Profit Maximiser Review 2024 – Simple, Tax Free Profits!

Profit Maximiser

If you are looking to start making tax free profits from the world of matched betting and advantage gambling then Profit Maximiser could be for you!

In this Profit Maximiser review we are going to take an in depth look at this service and its community.

Mike Cruickshank’s Profit Maximiser was the first matched betting service that I joined.

At the time I had not seen anything like it. The Profit Maximiser Facebook group and service opened my eyes to the many money making opportunities available in the world of matched betting and advantage gambling.

As time has gone by matched betting has become more and more popular.

There are now multiple match betting services available. All trying to offer the best service and entice new customers.

So the question to be asked is Profit Maximiser still one of the best matched betting services available in 2024?

 

Profit Maximiser Review

Profit Maximiser Review

First off Profit Maximiser is much more than just a matched betting service.

Profit Maximiser focuses on finding and exploiting every plus ev opportunity available. Basically they are looking for any method that will produce profits over the long term.

This can be in the form of

  • Bookmaker Bonuses
  • Casino Bonuses 
  • Bingo Bonuses
  • Spread Betting Bonuses
  • Value Betting

As the service has evolved they have also added value betting methods alongside Betfair trading strategies. 

Ultimately it is a service that aims to show you how to make a sustainable long term income using multiple strategies.

What Do You Get With A Subscription To Profit Maximiser?

Profit Maximiser Training

There are multiple aspects of the Profit Maximiser service. At first this can seem a little over bearing with so much information to take in. To make things easily understandable and accessible there has been a lot of effort put into the provide an easy startup guide.

The start here and training section breakdown all aspects of matched betting and advantage play. So if you are new to either of these subjects you can build an understanding of how to profit from these strategies fairly quickly.

After going through the training, bookmaker sign ups are the probably the first section to go through. This section instructs you how to a make money from initial sign up offers. These are relatively easy offers to complete and will allow you to make around a thousand pounds.

We move onto the casino and advanced casino sections. These sections show you a mathematical approach that will allow you to generate long term profits from casino offers. For me personally this where I get the most value out of the service and where it really offers something that sets it apart from other services.

There is also a bingo section which is very similar to the casino section. However it focuses on exploiting and profiting from bingo offers.

Then there is the calendar which highlights the daily offers that are available. Also stating the expected profit figure and risk associated with the offer.

Profit Maximiser Review

How Much Money Can I Make With Profit Maximiser?

Profit Maximiser offers you multiple ways to make money.

Taking some figures from my 50k in year challenge over a two month period I made a profit of £3391 from casino offers and matched betting. (This figure also includes a mistake on my part which cost me £360 pounds.)

I have added this in graph form so that you can see the general upward trend in profits. You can probably also see where I made a costly mistake that was soon recovered.
Profit Maximiser ReviewIn truth my results only scratch the service of what can be made if you use all aspects of the Profit Maximiser service. There are still many offers that I pass up due to time constraints or sometimes my own laziness.

If you are really willing to put the time in and grind out every single opportunity available then you can make much more.

Profit Maximiser Review
One of my bigger wins from plus ev casino offers.

I am not the only one who is making good money from this service. There are multiple testimonials from people making what could be considered life changing amounts of money.

Here are some comments taken from the Profit Maximiser private Facebook group.

Profit Maximiser Review

 Here is another happy member of Profit Maximiser showing long term profits.

Profit Maximiser Casino Offer Results

I attempted to make £50,000 in a year using various services and betting methods that I discuss on this site. Profit Maximiser was my chosen service that I used to tackle casino offers. Every offer I took part in was estimated to have a positive yield over the long term.

Here are my results from casino offers throughout the year.

April – £885

May – £1628

June – £1108

July – £693

August – £733

September – £91

October – £827

November – £616

December – £902

January – £60

February – £995

March – £1785

Casino Offer Results 

In 2020 one of main focuses using Profit Maximiser was on exploiting casino offers.

Over this time period I took part in 2202 casino offers.

A total profit of £11,946 was made.

The graph illustrates the results from completing casino offers over the course of the year.

Casino Offer Results 2020

Anything negative to report about the service?

So I have highlighted a lot of the positive aspects of the Profit Maximiser service but is there anything negative to note?

I am currently a member of Profit Maximiser and was also a member when the service first started up. There have been no negative experiences that I can report or have seen within the Profit Maximiser community. 

