Wayne Root - Standard Deviant!
Wayne Root owns a Las Vegas-based company called Global Sports & Entertainment that recently became the first sports selection service to become publicly traded.
In a recent news release, it touted Root's second-consecutive year with the best winning percentage with those on a 900 line as tracked by The Oklahoma Sports Monitor (www.thesportsmonitor.com) in handicapping either college or pro football. Handicappers pay a fee to The Sports Monitor, then turn in their selections each week, with the company tracking their records. The Sports Monitor posts the top records for free on the Internet, but someone looking for the entire list must subscribe and pay an annual fee.
Root's Chairman's Club had the best winning percentage of the 900 lines monitored by The Sports Monitor during 2001 NFL regular season games. He was 21-11, hitting 65.6 percent.
But Root's performance in the 2001 NFL season was not 65.6 percent. He had four other services customers could use, The Millionaire's Club, The Founder's Club, The Fortune 5000 Club and the Board of Directors Club, and was far less successful overall than he was in the Chairman's Club.
Root's overall record as documented by The Sports Monitor for 2001 NFL games was 50-42. A bettor who wagered $110 to win $100, which is an average bet for a typical local sports bettor, would have won $380. That, however, was before factoring in the cost of buying Root's picks.
It can't accurately be gauged how much the picks would have cost because some come in small groups and others are single selections. Since Root charges $100 for calls to The Millionaire's Club and The Founder's Club and $50 for calls to The Chairman's Club, it would cost at least $8,000 to have bought all of the picks Root made.
Root doesn't dispute his record, but says his customers typically bet far more than $110 per wager. In football, the house odds are 11-10, so bettors have to put up $11 for every $10 they want to win. Root said the majority of his customers wager between $1,000 and $3,000 a game and about 25 percent wager $5,000 or more.
At the winning percentage Root had this year and the prices he charges, a bettor would need to have bet about $5,000 a game to break even. Root, though, makes no apologies and insists his advertising was not deceitful.
Wayne Root owns a Las Vegas-based company called Global Sports & Entertainment that recently became the first sports selection service to become publicly traded.
In a recent news release, it touted Root's second-consecutive year with the best winning percentage with those on a 900 line as tracked by The Oklahoma Sports Monitor (www.thesportsmonitor.com) in handicapping either college or pro football. Handicappers pay a fee to The Sports Monitor, then turn in their selections each week, with the company tracking their records. The Sports Monitor posts the top records for free on the Internet, but someone looking for the entire list must subscribe and pay an annual fee.
Root's Chairman's Club had the best winning percentage of the 900 lines monitored by The Sports Monitor during 2001 NFL regular season games. He was 21-11, hitting 65.6 percent.
But Root's performance in the 2001 NFL season was not 65.6 percent. He had four other services customers could use, The Millionaire's Club, The Founder's Club, The Fortune 5000 Club and the Board of Directors Club, and was far less successful overall than he was in the Chairman's Club.
Root's overall record as documented by The Sports Monitor for 2001 NFL games was 50-42. A bettor who wagered $110 to win $100, which is an average bet for a typical local sports bettor, would have won $380. That, however, was before factoring in the cost of buying Root's picks.
It can't accurately be gauged how much the picks would have cost because some come in small groups and others are single selections. Since Root charges $100 for calls to The Millionaire's Club and The Founder's Club and $50 for calls to The Chairman's Club, it would cost at least $8,000 to have bought all of the picks Root made.
Root doesn't dispute his record, but says his customers typically bet far more than $110 per wager. In football, the house odds are 11-10, so bettors have to put up $11 for every $10 they want to win. Root said the majority of his customers wager between $1,000 and $3,000 a game and about 25 percent wager $5,000 or more.
At the winning percentage Root had this year and the prices he charges, a bettor would need to have bet about $5,000 a game to break even. Root, though, makes no apologies and insists his advertising was not deceitful.
