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
Subscription Cost – £9.60 a month (Annual Subscription)
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.
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
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?
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