Week 5 Results: +$280.98 Profit

Well, what can I say without sounding like a broken record? Another winning week! We got back on track after last week’s small loss. That’s just crazy, but it’s incredibly awesome. As I’ve said previously, I really am anxious to have 1 or 2 bad losing weeks, so that I can finally get a true reading on what I can realistically expect going forward.

It’s hard to do that when I’m on this kind of winning streak. Granted, the results aren’t as strong as they were the first 2 weeks, but this has just been some phenomenal results.

Total Results for Week 5
(1/2/2017 – 1/8/2017)

I made a total of 51 bets. I won 29 of them, lost 20, and pushed on 2, giving me a 56.9% win percentage. I put a total of $1,922 into action, and made a net profit of $280.98, producing a 14.62% ROI.

How much money did I make from sports betting?

 

Breaking it down by sport

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

Breakdown by Sport for Week 5

Breaking it down by sportsbook

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

Individual System Results

2 of my 3 systems were profitable this week, producing a net profit for the week.

FP Results

I had 4 bets total. I won 2 of them, and lost 2, giving me a 50% win percentage. I put $153 into action, and lost -$1.43, producing a negative ROI of -0.93%. Can’t win em all, but you’ll see below in the Cumulative Results section that all of my systems are currently profitable.

FP Results for Week 5

PR Results

I made a total of 25 bets. I won 14, lost 10, and pushed on 1, giving me a 56% win percentage. I put a total of $925 into action, and made a net profit of $133.14, giving me a 14.39% ROI.

PR Results for Week 5

LB Results

I won money with my live betting system this week. I had 22 bets. I won 13, lost 8, and pushed on 1, giving me a 59.1% win percentage. I put a total of $844 into action and I had a winning week, making $149.27 in profit, producing a 17.69% ROI.

Live Betting Results for Week 5

MMA Results

No MMA action this week.

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 260 bets. I’ve had 158 wins, 97 losses and 5 pushes, giving me a 60.8% win percentage. I have put a total of $7,009 into action, and have made a profit of $1,346.80, producing a 19.22% ROI.

My ROI will continue to drop every week until it reaches it’s true number (it was distorted because of all the bonus money I received on my deposits).

Cumulative Results for Week 5

As for the individual system/capper results:

  • FP System: 18 bets total. 11 wins, 7 loss (61.1% winners). $431 in total action, $60.52 in profit, producing a 14.04% ROI.
  • PR System: 105 bets total. 66 wins, 35 losses, 4 pushes (62.9% winners). $2,631 in total action, $820.93 in profit, producing a 31.2% ROI.
  • LB System: 82 bets total. 51 wins, 30 losses, 1 push (62.2% winners). $2,353 total bet, $393.12 in profit, producing a 16.71% ROI.
  • MMA picks: 55 bets total. 30 wins, 25 losses (54.5% winners). $1,594 total bets, $72.23 in profit, producing a 4.53% ROI. These kind of returns are much more realistic with sports betting, so I really like seeing these kinds of numbers.

As you can tell, the ROI keeps dropping every week. This is exactly what I want. As I went over in an earlier article, this is entirely because of the massive winning streak I was on, combined with all the bonuses I got from my deposits and reloads.

I have been at this for 35 days now. That’s an average of 7.4 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 $38.48.

Week 4 Results: -$16.87 Loss

This week, we had our first losing week. It happens. At least it was such a minimal loss, though. These kinds of weeks are to be expected. Actually, it gets much worse. I’ve had months where I won 3 weeks in a row and then on the 4th week, I ended up giving back all my profit and took a loss for the month. Losses happen, just be prepared for them.

Total Results for Week 4
(12/26/2016 – 1/1/2017)

I made a total of 79 bets. I won 39 of them, and lost 40, giving me a 49.4% win percentage. I put a total of $2,416 into action, and had a net loss of -$16.87, producing a -0.7% ROI. Much, much more realistic. It makes me nervous when results are so incredibly skewed. When I was getting 30-40% ROIs, while that’s absolutely phenomenal, it scares me a bit, because I know what’s eventually coming; I just don’t know when.

How much money I made this week betting on sports

Breaking it down by sport

I made the most money in college football this week, as well as producing the biggest ROI. I did the worst in the NFL.

Profit by Sport Breakdown

Breaking it down by sportsbook

I’m no longer going to provide exact numbers or screenshots for the sportsbook breakdown, because I need to protect my sportsbook accounts. I can’t risk a sportsbook figuring out which sportsbook accounts are mine.

I made the most money from Bookmaker, and I lost the most money at Pinnacle Sports. Bovada produced the largest ROI, while the worst ROI was from BetDSI.

Individual System Results

Overall, I made a profit this week, but these kinds of results are much more realistic. I’m happy with these results.

FP Results

I had 6 bets total. I won 2 of them, and lost 4, giving me a 33.3% win percentage. I put $126 into action, and lost -$68.73, producing a negative ROI of -54.55%. Can’t win em all, but you’ll see below in the Cumulative Results section that all of my systems are currently profitable.

Week 4 Results from my FP System

PR Results

I made a total of 28 bets. I won 14, and lost 14, giving me a 50% win percentage. I put a total of $815 into action, and made a net profit of $60.24, giving me a 7.39% ROI.

Now, you may be wondering how I made a profit if I had 50% winners. Since it’s football and basketball season, my PR system makes picks on the spread, so there weren’t any dogs. There are 2 reasons why I showed a profit. First, my bet size increased. I deposited money in a few different sportsbooks and took advantage of their bonuses, therefore increasing the amount I bet.

