Pro Elite makes Deal with Showtime and CBS

[sbjj]

How much money have you guys made doing this?

100% honesty here. i have lost alot in the market. I have carryover losses that may never fully be used. I have made more money on the fights, then I will ever be able to make in the stock market...BUT, my wife still looks at it as gambling, and for some reason looks at the stock market as investing. Even though I have proof that I MAKE money betting fights, and have LOST money in the market.

[sbjj]

How much money have you guys made doing this?

100% honesty here. i have lost alot in the market. I have carryover losses that may never fully be used. I have made more money on the fights, then I will ever be able to make in the stock market...BUT, my wife still looks at it as gambling, and for some reason looks at the stock market as investing. Even though I have proof that I MAKE money betting fights, and have LOST money in the market.

[sideloaded]

sbjj and scientist thanks for the advice. I really like looking at this stuff.

[edman5555]

The part that catches my eye is where he says they are looking at tv deals. If they make any kind of tv deal the price will go up.

[poopoo333]

If I had the money I would want to buy some of these foreclosed houses and some land to sell later on. My Mom said when we moved to Florida 20 years ago, beach condos were REAL cheap and she regrets not buying one to rent/sell/whatever later on. But then again, it seems like you have to sell at the right time. She owns some land around our house that she bought 20 years ago, and it was up to a good amount of money and she even got an offer but she wants to hang onto it for awhile. Now that land is close to what she bought it for.

[poopoo333]

Pro Elite's first show is going to be streamed on the internet @ 1:00 AM following UFC 134...they are supposedly doing a show in November so they must be trying to get a TV deal for that

[sbjj]

You are right Poopoo. Right now if you have the money, rentals are the way to go. You can get a home(condo) for 50% of what it was years ago. Add on to that interest rates are at historic lows.

So you can buy a home orcondo for lets say 120K, you plunk down 25K and mortgage 95K of it. Your payment with taxes and insurance is probably like 800 bucks. but you can more than likely rent it for a grand or 1200 bucks. You have positive cash flow and someone is paying off that property for you. If you do that with 10 properties, all of a sudden you are living off that cash flow. And in 20 years you are looking at a huge retirement when you decide to see those properties.

[MMA_scientist]

How much money have you guys made doing this?

I have made a decent amount. I just recently started getting back into individual stocks again, so I am down quite a bit because of the recent down turn. But I also dollar cost average in my IRA and 401k, and in those I am up considerably. Back in the old days when I used to do individual stocks, I actually did really well. I made about 40% in the 2 years I played with it. I was working with less money then though. Basically, I can't measure it in real dollars because my retirement account have a lot more money in them. But I generally do pretty well, I think I can make 20% per year in individual stocks. I have never hit a lottery winner though, so my accuracy rate is pretty high, around 75%.

Sign up on the Motley Fool CAPS boards. They have a fantasy stock game basically, but it is real investors making real predictions. You can just coat tail more knowledgeable guys. The amount of information available is a lot more than with betting. The issue is that 97% of it is crap and you have to find the good stuff.

But like sbjj, I do better ROI wise with MMA capping. The difference is that my bankroll is a lot smaller in betting because it is much harder to do safely from home. If I could legally bet sports on a site like eTrade, I would be doing that instead. But it is so shaky anymore, I am afraid to put money in.

[poopoo333]

I wish these Indian casinos around here were able to have sportsbooks.

[sideloaded]

I know we've talked about this before but Im pretty making bets online is legal? You can't obviously be a bookie but what do the bookies care if they are offshore they just can't come back to the united states. The domain thing seems pretty crappy and I know there was a under cover processor but really what is so illegal. I know it comes down to the state laws I guess but Im pretty sure making bets is legal in most places except maybe new york or washington.

[sideloaded]

I wish these Indian casinos around here were able to have sportsbooks.

don't some of them have sportsbooks?

[MMA_scientist]

Regardless of whether it is legal, I don't find it particularly safe.

[Luke]

I know we've talked about this before but Im pretty making bets online is legal? You can't obviously be a bookie but what do the bookies care if they are offshore they just can't come back to the united states. The domain thing seems pretty crappy and I know there was a under cover processor but really what is so illegal. I know it comes down to the state laws I guess but Im pretty sure making bets is legal in most places except maybe new york or washington.

It is legal, in most states.

[poopoo333]

don't some of them have sportsbooks?

Not that I know of.

[Luke]

Just my opinion but no way am I buying a stock that was .04 cents last week and .47 cents now, you've missed the boat imo. There are 50 million stocks @ .47 cents a share,thats around 25 million which is a lot more than I'd estimate a MMA company no one knows anything about is worth. I'm agree MMAscientist I think the .47 current share price is that high because of the announcement with Showtime and is no where near the current value of the company.Strikeforce,which was a pretty big MMA company, sold for 40 million dollars so if that's any indication of how high this company could go you're not looking at a blockbuster stock.

I could be wrong but that's just how I see it.