July could've gone either way, but I did manage to pull out a small profit. Better than a loss, though, right? I was travelling for much of July, so I kept it simple and only bet on my own systems this month. I didn't make a single bet on any of the handicappers that I follow, and I actually really enjoyed it.
My betting volume went down a lot, but to adjust for that, I decided to increase the amount I risk per bet from 1% of bankroll to 2% of bankroll.
It was nice not having to login and place so many bets every day. Typically, games are played at nights and weekends, when I don't have as much stuff going on. It's easy to get distracted during the day, and by cutting down the number of bets I was making, I found that it became less of a chore.
So for me, even though it took me awhile to realize it, I feel much better with a lower betting volume, and a slightly higher risk per bet. Of course, I feel extremely confident in my systems, or I wouldn't be increasing the amount I wager.
I made a total of 86 bets. I went 47-39, giving me a 54.7% win rate. I put a total of $11,299 into action, and made a net profit of $280.51, producing a 2.5% yield.
Converting that to units (or points), I risked a total of 86 units, and made a profit of 2.14 units.
I did the best in MLB, and I did the worst in the WNBA.
I made the most money at Pinnacle, while I lost the most money at BetOnline. I made most of my bets at BetOnline.
I didn't make any bets for my CF system. It was losing too much, so I put it on pause until August.
My live betting system had a bad month, but I guess it was due anyway. I can't expect a system to win month after month, and never lose.
I had 45 bets for my live betting system, and went 22-23, giving me a 48.9% win rate. I put a total of $5,895 into action, and I made a net loss of -$484.88, producing a -8.2% yield.
Last month, I said I was just going to track my WAF system until I got more data behind it. I saw how well it did last month, so I decided to jump back onboard and bet the picks. I'm definitely glad I did, because it cleaned up!
I had 41 bets, and went 25-16, giving me a 61% win rate. I put a total of $5,404 into action, and I made a net profit of $765.39, producing a 14.2% yield.
I didn't make any bets for my MMA Greed system, because I just don't have sufficient data yet to have full confidence behind every bet I make. The system did incredibly well for a few weeks, then had 2 losing weeks. It's still profitable, but I decided to hold off and keep tracking my data until I can confidently say that I know the system will be profitable.
I'm pretty sure it will be, but at this point, I'm not ready to put my money behind a "pretty sure" thing. Just as I have with my other systems, I've already noticed a pattern in my data that is proving to be quite profitable. I'm just going to keep monitoring that pattern to see if it continues to produce a profit.
Since I started back on December 5, 2016, I have made a total of 2,395 bets. My total record is 1304-1050, giving me a 55.4% win rate.
I have put a total of $106,721.50 into action, and have made a net profit of $4,591.15, producing a 4.3% return on turnover. My Return on Capital is 207.74%.
Converting that to units (points), I've made a total profit of 103.03 units, which is about a +0.43 unit per day profit (11.9 units average monthly profit).
The average odds of my bets are -105, and my average bet size is risking $44.79.
I have made the most profit in MLB, with MMA coming in 2nd, and NBA trailing in third. NHL has produced the worst return for me, but only because of a really bad handicapper that I went with.
I made the most money placing my bets at BetOnline, and I've lost the most money at Ohmbet. I've made the most of my bets at BetOnline, with Pinnacle coming in 2nd, and 5Dimes in 3rd.
Here's the active systems/handicappers that I'm currently using:
And here's the results for the inactive systems/handicappers:
The Sports Geek
Bookie Insiders Tennis
Bookie Insiders US
Banker Value Picks
Bookie Insiders MMA
MMA Betting Tips
Bookie Insiders Soccer
Well, I have been at this for 242 days now. That's an average of 9.9 bets per day. My average daily profit currently sits at $18.97, which is an average monthly profit of $577.06.
As for the Profit Performance graph, just as it always has been, it's so incredibly predictable. It goes up, it goes down. Like clockwork. I love how reliable it has become.
The losing streaks don't even phase me anymore, because I 100% sure that a nice winning streak is right around the corner, and it's going to win back everything I lost, plus produce a nice profit.
I'm really excited that August is finally here!
The fall is the best time for an American sports fan. NFL and college football start back up, followed by NBA and college basketball. And of course, the MLB World Series.
Betting volume drops off in the summer, after many handicappers tend to slow down until football season starts back up. September through April are the golden months. May through August aren't very exciting at all. MLB is such a long season, and it definitely has its ups and downs.
This year, MLB hasn't performed as well for me as it has in previous years. It's still profitable for me, but I would've rather made more profit than it has so far.
I really can't wait to see how well my systems do the remainder of the year. I started this back in December of 2016, so I don't have any official data to see how September - December are going to do. I'm sure they'll perform just as well as expected!
Steve firmly believes that most meals can be improved with mac n cheese. When he's not helping people make money betting on sports, Steve loves mountain biking, playing video games with his son, & annoying his wife. Oh, and he's a big Dallas Cowboys fan. Don't hate.
2017 Annual Update: $8,728.74 Profit