Second, and the main reason for the profit, was because of the bonus amounts that I got. With the spreadsheet that I use, it treats bonuses as free money. It’s not something that came out of my pocket, so the risk would be 0 for those bets that were made with the free play bonuses.

So since it’s free money, the spreadsheet doesn’t treat it as me risking anything, so when I lose a free play bet, it records that bet as I didn’t risk anything at all.

This is why I play it smart; bonuses are free money. They increase your bottom line so much. But you have to play it smart. I will be covering how I do this in a future article.

Week 4 Results for my PR System

LB Results

I lost money again with my live betting system this week. I had 21 bets. I won 11, lost 10, giving me a 52.4% win percentage. I put a total of $671 into action and I had a losing week, losing -$14.54, producing a -2.17% ROI.

Week 4 Results for my Live Betting system

MMA Results

This week, I made 24 bets. I won 12, and lost 12, giving me a 50% win percentage. I put $804 into action, and made $6.16 in profit, producing a 0.77% ROI. Such a tiny profit, but still a profit. Check the Cumulative Results section below to see how I’ve done so far with my MMA handicapper.

Week 4 MMA Results

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 209 bets. I’ve had 129 wins, 77 losses and 3 pushes, giving me a 61.7% win percentage. I have put a total of $5,087 into action, and have made a profit of $1,065.82, producing a 20.95% ROI.

My ROI will continue to drop every week until it reaches it’s true number (it was distorted because of all the bonus money I received on my deposits).

As for the individual system/capper results:

  • FP System: 14 bets total. 9 wins, 5 loss (64.3% winners). $278 in total action, $61.95 in profit, producing a 22.28% ROI.
  • PR System: 80 bets total. 52 wins, 25 losses, 3 pushes (65% winners). $1,706 in total action, $687.79 in profit, producing a 40.32% ROI.
  • LB System: 60 bets total. 38 wins, 22 losses (63.3% winners). $1,509 total bet, $243.85 in profit, producing a 16.16% ROI.
  • MMA picks: 55 bets total. 30 wins, 25 losses (54.5% winners). $1,594 total bets, $72.23 in profit, producing a 4.53% ROI. These kind of returns are much more realistic with sports betting, so I really like seeing these kinds of numbers.

As you can tell, the ROI keeps dropping every week. This is exactly what I want. As I went over in an earlier article, this is entirely because of the massive winning streak I was on, combined with all the bonuses I got from my deposits and reloads.

I have been at this for 28 days now. That’s an average of 7.5 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 $38.07.

What’s the best way to deposit money?

Once you start treating this as a business, you’ll realize that you need to be able to move your money in and out of your sportsbook accounts for as little of a cost as you can. The US government makes this a bit harder for people living in the States, while the the rest of the world has a much easier time doing this.

If you live in the United States, the absolute best way to transfer money in and out of your sportsbook accounts is with bitcoin. If you live outside of the States, you have many options; I like Skrill (formerly Moneybookers) and plain ole fashioned wire transfers.

Many sportsbooks offer a variety of deposit and withdrawal options, such as credit cards, person-to-person (Western Union & MoneyGram), money orders, bitcoins, and bank transfers.

Person-to-person transfers have become much more scrutinized over the past few years. People have found that they’ve become banned from using Western Union and/or MoneyGram, even from the occasional transaction to send or receive money. The US government has cracked down hard, so funding options have gotten tougher.

Bitcoin is anonymous and easily accepted just about everywhere, plus they make it easier to move your money between sportsbooks (as you should be doing, to take advantage of better lines and better deposit bonuses). Never leave money on the table!

Another downside with other deposit/withdrawal methods is that some sportsbooks charge higher fees. If you’re a recreational gambler, sure, funding with a credit card or Western Union/MoneyGram is just fine, but as a business? Hell no. Keep it simple. Bitcoins for Americans, Skrill (or wire transfers) for everybody else (or whatever e-wallet is popular in your country).

Week 3 Results: +$112.42 Profit

Week 3 was a really slow week, because of the holidays. I didn’t work very much; I chose to spend most of the time with my family. As a result, I didn’t put in very many bets at all, but it was still a profitable week.

Total Results for Week 3
(12/19/2016 – 12/25/2016)

I only made a total of 11 bets. I won 8 of them, and lost 3 of them, giving me a 72.7% win percentage. I put a total of $286 into action, and made a net profit of $112.42, producing a 39.31% ROI. Amazing results. To be honest, I really expected this winning streak to be over with by now. I expected to be on a losing streak, but a 3 week winning streak only means that a bad losing streak is coming.

How much money I made betting on sports this week

Breaking it down by sport

Yet again, the NBA gave me my most profit, and highest ROI. College football produced the biggest loss.

Profit by Sport Breakdown

Breaking it down by sportsbook

Heritage Sports made me the most money this week, and produced the biggest ROI. 5Dimes lost me the most money.

Individual System Results

2 of my system made me a profit, while I lost money on the 3rd.

FP Results

I had 3 bets from my FP system, and I won all 3 of them. $78 in total action, producing a profit of $72.04 and a 92.36% ROI.

FP Betting System Results for Week 3

PR Results

I had 4 bets. I won 3, and lost 1, giving me a 75% win percentage. I put a total of $104 into action, and made a $47.16 profit, producing a 45.35% ROI.

