> 4) UHNWI tend to hangout together so the investors and the administrators of a hedge fund could have access to the actual players deciding the outcome of games and thus they could accurately judge their mental and physical form and if needed be they could also persuade them to make a determinate result happen.

lol, I think the mob tried this back in the 1920s. It's one of the most obviously illegal things you can do, and would get your fund shut down in a heartbeat the minute it's exposed.

As to the rest of your post, I'll put it like this: If you invest in stocks, the odds are structurally stacked in your favor. (This wasn't always the case, but has been the case for a while, and there's no indication that it's going to change any time soon.) If you wager money on sports, the odds are always against you. Why would a hedge fund (think about this for a second) throw money away on such wagers?

I can imagine a hedge fund that takes bets and separates fools from their money, but most or all of them have anti-vice policies and would never countenance such a thing.