A new US-focused sports betting subscription service has launched, with Jambos Picks aimed at revolutionising the vertical with stringent emphasis placed on transparency and financial guarantees.
Launched by former Major League Baseball pitcher Michael Schwimer, the service is backed by a group of investors that includes financiers Bill Miller and David Ganek, business executive Marvin Bush, son of former President H.W. Bush, and former Goldman Sachs Partner and chairman of the New York Racing Association Steve Duncker.
Built on a predictive algorithm, and leveraging data based models used by Wall Street quant funds, the new entity strives to make the smartest bet recommendations for National Football League, NCAA Football, NCAA Men’s Basketball and MLB games.
Jambos is also striving to bring “integrity to an industry that has previously faced accusations of impropriety,” with a money-back guarantee allowing customers a refund of subscription fees, plus additional funds based on the length, if recommendations result in an unprofitable record.
Furthermore, it is also stated that the firm will display a complete record of its time-stamped historical bet recommendations.
Schwimer, Jambos founder and CEO, explained: “Our proprietary algorithm brings a machine learning-based approach to sports betting and guarantees profitability if you follow our system or we pay you.
“By analysing everything from both publicly available and commercial data sets, some of which are exclusive to Jambos, we ensure that subscribers are always equipped with the best possible bet recommendations. Our record of success speaks for itself.”
The launch follows an eight-month beta period that began in December 2018, as it was revealed that should customers following its method have bet $300 per pick a profit of more than $70,000, off 2,522 tips, would have been earned.
Jambos subscription periods range from one to 17 weeks, with the one week package costing $250 and including a minimum of 50 recommendations per week.
Prior to its fresh introduction Schwimer founded Big League Advance, a data analytics company that created a fund to invest in minor league players early in their career and receive a share of potential future earnings if they reach the major leagues.
Duncker added: “I watched analytics completely change Wall Street during my time as a Partner at Goldman Sachs, and Michael and his Jambos team is far ahead of this same trend in sports betting.
“I was convinced from their success in forecasting careers of minor league baseball players at Big League Advance that Jambos would be successful. Picking NCAA Men’s basketball at a verified 58.3 percent rate over more than 1000 picks proved that the Big League Advance and Jambos approach is groundbreaking.”