The Online Sports Bettor

Well, I've had a bad run on baseball recently, but I have bought some stock recently. A few that I currently like are CDE and BAC.

CDE is trading around book value, has insider buying, a decent amount of cash and will soon by a major player in silver mining. It's also very cheap and could have some good upside. Management could fuck all the gains by issuing more stock like the have in the past, but I'm hoping they learned their lesson. Anyway, I bought this yesterday and it was up 4% today, so I'm happy with it and hopefully riding it for sometime.

Bank of America (BAC) is the current #1 Dogs of the Dow stock. A lot of people are down on this stock because of it's purchase of Countrywide (who has a lot of exposure to the debt market). Not me. I think BAC saw a company for sale on the cheap and step in to buy. Even if they overpaid, BAC's current share price looks like an overreaction by the market to me... and their dividend in currently paying over 7% (try find that return at any of the branches!) I bought yesterday, so my money says that this stock will recover and that they will not cut the dividend.

I'm not the only one who is buy financial stocks, Warren Buffet just upped his stake in Well Fargo. True it's a different company, but it's the same sector, and it think that that says a lot about the banks.

Anyway, I know that most people are watching the NBA finals, but I'll be betting against the Mets again tonight on the road in San Diego.

San Diego Padres +105 (at BoDog)
Josh Banks (R)

Good Luck.

The Online Sports Bettor

Well, it was a VERY longtime coming, but I finally won my bet on the Democratic Presidential nominee.

Yeah, on November 18, 2006, I bet the Clinton would not get the nomination, and I've been waiting a year and a half to cash that ticket. If I knew it would take this long, I might have never bet it to begin with... Well, that might not be true, after all a winner is a winner. With around a 90% return on my money in less than 2 years, I might have bet more... kind of like a bank CD with a much better interest rate.

Back to Baseball Betting, I just gave away tickets to tomorrow's Yankee game, so I'm sure that they'll win... I'm going to resist the urge to bet them though, because it would really be a stupid bet based just on me not going to the game... kind of like those bets you make just because you are going to the game, but those are more fun.

Anyway, I like the Giants at home tomorrow vs the Mets for +110, bet at BoDog. Let make it official:

San Francisco Giants +110
Matt Cain (R)

Good Luck!

The Online Sports Bettor