Small thesis for sports the past two years that has become an SEC compliant ATS system for onchain securities launching next month.

Earnings are capped by the odds for traditional sports betting, but certain sports allow for your to own a portion of the market. 

For instance, consider a horse valued at 300k with 10k shares available at an initial price of $7.50 a share. We own 20% of the total horse and 20% of the shares for the purse of that horse. If that horse races for a Grade 2 and wins, that's 400k, ownership group earns roughly 192k and the 20% ownership cut ends up being 38.4k or $3.07 a share.

Winning two of these purses essentially covers my ownership of the horse. In contrast, if I bet on the same horse at 2:1 odds, I'd have to wager 49.6k to earn 19.2k and have the same potential return. 

Investing in the horse has provided me a long term asset appreciation that has lower risk than betting on the horse. Studding is where the long term value lies and selling the weenlings.

Here's Love Tempo.