Investors purchase shares in DogDaq. It is 100% no-load. There are no fees of any kind. Investors can buy any number of shares they desire* at the net share value (NSV) at the time they buy-in. Shares of the fund are invested into sports bets at online sportsbooks. The value of the shares fluctuates with the total value of the fund.

The rules for selecting sports bets are outlined below. Investors may cash out any time they choose, redeeming any number of shares they choose at the NSV for the day the cash out is requested.

DogDaq 2 is Based on this Hypothesis:

It is possible to consistently identify and place wagers on sports bets that are offered at above market value.
Consistently placing wagers at above market value will turn profits in direct proportion to the average overvaluation of the bets placed.

Identifying Bets Above Market Value

Sportsbooks do not necessarily set the price, or wagering line, on an event based on the predicted outcome of the event. They will, rather, adjust the price based on what the market will bear. A greater demand for bets on one team will move the betting line. The sportsbook also has the burden of making the sports betting market. For example, if a sportsbook offers wagers on NBA games, they are beholden by professional ethics to offer a market for every game - even if there is little demand for it. This adds risk to the sportsbook, and this risk is mitigated through price adjustments.

Sports betting exchanges do not have the burden of making the market. The exchange simply establishes a meeting place for two sports bettors to get together and agree on the price of a bet. Sports betting exchanges receive a higher proportion of savvy, or sharp, sports bettors than sportsbooks. The prices being offered for bets at a sports betting exchange are much more likely to be in accordance with the predicted outcome of the event.

DogDaq 2 uses the prices at Matchbook Sports Betting Exchange as the baseline for the true market value of a wagering line. Matchbook was chosen because it has the smallest commission for an exchange with adequate liquidity, giving them the tightest average lines available.

To find wagers at above market value we need simply compare the price being offered at a sportsbook to the price being offered at Matchbook Sports Betting Exchange. If the price being offered at the sportsbook is better than the price at Matchbook Exchange, then it is likely to be above market value. To ensure a line at a sportsbook is above market value we add the burden of requiring that the line makes at least an even scalp, or arbitrage, bet against the favorite at Matchbook.

DogDaq 2 Wager Selection Criteria:

DogDaq only invests in Moneyline sports bets (no spreads, totals or props)
The wager must be at least an even scalp against the opposing team at Matchbook Exchange. (i.e. if the sportsbook is offering the dog at +180, then the line on the chalk at Matchbook Exchange must be -180 or better.

Additional Wager Rules

DogDaq 2 will invest only one betting unit in any sporting event. A betting unit is defined as 2% of the fund's total value when wagers are made on favorites, and 1% of the fun's total value when wagers are made on underdogs. (Only one qualifying wagering line will be used when multiple sportsbooks offer an above market value price on the same event.)
If the sportsbook does not accept bets of exactly one betting unit, the wager amount will be rounded down to the next accepted value.
DogDaq 2 will never invest more than 10% of its total holdings at any given time.

Selecting Sportsbooks

Sportsbooks will be chosen by Bullajami based on the combined experience and opinions of BullsBetting members and current SBR ratings. Investors who have questions about any particular sportsbook being used for DogDaq 2 are encouraged to propose changes.

Buying in and Cashing out.

Initial buy-ins are limited to $500 per investor. Your buy-in will be credited as soon as it is verified received by Bullajami, and your share purchase will be made at the share price at the time receipt of funds is verified. If there are open bets at the time funds are received, the open bets will clear before the purchase share price is calculated.

Cash outs can be requested at any time. Share price for cashouts will be at the price as of the time the cash out request is received. If there are open bets at the time the cash out is requested the open bets will be settled prior to calculating the share price.

Day to Day Operations

Day to day operations will be handled exclusively by Bullajami. He holds all the fund assets, makes all sportsbook deposits and withdrawals, finds and places all wagers and handles all buy ins and cashouts. No one else has access to the fund assets.

Why is it Called DogDaq 2?

Only because this is the second iteration of this mutual fund. The original was established in Feb 2008 and was discontinued in Sep 2008 when Bullajmi moved to Africa for a year and was unable to conduct the daily operations of the fund. The first DogDaq invested solely in underdogs and boasted a 22.76% return from inception to termination. (Past successes do not indicate future results.) DogDaq 1 stats are available here.

DogDaq 2 current NSV and performance data can be found here.

*Initial buy-ins are limited to $500.