PR Betting System Results for Week 3

LB Results

My live betting system lost me money this week. I had 4 bets. I won 2 and lost 2, giving me a 50% win percentage. I put a total of $104 into action and lost -$6.78, giving me a negative ROI of -6.52%. If this is as worse as it gets, I’d be ecstatic. Sadly, no, losing streaks get much worse, but we’ll cross that bridge when we get there.

Live Betting System Results for Week 3

MMA Results

The handicapper I use did not release any MMA picks for the week, so I had no action on those at all.

Cumulative Results

Since I started back on December 5, 2016, I’ve made a total of 140 bets. I’ve had 94 wins, 43 losses and 3 pushes, giving me a 67.1% win percentage. I have put a total of $2,671 into action, and have made a profit of $1,082.69, producing a 40.54% ROI.

My ROI will continue to drop every week until it reaches it’s true number (it was distorted because of all the bonus money I received on my deposits). 

As for the individual system/capper results:

  • FP System: 10 bets total. 7 wins, 3 loss (70% winners). $152 in total action, $130.68 in profit, producing a 85.97% ROI.
  • PR System: 56 bets total. 40 wins, 13 losses, 3 pushes (71.4% winners). $891 total bet, $627.55 in profit, producing a 70.43% ROI.
  • LB System: 43 bets total. 29 wins, 14 losses (67.4% winners). $838 total bet, $258.39 in profit, producing a 30.83% ROI.
  • MMA picks: 31 bets total. 18 wins, 13 losses (58.1% winners). $790 total bets, $66.07 in profit, producing an 8.36% ROI. These kind of returns are much more realistic with sports betting, so I really like seeing these kinds of numbers.

I have been at this for 21 days now. That’s an average of 6.7 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 $51.56.

Why it’s hard to make a living betting on sports

Going in, you have to know that the world is against you. Nobody wants you to win. Nobody wants you to be the guy that figured out how to beat the system. Just about everybody you know wants you to fail. Can you handle that?

Maybe you have thick skin. Maybe you have that fuck the world mentality going on. That’s something that I really like about older people. They’ve been through enough shit that they naturally have that fuck you ability. I love it.

It’s you against the world

The world is against you. The system is against you. The sportsbooks are against you. Other sports bettors are against you. Hell, even you are against you (even if you don’t realize it). You are your own worst enemy.

Even if you manage to brush off everything else that is against you, chances are that you’re probably not well-equipped to handle yourself. Most of us aren’t. And that’s why, for the vast majority of sports bettors, you will fail. You will not be able to bet on sports for a living.

At least, not until you’ve had enough; when you reach that moment where you are sick and tired of life beating you down. When you are finally beaten into submission, when you’re ready to throw in the towel, to raise the white flag of defeat, to admit that you absolutely suck at sports betting; only then do you have a fighting chance of making it.

Killing the Thrill

Since you’re reading this right now, I’m going to assume that you’re ready. I’m going to assume that you’re ready to admit that betting on sports is not a game. It’s not a hobby. It’s a business. It requires hard work. It requires discipline and dedication. It’s not something you do with the boys on Sundays while eating wings and getting fucked up.

Just like with any other business, you have to have a plan. What are you going to do? You’re probably not a statistical math genius, right? You will have to get your picks from somewhere. 99% of handicappers are scammers. They exist only to steal your money, your time, and your pride.

You will have to learn how to be incredibly disciplined. You will have to learn how to keep placing your bets even when you’ve just lost your last 15 bets. You will have to learn to accept the reality of having 4 losing months in a row. You will have to remove all emotion from this business. You will have to be persistent, thick-skinned, and dedicated to make it in this business. In other words, you have to completely kill the thrill.

Chances are … you can’t

You know what? Most people can’t do it. You probably won’t be able to do it, either. It took me years before I was able to get to the point where I am now. Who knows? Maybe you’re already at that point right now. Maybe you will be one of the 1% of sports bettors that actually do make it. I hope you are.

I love this business. It drew me in, and it energizes me. The losing streaks used to wipe me out emotionally (and financially). They drained me, until I learned to look at this like a business. Losses are just a cost of doing business; they are just another expense. All businesses have revenue, and all businesses have expenses. Wins are revenue, losses are expenses. It’s simple accounting.

You’re not an island

Betting on sports for a living is quite difficult, until you learn to change your mindset and treat it like a business. You can’t do it on your own. There’s no scalability in that. I can’t speak for you, but personally, I dream big. I don’t start something if it’s not scalable. I have no interest in buying myself a job. I already have a day job that I’m trying to quit one day.

I figured out that I can’t do this on my own, and neither can you. You need suppliers (handicappers & systems). You need an army behind you. That’s part of my mission here; to create an army of intelligent sports bettors that do this for a living. Why? Because there is strength in numbers.

I developed 3 sports betting systems on my own. They target the American sports. Maybe you’ve developed your own system. Maybe you’re really good at betting one of the sports that I don’t have a system for, like soccer, rugby or tennis. I would love to have my money in action 24/7. Why let it sit there, not making me money for a large portion of the day?

And of course, there’s the social aspect of it. My goal is to create a global community of people that bet on sports for a living. A community where we collectively feel a unity between us. Where we share our thoughts, experiences, successes, failures, tips and also just say … hey, how ya doin?

It takes intense dedication

The past 2 weeks have shown me incredible results. I’ve increased my bankroll substantially. It has been one of those legendary winning streaks that dreams are made of. It has been one hell of a December to remember.

