I'm Putting $10,000+ on Mayweather vs Ortiz

[BoxingGenius27]

I would say roughly about $1200-1250 for your $10,000. To make $10,000 you'd need to bet $80,000.

I prefer to bet on the stock market instead, high yielding bonds suit me better. I've made only one boxing bet in my life when I bet $1000 that Wladimir Klitschko would beat Sam Peter on points in their 1st fight. I got 13.5-1, so made roughly $13,000. I've not bet since, but as a separate experiment, invested that $13,000 in a single Brazilian medium term high Yield Bond. I sold last week when the US market and $ took a huge dive and made a 42% profit on the exchange rate, plus a steady 9.75% Dividend.

Holy ****... Brazillian mthyb? Never heard of it. I'll have to look into it.

Cong****, that's good stuff!

[| THE KING |]

Those numbers are low like that because of the market. They know people are losing left and right so they're using it as bait.

The only point you made is renting it out. This is true, but until the market completely recovers, they're doing nothing more than paying your mortgage. In other words you're breaking even with the bank. Unless you overly charge some knucklehead monthly rent.

As of right now, 8/13/2011, Floyd and Vitali have the quickest and higher returns, IMO. It's just a matter of figuring out this whole betting system.

They are low.. for now. Wait till the rates go up after the next election.

In bold.. someone else paying my mortgage/building equity on my property (while getting some extra income after all expenses) sounds nice.

Just looking out bruh.. do you mann.

[| THE KING |]

I would say roughly about $1200-1250 for your $10,000. To make $10,000 you'd need to bet $80,000.

I prefer to bet on the stock market instead, high yielding bonds suit me better. I've made only one boxing bet in my life when I bet $1000 that Wladimir Klitschko would beat Sam Peter on points in their 1st fight. I got 13.5-1, so made roughly $13,000. I've not bet since, but as a separate experiment, invested that $13,000 in a single Brazilian medium term high Yield Bond. I sold last week when the US market and $ took a huge dive and made a 42% profit on the exchange rate, plus a steady 9.75% Dividend.

Good to hear man! Most don't realize that a bad market.. can be exploited to your own benefit. When money is being lost... someone is gaining.

[edgarg]

Yeah, that is always a good rule of thumb.

It's always been the cardinal axiom for ********, from time immemorial.

[kiaba360]

Man, i wish I had 10G's lol, but anyway, I put money on Over 11 1/2 rounds for Floyd/Ortiz, and Over 9 1/2 rounds for Vitali/Adamek. I don't see Floyd getting KO'ed early on although there's a slim chance that can occur, and I think Adamek's decent movement will offset Vitali a little, so both fights will go into the later rounds.

[edgarg]

Considering the market? lol

I will lose more money on the market before on Floyd. Floyd/vitali have better returns than the market.

Floyd > Market

No the King is correct. I have been doing the same, I have my son travelling in Florida buying suitable forclosed and bank owned properties. There are tons of them, and we so have have acquired 6, of which 3 have alrady been rented. Depending on the location and price, as well as thew condition, it's a far better risk than betting on a boxing match. If you are good with home repairs, you are in a good situation here as there are many homes in good areas dirt cheap, which need repairs.

One problem is that there are lots of people with ready money who have the same idea and have cash too, so it's a bidding situation, uunless you can make the deal directly with the Estate guy representing the bank. Lots of bureaucracy involved, but you'll find, if you are young, that it's well worth it. Without my son, I wouldn't do it. years ago, when i was younger i did a ibit myself and found it just a matter of dealing with the estate agent.

ONE BIG PROBLEM. Should get rented as soon as possible as there are generally large HOA fees involved.........

[edgarg]

Wow in bold.

Low interest on mortgages + Near bottom/bottom prices on homes/condos + Renters market/Buyers market = Rent that **** out.. and get some income on the side (+ property).

Buy when others fear/Sell when others buy. Buy low/Sell high.

But go ahead and throw your 10k on Floyd.

KING...you and I should get together and talk about this.........maybe?

[BoxingGenius27]

No the King is correct. I have been doing the same, I have my son travelling in Florida buying suitable forclosed and bank owned properties. There are tons of them, and we so have have acquired 6, of which 3 have alrady been rented. Depending on the location and price, as well as thew condition, it's a far better risk than betting on a boxing match. If you are good with home repairs, you are in a good situation here as there are many homes in good areas dirt cheap, which need repairs.

One problem is that there are lots of people with ready money who have the same idea and have cash too, so it's a bidding situation, uunless you can make the deal directly with the Estate guy representing the bank. Lots of bureaucracy involved, but you'll find, if you are young, that it's well worth it. Without my son, I wouldn't do it. years ago, when i was younger i did a ibit myself and found it just a matter of dealing with the estate agent.

ONE BIG PROBLEM. Should get rented as soon as possible as there are generally large HOA fees involved.........

True, I wasn't considering Foreclosure's. It's a bit hard when you're already employed to put time in foreclosure's. I was looking at it from a "buying a regular house" approach.

But very good advice from you and King.

[RichardP]

1. You shouldn't be betting if you dont know how to play. (FACT)

[edgarg]

True, I wasn't considering Foreclosure's. It's a bit hard when you're already employed to put time in foreclosure's. I was looking at it from a "buying a regular house" approach.

But very good advice from you and King.

Try to get a good Estate agent whose company handles a bank's property affairs. You need to get a property of which you can take over the morgage, and when all expenses, mortgage payments, HOA, yearly repairs, and whatever goodies you "might" (be careful on this) give with the rental (like utilities or etc) will return you in the region of 10% or more, then you are in good shape. Also, VERY IMPORTANT, if you do go this route, build up a fund strictly for unexpected emergencies (new airconditioners, toilet broken, new appliances, etc)