June was another winning month, and I couldn't be happier with the results. It did about the same as what May did, and I hope that July produces an even greater return. I did make a few changes in June, and I think it's going to produce an ever greater income, while minimizing my exposure.
To start with, my CF system has been under-performing lately, and it's now producing a negative return. I'm going to keep at it, because it's still producing a profit over the past ~200 plays. Markets do change; they become more efficient over time. When this happens, sometimes you have to retire a system that used to work, but isn't performing as well anymore.
I won't be retiring my CF system just yet, but I'm definitely paying a lot more attention to it. MLB and NBA has always been the strongest sports, but MLB hasn't been good this season. It's wiped out all the profit that NBA made. We're about halfway through the MLB season, so we'll see what the rest of the season holds.
You'll also notice a new system called MMA Greed that I have listed below. It's my newest system, and it's been working incredibly well. It's working so well that I don't need to pay for MMA handicappers anymore.
I added a new handicapper, called ScottOdds that I found over at PickMonitor. His stats are great, and I'm going to trial him and see how he does. I am actually betting his picks. I just started the picks yesterday, and as luck would have it, yesterday was a losing day.
He does multiple sports, but he really shines in tennis. That's perfect, because I've been looking for a tennis handicapper that releases picks while I'm awake.
So at this point, I'm going to be paying for a tennis handicapper, and a couple of soccer handicappers. There is one MMA handicapper that I'm going to continue using, and his picks are free, Best Fight Picks. He's tracked over at BetMMA.tips.
Taking advantage of lower priced annual packages, this works out to be about $114 a month in subscription fees for the 3 handicappers I'm going with (Banker Bets, Bookie Insiders, and ScottOdds). Not bad at all.
I'm very comfortable with this level of action, but I'm about at my limit. I can't add on anybody additional, without reducing bet amounts across the board. I have to limit my exposure, to prevent a couple of bad losing days wiping out a significant portion of my bankroll.
I made a total of 227 bets. I went 134-91, giving me a 59.6% win rate. I put a total of $14,949 into action, and made a net profit of $766.95, producing a 5.1% yield.
Converting that to units (or points), I risked a total of 227 units, and made a profit of 11.6 units.
I did the best in MMA, and I did the worst in MLB.
I made the most money at 5Dimes, while I lost the most money at BetOnline. I made most of my bets at 5Dimes.
I had 38 bets total for my CF system, and I went 16-22, giving me a 42.1% win rate. I put a total of $1,961 into action, and I made a net loss of -$397.79, producing a -20.3% yield.
I had 41 bets for my live betting system, and went 23-18, giving me a 56.1% win rate. I put a total of $2,158 into action, and I made a net profit of $225.72, producing a 10.5% yield.
I love the idea of this betting system, but I went back to tracking it until I get a lot more data behind it. It's showing to be profitable, returning a 3.3% yield on baseball, and an overall 6.8% yield over all sports. I want to track it until it produces 1,000 plays, and then I'll make the call whether to continue with it or not.
I had 13 bets, and went 6-7, giving me a 46.2% win rate. I put a total of $584 into action, and I made a net loss of $90, producing a -15.4% yield.
I had 37 bets, and went 26-10, giving me a 72.2% win rate. I put a total of $4,799 into action, and I made a net profit of $793.79, producing a 16.5% yield.
There were 28 picks, and they went 11-16, giving me a 40.7% win rate. I put a total of $1,432 into action, and made a net loss of -$366.64, producing a -25.6% yield.
There were 9 picks, and they went 7-2, giving me a 77.8% win rate. I put a total of $424 into action, and made a net profit of $95.31, producing a 22.5% yield.
There were 7 picks, and they went 5-2, giving me a 71.4% win rate. I put a total of $347 into action, and made a net profit of $55.16, producing a 15.9% yield.
There were 16 picks, and they went 15-1, giving me a 93.8% win rate. I put a total of $845 into action, and made a net profit of $296.76, producing a 35.1% yield.
There were 14 picks, and they went 10-4, giving me a 71.4% win rate. I put a total of $714 into action, and made a net profit of $226.10, producing a 31.7% yield.
There were 5 picks, and they went 3-2, giving me a 60% win rate. I put a total of $780 into action, and made a net loss of -$134.63, producing a -17.3% yield.
Since I started back on December 5, 2016, I have made a total of 2,278 bets. My total record is 1236-1001, giving me a 55.3% win rate.
I have put a total of $91,528.50 into action, and have made a net profit of $3,175.79, producing a 3.5% return on turnover. My Return on Capital is 143.7%.
Converting that to units (points), I've made a total profit of 79 units, which is about a +0.4 unit per day profit (11.4 units average monthly profit).
The average odds of my bets are -105, and my average bet size is risking $40.44.
I have made the most profit in MMA, with NBA coming in 2nd, and MLB 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 William Hill, and I've lost the most money at Pinnacle. 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:
Bookie Insiders MMA
MMA Betting Tips
Bookie Insiders Soccer
And here's the results for the inactive systems/handicappers:
The Sports Geek
Bookie Insiders Tennis
Bookie Insiders US
Banker Value Picks
Well, I have been at this for 207 days now. That's an average of 9.9 bets per day. My average daily profit currently sits at $15.34, which is an average monthly profit of $466.65.
As for the Profit Performance graph, I'm very happy with it. Ever since I went back to the basics and dropped a lot of the handicappers and stuck with my original plan, it's been recovering very nicely.
I think it's great that the new upward growth looks very similar to how it did in the very beginning.
I'm very happy with the results that I've been having.
Look at how incredibly predictable my profit graph is. After every peak comes a drop. Every winning streak is followed by a losing streak. It's happening right now. I had a great winning streak, then the past week dipped in profits.
But as you can see since I started in December 2016, every single peak has been followed by a drop. It's a roller coaster.
I love having this data. I know exactly what's going to happen next. It makes it so much easier for me to keep going, knowing that what I'm doing is working beautifully.
I did some brainstorming yesterday on how I can make my live betting system better, and I'm going to be giving those notes to my programmer to add those features in when I'm ready. Programmers aren't cheap, at all!
I will be opening up my live betting system, and my MMA Greed picks to some beta testers in the coming months. I need more feedback to make my product even better than what it already is, and what better way to get it than to let other people try it out in exchange for their feedback?
It's all part of this site's original plan: to create a community of people that want to bet on sports for a living (or at least to generate a side income), focused on the American sports, and in the American time zones.
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