But I can’t let that rush get to my head. That rush will ruin me, if I let it. I have to stay smart, dedicated, and focused. The losing streak is coming. It’s right around the corner. I have to be prepared to go 2-15, and still get up the next day and make the same size bets, as if the past had never happened. Can you do that?

If you can’t, then you’re not ready. By all means, stick around and follow along as I (and the rest of my readers) remain calm and continue to crush it. It will click for you eventually, and when it does, the sky is the limit.

Maybe a hobby should stay a hobby?

Remember, the world is against you. People want you to fail. You won’t even be able to tell most people what you’re doing. For one, they won’t care, and two, they’ll just be incredibly negative about it. Nobody wants you to succeed. Misery loves company.

Are you ready to handle a business where you have to keep quiet about it? Maybe just your spouse and your closest 1 or 2 friends will know about it. Are you okay with that?

Are you ready to handle a business that pretty much takes the fun out of something you do for entertainment? I used to bet on sports for fun, to add a rush to a game I was going to watch. I don’t do that anymore. I don’t bet on sports recreationally anymore. Sure, I still go to sports bars to watch UFC or my favorite football team, but I don’t bet on them anymore. It’s not fun for me. It’s business.

Are you different?

I personally love it. I wouldn’t have it any other way, and I hope that I will be doing this for years to come. Chances are, you won’t be. It takes a certain type of person; a certain type of character. Most people don’t have it. You probably don’t have it.

And there’s nothing wrong with that. Like I said, 99% of sports bettors don’t have that level of discipline. They simply can’t do it. I don’t fault them. Not everybody can bake cakes or cut hair or set a cast or defend you in a lawsuit … or run a successful sports betting business.

But if you think you’re different. No, scratch that. If you know that you’re different, then you will be able to make it. You will be able to at least make a nice side income from sports betting. Your bankroll and quality of desired lifestyle are really the only limiting factors in the equation.

What you can realistically expect

Just like with any other business, expect the first 3-5 years to grow slow. Unless you’re coming in with a $100,000 to invest, then it’s going to take time to build up your bankroll to a level that can produce the level of income that you will require for your desired quality of life. If you only have $1,000 to start with, that means you will start off risking $10 a game. It would take you more time to grow your investment into something that produces $1,000 a month in income, compared to somebody that started with $25,000 and would start off risking $250 a game.

For most people that bet on sports, reading those numbers might be a shock to them. That’s just the reality of it. Those are the numbers to expect. That’s what it takes. The human brain wants what it wants now. We demand instant gratification. We’re not willing to put in the hours and do the work. We want it all, and we want it all right now.

It doesn’t work that way with this business (nor with any other business). As I’ve said countless times, success requires dedication. It requires patience. It requires persistence. Discipline. Obsession. Can you be disciplined? Are you willing to take it to a level where people would say that you’re obsessed? Obsession is just the hardcore version of dedication.

This blog is about transparency; no sugar-coating. It’s about what it really takes to make it in this business. It’s okay if you’re not cut out for it; most people aren’t. I am.
I will make a living from betting on sports.

Will you?

Week 2 Results: + $227.01 Profit

Week 2 is now in the books, and while I didn’t kick as much ass as I did on the first week, it was still a really great week. I’ll take 2 dimes in profit any day of the week. Hell, my goal is to make 2 dimes a month, so 2 dimes in a week is damn good to me.

Total Results for Week 2
(12/12/2016 – 12/18/2016)

I made a total of 49 bets. I won 29 of them, lost 17, and pushed on 3, giving me a 63% win percentage. Still very awesome results. I put a total of $1,006 into action, and made a net profit of $227.01. I produced an ROI of 22.57%. Outstanding.

How much money I made betting on sports this week

Breaking it down by sport

The NBA gave me the most profit, while college hoops gave me the highest return. MMA performed the worst.

Breakdown by Sport for Week 2

Breaking it down by sportsbook

MyBookie produced the most income this week, and the biggest return/ROI. The reason for that crazy-high return is because they gave me a large deposit bonus and I finally used it all up. Future returns will go back to normal amounts. Heritage Sports produced the worst results.

Individual System Results

My 3 systems all produced a profit. The one handicapper’s MMA picks I paid for produced a loss, but that’s going to happen. All I care about is that I’m making a profit over the course of the year.

FP Results

I had 3 bets this week under my FP system. 2 wins, 1 loss. $52 total bets, producing a profit of $19.67 and a 37.83% ROI. Profit is profit, and I’ll gladly take what I can get.

FP Betting System Results for Week 2

PR Results

What a great week for my PR system. I had 22 bets. 14 wins, 5 losses, and 3 pushes, giving me a 63.6% win percentage. I put a total of $366 into action, making a profit of $216.35, producing a 59.11% ROI. Damn.

PR Betting System Results for Week 2

LB Results

My live betting system didn’t do as well this week as it did last week, but still a profit. I had 14 bets. I won 9, lost 5, giving me a 64.3% win percentage. I put a total of $338 into action, and made a $65.39 profit, producing a 19.35% ROI.

Live Betting System Results for Week 2

MMA Results

Ouch. I didn’t do so well this week on MMA, but I can’t win every week. The handicapper released 10 picks. 4 wins, 6 losses. 40% win percentage. I bet a total of $250 and I took a loss of -$74.40, giving me a negative ROI of -29.76%. Oh well, it happens.

