking the picks of any of the good tipsters, which raises the question of why anybody else who is not in the hedge fund should bother subscribing to any of the tipsters on Pyckio either.

    Can you explain some more about this please? Also when do you expect this fund to start because I think I will be finished with Pyckio around that time.

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