2016 Annual Review

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  • 2016 was the first year I really looked properly at sports betting as an investment and followed a few tipsters.

    I still have a lot of soft books at my disposal so I had a pretty good year with the best odds guaranteed and bonuses still being chucked my way.

    Hopefully this continues in 2017 and I maintain a few soft bookmakers alongside trading on Betfair. Pinnacle are apparently returning to the UK this year also which is another positive.

    Have a good 2017 always enjoy your articles keep up the good work.

  • Thanks,

    I think starting fresh each year is needed. I started over 6 years ago now and have never really changed my approach.. which could be a reason I have lost over the last two years.

    The game is always changing and it takes a lot of effort to keep at the forefront of it (time i sadly don’t have these days).

    Best of luck in 2017

  • asanque

    Thanks Steve for the detailed update.

    I have always enjoyed reading your blog and have been following your journey with great interest over the last few years.

    I also appreciate all the steps you are taking on behalf of punters everywhere (and have signed the petition).

    Unfortunately, even the best system in the world won’t always win. Don’t let that get you down!

    The only sure things are that bookmakers and tipsters usually make a profit 🙂

    Are you also planning to update the all time stats and the graph? I’d be interested in seeing the latest figures.

    It’s getting more and more difficult to make a positive return sportsbetting (with sharper lines and limits).

    I always find it amazing that despite the large margins made by bookmakers (and the ability to balance their own books and manage risk), that they feel the need to limit punters. It is a rare breed of punter that always wins and chances are that over the long-term, most bookies will get it all back and then some in the end.

    I enjoy reading about the diversification of your business interests as you always seem to be on the cutting edge of new opportunities.

    More frequent updates would be great 🙂

    Best of luck for 2017!

  • Gregory Conroy

    Terrific read Steve, as ‘asanque’ says – diversification is great (and you have the opportunity).

    Being in this industry for 30 years, it is tough to find the edges, and tougher with increased technology – but the one area that’s beatable is “bad habits”.

    Most punters have them and they never seem to change. I’ve noticed that recently via RewardBet.com where 14% of our punters bet on things they don’t know anything about just because they find the interface “fun to use”.

    So that’s an edge they are creating right there …

    PS: How do you keep track of household expenditure? Everything on the card and you just tally it up monthly?

  • Thanks mate,
    Yes, the all time stats are updated, just need to get the new chart up there as well.

    I’ll try and do a few shorter articles with updates each month. I’ll have one each month on affiliate income, business income, the same old P/L and a few other things.

  • There isn’t much out there for tracking in Australia, American has some great products (Personal Capital and Mint). Pocketbook still has a long way to go.

    We used the “track my spend” app by Moneysmart. Very basic but gets the job done. You can sync details so you and the wife can both use it. We tracked all spending for an entire year. Was a good experiment.