October 7th – October 13th -$11,015.59

[dropcap]A[/dropcap] poor week and a really frustrating one to be honest. The NBL season has begun, but try finding an aussie book willing to take a bet on the game. Madbookie and Topsport were the only ones willing to take bets. It looks like following NBL as is will not be a possibility. The MLB is coming to an end and it seems every year the end of season results give back a lot of profit made early. The NHL season started and there have not been many bets. It seems botman is back at Sportpunter and he is taking all the Pinnacle prices milliseconds after the plays are released. Hopefully Jonno will put a stop to it very soon.

I have decided to test a new concept out. Even after all these years of betting you would think I’m not affected by the swings that come with placing large sums of money, but seeing a 5 figure loss on a regular occasion still hurts. The casino industry came up with a great way to divorce the mental link between money and betting by creating chips. These do not resemble money in any way and when you are betting a piece of plastic compared to cold hard cash, it is easier to bet more and worry less about losses. So how can I create that same disconnect with my own betting?  By simply moving my spreadsheet from a dollar amount to a unit amount. I’ve decided to test this out for the next few months and have made 1 unit = $1,000. So now if I bet $500 it will be put as 0.5 in my stake column, a $6,000 bet is 6 units. This year I am currently up $21,760, but all I see is a 21.76 amount, and although I lost $11,000 this week, to me it was just 11 units. I’ve been meaning to do this for years and think it can have a great psychological impact on how I deal with losses.

The Ultimate Tipster GiveawayThe “Ultimate Tipster Giveaway” ends in less than 24 hours. If you haven’t entered yet, head to the giveaway and enter your email address in. For those who have entered, head back to the page and share the link to receive even more entries. The Grand prize valued at over $31,000 isn’t the only prize, there will be monthly prizes for all who entered and a heap of good information throughout the year.

Onto the weekly results. The NBL started horribly with a $8,530 loss and it hurts more knowing that I probably wont be betting on it again and I can never make that back. The MLB kept giving it’s profits back with another $6,900 loss this week and the only winning Sportpunter model was the NHL with a $1,500 profit. A shocking week for Sportpunter. Next week welcomes back the NFL which I’m looking forward to.

Dailyprofit now allows members to only follow single sports if they like and the NFL will be a good option from this week. There were about 5 bets the past week for members and they all lost. The Value and risk free stuff moves more into the Horse racing with the Spring carnival and there is a fortune to be made from all the offers.


The Soccer combo system continues to go amazing with the away sides winning again this weekend. It made another $6,900 and brings the total profit over the last few weeks to $40,300 at a 65% ROI. Who would have thought that Soccer would be my savior. My hope is that this is the season that blind backing aways results in huge profits. My own personal bets lost $3,900.

That’s it for a poor week, but I really don’t feel so bad about losing 11 units compared to $11,000. Yes they are both exactly the same in real terms, but our minds are funny things. With a 407 unit profit built over 5 years, an 11 unit drop is just 2.75%. The only issue now is converting them every Tuesday for the blog. But knowing the real numbers just once a week isn’t so bad.

Total Loss for the week was $11,015.59

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Stats Year 6
Total bet amount: $1,307,180.00
Profit/Loss: $21,760.00
POT: 1.66%
Bets Placed: 1093
Won: 379
Lost: 498
Half Payout: 18
Refunded: 198
Winning %: 43.2%
Total profit per day: $407,820.00 / 1931 = $211.19
Total Turnover: $23,193,210.00
Total ROI: 1.76%

NBL Totals $12,570.00 $(3,950.00) -31.4%
week profit/loss: -3950

NBL Line $14,100.00 $(4,580.00) -32.5%
week profit/loss: -4580

MLB Totals $489,200.00 $(14,120.00) -2.9%
week profit/loss: -6881.10

NHL Totals $5,760.00 $1,510.00 26.2%
week profit/loss: 1510

Soccer combo $62,000 $40,330.00 65.0%
week profit/loss: 6900

Jason Kelly $5,290.00 $(5,215.00) -98.6%
week profit/loss: 0

Betswot $2,925.00 $(236.80) -8.1%
week profit/loss: 0

Odds Pushed Out $15,000.00 $773.00 5.2%
week profit/loss: 0

Personal $251,100.00 $(8,500.00) -3.4%
week profit/loss: -3891.44

Mistake $2,500.00 $2,563.25 102.5%
week profit/loss: 0

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  • SmartSportsTrader

    Good idea changing from money to unit sizes. I did the same in changing my bets to a percentage of my bank does seem to ease those losing runs.

  • Yeah, so far the disconnect seems to be working, we will see how I feel once I have a disaster week.

  • Christoffer Hansson

    I actually did the same a while back but have changed back to money. The joy to see the profit in cash upweighs the sadness for the losses.

    Btw, Steve. In the forum the last posts doesn’t show down on the page anymore. The posts are just random ones? Way better to see where it’s being posted atm.

  • Interesting, the research shows that a loss is felt 3-5x more than a win and I will have on average 50% losing weeks, so I think I am saving myself some heartache. Will be an interesting experiment.

    Sorry about that, I had to reinstall the forum and it stuffed everything up, I will fix all that in a few weeks.

  • James

    Hi Steve,

    Sorry it’s a bit of track. But if I signed up with all the bookies and got the deposit bonus from all of them and then put the same bet on with each bookie will they call this irregular betting? And cancel my money and account?