Betting And Trading Report – May Results

The £50k betting and trading challenge is now over. However given that these posts proved to be quite popular and I got good feeback. I am going to continue them in the form of a monthly profit report.

Giving an update every month on how the profit and loss of each of the methods and services that I use.

Matched Betting – Sports Offers, Accumulators, Arbitrage

 

Betting And Trading Report - May Results

In May I took part in a total of 252 matched betting offers and arbitrage bets.

Profit and volume was down this month compared to April.

During May I did take a few more days off then usual given that the season was winding down. With the World Cup in June I expect much more volume and hopefully a bigger profit.

Been a lot more active with shop offers so far this month. Which should also see an increase in profit.

A total profit of £687 was made.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

Betting And Trading Report - May Results

After a month of losses for casino offers in April, things didn’t start off much better in May.

However this didn’t last too long as it seemed like I was profiting from every offer. A £10 refund from BGO £105 profit, £5 bonus from Paddypower £153 profit. The Bet365 blackjack offer that had been rinsing me for weeks finally turned around.

May turned into a really good month for casino offers. With a much smoother ride as variance went my way and profits grew as the month went on.

In May a profit of £1305 was made from 153 offers.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

Betting And Trading Report - May Results

In May I made 11 trades and a profit of £277.

One of my main trades was in-play when Salah got injured in the Champions League Final. This caused Liverpool to drift very rapidly and was a nice easy trade.

The other trades were all pre match before the game started. Also managed a decent profit on the Darren Till vs Stephen Thompson UFC bout. For the second fight running big money came in for Darren Till.

 

Sports Betting Results

Betting And Trading Report - May Results

Here is snapshot of some bets from the end of May.

In May I made 27 bets.

A total profit of £531 was made.

These were a mixture of my own bets. Tennis bets provided by Dan Weston in his columns for Betfair.

Along with Psychoff’s goal alerts that I managed to get on.

In June I have increased stakes for sports betting. This hasn’t gone well so far. However I have been overly cautious with my staking in the past. In an effort to increase profit and turnover sports betting is an area where I think I can push myself more.

The Sports Betting Tipster Experiment

Last month I wrote about my plan of putting together a portfolio of betting tipsters. Titled the sports betting tipster experiment.

However after starting this. I quickly found that I was spending way too much time in front of the computer. Alongside the matched betting, casino offers, value betting and arbitrage. It was too much.

My work, family life balance just wasn’t right.

So I have put that idea on the back burner for now but I will be adding tipsters to my overall portfolio.

From June I will be following two horse racing tipsters. 

The Morning Value Service Lite which is a premium tipster from the Secret Betting Club being the first.

Along with Max Racing Partnership which was another service recommended to me by the Secret Betting Club.

These services send selections out early in the morning and they fit in nicely with my daily routine.

Summary 

Results

Matched Betting – Sports Offers

£687

Advantage Play – Casino Offers

£1305

Trading Results

£277

Sports Betting

£531

Total Made 

£2800

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

50K Betting And Trading Challenge – March Results

So its getting close to a full year now for the £50k betting and trading challenge.

March was a month that brought the Cheltenham festival and a heavyweight boxing clash between Anthony Joshua and Joseph Parker.

Personally March was a month that I really enjoyed. With a great number of high quality sporting events. However I suppose the most important question is how did did the betting and trading go?

Matched Betting – Sports Offers, Accumulators, Arbitrage

I got through a really decent amount of arbitrage and matched betting offers this month.

With the total coming to 293 bets in March.

Compared to February that is in increase of 92 arbs and matched betting offers.

The total profit was £1295, an increase of £339 from February’s results.

Currently living the 0% commission life with both Smarkets and Matchbook at the moment. Due to an offer on with Oddsmonkey and it does making arbing so easy.

My intention is to make as much use of this 0% commission period as possible. I’d advise that if you have this offer yourself then you do the same. Hammer those bookmakers that you don’t much use of and even consider shop arbing if possible. As you can really boost your profits when your not paying any commission.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

 

Advantage Play – Casino Offers

There have been a few times where I have whined about casino offers in my write ups. Noting that I felt like I was running below expectation.

