50K Betting And Trading Challenge – April Results

April has ended and the first month of the challenge is in the bag. How did it go?

Advantage Play – Casino Offers

50K Betting And Trading Challenge April

This month I have got through 57 casino offers. There has been a mixture lower risk offers such as bet £25 get £5 free on blackjack. With a mix of higher risk sign up offers where you have to rollover several thousand pounds.

My biggest single win was £379 from a sign up bonus. Biggest loss was -£100 also from a casino signup offer. In total a profit of £885 was made from casino offers this month.

50K Betting And Trading Challenge April
Been playing a lot of Retro Reels this month.

I would like to ramp up the amount of casino offers I do in the future. These offers have the highest EV out of everything in my portfolio. So it would make sense for me to put more time and effort into them. Pretty happy with the overall results, no major drawdowns. As my bankroll increases I can can get a bit more aggressive with the higher risk offers and use larger stakes.

Matched Betting – Sports Offers

Betting And Trading Challenge April

That’s a nice looking graph right? With matched betting it should never really look much different to that. Lots of small losses with occasional spike in profit when you trigger an offer.

In total I took part in 185 matched betting opportunities. A total profit of £787 was made.  

The majority of the profit came from horse racing offers and William Hills 4 means more offer. There were a few sign up offers I took part in also.

Overall I think profits look alright. Could I have done better? Yes. There are a lot of small offers that I pass over. It’s laziness on my part but I don’t want to deposit money at a bookmaker for an ev of a £1. These offers do add up over the long term but don’t think its that time efficient.

Accumulator Offers – No lays

Betting And Trading Challenge April

I made 33 accumulators this month. A total profit of £46 was made.

Not much to see here. Pretty low volume as the season draws to an end. At this time of the season there are mixed motivations for sides and lesser sides seem to be able to grind out better results. If I can get some accumulators where all the teams are still actively competing for something then I will. But otherwise I will leave them alone until next season.

Trading Results

Betting And Trading Challenge April

All of my trading this month was pre event. Mostly pre match trading on football but there was also two horse racing trades. Multiple trades were also made on the Joshua vs Klitschko fight.

After 21 trades a total profit of £403 was made. This consisted mostly of lots of small 3 or 4 tick moves. The biggest single trade was on Real Madrid vs Valencia game.

There were two factors to this trade. Ronaldo was a slight doubt for this game but most reports indicated he was going to play. I knew that this would cause the price to shorten. Valencia at one point early in the week were priced 14.00 to win at the Bernabeu. My own analysis had this way too short so I took advantage.

I actually exited these trades a little too early but still a good profit was made. 

Betting And Trading Challenge April

Quentin Franks Racing – Tipster Service

 

Betting And Trading Challenge

Quentin Franks suffered a rare losing month. At one point things were looking pretty grim at -£810 but I knew this downswing would not last too long. A few wins right at the end of the month lessened the damage.  

They were exactly 100 selections from Quentin Franks this month. A loss of -£226 was made from this tipster.

I have followed Quentin Franks for a long time now. No tipster that I know wins every month and there is always going to be negative months. I am sure that in the coming months Quentin Franks will deliver the profits.

Sports Betting – Value Bets and Personal Bets

Betting And Trading Challenge April

I made 28 bets in April. They were a combination of value bets found using the oddsmatcher software from oddsmonkey and my own. A profit of £119 was made.

Not much to take from these bets really. Tiny sample size and something that I may increase as more of my soft bookmaker accounts get promo banned. For now though it will mostly be my own mma bets and a few value bets when I spot them.

Betting And Trading Challenge
A few of this months bets

Summary

In terms of profit I have not really smashed it out of the park. But its been a pretty solid month and an enjoyable one. Spent a lot of time with my kids and family during easter. I don’t mind sacrificing some money as a result.

Feel like I haven’t got the balance completely right yet in regards to my portfolio. I would like to focus more on the casino offers, also spend less time on the computer when there isn’t much going on.

This month I have looked at maybe adding some more tipsters to the portfolio. Golf seems to be a market where there are some decent tipsters. Also recently finished a trial with The Football Guru which is a good service. It is coming to the end of the season so not sure what will happen with the service. It might go on a hiatus or tip in the summer leagues. One that I will start following in the new season I think.

Here is a breakdown of this months results.

Advantage Play – Casino Offers

£885

Matched Betting – Sports Offers

£787

Quentin Franks Racing – Tipster Service

-£226

Accumulator Offers – No lays

£46

Trading Results

£403

Sports Betting

£119

Total Made 

£2014

50k Challenge Remaining Target

£47,986

Services Used

Oddsmonkey – Matched betting, Value bets, Accumulator offers

Profit Maximiser – Casino offers, Matched betting

Quentin Franks Racing – Horse racing tips

50k Betting and Trading Challenge – Weeks 1 and 2

50k Betting and Trading Challenge - Weeks 1 and 2
How have the first two weeks of the challenge gone?

