Making A Million From Sports Betting And Trading – January and February Results

So it’s 2019 now and my quest to make total earnings of over £1 million in total profits from the sports betting markets continues.

Has 2019 started with a whimper or a bang?

Let’s take a look at the results.

Matched Betting – Sports Offers, Arbitrage, Value Betting

As time goes on I seem to be value betting more and more. Despite the continued cries of “matched betting is dying,” and “It’s impossible to make good profits value betting these days”. I still see a decent amount of opportunity available.

In order to reach those higher profit levels however it does require much more turnover then it would have say 5 years ago. For those that are willing to put in the work however its still very profitable.

The risk free side of my portfolio still keeps my very busy. The excellent 0% commission offer from Smarkets and Matchbook is great and hopefully it keeps getting extended throughout the year. You can get 0% commission from these exchanges if your are a member of the excellent matched betting service  Oddsmonkey.

Over January and February I took part in 608 matched betting offers, value bets and arbitrage bets.

A total profit of £1961 was made from these methods.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Advantage Play – Casino Offers

Whilst the first set of methods remain fairly consistent month after month. It is the advantage play methods that are usually the biggest factor in the profits.

Here are the results for the advantage play methods over January and February.

You can see that throughout January and February there was a pretty steady upward curve in profits despite the odd dip. The majority of these offers were low to medium risk although there were a few high risk offers (Bet365 blackjack offer, Videoslots reloads.)

In total I took part in 476 advantage play offers.

A total profit of £1610 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

Trading Results

My trading has been pretty low volume over the last few months. I still pre match trade the football whenever I see good opportunities. I like to lay away teams that are leading by two goals in certain scenario’s and also back strong home sides in the second half if the game is level

However my trading is quite sporadic at the moment as I generally try to fit it in when I have been through all the value betting and matched betting opportunities. I do follow the excellent FTS podcast (which I highly recommend) and follow Ian’s trades when I can.

Over January and February I made 27 trades.

A total profit of £417 was made.

Sports Betting Results

January and February were different months in terms of results.

Here are the results for January

Pretty smooth right, not a lot of volatility and a nice profit at the end of the month.

At the end of January profits from sports betting were £1365.

Then lets take a look at February.

February didn’t start well at all. 

It looked like I might be able to dig myself out of a hole in the middle of the month.

However at the end of the month I was sitting on a loss of -£1160

Over the two month period a total of £205 was made.

The good news is long term my sports betting results are looking pretty solid.

As my sample size of bets gets bigger it becomes less and less likely that my results are just a case of luck.

Which is always a possibility with betting and a big reason why you should always stake sensibly and not get carried away with winning or losing runs for that matter.

Alongside trading this is the area that I have always wanted to scale more. This is still the case and as my bankroll grows from the matched betting and advantage play methods. I will keep on increasing stakes.

Results

Matched Betting – Sports Offers

£1961

Advantage Play – Casino Offers

£1610

Trading Results

£417

Sports Betting

£205

Total Made In January/February period

£4193

Overall Profit Since The Challenge Began

£47,156

Remaining Target

£952,844

Summary

It’s been a good start to 2019.

Results have been pretty solid with all of the methods that I use. Only sports betting has not produced decent profits early on but given its low volume it requires a much longer view point.

I have thought a lot about what my long term focus is.  The thought of looking to go full time in 2020 has crossed my mind quite a few times recently, as currently I balance full time hours alongside my betting.

Having the ability to spend more time with my family and not being obligated to work is something that (like most people) really appeals to me. To do this though I would need a decent sized bank and look to increase my profits in areas that don’t require soft bookmaker accounts or casino’s in order to feel comfortable.

How has the start of 2019 gone for you?

Let me know in the comments below.

2018 Review – Making A Million From Sports Betting And Trading

The blog has been pretty quiet the last few months. My main reason for not writing much has been to spend less time in front of the computer. Obviously with the large amount of matched betting/trading/exploiting casino offers I do it involves long hours in front of the computer.

This isn’t healthy so for the last few months I have prioritized spending more time being  physically active.

However I am still pursuing my goal of making lifetime profits of over a million pounds.

In this article I going to take a look at my results over the year and also go into more detail about the methods I use to make these profits.

