Making A Million Betting Challenge Archives - Page 5 of 5

Making A Million From Sports Betting And Trading – August Results

August was the month I had been waiting for.

Everything seemed to go right, I was on the right side of variance for casino offers and my own trading/betting went well.

At times this year I had questioned whether I should look at putting my time into other things.

This month though validated that if you have profitable methods and solid staking. Then so long as you put in the volume, the results will come eventually.

Matched Betting – Sports Offers, Arbitrage, Value Betting

I did my usual matched betting, arbing and value betting with soft books and continued betting in the Asian markets.

Betting in the Asian markets has gone well the only annoying part is actually funding the account. This is due to fees using an ewallet and then fee’s that the broker I use has added to depositing and withdrawing.

However given there is no commission on bets, very tight margins and often superior odds then Betfair (after commission.)

It is still worth while, it just means that I have to avoid moving money in and out of the account to often.

I will look at putting up a review of the broker that I use soon.

As I know betting in the Asian markets is something a lot of people are interested in. But much like myself have been or are still wary of using brokers.

I made a total of 377 bets in August.

A total profit of £1049 was made.

(This month I managed to negotiate a free one month trial of Rebelbetting’s value betting software. So if this interests you, use the link below. This software usually costs £61 a month.)

Services Used

RebelBetting Value Betting Software (Readers Of This Blog Can Get A Free Month Trial If You Click Here)

Subscription Cost – £61 a month (Monthly)

Oddsmonkey (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

I had an interesting email this month. From someone that had lost money doing casino offers. They wrote that I fabricate my casino results and I actually work for bookmakers and casinos. Apparently all of the strategies are bulls*** and you will lose money doing any of them.

So yeah obviously that’s not true (no bookmaker affiliate is advising matched betting or arbitrage for example) and I think that most people that read this blog understand variance and advantage gambling in general.

But because of that exchange I have thought it wouldn’t hurt to add some more screenshots of doing offers this month and a video.

Just to show that I am actively doing casino offers and although you can lose money short term. In the long term there is still a massive edge doing these.

The video below is where I hit 20 free spins with a 10x multiplier doing £2 spins on Halloween Fortune.

I was pretty excited when this hit and thought that it could have lead to one of my biggest casino wins ever. If the casino gods decided to favour me.

You can see the result below.

So despite the casino gods not handing out a mega win on Halloween Fortune. I still ran very well on casino offers this month and a decent profit was made overall.

Last month I lost over £1000 pounds doing casino offers, so it was a good feeling to have a month where it flipped the other way.

In August I completed 157 offers.

A total profit of £2439 was made.

(Another deal I have for readers of this blog is a half price month with Bonus Accumulator. This is the service I use to highlight and exploit profitable casino offers. The link below will take you to my review of Bonus Accumulator. This will give you more information about the service and also give you the first month for half price.)

Service Used

Bonus Accumulator (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Sports Betting Results

Sports betting went well this month.

The biggest individual bet that I had was on Marlon Vera to beat Sean O,Malley in a UFC bout.

Again fortune favoured me this month as O’Malley’s leg gave out early in the fight (Due to a leg kick) and he folded pretty quickly after that.

This month I made a total of 20 bets.

A profit of £810 was made.

Below are the majority of bets made in August.

Trading

Trading also went well this month.

Not a huge amount of volume but I did some pre event trading on the UFC this month. Alongside a little bit of pre match football trading.

I ended up hedging the above for a profit across all outcomes just before the fight.

A total of £126 was made from trading.

Thoughts Going Forward

August was a really good month overall in terms of profit made. I am always mulling over adding new tipsters or services and I am still tracking results for a few that look promising.

However at the moment and with my venture into the Asian betting markets. I am happy to keep doing what I’m doing and reassess things in a few months time.

This month I put out a new video on Youtube which you can view below.

Watch this video on YouTube

Youtube is something that I have not really focused on, I made a few videos just out of interest really to see how they would do.