Advantage Play – Casino Offers

50k Betting and Trading Challenge - Weeks 1 and 2

I have taken part in 23 casino offers these past two weeks. A total profit of £431.6 was made.

The month started really well with a few decent wins in a row of £202, £98, £167. It was good to get off to a strong start. I know I am running way above EV but hopefully it continues.

Something I do enjoy about these offers is that they can be done at any time of the day. You can also semi automate them so you can do other things. I can start an offer and then go for a workout checking it between breaks. Put the kids to bed, relax and just check the wagering from time to time. It’s less time intensive that other parts of my portfolio.

My general plan is just to grind out as many of these offers as I can. Fit them in whenever I am at home.

50k Betting and Trading Challenge - Weeks 1 and 2
Dunder Casino Win

Matched Betting – Sports Offers

50k Betting and Trading Challenge - Weeks 1 and 2

There have been 89 offers I have taken part in. A total profit of £296 has been made.

Not very impressive on the profit or volume front. I have a few reasons/excuses for the volume. Which I will write about later in summary.

Still considering there was the grand national and a Bet365 £50 in play offer. It was a pretty decent month for matched betting opportunities in general. You can see from the graph matched betting has very little variance involved. Its mostly just a case of tiny losses with a bump in profits when you trigger an offer.

There are quite a few bookie signups that I haven’t got through. These are easy money so will make sure I get these done by the next update.

Quentin Franks Racing – Tipster Service

50k Betting and Trading Challenge - Weeks 1 and 2
Tough Period For Quentin Franks

So I made the decision just to straight bet Quentin Franks selections. In the past I have traded them betting with bookies and laying at the exchanges when they shorten. I figured that in the long term the profits would not be that different if I bet them outright. Also it would free up some time.

Well these two weeks have been a kick in the balls. I understand its just short term variance but still no one likes to lose.

There have been 52 bets placed and a loss of -£490

These periods happen in betting. Having followed Quentin Franks for a long time I know he is a profitable tipster. I bet to £20 a point so I am down 24.5 points which sounds a bit better then -£490. I am confident that this will turn around and two weeks is really a very short amount of time.

Accumulator Offers – No lays

50k Betting and Trading Challenge - Weeks 1 and 2

This strategy involves taking advantage of bookie refunds on accumulators. You can often get a 10% expected return on your investment with these offers. They are worth taking advantage of. I am just straight betting these with no lays involved. (no lays involved………….. feels familiar) 

I only managed 17 accumulator’s for a profit of £81.40.

Not to much to be said with such low volume. It’s nice to be showing a profit but I would expect there to be quite a lot of swings with this style of betting. Again I am running nicely above EV with these at the moment.

Its pretty easy to hammer these out on a Saturday morning. I would like to increase my volume as there is only a few months left in the season. 

Trading Results

50k Betting and Trading Challenge - Weeks 1 and 2

Pretty surprised with how little trading I have done so far this month. I was ill at the beginning of the month for about 5 days which were a write off. But still 5 trades in 9 days is pretty poor.

50k Betting and Trading Challenge - Weeks 1 and 2

My biggest trade was with Smarkets. The attack on the Dortmund bus caused some market movement before it was postponed. Then I adjusted my position in play for a bigger payoff had Dortmund equalised.

Its pretty tough trading on Smarkets. No API software and a glitchy interface make life difficult. It saves 3% commission but it would be nice if they could make things more reliable.

The other trades were in secondary markets where liquidity is not great. I don’t really want to share much about these as I would just create competition for myself.

Haven’t made any big pre match trades this month. Hopefully I spot a good opportunity in the near future to take advantage of.

A profit of £152 from 5 trades was made.

Sports Betting

50k Betting and Trading Challenge - Weeks 1 and 2

I am using Bettin.gs to record my bets. Its a free website that records your bets and has some nice features.

It just makes life a bit easier and means one less spreadsheet.

All of the value bets I found using oddsmatcher. Which is software provided with Oddmonkey. Alongside these were also my personal bets on mixed martial arts.

After 13 bets a total profit of £288 was made. Which is a tiny sample size so there is not much to take from it.

Summary

The recurring theme here is low volume. I had a virus at the beginning of the month which wiped me out for about 5 day. My kids have had a two week holiday which also means I haven’t put in as much time as normal. Those are my excuses. I expect things improve in the next update.

If I want to make 50k in a year a real goal. I am going to have to ramp up my volume in pretty much all area’s. Also will see where I can scale up my stakes as time goes on.

Lets breakdown the results.

 

Advantage Play – Casino Offers

£431

Matched Betting – Sports Offers

£296

Quentin Franks Racing – Tipster Service

-£490

Accumulator Offers – No lays

£81

Trading Results

£152

Sports Betting

£288

Total Made 

£758

50k Challenge Remaining Target

£49,242