Epic Carnival: Degenerate gamblers unite at oneseason.com

Wednesday, October 29, 2008

Degenerate gamblers unite at oneseason.com

by T, The Angry T

If you are like me, you will use almost any opportunity you find to bet money. So, when I was introduced to Oneseason.com, I instantly threw money in an account, before I even had any clue how the site works. You'll have a bit of an advantage over me if you choose to put in cash, because I am here to give you a bit of a crash course.

First of all, you probably want to know what the hell Oneseason.com is. Imagine a stock market for athletes. You can buy shares in one of around 40 different athletes and trade them like you would a stock. Of course, you don't actually own a percentage of Carmelo Anthony, you instead own what's known as synthetic ownership of Melo'. The owners of the site describe it as something like owning a trading card of your favorite player. Most importantly, the vast majority of the time, everything on this site goes up and traders have made a boatload of money thus far.

I am assuming that you have already put a few hundred dollars in an account. With that money in place, your next question is obviously, "Which athlete do I buy?" Well, in all honesty, it really doesn't matter. On the surface, you would assume that a player's shares would rise if said player had a great game or great series. However, one of the athletes that you can purchase is Michael Jordan, so unless traders are privy to Michael's 18 hole scores and buy accordingly, this market has nothing to do with performanc at this point. I trade the market by buying a lot of different athletes and since the general market has gone steadily up since the site's inception, this strategy has proved fairly profitable.

The real game changer in this market is the IPO. New athletes are added to the market through IPOs that get released once a week or so. Real money can be made on the IPOs if you are able put in a request for shares within a few minutes of the IPO being released to the site. IPOs have traditional shot up in value as soon as they are released and made traders a ton of coin.

Bottom line, this is a fun alternative to sports betting with a potential for the saavy trader to pick up a extra couple bucks. Best of all, the Securities and Exchange Commission does not consider this sports betting, so you can get a check from oneseason.com in a matter or weeks if you choose to cash out. This is a welcome change from sports betting sites that take several weeks or even months to release a check and send you your hard won money.

So take a look at Oneseason, tell them The Angry T sent you, and kick me back 10% if you make any money.

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