June 11th – June 17th +$15,626.18
Ahh, that was a much more relaxing week. Not watching the AFL was helped by all the early mornings watching the World Cup, so I was able to sleep through most of them. But as usual, I made my now customary fu*kup which cost me dearly. This weeks result once again should be well over the $20k mark but on saturday, still bleary eyed from getting up so early, i was prepared for the AFL and the player based model did not come out on time. I noticed the team based was up and assumed (wrongly), that it would be close to the player based model. It said to place a big bet on the West Coast line. When the player based came out the percentage was very very different and it was actually meant to be a bet on Gold Coast. I’m so glad I did not have to sit through this game, it would have destroyed me. The line I had was West Coast -7.5. They were up by 39 points heading into the last quarter and managed to win by just 3. This resulted in a model win but a big loss for me. I lost $5k when I should have made $3.5k. But the money aside, the difference in feelings was huge, all I saw was the score and was pissed for a few minutes that my mistake had cost me again, it was only when I went back over how the game played out that I realised I had saved myself a world of hurt. The same happened in the Essendon game, where a huge lead was let go.
Watching the games is a habit that has been formed over the past 4 years, it is going to be hard to break, and at times I still want to watch them. I know one game isn’t going to have a huge impact on my total profit, but in the moment, all my potential winnings and how the future looks is concentrated on that one result. Personally I love the sports that are played overnight such as the Tennis and american sports. I place my bets before heading to bed and then in the morning I punch in the results. No stress whatsoever. The best I can do is set some rules for the upcoming soccer season. I was staying up every Saturday night well past 4am to keep an eye on the results. I usually had close to $100,000 on these games and it was very exciting and also terrible on my bank this season. I’m going to cut back to a maximum of 2 Saturdays per month for year 5, and then hopefully just the once each month in year 6.
Onto a great week and most of the profit is thanks to a return to form of the AFL model. A great head to head win on the Western bulldogs at odds of $8 saw $11,500 profit for the week. The Tennis model also did well overnight as the players move to grass, a perfect 6 from 6 and $4,300 profit this week. The NRL model made $1,950 and the baseball totals had a loss of $1,400.
ClubGowi returned $1,700 and the unofficial bets had a nice winner with an early tournament bet on Dimitrov which produced $2,550 profit. The golf did not do well, Jason Kelly losing $850 and Betswot $350 down. ProComputerGambler lost $400 and I may as well reveal the “other mlb” model as prices actually improve before the start of games. It is from Stat Attack Sports and this week it lost a massive $3,300.
In my daily life I use the Pareto principle a fair bit and have talked about it on the blog before. It is more widely known as the 80/20 principle. It can pretty much be used to describe most things. In essence it says to find the 20% of work that produces 80% of profit. With my portfolio we can clearly see the 20% of tipsters who make up well over 80% of my profit. It can also be used to show that 80% of my profits will come from just 20% of the year (which has been proved time and time again). Sportpunter is the only consistent tipster I follow, but ClubGowi is slowly becoming the second one. While I feel he does many things wrong in the way he runs his service, the results are stellar. I can’t recommend his service as it goes against everything I feel a tipster should do in regards to running a service (transparency, odds, so on). If these issues were address then this site would become a Keith love fest, I’d happily put banners up for free telling all to join, actually I should do that for Sportpunter. But sometimes you just need to go with your gut with a service and my gut says ClubGOWI will make me long term profits. If I had just followed Sportpunter this year I would be sitting on $170,000, take out my mistakes and we are talking closer to $200k. I feel I make more mistakes then most and there are many others I talk to with a much better portfolio making triple my ROI. I have just been fortunate to find the best tipster in the world and his results have shielded me while I continue to try and find others that will eventually lead to even greater profits. I’ll keep learning and making mistakes and learning from those mistakes and then making new mistakes. I guess by year 10 I might have sorted everything out and then things might start to click.
Very happy with my relaxing week, even if it had been a losing one, it would have been much less stressful then the prior weeks. I’m off to bed to prepare for another long night/early morning of great World Cup soccer.
If you haven’t joined the mailing list yet then be quick as a new email will be going out this weekend with some interesting news.
