April & May 2020 Review -$550.00
Sport made its long-awaited return at the end of May with the NRL. After trying to place my first bet of the revised season and being rejected by all Australian corporate bookmakers, I decided that I would simply lower my stakes 90% from previous years. I am now simply betting for fun on the NRL and AFL. What this means is that the NRL will miss out on commission from $500k worth of bets each year from just me, and I know of many others doing the same. It’s fine to charge a higher commission rate to bookmakers, but without a minimum bet law for bookmakers to abide by, they will simply just cut off winners completely to lower turnover and increase their profits at the expense of the NRL coffers.
I’ll also do the same with the AFL bets. There really is no point in continuing to try and get bets on in this environment. Things will eventually change, and I will return to betting properly on them when that happens.
Compare that with the American sports and how easy it is to get matched at amazing prices (and how much better the SP models are performing on them) and it is easy to make the decision to concentrate on them.
As always, you can replicate my portfolio and every bet I place by joining the DailyProfit service (well not right now).
The loss for the 2 months came to $550.00 at -23.61% ROI.
I placed 5 bets over the 2 months and won 1 and lost 4.
It’s looking like the NRL have done everything right in regards to getting the season restarted. I have to admit I was wrong in thinking it was too early.
I placed 5 bets and won just 1 of them. Turnover was $2,330.00 and the loss was $550.00 at -23.6% ROI.
Total Loss for March was $550.00
Stats Year 8/9/10
Total bet amount: $4,455,350.00
Bets Placed: 3099
Half Payout: 4
Winning %: 52.2%
Total profit per day: $476,960.00 / 3622 = $131.68
Total Turnover: $34,703,570.00
Total ROI: 1.37%