Wednesday 15 January 2014

Keep on chugging - December review

Well this is more like it, two profitable months in a row. December was not as rewarding as November but achieved its target profit levels. I churned the figures on January 1st or 2nd and jotted down some notes but have never got round to writing up the review. This has put me in an awkward situation, especially with the tipster ratings, as things are fluid and January has been quite up and down so far. I have decided to keep the data as December only but the ratings will encompass events that have occurred so far in January.

So how did everyone get on:

Rank
Tipster
Staked
P/L
ROI
ROC
1
Football Investor
103.5
28.9
28%
29%
2
Skeeve
10
7.9
79%
10%
3
The Football Analyst
138.5
6.1
4%
6%
4
Summer of Football
12
1.5
13%
4%
5
Laurent Marty
18
-1
-6%
-2%
6
Narrow Victories
34
-2.3
-7%
-6%
7
Football Elite
39
-9.75
-25%
-20%

Four out of the 7 made some sort of profit, two of them considerable and only one real blowout enabled me to just beat my monthly profit target of £2000. In fact, profit was £2110 on a turnover of £31790 at an ROI of just about 7%. All very good, although at some stages it did look like the numbers would be even more impressive – but don’t they always!

Overall, and remember this is from the start of this years football season (August), the table looks as follows:

Rank
Tipster
Staked
P/L
ROI
ROC
1
Summer of Football
82
16.5
20%
41%
2
Football Investor
312
36.9
12%
37%
3
Narrow Victories
129
5.05
4%
13%
4
Laurent Marty
55.5
2.15
4%
4%
5
Skeeve
82
-9.2
-11%
-12%
6
The Football Analyst
574.5
-18.8
-3%
-19%
7
Football Elite
100
-9.65
-10%
-19%

Overall the combined service has turned over just short of £120k and generated a profit of £2795 at 2% ROI. ROC is at 6.5%, which for 5 months in not bad compared to most investments, but not what I was hoping for so far. But given the start, we are now heading in the right direction.

Sporting Value Confidence Rating (last months rating in brackets)

As I have already mentioned, I will try to keep my comments as relevant to what happened in December, but there a couple of services that I feel I must expand on given their starts to January.

Football Investor – 3.5 (3.5)
This is now the second month in a row that one of my top funded services have topped the monthly charts and what a month it was for Stewboss.

FI managed to make over £2k of the profit this month, equally split over homes and aways.

Row Labels
Count of Profit
Sum of stake
Sum of Profit2
Away
78
5840
1235.2
Home
26
2440
1077.2
Grand Total
104
8280
2312.4

The Combo bets were the undoubted stars, but the adapted Strike Zone system that I follow also produced the goods.

Row Labels
Count of Profit
Sum of stake
Sum of Profit2
Combo
36
3440
1599.2
Euro
13
520
-7.6
SZ
55
4320
720.8
Grand Total
104
8280
2312.4

It is that time of year when the SBC Tipster of the Year awards need voting for and I decided to back Football Investor. FI is now in second place overall, and although he has been outperformed by Summer of Football I couldn’t bring myself to vote for James given that the bank was blown earlier in the year.

Hopefully Stewboss will be enjoying the rest of his Aussie break (still providing the selections I might add) and be back soon to push on to even greater things.

Skeeve – 2.5 (3)
December was a great month for Skeeve with very few selections, but nearly everything he touched turned to gold. A ROI of 79% is incredible and the damage to the betting bank done earlier in the season looked to being diminished. I say looked, as January has been a shocker so far! This has coincided with stakes going back to maximum levels as well.

Skeeve has taken a bit of a battering in the blogs after this latest blow out, and a little support, but I thought I might add my two pennies’ worth!

Since cutting back stakes, the service has been on quite a good run and to me that is not surprising. Skeeve, by its nature, is a very selective niche service and you are not going to get a lot of bets, especially for the money you pay. To get the incredible returns there is quite a lot of risk in terms of bank size. At first glance an 80-point bank seems more than acceptable but as most bets are 4 points, this really is the equivalent of a 20 point bank.

This does not rankle with me for the Asian handicap selections, as they are usually priced at or below even money, but for the doubles, it does seem too high. The odds at this staking level can go over 3.00. I know the doubles have an outstanding record but 519 points staked is not an amazingly large sample, given that some bets are 4 points. In fact in 2013, only 21 4-point doubles were placed. Having read Joseph Buchdahl’s “How to find a black cat in a coal cellar”, there is a chance that the extraordinary profit is due in part to luck as well as the undoubted skill.

It is quite surprising to me as my notes written at the start of the month are very positive with every hope that things will turn around in the much heralded second half of the season, but I don’t feel comfortable staking so much of my bank on these doubles. I have already cut back my TFA bet sizes for similar reasons, i.e. the proportion of my bank going on each selection, but Graeme’s service provides the number of bets to make this a viable option.

I am now asking myself, and this is literally while I am writing this as I was not expecting to be so strong on this issue, where I go now with Skeeve. Do I change to half stakes for the doubles and risk missing out on the great turnaround or carry on regardless? Not sure yet, to be honest, but the upgrade from 2.5 to 3 last month has been returned to 2.5.


The Football Analyst – 3.5 (3.5)
December was solid and at some points it looked better than that but there is still a tendency for a boom and bust ride. Really I need Gordon Brown to declare that these days are over but not quite sure if they are yet. In fact I must say the boom days of early January (listen to me it is still only the 15th!) enabled TFA to completely eliminate the considerable deficit from earlier in the season and push into the black, but alas last weekend was another bust.

