by Anton Johan
The idea that investing in the stock market is no different to traditional betting, is not a new one.
Yet, one creative new hedge fund has taken the concept to a higher level by investing contributions into sports betting.
Galileo Managed Sports Fund, a start up hedge fund, has managed to recruit 20 investors into its venture, each of who contributed over £100,000.
The fund then made literally thousands of wagers through UK sports betting sites each week, with the aim of increasing revenues significantly.
The results, of course, speak of themselves. The hedge fund announced that during the World Cup period alone, returns were an average of 8.58% on investments - not bad for 19 days of activity.
So what is the secret to Galileo's success?
The managing director, Tony Woodhams, said that the hedge fund only chooses bets that are based on statistics and trends.
This ensures that in the majority of cases, the bets will be paying off well.
He said that many UK punters made the mistake of betting on their favourite teams, without any consideration to what the statistics are telling them regarding potential payout on these bets.
He urged punters to wager less with emotion and bias, and more with their heads.
