Making A Million From Sports Betting And Trading – March 2021 Results

Making A Million Challenge

This year started strong with January and February showing decent profits.

The sporting schedule is jam packed at the moment, with Euro 2021 this summer its going to be an interesting year.

During March we had Cheltenham festival which in previous years had been very profitable.

March brought me to exactly four years of running this challenge.

Although still far away from the £1,000,000 target it does show that having a few solid strategies does pay off in the long run.

Making A Million

Let’s take a look at results from March.

Value Betting, Matched Betting And Arbitrage 

This month saw the Cheltenham festival which a few years ago was like Christmas for matched bettors. There were offers all over the place. Online and in shops, there were people that would make thousands of pounds in profit from Cheltenham when I first started.

Well I got crushed this year.

There were some decent offers available with Speadex in particular running a nice offer.

However I chose to value bet everything. Rather then cover the other side on the exchanges, in the hope that I would trigger a free bet.

Value Betting Results

A slight recovery was made at the end of the month.

But overall March was a pretty flat month for this set of strategies.

In March there were 407 bets.

A total profit of £157 was made.

Learn About Matched Betting And Value Betting Below

Matched Betting Guide

Value Betting Guide

Advantage Play – Casino Offers

Casino Offer Results March

The second month in a row were volume was pretty low.

A few recurring offers were not running such the “Double Your Winnings” offer that Bet365 normally run.

Only got a few cashback and reload offers.

So overall things were pretty quiet on the casino offers front.

Again this month I didn’t branch out and actively look for new sign ups, however it does seem like there has been a reduction in decent offers the last two months.

Hopefully things pick up in April.

There were 61 offers completed in March

A total profit of £371 was made

Sports Betting Results

It was my own sports betting results which saved this month from being a pretty poor.

I continue to run well betting on MMA and was profitable with some in-play betting on football this month.

During March I made a total of 20 bet.

A total profit of £983 was made.

The Basketball Geek Results

March will be the last month of following the Basketball Geek.

Whilst it has been profitable following his selections.

He seems to be focused almost exclusively now on very small leagues.

Betting on women’s Russian basketball, Senegal basketball and Polish second division is going to burn accounts pretty quickly.

This month I did try following only the larger league selections and matches that were available on Betfair.

But as you can see volume was pretty low.

There were 18 selections in total.

A profit of £56 was made

Read Our Review Of The Basketball Geek Below

Basketball Geek Review

Free Tipster Experiment

March saw the continuation of the free tipster experiment.

The idea is to take the best free tips available from a number of different sources and see if its profitable long term.

Staking is very simple, I look to win around £50 for each selection.

It was an up and down month for the free tipster experiment but overall it ended in profit.

There were 212 selections.

A total profit of £296 was made.

Below is a list is a list of the tipsters used.

Nigel Seeley – Twitter, Trademate Podcast.

George Gamble – Twitter, Trademate Podcast.

Mark O,Haire – Twitter, Matchbook Podcast.

Demtrio Giotti – Smart Betting Club Free Tipster.

Lucky Pucks – Smart Betting Club Free Tipster.

Bassie Bets – Smart Betting Club Free Tipster, Betmarkets.

Neil Macdonald – Twitter, Betmarkets.

Lehotka Botond –Twitter, Betmarkets.

Miguel S – Betmarkets.

Sergio P – Betmarkets.

Trading 

MMA trading

March was a decent month on the trading front.

Managed to build up a decent position on Francis Ngannou pre fight in his fight against Stipe Miocic. The idea was then to reduce my liability after round 1. Then completely exit the trade after round 2 were he was likely to start slowing down.

Ngannou put on a spectacular performance and ended up finishing the job in the second round via knock out.

Overall a total of £432 was made from trading.

Thoughts Going Forward

This year has got off to a great start, if things continue this way it looks like I could get over £30k in total profit made within a year.

Which would be a nice mile stone to get over.

Although things can change very rapidly in betting and a few poor months could make that look pretty unrealistic, time will tell.

There will be a new addition to the portfolio next month.

Which will be Neil Macdonald’s football picks.

Been tracking these since the 17th of February and also using Neil’s picks from Betmarkets for a while.

