Jun 8th – Jun 14th -$10,204.05

As always, the bets I miss win and the ones I manage to get on lose. This weekend I travelled to Melbourne to catch up with friends and watch my first live AFL game at the MCG. I only took the Ipad as I thought I could use logmein and place bets. Saturday was a washout as I had no time for anything apart from drinking and watching footy. That meant I couldn’t start the horse racing bot, which went on to make a healthy profit for the day, I would guess around $3-4k. The next morning as I recovered from the night before I was able to place AFL totals bets, they both lost for a $5,000 loss. I also got the Horse racing bot running for another loss of $3,000. My total profit was down to $9000 at this stage.

Then there was the Ash cloud (No flights out of Melbourne), which stopped me getting home until 10:30 last night, missing out on a great Tennis night, which would off made around $4,000 profit. I did run the bot in time which produced a nice $4,000 profit. So missed bets had cost me around $8,000 for the weekend and bets I did manage to get on cost $8,000. So a $16,000 turnaround. It just always seems to happen like that.

On another note, Melbourne was awesome.

MLB again had a losing week, a $1,000 loss all up. Apart from totals, AFL only lost a small amount, I will be changing my Kelly amount on totals to match that of H2H from this weekend. There wasn’t much bet on tennis and that also recorded a small loss. No bets on NRL this week as it is State of Origin week and the model doesn’t take this into account. Golf was so close, losing in a playoff. I have halved my bets on that and will keep them there from now on, or might stop altogether. Formbet had a losing week, but that was due to the bot not running on Saturday. I believe it would off had a break even week if I had managed to get it going.

Only two more weeks until a year is up, I’m glad that I’ve managed to last this long, but am really disappointed in the results, It could easily end at $0. All those hours placing bets would feel like wasted ones.

Total loss for the week was $10,204.05

Baseball $321,709.01 $17,713.19 5.5%
Week profit/loss: 3267.61

Baseball Line $396,065.00 $23,557.79 5.9%
Week profit/loss: -4238.70

AFL $56,092.00 $(1,903.50) -3.4%
Week profit/loss: -100

AFL line $128,526.00 $5,879.90 4.6%
Week profit/loss: -862

AFL Totals $82,616.00 $(8,801.00) -10.7%
Week profit/loss: -5150

Tennis – ATP $312,935.00 $12,732.29 4.1%
Week profit/loss: 174.22

WTA – Tennis $311,929.00 $(758.97) -0.2%
Week profit/loss: -824.18

NRL $23,350.00 $(6,826.39) -29.2%
Week profit/loss: 0

Golf $16,677.00 $(8,835.25) -53.0%
Week profit/loss: -200

Formbet $98,110.00 $424.00 0.4%
Week profit/loss: -2271

Stats
Total bet amount: $2,895,827.37
Profit/Loss: $16,621.66
POT: 0.6%

Bets Placed: 7,141
Won: 2,880
Lost: 4,004
Half Payout: 4
Refunded: 253
Winning %: 41.8%

Profit per day: 16,621.66 / 349 = $47.62

13. June 2011 by admin
Categories: update | 6 comments

  • Jason

    Mate, you’re not disciplined enough.

    You can’t miss bets! To do this (follow tipsters) you need to give up a part of your life in order to get all bets on with no exceptions.

    Sounds shit? Yes but if you are not willing to do it then this isn’t the right thing for you to be doing. It’s like any job you need to put the hours in at the right time.

  • admin

    Hi Jason,
    For the past year I have pretty much placed every bet, there have been the odd day here and there where it just isn’t possible. A few weddings, birthdays and so on. The time’s i’ve tried to use logmein on the iphone at a party or wedding just didn’t work.

    It’s not possible to place every single bet, If they had set times tips were released then it would be easier, but that isn’t the case. I do the best I can 99% of the time, sometimes it’s just not worth the effort.

