Finally, a winning week!

I still had a winning week, even though Pro Computer Gambler's very extended losing streak continued to cut away from my profits. Maybe it's time he start thinking about adapting his model? He's already lost me $2,000 (not counting subscription fees) over 356 picks.

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Losing Sucks

This losing streak really sucks

What can I say that hasn't already been said? This losing streak is rough. The new handicappers I started using for MLB made me money last week, while everything else that had picks lost money.

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My 2017 MLB PROFIT STRATEGY

My profit plan for the 2017 MLB season

Baseball is the most profitable American sport to bet on, yet it's one of the least popular sports (in terms of betting volume).

No other sport comes remotely close to the number of games played.

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6 things I learned after making 1,043 bets in 4 months

What I learned after making 1,043 bets in my first 4 months

Sports betting for a living is hard.

It's incredibly easy when you're on a winning streak.

But when that inevitable losing streak comes? It's a true test of will. 

When I started thinking about the outline for this article, 6 things easily came to mind that I had to share with you. Keep reading to find out what they are.

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Easy come, Easy go

The losing streak continues: I lost -$1,036.50 last week

Just when I thought the worst was behind me, I think I just had my worst losing week ever. I lost 4 figures in 1 week. Every single system and handicapper that released picks lost me money last week, including my own systems. Ouch.

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Weekly Breakdown

Is the losing streak over? I made $875.36 last week

As necessary as losing streaks are, they're always incredibly difficult to deal with, especially when they last for more than a month. It doesn't matter how long I've been in this business, losing for consecutive weeks or months never gets any easier.

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Lost money betting on sports

Weekly Update: (-$313.57) Loss

Ouch. The bleeding continues. This losing streak sucks.

​It's eating away at my profit. It's lowering my ROI. I know the rules. I know what to expect, but it still gets to me. Watching my bankroll balance shrink every week is really hard.

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Weekly Update: (-$540.53) Loss

Another losing week.

These handicappers that I’m using are on losing streaks, while my own systems made me a small profit.

Well, this is exactly what I was wanting.

After that winning streak that went on for quite some time, the losing streak has arrived.

It’s cutting into my profit, but it’s making my numbers much more realistic.

Welcome to the world of sports betting.

Weekly Results
(2/27/2017 – 3/5/2017)

I made a total of 104 bets. I won 49 of them, lost 52, 2 refunded, and 1 push, giving me a 48.5% win rate. I put a total of $6,068 into action, and made a net loss of -$540.53, producing a -8.91% ROI.

How much money did I make this week betting on sports?

Breaking it down by sport

I made the most money in soccer this week, and I did the worst in the NBA.

Profit by Sport Breakdown

Breaking it down by sportsbook

I made the most money with Bet365, and I lost the most money at Pinnacle. I made most of my bets at Pinnacle last week.

Free Pick Betting System Results

I had 5 bets total. I won 4 of them, and lost 1, giving me an 80% win rate. I put $292 into action, and made a profit of $171.82, producing a 58.84% ROI.

Free Pick Results

Live Betting System Results

I had 19 bets. I won 10, lost 8, and 1 push, giving me a 55.6% win rate. I put a total of $1,123 into action and made a $34.65 profit, producing a 3.09% ROI.

Live Betting System Results

Custom2006 MMA Results

The first MMA handicapper that I’ve been using a bit longer than the other is Custom2006 over at PickMonitor. He’s very good at what he does. This week, there were 11 picks; 6 wins, 4 losses, and 1 refund, giving me a 60% win rate. I put a total of $678 into action, and made a profit of $87.54, giving me a 12.91% ROI.

Custom2006 Weekly MMA Results

MMA Betting Tips Results

The second MMA handicapper that I use is MMA Betting Tips. He likes to pick a lot of high-priced favorites, so his strike rate (win rate) is really high. So is his ROI, and that’s what I really care about. This week, there were 5 picks; 3 wins, 1 loss, and 1 refund, giving me a 75% win rate. I put a total of $302 into action, and made a profit of $27.93, giving me a 9.25% ROI.

MMA Betting Tips Weekly Record

Pro Computer Gambler Results

This week, there were 43 picks; 17 wins, and 26 losses, giving me a 39.5% win rate. I put a total of $2,433 into action, and made a loss of -$663.38, giving me a -27.27% ROI.

Pro Computer Gambler Weekly Results

The Sports Geek Results

This week, there were 21 picks; 9 wins, and 12 losses, giving me a 42.9% win rate. I put a total of $1,240 into action, and lost -$199.09, giving me a -16.06% ROI.

The Sports Geek Weekly Results

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 783 bets. I’ve had 433 wins, 334 losses, 5 bets refunded, and 11 pushes, giving me a 56.5% win rate. I have put a total of $31,012 into action, and have made a profit of $1,675.77, producing an 5.4% ROI.

The average odds of my bets are -104, and my average bet size is $40.54.

How much money have I made betting on sports?

I have made the most profit in the NBA, and NHL hockey has produced the worst return for me.

