Dec 8th – Dec 14th
A major milestone reached this week. Over $1 million bet in 5 and a half months. This post will break down every sport I have bet on and their results.
Baseball
Baseball was the first sport I started betting on the 1st of July when I started all this. I believe I was lucky that it had such a great season and helped grow my bank quickly early on. My bank size was $50,000 with a 1/10th kelly. Way too high and if the model had done poorly I’m sure this site wouldn’t be here today. What can i say, i was young and dumb, but got lucky.
H2H bet: $198,258.01
Profit: $6,770.36
POT: 3.4%
Totals bet: $234,248.00
Profit: $19,824.86
POT: 8.5%
Combined: $432,506.01
Profit: $26,595.22
POT: 6.15%
AFL
AFL has always been one of the strongest models and this season was no different, like baseball I missed half the season as I didn’t start till July. I will be upping my kelly next year for it and am confident it can carry on its amazing run. AFL kelly this year was 1/10th with a 50k bank
H2H bet: $16,787.00
Profit: $3,912.87
POT: 23.3%
Line bet: $25,163.00
Profit: $4,341.03
POT: 17.3%
Combined: $41,950.00
Profit: $8,253.90
POT: 19.68%
NRL
Shocking year betting only on dogs. Will have to re-evaluate next season. Will probably still bet but with a reduced kelly
Total bet: $10,205.00
Loss: $(4,425.41)
POT: -43.4%
NFL
Only placed 2 bets for the season as could not be bothered getting up at 4am.
Total bet: $2,493.00
Loss: $(1,148.78)
POT: 46.1%
College Basketball (NCAA)
Stopped betting this after a month and a bit of massive line moves and pathetic odds. The results history could not be matched and after losing a large chunk of my profits I was happy to stop betting and haven’t missed it at all.
Total bet: $26,975.00
Loss: $(4,557.77)
POT: -16.9%
Soccer
I’ve had some weak moments with Soccer and have contemplated stopping betting on it as the time commitment and profit were not feeling so good. I’m really glad I have stuck with it. I have a system in place that cuts down my bets and now do not spend more then an hour on the busy soccer days of Saturday and Sunday. This has been a star performer for me, with a high turnover and a nice overall POT of around 5%. I cant ask for more then that.
H2H bet: $100,488.00
Profit: $2,959.11
POT: 2.9%
Totals Over bet: $52,226.00
Profit: $6,502.11
POT: 12.4%
Totals Under bet: $121,368.00
Profit: $4,508.99
POT: 3.7%
Combined: $274,082.00
Profit: $13,970.21
POT: 5.1%
Tennis
I started Tennis with just a few months left in the season. ATP has not done well, but the new updated WTA model has performed impressively. Both had banks of 50k and Kellys of 1/25th. I will increase this in the new year.
ATP bet: $32,197.00
Loss: $(1,693.50)
POT: -5.3%
WTA bet: $23,557.00
Profit: $4,145.69
POT: 17.6%
Combined: $55,754.00
Profit: $2,452.19
POT: 4.4%
NHL
From past performance i decided to only follow totals this season. It started poorly and looked like it was going to be a bad year, but then about 2 months ago it changed and has consistently made profit. 50k and 1/10th Kelly.
Total bet: $40,572.00
Profit: $2,603.96
POT: 6.4%
NBL
My biggest disappointment this year, last seasons was amazing and i thought it would continue, early success made me even more certain and i guess that is why i cling to the hope it will still turn around even though it has given me my biggest loss out of every single sport I am following. I really should cut my losses but just can’t seem to hold out hope for a turnaround. 50k bank and 1/12th Kelly
H2H bet: $22,959.00
Loss: $(3,930.34)
POT: -17.1%
Totals bet: $25,871.00
Loss: $(1,919.68)
POT: -7.4%
Combined: $48,830.00
Loss: $(5,850.02)
POT: -11.98%
NBA
One of my favourite sports and a new model, again, being reckless i dived straight in with a very high Kelly and after a bad first week was in bad shape, I changed to a Kelly i was more comfortable with and now wish I had kept the original Kelly as it has performed great. I stopped betting the Line at the start of December as it just didn’t seem profitable, but I continue to be Totals which has been doing very well. 50k bank 1/30th Kelly.
Line bet: $26,303.00
Loss: $(1,910.74)
POT: -7.3%
Totals bet: $57,090.00
Profit: $5,126.91
POT: 9.0%
Combined: $83,393.00
Profit: $3,216.17
POT: 3.86%
Horse Racing
Following a new tipster and it started badly. The past two weeks have seen some nice wins and now the profit is looking very healthy.
Total bet: $13,398.00
Profit: $3,019.40
POT: 22.5%
Kiwi Basketball
Kiwi’s past record talks for itself and I decided to also follow his tips this year, I’m so glad i did.
Total bet: $6,050.00
Profit: $1,662.00
POT: 27.5%
Well that’s about it for my past 5 and a bit months. It’s been quite a ride. If you have any questions just post them in the comments and I’ll be happy to answer them.
Total profit for the week was $2081
Stats
nice write up mate, and nice profits. You could probably decrease your NHL kelly from 1/12 to say 1/8th. This being because the overlays in NHL are considerable less than the other sports.
