May 11th – May 17th +$3,455.05

Another week that started so well and ended poorly (relatively). At one stage the total profit was again close to $40,000 before sliding back down.

Another strong week in MLB with almost $3,000 profit. There was just the one terrible day where all total bets lost for over 3k loss, but every other day resulted in a profit.

AFL recorded a small loss with massive turnover, just waiting on that week for everything to hit, just like it did in NRL this week, all but 1 bet won at very nice odds for a $1,800 win. This is just weeks after I lowered my bets and wrote of the model.

Tennis had a good week mainly thanks to last nights results in the WTA. The week resulted in $3,300 profit and for the first time this year, there is a chance that both models could be in profit.

Formbet Golf and Horse racing performed poorly once again. Hoping for a better week this week.

Total profit for the week was $3,455.05

Baseball $291,454.01 $17,492.59 6.0%
Week profit/loss: 4057.79

Baseball Line $355,043.00 $27,548.25 7.8%
Week profit/loss: -1328.39

AFL $46,586.00 $(1,405.79) -3.0%
Week profit/loss: -353.80

AFL line $86,352.00 $8,587.58 9.9%
Week profit/loss: -364.72

AFL Totals $55,856.00 $2,512.00 4.5%
Week profit/loss: -132

Tennis – ATP $264,757.00 $5,663.55 2.1%
Week profit/loss: 299

WTA – Tennis $247,843.00 $(714.94) -0.3%
Week profit/loss: 3004.84

NRL $19,122.00 $(4,478.94) -23.4%
Week profit/loss: 1831.33

Golf $13,877.00 $(7,985.25) -57.5%
Week profit/loss: -1100

Formbet $49,878.00 $(1,399.00) -2.8%
Week profit/loss: -2459

Total bet amount: $2,578,586.37
Profit/Loss: $29,259.65
POT: 1.1%

Bets Placed: 6,569
Won: 2,633
Lost: 3,697
Half Payout: 3
Refunded: 236
Winning %: 41.6%

Profit per day: 29,259.65 / 321 = $91.15

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  • Sean Kelly


    I am the formbet golf tipster and interesting blog you have here, and will follow with interest.

    With the golf are you able to lay off in running? As this is key to having a sustained weekly profit with the golf, with the stakes you are placing on the golf, trading I really think is the best way for you to go.

    With the wildcards I pick these are great for trading, 2 weeks ago I put up Lucas Glover at 160.00 and he went onto win. Just last week then Chris Stroud was put up at 650.00 and traded around 60.00 on Sunday when he was going great guns to get into the top 5.

    Plenty of my selections either get in the frame and trade a lot lower than the advised starting price. Some food for thought.

    Drop me a email if you have any questions.



  • admin

    Hi Sean, thanks for the comments.

    In Australia we can’t bet Inplay over the Internet. We can call up and place Inplay bets though, a really stupid law in my opinion.

    At the moment I just bet $100 per tip and $50 on your wildcards. Although the total for Golf looks bad, that is due to me missing a $65 winner you posted a few weeks back.

    Do you feel more profit can be derived from letting them run? If not then I’m happy to trade them inplay.


  • Sean Kelly

    hi Steve,

    Well its always a tricky one mate to let them run or not, as Lucas Glover i was a little peeved I didnt let run and traded to early.

    With Rory Sabbatini that weekend was a great trade in my opinion on the final day as the chances were he was going to fall just short. It is really something you have to keep track of in running and look to either green up or get the total stakes back for the weekend.

    Example this weekend being Colsaerts, not sure what price you got on him this weekend…hopefully you took the place bet to make profit on the matchplay event.

    We have both Poulter and Colsaerts facing each other in the semi with Luke Donald and Kaymer looking very strong it might be worth looking at trading for the safe option. Though if Colsaerts goes onto win and he is looking strong all week with some impressive performances its a nice chunk of change and makes up missing him couple weeks back. But with the place bet hopefully covering all your bets this weekend it is the best time to let it run.

    This is why I like the each way betting, especially on the US tour as if one of the big priced picks places and touchwood only 5 players in top 5 we have covered the bets anyhow, and you dont have to trade anybody.

    I believe over the year I will make a decent profit as David Toms I should of put in, so strong on my ratings and theory with form players, and going forward I am sticking with my form player theory and make sure I put them into the mix.

    Such a fine line with golf bets and even the Madeira Open picks I didnt put as advised bets are going strong…sods law not putting them up as advised bets.