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.

How to Scam a Sports Bettor, Part 1

Gamblers are suckers.

It’s like selling crack to an addict. They don’t care about the quality of the crack. They just want their fix, at the right price.

Sports bettors aren’t any different. They’re looking for their next fix. They suck at sports betting, so they need an expert with some insider knowledge to sell them their dream.

There’s many angles to choose from. Maybe you got an MIT nerd in your back pocket. Maybe your brother-in-law is a coach, or you have connections to key players. Maybe you used to play the game and know all the tricks. The angle is the easy part to figure out.

Really, gamblers are suckers.

They want to win. They need to win. They have an addiction. They have a disease, and you’re the doctor with their cure.

And now, thanks to technology and easy-to-use software, it’s incredibly easy to create some evidence that you are the answer to their dreams. You are their Messiah. You have the insider information. You’ve developed a top-secret formula that nails winners at alarming rates.

How to create a winning bet ticket

First, you need to create evidence that you can pick winners, and that you are the answer to your potential customer’s prayers.

I’ve made a video that shows you how easy this is to do. I’ll show it to you in just a moment.

So you’re going to need to make some screenshots of your winning wagers. This is incredibly easy to do. Just login to a sportsbook and make a $1 bet on both sides of the game. You have to do this to create the evidence.

Now you just need to wait for the game to finish.

After the game finishes and your bets have been settled, now you need to doctor up the bet slip to show the proof of your winning ticket.

This is really easy to do. You just need to use Google Chrome as your browser.

With Chrome, it’s really simple to change any text that shows up on your screen. All you have to do is pick the bet that won, change the text to show that you really bet a large amount, and then take a screenshot of that bet.

Be sure to show that you bet something like $20,000 on the game. This shows that you’re a very successful winning sports bettor. Gamblers love to see this.

After you’ve made the screenshot of your winning bet, now you just to plaster it on Twitter, Instagram, Pinterest and Facebook.

Be sure to do this a few times a day, and be consistent with it for about a week.

After about a week of seeing your winning screenshots, the crack addicts gamblers will come crawling to you on their knees, begging for their next fix.

So sell it to them. After all, they’re going to buy picks from somebody. It might as well be from you, right?

Who cares if they lose? Most sports bettors are going to lose anyway. Most handicappers have a 50% win rate, so sports bettors have come to expect it.

Charge them $250 for a day’s worth of picks, and pick either 2 or 4 games on the board. Or sell them a week’s package for $500. They’ll gladly pay you via PayPal within seconds. Just hype up your picks and refer to the daily winners you’ve shown proof of.

It’s really, really easy to do.

Watch me do it, step-by-step

Here, tell you what, just watch this video that I made that walks you through it, showing you every thing you need to do. You’ll see for yourself how simple it is. Anybody can do it.

See, I told you.

It’s genius!

Now, let’s get serious

First, I have to say that obviously what I wrote above was purely tongue-in-cheek, but there’s a lot of seriousness in what I wrote.

The sports betting industry is full of scammers.

It’s a hard business to be in, because people are so skeptical, and I don’t blame them one bit.

You saw from the video I posted above that it’s easy to fake a screenshot of a winning ticket. If you get on Twitter, the touts are rampant. New ones pop up daily, because it’s trivial to create a Twitter account and start over again with a new scam.

Sports bettors have it harder than ever to find a real, honest, winning handicapper. I should really stop saying sports betting. I have no problem with what I do, because I’m investing in sports. I trade the market.

What I do is no different than what day traders do in the stock market. They trade their market, and I trade mine.

Sports handicappers make it harder on us to make a living from sports betting. They’re really great at marketing, and it’s easy for a newcomer to fall for their tricks, and ultimately end up losing their bankroll.

There are very few reliable resources that we can use to filter out these scamdicappers. Most of them refuse to track their picks on a reputable 3rd party tracker website, such as PickMonitor.

Why would they?

If you go to PickMonitor, and then to their Sports Handicapper Rankings page, you’ll see a default listing of how the handicappers are doing.