He tips in major European football leagues which have big liquidity.

So unlike the Basketball Geek odds don’t get hammered in minutes and I can use the sharps/exchanges to get my bets on fairly easily.

His long term record is excellent.

So I do think that going forward this will be a profitable addition.

Click Here To Read More About Neil Macdonald’s Service.

Results For January

Value Betting, Arbitrage, Matched Betting –

£157

Advantage Play – Casino Offers

£371

Trading

£432

Sports Betting

£983

The Basketball Geek

£156

Free Tipster Experiment

£296

Making A Million Challenge

Total Made In March

£2295

Overall Profit Since The Challenge Began

£111,460

Remaining Target

£888,540

Services Used

In this section is a list of the services that I have used this month. To be transparent I do have affiliate deals with these services.

Which means should you subscribe to them through a link on this site I will receive a commission.

This does not come at any additional cost to you. In fact with some of these services I have negotiated discounted prices for readers of smartsportstrader.com.

Recommended For Matched Betting/ Value Betting/ Arbitrage

Oddsmonkey Matched Betting And Arbitrage Software (Click Here For A Free Trial)

Subscription Cost – £12.50 a month (Annual Subscription)

If you comment “Smart Sports Trader” in the chat when you sign up for a Trademate Sports trial. You will get an extended two week trial and also a 10% discount off your first month.

Trademate Sports Value Betting Software –  Click Here For A Two Week Trial

Subscription Cost – £110 a month (Monthly)

Recommended For Exploiting Casino Offers

(Readers of smartsportstrader.com can get the first month half price using the link below)

Bonus Accumulator (Click Here)

Subscription Cost – £12.50 a month  (Annual Subscription)

Making A Million From Sports Betting And Trading – January 2021 Results

It’s been a good start to 2021 on the betting front.

Nearly everything made a profit and I continue to run well on casino offers.

Not much else to add really, with lockdown things are pretty boring but having betting stuff to do on a daily basis keeps things ticking over.

Let’s take a look at the results from the first month of 2021.

Making A Million From Sports Betting

Value Betting, Matched Betting And Arbitrage 

Last month was a losing month for this set of strategies and value betting especially struggled again early on.

I do very little matched betting now apart from Bet365 offers and a small amount of arbitrage.

Which is much less now as the account I was mainly using for arbitrage has put a loss limit of £200 a month on my account.

This bookmaker normally gives very small arbs which I had been happy to take. However now I can only stake £200 for example on a 1.33/1.32 arb. Which is pretty annoying especially if it loses and I have to leave the account alone for a month.

My hope is that this does not becoming the norm for sports betting in the UK.

So its pretty much 90% value betting at the moment which opens you up to variance.

The upswing at the end was due to winning a 2up bet on Kilmarnock (This is when Bet365 pay out if a team leads 2-0, if the team blows the lead which Kilmarnock did you get paid out on both your win bet and lay bet.)

This is a matched betting strategy, click here to learn more about matched betting.

In January a total of 303 bets were made in.

A total profit of £538 was made.

Learn About Value Betting And Arbitrage Below

Arbitrage Betting Guide

Value Betting Guide

Advantage Play – Casino Offers

The casino Gods were kind again this month despite a drop in volume.

I do feel like I am running pretty well at the moment with casino stuff and imagine that a correction will happen in the near future.

However when the good times come you have to enjoy them.

There were no major wins this month, just a few similar to the one below which all added up at the end of the month.

During January I did 101 casino offers.

A total profit of £1007 was made.

Sports Betting Results

January was a really good month for my own personal sports bets, which focus mostly on the MMA markets.

Again I felt like I got some good luck this month.

Split decisions went my way and a few prop bets with big odds came in.

In total there were 22 bets in January.

A profit of £858 was made.

The Basketball Geek Results

I like the Basketball Geek but it is becoming harder and harder to get close to the quoted odds.

The Basketball Geek sends selections at 8.00, I am normally betting them within 10 minutes at most but it does not seem quick enough at the moment.

Going to continue with this tipster because results have been excellent and perhaps start looking to leave prices up on the exchanges or see later in the day if prices bounce back.

This month I bet 60 selections.

A loss of £112 was made.