You will receive upsells for some of Mike Cruickshank’s other products which may prove to be a minor annoyance to some people.

In truth however these are good products that will make you money however you can find similar products as part of the Oddsmonkey package. 

It has been mentioned to me that the marketing for Profit Maximiser can be off putting for new members. Whilst I can see their point, Once you actually use the service you will see that it offers exceptional value.

What sets Profit Maximiser apart from its competition?

There are a few key factors that for me set Profit Maximiser apart from its growing list of competition.

  • The Profit Maximiser Community

In my opinion the Profit Maximiser community has some of the sharpest matched bettors and advantage gamblers around.

This is a big advantage for both newcomers and experienced matched bettors, as you exchange ideas and learn from each other. It also helps you avoid any mistakes that may have been made by others.

Profit Maximiser Community

  • It’s an evolving product

Profit Maximiser was something of a trend setter in the matched betting community. However it hasn’t stood still and rested on its laurels.

It is a service that continually adds new ways of profiting from all aspects of the gambling world.

Since its inception it has added new strategies to make money from sports trading, advantage gambling, value betting and spread betting.

The service really seems to be ahead of its competition when its comes to finding new profitable edges to exploit.

Quote

  • The potential for profit

One of the impressive things about Profit Maximiser is the amount of profitable opportunities it highlights.

There is really huge potential to reinvest and continually grow your bankroll with this service. As there are new offers and areas to profit from every single day.

Subscription Costs

Currently you can subscribe to the Profit Maximiser service for on a monthly basis or annually.

  • Monthly cost is £12
  • Annual is £97 (works out at £8.08 a month)

Profit Maximiser Trial?

However both memberships have a 30 day money back guarantee if you are not happy. This basically acts as a free trial, if you are unhappy for any reason you can get your money back. In comparison to the likes of Oddsmonkey and Outplayed. Profit Maximiser is one of the cheapest matched betting/advantage play services on the market.

Profit Maximiser Cost

Profit Maximiser Review Conclusion

If you are interested in a service that can show you how to make thousands of pounds then Profit Maximiser is a service you should take a look at.

Profit Maximiser offering a 30 day money back guarantee means there is hardly any risk involved in seeing what the service has to offer.

Like all betting and trading products I look at them as an investment. At £97 for a years membership Profit Maximiser is an excellent investment, as it will potentially return thousands of pounds in profit if you are prepared to put a little time into it.

I have no hesitation in recommending Profit Maximiser and it gets a five star rating from me.

Click Here To View Profit Maximiser

 

 

 

 

(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)

5 Profitable Matched Betting Strategies 2024 – Make Money On Gubbed Accounts

So you have received the dreaded email!
You are not eligible to receive sports betting promotions anymore.

Make Money Gubbed Matched Betting Accounts

 

Being gubbed is inevitable if you end up making a long term profit from bookmakers. whether its from the worst bookmakers in the UK or some of the more reputable ones. The simple fact is bookmakers don’t want you to win money.

Whilst you can prolong being limited by a bookmaker for a while. If you continue to win money this will happen.

This is annoying news, however it is still very possible to make a decent level of profit from other betting strategies. Strategies that don’t require the use of promotional offers, which are profitable even on gubbed accounts.

Having started matched betting ten years ago and still managing to make £20k+ a year from the sports betting markets.

I can tell you from experience it is still very possible to make a good income!

If you learn better through video I have attached one below that covers “How To Make Money From Gubbed Betting Accounts.”

 

Let’s take a look at the profitable strategies you can use even after you have been gubbed from promotional offers.

Matched Betting Make Money From Gubbed Accounts – 5 Strategies

Strategy Number 1 – Casino Offers

Casino offers are still a great way to make an extra income. You can easily find £30 -£50 in expected value from casino offers each week which adds up over the course of a year.

Matched Betting Gubbed Casino Offers
These offers work because much like matched betting bonuses that you receive. These casino offers give you a mathematical advantage over the bookmaker/casino.

The big difference with casino offers is that you don’t win every time. However as you can see from the above graph. Over the long term if you do enough offers you will make a profit.

Make Money Matched Betting Gubbed Accounts
There are still some very good casino offers available!

To put it simply its like flipping a coin with a friend who gives you £1.20 every time it lands on heads. Whilst you give them £1 every time it lands on tails. You might lose the first few flips but over the long term you know you will come out with a profit.

