Making A Million From Sports Betting And Trading – August Results

August was a stange month where I logged in way more losing days then usual.

There were more losing days then winning ones and I will admit that logging a minus into my overall P/L day after day was disheartening.

However profit and loss for August was actually ok due to to one mega Saturday where everything went right.

Lets delve into the results.

Sports Betting and Trading Challenge

Matched Betting – Sports Offers, Arbitrage, Value Betting

With the return of the big football leagues came a lot more value betting opportunities. Matched betting offers still seem pretty slim compared to the past but its just a case of evolving and taking what opportunities there are.

Its clear that the golden days of matched betting are gone and it had to happen as matched bettings popularity sky rocked and it started to have a bigger impact on bookmakers profit and losses.

This month I got more use out of my limited accounts hitting value bets on horses and football for whatever I was allowed to get on. I didn’t log these down as often they were £5-£10 bets and I spend enough time in front of my laptop as it is. Bet365 in particular are a good bookmaker for this if you find yourself limited.

In August there were 333 matched betting offers and value bets.

A total profit of £1948 was made.

Service Used

Oddsmonkey (Read The Review)

Subscription Cost – £12.50 a month (Annual Subscription)

Betting And Trading Results - June Report

Bookie Bashing

Advantage Play – Casino Offers

Onto the advantage play methods where I look to make a profit by taking advantage of casino bonuses.

So again in order to free up in time I have stopped recording offers with an EV of less then £4. I still do offers with an ev of less then £4 because they usually take 2-5 minutes and its a decent return for your time.

In August I did 116 offers.

A total profit of £634 was made.

Service Used

Profit Maximiser (Read The Review)

Subscription Cost – £9.60 a month  (Annual Subscription)

Betting And Trading Results - June Report

 

Sports Betting Results

Its fair to say August was not a good month for my sports betting results or for anyone following the Smart Sports Trading Service.

In total I made 13 bets.

A total loss of -£501 was made.

My betting is pretty low volume month to month so I can’t expect to have winning months all the time.

Long term though with a 14% roi over 610 bets I am pretty happy that this is an area which will continue to bring profit.

Trading

Starting from September I will seperate my own trading results with the results I get following Trade On Sports.

Again due to looking to spend less time on my computer I have put all trading results together but I will be honest alongside my own trading and the amount of strategies on offer with Trade On Sports it makes sense to seperate them.

My combined profit and loss for my own trading and the selections from Trade On Sports produced a loss of -£413.

The majority of these losses came from the in-play football selections from Trade On Sports. It went through a rough period in August and although it recovered by the end of the month. I missed a lot of winning trades due to being out with the family over the school holidays.

These things happen with betting and I am sure the variance will even out.

Alongside the football bets, I follow the tennis selections and will be adding the NFL selections to my portfolio.

In future updates these will all be recorded seperately.

Service Used

Results

Matched Betting – Sports Offers

£1948

Advantage Play – Casino Offers

£634

Trading Results

-£413

Sports Betting

-£501

Total Made In July

£1668

Overall Profit Since The Challenge Began

£64,180

Remaining Target

£935,820

 

Thoughts Going Forward

August didn’t feel like a great month although results ended up being decent enough.

One thing that I did find tough was managing my trading and betting around spending time with my children whilst they are off. There has to be a balance where I can’t just take a month off but I also want make sure I am not stuck to my laptop most days neglecting time with my kids.

Happy enough with my overall portfolio of strategies and services that I am using. I have thought about trading horse racing again. This was something I used to trade and had some success with but again its tough to do everything and  its important to find the right balance.

Hope your August went well and if your interested in joining the free Smart Sports Trading Service there is still space available.

Till next month!

 

Smart Sports Trader

Ryan Bruno is a former mixed martial arts and kickboxing competitor. He loves sports and making money online. After finishing university he played online poker and taught English for a living in Thailand for a few years. Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.

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About Smart Sports Trader 116 Articles
Ryan Bruno is a former mixed martial arts and kickboxing competitor. He loves sports and making money online. After finishing university he played online poker and taught English for a living in Thailand for a few years. Upon returning to England his focus has been on making a living from sports trading, betting and arbitrage.