Read Our Review Of The Basketball Geek Below

Basketball Geek Review

Free Tipster Experiment

The free Tipster Experiment continued in January and results were good.

It’s a simple concept, I have looked to find some of the best free tips available and I stake to win around £50 each time (Not always exactly £50).

Always taking at least the recommended odds.

The tipsters that I am following tip selections that can be bet on using Asian Connect or with the betting exchanges.

Not choosing any tipsters that are using solely soft bookmakers as I want to be able to get on bets without the worry of restrictions.

The hope is that if its shows to be profitable, I will be able to scale it up.

Most of the profit came from a strong last weekend of the month.

Nigel Seeley from the Trademate podcast had a cracking end to the month and Demetrio Giotti from SBC was another tipster that did really well.

I am also taking bets from a few football tipsters on Betmarkets that tip in the bigger leagues. Who also finished the month strong.

Be interesting to see if this will be a profitable long term strategy. Would like to get to at least a thousand bets before I break things down into average odds, roi etc.

I often miss bets and its not the most refined strategy yet but next month I will write up a list of all the tipsters I am using.

In total there were 128 bets in January.

A profit of £716 was made.

Trading 

Didn’t do a whole lot of trading in January.

Home schooling is taking up a lot of time during the week and at the weekend I am normally pretty busy value betting.

Made some profit trading Mcgregor vs Poirer in the days leading up to the event as it was pretty much one way traffic on Mcgregor up until fight day.

Overall it was a pretty uneventful month on the sports trading front.

In January I made a profit of £202 from trading.

Thoughts Going Forward

Overall it was a really good start to 2021, with the monthly profit being above average.

My long term plan is and has been for the last several years to use sports betting and trading as a way to reach financial independence. 

Fingers crossed that regulation doesn’t get in the way and this goal continues to look achievable.

In terms of strategies and services used I don’t intend to change much. 

Like I wrote earlier I will carry on with the free tipster experiment and assess things after a few more hundred bets. 

All the other strategies are proven to be profitable so its just about getting as much turnover in these area’s as possible.

Betmarkets Results

I have a long term investment in Betmarkets which isn’t doing very well at the moment. 

My £1000 initial investment is down around £200.

However I have seen with my own value betting drawdown periods and the people behind Betmarkets have made it clear Betmarkets is a long term investment. That should be looked at in a similar way as an index fund would.

So its not something to tinker with every month and dip in and out of.

Happy to leave it for now and then revaluate things in a few more months.

Results For January

Value Betting, Arbitrage, Matched Betting –

£538

Advantage Play – Casino Offers

£1007

Trading

£202

Sports Betting

£858

The Basketball Geek

-£112

Free Tipster Experiment

£716

Total Made In January

£3209

Overall Profit Since The Challenge Began

£106,340

Remaining Target

£893,660

Services Used

In this section is a list of the services that I have used this month. To be transparent I do have affiliate deals with these services. Which means should you subscribe to them through a link on this site I will receive a commission. This does not come at any additional cost to you. In fact with some of these services I have negotiated discounted prices for readers of smartsportstrader.com.

Recommended For Matched Betting/ Value Betting/ Arbitrage

Oddsmonkey Matched Betting And Arbitrage Software (Click Here For A Free Trial)

Subscription Cost – £12.50 a month (Annual Subscription)

If you comment “Smart Sports Trader” in the chat when you sign up for a Trademate Sports trial. You will get an extended two week trial and also a 10% discount off your first month.

Trademate Sports Value Betting Software –  Click Here For A Two Week Trial)

Subscription Cost – £110 a month (Monthly)

Recommended For Exploiting Casino Offers

(Readers of smartsportstrader.com can get the first month half price using the link below)

Bonus Accumulator (Click Here)

Subscription Cost – £12.50 a month  (Annual Subscription)

Tipster Spotlight – July

At Smart Sports Trader the aim has always been to find methods/strategies/ways to make money from the sports betting and casino markets.

Covering matched betting, arbitrage betting, value betting, sports trading and exploiting casino offers

We have shown that there are various ways of taking on these markets and profiting from them.

As a new feature of the website we are going to be looking at some of the most promising betting tipsters from around the internet.

Let’s take a look at the tipsters featured in July’s tipster spotlight.

