Prediction Not checkable as stated
Big League Advance expects over 50 Fund I players to reach MLB
“We're expecting over 50 out of the 77 to get to me.”
Assertion Not checkable as stated
Schwimer: JAMBOS football and baseball models backtested better than college basketball
“Obviously we don't have any track record in those sports. This will be our first season for it, but the model back tests at a better rate than our college basketball.”
Opinion
Schwimer: Proprietary football data gives JAMBOS a much bigger edge than baseball
“In NFL and college football. We have data that nobody else has. And so that's why I think those two sports will have a far better advantage than baseball.”
Disclosure
JAMBOS spends over $5 million annually on data and payroll
“We're all in more than five million bucks here, probably on an annual basis.”
Assertion Not checkable as stated
Vegas sportsbooks slashed Michael Schwimer's betting limits to $300 within 16 days
“16 days, I was shut out of all the books, because I didn't realize it's not a liquid market. The sports betting market is not liquid. At all. And so what that means is at the time I was cut down to 305 hundred per bet instead of 10,000 a bet.”
Assertion Not checkable as stated
BetCRIS and BookMaker effectively set the worldwide sports betting market
“So we're using the market consensus line, which is defined by this company, BetChris and Bookmaker. They kind of set the worldwide market for this stuff right now.”
Disclosure
JAMBOS will shut down its service if market adjustments eliminate its edge
“And if the closing lines are jumping many, many points to where we're losing, we are going to shut down the subscription service because we can no longer provide positive expected value plays to our subscribers.”
Prediction Not checkable as stated
JAMBOS expects its sports betting edge to disappear within two years
“We're only going to have this advantage for a year or two, I think. There's only a very short number of time where subscribers can take advantage of this.”
Insight
Schwimer: Improper bet sizing is sports bettors' biggest mistake
“That's the biggest thing that gamblers, sports bettors do wrong is they don't size their bets properly.”
Disclosure
Schwimer: Paul DePodesta Is Big League Advance's Second-Largest Shareholder
“Skip to the end. He's a, he's the second largest shareholder besides myself and a partner.”
Assertion Not checkable as stated
Schwimer: Big League Advance Has Signed 128 Minor League Players
“Of the 128 players we've signed now, and that probably 300 ish we've offered, or more”
Disclosure
Big League Advance Videotapes Contract Signings With 20-Question Comprehension Checks
“We videotape the signing before the signing and ask them all these questions. Do you understand if you make five hundred million dollars, you will owe us twenty five million in your career? Assuming they do a deal for five percent. Do you understand if you nev…”
Assertion Not checkable as stated
Schwimer: Over 75% of BLA Signees Were Outside Top 300 Prospects
“Over 75% of the players that we sign Aren't top 300 prospects in baseball when we sign them”
Assertion Not checkable as stated
Schwimer: Former Goldman Sachs Employees Failed at Minor League Player Investing
“There were some Goldman guys that quit and tried to do it. They have a couple players, then they left, because they realized they couldn't do it.”
Disclosure
Schwimer: Big League Advance is pushing for player protection laws in Delaware
“We're pushing for a law to make sure these players are protected. And so we are going to try to get that through Delaware this year.”
Assertion Not checkable as stated
Schwimer: All Big League Advance players in the majors have paid in full
“We have many, many players in the major leagues. They've all paid on time and in full.”
Assertion Not checkable as stated
Two Soccer Federations Offered BLA Multi-Million Dollar Contracts Before Qatar World Cup
“Two soccer federations have reached out to us. We have nobody that has any experience in soccer, by the way. Two soccer feders reached out to us, offering us multi-million dollar year contracts to help them in advance of the World Cup in Qatar using advanced a…”
Assertion Supported
Schwimer: Less Than 10% of Minor Leaguers Reach Major League Baseball
“There's 7000 minor leaguers. And less than 10% will play one day in the major leagues, and less than three percent will actually get to arbitration and make, make big money.”
Assertion Supported
Schwimer: Minor leaguers are not represented by the MLBPA
“Minor leaguers are actually not covered under the Major League Baseball Players Association. They're not represented at all.”
Disclosure
Schwimer: Big League Advance Raised $130M for Second Fund
“We raised one hundred and thirty million dollars for the second fund in order to do it over a much longer period of time.”
Disclosure
Schwimer: Sam Hinkie and Paul DePodesta Invested in BLA's Second Fund
“Sam Hinckley, who ran the 70 Sixers, is in our fund. Paul D. Podesta, obviously, and now here we are with the second fund.”
Assertion Supported
Schwimer: Former Lakers analytics director Jason Rosenfeld joined Big League Advance
“Jason did leave the Lakers, came to work for big league advances, our chief strategy officer running the entire analytics team.”
Disclosure
Schwimer: BLA's second fund will invest in 500 players
“You know, we're going to have 500 players in that fund.”
Disclosure
Schwimer: JAMBOS grades picks using market consensus lines, not cherry-picked odds
“So when we release a pick and email instantly goes out to our subscribers and it's time stamped with the line that the pick is in. We also now use the market consensus line. Which is the average. So we're not cherry picking the very best line.”