Well that’s not something I can do this month.

Everything went really well. 

Those crappy 10 free spins a day offers that seem like there not worth bothering with, Added an an extra £256 this month. The Epic Ape bet £5 get 10 free spins promo with William Hill was another promo that paid out big this month.

I did feel like I was due a good month with the casino offers and March duly delivered one.

It really paid off this month taking action and hitting every offer possible.

There were 136 offers that I took part in this March.

The total profit was £1785

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

 

I won’t put in a graph for trading this month as I did very little.

In total I made 3 trades this month.

A total profit of £52 was made.

My focus on arbitrage betting has taken time away from trading .

Changes to my work circumstances however should mean that my trading volume will increase for April and the rest of the year.

Sports Betting Results

In March I made 14 bets.

A total profit of £283 was made

Again my betting continues to be pretty sporadic.

However I am planning to put together a much more organized portfolio together for sports betting.

In order to increase my overall volume of sports bets.

This is something that I plan to write about in detail during April

Summary 

Results

Matched Betting – Sports Offers

£1295

Advantage Play – Casino Offers

£1785

Trading Results

£52

Sports Betting

£283

Total Made 

£3415

50k Challenge Remaining Target

£26,630

 

So there is one month left in the £50k betting and trading challenge.

With a total of £26,630 to get in the last month. It’s fair to say that it looks unlikely that I am going to succeed.

However I am pretty happy that I have stuck to documenting the whole thing and I know a few people have replicated what I am doing. With one individual in particular emailing me that he is posting bigger results then mine on a monthly basis.

Which is cool, as the one of the main points of this challenge was to show people that these results can be replicated relatively easily.

April will see me returning to betting, trading, matched betting, arbing full time once again. Which should also see an increase in posting up content for this site. Alongside a larger focus on sports betting and sports trading once again.

Cheers for reading and hopefully we all have a profitable April.

50K Betting And Trading Challenge – February Results

I did it I smashed my 50k in a year target!!!

Is what I would be saying if I had won £205k on a casino offer this month.

But yeah that didn’t happen to me.

I noticed the beginning paragraphs of these updates are becoming pretty similar each month and thought this would at least freshen it up a little.

This is actually a win from a member of the Profit Maximiser group.

So what were my actual results?

Matched Betting – Sports Offers, Accumulators, Arbitrage

Getting 0% commission with Matchbook has been great. It means I can fire off as many arbitrage bets as possible.

I’ll take small 1%-2% arbs all day as it only takes minutes and that money isn’t growing if its sitting in my bank.

Oddsmonkey also announced in March that premium members get 0% now with Smarkets for the next few months.

This means that these small savings are really starting to add up. Arbitrage has become a much bigger focus for me this month and will be going forward.

A total of 201 matched betting offers and arbitrage bets were made in February.

The total profit was £956

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

The casino gods looked after me a bit better this month.

There was no one huge win but plenty of decent blackjack offers this month gave good profit.

I get more questions about casino offers then anything else.

Casino offers are really simple as unlike sports betting you know exactly what your edge is as your playing solved games.

You just have to keep grinding through the offers and make sure your bankroll can sustain the losing runs that will come.

The best advice I can give is to use matched betting and arbitrage profits to fund the casino offers. That way you psychologically feel like your only losing money won from bookies.

This month I took part in 104 offers.

The total profit made was £995

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

Trading volume dropped in February compared to January.

In January I made 24 trades and in February I made a total of 10.

Been a busy month and didn’t find myself looking ahead for pre match trades much this month.

Which explains the drop in volume. This was something I wasn’t really aware of till I wrote up this blog post.

There were no huge trades, I used a few tried and tested strategies that continue to work.

A profit of £160 was made from trading.

Sports Betting Results

My sports betting continues to be pretty unorganized and sporadic now that I don’t follow any tipsters.

