The Priomha Group achieved returns of over 220% since its inception, with positive returns in 77.8% of months.
Liquid sports like soccer and cricket are preferred by the fund to ensure easy entry and exit of trades.
The Priomha Group utilizes quantitative methods and algorithms, emphasizing thorough data analysis and disciplined betting strategies.
Deep dives
The Role of Trade the Pool in Funding Stock Traders
Trade the Pool is an online stock trading prop firm that funds stock traders. Traders can showcase their skills, trade with the firm's capital, and keep their profits. The process involves paying an evaluation fee, passing the evaluation, and receiving funding.
Brendan Poots and the Prihoma Group Sports Betting Hedge Fund
Brendan Poots, founder of the Prihoma Group, is interviewed. The Prihoma Group is a sports betting hedge fund that focuses on sports like soccer, cricket, golf, horse racing, and tennis. Since its inception, the fund has had returns of over 220%, with no losing years and positive returns in 77.8% of months.
The Importance of Liquidity and Risk Management in Sports Betting
In sports betting, liquidity plays a crucial role in managing risk. Brendan explains that the fund focuses on liquid sports like soccer and cricket to ensure they can enter and exit trades easily. They also mitigate risk by hedging positions and actively managing trades in play to minimize losses.
Underlying Strategies and Quantitative Methods in Sports Betting
The Prihoma Group uses quantitative methods and algorithms to identify value in sports betting markets. The strategies include market strategies tailored to specific markets and replication of successful trades. They emphasize the importance of thorough data analysis, backtesting strategies, and cherry-picking trades with a clear premium.
Addressing Misconceptions and Risks in Sports Betting
Brendan addresses misconceptions about sports betting, such as the belief that matches are fixed. He explains that match-fixing tends to happen at lower levels of sport, which the fund avoids due to low liquidity. Moreover, he highlights the importance of understanding the sport and adopting a disciplined approach to betting with prudent money management.
Brendan Poots is the founder of sports betting hedge fund, The Priomha Group, who mainly bet on football, cricket, golf and also horse racing and tennis.
Priomha setup shop in Melbourne (Australia) in 2010, and more recently, have expanded with a second location in Gibraltar (Europe). From inception up to the release of this episode, Priomha’s Cloney fund has returned a little over 220%.
From listening to our discussion, you’ll gain great insight to how Brendan runs his operation—from getting investors to buy in, to controlling risk and minimizing the volatility of returns, and how the fund makes money trading sports games.
