May 20th – May 26th +$23,622.98
Profit baby. I did not feel I would be able to type those words again this season. Alas, gambling is always full of surprises and once again my limited thinking was proved wrong again. If not for a woeful Hawthorn performance, this weeks profit would have been the first +50k week. Sure the profit is a mammoth $300 which is less than $1 per day, but that word… PROFIT… ahhh it seemed so normal for the past 4 years and only when you realise you might not be able to use that word for a seasons worth of betting do you understand the power of a simple word. We still have a month of betting to go in year 5, so there are no guarantees, but I would love to be able to end my 5th year of betting being able to say “I have never had a losing year”. We will see if I can utter those words in another 35 days. The below may leave you with a sense of deja vu, but I will re-quote the quote i quoted last week.
Here was a direct quote from last week about Sportpunter.
I long for those weeks where every SP model performs and I can easily make a $30,000 profit from them.
Last week Sportpunter models added $28,210 profit and I ended saying (jokingly) that it was not $30k so I will expect that this week. Sadly Sportpunter models only added $22,794 this week, so once again I expect it to perform better next week. The AFL model is the only one I use a moving bank for and as we have had a few winning weeks, the bets have been getting bigger. The biggest bet of the week was on Hawthorn who pretty much lost the game in the first quarter before staging a comeback and letting it go in the final few minutes. Happily most of the other bets won and that meant a $5,000 profit was made on the AFL. The only losing model this week was the Super 15 and it has been very poor for the past month. $2,500 was lost this week. The NRL only had a few games and the bigger bet managed to get up which resulted in $2,600 profit. NHL made $4,600 but all I am doing is betting on the over in every single game in the finals. The really big winner this week was the MLB model. On Thursday I was up in Sydney and did not check the results until I had got home that night. A perfect 10 from 10 on the MLB. Last season for a bit of fun I decided to place a $100 multi on the MLB bets everyday. I actually thought there was value in it as there had been 2 days that season where all 9 bets had won. I completely forgot to do it again this season. Those 10 bets would have given me a $710.65 multi. There goes $71,000. But I can’t be too unhappy with the weekly results, last week MLB returned $11,200 and this week it returned $13,100. Although that number should be a bit less, as in my haste to place the bets as quickly as possible I made two mistakes and bet on the other side, when this happens, I let those bets run and luckily the mistake bets both won for an extra $4,050 profit, but that is really an $8,000 turnaround. My mistake bets have still cost me $9,700 this year. In the last fortnight the Sportpunter models have made me over $51,000, when these models are hot, they are very hot and easily outweigh the losses from losing weeks. Dailyprofit members have made about 20 units in the past 2 weeks from a 40 unit bank. Like I keep saying, profits from betting come in clumps. You just have to have the bank to see you through the long hard losing runs.
Onto the other tipsters and ClubGowi went on a bit of a golden run again, but this was off the back of an absolute nightmare run and most winners were tipped in lower leagues where I just can’t get near the quoted odds. So while most members would have had a great week, I ended up losing $2,400. Of course I bet against a few bets as the odds had swung massively in the other direction and that cost me an extra $450. Betswot had a few golf bets which lost $300.
This week also wrapped up the majority of the Soccer leagues. I really won’t miss chasing prices and losing money. I’ll be doing a full review of all the services over the break and while doing them I will also reveal a new addition to the Daily25 website. This week Football Value lost $1,000, TFA lost $2,000, Football Investor combo bets lost $150 and Winabob picked the Arsenal midweek draw to make $3,050 profit. Next season it is highly unlikely I will follow individual tipsters, I have talked many times about a hybrid system and I will also take advice from a few others on the best way to proceed.
The 3rd winning week in a row and I passed the $7 million turnover mark this past week. The goal this year was to bet $8 million and return 2% for a $160,000 profit. The return this year currently sits at 0.00%. With Soccer ending, we will fall short of the $8 million mark and we will definitely fall short of that 2% return. There are between $35,000 – $50,000 worth of losses I should have avoided this year, but this quest is an ongoing learning experience and it means that I won’t make the same mistakes again (hopefully). The last 330 days do seem to be for nothing, but the lessons learned are worth a lot more than money.
It’s as if we are starting from scratch again, with a little over a month left and potential swings in the $40k range each week, we could end the season +or- $160k, but more than likely it will be a small loss or profit. I’m wishing for the latter. Until next week.
