Jambos

About Jambos

Jambos Picks, operating under jambospicks.com, was a sports betting analytics company founded by former MLB pitcher Michael Schwimer in 2019. Schwimer's experience in professional sports and his subsequent interest in data analytics, which was further developed through his other venture, Big League Advance, an investment fund for minor league baseball players, led to the creation of Jambos. The company was established to bring a more analytical and transparent approach to the sports betting advisory space, an industry Schwimer himself described as historically lacking accountability.

The firm's primary offering was a subscription-based service providing sports betting recommendations for major leagues such as the NFL, NCAA Football, NCAA Men's Basketball, and MLB. The business model was centered on selling these picks to individual bettors, with subscription packages ranging from a week-long trial for $250 to a 17-week plan for $3,000. A key differentiator for Jambos was its bold money-back guarantee; if subscribers followed the recommended betting method and did not turn a profit, the company promised a substantial refund, which for the 17-week package was $10,000. This strategy was designed to build trust and highlight the confidence in their predictive models.

Jambos' service was powered by a proprietary algorithm and a team of data analysts with backgrounds in sports and finance. The platform processed vast datasets, including publicly available and exclusive commercial data, to identify market inefficiencies and generate bet recommendations. The company successfully raised $23 million in funding from investors including Bill Miller of FirstMile Ventures and former Goldman Sachs executive Steve Duncker. Despite initial reported successes during its beta phase, Jambos discontinued its pick-selling subscription service in January 2020. The company stated that the service became unsustainable because their own recommendations were causing the betting lines to move too quickly, diminishing the value for their subscribers.