Hey people, it's been a while since I posted something useful here. The site's traffic has been dropping constantly during the last month, which is an immediate effect of me not interested in writing and sharing my thoughts and results. So, for all you loyal friends here's my betting performance of the last weekend.

Weekend's Sports Betting P&L

Sports Betting - Betting Performance

Once upon a time I trusted mathematics. I really did. Nowadays I am full of doubts. I had heard of stories where the betting strategy failed to perform in the same way and started a big losing run forcing the bettor to quit it. I kept wondering how that was ever possible. I don't any more. Here's why:

 

Sports Betting pertformed really bad lately (Excel graph)

 

I started my betting system as you know last September. I recorded the bets and my stats for 2 months, made some tweaks, applied some filters and criteria and voila, I had a most promising method. Then I started funding it and saw my P&L climb. That was nice, an additional source of income which didn't need any major effort, just to update the database. Still I didn't have the time so I gave it to my father who had just retired and had plenty of free time. He soon became a huge fan of this new development and carried his laptop wherever he was and betting 24 hours a day! He never missed a game even during the night, wagering on some Mexican and South American games! I was checking my balance in Betfair in the morning only to see some big winnings on some totally unknown for me teams! The bets were made according to the plan, if the data was there then a bet was on its way. Things were getting well, not thrilling but it was a healthy profit.

 

Then came the summer...

Sports Betting - Betting Performance

Sports betting was victorious yesterday, something not so exciting since there was only one football game I was interested in. Cambridge U. won Farsley C. 5-1 and I pocketed EUR220. That is not all the truth however, since my main bet was in the match odds market and the Under/Over bet was a recreational one as usual. Still I don't complain about the result.

 

 

Sports Betting won 220 euros in Cambridge football game!
My bet was placed in accordance to my betting strategy, an update of which can be found here. Perhaps you may want to build your own Betting Strategy.

 

Sports Betting - Betting Performance

It was about time I had a good day in sports betting. Although my strategy is struggling at the moment and needs more days like this, I can't be unsatisfied by the total profit, considering I have lowered my bets. A most welcome day and I hope it is the start of a big comeback.

 

2 Grand Winnings in sports betting!

 

Here is the breakdown of the P&L... 

Sports Betting - Betting Performance

Lately my sports betting strategy has encountered a bad drawdown and has lost more than 20% of the profits. While it still remains profitable, that drawdown has aroused some concerns and needs to be re-evaluated. Let's see some interesting statistics:

  • Flat betting plan applied: EUR500 fixed stake
  • Total turnover: EUR2,587,000
  • ROI (yield): 2.98%
  • Total Bets: 5,174
  • Database's games: 8,650

The sample is quite large for trustworthy conclusions and here are some more useful calculations (read how to do them yourself here):

  • Average (mean): 15.69
  • Standard Deviation: 533.44
  • Confidence (95% significance level): 14.92
Sports Betting Strategy Performance Graph

Things do look a bit rough at the moment but...

Sports Betting - Betting Performance

Sports betting won +4,447 today. Perhaps that was the last update. Take care everyone.

Sports Betting - Betting Performance

Sports betting won +5,633 today. That was in fact expected and according to my strategy's stats, there is some room for a little more improvement. We shall see how the weekend ends tomorrow.

Sports Betting - Betting Performance

Sports betting won +293 today. Lost first 3 games bringing me down to -1,500 but finally closed in profit.

Sports Betting - Betting Performance

Sports betting won +376 today. There were only 2 matches available for betting (UEFA) and I won one and lost the other. Let's see what the weekend brings.

Sports Betting - Betting Performance

Sports betting lost -371 today. A bit busy right now, perhaps I'll update some comments tomorrow.

Sports Betting - Betting Performance

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