For many, the name “Billy Walters” still evokes feelings of awe and respect, even though he has been disgraced. This is not only because Billy Walters was one of the best sports bettors in the world but also because he made it known that he had won over $10 million betting on sports. The media’s focus on his fall from grace (he was convicted for insider trading) makes it easy to forget that at one point his career as a professional bettor was almost flawless. He lost money on a few games through the early years of his career and established himself as a force to be reckoned with by other gamblers.
Few people can boast of having gone head-to-head with Billy Walters. However, that’s not the case with Jeffrey M. Pollack who has spent years building his profile as a sports bettor. He is especially noted for investing in the sports wagering industry by taking advantage of ever-expanding opportunities to place bets on various events through the internet.
The results obtained during his career have granted him great respect within certain circles, but many are unaware of this man’s betting prowess. Part of the reason was that he largely kept his activities away from the media to avoid drawing attention to himself and exposing himself to possible legal repercussions. But now that he has retired from active betting and is more involved with advising investors, there is no longer any need for him to withhold information about his previous dealings.
Jeffrey M. Pollack made his mark as an adviser and investor in the early 2000s, but he began betting on sports games at a much younger age. He would usually bet with small amounts during college and was not very successful until he decided to hire a professional for help. The person who helped him achieve such great results is unknown to this day, but it has been suggested that Drew Dinkmeyer was the one responsible for improving Jeffery M. Pollack’s success rate when betting on sports games through statistical analysis of teams involved in various matches.
For more than ten years Jeffrey M. Pollack managed to meet or exceed expectations by consistently placing smart bets based on data gathered from performance ratings of players/teams, injuries, or other relevant factors.
It also helped that he was very careful to stay away from making bets on games featuring his favorite teams, which helped keep him objective when analyzing data. The fact that there were no emotional ties involved in his decisions contributed significantly to the success of his career as a professional gambler. As it gradually became more difficult to remain unknown thanks to the internet, Jeffrey M. Pollack decided to focus more on advising investors rather than betting himself.
As an adviser, he has worked with major companies such as MGM Resorts International and Boost Gaming, both of which are dedicated primarily to online sports betting through their brands “MLife” and “Cantor Race & Sports Book” (see here) He also co-founded Revolution Money an internet payment system, which he sold to American Express for $300 million dollars.
Jeffrey M. Pollack has created the SportsMoney index, an investment vehicle that tracks various sports wagering companies listed on Wall Street. As of 2021, his net worth was estimated at over $200 million, but due to close ties with major investors in the industry, it is likely that this figure will increase significantly over time.
So you see there are people out there having a profession and making their living out of betting and making smart bets and they´re not only some random guy with a computer betting online. There are big players/investors who do their research before placing bets and find value in those bets.