Mixed martial arts and in-play football betting are areas where I think I can continue to spot value.

Overall my sports betting is looking pretty solid with a 9.41% roi from nearly 200 bets.

I’ll be pretty happy if I can maintain that over a bigger sample of bets.

There were only 9 bets in February.

A total profit of £143 was made

Summary 

Results

Matched Betting – Sports Offers

£956

Advantage Play – Casino Offers

£995

Trading Results

£160

Sports Betting

£143

Total Made 

£2254

50k Challenge Remaining Target

£30,045

 

Two months are left in the £50k betting and trading challenge.

It looks very unlikely that I will hit my target. Being £30k short with only two months left.

However with it being Cheltenham festival this month (March) £25k profit inside a year looks pretty realistic.

In a way I am quite glad that I have come short of my target. As this is the reality of betting and trading. It isn’t always a smooth ride. 

Often with social media you only see people smashing big profits everyday but obviously this isn’t the reality.

February was a really good month with every part of the portfolio making a profit.

Writing this 10 days into March and it looks likely that I will follow it up with another profitable month.

One thing I will say is make sure you make the most of all of those Cheltenham festival offers.

This is always a great time of the year for making profits.

 

50K Betting And Trading Challenge – January Results

The first month of 2018 has flown by, was it a profitable one?

Matched Betting – Sports Offers, Accumulators, Arbitrage

I will start off with the lowest variance part of the portfolio first. In terms of offers and arbitrage bets this month the turnover was really good.

A total of 267 matched betting offers and arbitrage bets were made.

With a total profit of £1113 being made.

I really hammered every arb possible with accounts where I am promo banned. I still find even with accounts where I am limited to £50 stakes that you can squeeze a decent amount of value out of them.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

The casino gods were not very kind this month. It seemed like a month were I would just wake up every day and lose money on the slots. Even though I know that I am doing everything right. I do feel like a bit of a degenerate gambler when these losing streaks happen.

Thankfully I can just look at my long term graph and see that the mathematics behind these offers work long term and its just a case of grinding past these break even/ losing periods.

This month I took part in 127 offers

I total profit of £60 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

One of my aims for 2018 was to spend more time trading. I did that this month.

A heavy focus of pre match trading and also trading the match odds markets at half time paid of over the course of the month.

When I first started pre match trading I used to try and trade every league possible. Without that much success. But I have found success just sticking to the Premier League and European competitions featuring English teams. Over time you find similar patterns emerging again and again.

Then it just becomes a matter of waiting.

In January there were a total of 24 trades made.

A profit of £479 was made.

Sports Betting Results

Sports betting didn’t go well in January. A big loss betting on Quentin Jackson to beat Chael Sonnen did the most damage. Generally this month my mixed martial arts betting did poorly and the random football bets on in-play markets didn’t do much better.

There were 13 bets in January

A loss of -£315 was made.

Summary 

Been a fairly mediocre first month of profit in 2018.

That target of £50k profit within a year is looking far off with 3 months left. I would need three £10k plus months of profit to achieve it.

Before I started this challenge I had two record months with casino offers bringing in over £3000 alone. I am still waiting for that really good month where casino offers go right and big profits are made. There is a small chance I could hit a big win and get close to £50k, in the meantime I’ll just keep grinding and see where were at in April.

I am happy with my trading results this month. FA cup games always tend to be an area where I do well as the market always has a question mark over what players will be fielded. February will be a month where I look to maintain a similar trading volume.

Outside of my betting and trading portfolio. One of my goals was to increase traffic to this site through other mediums. In January I got round to creating a video How I Make Money From Sports Betting

It has around 100 views at the moment. But its trickling through extra traffic to the site and gives me an avenue of potential traffic to build on. I don’t find speaking on video particularly enjoyable however it is nice to something else to focus on and create content for.

All in all January has felt like a pretty average month and it’s flown by. Hopefully February will be a month where the casino offers start to bring in bigger profits.