We have some specific criteria to follow, so first click on the Customize the Rankings button. I like to use the following criteria:

What Sports Handicapper Criteria to use at PickMonitor

What you’re left with, out of thousands and thousands of handicappers that track their picks on PickMonitor, are just a small handful of handicappers that actually win.

What handicapper wants that kind of record out there? They would be out of business pretty quickly if everybody could see their true, losing record.

Look for Part 2 of this article, coming pretty soon. It’s another juicy secret of the dark, seedy underground world of the sports handicappers scamdicappers.

 

 

Feb 13 – Feb 19: (-$1.48) Loss

I almost had another bad week, but my own systems and the 2 MMA handicappers I use made the sting not so bad.

Pro Computer Gambler had a bad week. If I were a normal recreational sports bettor, I would be emailing him to tear him a new one, and demanding a refund. But his systems are sound. He’s a grinder, and he does reliably produce a positive ROI.

Remember, one of my rules is that I stick with a handicapper for at least 1 season. Pro Computer Gambler does multiple sports, so my first full season with him will be MLB. So at the end of MLB season, I’ll see where I stand with him.

On to the results.

Weekly Results
(2/13/2017 – 2/19/2017)

I made a total of 55 bets. I won 27 of them, lost 27, and refunded on 1, giving me a 50% win percentage. I put a total of $2,711 into action, and made a net loss of -$1.48, producing a -0.05% ROI.

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

Breaking it down by sport

I made the most money in college hoops 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 Bet 365, and I lost the most money at Bookmaker. I made most of my bets at BetOnline last week. 

Free Pick Betting System Results

I had 8 bets total. I won 6 of them, and lost 2, giving me a 75% win rate. I put $405 into action, and made a profit of $190.84, producing a 47.12% ROI.

Free Picks Betting Results

Live Betting System Results

I had 18 bets. I won 10, and lost 8, giving me a 55.6% win rate. I put a total of $897 into action and made a $50.49 profit, producing a 5.63% ROI.

Live Betting Sports Betting System Results

MMA Handicapper #1 Results

My first MMA handicapper had 8 bets. I won 5, lost 2, and had 1 bet refunded, giving me a 71.4% win rate. I put a total of $408 into action and I made $215.11, producing a 52.72% ROI.

MMA Betting Record

MMA Handicapper #2 Results

This week, there were 2 picks; I had 1 win, and 1 loss, giving me an 50% win rate. I put a total of $51 into action and made a net loss of -$29.57, producing a -57.98% ROI.

MMA Betting Record

Pro Computer Gambler Results

This week, there were 19 picks; 5 wins, and 14 losses, giving me a 26.3% win rate. I put a total of $950 into action, and lost -$428.35, giving me a -45.09% ROI.

Pro Computer Gambler Weekly Result

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 621 bets. I’ve had 357 wins, 252 losses, 3 bets refunded, and 9 pushes, giving me a 58.6% win rate. I have put a total of $21,980 into action, and have made a profit of $2,416.90, producing a 11% ROI.

The average odds of my bets are -103, and my average bet size is $36.29.

How much money have I made total from sports betting?

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. 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): 49 bets total. 33 wins, 16 losses (67.3% winners). $1,714 in total action, $534.41 in profit, producing a 31.18% 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): 193 bets total. 115 wins, 75 losses, 3 pushes (60.5% winners). $6,974 total bet, $896.50 in profit, producing a 12.85% 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): 106 bets total. 48 wins, 58 losses, (45.3% winners). $4,735 in total action, loss of -$589.27 , producing a -12.44% ROI.

My ROI seems to have stabilized. 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 77 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 $31.39.

Feb 6 – Feb 12: (-$409.62) Loss

Well, it finally happened.

I had my first big losing week.

I took a loss of -$409.62 for the week.

I’m going to break down all of these results right now.

I hope that I do much better this week.

Here we go.

Weekly Results
(2/6/2017 – 2/12/2017)

I made a total of 74 bets. I won 34 of them, lost 38, and refunded on 2 (when I say that I have refunded bets, it’s usually from betting on UFC, when the fight is cancelled), giving me a 47.2% win percentage. I put a total of $3,579 into action, and made a net loss of -$409.62, producing a -11.45% ROI.