Total Profit for the week was $23,622.98
[mc4wp_form]
Stats Year 5
Total bet amount: $7,046,563.93
Profit/Loss: $300.52
POT: 0.00%
Bets Placed: 9587
Won: 3094
Lost: 4483
Half Payout: 67
Refunded: 1943
Winning %: 40.8%
Total profit per day: $347,825.36 / 1791 = $194.20
Total Turnover: $21,389,307.30
Total ROI: 1.63%
AFL H2H – SP $120,749.00 $21,895.53 18.1%
week profit/loss: 1784.50
AFL Line – SP $478,164.00 $(6,445.30) -1.3%
week profit/loss: 3255.35
NHL Totals $667,824.00 $12,462.56 1.9%
week profit/loss: 4577.53
Rugby SP $86,926.00 $(4,025.60) -4.6%
week profit/loss: -2499
NRL SP $101,067.00 $5,254.00 5.2%
week profit/loss: 2610
SP MLB $558,866.00 $39,214.71 7.0%
week profit/loss: 13067.10
ClubGowi $732,563.00 $(2,977.25) -0.4%
week profit/loss: -2395
GOWI $19,776.00 $3,322.28 16.8%
week profit/loss: 0
Jason Kelly Golf $15,191.93 $(8,958.53) -59.0%
week profit/loss: 0
Betswot $10,123.00 $(8,368.00) -82.7%
week profit/loss: -300
FB Elite $216,641.00 $(763.62) -0.4%
week profit/loss: 0
Football Value $65,000.00 $(9,015.00) -13.9%
week profit/loss: -1000
TFA 21 $408,117.00 $(13,463.10) -3.3%
week profit/loss: 423.50
TFA 41 $397,876.00 $(17,346.00) -4.4%
week profit/loss: -1000
6-21-31 $225,757.00 $8,771.22 3.9%
week profit/loss: -500
D1-D6 $139,700.00 $9,225.00 6.6%
week profit/loss: 0
E1-E6 $164,725.00 $29,250.40 17.8%
week profit/loss: -885
Mike Lindley $103,764.00 $(8,123.00) -7.8%
week profit/loss: 0
WINABOBATOO $385,555.00 $(212.38) -0.1%
week profit/loss: 3050.50
FBI combo $162,292.00 $7,660.60 4.7%
week profit/loss: -153
FBI Euro $221,592.00 $(10,335.30) -4.7%
week profit/loss: 0
Odds pushed out $52,750.00 $4,014.50 7.6%
week profit/loss: -455.50
Personal $72,573.00 $(14,007.60) -19.3%
week profit/loss: 0
Mistakes $17,735.00 $(9,693.00) -54.7%
week profit/loss: 4042
Hey Steve, I’m wondering do you put your run of bad luck this year down to your system failing you or you departing from your system?
Variance. This bad run? is it really though? Is well within mathematical probability. We are betting into 95% markets and need a 5% return just to break even.
I have not changed anything from past years and always knew a bad year was a very likely probability, but a 300-500k profit year was also a probability.
I’ll continue to make small adjustments (and a big one for Soccer betting), but have no real concerns with my current portfolio
I just ask because sometimes in life in general not just sports trading we can over tinker with successful formulas until they’re not and because we do it gradually we don’t notice until it’s too late. So I just wondered if you had done something different, but I guess what you’re saying that it is well within the laws of probability and that you are still steaming along fine.
Though you say big changes to your soccer betting, is that because you have applied new systems that didn’t work or old ones failing you?
I think the profits only came because I did tinker with the initial formula, when I started I had no idea what I was doing and after 16 months I was back at $0. I liked to call these times and lost profit “learning expenses”.
Without that initial first year I wouldn’t be where I am today. I believe there is no system that can be left alone, especially in the ever changing sports betting landscape. New ideas and models are created daily and old models that performed well for a year or two are now being surpassed and turned into losing models.
Stock investing is easy compared to sports betting. Stick to index funds and don’t touch your money for at least 10 years and you will get that 6-10% ROI.
I will always make mistakes as we are working in the dark here, unlike the stock market, there is very little literature to help people along this path, we have to keep making it up as we go along, and that means mistake after mistake after mistake, until we find what works, and than refine it.
I’m positive if I was a little smarter and much stronger at maths I would have devised a much better formula and probably been able to double my ROI, Sadly I am lacking in both those fields. But the good news is that even with my very very basic skills I have been able to make a profit, so with some tweaking I should be able to eek out that extra 1-2% ROI which will make all the difference.
In regards to Soccer, it has never worked out, whether that is due to my staking or following bad tipsters, I am not sure. But after 4 solid years of betting on Soccer, it clearly is not working, so it’s time to scrap what I have been doing and start over on some new ideas.
Hope this answered your questions.
Cheers
Steve
Yes it certainly did Steve thanks! I love the term “learning expenses” 🙂
In my own humble way I have managed to find a very high strike rate bet in English soccer. If you check out my hashtag #BTTLive onTwitter you will see that I have got a strike rate that recently was in the high 90s and over the season (I’m guessing coz I haven’t checked yet) in the 80s.
It’s basically under 2.5 goals, there is usually pretty good volume in them, though I’m not sure for the kind of amounts you wager.
I’d be happy to share my process with you if you like, anyway thanks again for the answer, I’m really enjoying these posts.
Cheers
Roli
Hey Roli,
Sorry I missed this post. 80-90 SR is impressive. No need to share them with me, i’ll keep an eye on the hashtag next season and see how they do.
All the best with it.
Cheers
Steve
No worries Steve, hope I can keep it up 🙂 Take it easy