MMA Betting Results for Week 2

Cumulative Results

Since I started back on December 5, I’ve made a total of 119 bets. I’ve had 82 wins, 34 losses, and 3 pushes, giving me a 68.9% win percentage. I have a put a total of $2,385 into action, and have made a profit of $970.27, producing a 40.68% ROI. My ROI will continue to drop every week until it reaches it’s true number (it was distorted because of all the bonus money I received on my deposits). The average odds of my bets are -105.

As for the individual system/capper results:

  • FP System: 5 bets total. 4 wins, 1 loss (80% winners). $74 in total action, $58.64 in profit, producing a 79.24% ROI.
  • PR System: 48 bets total. 35 wins, 10 losses, 3 pushes (72.9% winners). $787 total bet, $580.39 in profit, producing a 73.75% ROI.
  • LB System: 35 bets total. 25 wins, 10 losses (71.4% winners). $734 total bet, $265.17 in profit, producing a 36.13% ROI.
  • MMA picks: 31 bets total. 18 wins, 13 losses (58.1% winners). $790 total bets, $66.07 in profit, producing an 8.36% ROI. These kind of returns are much more realistic with sports betting, so I really like seeing these kinds of numbers.

I have been at this for 15 days now. That’s an average of 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 $64.68. Damn, I wish that was sustainable. Who wouldn’t love to profit an extra 2 grand a month? I can’t wait to see what the true numbers are after this winning streak is over.

What kind of income can you realistically expect from sports betting?

Realistically, you can’t expect to make any money whatsoever from sports betting. That’s just the cold, hard reality of it. For the vast majority of people that bet on sports, it is pure entertainment for them. That is all they can ever hope to get out of it. Just entertainment.

They go with their gut. They remember last week’s game and how good their team was, and they bet emotionally. They fall for handicapper’s marketing claims, spending their hard-earned money on somebody else’s opinion (an opinion which was never any better than what you can come up with on your own), and they inevitably lose … yet again.

That’s the reality of sports betting. That’s why Las Vegas exists. That’s why sportsbooks exist. They exist because it’s a business designed to take your money, and provide a thrill in return. Entertainment. An adrenaline rush. It’s no different than you paying money to get drunk, or drive a fast car, or go bungee jumping.

Full transparency is what this site is about

Hey, I’m just being honest here. The cold, hard truth, no matter how tough it may be to hear. And ya know what? For the majority of people that bet on sports, they are completely okay with that. They see it as a form of entertainment. It’s their drug of choice. And there’s nothing wrong with that. But I want more.

Every single sports bettor in existence has wondered at one time or another if they were good enough to actually be able to bet on sports for a living. What kind of life would that be, huh? No bosses to worry about, no traffic to deal with, no co-workers, no endless meetings. Just wake up, do whatever you want to do, place your bets for the day, maybe watch a game or two. Have a couple of drinks. Fuck your wife. Sleep. Do it all over again the next day. Sounds great, right?

But then reality sets in. It always does. Betting on sports is one of the hardest ways to make an “easy” living. But it can be beat. It can be done. It will require an edge. It will require discipline. But it can be beat. This blog is an experiment to do just that.

To make the kind of income that it requires to live a relatively stress-free lifestyle, from sports betting, requires a significant bankroll. You will never be able to make a living from betting on sports if all you have to invest is $1,000. It can’t be done. You would need to win a parlay that paid out a huge return on your buy-in, just to build the bankroll needed to sustain your business.

I know that I’m starting with a $2,000 bankroll, but I’m also fully aware that it will take years before I will be able to quit my job and do this for a living full-time. As long as you’re aware of what a realistic time-frame is, and you have the patience and maturity that is required to make it in this business, then you have a shot at making it.

Make no mistake about it –
this is 100% a business

It’s not a game. It’s not a hobby. It’s not something you get drunk and do. It’s a business. It has expenses, and it has income. You must treat it as such. You wouldn’t show up drunk at your day job; you would probably get fired over it. Sports betting is no different. You almost have to erase the thought of gambling from your mind. You’re not betting on sports. You are trading assets. You’re buying low and selling high. It’s no different from investing in the stock market.

Handicappers would have you believe that you can make $10,000 in a weekend. No doubt, it’s absolutely possible – if you’re starting with a $25,000 bankroll and go on one hell of a streak. They do happen, definitely, but get ready for the losing streak that’s coming up right after it that’ll take away half of what you made.

Emotions have to be left at the door

That’s where discipline comes into play. There’s no place for emotions in sports betting. Only discipline. You don’t have discipline, you don’t play the game. It’s that simple.

Just this past weekend, I went on a crazy winning streak. Every thing that could possibly go right, went right. The moon and stars aligned perfectly. It was like getting served a plate of ribs, with a rum n coke on the side, and getting your dick sucked, all while watching Rambo. It was that kinda weekend. I won 70% of my bets, made 4 hundred bucks profit and close to a 37% ROI. I could’ve just as easily lost $400, though.

I’m fully prepared for that losing streak to happen. I do not bet emotionally. I have discipline. I follow the rules that I laid out in the beginning. They don’t let me down. Math never lies. It can’t. I put my trust in math. Always trust numbers.

Numbers never lie, and neither does ROI

I started this blog/experiment with a $2,000 bankroll. It hasn’t even been 2 weeks yet, and my bankroll has grown nicely. I made a grand in 2 weeks. That feels awesome just saying that out loud. If I can keep growing this steadily, I’ll easily be able to quit my day job, working as a cubicle monkey, asking for permission to go eat, and when I can go home. 

My total cumulative ROI right now, as of the date of this article, sits at 46.45%. There is no way on God’s green earth that I can sustain that number. That would mean that if I put $100,000 into action (and that’s the total amount of risked money added up over time), that I would net $46,450 in profit, based on current ROI.

