For Pete’s Sake!!!! Football ROI Only 8% This Season

Thanks Pete!!!

Your silly call at the goal line dropped our 2014/2015 football ROI from 100% to a paltry 8%. Although it stings an 8% return on investment in six months when compared to what interest rates banks pay these days makes the pain subside just a little. Back in late July we invested 700 units in who would win the College Football Playoff. Our return was 1300 units when Ohio State ran over the Oregon Ducks for a net profit of 600 units. Had Seattle won Super Bowl 49 we would have netted another 600 units of profit on a 500 unit investment made in October. Thus we would have gotten a 100% ROI. Instead we must settle for our 8% profit and wait for another shot next year. If you purchased a common stock and made 16% in one year I think you would be pretty happy. I’ve taken a lot of heat for breaking one of my own commandments for “investing” in a repeat champion. Well one of the things playing the futures has taught me is to listen to the numbers and to be flexible. The bottom line is all that matters and our football season ended in the black. I had to laugh at an email I received during the season when a player told me he likes my futures picks but can’t afford to let the house hold his money that long and by the time the season ends he is out of money anyway. In other words he can’t afford to wait to win but he can afford to lose right now. Typical gambler’s thinking. Personally I still find playing the futures more fun and profitable than trying to beat the house week in and week out. I understand most of you need immediate action but I believe every sports bettor should invest at least part of his bankroll in the futures. So now our attention turns to March Madness and MLB is right around the corner. Good Luck to you all and thanks again Pete!!!