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My Sports betting and IM journey

Discussion in 'My Journey Discussions' started by toptips44, Jun 8, 2015.

  1. toptips44

    toptips44 Regular Member

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    I thought I would try and put up a journey to record my own progress over the next few years as I take on sports betting and IM together in order to earn a passive income.

    When I say passive income I mean put in work now and earn for a long time on autopilot. I don't want to have to put in any more effort going forward after some initial work. Being a fairly solid programmer I can automate (and I have already) everything I need to do for both my betting profits and my IM profits.

    Sports Betting
    My goal is turnover over 5 million this year in my sports betting which is going to be my main source of income. Turnover does not mean profit. My profit I am aiming for this year from sports betting is about 10K.

    IM Profits
    I don't intend to do too much work on my IM profits this year and would like it to at least hold steady. I want this to hold above $400 a month for the rest of the year and I will try and increase this if I get time to setup more websites.

    Where am I so far this year:
    Here is a breakdown of the year for IM and sports betting:

    IM
    Jan: $535
    Feb: $437
    Mar: $486
    Apr: $423
    May: $452

    Sports Betting

    Jan: $718
    Feb: $87
    Mar: $795
    Apr: $433
    May: $699

    One thing which is obvious from the above figures is that I turned off my computer in Feb and April while travelling and it meant no sports betting. This was due to travelling in countries where sports betting was illegal. The good thing was my IM profits continued regardless of me travelling.

    Overall

    I rounded down on the above figures so the total below may be off slightly if you compare the monthly to total figure:

    Total At May 31st May : $5070

    Goals for the year

    My main goal is actually turnover rather than profit. I want to get my turnover over up to 5 million this year.
    End of May Turnover : $2,027,338.83

    My other goal is to make 10K combined from sports betting and IM:
    Current Profit at end of May : $5070

    At this stage I am on track to hit profit but not turnover.

    I'll leave this post here as a starting point and add in my June figures in my next post. I'll try and update it every day.
     
  2. toptips44

    toptips44 Regular Member

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    June so far :

    1st June IM : $17.34
    1st June SB : $166.94

    2nd June IM : $13.58
    2nd June SB : $109.66

    3rd June IM : $13.71
    3rd June SB : $77.54

    4th June IM : $13.40
    4th June SB : $75.25

    5th June IM : $14.25
    5th June SB : $29.14

    Im waiting for IM dollars to update so can't post the 6th June figures yet. Sports betting went well at a profit of $180.17 and was higher but my program lost a few bets towards the end of the day. My main goal for June is to turnover at least 600K this month.

    Profit Total including 5th June : $530.81
    Turnover including 5th June : $123,514.90
     
  3. avilux

    avilux Power Member

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    What's turnover mean? I know nothing about sports betting. Like.. do you own a business of sports betting that gets $5 million turnover and you only profit a couple hundred each month? Like, just seeing the numbers here makes me wonder. 3 figures compared to 7. Interesting.
     
  4. toptips44

    toptips44 Regular Member

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    Turnover involves how much I have bet to make the profit throughout the day. So I will generally bet about $20,000 a day to make around $100. That may involve 100 selections at $200 ($100 x 200 = 20K). My style is to have a lot of bets with a small profit as opposed to a large profit off a small set of bets. I average several hundred bets a day.
     
    Last edited: Jun 8, 2015
  5. islandfish

    islandfish Newbie

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    you bet 20k to win 200? The risk to reward doesnt seem optimal. I am a avid gambler and made about 50k last year online betting but my bets are small high return parlays mostly mma cause its easy to research and follow. What exactly is the betting system you use? What are you betting on? If you have 5-10 winners a day you can 10x your money on a daily basis. That way 10 dollar bet with four winning days in a row would be 100k.
     
  6. kekmaw

    kekmaw Jr. VIP Jr. VIP

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    Great, I will follow!

    About the Sports betting I have a few questions, I've been in the field on and off for a few years.
    1. Whats your betting bankroll?
    2. Whats your ROI%?
    3. Do you find your own games or do you follow tipsters (which seems smart if you would call it passive :p)
     
  7. avilux

    avilux Power Member

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    So you're using $20K? I also agree $20k to win 200 doesn't seem.. too amazing. But hey, if it's what makes you happy then cool. But I mean, heck. One day of high-risk stock trading with $20K could net you a couple thousand. I'd use the money in other ways.. Like, $5 million turnover is giant for such a low annual profit. The cost/benefit ratio doesn't look too good. Can you improve it somehow?
     
  8. CowboysNation

    CowboysNation Registered Member

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    Do You play Draft Kings or Fanduel because Im A Killer On Both!!
     
  9. Y M C M B

    Y M C M B Power Member

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    which site do you use for sports betting ? mind giving a newbie in the field some tips ? :)
     
  10. vortez

    vortez Junior Member

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    Are you doing arbitrage betting?
     
  11. asap1

    asap1 BANNED BANNED

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    WTF your betting 20k just to make $100? My heart cant take it.
     
