A Wizard's Formula for Fantasy Sports

Brad Reagan | June 4, 2014 | The Wall Street Journal

Corey Albertson / Wall Street Journal

EARLY ON A Friday evening in South Bend, Ind., Cory Albertson is among the small subset of students on the University of Notre Dame campus not prepping for a party, a date or both. At 29 years old, he is past his partying phase—he even gave up beer as part of a gluten-free diet he recently adopted. A graduate student in the business school, he is fixated on other, more lucrative extracurricular activities. From a small table near the window in his fourth-floor apartment, the Catholic school's iconic Golden Dome visible in the distance, Albertson sits feeding numbers into tens of thousands of rows and columns that populate a spreadsheet on his laptop. A Bob Marley remix plays softly in the background.

With his close-cropped red hair, broad shoulders and easy grin, Albertson seems plucked from the Fighting Irish recruiting catalog. He is enjoying his return to campus life but increasingly finds it difficult to make time for his classes. He considers it hard to believe, though more plausible by the day, that the side business he started last year with $200 could actually make him rich. Even more incredible: His business is playing fantasy sports.

Using tactics more familiar to a hedge-fund manager than to your average sports enthusiast, Albertson is earning thousands of dollars almost every day. One NFL Sunday, he took home more than $100,000. "It is like securities trading," Albertson explains, "and athletes are the commodities."

Read more at The Wall Street Journal

 by Daily Domer Staff

Posted In: Features