Even for a world class sports bettor like Adam Meyer, President and CEO of Real Money Sports, Inc., operator of sports handicapping website www.adamwins.com, it’s unusual to be guaranteed at least a six figure windfall by the conclusion of this season’s World Series. But, thanks to astute wagering, he is in precisely that situation. Meyer’s big-money odyssey began prior to the playoffs when he wagered $100,000 on the St. Louis Cardinals to win the Series.
He made his bet at the M Resort and Casino, in Las Vegas, where the odds were 15-1 while everybody else seemed to be offering the wager at 10-1. That alone may have presented good reason to place the bet. But Meyer saw additional upside. “I felt strongly about the way the Cardinals had ended the regular season,” says Meyer who successfully wagered $300,000 on the 2009 NFL playoffs and $1-million during the 2010 Super Bowl. “Add the equation of the veterans in the lineup, along with ace pitcher Chris Carpenter, and there definitely was value at 15-1 odds.”
Meyer makes a point that what he does is more about investing in the outcomes of sporting events rather than gambling in the more traditional sense. For example, instead of going for $1.5-million (which, a $100,000 bet at 15-1 odds will yield if the Cardinals prevail) or nothing (if the Cardinals lose), Meyer views his current position as a perfect hedging opportunity. While he’ll be happy to scoop the full amount if the Cardinals take the Series, he’s also prepared to begin betting big on the Texans in order to guarantee a healthy return one way or the other. “These bets are about a business opportunity,” says Meyer who has devised profitable approaches to sports investing for himself and for his AdamWins.com clients. “I will make a substantial amount of money regardless of who wins the World Series this year.”
- Jay Johnson, Special Contributor to Gambling911.com