But despite not really doing that much with the channel, it has grown organically. So in the future, I want to be more consistent with content output. Put videos out on a weekly basis and see where it goes.

My plan would be to also branch out of just creating content related to the sports betting markets but also talk about creating other income sources (this blog for example.) Then using these revenue streams to work towards financial independence and earlier retirement.

If any of that interests you, you can subscribe to the channel in the link below.

Smart Sports Trader Youtube Channel

Let me know in the comments how you get on in August.

Results

Matched Betting – Sports Offers

£1049

Advantage Play – Casino Offers

£2439

Trading

£126

Sports Betting

£810

Total Made In August

£4424

Overall Profit Since The Challenge Began

£90,945

Remaining Target

£909,065

Making A Million From Sports Betting And Trading – July Results

July was a frustrating month at times but also a productive one as I found a new edge in the sports betting markets.

We are now into August and looking at my results I am way under last years profits.

Last year after 6 months I had made a profit of £19,549.

In 2020 after 6 months my profit for the year stands at £7152.

I haven’t really done anything different from last year so the disparity in profits is probably a lot to do with variance.

Obviously the Corona virus has also been a factor. I do think however that I have not really grown as a sports bettor/trader with my trading in particular not being great this year.

Anyway enough rambling let’s take a look at the results and see if a decent profit was made in July?

Matched Betting – Sports Offers, Arbitrage, Value Betting

As I wrote earlier although at times this month was frustrating, I also found a decent edge in the markets.

This was in relation to arbitrage and value betting.

In July I spent lot of time betting with the Asian bookmakers and working out if I could find an edge in these markets which I did.

Also having access to Asian bookmakers opened up a lot more arbitrage bets which I took advantage of. I plan to write an article about how to bet with the Asian bookmakers and also will go into some of the value betting strategies that I found.

I made a total of 529 bets in July.

A total profit of £1473 was made.

Services Used

Oddsmonkey (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Advantage Play – Casino Offers

The casino gods decided to flip the switch this month and for the most part it felt like I was just donating money.

On the last day of the month I managed to get a decent win to limit the damage.

However for the majority of the month it really did feel like I wasn’t allowed to win.

But if you are looking to make money from casino offers or sports betting for that matter. You have to accept that these losing runs are going to happen.

It’s beyond your control so there is no point in getting annoyed by it because its an inevitability that its going to happen.

In July I completed 142 offers.

A total loss -£1003 was made.

Service Used

Bonus Accumulator (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Sports Betting Results

Only 15 of my own personal bets were made in July.

At the end of the month a profit of £640 was made.

Misc

In this section I will include profit/loss from other methods that I don’t record in as much detail as the above. It gets added to my daily P/L but I don’t record them separately.

This included some trading that I do on the exchanges. Along with bets that I have made for tipster reviews. (I covered two of these tipsters here)

Once my children are back at school in September I do plan on spending much time sports trading. But at the moment my approach is a bit scattered.

This month I made £135 in profit.

Thoughts Going Forward

Another month where profit was made but way below last year’s average.

On one hand I’m a little disappointed by how things have gone this year. But on the other I have spent a tonne of time with my family and taken way more days off.

A big part of being happy in life is about balance.

Having two young kids at home 24/7 since April does mean I have spent way less time in front of the computer then I normally would.

However that’s time that I can easily get back when they are older and less likely to want to spent time playing “Tig” with the dad.

So ultimately even though at the end of the year I imagine profits are going to be much lower then last years total. It’s easy to become short sighted and think that this profit figure is more important then it actually is.

At the end of the day its only a number and nothing in my life will drastically change because of it.

Results

Matched Betting – Sports Offers

£1473

Advantage Play – Casino Offers

-£1003

MISC

£135

Sports Betting

£640

Total Made In June

£1245

Overall Profit Since The Challenge Began

£86,502

Remaining Target

£913,498

Making A Million From Sports Betting And Trading – June Results

June was a good month.

It seems like things are getting back to normal and the return of regular sport was a welcome one.