Results

Matched Betting – Sports Offers

£1113

Advantage Play – Casino Offers

£60

Trading Results

£479

Sports Betting

-£315

Total Made 

£1337

50k Challenge Remaining Target

£32,299

50K Betting And Trading Challenge – November Results

As we creep closer to the end of 2017 are profits starting to scale up?

Is £50,000 within a 12 month period looking at all possible?

Matched Betting – Sports Offers, Accumulators, Arbitrage

50K Betting And Trading Challenge - November Results

November wasn’t the greatest month in terms of profit for Matched Betting and Arbitrage. In total there were 213 offers and arbitrage bets.

Around an average of £3 per offer/arb was made.

A total profit of £643 was made.

Nothing really new to report here. I did a few plus ev accumulators and took advantage of some decent odds boosts. Whilst getting involved in as many matched betting offers as possible.

Also used accounts that are promotion banned for arbitrage bets. Alongside a few other bookmakers that don’t offer any or few promotions. 

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

50K Betting And Trading Challenge - November Results

This November I really tried hit every low – medium risk offer possible. Then reuse those profits to attack some of the higher risk offers. Unfortunately I just can’t seem to hit a decent sized win with these higher risk offers the last few months.

It’s been the same story. Grind out the profits on the smaller offers. Then give it back on the higher risk, higher stake offers.

Obviously if I increased my volume of high risk offers then the variance should smooth out. However any big downswings would then reduce my bankroll for arbing and matched betting. Which would lower the zero risk profits from that side of my portfolio.

So my low risk pussy approach to casino offers will continue for the near future.

50K Betting And Trading Challenge - November Results

I took part in 139 offers in November.

A total profit of £616 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

I barely traded at all in November. Just been really struggling to find the time to trade. 

Been actively trying to spend more time with my wife and kids. As it does seem like I spent the majority of the time sitting in front of the computer with a cup of tea. As such trading is an area where I just haven’t done much at all in November.

In total I made 3 trades and a loss of –£18 was made.

Quentin Franks Racing – Tipster Service

Anyone that has been reading this challenge will know that Quentin Franks has really struggled this year. There have been a few comments suggesting that I drop this service as it seems to have lost its edge.

In November I decided to stop following Quentin Franks.

It is a service that I have made money from overall. However given how tough it is to follow the advised bets and it does speed up bookmaker limitations I won’t be following it any more.

For example selections are usually sent around 09.00.

For me this meant rushing home after dropping the kids of at school. Or often taking my laptop in the car with me and frantically placing bets when the email arrived.

When Quentin Franks Racing was crushing it month after month. This didn’t seem like a huge amount of effort. This year though it has been something of a drag.

Quentin Franks did have a profitable month in November according to official results. It is a service that I will continue to keep an eye on. But I am pretty happy with my decision to let it go (cue the frozen music) for now.

Sports Betting Results

In November I made 14 bets.

A total profit of £323 was made.

My overall betting stats for this year are looking pretty solid. 

164 bets

9.1% return on investment

£1113 Profit

50K Betting And Trading Challenge - November Results

It should be noted that the Juventus game should have IP (In-play) next to it. As they were backed when surprisingly 0-1 down at home to Benevento.

Pretty happy with my sports betting.

I know I have an decent edge in mixed martial arts betting. But I can’t really increase the volume of bets in these markets. As my approach to this market isn’t heavily based on statistics but based on my own knowledge of the sport. So personally I only take spots that I see obvious value in.

Summary

I turned 30 this month and have had a big think about life going forward. There is still great opportunity with matched betting and advantage play. It is relatively easy money to make and can be scaled up.

Sure it is not as profitable as it was 5 years ago.

However the same can be said about Betfair trading, arbitrage betting, poker, selling on Amazon.

And that is often enough to put people off even trying to start to make money from any of these things.

But when these opportunities do exist its important to make the most of them and grab them by the balls. I don’t want to be looking back in 5 years and saying “fuck why didn’t I make the most of that.”