Strategy Number 2 – Arbitrage Betting

Ok so you have lost your ability to use promotional offers for betting but your still allowed to stake without restrictions.

Perfect!! you can still take a bit more money out of the pocket of the bookmakers.

Arbitrage Gubbed Accounts

Above is a an example of a simple arbitrage bet between Bet365 and William Hill.

For the £200 we stake a guaranteed profit of £3.32 is made. Irrelevant of the result being over or under 2.5 goals.

This is what we can call an arbitrage bet.

Arbitrage bets happen when multiple bookmakers are offering odds on an event. Which when backed guarantee a profit no matter the outcome. You can also find arbitrage bets between exchanges and bookmakers, as you can see below we found  a nice arbitrage bet using Oddsmonkey’s Software (Free Trial Available).

Arbitrage on Gubbed Matched Betting

 

An arbitrage bet means that  all outcomes of an event are covered in order to make a profit.

You can still use this strategy on some limited accounts.

For example on my limited Bet365 I can win up to £200 on some markets. The same applies to my Skybet account, so I can use these accounts to make small profits on a weekly basis. There are also many smaller bookmakers that don’t offer any promotional offers but are useful for arbitrage betting.

Strategy Number 3 – Value Betting

Value betting is closely related to arbitrage betting.

In that we are looking for outliers in the betting markets.

Some bookmakers are much better then others at compiling and moving their odds when new information enters the markets. It has been proven that we can use the odds at these sharp bookmakers/betting exchanges to consistently find value with other bookmakers.

Rebelbetting Graph

There are numerous studies that show this is a long term winning strategy.

So again I will use the Oddsmonkey software to highlight what value bets look like.

All of the above selections are value bets. This is because the bookmakers are offering greater odds then the lay odds offered by the exchanges.

This is the same as an arbitrage bet.

However there will be instances where a selection may be a value bet but would not be an arbitrage bet due to the commission charged by the exchange or margin on a bookmaker selection. If you are a beginner I would stick with arbitrage bets however if you want to increase your turnover and profit long term. Value betting is a great way to do this and a strategy I utilize a lot.

Learn More About Value Betting Here With Our Guide!

Strategy Number 4 – Each Way Betting And Extra Places

Each way betting and extra places can be a great way to get some extra value out of your bookmaker accounts.

Even after being limited the majority of bookmakers will still pay out on extra places.

You can find these extra place markets on the golf markets and horse racing.

Now with these extra place markets you can look to use a strategy similar to arbitrage or use a value betting strategy. Both will be profitable long term.

Extra Place Matcher
Oddsmonkey highlight selections that are value by showing the selections in blue. Under the title “rate”.

Lets take a look at the top selection Tyrrell Hatton.

William Hill are offering 7 places (2 extra then normal) for this market, whilst the exchange Smarkets laying to 5 places.

In this situation we can back Hatton each way at odds of 23.00 and lay him at odds of 23.00 on Smarkets. This is similar to arbitrage where we cover all outcomes of an event.

These two bets put us at a position of 0 should Hatton win or lose.

The big upside to this trade is on the place market where we also place a lay bet. Which covers the first 5 places, to do this we would lose 0.53p overall.

However due to the extra two places on offer with William Hill.

A profit of £53.47 would be made if Hatton finishes 6th or 7th.

Giving us big value with implied odds of 101 that he finishes 6th or 7th

Extra places can also be used as a value betting strategy. As the betting exchanges indicate that given the extra places on offer this bet has value as a straight selection.

Strategy Number 5 – Betting Shops

Although you may be limited or banned online some betting shops offer exactly the same odds as their online counterpart.

For example I am no longer able to place any bets online with Betfred. However I have two shops local to me that I can bet in.

Make Money Gubbed Matched Betting Accounts

When an arbitrage bet or a value bet comes up for Betfred on my Oddsmonkey account I am able to go and place that bet physically in the shop.

There will also be odds boosts and promotions that you can still take advantage of.

If you happen to live in an area with a lot of betting shops it can be a great way to earn some tax free profit despite being banned online.

Make Money Gubbed Matched Betting Accounts – Conclusion

So there you have it 5 ways to make money from your gubbed matched betting accounts. Sports betting is an excellent way to make a tax free income online and using these 5 strategies can allow you to make thousands of pounds in profit every year.

Make Money Bet365 Gubbed Account
Despite being gubbed on Bet365 you can see that using these strategies has still been very profitable.

