A concern I have had for a while cropped up again this week with my Horse betting system. With all my UK accounts being closed and having to rely on Australian books only (I’ve been limited at one already), I am gettin $1 – $2 worse odds on average per race. So what was a small losing week according to the website is a significant loss for me. I always knew this was going to be an issue with horse racing, but thought I would have much more time before I had to accept such poor odds, doing the maths, it will still be profitable, but instead of aiming for 5 times my bank per year, I may have to be happy with 1 – 2 times my bank profit. For the amount of work and time that goes into these bets, it might not be worth it. If anyone has any advice on how to keep the Uk books open and taking these bets it would be greatly appreciated.
A small turnover week as we had the later rounds of the French open in the Tennis, and the AFL only advised one larger bet this week. AFL still managed to make a profit and tennis lost a little. It was the -$5,300 from the horse racing that did the damage this week.
I’ll be keeping a close eye on the Horse racing and see what can be done.
Total loss for the week was $3,941.68
AFL $105,109.00 $2,752.73 2.6%
week profit/loss: 391.50
AFL line $403,290.00 $67,004.16 16.6%
week profit/loss: 1323.50
Tennis – ATP $772,199.13 $29,365.54 3.8%
week profit/loss: -1176.12
WTA – Tennis $793,669.00 $5,639.38 0.7%
week profit/loss: 837.44
New Horses $169,771.68 $28,178.98 16.6%
week profit/loss: -5318
Stats
Total bet amount: $5,115,922.94
Profit/Loss: $91,369.28
POT: 1.8%
Bets Placed: 13,316
Won: 5,436
Lost: 7,440
Half Payout: 4
Refunded: 436
Winning %: 42.2%
Profit per day: 91,369.28 / 713 = $128.14