STAHObettor

Stahobettor

Stahobettor is a tipster that focuses on the Polish football markets.

Providing tips for a variety of different Polish leagues and a variety of different markets.

Currently they offer free selections through Telegram, you can find Stahobet on twitter at https://twitter.com/SObettor

Stahobettor Results

From the start of June Stahobettor has produced a small profit with a 4.2% after 52 bets.

Which doesn’t look that impressive on first glance but it is a very small sample size.

 

Stahobettor Results

Stahobettor is definitely a quality over quantity tipster.

The most impressive part of his selections are the reasoning behind the bets and his knowledge of Polish football.

Stahobettor is often able to crush the closing line by large amounts due to his knowledge and the information he receives.

Here is an example below.

This bet was tipped at 2.2 which Betvictor however I took it a little later with Asian Odds.

Podbeskie

Here is the market on Betfair shortly before the game began.

Stahobettor Betfair

This selection wasn’t a one off as Stahobettor has been consistently able to tip selections that would close at a much shorter price.

The ability to do this over and over again is a big indicator that a tipster is going to be profitable.

In my opinion Stahobettor is easily one of the best free tipsters I have come across on the internet.

Are Soft Bookmaker Accounts Needed?

For some of Stahobettor’s selctions you will need soft bookmaker accounts. 

Some selections for example were only available at Bet365, like with most tipsters having access to soft bookmakers allows you to get the best price possible.

However not all selections require soft bookmakers especially in the Polish Ekstraklasa (Top Division) where I found I could bet with Asian Odds or the exchanges.

Conclusion

Stahobettor is an excellent tipster.

If you follow his bets then it is likely your soft bookmaker accounts will be limited eventually.

However that is not a negative it is just the reality of betting with these bookmakers, if you are profitable then they don’t want you as a customer.

Also as stated above you can still follow some of his selection using the betting exchanges and Asian bookmakers.

Stahobettor gets a recommendation from me as I have little doubt that long term you will make money following his selections.

Stahobettor Twitter

The Basketball Geek

The second tipster that we looked at in June was the Basketball Geek from the Betting Gods platform.

As you expect from its name this tipster focuses specifically in the Basketball markets.

Basketball Geek Results

Since the beginning of June there have been 207 bets with a profit of £218 to £10 stakes.

Something Betting Gods have been guilty of in the past is having very wide variable staking with some of their previous tipsters. 

Which resulted in some tipsters staking 10 points on selections at odds of 9.00 then following that with a 1 point stake on a selection at odds 2.0. 

This didn’t make a lot of sense and lead to questionable long term roi figures that were heavily influenced by one or two big odds selections winning. 

So it’s nice to see a tipster with level staking.

The majority of tips are on handicap lines and the over/under market however there is occasionally a 1×2 selection at higher odds.

Are Soft Bookmaker Accounts Needed?

Much like Stahobettor these selections are not in markets with a lot of liquidity so soft bookmaker accounts are a big benefit.

Bet365 probably being one of the most important as they are generally slower to lower there odds.

If you are quick to bet selections. I have often been able to match the quoted odds using Asian bookmakers.

Having looked at Betting exchanges there is often very little money in the markets so that doesn’t look like a viable way of betting these selections.

The Basketball Geek sends out selections at 08.00 everyday with the odds available at a number of bookmakers.

Odds do tend to generally shorten throughout the day so to be able to bet them early is beneficial.

Occasionally I have also found that a better price is available with one bookmaker.

Conclusion

I have been impressed so far with the Basketball Geek.

He seems to have a clear edge betting in the basketball markets.

Again as mentioned previously with Stahobettor’s selections. Long term betting these selections with soft bookmakers is going to see your account limited eventually.

But that shouldn’t put you off, as its an inevitability that if your a profitable sports bettor this is going to happen.

The Basketball Geek looks to a be a very promising tipster and is one that we going to continue to monitor.

Click Here If You Want To Trial The Basketball Geek For 15 Days

 

(If you are running a profitable tipster service and would like to be featured in the tipster spotlight. Send an email to [email protected]

(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)

Making A Million From Sports Betting And Trading – May Results

Sports are gradually returning and things are looking up from a sports betting/trading perspective.