If you are looking to make money with your gubbed matched betting accounts.
Overall the best budget option to take advantage of all of these strategies is Oddsmonkey!

Get A Free Trial Of Oddsmonkey Using The Link Below!

OddsMonkey

 

Matched Betting For A Living – Is It A Realistic Goal

Matched betting for a living probably seems like the ideal job for a lot of people. You get to stay at home and work exclusively from your computer. No boss to worry about, no annoying colleagues that you have to put up with.

If you are not familiar with matched betting please read this article

Matched betting for a living
Could life be so easy as a full time matched bettor?

Sounds good right….. But is matched betting for a living possible?

Matched Betting For A Living

If you are a regular reader of this blog. Then you will know that I am currently undertaking a 50k in a year betting and trading challenge. The largest amount of profit from this challenge comes from matched betting and exploiting casino offers.

Here is a breakdown of profit made from matched betting

  • April Profits – £787
  • May Profits – £91 (made an error which cost me £330)
  • June Profits -£548

Here is a breakdown of profits from casino offers

  • April Profits – £885
  • May Profits – £1628
  • June Profits – £1108
Matched betting for a living
Casino offers will bring in extra profits over the long term. But you have to be able to handle the variance.

So you can see that you can make decent money from matched betting and casino offers. However whether you could make a living from it depends on several factors.

Factors You Need To Consider

The biggest factor is how much do you need to pay the bills?

Some people can get by on a £1000 a month. For others its £5000 a month. Obviously this is the key point to consider if you were looking at matched betting full time.

How many ungubbed accounts do you have left? Do you have the resources to open more?

If you have been matched betting for a while. You will know that bookmakers don’t like it and will remove your ability to take part in promotions. After that you can use these bookies for arbing or value betting. Eventually however the well runs dry and you don’t have any more options. 

Are there friends and family members that you could teach about matched betting? Perhaps take a percentage of their profits?

Job Security

You might find your job mundane and boring as hell. But is also might be very secure with a pension plan and sick pay. Matched betting for a living is quite a uncertain profession.

How long will you be able to make a living from it? Will new rules come into place which make it harder? What if bookmakers stop offering promotions?

Matched betting for a living

If you do leave your job to pursue matched betting full time. Will you be able to return should things not pan out?

On the flip side though could matched betting provide you with an income that will open up opportunities in the future. With enough resources you can compound your profit over and over. This could enable to reinvest your money into pursuing a job you would enjoy.

Matched Betting Bank

Another important question to ask yourself is how much money do you have saved up?

You would need enough to cover the cost of your bills. But also have enough to spread around different bookmakers and exchanges. So that you could make the most of the matched betting offers when they are available.

It is hard for me to make an exact estimate as everyone’s situation is different. But I would say you would want to have at least enough money to pay your bills for 6 months. Then have an extra £5000 bankroll or more just for matched betting.

If you are going to take advantage of higher risk casino offers. Then you would probably want an even larger bankroll on top of money to pay the bills.

Conclusion

In this article I have pointed out some of the negative and positive aspects of matched betting for a living. If it is something you are considering my advice would be don’t rush into it.

Especially if you are quite new to matched betting it may seem like the holy grail. There is no harm in perhaps lowering your hours at work and putting more hours into matched betting. Then reevaluating your things after a few months.

Don’t get me wrong matched betting is awesome but is important to put realistic expectations on pursuing it full time. I personally know some people that do extremely well from matched betting for a living.

Could that person be you in the future? Possibly but it is important to evaluate all the factors involved before you make the jump.

If you want to make the most of your matched betting. This service gets my recommendation as the best matched betting software around.

 

Best Matched Betting Services In 2022 – Comparing The Top 3 Services

Matched betting is a great way to earn some extra money. More and more people have discovered this in recent years. If you really want to make the most out all the matched betting opportunities out there then you will have probably looked at a matched betting service.

Due to this surge in popularity there are more and more matched betting services competing for customers. Competition is good for us as matched bettors as it means we get better services and they have to offer us more value for our money.

Best Matched Betting Service

What is the best matched betting service in 2020? – Profit Maximiser

Lets take a look at one of the first and most popular matched betting services.

comparing matched betting services

Profit Maximiser was the first service that really showed you how to exploit every opportunity available. I had known about matched betting previously but after joining Profit Maximiser I realised there was a whole lot more money to be made.