Profit by Sport Breakdown

I made the most money placing my bets at BetOnline, with Bovada a close second. I’ve lost the most money at 5Dimes. I’ve made the most of my bets at BetOnline, with Pinnacle coming in 2nd.

As for the individual system/handicapper results:

  • Free Picks (FP): 58 bets total. 38 wins, 19 losses, 1 push (66.7% winners). $2,213 in total action, $647.59 in profit, producing a 29.26% ROI.
  • PR System: 160 bets total. 96 wins, 58 losses, 6 pushes (62.3% winners). $4,562 in total action, $964.14 in profit, producing a 21.13% ROI.
  • Live Betting System (LB): 226 bets total. 130 wins, 92 losses, 4 pushes (58.6% winners). $8,829 total bet, $705.29 in profit, producing a  7.99% ROI.
  • Custom2006 MMA: 109 bets total. 60 wins, 46 losses, 3 bets refunded (56.6% winners). $4,060 total bets, $573.95 in profit, producing a 14.14% ROI.
  • MMA Betting Tips: 20 bets total. 14 wins, 4 losses, 2 bets refunded (77.8% winners). $915 in total action, $152.64 in profit, producing a 16.68% ROI.
  • Pro Computer Gambler (PCG): 181 bets total. 83 wins, 98 losses, (45.9% winners). $8,831 in total action, loss of -$1,101.04 , producing a -12.47% ROI.
  • The Sports Geek (TSG): 29 bets total. 12 wins, 17 losses, (41.4% winners). $1,602 in total action, loss of -$266.80 , producing a -16.65% ROI.

My ROI keeps on fluctuating, but I expect that with the smaller number of bets I’ve put in. The more bets I make, the more consistent results I can eventually expect. I’m getting closer to 1,000 bets; so once I’m there, it will be a fairly accurate indicator of what kind of ROI I can expect going forward. The more bets I have recorded in my bet tracker spreadsheet, the more accurate my data will be.

I have been at this for 91 days now. That’s an average of 8.6 bets per day (again, distorted because of the large number of MMA picks on weekends, and well, just a larger number of bets on the weekends in general). My average daily profit currently sits at $18.53.

February Update: (-$232.53) Loss

February was an interesting month.

My own systems made money, while the handicapper’s picks that I pay for lost me money. One of my rules is that I will give a handicapper a shot for an entire season before I make my decision to pull them. Since MLB will be the first sport with a full season (since I started back on December 6), then that means every handicapper I’m currently using will have until the end of the World Series in October to make me a positive ROI (including the prices of their picks).

February Results

I made a total of 259 bets. I won 130 of them, lost 124, 3 bets refunded, and pushed on 2, giving me a 51.2% win percentage. I put a total of $12,664 into action, and made a net loss of -$232.53, producing a -1.84% ROI.

How much money did I make in February?

Breaking it down by sport

I made the most money in college hoops in February, and I did the worst in NHL hockey.

Profit by Sport Breakdown

Breaking it down by sportsbook

I made the most money with Heritage Sports, and I lost the most money at 5Dimes. I made most of my bets at BetOnline.

Free Pick Betting System Results

I had 22 bets total. I won 13 of them, lost 8, and pushed on 1, giving me a 61.9% win rate. I put $1,090 into action, and made a profit of $208.36, producing a 19.12% ROI.

Free Pick Results

Live Betting System Results

I had 71 bets. I won 39, lost 31, and pushed on 1, giving me a 55.7% win rate. I put a total of $3,483 into action and made a profit of $177.18, producing a 5.09% ROI.

Live Betting Results

MMA Handicapper #1 Results

I had 18 bets. I won 9, lost 7, and refunded on 2, giving me a 56.3% win rate. I put a total of $878 into action and made a profit of $143.71, producing a 16.37% ROI.

MMA Betting Picks Results

MMA Handicapper #2 Results

I had 10 bets. I won 7, lost 2, and refunded on 1, giving me a 77.8% win rate. I put a total of $423 into action and made a profit of $63.85, producing a 15.09% ROI.

MMA Picks Results

Pro Computer Gambler Results

This week, there were 124 picks; 56 wins, and 68 losses, giving me a 45.2% win rate. I put a total of $6,095 into action, and lost -$742.98, giving me a -12.19% ROI.

Pro Computer Gambler February Results

The Sports Geek Results

Since I started betting their picks this month, there were 14 picks; 6 wins, and 8 losses, giving me a 42.9% win rate. I put a total of $695 into action, and lost -$82.65, giving me a -11.89% ROI.

TheSportsGeek February Results

Closing Comments

What can I say – it’s been a wild ride so far. February closes out 3 months, and while it ended with a losing month, I’m still happy.

Adding in a few handicappers has hurt my income, as 2 of them are on losing streaks. I’m confident that they will recover and produce a positive ROI for me. October is a long way away, and MLB, NBA, and NHL should be my most profitable sports.

I can’t wait to see how this plays out with my first annual report.

For now, I am very excited for these past 3 months, and I can’t wait to see what the future holds.

 

Feb 20-Feb 26: (-$200.60) Loss

I lost $200 this week, and I’m happy about it. Why? Keep reading to find out.

