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).
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.
I made the most money in college hoops in February, and I did the worst in NHL hockey.
I made the most money with Heritage Sports, and I lost the most money at 5Dimes. I made most of my bets at BetOnline.
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.
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.
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.
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.
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.
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.
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.
My first full month is now over, and what a month it was! I know that it’s only been less than 2 months, but I had a winning December, and now a winning January. I know that after about 15 years of doing this, I finally have every thing dialed in. I’m incredibly optimistic that February will also be another winning month. Knock on wood!
Well, let’s get down to the numbers, shall we?
(click on the image to see a larger version of it)
As you can see, in January I made a total of 248 bets. I won 141, lost 102, and pushed on 5, giving me a 58% win percentage. I put a total of $9,015 into action, returning a net profit of $1,026.57, producing an 11.39% ROI.
Those are just fantastic numbers, and I’m very, very pleased with that ROI. That just confirms to me that I’m on the right track, and that I just need to increase my turnover. What that basically means is that I need to make more bets (not increase the amount I wager per bet, beyond my standard 1% of bankroll per bet).
The only limiting factor for this is my own systems and the handicapper’s picks that I pay for. My own systems are maxed out; they can’t produce any additional picks. I already bet every pick that they produce. It’s the same for the 3 handicappers that I currently subscribe to.
I’m not going to change anything for February, but I’m thinking that in March I might be adding an additional handicapper. I have to be careful with adding handicappers too fast, because their fees cut into my profit.
Sure, I had a grand in income this month, minus my expenses (the 3 handicapper’s picks that I pay for). I’m still very much profitable for January, but to keep it that way, I have to balance my budget and add additional handicappers as I am able to do so.
I would love to bring on a soccer (football for the non Americans) and tennis handicapper, so that I could have my money in action as much as possible. Soccer and tennis are the most bet sports in the world, easily surpassing the popularity of the NFL in the United States. That’s too much opportunity to be leaving on the table.
My goal for 2017 is to bring on the 2 remaining handicappers that I’ve been tracking for awhile now (they both focus on the American sports), and then to find a soccer handicapper and a tennis handicapper, for a total of 4 new handicappers. That would give me 7 handicappers total that I would be paying for, which considerably adds to my expenses.
Anyway, back to the January numbers.
I made the most money in the NBA, and I did the worst in the NFL, taking a loss. As for how the sportsbooks have performed, I’ve blocked out the key identifying information, because I don’t want them to be able to identify my accounts.
I made the most money with BetOnline, followed by Pinnacle with a close second place. I lost the most money at Heritage Sports. I placed the most bets at BetOnline, and I made the least amount of bets at MyBookie.
As for each of my individual results, and the handicapper’s results:
The last data filter that I have available to me on the bet tracker spreadsheet is I can break down the results based on money line, spread, or total.
I love using this bet tracker spreadsheet, because I have so much data available to me. I can quickly see that the money line bets are producing a greater ROI, but the spread bets are making me almost 2.8x more money.
I can also see that the bets on the game totals lost me money in January. However, overall, they are still profitable for me to bet. It’s very important to have this kind of information available for us. Without it, you can’t possibly know how you’re truly doing. You need to know where you’re making (and losing) the most money. Without a spreadsheet, you’re shooting blind.
Just looking at January’s results, it’s really great to see that my discipline, dedication and hardcore obsession has given me a very healthy profit for the month. My business will continue to grow month after month, and I can’t wait to see where it stands after my first annual report I do a year from now.
I’ve designed this business to be completely scalable. I have an end goal in mind, and I’m completely following along the blueprint that I created. I know exactly what to expect. This process has been in development for years now; it’s only now that I’m actually putting my money on the line, and it’s been phenomenal so far.
I’ve really enjoyed doing the weekly update posts; they keep me fully updated as to how I’m progressing, instead of seeing the results once a month.
I know that it may look like I haven’t been writing a lot of posts this month (besides the weekly updates), but I’ve been working plenty on several articles that I’ve been posting, such as the How to bet on sports page that you see in the menu up top, as well as the various sportsbook review pages.
As I said, I have an outline, a blueprint, that I’m following. I’ve laid everything out, so now it’s just a matter of me following the steps to be able to quit my job and do this for a living.
I really want to create a community of like-minded sports bettors that have the same goals that I do; to earn a reliable income every month from our wagers. I treat this as a business, because it is a business. I want to network with other people that do the very same thing.
I know you guys are out there; I just have to find you and bring everybody together into one place. And if you happen to know of a good soccer and/or tennis handicapper, let me know!