Let me further explain real quick what I mean when I say that you’re risking a total amount of money over time. Let’s say you bet $100 on one game, every day, for a month. You risk $100 on the first day, $100 on the 2nd day, etc. After 30 days, you’ve risked a total of $3,000. You never risked $3,000 at any one time. Hell, your bankroll might just be $500. But you’ve still managed to put into action a total of 3 grand. And going with my 46.45% ROI, that would produce a net profit of $1,393.50. Math’s great, ain’t it?

Proof that it can be done

There’s another blog that I follow, Daily25.com, and he’s doing the exact same thing that I am, except he’s over in Australia, more focused on different sports. I focus on the American sports, because, well, I’m an American. His ROI, over the past 6 years, is 1%.

Over the past 6 years, he’s risked a total of 28.4 million dollars, and he’s made a net profit of $284,000. His average daily profit currently sits at $126.45. That’s $3,800 a month. 45 grand a year. You can definitely make a living on 45 grand a year, and it will only get better year after year, as your bankroll increases over time.

So back to what I was saying. I’ve been following along Steve over at Daily25, and his initial goal was to make $25 a day from betting on sports. Now his goal is $250 a day in profit. He started with a $50,000 bankroll. Over the past 6 years, he’s turned that $50,000 bankroll into almost $285,000. That’s just crazy.

To put that into perspective, based on the numbers on his site, if he had put that same $50,000 into an index fund, he would now have about $77,000. If he had put the $50,000 into a regular savings account that paid interest, he would now have $62,500.

If others can do it, you can do it

As you can see, sports betting can definitely pay off, provided that you have a few tools at your disposal:

  1. An edge
  2. Discipline
  3. A bankroll

You need all 3. Not 2/3. All of them. 100% is what it takes to make it in this business. Not 75%. 100%. You can’t half-ass it. You’re either in, or you’re out. I’m in. I’m 100% in. If Steve at Daily25 can do it, then I damn sure can do it, too. He did it by paying for picks from 1 handicapper that developed a killer system. I developed my own killer systems, and I pay for picks from 1 handicapper (so far; I will be adding on 2 additional handicappers in the coming year).

I will most definitely update this article in the future, as I get more concrete numbers for you. I’ve given you the stone-cold facts. I’ve shown you an example of a guy that’s done it for the past 6 years and now makes a very respectable income from his blog.

[su_highlight background=”#fff717″]I’m next. If another man can do it, so can I.[/su_highlight]

[su_highlight background=”#fff717″]And if I can do it, so can you.[/su_highlight]

So let’s do it

Week 1 Results: +$743.26 Net Profit

Well, the first week is now finished, and what an amazing week it’s been. If every week was just like this, I could easily be retired by now. Of course, it makes me really nervous, knowing what’s coming next. Anytime you go on such an awesome winning streak, the inevitable losing streak is right around the corner, waiting to bitch-slap your ass back down to Earth.

This week is also a great example as to why winning percentages don’t really matter that much; ROI (Return on Investment) is all that matters. Because 2 of my systems overlap each other (but have different lines, due to one being a live betting system), I am often betting on a game twice, which artificially inflates my win percentage.

I also made a mistake in the math on my spreadsheet, that was causing my bet/risk amounts to increase much faster than normal. I discovered the error yesterday (Sunday) morning, and corrected the bet amounts. Future growth won’t be as fast as this last week’s was, and I’m okay with that.

Alright, so let’s get down to it.

Total Results for Week 1
(12/5/2016 – 12/11/2016)

I made a total of 70 bets. I won 53 of them, and lost 17, giving me a 75.7% win percentage. Awesome. I put $1,379 into action (this is the cumulative total of all the money that I risked over the week; I didn’t risk that much on any given day), and made a net profit of $743.26. I produced an ROI of 53.9%. Like I said, if I could produce that every week, I would be retired by now. 

How much money I made this week betting on sports

Breaking it down by sport

I made the most money from the NBA this week, with the NFL providing the highest ROI.

Profit Breakdown by Sport for Week 1

Breaking it down by sportsbook

I like seeing how each individual sportsbook does for me. I have a theory that I want to test over time, but I’ll need much more data before I can do that. My theory is that certain sportsbooks will either consistently win or lose me money, so I’m curious how this will play out over thousands of bets.

BetOnline made me the most money, while Bovada provided the highest ROI. Bovada is an absolutely great sportsbook for betting the dogs.

Individual System Results

I have 3 systems that I created, and I’ve named them FP, PR, and LB. I’m also betting MMA picks from a handicapper that I pay for. There are 2 additional handicappers that I am interested in trying their picks, but I want to wait about 3 months before doing that.

FP Results

I only had 2 bets this week, and they both won. My FP system doesn’t always produce a lot of bets, but they win at a pretty high rate. The ROI (listed under ‘Return’) is incredible at 177.14%, but that’s only because I used a free-play (a deposit bonus). I’m just about out of my free-play bonuses, with the exception of one sportsbook, so my ROI will be much more realistic in future weeks. I made a net profit of $38.97.

FP Betting System Results for Week 1

PR Results

Amazing week. Out of 26 bets, I had 21 winners, producing an 86.47% ROI, and a net profit of $364.04. There is no way that is sustainable, but I’ll fully enjoy it while it’s being given to me.