6 Comments

  1. Hi Ryan,
    thanks for the update, it’s a really interesting read to follow. I just wonder where you find so many matched betting offers. I’m aiming to do £2000 EV per month from matched betting and casino offers and still quite comfortably manage that, but now it’s mostly from high risk casino offers. I still do matched betting, but there don’t seem to be that many good offers now, I either do a sign-up if a new bookie pops up on Oddsmonkey as these don’t take much time and occasionally I find a good matched betting offer or get an email, but what I mostly see are offers with an EV of around £2, max. £3 per offer and they require relatively lot of work compared to casino offers. Based on your chart, you’ve done 333 matched betting offers with a profit of nearly £2000, that makes an everage EV per offer of nearly £6, which seems awsome, especially for a month like August when football is just starting and there aren’t many offers.

    I just wanted to ask how do you search for these offers. I use Oddsmonkey and Profit Maximiser calendars, and sometimes they show a good offer or two, but majority of the offers shown in these calendars have an EV of £3 or less. It may also be that I’m gubbed or restricted with nearly all the main-stream bookies so have to use the smaller or newer bookies for matched betting, but your amount made just matched betting seems great. If it’s not a secret, do you have any particular strategy or websites you look for offers, or do you just browse all the promotions that bookies offer and write down the good ones?

    Thanks and I wish you a profitable September,

    Miroslav

    • Hi Miroslav

      The majority is value betting which is where most of my volume comes from now.
      Like you say matched betting offers are pretty sparse at the moment with Will Hill Golden Goal being the standout offer and 2up.

      For value betting I use the Oddsmonkey matcher and a service called bookie bashing.
      On a decent saturday you can normally get 50 or more value bets.

      • Hi Ryan,
        thanks very much for a quick reply. That makes sense, value betting is becoming the main way of getting value from bookies, I thought that much can’t be made purely from matched betting. Unfortunately, I’m gubbed by both William Hill and Bet 365 so can’t do the best matched betting offers that still exist.

        I also do value betting on horses, high volume small bets, like Ashley below. There was a recent new addition of E/W sniper (from Mike Cruickshank at Profit Maximiser) of an automated software that places many £1 or £2 value E/W bets on its own and I’m just trying that and it seems to work fine. Currently £4 down after about 30 bets, but given the number of 2nd and 3rd places at double odds I can see the value will come in soon.

        With the Oddsmonkey Matcher, what sport do you concentrate on? I’d assume the high value horse arbs that stand out would probably lead to severe restrictions after 1 or 2 bets. Is it football that is less noticed or some other sport? Also, what stakes do you usually aim for, or is it a profit per bet, and do you lay-off these bets or just let them run? I know this would eventually lead to restrictions, but I still have a few bookies where I’m gubbed, but can bet, so this would be the best way to make more value from them.

        I’d also be interested, like Ashley below (so I’m fine if you answered this just below his post) in the Bookie Bashing service. Is it worth the subscription fee and is it time consuming to place the bets they suggest? Are they based mainly on value betting? If yes, is there a large variance in these bets? Making nearly £2000, or even if it was £1000 on average, purely from bookies with no casino offers, seems great so if there was a potential to get that I’d be certainly interested to join Bookie Bashing.

        Good luck and thanks again for running this post and answering our questions,

        Miroslav

        • Hi Miroslav

          With limted accounts there are still value bets to be found.
          For example with Bet365 you can find plenty of value bets on football especially on Saturdays.

          Bookie bashing is a good service I joined when it was £10 a month but the price has since increased.
          A big chunk of the value bets come from Will Hill accounts so not sure if it would be suitable or not for you.
          You can still find a decent amount of value at the weekends using oddsmatcher, so maybe try that for a few weeks.

          Regards

          Ryan

  2. Hi Ryan. Cool blog. I’m mostly a value bettor, exclusively on horses, and use a high volume to exploit a pretty small edge.
    I wanted to ask about the Bookie Bashing service. Wondered how it was going for you and if you’d recommend it?
    Thanks,
    Ashley.

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