2018 Results

Total Made In 2018

£26,192

Overall Profit Since The Challenge Began

£42,963

Remaining Target

£957,037

Lets take a look at the methods used and the how much each method attributed to the total profit.

Matched Betting/Value Betting/Arbitrage

Total Profit In 2018

£12,172

This is the core part of my portfolio and has been for several years.

Matched betting and arbitrage are extremely low risk and they have allowed me to venture into putting more money into higher risk methods such as value betting.

On the months where value betting or exploiting casino offers don’t do well, these low risk methods lessen the blow. Although it should be said that you need to take a long term view with betting/trading. Having small but consistent profits does lessen the stress when you go through a losing period.

I have written about matched betting and arbitrage previously in quite a lot of detail. So I won’t go into too much detail about these methods as the majority of people reading this will already have a firm grasp on these methods.

If you want to learn about matched betting and arbitrage read this article.

From September on wards I put a much larger focus on value betting.

Now value betting basically involves backing odds that are above Betfair’s lay odds or Pinnacles odds with the margin removed. In larger more efficient markets this has been shown to be profitable.

Here is an example below of profits made using value selections from a service called Bookie Bashing.

The majority of my value bets have been on enhanced bookmaker accumulators, boosts and the each way value betting method on horse racing. In the last few months I have also been getting on value bets at William Hill and Betfred’s local shops.

This for me has been a great way to increase my turnover on bets that have a long term positive expectancy. Another positive about value betting is that it is time efficient. It often takes less then a minute to find a bet and place it.

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Exploiting Casino Offers

Total Profit In 2018

£7837

In 2018 I stuck to mainly low and medium risk casino offers. I do venture into the occasional high risk offers. However I know that the variance can be pretty extreme at the higher end. Having spoken to people that have had £10k-£20k draw downs. Its an area that I am still unwilling to get too involved in.

I really thought that in 2018 my profits from casino offers would exceed the rest of the methods that I use. However it has been noticeable that much like matched betting offers, the profit margins on casino offers have been getting thinner. There are still good offers but I lot of casino’s have increased wagering and put winning caps on bonuses which either eradicates the value or makes it not very worthwhile.

Not sure if this trend will continue into 2019 but I still think there will be enough decent low and medium risk offers to grind out a good profit.

There weren’t many large wins in 2018. It was more a case of grinding out smaller wins that added up over time.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

Sports Betting/Trading/Tipsters

Total Profit In 2018

£6184

For a long time I have had the idea to build a portfolio of profitable sports betting tipsters. Take things easy, follow their selections and make a decent yearly income. In 2018 I trialed this and followed two tipsters the Morning Value Lite Service and The Football Guru.

After following these tipsters for a few months and making a small loss. I stopped backing their selections. Which given how much I  have stated “betting is a long term game” on this blog over and over, is not really following my own advice.

My only excuse is that with a young family getting on selections at certain time frames isn’t always easy. I would become frustrated when I couldn’t get on the selections when they arrived in my email.

So basically I failed once again in my attempt to make money from betting tipsters. 

On a more positive note, my own trading and betting this year has gone really well.

Betting And Trading Results

 

The majority of my betting has been on the sport of mixed martial arts (mainly UFC) and in-play football. There were also a few of Psychoff’s in-play suggestions and I also often follow bets advised on Matchbook’s football betting podcast.

With the mixed martial arts betting I don’t use a statistical approach at all. It is a great sport to bet on in my opinion as fighters don’t fight very often and there are always overreactions to short term results.

When it comes to betting in-play on football. Again I am not using a tonne of statistics but relying on my experience from trading football for many years and watching hundreds perhaps even thousands of markets. 

My sample size of bets over one and a half years isn’t huge at 424, so I can’t get too carried away. If I can double this sample size and maintain over a 10% roi I will be pretty happy.

Although my roi isn’t statistically significant enough to say I have a definitive edge. I am confident that I do have an actual edge in the markets. Towards the end of 2018 I have increased my betting size as my confidence and bankroll increased.

In 2018 I made my biggest ever bet £2000 on Tito Ortiz to beat Chuck Liddell at 1.38. For anyone that saw that fight Tito should have probably been 1.10 or below given how Liddell looked leading up to the fight and during it.