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

Breaking it down by sport

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

Profit by Sport Breakdown

Breaking it down by sportsbook

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

Free Pick Betting System Results

I had 4 bets total. I won 2 of them, and lost 2, giving me a 50% win rate. I put $194 into action, and made a loss of -$6.14, producing a -3.16% ROI.

Free Pick Betting System Results

Live Betting System Results

I had 23 bets. I won 14, and lost 9, giving me a 60.9% win rate. I put a total of $1,109 into action and made a $188.35 profit, producing a 16.98% ROI.

Live Betting System Results

MMA Handicapper #1 Results

My first MMA handicapper had 6 bets. I won 2, lost 3, and had 1 bet refunded, giving me a 40% win rate. I put a total of $294 into action and I lost -$63.40, producing a -21.56% ROI.

MMA Betting Results

MMA Handicapper #2 Results

This week, there were 6 picks; I had 4 winners, 1 loss, and 1 bet refunded, giving me an 80% win rate. I put a total of $289 into action and made a net profit of $44.33, producing a 15.34% ROI.

MMA Betting Results

Pro Computer Gambler Results

This week, there were 35 picks; 12 wins, and 23 losses, giving me a 34.3% win rate. I put a total of $1,693 into action, and lost -$572.76, giving me a -33.83% ROI.

Pro Computer Gambler

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 566 bets. I’ve had 330 wins, 225 losses, 9 pushes, and 2 bets refunded (due to games/fights being cancelled), giving me a 59.5% win rate. I have put a total of $19,269 into action, and have made a profit of $2,418.38, producing a 12.55% ROI.

The average odds of my bets are -103, and my average bet size is $34.94.

How much money have I made total betting on sports?

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

Total Profit per Sport Breakdown

I made the most money placing my bets at BetOnline. 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): 41 bets total. 27 wins, 14 losses (65.9% winners). $1,309 in total action, $343.57 in profit, producing a 26.25% 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): 175 bets total. 105 wins, 67 losses, 3 pushes (61% winners). $6,077 total bet, $846.01 in profit, producing a 13.92% ROI.
  • MMA Handicapper #1: 90 bets total. 49 wins, 40 losses, 1 bet refunded (55.1% winners). $2,974 total bets, $271.30 in profit, producing a 9.12% ROI.
  • MMA Handicapper #2: 13 bets total. 10 wins, 2 losses, 1 bet refunded (83.3% winners). $562 in total action, $154.28 in profit, producing a 27.45% ROI.
  • Pro Computer Gambler (PCG): 87 bets total. 43 wins, 44 losses, (49.4% winners). $3,785 in total action, loss of -$160.92 , producing a -4.25% ROI.

My ROI seems to have stabilized. I’m over halfway 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 70 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 $34.55.

2016-2017 Football Season Results

Another year of football has come and gone. What a great year it was, too.

I would normally make 2 separate posts about college football and NFL, but since I got started in December, towards the end of both seasons, I decided to just combine the two results into one post.

First, I’ll go after how I did with the 2 sports combined, and then I’ll break them down individually.

Combined NFL/College Football Results

I made 74 bets. I won 39, lost 33, and pushed on 2, giving me a 54.2% win rate. I put a total of $1,939 into action, and made a net profit of $181.69, producing a 9.4% ROI.

NFL Betting Results

I made a total of 54 bets. I won 30, lost 22, and pushed on 2, giving me a 57.7% win rate. I put a total of $1,432 into action, and made a net profit of $176.43, producing a 12.32% ROI. I made most of my NFL bets at BetOnline. I won the most money at Bovada, and lost the most money at Pinnacle.

College Football Betting Results

I made a total of 20 bets. I won 9 and lost 11, giving me a 45% win rate. I put a total of $507 into action, and made a net profit of $5.26, producing a 1.04% ROI. I made most of my college football bets at BetOnline. I won the most money at MyBookie, and lost the most money at 5Dimes.

What I Learned

I wish I could’ve gotten a full season’s worth of stats for each sport, but I’ll have to wait until next season to do that. MLB will be the first full season that I’ll be able to cover, but at least I have most of college basketball and a good chunk of the NBA.