My plan going forward is really to hammer every bit of profit I can out of advantage play, arbitrage and matched betting. Then reinvest those profits and compound my bankroll.

Sports betting and trading are still area’s that I want to more time and money into. However I have been looking at more passive investments recently.

Cryptocurrencies are gaining a lot of traction at the moment which is something I studying. It is something that I will certainly be investing in the near future. ( If anyone can recommend some good reading material or videos, please drop me a comment below.)

The Football Index also looks like interesting platform that could be a really good investment. I have dipped my toes into it this month.

November felt like a month where although I put in a decent amount of work. The profits just didn’t really seem to hitting the levels I am expecting. Which has been a recurring theme the last few months.

50K Betting And Trading Challenge - November Results

Results

This pretty much sums up this 50k betting and trading challenge. I need to make some significant changes in order to hit bigger monthly profits. And perhaps make a good push towards £50,000 profit before April 2018 comes around.

One positive thing that I will note is that December has started off really profitable.

Felt like a bit of a ramble in this write up but here are the overall results for the month of November.

Matched Betting – Sports Offers

£643

Advantage Play – Casino Offers

£616

Trading Results

£-18

Sports Betting

£323

Total Made 

£1564

50k Challenge Remaining Target

£35,534

50K Betting And Trading Challenge – October Results

October was a month where I really went back to keeping things very simple. Using mostly matched betting and arbitrage to bring in the profits. Did this approach lead to increased profits?

Matched Betting – Sports Offers, Accumulators, Arbitrage

50k betting challenge OctoberOctober was a month of good volume. As I increased my focus on arbitrage betting. Whilst continuing to get on as many matched betting offers as possible. In total there were 272 bets made in relation to arbitrage, matched betting and plus ev accumulators.

A total profit of £1139 was made. 

My tactic for arbitrage betting was to use Oddsmonkey’s oddsmatcher software on week days. Then take up daily subscriptions of more advanced arbitrage software on Saturdays when there is the most opportunity. 

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

 

Advantage Play – Casino Offers

50k betting challenge OctoberThe betting gods treated me a lot better in October after a slow month in September. In total I took part in 118 advantage play offers.

A total profit of £827 was made.

I have noticed a drop in the amount of good reload offers I am getting from casinos. It does seem like casino’s are tightening their belts a little with these. But there have still been a decent amount of offers overall. I have found myself taking advantage of a lot of Play Ojo’s free spin offers. Which are pretty consistent and usually offer good value.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Trading Results

50k betting challenge October

Another low month of trades. Where I have basically only traded on Saturdays using a few tricks on the Smarkets exchange. I don’t want to give away what I do on Smarkets completely. As this creates competition for the liquidity I use.

What I will say though is that the money flow is different in Smarkets. In comparison to other betting exchanges like Betfair. It is an exchange that generally follows Betfair but is used mostly by matched bettors. This creates some good low risk trading opportunities if you have some patience.

In total there were 7 trades made in October. A profit of £71 was made.

Quentin Franks Racing – Tipster Service

50k betting challenge October

I bet on 47 selections from Quentin Franks in October.

A profit of £71 was made.

Last month I wrote that I was considering removing Quentin Franks from my portfolio. There were a few comments that also backed up these feelings. Again results have not been great and since the challenge started Quentin Franks is still in the red. 

However given the long term nature of betting. I have decided to give it until the end of the year before making a decision. It is possible that the service could have a great November and December which could turn the year around.

Service Used

Quentin Franks Racing (Read The Review)

Subscription Cost – £50 a month  (Quarterly Subscription)

Summary

October was a solid month in terms of results. I seem to have gone full circle in my betting career as I initially built my bankroll with matched and arbitrage. Then moved on to focusing more on sports betting and trading.

Now I have  once again returned to really focusing on using the original two methods ahead of trading and betting. In order to try and push my monthly profits to greater heights.

Scaling up my profits has been something I have really struggled to do in this 50k betting challenge. At the beginning of April when I started the challenge I made £2014. Here we are in October with a similar monthly profit of £2037.