I did miss it, its nice to have busy Saturday’s back where I’m firing off value bets everywhere and tallying everything at the end of the day. Might be the degenerate gambler side of me that still remains but I do like having lots of action on.

Horses, football, UFC I love it when the weekends are packed.

Anyway lets take a look at the results from June.

Matched Betting – Sports Offers, Arbitrage, Value Betting

June saw the return of the Bet365 bet £50 get £50 in-play offer.

Which is one if not the best recurring matched betting offer that still gets thrown out from time to time.

The Ascot horse racing festival was also in June and helped a poor start to the month turn around.

I made a total of 495 bets in June.

A total profit of £1247 was made.

Services Used

Oddsmonkey (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Bookie Bashing

Advantage Play – Casino Offers

I did nearly 100 less offers in June compared to May.

Which I was quite surprised about when I went over the results for the month.

Didn’t do many sign ups this month and the increase in sports probably was a factor.

As a result the month end P/L was solid without being spectacular.

In June I completed 145 offers.

A total profit £341 was made.

Service Used

Bonus Accumulator (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Sports Betting Results

During June I made 11 bets and made a total profit of £235.

Not much to say really other then I need to stake more on MMA betting (Which I stated in last months update but didn’t apply.)

I know that is where my biggest edge is and has been for a years. After using some of my bankroll for building work for my house. I have been overly cautious with my staking and that is something I need to address.

Misc

Looking at my day to day results and the one recorded here.

I am -£123 less, not sure why to be honest. At a guess it is probably from following a few unrecorded tipster bets.

Thoughts Going Forward

As things return to a more normal state.

I will look to resume with the services I was previously using, which were Trade On Sports and FTS Racing. Have also been tracking a few tipsters that look very promising in the past few months which should also be solid additions.

Have to admit have the kids at home 24/7 has lead to a less structured approach with my betting and trading. Personally I thrive on structure so things do seem a little scattered at the moment and is one of the reasons I haven’t done any trading.

However overall I am happy with this month’s results.

Results

Matched Betting – Sports Offers

£1247

Advantage Play – Casino Offers

£341

MISC

-£123

Sports Betting

£235

Total Made In June

£1720

Overall Profit Since The Challenge Began

£85,257

Remaining Target

£914,743

Making A Million From Sports Betting And Trading – April Results

So the lock down continues, with very little sport going on.

There is still football in Belarus and Nicaragua, horse racing from Australia and America.

However opportunities have been few and far between this month with casino offers being really the only way to make some profit this.

May does look like it might improve on a sporting front.

The UFC are running 3 events this month, Bundesliga could return. Looks like the Korean football league will be going ahead.

So there should be some more opportunities for matched bettors, sports traders and value bettors.

Hopefully things will return to some sort of normality in the near future.

Speaking of normality on to the monthly results.

(If you prefer video, I did an update this month on Youtube)

Watch this video on YouTube

Advantage Play – Casino Offers

In April I did 213 offers.

A total profit of £1022 was made.

Not a lot to comment on really.

Did quite a few reload offers and 10-20% cashback offers. Unibet and Betvictor have been pretty generous this month with low risk/low value offers.

Happy with the results and the volume.

If you are still not taking advantage of casino offers and interested in leaning I have linked a video and article below which should be helpful.

Article – Make Money From Casino Bonuses

Video – How I Profit From Casino Offers

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month (Annual Subscription)

Results

Advantage Play – Casino Offers

£1022

Total Made In April

£1022

Overall Profit Since The Challenge Began

£82,381

Remaining Target

£917,619

Thoughts Going Forward

Like I wrote earlier it does look like May will improve on a sporting front.

Not thought really too much about my own trading and betting.

Opportunities still might be quite limited in the near future however at the end of the day this challenge of mine is pretty irrelevant with everything going on right now.

There are and will be a lot of people struggling with a variety of issues going forward.

So on that note keep safe and thanks for reading.

Making A Million From Sports Betting And Trading – March Results

March 2020 what a month.

At the beginning of this month things were pretty normal. There was a bit of a worry about this virus in China but there has been rumblings of this type of pandemic before.

