November & December 2016 Monthly Review -$51,260.00
What a miserable end to the worst punting year of my life. With only the American sports in action, I still managed to bet $572,040.00 over the 2 months. Am I the only losing gambler on the entire internet? it seems that way if you ever have a look at twitter, apart from me everyone else is winning. They say 2% of gamblers win, but in social media land, it’s flipped on its head, with 99% winning and just me sitting in the 1% of losers. But hey, honesty doesn’t sell subscriptions or get likes.
We will have a much closer look at the 2016 loss next week when I do my yearly review, but 2016 will show a total loss of $168,620.00. November saw $310,000.00 bet for a $12,790.00 loss at -4.13%. December saw $262,040.00 bet for a $38,470.00 loss at -14.68%.
I placed 434 bets over the 2 months and won 208, lost 219 and 7 were refunded.
NFL
I still remember the start of the NFL season and going 12-1 from Line bets. This period I had 31 line bets and only 11 won. I bet $148,080.00 and lost a massive $41,830.00 at -28.2% ROI. The Totals bets did a little better, only losing $6,610.00 at -4.5%. Just like the AFL, a model I thought was a rock star has performed shockingly.
NBA
NBA totals have been the only profitable model and I turned over $170,130.00 and made a $15,580.00 profit at 9.2%. The H2H bets took all that profit and more with a $18,400.00 loss at -17.2%.
Very happy to see the back of 2016. Surely I am the biggest losing gambler on the Internet this year, and yet well over 90% of my bets had to be placed offshore as no Australian corporate bookmaker wants to take my action. 2017 is not going to be a fun year for profitable gamblers in Australia. With new laws coming in, it is going to be very difficult to get any bets on at all.
You can see my entire years monthly results by following the links below.
April, May, June 2016: -$51,080.00
July & August 2016: -$61,530.00
November & December 2016: -$51,260.00
Next week I will go over my entire year (including betting, travel, business, investments, so on). While the betting was a horror scene, everything else went pretty well for me in 2016. I hope you all did just a little better than I did last year and here is to a much more successful 2017.
Total Loss for the past month was $51,260.00
[mc4wp_form]
Stats Year 7
Total bet amount: $1,281,890.00
Profit/Loss: -$135,900.00
POT: -10.60%
Bets Placed: 706
Won: 319
Lost: 377
Half Payout: 1
Refunded: 9
Winning %: 45.8%
Total profit per day: $210,520.00 / 2375 = $88.64
Total Turnover: $29,308,720.00
Total ROI: 0.72%
| Sport/Tipster | Wagered | Profit/Loss | ROI | Nov-Dec P/L |
|---|---|---|---|---|
| NFL Line | $250,490.00 | -$18,860.00 | -7.5% | -$41,830.00 |
| NFL Totals | $251,950.00 | -$26,580.00 | -10.5% | -$6,610.00 |
| NBA Totals | $196,090.00 | $22,600.00 | 11.6% | $15,580.00 |
| NBA H2H | $122,630.00 | -$14,570.00 | -11.9% | -$18,400.00 |
| AFL H2H | $110,010.00 | -$41,310.00 | -37.6% | $0 |
| AFL Line | $247,290.00 | -$60,280.00 | -24.4% | $0 |
| NRL H2H | $99,070.00 | $7,400.00 | 7.5% | $0 |
| Super Rugby | $1,710.00 | -$1,710.00 | -100.0% | $0 |
| Mistakes | $2,650.00 | -$2,650.00 | -100.0% | $0 |
| Total | $1,281,890.00 | -$135,900.00 | -10.60% | -$51,260.00 |
“, and yet well over 90% of my bets had to be placed offshore as no Australian corporate bookmaker wants to take my action”
Oh, the irony. For once you started losing and there was no Australian bookie around to take your money. That doesn’t seem like a great strategy on their side.
“While the betting was a horror scene, everything else went pretty well for me in 2016”
For me 2016 went pretty well betting-wise, while everything else was a horror scene. I honestly prefer it your way.
That being said, given that social media already gives a distorted view about our friends’ lives, I highly doubt its reflection of punters’ profits to be more realistic. After all, as you said, they have subscription to sell on top of everything else.
Everyone has losing runs, but honesty is a rare trait in the betting world. Congratulations on being transparent in good and bad days alike. I will continue to follow your activity with interest and strongly believe you will turn the trend around in 2017.
We still going to be able to use Pinnacle you think Steve. Was about to start putting most of my action through them!!
I believe they will pull out of the Australian market as they did in the UK. It seems not many knew about the new laws coming. I’ll do an article showing how people might still be able to bet with Pinnacle.
So right, corporate bookies don’t let potentially losing punters stick around long enough. As most punters do, they could go on a winning run, they get banned, move elsewhere and lose it there.
Social media is a mix of only showing the good side of ones life followed by being trolled for it from anonymous individuals. The opposite of friendships in the real world. It’s very strange.
Thanks for the kind words.
Is Sportmarket a solution? Very clealry states they don’t take UK or US customers… can only suspect that will be the same for Australia…
I’ve talked to the owners of the company and they would not give an answer either way. I’ll explain all the options early next week.
Steve, I know I have been put in the basket of trolls, but I have to say your honesty and apparent resilience in the face of these losses gets a massive thumbs up from me! I really do feel for you, and hope things turn around in 2017. It’s lonely, and truly miserable going through those valleys, but they must be travelled to get to the mountain peaks.
No mate, I got my arse kicked last year too, in fact, similar to a previous article of yours it all went to shit for me after the Rugby World cup final too :)!!
Maybe we should meet up again to reverse the trend 🙂
That sounds like a great idea 🙂
Any more on this Steve? 888poker pulled out of Australia last week with the impending legislation… is only a matter of time so would be good to be aware of the options & potentially ahead of the curve…
Yep, waiting on replied from a few companies, but will go ahead and post what I have tomorrow arvo.