I know that football is the most popular sport to bet in America, but the reality is that football will never make up a significant portion of my revenue. There are simply too few games being bet. That’s why I currently make the most of my money from basketball, and I assume that baseball will be the same.

There’s so many baseball and basketball games played over the season, that it’s obvious that more profit will come from those sports.

More games being played = more turnover.

More turnover = more profit.

Less games being played = less turnover.

Less turnover = less profit.

There just aren’t that many football games being played. The NFL season has each team playing 16 games in the regular season. A college football team will play between 10 and 13 games. A college basketball team will play between 27 and 29 games.

Now compare that to the MLB, where a team plays 162 games. NBA and NHL teams each play 82 games. I have a sneaking suspicion that I will get a large chunk of my income from the MLB, but we’ll see in the upcoming season how that plays out.

Can you make a living betting on football?

Let’s take a look at the numbers I have available to me. I made a 9.4% ROI from a turnover of $1,939. Based on those numbers alone, yes, I could make a living just from betting on football alone.

I would need a large bankroll to do it, but it could be done. Football offers the highest betting limits for the American sports, so it’s definitely possible. I made 29 football bets in January. In December, I made 49 football bets.

January was the playoffs, so I’m going to disregard those numbers, just for extrapolation purposes.

It’s fair to assume that I would’ve made a similar number of bets in September, October, and November, based on what I did in December, which would give me a grand total of 196 bets.

Let’s break down some numbers and see what it would take to make a living just from football.

The median household income in the States is right at $52,000 per year. In order to make $52,000 from betting on just football, based on the numbers I have, you would have to put a total of $554,945 into action.

If I made 196 bets over the season, I would have to risk $2,831 per game in order to do it. In order to bet $2,831 per game, I would need to have a bankroll of $283,100, dedicated strictly for sports betting.

So yes, while it’s certainly possible, I don’t have a quarter of a million dollar bankroll to work with. But it’s good to know that it can be done, and that money is the only limiting factor.

What will I do different next season?

Based on the small number of games being played, and therefore, the smaller number of bets being placed, I think it might be a good idea to increase the amount wagered per game from 1% of bankroll to 2% of bankroll.

It’s hard to tell with just a record of 74 bets. The more data I have available to me, the better decisions that I can make on what to do. Out of all the major American sports, football will always have the least number of bets.

In the same time frame, I’ve already made 91 MMA bets, profited $377.71, and made a 12.79% ROI. Even MMA is outperforming football.

It’s too early to tell at this point. I simply don’t have enough data to make any firm decisions right now. Based strictly on the data that I have, then yes, I would increase my wager amount from 1% to 2% of bankroll. I’ll make that decision in September.

 

Week 9 Results: +$817.34 Profit!

What an incredible week!

Man, I absolutely love this business. I love the highs, I deal with the lows. But I completely love that I’ve figured out how to beat a system that most people say can’t be beat.

Awesome.

Total Results for Week 9
(1/30/2017 – 2/5/2017)

I made a total of 63 bets. I won 42 of them, lost 22, and pushed on 1, giving me a 67.7% win percentage. I put a total of $2,614 into action, and made a net profit of $817.34, producing a 31.27% ROI.

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

Breaking it down by sport

I made the most money in the NBA this week, and I did the worst in MMA (although still made a profit).

Profit by Sport Breakdown

Breaking it down by sportsbook

I made the most money with BetOnline, and I lost the most money at 5Dimes. I made most of my bets at Pinnacle last week.

FP Results

I had 6 bets total. I won 5 of them, and lost 1, giving me a 83.3% win percentage. I put $250 into action, and won $157.68, producing an ROI of 63.07%.

FP Betting System Results

LB Results

I had 15 bets. I won 10, lost 4, and pushed on 1, giving me a 71.4% win percentage. I put a total of $621 into action and won $189.61, producing a 30.53% ROI.

Live Betting System Results

MMA Handicapper #1 Results

My first MMA handicapper had 4 bets. I won 2 and lost 2, giving me a 50% win percentage. I put a total of $176 into action and I lost -$8, producing a -4.55% ROI.