Again my main focus this month was on casino offers but the return of German football has been a welcome one!

Sports Betting and Trading Challenge

Looking ahead June promises the return of the Premier League along with other football. 

This brings more value betting opportunities and also matched betting opportunities which in turn should mean there is more profit to be made.

But for now let’s take a look at results from May in the ongoing making a million from the sports betting markets challenge.

Advantage Play – Casino Offers

Let’s start with where most of the profit came from in May.

In May I did 235 offers.

A total profit £1372 was made. 

Another solid month of profit from casino offers and I got the chance to check out a new service Bonus Accumulator, which I was impressed with. They highlighted pretty much all the offers that I been previously manually working out and seem on top of finding as much value as possible from casino offers.

So going forward that will be the service that I use to exploit casino offers.

Casino Offers May

If you are still not taking advantage of casino offers and interested in leaning more.

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

Bonus Accumulator (Click Here For The Review)

Subscription Cost – £12.50 a month  (Annual Subscription)

Matched Betting – Sports Offers, Arbitrage, Value Betting

There were a few matched betting offers around and I managed to pick up some value bets.

Although it didn’t seem like the market was able to adjust to there being no crowd. So relying on the market price to indicate value might not have been the best idea.

You could see this as starting prices in football didn’t seem to mean much and there were massive adjustments made in-play after 10 mins in the match odds market.

During May I made 59 bets.

A loss of -£127 was made.

Services Used

Oddsmonkey (Click Here For The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Bookie Bashing

Sports Betting Results

In May I made a total of 24 bets.

A loss of £45 was made.

During May I had a look through my long term betting results as for the last year I have been a losing sports bettor.

I also delved deeper into my long term stats dating back to 2017.

Betting Results

From the graph I can see that I am performing well betting MMA and also in-play MMA/Football over the long term (This is shown as No Sport on Bettin.gs.)

Although the sample of bets isn’t huge it looks like my pre match football bets (red line on the graph) are not really making any money. 

It makes sense going forward to increase my bet size on Mixed Martial Arts and leave betting pre-match on football alone. I am very confident in my edge betting MMA markets but obviously football markets are a lot sharper.

Hopefully this change should see a decent profit made over the coming year.

Services

Previously I had been using Trade On Sport and FTS Racing. I won’t be using these services until sport resumes in normal form. Both are good services and I am confident long term they will be profitable but during this period I want to be cautious. 

My main focus is going to be on area’s that I am confident I have a large edge in ( Casino offers, mma betting, pre-match trading.)

Results

Matched Betting – Sports Offers

£-127

Advantage Play – Casino Offers

£1372

Trading Results

-£46

Sports Betting

-£45

Total Made In May

£1156

Overall Profit Since The Challenge Began

£83,537

Remaining Target

£916,463

Thoughts Going Forward

Got to admit I have been pretty disappointed with results this year after doing really well last year, I hoped that momentum would continue.

However at the end of the day it is only betting and with everything that’s happened I should really be grateful for everything that I have already. For a lot of people that live on this world there is no opportunity to make money from the sports betting world. 

In fact there is very little opportunity for them at all.

Puts things into perspective, anyway moving on to June.

The return of the Premier League is sure to bring more matched betting offers to the table and should be some good pre-match trading opportunities.

Thanks for reading, hope you have a profitable June.

 

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

How To Retire At Forty

I turned 30 last December and it really got me thinking about my plans for the next ten years.

“A job isn’t something that you enjoy. its something that you turn up to in order to pay the bills.”

This is something that my dad said to me growing up. At the time when my dad said this to me it didn’t make much sense.

Now that I myself am a father and husband it makes even less.

I remember my dad wasn’t the happiest person growing up. Spending 40 hours a week doing something that you really dislike probably does that to a person.

Since September of 2017 I returned to full time work.

Anyone that does matched betting and arbitrage will know that you make about 70-80% of your profits on the weekend. Whilst casino offers can be done pretty much anytime.

So I made the decision to go back to work four days a week.

Financially it made a lot of sense.

Now I don’t hate my work. It has some positives but probably like most people I don’t really enjoy being there.

Do I want to be there for the next 10 years of my life?