  12. donone123

    donone123 Regular Member

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    My dad does horse race betting but doesn't bet just follows and works out huuuuge profits. He keeps it in a book which he hides and me and the lads call it the bible lol. He occasionaly gives us tips that win eg many clouds at the grand national. However he doesn't give us much because he doesn't encourage gambling. I think I've talked him round to a tipster site!
     
  13. Commoner

    Commoner Power Member

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    The turnover/revenue doesn't justify net profits, any way to increase faster?
     
  14. SnoopyDrew

    SnoopyDrew Senior Member

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    HOLY SHIT

    You bet 20k so you can make a 100 bucks?

    You do realize you could invest that 20k into much more productive passive income methods.

    That just seems ridiculous to me.
     
  15. 67MAD54

    67MAD54 Regular Member Premium Member

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    Sounds very good, a tipster site would be great! Pm me when done :)

     
  16. vmirzac

    vmirzac Newbie

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    Is it arbitrage you are using for sports betting ? Only that would justify using such a huge amount of money for such a small profit (guaranteed, at least).

    Just out of curiosity, what for do you need to monitor the turnover ?
     
  17. toptips44

    toptips44 Regular Member

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    I think I have covered all the questions below. If I missed one you want answered feel free to post it and I will do my best to answer it. I think the biggest issue from the questions is not understanding ROI on turnover vs bankroll. My bankroll ROI per year is about 100% but my ROI on turnover is 0.1678653% (less than 1%).

    My actual ROI is 0.001678653. So for $20K I will make $33. Risk depends on how you look at it. I
    don't take on much risk to actully win that money. I win over 99.5% of the sports/races I have bet on.
    I do not arbitrage if that is what people are thinking. Each bet is for the win, place, correct
    score, show, etc and I can lose money on every bet. You also have to remember I may only bet $100 all
    day long to turnover the 20K so I really only risk $100 to win that $33 which is really a 33% profit
    on my bet size.

    I don't follow one betting system as I actually have a program which does it all for me. It bets over
    40 systems.

    I mostly bet on horse racing, trots, greyhounds, soccer, basketball, baseball and a few other sports.

    But I would probably lose that 1000 out of 1000 times which too me is way to risky.

    1. Right now it is $14,836.60
    2. My actual ROI is 0.1678653% (less than 1%). Now that is very different to profit on my betting
    bankroll which is actually around 100% p.a.
    3. I have written a program which does all the work for me. It finds games/races and selections
    itself.

    About 15K see above.

    The important words there are high risk. My strategy is low risk.

    Possibly could if I had more time but adding more systems and increasing the turnover is my main aim
    right now.

    Nope sorry. I am not good at the fantasy league stuff.

    I did use a variety of bookies but have had to settle with totes and exchange betting for most of my
    turnover due to bookies banning my accounts for consistently winning. Best tip I can give is don't
    lose on a race or sports game. There are multiple ways to bet to come out in front and think outside
    the box.

    No I do not arbitrage. Its too much work with accounts getting banned. My system takes on risk with
    every single game or race. It just minmises that risk. The next question you will probably ask is it
    to do with my staking. I use level stakes but I have differnt levels for different betting risks. So
    basically a very low risk will get a full bet size and a medium risk will get a half bet size and a
    high risk will get a very small bet size. I do not use martingale and never will.

    Yep in a day I would bet a bit more than that. Its a small sum over and over and over again so its
    the same money getting recycled. Im really only risking about $100 per bet.

    As above. While my turnover ROI is small my return on my bankroll is about 100% a year. Seems like a good return to me.

    Well 100% return over a year is far better than anything else I can come up with at the moment. See above for bankroll return vs ROI o

    No its not arbitrage. I take on risk with every single bet but it is managed risk and I win more than 99% of the time.

    My program selects and places all bets. It then monitors for the results and I keep all of my information in a MYSQL database. Makes it very easy to do my analysis and reporting for myself.
     
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  18. JuggernautJukey

    JuggernautJukey BANNED BANNED

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    If you were from the UK, you could make 10 times that amount, with a small purse of about £2000.

    I imagine it's a lot harder for American folk.

    There are a few ways to make guaranteed money from sports betting here in the UK. It involves arbitrage and uses sports betting exchanges.
     
  19. toptips44

    toptips44 Regular Member

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    June so far :

    6th June IM : $15.78+
    6th June SB : $180.17+


    Profit Total including 6th June : $726.84+
    Turnover including 6th June : $156,918.36

    It was a very good day with almost $200 profit. I would have had made over $200 for the day but ended up losing a few bets towards the end of the day which gave back about $130 of the profit. The reason there was such a good profit was a heavy focus on horse racing with large fields which made easy pickings for identifying value winners.
     
  20. Sunday Lunch

    Sunday Lunch Junior Member

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    Hello OP,

    Can you show the correspondence (justification) sent from the various bookmakers that banned you for winning? I would be very interested to see this.