Football trading is something that I also want to spend more time on. The last few months I have really slacked off and not been looking at the markets as much. But really with a bigger bankroll this is an area where I could scale up my profits. There are still lots of opportunities in these markets it’s just about spending time looking for them.

Here are the overall results for the month.

Matched Betting – Sports Offers

£1139

Advantage Play – Casino Offers

£827

Trading Results

£71

Quentin Franks Racing – Tipster Service

£71

Total Made 

£2037

50k Challenge Remaining Target

£37,098

50K Betting And Trading Challenge – September Results

After six months I’m now at the half way mark for the 50k in a year betting and trading challenge. Did September bring me any closer to making this a realistic target?

Matched Betting – Sports Offers, Accumulators, Arbitrage

50k betting and trading challenge September

During September I have taken part in 241 matched betting, arbitrage and plus ev accumulator offers. A total profit of £892 was made.

My volume was a bit less then August where I did 261 offers. My profit also dipped compared with August. I think this is partly down to letting a lot of the plus ev accumulators run rather then laying for a guaranteed profit. In theory this should even out in the long run so I am not too concerned.

Also been making small arbitrage bets with with Oddsmonkey’s oddsmatcher software on accounts that I have been promo banned from. This brings in small continuous profits that help cushion the variance of the accumulators.

Service Used

Oddsmonkey

Advantage Play – Casino Offers

50k betting and trading challenge September

September marked the worst month so far in terms of profit from Advantage play offers. It was looking quite good at one point after a few wins on some of the lower risk offers started to build up.

However a few high risk offers towards the end of the month turned what was looking like an average month into a poor one. Again its just a case of grinding through the variance and continuing to put in the volume.

In September I took part in 102 advantage play offers. A small profit of £91 was made.

Service Used

Profit Maximiser

Trading Results

My trading and interest in trading has really suffered the last few months. It basically comes down to time and the lack of it that I can invest into trading at the moment. One of the best ways of trading the football pre match is to react to information before the majority of the market. I just haven’t found myself able to do this very often lately.

In September there have been a few trades mostly on secondary football markets. In the match odds I layed Liverpool away at 1.63 Spartak which hit a stop loss of 1.6 pretty quickly. That was it for trades on the match odds market.

50k betting and trading challenge September

Feel a little silly for even including this graph, given the tiny volume. In September there were a total of 4 trades with a profit of £19 being made.

Quentin Franks Racing – Tipster Service

50k betting and trading challenge September

The rut continues for Quentin Franks. For a service that was once just continually churning out profit on a monthly basis. It is now showing a loss for the last six months.

I have thought about cutting my losses with Quentin Franks. But sports betting is a long term game and I would like to at least give the service a full year before making any changes. It could quite easily hammer some decent profit out for the rest of the year,

In total I bet on 66 Quentin Franks selections in September. A total loss of -£216 was made.

Service Used

Quentin Franks Racing

Sports Betting – August Results

50k betting and trading challenge September

September was a pretty quiet month for sports betting with only 11 bets. A small profit of £27 was made. 

50k betting and trading challenge September

Summary

So I am now halfway through the 50k betting and trading challenge. A few things have become apparent.

  • I have over estimated my ability to put in large volume.
  • Even if a tipster has crushed the last few years making profits every month. Doesn’t mean that it will continue to do so in the future.
  • I always underestimate variance.

I would have loved to be smashing it out of the park every month. It would probably make better reading also and bring more traffic to the blog. But the reality of trying to make money from sports betting is that things aren’t always going to go smoothly.

Whilst I will still admit to being a little disappointed that I am not as close to hitting £50,000 profit as I would have hoped, after six months.

It isn’t going to change my approach. It is something that is said over and over. But making decent money from the sports betting markets requires a few things. an edge, a bankroll and time.

So all in all I’m just going to keep grinding all of the edges that I have. (Which you can replicate too). 

For as long as they remain available.

