2 winning weeks in a row feels so nice, especially after having so many losing weeks in a row. I'm so, so close to doubling my bankroll, and I'm really excited about that. Making this blog has been one of the keys to my success: holding myself accountable.
When it's just me looking at my balances at the various sportsbooks, it's easy to look the other way or "forget" your mistakes.
But when I'm being completely transparent and disclosing everything, it constantly reinforces in my mind the kind of discipline it really takes to make it in this business.
Sports betting itself isn't the hard part; it's managing your emotions (and thus, your bankroll).
I know that my own systems are profitable, as are the few handicappers that I'm paying for. My problem in the past was that I never took it seriously enough, or had enough patience to make it through a losing streak.
I used to make all kinds of really stupid bets.
Now? I get really excited watching my bankroll grow every week. I know that the numbers I'm reporting here are pretty small to some people, but they're scalable.
That's why I like to report things in terms of percentages. If you know what my ROI/yield is, then you can easily figure out what you could be earning with whatever size bankroll you have.
I made a total of 51 bets. I went 34-15, giving me a 69.4% win rate. I put a total of $1,806 into action, and made a net profit of $421.01, producing a 23.31% yield.
I did the best in MLB, and I did the worst in the NHL.
I made the most money at Pinnacle, while I lost the most money at Heritage. I made most of my bets at BetOnline.
I had 8 bets total for my free pick system, and I went 5-3, giving me a 62.5% win rate. I put a total of $294 into action, and I made a net profit of $51.86, producing a 17.64% yield.
I had 11 bets for my live betting system, and went 7-4, giving me a 63.6% win rate. I put a total of $396 into action, and I made a net profit of $95.23, producing a 24.05% yield.
There weren't any picks this week.
There was 1 pick, and it won, giving me a 100% win rate. I put a total of $35 into action, and made a net profit of $15.63, producing a 44.66% ROI.
There was 1 pick, and it won. I put a total of $35 into action, and made a net profit of $14.58, producing a 41.66% ROI.
There were 8 picks, and they went 7-1, giving me an 87.5% win rate. I put a total of $293 into action, and made a net profit of $36.97, producing a 12.62% yield.
My Bookie Insiders subscriptions will end in about 10 days, and like I said last week, I'm only going to renew the MMA picks.
The picks are great, and they absolutely perform as great as their tracked record says it does, but it's just the wrong time for me to continue with them. I need to build my bankroll up a lot more before I add on anymore handicappers to my portfolio.
Plus, their soccer handicapper is going to be taking about 2 months off because he's about to have his first child.
There were 16 picks, and they went 9-5, giving me a 64.3% win rate. I put a total of $542 into action, and made a net profit of $130.96, producing a 24.16% yield.
There were 6 picks, and they went 4-2, giving me a 66.7% win rate. I put a total of $211 into action, and made a net profit of $75.78, producing a 35.91% yield.
Since I started back on December 5, 2016, I have made a total of 1,963 bets. My total record is 1,051-873, giving me a 54.6% win rate.
I have put a total of $72,878.50 into action, and have made a net profit of $2,014, producing a 2.76% ROI. My Return on Capital is 91.13%, which is incredibly impressive.
The average odds of my bets are -104, and my average bet size is risking $37.41.
I have made the most profit in the NBA, with MLB a close second and MMA trailing right behind. NHL has produced the worst return for me.
I made the most money placing my bets at BetOnline, and I've lost the most money at Pinnacle. I've made the most of my bets at BetOnline, with Pinnacle coming in 2nd.
As for the individual system/handicapper results:
MMA Betting Tips
The Sports Geek
Bookie Insiders MMA
Bookie Insiders Soccer
Bookie Insiders Tennis
Bookie Insiders US
Banker Value Picks
Well, I have been at this for 167 days now. That's an average of 11.8 bets per day (that number is going to start dropping a lot, now that I've gone back to the basics). My average daily profit currently sits at $12.06, which is an average monthly profit of $366.82.
As for the Profit Performance graph, it is growing as expected:
I spent a good part of my weekend pouring over data in a couple of my spreadsheets, and I realized that I got the idea for my live betting system over a year ago!
May 13, 2016 was when the idea was born, and I tracked it and fine-tuned it for about 6 months before I actually put my money on the line.
I think it's pretty awesome that here I am, a year later, and I have this site setup with all the content on here so far. I have so much more to do, and I love every bit of it.
I like to periodically review my data to see if I can identify any patterns. I won't go into it much further, because nobody is going to give away their secrets, but I definitely identified another pattern that goes back about 5 years (I don't have data beyond 5 years).
I actually made my first bet on it tonight, and it won. So, my bet volume will be increasing a little bit for one of my systems, but I'm okay with that.
They are my own systems, and I don't have to be concerned with volatility, because I don't let my own emotions interfere with running the systems and getting the picks.
It's all mathematical, and I've been working with a programmer for months now, to create a software tool that automates almost all of the process for me.
It takes quite a bit of time to manually scrape the data and run the formulas that I came up with, so I really look forward to getting all the bugs worked out and the beta testing finished.
Basically, I wanted to build a system where my server runs the software, scrapes the data, runs the formulas, and then sends an alert to my iPhone, where I can then just login to whatever sportsbook and make the bet.
That will save me so much time.
I really, really look forward to having that completed.
Steve firmly believes that most meals can be improved with mac n cheese. When he's not helping people make money betting on sports, Steve loves mountain biking, playing video games with his son, & annoying his wife. Oh, and he's a big Dallas Cowboys fan. Don't hate.
2017 Annual Update: $8,728.74 Profit