Jun 15th – Jun 21st -$2,455.43

Another testing week. I was ready to give it all up on Saturday night, down to just $8,000 profit for the year. Sunday arrived and a welcome recovery back up to $16,000, before another mini slump to end the week in a small loss. No idea where I am going to go from here, I thought after a year of doing this I would have all the information necessary to know what I was going to do in regards to a betting career. Instead, it feels as though I’ve been running in place the entire year. I’ve learnt a few things and there are many mistakes I’ve made that won’t be repeated, but I’m still not any wiser on if this is a viable path for future profits. There are a few sports which look to offer consistent profit, do I use the Pareto principle and concentrate on the 20% of bets that make up 80% of my profit, or do I keep a diversified portfolio so the swings aren’t so wild? I just don’t know.

This week saw not much bet on baseball as it is inter-league and the model has historically performed poorly over this period, so instead of trying to figure out a profitable angle, we just don’t bet it. There will be no bets until the start of July. AFL has had me losing what was once quite a full head of hair, since the day I said I had total faith in this model, it has been week after week of losses, and most of them not even close. Another $3,400 loss on the week, which could have been so much worse if the last bet of the round didn’t get up for a big win. Tennis made a small profit due mainly to the WTA. This week should be a big one for the tennis model with Wimbledon in full swing. NRL sucked again. As did Golf. Golf is one week away from hitting the -$10,000 target and being scrapped completely. Formbet made a small profit on the week.

Almost $3,000,000 now bet for the year. I believed that worst case I would be making 2% ROI, so would be around $60,000 profit at this stage. Instead I’m $46,000 short of that. The only bonus I have is a massive amount of Frequent Flyer points. This allows half my plan to become reality (travel while betting), now if only the actual betting part could show some promise.

Total loss for the week was $2,455.43

Baseball $328,264.01 $17,228.91 5.2%
Week profit/loss: -484.28

Baseball Line $403,167.00 $23,563.01 5.8%
Week profit/loss: 5.22

AFL $58,371.00 $(3,524.15) -6.0%
Week profit/loss: -1620.65

AFL line $139,436.00 $4,188.30 3.0%
Week profit/loss: -1691.60

AFL Totals $87,096.00 $(8,740.00) -10.0%
Week profit/loss: 61

Tennis – ATP $330,838.00 $11,132.80 3.4%
Week profit/loss: -1599.49

WTA – Tennis $340,334.00 $1,823.40 0.5%
Week profit/loss: 2582.37

NRL $24,072.00 $(7,368.39) -30.6%
Week profit/loss: -542

Golf $17,327.00 $(9,485.25) -54.7%
Week profit/loss: -650

Formbet $119,548.00 $1,908.00 1.6%
Week profit/loss: 1484

Stats
Total bet amount: $2,996,271.37
Profit/Loss: $14,166.23
POT: 0.5%

Bets Placed: 7,279
Won: 2,941
Lost: 4,077
Half Payout: 4
Refunded: 257
Winning %: 41.9%

Profit per day: 14,166.23 / 356 = $39.79