Wonderful effort I must admit. May I ask a question…..how many hours a week do you dedicate to this?
I am doing something similar full time (40 hrs)but just backing line movements and doing some arbing for a bit extra. I have always wanted to try something like this and see how I went full time and now reading your post I can see with a few tweaks that it could work. Last financial year I turned over 4.2 mill but have only managed to make 1.113% . Pretty shitty really when you think I did it for a whole year…. the perks have been good though. I can fly business class for the next 10 years gratis through my cc points and every now and then the books fly me up to the footy or the tennis.
Anyway, it would be great to talk to you if you had the time and we could trade some tips and know how on this wonderful pastime.
Hi there, I’ve enjoyed reading your blog. I haven’t played the soccer model but am considering it (certainly wish I had judging by your results). Time and effort has stopped me thus far, but if you were able to tell me (if it’s not too much trouble) what filters you use to determine your bets, that would be a great help and making it easier to get it started.
Thanks a lot.
Very nice post. It made me realize I am probably too risk averse as I use Kelly/30 or most often Kelly/40 fractions. I guess I need to think it over 🙂
WOuld you be willing to write more on your soccer filters strategy. I shared mine on SP forum – you could see this post there. What I am most interested in is OVER betting. I dropped it completely so I was surprised to see your amazing results. How did you figured out totals betting?
Jlo: I was contemplating moving my NHL down, so will do that this week.
Matt: I would say Mon – Fri is about 30-60 mins and then Sat and Sun because of soccer, just over an hour. So a max of 8 hours a week. Just need to half that for the Tim Ferris 4 hour work week. Mind you, I spend many more hours keeping an eye on the games in progress which is a massive waste of my time.
I did look into arbing, but the time commitment involved is huge and I would assume the bookies are more likely to close down your accounts much sooner if you do this. Have you found that to be the case?
I place most of my bets at pinnacle and other US books so have been using online wallets instead of my credit card, I really should start getting more FF miles, as I love to travel as much as I love sports.
Tim & plsmove, I posted my exact strategy in the sportpunter forum. But in short, I only bet leagues that have a history of at least 10% ROI. This takes out a lot of leagues. I check every league monthly and update accordingly. I also use the groupings that Jonno used on his soccer analysis post, he split the leagues into 5 groups. for example:
Group1:
england1
england2
france1
germany1
italy1
netherlands1
portugal1
scotland1
spain1
For H2H after taking out all the leagues that are under 10% I then bet according to these overlay rules.
Group 1: 40%
Group 2: 20%
Group 3: 10%
Group 4 & 5: 5%
So if there are any group 1 leagues left the overlay must be at least 40% to bet on that game.
Totals is a little more complicated.
Again, I take out all the leagues that haven’t got a 10% ROI. For Overs i wont bet on any Group 1 leagues.
Group 2 & 3: 20%
Group 4 & 5: 15%
For Unders it is:
Group 1: 17.5%
Group 2-5: 12.5%
I hope that answers everyone’s questions, if not just reply and I’ll try and explain it more clearly.
Thanks for the comments
Here are the current leagues i dont bet.
For H2H:
argentina 1
australia 1
austria 2
belgium 1
belgium 2
brazil 1
croatia 1
czech 1
czech 2
denmark 1
ecuador 1
england 1
england 2
england 3
england 4
england 5
estonia 1
finland 2
france 1
france 2
germany 1
germany 2
greece 1
greece 2
ireland 1
israel 1
italy 1
italy 2
latvia 1
netherlands 2
norway 1
norway 2
poland 2
portugal 1
romania 1
russia 1
scotland 1
scotland 2
scotland 3
singapore 1
slovakia 1
slovenia 1
spain 1
spain 2
sweden 1
switzerland
turkey 1
usa 1
For Totals:
argentina 1
belgium 1
belgium 2
brazil 1
czech 1
czech 2
denmark 1
england 1
england 2
england 3
england 4
england 5
estonia 1
finland 1
finland 2
france 1
greece 1
hungary 1
ireland
israel 1
italy 2
japan 1
netherlands 2
poland 1
poland 2
portugal 1
portugal 2
russa 1
scotland 1
scotland 2
slovakia
spain 1
spain 2
sweden 1
turkey 1
turkey 2
usa 1
These are the groupings from Jonnos post:
Group1:
england1
england2
france1
germany1
italy1
netherlands1
portugal1
scotland1
spain1
Group2:
austria1
belgium1
croatia1
czechia1
england3
england4
france2
germany2
greece1
ireland1
italy2
netherlands2
norway1
poland1
portugal2
scotland2
slovenia1
spain2
sweden1
switzerland1
turkey1
Group3:
argentina1
australia1
austria2
belgium2
czechia2
denmark1
england5
finland1
france3
greece2
iceland1
israel1
japan1
mexico1
norway2
poland2
russia1
scotland3
slovakia1
turkey2
usa1
wales1
Group4:
chile1
finland2
hungary1
latvia1
lithuania1
romania1
scotland4
sweden2
ukraine1
uruguay1
Group5:
ecuador1
estonia1
peru1
singapore1
Thanks mate!