PR Betting System Results for Week 1

LB Results

Also a really great week. My LB system is my Live Betting system. It does overlap with the PR system. It’s actually the same system, but sometimes with the Live Betting system, some of the plays are eliminated. Out of 21 total bets, 16 won, for a 76.2% win percentage, producing an ROI of 50.45%, and a net profit of $199.78. Simply amazing.

Live Betting Betting System Results for Week 1

MMA Results

I am currently paying for one handicapper’s picks, and he’s very good. He doesn’t always win; he’s very streaky. He’s been losing for the past few months, and pretty much won it all back and made a profit this month. That’s just how sports betting goes sometimes.

Out of 21 picks, I won 14 of them, for a 66.7% win percentage. I put a total of $540 into action, and made a net profit of $140.47, giving me a 26.01% ROI.

Great handicappers are out there, you just have to find them.

MMA Betting Results for Week 1

Cumulative Results

Since this is my first week, the cumulative results are the same as my first week results, so there’s no need for me to repeat those.

Since I first started 7 days ago, I’ve made an average profit of $106.18 per day. That’s simply incredible, but I would be a fool to expect these kinds of results to continue. I’ve made a total of 70 bets, for an average of 10 bets per day. Those results are skewed, because a lot of bets come in on the weekends, primarily because the MMA handicapper I use releases a lot of picks on fight nights (typically Friday and Saturday nights).

Closing Comments

I’m very excited about these results, even as atypical as I know they are. But still, what an incredible way to kick this experiment off. I can’t wait to see how the results level off as the losing streaks come. I know, it sounds kind of messed up; I’m actually anticipating the losing streak.

I know what all my data shows me, but data and money in the bank are 2 entirely different things. 2 years from now, my goal is to be able to quit my job and live entirely from sports betting, and the income that this blog generates. One week down, 103 to go.

laptop on table

Can you really make a living betting on sports?

I'm going to guess that you're not a math genius (that's okay, neither am I).

There's nothing wrong with that most of us aren't.

There's also many sports fans who seem to know every stat, about every player, on every team, and they think that their knowledge is going to give them the edge needed to beat the sportsbooks.

It won't. The line already includes every bit of knowledge they have.

Sure, they'll have their winning streaks, and that causes them to wonder if they could actually do this for a living.

To those people, the answer is NO! They will not be able to make a living betting on sports.

If knowledge of the game was all you needed, there wouldn't be anybody working at ESPN, FOX Sports, or SKY; they'd all be rich from staying home and just betting on the games.

So for the rest of us who aren't delusional die-hard sports fans or math geniuses, that leaves us with the option of paying professionals for their opinions. These professionals are either called handicappers, touts or tipsters, depending on where you live in the world.

So ... can you?

​This blog is about my experiment to see if I can make a living just from betting on sports.

I'm not rich, so I still have a day job.

I'm starting with a $2,000 bankroll that I will be depositing into various sportsbooks.

One of the systems that I use (I developed it myself) is a live betting system, and BetOnline has one of the best live betting platforms (with decent limits) for Americans.

I will start off using the following sportsbooks:

  • BetOnline. They offer a 50% welcome bonus up to $2,500 for new accounts. They also have a 25% lifetime reload bonus, up to $1,000. They even have a $25 live betting free play, as well as a $50 mobile betting free play.

    I do a lot of live betting, and BetOnline gets probably 98% of my live bets.
  • 5Dimes. They offer up to a $520 welcome bonus for new accounts, and up to a $500 reload bonus. You also get to choose between either reduced juice or a cash back program. I chose the reduced juice option.

    5Dimes gets most of my UFC/MMA betting action, because I can always bet on whatever fight that I want to.
  • Heritage Sports. They offer a 50% cash bonus up to $250 on new accounts, and a 10% reload bonus, up to $500. They also offer reduced juice and a cash back program.

    I don't make a ton of bets at Heritage, but they do have a good live betting system, and frequently offer really great odds if you're unable to bet at Pinnacle.
  • MyBookie. For new accounts, you can choose either a 20% cash bonus (up to $500) or a 50% free play bonus (up to $3,000). For reloads, you get a 25% bonus (up to $500).

    I primarily joined MyBookie for the incredible bonuses they offer, but they do offer live betting and you'll get great lines during American football season. For the rest of the year, I rarely make any bets at MyBookie, because of their standard 20-cent lines.

    But when the American football season rolls around, MyBookie gets a lot of my action. Their bonuses are incredible, and they're competitive on lines.
  • Bookmaker. For new accounts, you can choose between a 15% free-play bonus (up to $1,500) or 50% cash bonus (up to $1,000). For reloads, there's a 100% free-play bonus (up to $1,000).
  • Bovada. For new accounts, there's a 50% bonus (up to $250). They also have reload bonuses, but they're not advertised.

    Bovada is a great sportsbook that you have to have, simply because they have great odds on dogs. They've definitely made me a chunk of money, just from the better odds.

    I bet a lot of underdogs, so I would be leaving quite a bit of money on the table if I didn't give Bovada some of my action.
  • Pinnacle. They don't offer any bonuses whatsoever, but Pinnacle is my all-time favorite sportsbook.

    They openly welcome winners (they don't limit your account for winning), they have incredibly high betting limits, and they offer lines on all the major sports. Their live betting system isn't the best out there, otherwise they would get nearly all of my action.

    Unfortunately, Pinnacle doesn't accept US residents, but if you're able to get an account with them, Pinnacle is definitely a must!

They're all pretty much the same. They all pay fast, they all offer plenty of different wagering options. Most of them accept Americans and have great welcome and reload bonuses (only Pinnacle doesn't).