Here are a few bets between November and December 2018

I haven’t done as much pre match trading in 2018 as I have in years past. One of the reasons is I have less time but another reason is that there used to be an exploit with a certain exchange. This opportunity doesn’t seem to be there any more. Given that this exploit has been fixed I can go into more detail about it.

A year or two ago Smarkets used to follow Betfair’s odds movements with a slight delay. In some markets the delay was big enough that you could basically very easily scalp Smarkets odds by having Betfair open and following the movement. Smarkets eventually caught on and to the best of my knowledge this is no longer possible.

However there has still been the opportunity for some pre match trading based on team news and occasionally odds that just have a far greater upside then downside.

Thoughts On 2018 And The Future

2018 was a good year for me personally. Betting and trading wise there was still a lot of opportunities to make money.

Hopefully in 2019 we see a continuation of the betting exchanges fighting for matched bettors and offering 0% commission. As this can make a huge difference to your profits over the course of a year.

Profit margins on casino offers did seem to take a pretty big dip towards the last half of the year. However there is still more then enough value on offer to continue doing them.

In 2019 my main focus will be on my betting and trading. Whilst still doing matched betting/casino offers/value betting. In-play football betting markets are highly liquid and I don’t have to rely on bookmakers, with mixed martial arts betting its a little tougher. Close to fight time Matchbook usually have good prices but getting on early is only possible with bookmakers.

So whilst both of these areas are scalable the football markets will allow much bigger stakes long term.

This blog has kind of ticked over in 2018. I haven’t done much at all with it in the last half of 2018 but it has been nice to see that the traffic hasn’t dropped off too much. I plan on being way more active in 2019 sending out my strongest pre match trades and also straight up bets that I am confident in.

How was your 2018?

Did you hit your targets for the year?

Feeling positive about 2019?

Let me know in the comments below.

Making A Million From Sports Betting And Trading – September 2018 Results

After solid results in August I was hoping I could kick on and deliver another month of decent results in September.

Were the gods of variance kind?

Has the tipster portfolio started to show some profit?

Lets take a look at September’s results.

Matched Betting – Sports Offers, Accumulators, Arbitrage, Value Betting

This month I started each way sniping or each way value betting as it is also known. I have started using smaller stakes at £2.50 each way initially. There is a lot of good information already available on this type of strategy. On the Oddsmonkey forum there is a big forum dedicated to each way value betting.

The strategy involves betting horses above odds of 5.00 that appear with a rating above 97% on the Eachway Matcher software.

You can see in the screenshot below that the horse Senior Citizen is rated at 107.91% so this qualifies as a selection.

Here is an example of the tested results for this strategy using £2 per bet.

Taken from the Oddsmonkey forum.

I did think about recording these results separately. However one of my aims for this year is to be more time efficient. So I am just recording my overall daily results from each way value betting and adding them to this section of the portfolio.

Lets take a look at results from September using matched betting, value betting and arbitrage.

It was a below average month in terms of profit for the matched betting part of the portfolio.

Adding each way value betting this month did not seem to make much impact. I am confident however that in the coming months it will make a significant increase in overall profits.

During September I took part in 246 matched betting offers/arbitrage bets/value bets.

A total profit of £721 was made.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Advantage Play – Casino Offers

Advantage play results followed a similar pattern to the matched betting results.

They weren’t spectacular but at the end of the month a pretty solid profit had been made.

In September I took part in 218 advantage play offers.

A total profit of £1239 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

Trading Results

Again I have had a month were my sports trading has not been a priority and I have done very little.

In September I traded the William Hill flash boosts when I had the time and got on some of Psychoff’s in-play trades.

Trading has been something that I have done less and less as time goes on. Basically between other parts of the portfolio and family life this is the area of the portfolio which is having to be sacrificed.

As my children get older it is something that I will look at spending more time on.

In September I made a profit of £74 from trading.

Sports Betting Results

August capped off my best month ever for sports betting. 

Did I manage to top this in September?

No I didn’t however I did manage to pull out a decent profit at the end of the month.

A succession of In-play winning bets in football allowed a total profit of £561 to be made.

From a total of 27 bets.