And it never happened.

However by the end of March it all became pretty real.

My own approach has been to try and carry on as normal as possible.

Which means the monthly update is due, Lets take a look at March’s results.

In the making a million from sports betting and trading challenge.

Matched Betting – Sports Offers, Arbitrage, Value Betting

Its pretty crazy to think that Cheltenham happened at the beginning of this month.

Feels like a long time ago now.

Although Irish racing did carry on for a little while there wasn’t much to bet on by the end of the month.

So despite Cheltenham it wasn’t a huge month for me although results were still pretty solid.

In March there were 351 matched betting offers and value bets.

A total profit of £700 was made.

Services Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Bookie Bashing

Advantage Play – Casino Offers

Next up is casino offers.

Which is probably going to be my only focus until we get some news on sport returning.

I did think with pretty much all sports being cancelled we might see an influx of decent casino offer. If I am honest though I haven’t seen a huge difference. There does seem to be a few more lower value offers coming up though.

In March I did 200 offers.

A total profit of £1378 was made.

If your interested in profiting from casino offers I put up two new pieces of content this month.

Article – Make Money From Casino Bonuses

Video – How I Profit From Casino Offers

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month (Annual Subscription)

Sports Betting Results

There has been a pretty clear pattern emerging with my sports betting results.

That pattern is that I am losing pretty consistently.

I don’t bet a lot of volume and it could just be that I am running bad (which is what I want to think.)

Or could be that I am losing my edge on the markets that I was beating pretty consistently in previous years.

This month I made 10 bets.

A loss of -£730 was made.

Trade On Sports

Short month for the Trade On Sports service.

Currently my subscription to this service is on hold until football and tennis resume.

Lets take a look at the results from the 2 systems that I currently follow.

Staking £50 per selection.

Tennis Results – 4 selections in January, a profit of £223 was made.

Staking £102 per selection.

Inplay Football Results – 4 selections a profit of £88 was made.

Total – £311

Service Used

FTS Racing

After a really poor February I was hopeful that FTS Racing might find some form in March.

Unfortunately it was another bad month for FTS racing which got cut short due the cancellation of racing.

After losing £885 last month this was a bit of a kick in the balls.

But I know that these draw downs can happen in betting although I can recognise it can happen it still stings a little.

FTS Racing Results – -£584

Service Used

Trading

Traded very little this month with football being abruptly stopped.

Managed to get a few trades on at Cheltenham when I thought there were a few obvious opportunities where the risk vs reward ratio was very good.

A profit of £163 was made from my own trading.

Whilst things were quiet this month I got a chance to read the new cricket trading guide released by Caan Berry.

If your interested in cricket trading you can read my thoughts here.

Results

Matched Betting – Sports Offers

£700

Advantage Play – Casino Offers

£1378

Trade On Sports

£311

FTS RACING

-£584

Trading Results

£163

Sports Betting

-£730

Total Made In March

£1238

Overall Profit Since The Challenge Began

£81,359

Remaining Target

£918,641

Thoughts Going Forward

For a while now I have been thinking about trying to automate more of my betting.

In my 20’s I was fine which grinding out day after in front of the computer. Now though in my 30’s and with a young family I feel like to want invest less time in front of the computer.

So when sport does return that is going to be a focus of mine.

The current lock down has given me a lot of time with my kids and I do realize that whilst they are young and enjoy spending time with me. I really should make the most of that.

Because I know that if future years that’s probably not going to be the case.

How did your betting/trading go in March and how do you plan on going forward when this is all done with?

Let me know in the comments?

Making A Million From Sports Betting And Trading – February Results

Last month wasn’t the best start to the year as a very small profit was eeked out by the end of January.

It was nice to start a new month, February was a month where I was determined to make some progress towards the £1,000,000 profit target.

Lets take a look at how things went.

Matched Betting – Sports Offers, Arbitrage, Value Betting

Its been a really good month from a value betting perspective.

Again very little matched betting going apart from the Bet365 inplay offer.