MMA Betting Results

MMA Handicapper #2 Results

This week, there were 2 picks; I had 2 winners and 0 losses, giving me a 100% win percentage. I put a total of $83 into action and made a net profit of $49.09, producing at 59.14% ROI.

MMA Betting Results

PCG Results

This week, there were 36 plays; 23 wins, and 13 losses, giving me a 63.9% win percentage. I put a total of $1,484 into action, and made $428.96, giving me a 28.91% ROI.

PCG Betting Results

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 492 bets. I’ve had 296 wins, 187 losses and 9 pushes, giving me a 61.3% win percentage. I have put a total of $15,690 into action, and have made a profit of $2,761.06, producing a 17.6% ROI.

The average odds of my bets are -105, and my average bet size is $32.92.

How much money have I made from sports betting?

I have made the most profit in the NBA, and college football produced the worst return for me (although still profitable).

Profit by Sport Breakdown

I made the most money placing my bets at BetOnline. I’ve lost the most money at BetDSI. I’ve made the most bets at BetOnline, with 5Dimes coming in 2nd.

As for the individual system/capper results:

  • FP System: 37 bets total. 25 wins, 12 losses (67.6% winners). $1,115 in total action, $349.71 in profit, producing a 31.36% 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.
  • LB System: 152 bets total. 91 wins, 58 losses, 3 pushes (61.1% winners). $4,968 total bet, $657.66 in profit, producing a 13.24% ROI.
  • MMA Handicapper #1: 84 bets total. 47 wins, 37 losses (56% winners). $2,680 total bets, $267.76 in profit, producing a 9.99% ROI.
  • MMA Handicapper #2: 7 bets total. 6 wins, 1 losses (85.7% winners). $273 in total action, $109.95 in profit, producing a 40.27% ROI.
  • PCG: 52 bets total. 31 wins, 21 losses, (59.6% winners). $2,092 in total action, $411.84 in profit , producing a -19.69% ROI.

My ROI seems to have stabilized. I’m almost halfway 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 63 days now. That’s an average of 7.8 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 $43.83.

How I keep my sportsbook accounts from getting banned or limited

Do sportsbooks ban legitimate, honest, winning players?

Sometimes, but they usually just limit the amount of money you can bet and won’t offer you free bonuses anymore.

It sucks, and it’s not really fair, but it is what it is. Sportsbooks are corporations, in business to make money. They can take our money all they want, but once we take too much of theirs, they don’t want our business anymore.

There are a few sportsbooks out there that realize that we’re not taking their money; we’re taking money away from other sports bettors. Sportsbooks are supposed to make their money from the vig, the juice. That’s what it’s there for.

In all the years I’ve been betting, I’ve had 2 sportsbook account shutdown. They didn’t even limit the amount I could bet. They just emailed me and said my account was being closed, management decision. Nothing I could do about it.

Ever since then, I’ve kept all of my accounts, and I still regularly receive bonuses from the sportsbooks that offer them. I’m smart about how I place my bets.

It costs me a little profit, but it’s worth it in just the free bonus money that I get.

Bet what everybody else is betting on

First, I try to come across as a lucky, recreational bettor. I only bet on big markets. NFL, college football, NBA, college basketball, MLB, NHL and MMA. I don’t bet on obscure college games in divisions that nobody cares about. In fact, a lot of the games I bet on are on TV.

You don’t want to stand out from the crowd. My sports betting systems have a lot to do with public opinion, so obviously I need a lot of data. As a result of this, I only have picks on games in big markets.

For my live betting system, sportsbooks only offer live lines on big games (for the American sports). You won’t be able to get a live bet down on a small game.

Don’t constantly withdraw your money

Second, I don’t continuously withdraw my winnings. I leave them in the sportsbook until the end of each major season and then withdraw my winnings from that season, leaving a balance there to continue betting with.

What I mean by this is that after the Super Bowl is finished, I’ll check my bet tracker spreadsheet and see how much money I made in the NFL. I will withdraw that amount via Bitcoin or Skrill.

Be a homer

What’s a homer?

A homer is a person that always bets on their favorite team. They don’t really have a reason for it; they just like to bet on their favorite team. A homer is the very definition of a recreational sports bettor. Sportsbooks love homers. Be a homer.