The Football Guru Results

Midway through September it looked like it was going to be a pretty decent month for the Football Guru.

However 30 bets later and all of that profit had been lost.

Having played hundreds of thousands of hands of poker and been through thousands of advantage play offers I am pretty good at handling the swings of variance.

It has just become an exercise of data input for the most part.

Which is either quite depressing or somewhat of an achievement depending on how you look at things.

At the end of the month after 117 selections.

A total profit of £127 was made.

Service Used

The Football Guru (Read The Review)

Subscription Cost – £20 a month  (Annual Subscription)

Morning Value Lite Results

The Morning Value Lite service has several years of profit behind it.

Which is something I have to keep reminding myself as it has really struggled since I started following selection.

In total there were 51 selections.

A loss of £85 was made.

Service Used

Morning Value Lite

Summary 

In September I really thought a lot about life balance.

I asked myself the question if I hit my goal of a million in profits what would I change?

The answer was not much.

Spend more time with my children. Put more time into fitness and get back into mixed martial arts training. So after a bit of thinking it seemed that working so hard and spending long hours in front of the computer screen.

In order to achieve a lifestyle that I could already have right now was pretty stupid.

I am still putting a lot of time into my portfolio however I am leaving some value on the table at times to do other things. Goal setting is great but it also important to maintain a healthy balance between other important aspects of everyday life.

September was a good month.

The portfolio results were solid. Being a lot more active has given me a lot more energy overall.

I think that in terms of the overall balance in my life things feel much better.

Results

Matched Betting – Sports Offers

£721

Advantage Play – Casino Offers

£1239

Trading Results

£74

Sports Betting

£561

The Football Guru

£127

Morning Value Lite

-£85

Total Made In September

£2637

Overall Profit 

£35,616

Remaining Target

£964,384

Making A Million From Sports Betting And Trading – August 2018 Results

In the past few months, results have been pretty average.

Exploiting casino offers had not been showing much profit. Profits made from matched betting and arbitrage have been continually limiting the damage.

Well I am glad to say that this month advantage play offers paid off and a good profit was made.

Has it been worth adding two tipsters to my portfolio in an effort to bring in more profit?

Lets take a look.

Matched Betting – Sports Offers, Accumulators, Arbitrage

As usual I will start off with the safest and lowest variance part of the portfolio.

In August I plowed through a lot of the smaller bookmaker sign up offers that I have avoided previously.

It might not seem like a very effective way to spend time. Opening accounts for only a £10 or £5 bonus. However in the long term even from smaller bookmakers. There is added value to be taken from value betting or arbitrage.

In August I took part in 190 offers.

A total profit of £912 was made.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Advantage Play – Casino Offers

The last two months had shown nothing but losses from advantage play offers.

If you trust the Maths and just keep plugging away. Then the profits will start to show.

This was the case in August.

I took part in 117 advantage play offers.

A total profit of £830 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

Trading Results

In August I really didn’t do a lot of trading. I was away on holiday with the family for two short breaks during the month.

Much like last month I caught a few Psychoff trades and traded the William Hill price boosts. However my volume was really low this month as I prioritized spending time with my children whilst they were on holiday.

In total I made 6 trades for a profit of £32

Sports Betting Results

August capped off my best month in terms of profit made for my own sports betting results.

My own betting consists of only betting on football and mixed martial arts.

In MMA my single biggest profit was £172 backing Henry Cejudo at odds of 5.3 to dethrone pound for pound king Demetrious Johnson. Whilst in football backing PSG at 2.0 when they trailing to 1-0 Guingamp produced a profit of £150.

A total profit of £1485 was made in August, from a total of 40 bets

A snapshot of a good run of bets in August

After 358 bets I am running at an roi of 12% which I know isn’t sustainable. However just like the advantage play part of my portfolio. Its important not to get too excited when your running well and not get too disheartened when you run badly.

My approach to sports betting seems to be working. A sample size of 358 bets isn’t enough to say that I have a definitive edge. However I am pretty confident in my ability to find value in these markets.

The Football Guru Results

In August I bet on 41 selections from the Football Guru.

Staking £20 per point advised.

A total of -£350 was lost.

I missed quite a few selections this month due to going away on holiday. Looking at official results it would not changed things by much.