I did ramp up my sports arbitrage betting this month hammering a Mr Green account.

Didn’t land any 2ups with Bet365 which are always a good earner.

In February there were 348 matched betting offers and value bets.

A total profit of £2023 was made.

Services Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Bookie Bashing

Advantage Play – Casino Offers

On to the casino results.

Got to admit this month I to start to feel quite jaded about grinding out casino offers.

It just becomes pretty mindless and unfulfilling when you do it day after especially when you go through tough periods.

On the flip side though you can still a get a decent hourly return. There are people in this world doing hard labour for much much less and I am/was probably being a bit of a pussy.

Imagine telling some poor guy working in North Korean labour camp about feeling jaded making £25+ an hour playing casino games.

That thought quickly puts things in perspective.

In February I did 256 offers.

A total profit of £1192 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month (Annual Subscription)

Sports Betting Results

Very low volume of sports bets this month.

Which was probably a combination of being unwell for a few weeks and the fact that I can’t seem to turn this bad run around at the moment.

Only 11 bets were made in February for a total loss of -£57.

Trade On Sports

Coming up to nearly six months with the Trade On Sports service now.

Its a service that I like but my results haven’t been the greatest lately.

Lets take a look at the results from the 2 systems that I currently follow.

Staking £50 per selection

Tennis Results – 39 selections in January, a loss of -£677 was made.

Staking £102 per selection.

Inplay Football Results – 22 selections a loss of -£248 was made.

Total – -£925

So overall I am pretty much breakeven with TOS after a really strong NFL season where a profit of £920 was made.

(Trade On Sports official results will be different to mine due to missed bets, different prices taken on tennis.)

Below are the results in graph form since starting to follow the service.

Stick Or Bust?

Despite going through a rough period of results, I still intend to stick with Trade On Sports.

My initial plan was to go with the service for a year and then reasses things.

There is a plan in place that will enable the automation of the strategies that I follow.

Which would be a big plus for me and put aside the issue of missing out on selections due to family commitment etc.

Plus I know from the excellent blog daily25 that in sports betting there will be losing periods.

Even with services that are profitable long term. That’s just the reality of betting and something you have to come to terms with if you want to win long term.

Service Used

FTS Racing

Next up is FTS racing service which provides Betfair SP selections.

I have also included Ian’s horse racing podcast selections in the results.

Not a pretty graph.

Still early days with this service but a bloodbath in February puts the service into a negative overall now.

However again my plan is to stick with it for a full year and see things out before making any changes.

I think a lot of people jump on and off services very quickly. But your never going to time things perfectly and hit the good patches of variance each time.

Just got to ride it out and look at things over the longer term.

FTS Racing Results – -£885

Service Used

Trading

My own trading this month was solid if not spectacular.

I mentioned being unwell for a few weeks and from experience have found its best to leave the markets alone if your not feeling very sharp.

A profit of £488 was made from trading.

Results

Matched Betting – Sports Offers

£2023

Advantage Play – Casino Offers

£1192

Trade On Sports

-£925

FTS RACING

-£885

Trading Results

£488

Sports Betting

-£57

Total Made In February

£1836

Overall Profit Since The Challenge Began

£80,121

Remaining Target

£919,879

Thoughts Going Forward

It was nice to get a decent winning month in after January.

Hopefully the services that I follow will have stronger months going forward, which could push me through the £100k in total profit mark before the end of the year.

Happy with the amount of volume I put in this month.

Another high point was that I had the opportunity to write an article for Asktraders.com which was really cool.

You can read that article here.

Not much else to add really my betting/trading has become pretty rigid and boring nowadays but thats probably a positive.

Listened to a few interviews with Harry Findlay this month.

Thought it was interesting as he talks a lot about getting a “buzz” from betting still.

I’ll will be honest that something that i don’t get at all anymore.

Compared to when I started and every bet seemed to really matter.

Lets see what March brings, how has your betting been going on in 2020?

Let me know in the comments below!

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)

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)

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.

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