What Does Profit Maximiser Offer?

  • Step by step guide to matched betting and exploiting casino bonuses
  • How to make money from bingo bonuses
  • How to take advantage of spread betting offers
  • Making money from reload offers
  • Private members Facebook group
  • Access to private member area
  • Matched betting calculators
  • Matched Betting Spreadsheets
  • Betfair Renegade (Betfair Value Betting Software)

 

My Experience With Profit Maximiser

Like I said previously Profit Maximiser really opened my eyes to all of the betting opportunities out there.

I found the service to be very professionally run. There are videos of the offers and walk through guides in the private members area. Help is on offer through email support if you have any questions.

Exploiting casino offers is the area that Profit Maximiser really excels in. Mike Cruickshank is really ahead of the curve when it comes to making money from casino bonuses.

Another aspect of Profit Maximiser that I really enjoyed was the Facebook group. It was really active with a lot of experienced matched bettors and useful advice being shared. Quite a few members of Profit Maximiser have gone on to make large sums from matched betting.

Best Matched Betting Service
Some members have achieved some big profits.

The whole service is very well put together. Furthermore the man behind Profit Maximiser Mike Cruickshank deserves a lot of credit. This service really was a big part in the growth of matched betting which has really exploded in popularity.

Profit Maximiser – Pros And Cons

Cons

  • No monthly subscription.
  • Initial Cost is £116 pounds for a years subscription.
  • Multiple up sells for other products (Each way Sniper, Accumulator Generator)

Pros

  • The original matched betting service
  • Strong and active community
  • Continuously developing the product (addition of value betting tool.)
  • Good value for your money

What is the best matched betting service? – Oddsmonkey

Best Matched Betting Service

Oddsmonkey began life as a odds matching service and software provider for matched betting services.

A few years ago after seeing the rise of matched betting services they created their own. The ethos of the Oddsmonkey service seemed to be to emulate a service like Profit Maximiser but also add as much value as possible at a reasonable price.

What Do Oddsmonkey Offer?

  • Matched Betting Tutorial
  • New Customer Sign Up Offers
  • Bingo and Casino Offers
  • Oddsmatcher software (Odds matching software for arbitrage and matched betting)
  • Racing Matcher (Software that highlights odds matches for racing offers)
  • Dutch Search
  • Each Way Matcher (Software that highlights each way arbitrage bets)
  • Matched Betting Calculators
  • Spreadsheets
  • Matched Betting Forum
  • Acca Matcher (software that highlights profitable accumulator bets using bookmaker promotions)

My Experience With Oddsmonkey

After my Profit Maximiser subscription ended I joined a few different services to see what they offered. Eventually I settled on Oddsmonkey as I found that it was the service that by far offered the most value for my money.

The service is excellent with a clean interface that is easy to navigate. For £17.99 a month they really packed a tonne of useful software into the service. I mentioned a con of the Profit Maximiser service was receiving multiple up sells to other products. For example there is the Each Way Sniper (around £47 plus VAT) and Accumulator Generator (£148.99 plus VAT).

Best Matched Betting Service
Each Way Matcher shows you how to make risk free profits from horse racing.

Oddsmonkey includes services similar to Each Way Sniper and Accumulator Generator with its £17.99 pound a month service. So as much as I like Profit Maximiser ,I believe that Oddsmonkey offered me much value for my money in terms of matched betting.

Another point that I liked about the service was that I wasn’t tied in to a long term subscription. If I was going away for three weeks and wasn’t going to use the service much I could cancel. When I was going to make full use of the service I could then sign up again. The subscription options offer great flexibility.

Oddsmonkey – Pros And Cons

Cons

  • Community not as active as other matched betting services

Pros

  • Most value for your money
  • Everything included with your subscription (no up sells)
  • Excellent Support
  • Service suits all levels of matched bettors (beginners to advanced)

What is the best matched betting service? – Profit Accumulator/Profit Ninja’s

Profit Maximiser and Oddsmonkey are the two services that I have used the most. However there are a lot of matched betting software providers looking to offer their services.

Profit Accumulator is one of the big three services. This is not a service that I have used but from talking to members of the service it is very similar to Profit Maximiser. Profit Accumulator have done a great job of marketing matched betting to the public.

Here is a great review of Profit Accumulator

They boast to my knowledge the biggest matched betting community around 20.000 plus members. Subscription cost either £22.99 month or £150 for the year.