    When the soccer season was in full swing and bets came out about 6pm on saturday, it took me a minimum of 2 hours to place bets, I’m young and have a social life, so would always be running late, lucky I had a very understanding girlfriend so could blame the lateness on her most of the time :).

    You can’t honestly tell me you have placed every single bet that has been advised the entire time you have been betting, if that’s the case I don’t envy the impact this would have on your life. This is still part time work for me.

    Sadly, by missing these bets it caught up with me and cost me a massive amount, next time if it happens it could save me the same amount.

    I don’t see it like any other job, It’s not a 9-5, there is no end of day where you can switch off. Today for example, I woke up, recorded all results for last nights tennis and horse racing, then when mlb finished recorded those results. AFL and NRL were out at midday so placed those bets. Tennis came out at 6:30, so placed those bets. Mlb was then up around 8. Now all that is left is to start the horse racing bot at 10:30pm and that will be my day. It’s not easy but I manage. I want to be able to do all this while travelling the world, that is the end goal.

    Sorry for the rant.
    Steve

  • http://formbet.co.uk dave mcauley

    Sorry to hear you missed one of the most profitable days on saturday steve but hopefully since then especially tuesday and the mammoth day on wednesday will have made up for it but you are posting up formbet as having a ‘losing’ week when it was actually a winning one :-( I would not go as far as jason but there should really be no excuses for missing any day with it taking just 5 mins to kick off the formbet bot ;-) its a long old season though so there will be plenty of opportunities to make up for it i guess :-)

    dave @ formbet

  • admin

    Cheers Dave,
    Yeah, got the great day on tuesday, but last nights losses took care of most of that profit :(. Still up considerably for the week.
    Just gotto keep sticking at it, your history has proven how good your model is, so it’s only a matter of time before I start making some really healthy profit from it.

    Steve

  • Jason

    I don’t think it’s a rant at all mate no worries there.

    Sports/horse betting is difficult, it is time consuming and it is always on your mind getting on at the right price at the right time. It’s why I was pleased to find casinos so I could give it up :-)

    I guess I was fortunate as I wasn’t always on my own with my betting and between me & a couple of people who became mates we covered & placed bets for each other if one of us was away. It was absolutely critical because if you missed one winning day it can impact you massively. Your tipster will be showing a decent profit on his records but you are left lagging behind. Regardless of the result if you are betting the value then every bet has to get on.

    Before I got together with these other people if I went on holiday I would set my alarm at 4am or whatever was necessary so I could get on. I hated it but just couldn’t run the risk of missing the bets.

    Although I had a profitable time sports/horse betting I don’t miss it one bit.

    As long as you make a profit from it mate I’m happy for you, I really am. Can you not place bets over the phone if the iphone connection gives up? do you have that as a back up plan? (Sorry I don’t know the set up in Aus).

    I’m not trying to be an arse, just I’ve been through all this before and know it can be a complete nightmare and I wouldn’t fancy trying to do it whilst travellign for a long time.

  • admin

    Casinos were very profitable, but I haven’t touched a bonus in over a year. I really need to look at getting back into it.

    The horse betting is simple as that’s a bot, but even that I managed to stuff up by not setting it up on the profitable day. I am thinking of hiring my flatmate to place bets for me. In reality a monkey could do it, so with some training I’m sure I can get him up to a monkeys standard, haha.

    I think that if I quit I wouldn’t miss betting, It has dramatically impacted how I feel when I watch a game, I can no longer enjoy just sitting back and watching the game, now I know that every goal has an impact on my bets.

    The dream still is to bet and make profit from it, but if this could all be automated or put into someone else’s hands and I only saw the weekly figures then that would take much of the stress out of this all, but until I’m 100% sure there will be profit at the end of each year then I can’t detach myself.

    Aussie books do allow phone betting, but that wouldn’t be the issue, the major issue is that the picks only come out at certain times and I would need an internet connection to download them. A reliable internet connection is without doubt the number 1 issue holding me back from packing my bags and heading on the road. That’s why bots and maybe hiring someone might make better sense at the moment.