You see, I try to lose on purpose on certain games. I have my favorite teams. I bet on them at the sportsbook I want to lose at, and I bet the other side at the sportsbook I want to win at. I keep track of this through my bet tracker spreadsheet. Basically, I’m trading my balance from one sportsbook to another.

Sure, sometimes the bets win at the wrong book, and I have to do it again, but I keep careful track of this. Trust me, I was never a winning sports bettor before I got disciplined and created my sports betting systems. I know exactly how to lose.

The goal is to get my money out of certain sportsbooks (so that I rarely withdraw from them, only deposit) and into other sportsbooks (that welcome winning players).

Sure, it costs a little money to do this. I basically juice out, which means I lose the money from the juice. But like I already said, the free bonus money I get more than makes up for it.

Never open multiple accounts

Don’t be an idiot. You have no idea the amount of technology the sportsbooks are using these days. They have databases that share player information with each other, too. They know when you’ve created multiple accounts.

They may let you open a new account.

They may let you fund a new account.

They may let you bet on a new account for 6 months.

But just wait until you try to withdraw your winnings.

Ever read the Terms of Service for the sportsbooks you use? Once they find out you’ve opened multiple accounts, they have the right to close your accounts and take your winnings!

You take a huge risk by opening multiple accounts. You might think you can be sneaky and open it in your best friend’s name, or your father-in-law’s name, but nope. You’ll mess up somewhere along the way, and they’ll connect your fake account to your real account (or a previous banned/limited account), and bam!

It’s not worth the risk.

Don’t be stupid about it.

No multiple accounts.

You have to think corporate

Thinking corporate is something that my corporate job taught me. Sportsbooks aren’t shady rinky-dink operations. They’re ran by huge corporations, that have accounting departments, risk management departments, and fraud departments.

They have P&L (Profit & Loss) statements, and you’re just another number to them. They’re ran by a bunch of suits that have Casual Fridays where you get to wear a company-branded polo shirt and jeans.

You have to play their game.

Remember, this is your business. This is their business, too. Your best financial interest is to always consider what their best financial interest is, too.

Certain sportsbooks (like Pinnacle, Betfair, and Bookmaker) welcome professional sports bettors. These sportsbooks are the smart ones that realize they make their money from the juice, so they just want the action.

Remember, you’re not taking the sportsbook’s money. You’re taking the money from some random gambler that bet the other side of the game.

Be smart about it. Think corporate.

January 2017 Results: +$1,026.57 Profit!

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)

How much money did I make in January 2017 from sports betting?

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:

  • FP System: I made 20 bets, and went 13-7 (65% winners). I put $701 into total action, returning a net profit of $164.84, producing a 23.51% ROI.
  • PR System: Even though I quit using this system towards the end of January, I’m still going to put the results here. I made 86 bets, and went 47-36-3 (56.6% winners). I put $3,046 into total action, returning a net profit of $304, producing a 9.98% ROI.
  • Live Betting System: I made 85 bets, and went 48-35-2 (57.8% winners). I put $3,142 into total action, returning a net profit of $284.75, producing a 9.06% ROI.
  • MMA Handicapper #1: I made 25 bets, and went 15-10 (60% winners). I put $910 into total action, returning a net profit of $203.53, producing a 22.37% ROI.
  • MMA Handicapper #2: I made 5 bets, and went 4-1 (80% winners). I put $190 into total action, returning a net profit of $60.86, producing a 32.03% ROI.
  • PCG: I made 27 bets, and went 14-13 (51.9% winners). I put $1,026 into total action, returning a net profit of $8.59, producing a 0.84% ROI.

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.

  • Money Line: I made 49 bets, and went 29-20 (59.2% winners). I put $1,784 into total action, returning a net profit of $286.70, producing a 16.07% ROI.
  • Spread: I made 184 bets, and went 105-74-5 (58.7% winners). I put $6,687 into total action, returning a net profit of $796.56, producing an 11.91% ROI.
  • Total: I made 15 bets, and went 7-8 (46.7% winners). I put $544 into total action, returning a net loss of -$56.69, producing a -10.42% ROI.

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!