50K Betting And Trading Challenge – Results After One Year

April was the last month in the 50k betting and trading challenge.

With a total of £26,630 still remaining.

Did April go out with a bang and was at least half of the £50k target made?

In general April was a good month for matched betting with the Aintree festival providing lots of offers. Even betting exchanges such as Smarkets, Matchbook and BETDAQ where getting in on the offers.

 

Matched Betting – Sports Offers, Accumulators, Arbitrage

I hit a lot of matched betting offers and arbitrage bets in April.

Jumped on the odd plus ev accumulator and was really active throughout the whole month.

Profit dipped slightly from last month. Given that I always arb leaving the profit on the soft bookmaker (value arbing.)

I had a lot of arbitrage bets which didn’t make a profit but were break even.

In the total I took part in 334 matched betting offers and arbitrage bets.

The total profit was £978

On a side note Matchbook have extended the 0% commission offer till the end of the year.

This is awesome if your are matched betting or arbitrage betting (or both.)

The offer is for Oddsmonkey premium members and new customers.

Which is going to add a few extra thousand pounds profit over the course of this year for me personally.

If you are able to get either of these offers then you should really jump on it.

Advantage Play – Casino Offers


Casino offers sucked donkey balls in April.

Just never really got going, the odd decent win was wiped out by a string of losses.

This trend just continued throughout the month.

Blackjack offers in particular seemed to be harsh as live dealers seemed to magic 21’s again and again.

I don’t usually get frustrated with losses in trading, betting or advantage play. But I have to admit this streak of losses has irked me to say the least.

Just seemed ridiculous how many times these live dealers were hitting 21 when I was on 20. Suppose that is just variance and something we all have to deal with.

Speaking to someone that tackles high risk casino offers day after day. They told me how they had gone through a six month £20k downswing late last year. Which puts things into perspective for me.

There were 128 offers that I took part in April.

The total loss was -£57

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

Trading results were pretty solid this month.

The easiest trade of the month was when someone or something (bot?)

Decided to push the First Goalscorer price on Harry Kane out to 3.5 on Smarkets when he was trading at 3.3 on Betfair. I took as much of this as possible before the price returned to 3.3 again on Smarkets.

In total I made 11 trades in April

A total profit of £149 was made.

Sports Betting Results

In April I made a bigger effort to increase my turnover in sports betting with my own selections.

This is an area where I would like invest more money into going forward and scale it up.

Alongside betting with a few proven profitable tipsters.

Going forward I think this will add a decent amount extra profit over the course of the next year.

There were a total of 41 bets made in April

A total profit of £389 was made

50k Challenge Year Summary 

Here is a break down of profit and loss for the whole challenge.

 

Matched Betting And Arbitrage – £10,707

Advantage Play – £10,266

Quentin Franks Tipster Service – -£165

Sports Trading – £2677

Sports Betting – £1715

 

Total Made

£25,236

Thoughts On The Future

So I managed to make just a tad over 50% of the £50,000 target for the year. I’ll be honest it has been quite a grind at times this year hammering out as much profit as possible. The profit margins on matched betting and casino offers do seem to be getting smaller and smaller as time goes on.

Going forward my focus is going to be much more on trading and sports betting.

Increasing my turnover is key if I want to achieve my long term goal.

The sports betting tipster experiment is something that I am hoping could help me achieve this. As I aim to find a solid profitable portfolio of tipsters to follow.

In terms of trading I will be following Psychoff’s goal alerts on twitter and will try to uncover some new edges myself.

The long term goal for me now  is to try and achieve early retirement and financial independence through the sports betting markets.

Giving myself a 10 year target to make £1,000,000 in total profit.

A pipe dream?

Most probably, 

but hey fuck it, what is the point it setting easy targets.

As far as this blog goes I’ll keep doing monthly updates on how things are going. Keep searching for methods to take money out of the sports betting markers. Also thinking about setting up a group for people that have similar targets to mine.

Thanks for reading,

The 50k betting and trading challenge

Smart Sports Trader

Ryan Bruno is a former mixed martial arts and kickboxing competitor. He loves sports and making money online. After finishing university he played online poker and taught English for a living in Thailand for a few years. Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.

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About Smart Sports Trader 103 Articles
Ryan Bruno is a former mixed martial arts and kickboxing competitor. He loves sports and making money online. After finishing university he played online poker and taught English for a living in Thailand for a few years. Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.

3 Comments

  1. Hi Ryan

    Well done on the year, shows in detail how decent profit can be made.

    A couple of questions if you don’t mind!

    You mention the matched betting bit is a grind, how many hours a day would you spend doing it to get your 1k approx a month?

    What matched betting strategies did you use, purely the oddsmonkey arb tool?

    On the casino, where you using the PM calendar they have our anything else?

    Thanks and well done!
    James

    • Hi James

      In total I say I average 5 or 6 hours during the week. Weekends tend to be a bit busier probably 8 or 9.

      However with casino offers I wasn’t always stuck to my computer.I might play football in the back garden with my kids or watch netflix if I can leave them running on autopilot.

      For arbing I use did use Rebelbetting for a while. Mostly use Oddsmonkey during the week and Betburger offer a daily service. Sometimes I will subscribe to this for a busy Saturday. Also was taking advantage of price boosts and doing some plus ev accumulator offers.

      Casino offers I was using Profit Maximiser calendar and any offers that were plus ev that I got through email. Free spins, Reloads etc.

      Thanks for reading and commenting

      Cheers

      Ryan

  2. I will be doing something similar to this and I wanted to get in contact with you for guidelines on how to write and where. Hope to hear from you soon.

    Thanks

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