Gambling News – A startup hedge fund based in London has turned a novel idea into a profit machine. Rather than pouring investments into traditional markets, the group has decided to use its investor’s funds to bet on sports in the UK. This bold move has, so far, been serving them very well.
The reasoning is simple: sports results are easier (and more fun) to predict than the stock market. So far, the Galileo Managed Sports Fund, which started up back in April, has recruited 20 investors, each contributing $125,000 or more. This money is used to make thousands of sports bets every week, presumably though online sportsbooks in the UK.