Service Used

The Football Guru (Read The Review)

Subscription Cost – £20 a month  (Annual Subscription)

Morning Value Lite Results

The second tipster that I have added to the portfolio. Is the Morning Value Lite service which is a premium tipster from the secret betting club.

I started betting selections to £50 a point on July the 25th.

At the end of August I had bet on 60 selections.

A total loss of £407.5 was made.

Service Used

Morning Value Lite

Summary 

August was a good month. Results were solid throughout the whole portfolio with only the two tipsters showing a loss. I got to go away on holiday twice with the family but still managed to grind out a decent amount of volume.

This month I have been thinking about my long term goals. My ambition is to reach a point of financial freedom and security using this portfolio as the catalyst.

I have been looking at other passive ways to invest my profits. So far peer to peer lending looks like one of the best choices. If anyone has a lot of experience with peer to peer lending. Would be good to hear your advice in the comments section or send me an email.

Lets take a look at overall results for August.

Results

Matched Betting – Sports Offers

£912

Advantage Play – Casino Offers

£830

Trading Results

£32

Sports Betting

£1485

The Football Guru

-£350

Morning Value Lite

-£407.5

Total Made In August

£2501.5

Overall Profit 

£32,979

Remaining Target

£967,021

Making A Million From Sports Betting And Trading – July 2018 Results

After renaming my monthly betting and trading reports, it would have been nice to storm out of the gates with a large profit.

Unfortunately the gods of variance don’t really care about what you’d like to happen.

July ended up being a pretty disappointing month in terms of overall profit.

Matched Betting – Sports Offers, Accumulators, Arbitrage

Starting off with the backbone of my portfolio. The lowest risk and pretty much guaranteed method that will churn out a decent profit month after month.

On months like July when other methods produce a loss. There is always the comfort that matched betting and arbitrage will lessen the damage.

In July I took part in 192 offers.

A total profit of £893 was made.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Advantage Play – Casino Offers

In June I lost -£355 after 139 casino offers.

I was hoping that this might turn around in July and a decent profit would be made.

However that was not the case.

In July I did 137 advantage play offers.

For a total loss of -£317

It is important to note that you need to take a long term view with advantage play.

Whilst it isn’t nice putting in the hours over a two month period and seeing a loss of -£672.

My overall profits since I started casino overs exceed £20,000

Its just a case of trusting the maths and grinding through these losing periods.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

Trading Results

In July I started to trade the horse racing again.

No short term scalping looking more at long term positions throughout the morning.

The William Hill flash boosts at 12.00 everyday normally provide a good opportunity.

There was also the usual mix of my own pre match trades and a few I managed to catch from Psychoff.

In total I made 21 trades.

A profit of £339 was made.

Sports Betting Results

These are my own personal bets.

Bets placed with tipsters I will get into later.

In July I made a total of 17 bets.

A profit of £132 was made.

Some of the bets I made in July

The Football Guru Results

The Football Guru is a tipster that I have decided to follow after proofing selections for over a year.

Staking £20 per point advised.

I don’t bet the Football Guru’s goliath or accumulator selections. 

Although these have made some big profits going over his historical results.

I prefer to limit the variance and back the selections as singles.

If a selection is a advised as a double will I place it, mainly to vary my betting patterns with bookmakers.

In July there were 45 selections

A profit of £165 was made

Service Used

The Football Guru (Read The Review)

Subscription Cost – £20 a month  (Annual Subscription)

Morning Value Lite Results

The second tipster service that I started following towards the end of July.

Is the morning value lite service which is a premium tipster service from the Secret Betting Club.

Long term results for this service are very impressive.

I started backing selections to £50 a point on the 24th of July.

Rather then post up results for a few days I will add these to August’s results where there will be a larger quantity of bets.

Summary 

Overall July was a below average month. The addition of two tipsters along with casino offers is probably going to see more volatility from month to month.

It will be interesting to see how results look at the end of a full year compared to the low risk approach I took last year.

Results

Matched Betting – Sports Offers

£893

Advantage Play – Casino Offers

-£317

Trading Results

£339

Sports Betting

£132

The Football Guru

£165

Total Made In July

£1212

Overall Profit 

£30,478

Remaining Target

£969,522