Matched Betting – Sports Offers

£892

Advantage Play – Casino Offers

£91

Trading Results

£19

Quentin Franks Racing – Tipster Service

-£216

Sports Betting

£27

Total Made 

£813

50k Challenge Remaining Target

£39,135

 

50K Betting And Trading Challenge – August Results

After a tough month in July did things turn around in August?

Matched Betting – Sports Offers, Accumulators, Arbitrage

50k betting and trading challenge

This month I have put most of my focus into strategies that are basically guaranteed to make money. The graph above combines regular matched betting offers, some arbitrage and also plus ev accumulator bets.

There is a part of my ego that gets a kick out of making money from sports trading and sports betting. As they require a bit more skill then matched betting and I find it more rewarding. However ultimately if I just want to make money and look at my portfolio as a business. Then a bigger focus on matched betting is the easiest way to increase my profit margins.

In the past I have skipped over offers that are only worth £2 or £3 but in August I really upped my volume and tried to take advantage of as many offers as possible.

During August I took part in 261 matched betting offers. A total profit of £1261 was made. 

Advantage Play – Casino Offers

I took part in 109 casino offers during August. Focusing mostly on the lower risk offers and I also decided to do more active with the slot offers on various bingo sites. There were a few higher risk offers chucked in but none of them paid off.

What you can see though is there was not much variance or volatility in my results. My biggest single win was £278 from £5 bingo slots bonus. My biggest loss was £200 from a high risk casino sign up.

Overall a profit of £733 was made from advantage play.

Pretty happy with my volume through August. During September though I plan to add in more high risk offers. Which have a larger ev but also an increased risk of losing more money. In the short term this might not payoff but long term should increase profits.

Trading Results

With the main leagues kicking off again there has been more opportunities for pre match trades. The Mayweather vs Mcgregor market was a tough one for me personally. As I thought Mayweather was huge value at odds of around 1.25. But Mcgregor backers were in force and this price drifted giving me my biggest trading loss of the month.

50k betting and trading challenge

I used my usual tactics in the secondary football markets to make some profits. Just waiting in good positions for recreational punters to place bets that aren’t value. Then trading out when the market is more liquid.

50k betting and trading challenge

Overall there were 12 trades and a profit of £111 was made.

Quentin Franks Racing – Tipster Service

50k betting and trading challenge

It seems to be a case of the same old story with Quentin Franks. The last five months have been a real struggle to grind out a profit with this service. In fact since the challenge began its showing a small loss of –£18.60. Quentin Franks selections are still crushing the starting SP on average so I do think its just a case of going through some rough variance.

However it is a service that requires a bit of time and planning to follow. Due to the odds movement on his selections. Hopefully that time will be repaid in the form of some nice profits going forward.

During August there were 65 selections and a total loss of -£16.60 was made.

Sports Betting – August Results

50k betting and trading challenge

As you can probably see from the graph above there were not a huge amount of bets this month. I only made a few bets that were from mostly my own analysis.

The biggest single bet I made was on Floyd Mayweather to beat Conor Mcgregor at average odds of 1.27 for £600.

In total there were 13 bets. A profit of £400 was made in August.

50k betting and trading challenge

Summary

Happy to get back on track this month. Plan on really hammering the matched betting and casino offers going forward. This is the easiest way to hit bigger monthly profits. Hopefully can build on this and have a good month in September.

Matched Betting – Sports Offers

£1261

Advantage Play – Casino Offers

£733

Trading Results

£111

Quentin Franks Racing – Tipster Service

-£18.6

Sports Betting

£400

Total Made 

£2486.4

50k Challenge Remaining Target

£39,948.6

Services Used

Oddsmonkey – Matched betting, Value bets, Accumulator offers

Profit Maximiser – Casino offers, Matched betting

Quentin Franks Racing – Horse racing tips

 

50K Betting And Trading Challenge – July Results

Last month I wrote that when everything goes well in sports betting and trading its important to enjoy it. Because things don’t always go that smoothly. Well this month things didn’t go so smoothly.