As strange as it may sound, I actually like seeing losing weeks like this. Losing weeks are to be expected, and it’s important (to me) to have my business be as consistent as possible.

Losing is realistic. I had an unbelievable winning streak, and it doubled my bankroll. I’m thankful for that. I certainly would’ve rather had that winning streak than going on a bad losing streak. But I have to be prepared for that to happen.

Losing weeks will happen. Losing months will happen. Losing seasons will happen.

They sting. They suck. It happens. It will happen. 100% guaranteed.

You won’t be able to trade sports for a living until you can accept that.

Weekly Results
(2/20/2017 – 2/26/2017)

I made a total of 58 bets. I won 27 of them, lost 30, and pushed on 1, giving me a 47.4% win percentage. I put a total of $2,964 into action, and made a net loss of -$200.60, producing a -6.77% ROI.

How much money did I make this week betting on sports?

Breaking it down by sport

I made the most money in the NBA this week, and I did the worst in college hoops.

Profit per Sport Breakdown

Breaking it down by sportsbook

I made the most money with Bovada, and I lost the most money at BetOnline. I made most of my bets at BetOnline last week.

Free Pick Betting System Results

I had 4 bets total. I won 1 of them, lost 2, and pushed on 1, giving me a 33.3% win rate. I put $207 into action, and lost -$58.64made a profit of $190.84, producing a -28.33% ROI.

Free Pick Betting System Results

Live Betting System Results

I had 14 bets. I won 5, and lost 9, giving me a 35.7% win rate. I put a total of $732 into action and lost -$225.86, producing a -30.86% ROI.

Live Betting System Results

MMA Handicapper #1 Results

I didn’t have any MMA picks this week.

MMA Handicapper #2 Results

I didn’t have any MMA picks this week.

Pro Computer Gambler Results

This week, there were 32 picks; 18 wins, and 14 losses, giving me a 56.3% win rate. I put a total of $1,663 into action, and made a profit of $151.61, giving me a 9.12% ROI.

Pro Computer Gambler Weekly Results

The Sports Geek Results

This week, I added in the picks from TheSportsGeek.com. I’ve wondered for years how Kevin and his crew do over there, so I’m going to bet them and see how they’re doing after the MLB season is over. Since I started betting their picks this week, there were 8 picks; 3 wins, and 5 losses, giving me a 37.5% win rate. I put a total of $362 into action, and lost -$67.71, giving me a -18.7% ROI.

The Sports Geek Betting Results

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 679 bets. I’ve had 384 wins, 282 losses, 3 bets refunded, and 10 pushes, giving me a 57.7% win rate. I have put a total of $24,944 into action, and have made a profit of $2,216.30, producing an 8.89% ROI.

The average odds of my bets are -103, and my average bet size is $37.65.

How much money have I made betting on sports?

I have made the most profit in the NBA, and NHL hockey has produced the worst return for me.

Profit per Sport Breakdown

I made the most money placing my bets at BetOnline, with Bovada a close second. I’ve lost the most money at 5Dimes. I’ve made the most of my bets at BetOnline, with Pinnacle coming in 2nd.

As for the individual system/handicapper results:

  • Free Picks (FP): 53 bets total. 34 wins, 18 losses, 1 push (65.4% winners). $1,921 in total action, $475.77 in profit, producing a 24.77% ROI.
  • PR System: 160 bets total. 96 wins, 58 losses, 6 pushes (62.3% winners). $4,562 in total action, $964.14 in profit, producing a 21.13% ROI.
  • Live Betting System (LB): 207 bets total. 120 wins, 84 losses, 3 pushes (58.8% winners). $7,706 total bet, $670.64 in profit, producing an 8.7% ROI.
  • MMA Handicapper #1: 98 bets total. 54 wins, 42 losses, 2 bets refunded (56.3% winners). $3,382 total bets, $486.41 in profit, producing a 14.38% ROI.
  • MMA Handicapper #2: 15 bets total. 11 wins, 3 losses, 1 bet refunded (83.3% winners). $613 in total action, $124.71 in profit, producing a 20.34% ROI.
  • Pro Computer Gambler (PCG): 138 bets total. 66 wins, 72 losses, (47.8% winners). $6,398 in total action, loss of -$437.66 , producing a -6.84% ROI.
  • The Sports Geek (TSG): 8 bets total. 3 wins, 5 losses, (37.5% winners). $362 in total action, loss of -$67.71 , producing a -18.7% ROI.

My ROI keeps on fluctuating, but I expect that with the smaller number of bets I’ve put in. The more bets I make, the more consistent results I can eventually expect. I’m getting closer to 1,000 bets; so once I’m there, it will be a fairly accurate indicator of what kind of ROI I can expect going forward. The more bets I have recorded in my bet tracker spreadsheet, the more accurate my data will be.

I have been at this for 84 days now. That’s an average of 8.1 bets per day (again, distorted because of the large number of MMA picks on weekends, and well, just a larger number of bets on the weekends in general). My average daily profit currently sits at $25.74.