[mc4wp_form]
Total profit for the week was $15,626.18
Stats Year 4
Total bet amount: $4,298,467.84
Profit/Loss: $130,359.86
POT: 3.03%
Bets Placed: 7,132
Won: 2649
Lost: 4117
Half Payout: 47
Refunded: 319
Winning %: 39.2%
Total profit per day: $317,881.95 / 1448 = $219.53
Total Turnover: $14,047,447.37
Total ROI: 2.25%
ATP – SP $538,007.00 $4,284.46 0.8%
week profit/loss: 4267.26
AFL H2H – SP $100,944.00 $11,071.60 11.0%
week profit/loss: 8842.50
AFL Line – SP $565,442.00 $62,906.28 11.1%
week profit/loss: 2618.08
SP MLB $74,447.00 $3,378.87 4.5%
week profit/loss: -1423.66
Rugby SP $44,697.00 $18,898.37 42.3%
week profit/loss: 0
NRL SP $39,986.00 $6,919.22 17.3%
week profit/loss: 1950
ClubGowi $365,306.00 $16,612.71 4.5%
week profit/loss: 1703.50
GOWI $6,005.00 $(258.00) -4.3%
week profit/loss: 2557
Diamon Edge $112,000.00 $(1,772.50) -1.6%
week profit/loss: -3299.50
PCG $44,530.00 $(1,913.24) -4.3%
week profit/loss: -389
Jason Kelly Golf $1,975.00 $(1,975.00) -100.0%
week profit/loss: -850
Betswot $1,430.00 $3,950.50 276.3%
week profit/loss: -350
I hope you can start getting on PCG’s emails soon, I think you’ll find he’s just as good, possibly better than Gowi in the long run.
at the moment I can’t bet the early games. The bot is taking much longer then expected, still months away it looks like.
That’s a big call. Would love some consistent returns.
I came to the comments section to write exactly the same!! I started wth PCG about 2 months ago and couldn’t be any happier with them so far with a profit of +18 units.
The best thing is that the prices barely move and maybe sometimes I get a little lower odds but many times I get bigger ones as well.
Yes, that’s correct.
My only concern is not stating odds for line bets, these seem to move dramatically for me.
That’s also my main issue, I’ve found it quite hard in the past to get the same results as he does, especially outside of MLB where it’s mostly line bets.
His units are a bit of a pain too, I wish 1 unit could be the same as I use for Gowi, but usually later in the MLB season there will be regular 2.5 and even 3 unit picks. So to avoid later overstaking, for most of the season you need to understake.
I was not aware of this. I’m also weary of changing stake size, why would a bet later in the season be 3 times more value? It would have to offer so much more value then the others, this also means that it is really up to how he goes late in the season to see if it is a winning year.
I suppose it has to do with the model getting current season data.
I just looked back at last year and by this point 90% of bets were 2 or more units. That said, it was a different situation as we were down about 30 units by june, seeing were up about 30 at this point it’s probably smart not to be increasing bet sizes.
Do you believe he was chasing losses? How did you go last season?
I don’t think so, I’ve been with him a few years and the norm seems to be 2 units by this point. He often shares his theory about reducing units during good runs and increasing during bad, you can call that chasing if you want but I don’t think that’s really fair.
Horrifyingly I lost all my records from most of last year with a HD failure, from memory I made about 20 units, like you I missed a lot of the early bets.
TOM, rarr. backups..
If you don’t already, install dropbox and have your spreadsheet in there. Then create a shortcut on your desktop to it.
Thanks for the info
Guys, on the PCG baseball , do you bet only the total bets ( over/ under), or do you bet all the bets, including the winning teams?
From what i’ve noticed in the last 2 months, he is + only on totals, am i right?
I bet everything.
For me, his H2H bets are down big, the others are slightly in profit.
maybe the H2H bets are not very good then?
not enough data. After a full season then I can say if they are good or not.
Hello Steve,
Great blog, I’m enjoying your posts.
How do you determine optimal bank and stake size for the different portfolio elements? Different tipsters needs different bank size and unit size. How do you balance the tipsters to produce optimal returns and minimise risk?
I have some good soccer tipster (some is in your portfolio, too), but still searching for a good tennis tipster. My biggest problem with good tipsters is the liquidity and fast dropping odds. Tennis is very best in liquidity, so a good tennis tipster would increase my profits.
Unfortunately I couldn’t use racing tipsters anymore because all of my accounts limited (pseudo accounts too). A good racing tipster would be great who could produce profits with BetFair Starting Price.
Anyone tried Cashmaster Racing? They state that could make profit with BSP. http://www.cash-master-racing.com/
I don’t believe mine are optimal. I’ve gone on gut feeling most of the time. With new tipsters, i rely on past results (if I can prove they are true) to see what the average return in points would be per season. Then I see what I would need to bet to make $50,000 profit from it. If it falls within my average betsize then that’s what I go with.
There will never be a profitable BSP horse racing tipster, not long term at least. There may be individuals making a profit, but as soon as something that could make a profit BSP becomes a service, that in itself would kill it.
Sadly horse racing in the UK is only for people just starting. The real future is in the sports market.