Hell no!

I would love to be able to work part time doing something I enjoy and have other investments subsidize the loss of a full time wage.

How To Retire At Forty

My plan is to become financially self sufficient by the time I am forty.

By reinvesting the money I make from trading, betting and arbitrage. Alongside creating other more passive incomes much like this blog.

To maintain my current lifestyle that would mean I would need to make around £30,000 a year. However that is a low estimate and obviously a lot could change in the next ten years.

Most people would agree that your output is dependent on the things that you consistenly read,hear and talk about.

The majority of what I read online comes into these categories.

Entrepreneurship

Passive Income

Early Retirement

Frugality 

So that should put me in pretty good stead but I don’t really put enough of what I read into practice.

For example if I look at entrepreneurship. I like most people have had hundreds of ideas over the years for a potential business or passive income.

Not saying they were all great.

But how many have I actually acted on?

Two………………..

This blog being one of those.

Even then it took me about two years between actually thinking about writing a blog around making money from sports betting. To actually buying a domain and writing content.

The second was ramping up my matched betting/arbitrage operation. Which in hindsight has probably cost me a lot of money as the value of offers has decreased over time.

This is something that I am going to tackle this year. Be way more active in attempting to produce further incomes.

Outside of the sports betting markets.

Embracing Frugality

There are various early retirement calculators out there.

For example this one from networthify.

But the premise is pretty simple. Have more money coming in then is going out. Invest your savings and allow compound interest to keep adding up. Eventually it will get to the point where the interest from your savings will cover your expenses.

Now of course that are a lot more variables to look at. Everybody has different lifestyles, assets and expenses. 

However it seems like the most accessible way for most people to get to early retirement (myself included) is by saving money.

I have always been a pretty frugal individual. Even before I started playing poker and betting/trading I had a pretty good idea of value.

You can ask my wife what a cheap skate I am.

“£10,000 on a wedding? Seems kind of stupid for something that lasts one day.”

“Probably better saving that for a deposit on a house”

“£500 for a watch. My phone can tell the fucking time.”

So yeah frugality or being a cheap son of a b**** as others may call it comes pretty naturally to me.

What doesn’t come naturally to me is the boring aspect of saving. Switching insurance, gas, electric, internet providers. I know that potentially this will save me hundreds over a year. So that is something that I should really make an effort with.

Increasing My Areas Of Income

I currently have three incomes.

My betting and trading portfolio

You can read more in depth about this here.

My job

There is room for progression but it would have a negative effect on both my betting and trading portfolio. Alongside this blog and any further projects I would like to work on.

I have always viewed my work as something that pays the bills. While I try to scale up my ability to make an full time income online. Whether this has/or will pay dividends in the long run I am not too sure.

This blog

Smartsportstrader.com is probably the area of income that I could scale up the most. I currently make a small revenue from this site.

Mostly by being an affiliate for both Oddsmonkey and Profit Maximiser. Two services which provide the tools for making good money from the sports betting markets.

The beauty of the internet though is that there is always a broader audience to reach out. Whilst I am quite happy with the regular stream of traffic I get to this blog. I have become a little lazy with it. When there was only 10 or 20 people a day reading it. I was much more consistent in putting out content. Now there are a few hundred visitors a day I generally put up something once or twice a month.

Sam Priestley wrote a great blog post called Ethical online business – make money whilst sticking to your morals.

This really sums up how I feel about affiliation in the sports betting world. The people that make the most money are the ones that exploit problem gamblers.

Be this tipsters promoting bookmakers on a revenue share or review sites highlighting tipsters that have had one great month but are overall going to lose money.

You can make way more money exploiting the undisciplined punter or problem gambler.

Rather then showing that in order to really make money from the sports betting markets. Discipline and a long term view are key.

The truth is there are only a few good services that really offer value. So my options for increasing revenue to this site ethically is really to reach a broader audience and keep plugging matched betting, arbitrage and trading.

Retiring Early

Are you aiming to retire early?

Maybe you have accomplished your goal of early retirement?

If you have any good resources or advice share them in the comments.

Here a few resources that I found helpful 

The shockingly simple math behind early retirement

Early retirement made easy

Small business resources

Create multiple passive income streams