What a great week this turned out to be! I hit 2,000 bets, I doubled the amount of money I've deposited into sportsbooks ($2,210), and I had a 3rd winning week in a row. It feels great not to be losing!
I'm going to start writing an article on what I've learned after making 2,000 bets. I wrote the last one on what I learned after making 1,000 bets, and I certainly learned more since then.
I know that it seems so easy; to just make bets for a living. You just login, make the bets, and get paid, right? If only it were that simple.
I've said it before; it's the emotional roller coaster that's the hardest part. There's no shortage of profitable handicappers out there that you can pay for. I subscribe to a few of them.
It's taken me 6 months to get to where I am now. I doubled my money in 6 months, and I'm generating an extra $431.64 a month (on average) in income.
I'm re-investing all of it back into my bankroll, because that's the only way to reach the kind of bankroll that's required to pull this off.
My numbers are exactly in line with what I've read over and over again that I can expect. I'm getting a 54.8% win/strike rate, and a 3.28% ROI/yield. Those are realistic numbers, and I'm ecstatic with those.
It's kind of funny when I think of so many handicappers trying to sell their picks with incredibly high advertised win rates. They've ruined the industry so much. Imagine a handicapper on sports radio saying that he wins 55% of his games. LOL. He'd get no customers!
Sports bettors aren't realistic at all with their expectations, and that's why Vegas exists. So many of them try to make a killer payday every weekend, and aren't happy with winning 55% of their bets.
I'm at a 54.8% win rate and 3.28% return on turnover after 2,031 bets.
When I was at 1,043 bets, I had a 55.1% win rate, with a 2.38% return on turnover.
I love that those numbers are so close to each other. Something tells me that once I hit 3,000 bets, those numbers will be similar, too.
I made a total of 68 bets. I went 41-27, giving me a 60.3% win rate. I put a total of $2,787 into action, and made a net profit of $469.39, producing a 16.84% yield.
I did the best in MMA, and I did the worst in the NHL.
I made the most money at BetOnline, while I lost the most money at Bovada. I made most of my bets at BetOnline.
I made a couple of changes this week, because of 2 ideas that I had. I identified 2 new data patterns that I backtracked, and they were both quite profitable, so I added these onto my own systems.
CF stands for Contrarian Fade, and it's the main premise behind all of my systems. I had software made that scrapes all kinds of data out there, and then identifies games that people are overwhelming sure that are going to win. Then I bet the other way (I fade the 'easy wins/sure things').
I like being on the same side of Vegas. That's why my systems work so incredibly well.
It's unfortunate that the first week I added these on, they had a losing week, but I have 5 years of data backing this income stream up, so I'm going with it.
I had 23 bets total for my CF system, and I went 9-14, giving me a 39.1% win rate. I put a total of $921 into action, and I made a net loss of -$146.39, producing a -15.89% yield.
I had 5 bets for my live betting system, and went 3-2, giving me a 60% win rate. I put a total of $200 into action, and I made a net profit of $16.41, producing an 8.21% yield.
This is the 2nd new system that I discovered, and it's also a live betting system. I'm really excited about this one, because the results are incredible. I don't have as much backtested data on this one, so I'm being careful, but the results that I do have (both backtested and actual betting) are really profitable.
I had 18 bets, and went 12-6, giving me a 66.7% win rate. I put a total of $741 into action, and I made a net profit of $185.36, producing a 25.01% yield.
It's going to be a great summer, with so much MMA coming up. I had an amazing week from MMA. The handicappers I'm going with have been incredibly reliable and consistent with the income they produce for me.
There were 6 picks, and they went 5-1, giving me an 83.3% win rate. I put a total of $264 into action, and made a net profit of $220.26, producing an 83.43% yield.
There were 2 picks, and they both won, giving me a 100% win rate. I put a total of $88 into action, and made a net profit of $34.08, producing a 38.73% yield.
There were 2 picks, and they both won. I put a total of $88 into action, and made a net profit of $64.66, producing a 73.48% yield.
There were 4 picks, and they went 3-1, giving me a 75% win rate. I put a total of $163 into action, and made a net profit of $33.14, producing a 20.33% yield.
This subscription actually ended last night, so I won't have any further soccer picks from Bookie Insiders until the season starts back up in August. The handicapper is taking the summer off for the birth of his first child (congrats btw!), so it's good timing anyway.
What an incredibly profitable service this has been for me. I can't recommend them enough.
There were 8 picks, and they went 5-3, giving me a 62.5% win rate. I put a total of $322 into action, and made a net profit of $61.87, producing a 19.21% yield.
Since I started back on December 5, 2016, I have made a total of 2,031 bets. My total record is 1,092-900, giving me a 54.8% win rate.
I have put a total of $75,665.50 into action, and have made a net profit of $2,483.39, producing a 3.28% return on turnover. My Return on Capital is 112.37%, which is incredibly impressive.
Again, I really love that I've doubled my money in 6 months. It was originally much faster, but I had that really bad losing streak that I had to recover from.
I would be incredibly happy doubling my money every year. It would take me 9 years to turn a $2,000 bankroll into $1 million, assuming that every thing stayed the same as it is right now.
Doubling my bankroll in 6 months (doing it the right way) is just crazy, and I can't wait to see what my 1 year results are going to be this December.
The average odds of my bets are -104, and my average bet size is risking $37.53.
I have made the most profit in MMA, with NBA and MLB a close second. NHL has produced the worst return for me, but I look forward to seeing how it does next year.
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.
Starting this week, I'm going to break the individual system/handicapper results into 2 tables; one for the active systems, the other for the inactive systems.
So here's the active systems/handicappers that I'm currently using:
MMA Betting Tips
Bookie Insiders MMA
Bookie Insiders Soccer
And here's the results for the inactive systems/handicappers:
The Sports Geek
Bookie Insiders Tennis
Bookie Insiders US
Banker Value Picks
Well, I have been at this for 175 days now. That's an average of 11.6 bets per day. My average daily profit currently sits at $14.19, which is an average monthly profit of $431.64.
As for the Profit Performance graph, I'm very happy with it. Ever since I went back to the basics and dropped a lot of the handicappers and stuck with my original plan, it's been recovering very nicely.
I think it's great that the new upward growth looks very similar to how it did in the very beginning.
At this point, I'm only $436.37 away from being back to my highest profit peak from earlier in the year. Another awesome week like this one, and I'll be there.
I'm realistic; I don't expect to pull this kind of profit every week, but I'm very excited that I've just about recovered from that really, really bad losing streak that I was on.
I've said it plenty of times that this is just how sports betting really works. I mean, look at the profit chart above. It will always go up and down. As long as it's trending upwards, that's all that matters.
Actually, based on that graph alone, I can expect a losing streak pretty soon. You'll see that after every peak, it drops to a valley.
The great thing about having all this data is that I know what to expect.
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