I have my reasons for having accounts at each of them. There are a few other European sportsbooks I will be creating accounts at eventually, because they offer a lot more bets for soccer.

For now, I'm sticking with the above sportsbooks.

The Rules

​Since none of my bets are any stronger than the others, I will be betting them all for the same amount.

Some handicappers release plays for multiple units, but I strictly bet the same amount on all bets. Therefore, the records I report for those handicappers will be slightly different than what they have.

I don't know how they pick their games, so I don't know if they rate their games based on a mathematical edge, or just how strongly they feel about the game. For this reason, I flat bet the same amount (level stakes).

The only time I would consider following a handicapper's unit rating system is if I knew that the picks came from a model, and the unit rating was directly related to what percent edge that pick had.

I will be betting to risk 1% of my bankroll, and this number will change daily. My spreadsheet keeps track of this for me, and tells me how much I should be risking per bet.

I will be as transparent as I can be. I will be tracking everything with a spreadsheet, and will be sharing those results with you.

I will be doing a weekly update post, and my weeks run from Monday to Sunday.

I have 3 systems that I developed myself. I probably won't ever reveal what they are, but they are definitely profitable. 

I will also be purchasing picks from a few different handicappers that I trust and that have been in business for years.

My Criteria for Choosing Handicappers​

Let's face it, most handicappers give the entire industry a bad name.

They're mediocre at best, but they're absolutely great at marketing, and manipulating your emotions.

They want you to think that something is wrong with you, and that you can't win without their advice.

They tout seemingly incredibly winning percentages (which are either extremely cherry-picked subsets of their bets), or more than likely, just outright lies), and frequently have Game of the Year bets every weekend.

They advise you to bet 10 units, or 10-20% of your bankroll on their plays. This is a quick way to lose all of your money. If you regularly risk more than 3% of your bankroll per bet, you WILL have to reload at some point. It's a mathematical certainty.

It's only a matter of when, not if. It will happen.

A lot of them say they have insider information, or used to play the game, or used to be a coach, or try to use trends, weather, or even "bad" game schedules (like east coast teams having to fly to the west coast for a late night game and then back the next day for an early game).

It's really no wonder they have such bad reputations.

Unfortunately, sports bettors fall for their scams every day, and then once they lose their money, they swear off handicappers for life, and never end up making money from betting on sports.

Obviously, I won't be using any of these types of handicappers. I have my own criteria that I'll be using to pick which handicappers that I'll be buying picks from.

  1. They must have released a minimum of 1,000 picks over a minimum of 1 year. Anybody can go on winning streaks. Twitter is full of what’re known as “Twitter touts”, who go on winning streaks and decide to start selling their picks. When they go on their losing streak, they close that account and start a new Twitter handle. Anybody that can stand the test of time, especially over 1,000+ picks, isn’t using luck. They have skills, and I will gladly pay for their picks.
  2. Their record must be tracked somewhere. With the exception of one handicapper (because I’ve known and followed him for years) that I’ll be using, every other handicapper that I use must have their picks tracked at a 3rd party site. Too many handicappers lie. It’s too easy to change your record on your own website. When it comes to my money, I trust very few people. For this reason, they must be tracked, and there’s a handful of tracker sites that I trust.
  3. They must release the picks early enough for me to get my bets in. I have a day job. I have things to do. I can’t be sitting around waiting for my phone to ding to let me know I have bets to place. I work in an office, and frequently have meetings. I can’t be getting an email 15 minutes before a game starts, or during halftime (to make a 2nd half bet). I want a minimum of 4 hours before a game starts to get my bets in.
  4. I must stick with them for at least 1 season. I’ve been betting on sports for long enough now that I know that there will always be winning and losing streaks. You can lose for 4 months in a row and then have a killer 5th month that makes up all your profit for the season. It’s just how sports betting works. You have to have the bankroll to weather the storms, and you have to be realistic about what to expect.

I know that by restricting handicappers to the above criteria, I remove most of them. I’m fine with that. I’m incredibly picky about who I go into business with. You should never do business with a handicapper that you’ve never researched or never heard of before. They don’t have insider information. There are very few reliable betting models that work, so you have to go with professionals that use one of these models.

If you’re bored and you get a tout on the phone, try asking him how he gets his picks. What model does he use; how is he actually determining who is going to win the bet (whether money line, spread, total or 1st half)? Does he make his own lines and then look for discrepancies in the published lines (I wouldn’t ask a handicapper this directly, as they can simply say yes and that’s pretty much it)? Ask him what his ROI is over his last 1,000 picks. His winning percentage doesn’t matter. ROI is all that matters. You’re looking for somewhere around a 5% ROI, plus or minus a few points either way. Ask him if he assigns a rating to his picks (some of them refer to this as stars, units, dimes, etc), or if he bets everything for the same amount.

What I Hope to Accomplish

I know that people make money from betting on sports – and not just the sportsbooks. I know that my systems produce winning picks. I want to eventually quit my job and be able to bet on sports for a living, supplementing that with income produced by this blog.

I know that it will take at least a couple of years before I can hope to produce an income that I can live on. Since I’m starting with a $2,000 bankroll, my bets will be very small in the beginning. I will add more money to my bankroll as I can afford to do so, but $2,000 is what I’m starting with. 

I want to be able to prove to people that the sportsbooks do not always win. It will take discipline and consistency, but I want to be able to prove that yes … you can make a living by betting on sports.

1 4 5 6