Originally Posted by coach belly View Post
Originally Posted by mickeycrimm View Post
If you bet other people's money for a 10% take you are cutting your edge to less than 1%. So no, it don't make sense to make other people money when you can make it all for yourself at a very fast pace using kelly.
What about both betting his own money @ 9% return,
plus 9 clients @ 1% each?

Wouldn't that double his earn, with the same risk?

I remember stock broker friends getting signing bonuses in the form of forgivable loans, with the stipulation that they must use the loan principle to match the investments that they hooked their clients into.

That's pretty similar to what Integrity Sports does, and uh yeah...it makes sense to do that.
All the time, effort, and work that goes into recruiting clients,
making/updating websites, dealing with payouts, keeping the books, doing the seminars, needing to prove yourself (constantly having to tout your records), and whatever else goes into it shouldn't be worth it. Also, you're going to be limited, backed off, lose accounts, move lines, etc much faster for much less.

It isn't all bad if you are reaping their rewards and keeping them for yourself via cashback, reduced vig, free contests, loyalty points, bonus money etc.