(Update (2018) Profit Accumulator now match Oddsmonkey subscription qt £17.99 a month or £150 a year.)

Best Matched Betting Service

Another service that I used for a few months was profit ninja’s. Profit Ninja’s is one of the lesser known services but they offer quite a good product. On top of a general matched betting product with odds matching software they also provide a few Betfair trading strategies.

They offer subscriptions for £10 a month or an annual fee of £100 with odds matching software. 

Best Matched Betting Service

 

Comparing Matched Betting Services

 Profit MaximiserOddsmonkeyProfit AccumulatorProfit Ninja’s

Monthly Fee

n/a£17.99£17.99£10
Annual Fee

£116.00

£150.00

£150.00

£100

Free Trialn/aYesYes

Yes

Refund Guarantee

30 days30 days30 days

n/a

 

 

 

 

 

Matched Betting Tools    

Accumulator Matcher

Additional £148.99Included in subscriptionIncluded in subscriptionn/a

Eachway Matcher

Additional £47.00

Included in subscription

Included in subscription

n/a

Odds matching SoftwareAdditional £98.97Included in subscriptionIncluded in subscription

Included in subscription

     
Support Features    

Member Forum

YesYesYesYes
EmailYesYesYes

Yes

What is the Matched Betting Service? – Conclusion

You can probably guess from this article which service I am going to recommend.

For matched betting Oddsmonkey is the service that I currently use and it continues to be the stand out matched betting service for me.

On top of it being such an excellent service. You trial Oddsmonkey yourself for 30 days. If you don’t get enough value for your money you can get a refund.

It’s a no brainer for me if your looking to make money from matched betting go with Oddsmonkey.

Best Matched Betting Service

 

Matched Betting to Sports Trading – What’s Next?

Matched Betting to Sports Trading

Matched Betting to Sports Trading – What’s Next?

More and more people are moving from matched betting into sports trading. 

Matched betting is a great way for anyone to get involved in the sports betting and trading markets as it is the easiest way of making money. Eventually bookmakers remove any bonus eligibility from your account or in some cases (Boylesport) close your account all together.

Matched betting is a great introduction into sports trading as it shows people that money can be made from the bookmakers. You should also become familiar with the betting exchanges and how they function.

Matched betting to sports trading
Matched betting is an easy way of making money. Whats the next step?

Life after matched betting what’s next?

  • Value Betting

First off you should still have a lot of bookmaker accounts left. There is still the potential to make more money from these accounts and value betting is probably one of the best ways of doing it.

By exploiting the fact that many bookmakers move their odds slower then the sharper Asian bookmakers such as Pinnacle we can find odds that offer good value.

  • Sports Trading

At this point you are familiar with the betting exchanges and are looking to start making money trading. There are lots of potential options with sports trading.

Which sport? Pre match or in play? Lay drifting horses? Back potential steamers? Lay low odds in Tennis?

Its important to find your focuses and break down the sport that suits you best. Which sports are you most knowledgeable about? How much time have you spent looking at the markets? What have been your most profitable markets?

  • Sports Betting

Matched betting might have allowed you to build up a big enough bank to consider going into sports betting. 

One way of taking on sports betting is to build up a portfolio of proven profitable tipsters and looking at sports betting as a long term investment.

Recommended Reading

What is value betting?

Sports trading which sport?

Sports betting as an investment

 

Matched betting to sports trading
Its ok to lose sometimes

Matched Betting to Sports Trading

Major differences?

  • You will lose sometimes

This is the big difference from matched betting to sports trading and betting. If you have been matched betting you will be used to constantly racking up the profits but trading and betting is a different animal.

Losing money is never pleasant but it is inevitable that at some point you will lose money and you have accept this as part of the game.

If you look on social media you tend to see lots of nice screenshots of winning trades or people going 5/5 in sports betting for the day. If you are not experienced this might give you the impression that sports bettors and traders rarely lose but in truth everybody has losses.

Once you accept that losses will happen it makes it much easier to find long term profitability as you aren’t constantly changing strategies, sports or tipsters.

  • Learn about variance 

This ties into the above buts it is really important to learn about variance.

Variance in the short term can make us believe an unprofitable strategy is profitable and a profitable strategy unprofitable.

If you start to build an understanding of variance then it diminishes the stress and shock of losing periods or losing trades.

Recommended Reading

Understanding variance

Learning from your losses