The Art of Betting on Futures: Jordan Schefter’s Approach
A Different Kind of Sports Betting
LAS VEGAS — For Jordan Schefter, sports betting is not just about making a quick buck on a game-by-game basis. He has made a name for himself by making the futures market his playground, taking calculated risks on teams to win championships or reach milestones.
The Early Bird Catches the Worm
Schefter’s approach is simple: take advantage of early odds and build a position on a team, then hedge against the favorite. This strategy has yielded significant returns for him. He recalls his early days, when he would bet on games, but now he has shifted his focus to the long game. "Going long and getting something for your money," he says. "This whole thing has been evolving and building."
A New Breed of Punter
Schefter, 53, is the younger brother of ESPN ace NFL reporter Adam Schefter. While his brother focuses on the NFL, Jordan has carved out his own niche in the world of sports betting. He landed in Las Vegas 10 years ago and has been perfecting his craft since. "I went with the approach that I’m going to have fun," he says. "Any bet I put down, I’m going to enjoy. I like to learn, so I was kind of looking and learning, never betting ‘tonight’s game.’"
The King of the Hill
Schefter’s approach has yielded impressive results. He has netted $20,000 on the Braves winning the National League East and $17,000 on the Kings winning the NBA’s Pacific Division in 2022-23. He is currently backing the Capitals to take the NHL’s Metropolitan Division this season.
The Art of Hedges
Schefter is known for his ability to identify undervalued teams and pouncing on them early. He has a keen eye for detail and is always on the lookout for trends and patterns. "I outkicked the coverage," he says. "When I got to the hedge, it was too big; I left money on the table. I said to myself, ‘Learn! Don’t let that happen again!’"
The Fun of It All
For Schefter, sports betting is a game, and he approaches it with a sense of fun. "I keep in the moment," he says. "I know when I’ll get paid, the date I’ll get paid, and go to the next one. Otherwise, I go too far and get too thin and I won’t have the bankroll. It’s fun and keeps my mind going."
Conclusion
Jordan Schefter’s approach to sports betting is a unique one, focusing on the futures market and taking calculated risks on teams to win championships or reach milestones. His success has been impressive, with multiple windfalls over the years. As he continues to hone his craft, it will be interesting to see what the future holds for this new breed of punter.
Frequently Asked Questions
Q: How do you approach sports betting?
A: I take a long-term view, focusing on the futures market and taking calculated risks on teams to win championships or reach milestones.
Q: How do you select the teams you bet on?
A: I look for undervalued teams with a strong chance of success, often backed by impressive statistics.
Q: What is your approach to hedging?
A: I build a position on a team and then hedge against the favorite, taking advantage of early odds and maximizing my returns.
Q: How do you stay disciplined and avoid over-extending yourself?
A: I keep in the moment, knowing when I’ll get paid and adjusting my bankroll accordingly, ensuring I don’t over-extend myself.