Matched Betting – Sports Offers

It felt pretty flat this month in terms of matched betting opportunities this month. Seems like most bookmakers are gearing themselves up for the start of the football season in August. Most of the profit came from the regular horse racing offers. 

For the month of July I took part in 142 offers. My total profit for the month was £380.

Advantage Play – Casino Offers

July bucked the previous trend of the hitting the ground running with casino offers. Was -£175 down at one point before things slowly started to turn around. An £80 win on a Ladbrokes offer sparked a better run of results. Eventually by the end of the month I was looking at a pretty decent return. Although still lower then previous months.

This month I have done 97 casino offers. A total profit of £693 was made.

Trading Results

Again its been a month of very low volume for trades. I did get a few horse trades and traded some Quentin Franks selections.

My issue with trading the horses is timing. With two young children I constantly get interrupted. Or often have to miss a good portion of the racing due to school or nursery activities. For me personally the football markets are much better. As they are much slower moving and I can monitor my positions on my phone even when out with the kids.

With the major leagues starting again in August this will improve. You can get much bigger stakes through these markets. I don’t pre match trade the summer leagues due to the lower liquidity and my own lack of knowledge of the teams.

I have been trading Mayweather vs Mcgregor fight which had some pretty crazy odds movement when it was announced. Hoping to have a good sized profit on this by fight time.

Overall I made 8 trades in June. A total profit of £63 was made.

Quentin Franks Racing – Tipster Service

 

It’s fair to say that Quentin Franks has struggled these last few months. Previously this was a tipster that was just churning out profits on a monthly basis. In the last four months I have recorded a loss of -£2 following his selections.

Not overly concerned as his selections still crush the Betfair SP on average. So the results should improve in time. Sports betting is a long term investment and I am not going to over react to short term results.

This month I bet a total of 91 selections from Quentin Franks Racing. A total loss of -£331 was made.

Sports Betting – June Results

So you can probably see that my sports betting for July sucked donkey balls.

The results were a combination of everything going poorly. The banker bets service had a bad month. My own short odds selections and mma bets also lost regularly.

I am aware that sports betting has a lot more variance involved. Compared to the other parts of my portfolio.

I take comfort that even those betting at really high volumes experience losing months sometimes. You’ll see millionaire sports bettor Jonas Gjelstad mention this in his video series.

Still though I did feel like a bit of a dick when I looked at my overall profit and loss for the month. With sports betting wiping out most of my profits from elsewhere.

This month I lost -£793 on sports betting from 36 bets.

My sports betting is a long term project for me. As I don’t think in the future matched betting and exploiting casino bonuses will be as profitable. Currently I only have 121 bets so its a very small sample size. So I am going to stick with it and see where I am at after 12 months. 

Thoughts Going Forward

Well with 8 months remaining that £50,000 target looks pretty far off. I need to make an average of £5304 a month to accomplish it. 

I certainly think that I can make a good push at it however. With the new season starting that means there will be much more matched opportunities available. My pre match trading is mostly on the major leagues which means more profit in that area. I have more resources to use for matched betting, advantage play and value betting.

As my bankroll increases I can invest more into pre match trading positions and value betting. So I don’t feel too dejected by this month. If anything it has probably taught me that I need to weight my portfolio more heavily on the low variance methods. 

Would be nice if I can get to the stage where I have a 100k bankroll. Help me handle the swings of sports betting a bit better. But until I do get to that stage my time is probably best invested in the easier methods of making a profit.

August has already started off much better. So hopefully it continues and I will be reporting a £5000 plus profit in my next update. 

Summary

Matched Betting – Sports Offers

£380

Advantage Play – Casino Offers

£693

Trading Results

£363

Quentin Franks Racing – Tipster Service

£-331

Sports Betting

£-793

Total Made 

£12

50k Challenge Remaining Target

£42,435

Services Used

Oddsmonkey – Matched betting, Value bets, Accumulator offers

Profit Maximiser – Casino offers, Matched betting

Quentin Franks Racing – Horse racing tips