May 30th – June 5th +$13,358.52

I don’t think I’ll ever get used to the swings involved with betting. Friday morning I hit $90,000 profit for the first time and believe I’m well on my way to $100k, Sunday morning I’m at $81,000 and thinking this is all shit. Monday morning I’m at $95,000 and have no idea what happened. It really works you over and you really never know what will come next.

This was one of those weeks that had so many highs and lows and every sport ended up contributing to a very healthy total. For the first time since I can remember, AFL H2H contributed more then Line betting. AFL combined added $6,600 this week. ATP has done very well for this French open, adding over $3,000 to my profit. WTA was break even. Finally, Horses added an extra $3,200 to end an amazing week.

July 1st will herald 2 years of betting and when I started I had no idea how far this would have gone. I have subscribed to so many betting blogs and the vast majority are no longer around after just a few months, let alone a year or more. I realise how hard it is and has been for myself, and have been close to quitting, as close as just 9 months ago when my betting profit went from $40,000 to -$8,000 in the space of a month. Happily I persevered and hoped that I had learnt some very valuable lessons, which I have translated into my betting banks, what I choose to follow and how quickly I can now discard of non profitable systems.

It has been written that it takes 10,000 hours of practice and study to become an expert at something. After 700 days and an average of 2-3 hours a day, I’m only an expert at placing bets. I have to decide whether to continue following others models and being happy with the returns, or if I devote more of my time to coming up with my own models and systems. The biggest issue I have is having to rely on others for my betting profits, and what I would do if any of them stopped their service. But I see this as a hobby and I don’t have the maths skills or love or any particular sport to spend my time and effort in developing my own models. I have over the years noticed trends and movements I think I can take advantage of and have been testing them out. After a successful experiment earlier this year, I will be testing it with much larger stakes when the new season starts and hope this is something that in the future I may be able to share with others.

Anyway, enough blabbering by me. Hopefully I can reach a goal within the next few weeks that I seriously wasn’t sure was possible. In the past two years I have moved my kellys a few times but never my starting bank size of $50,000. The $100,000 goal will see a new bank size of $75,000 while the kellys will stay the same. I will also be using a moving bank from here on, moving each model independently at the end of each week. I feel this will help grow my profits to the original goal of $250 a day profit.

Looking forward to my 3rd year at this and hoping that my bank keeps growing.

Total profit for the week was $13,358.52

AFL $104,741.00 $2,361.23 2.3%
week profit/loss: 3447.14

AFL line $401,035.00 $65,680.66 16.4%
week profit/loss: 3146

Tennis – ATP $764,279.13 $30,541.66 4.0%
week profit/loss: 3499.20

WTA – Tennis $784,631.00 $4,801.94 0.6%
week profit/loss: 64.18

New Horses $163,165.68 $33,496.98 20.5%
week profit/loss: 3202

Stats
Total bet amount: $5,096,341.94
Profit/Loss: $95,310.96
POT: 1.9%

Bets Placed: 13,291
Won: 5,426
Lost: 7,425
Half Payout: 4
Refunded: 436
Winning %: 42.2%

Profit per day: 95,310.96 / 706 = $135.00