Row Labels
Count of Game
Sum of stake
Sum of return
Sum of Sacrifice$
Profit
Bsq Prem
8
1360
1651.2
-342.4
291.2
Championship
15
1680
2220.4
80
540.4
League 1
11
1040
704
0
-336
League 2
23
3080
4682.4
-346.8
1602.4
Premiership
19
3200
1848.4
256
-1351.6
SPL
7
720
462.4
0
-257.6
Grand Total
83
11080
11568.8
-353.2
488.8
0


League 2 has been on an incredible run and if it wasn’t for a considerable loss in the Premier League, the figures would look even better! The Championship also produced solid results.

Row Labels
Count of Game
Sum of stake
Sum of return
Profit
Away
51
5440
6540
1100
Draw
8
1120
545.6
-574.4
Home
24
4520
4483.2
-36.8

This month, it was definitely the aways that produced the bulk of the profit and draws did not really help out with returns, maybe just balancing out the variance, as they should!

Looking at these results, I suppose I have been a bit hamstrung by the design of my portfolio as the double homes and the addition of aways have limited profit growth, but they have been doing the business at other times, so no complaints here.



Summer of Football – 3.5 (3.5)
Another steady month, culminating in a small profit. Solid if unspectacular but after reading the season review, that is a good thing. Given that the service blew the bank with a poor run from January to July, it still ended up in profit and a lot of that is due to a more selective and conservative approach. Obviously it is now January so lets hope history doesn’t repeat itself but I detect a return to the old confidence without trying to overdo it.


Laurent Marty – 3 (3)
A slight losing month, which should have been a break-even one as I missed a bet on Boxing Day when out with the kids at Blenheim Palace. I didn’t trust myself to get the iPhone out while on roller blades – don’t ask, it was bad enough without trying to bet!
There is a slight feeling of a service drifting as it is rare to get a run together but it is not losing money at the moment so shouldn’t complain.

I suppose I would be unlikely to subscribe fresh, especially at the prices that Betadvisor charge, but I still have about 4 months left so hopefully Laurent can convince me to keep with it. Betadvisor have not had a good press in the last month, led by Joseph Buchdahl and also on SBC forums so I need to look into this going forward. I also have my doubts as to whether rugby needs to be part of my portfolio in the long run, but I will go into this further later on.

Narrow Victories – 3 (3)
A slight loss on the month, but given the way these types of bets were going down mid December I think I was lucky to be where I am. At one point the Premier League was down to 44% from 54% on my figures and although it picked up a little at the end of the month, I was not on the right ones!

What I do want to look at is the effect of other tipsters on my selections. As you know I am a relative novice compared to the behemoths of TFA, FI and Football Elite and while I tend to have a shortlist at the start of the week, I tend to wait for all others to make their picks and then see what is left.

To be honest, I do go against Football Elite’s Vulnerable Home Favourites without a second thought but the other selections, well rarely so. So this week I decided to look at how we compared going head-to-head.

For those that haven’t been over to Narrow Victories, I like to back sides priced under 1.7 to win by 1 or 2 goals, if their record shows they are the type of team to do so on a regular basis. I pretty much stick to the big European leagues, although my range is extending all the time.

First of all, Matt over at Football Elite and I clashed on 19 matches (2 recommended bets and 17 VHFs). Of those NV would have won 13, FE 3 and 3 were won more than 2 goals, meaning none of us won.

Now obviously I do not publish many of my selections so people may claim that I am committing the betting sin of aftertimining, but I have no intention of selling these tips or denigrating the tipsters I am comparing with. I am purely working out if I should hold back on my bets, hold their relevant ones, or back both!

With Football Investor, most of the matching selections are due to my portfolio backing Top Flight Elite teams when the price is 4.00 or over. This season there have been 14 clashing bets. NV would have won 7 of them and FI two. Interestingly, NV would have made just under 1 point profit (6% ROI) whereas FI would have made 1.75 points, due to the relative prices for 12.5% ROI.

Finally TFA has had 5 matches, all in the Premier League. NV would have won 4 of them, one was a draw and TFA nought. Now obviously this is a miniscule sample and just one winner would make his selections profitable, but I did miss out on 4 winning bets!

So is it time to be bold and place the bets before the others play – certainly the evidence would point that way. And if I did what would I do when they selected opposing bets? Certainly I would have to be brave to ignore these big priced possibilities.

I suppose Man Utd vs Swansea summed up the situation perfectly last weekend. The NV data highlighted a better than 50% chance of Man Utd winning by less than 3 while there also seemed to be value in backing Swansea, especially as they beat them the week before! Tricky decisions to be had, I think I will try to look in more detail on the sister site.


Football Elite – 3 (3)
Now this is a service that really needs a break! December was horrible, even after a good start it is getting quite a rollercoaster feeling to it. Both in December and now January one week can do tremendous damage and we have yet to have an equivalent up-swing to match. Most weeks FE can pootle along picking up the odd point but then it will drop 9 or 10 over a weekend and be back to square one.

Row Labels
Count of Selection
Sum of Profit2
DNB
16
138
Win
23
-1308
Grand Total
39
-1170


December was characterized by a failure of the win only selections, those priced at 3.5 or less. While the DNBs did OK, they dropped just over £1300!

This is another service getting bad press at the moment but I think I will carry on a bit longer, but we do need more consistency and one of those weekends when everything wins!

Other Services
I questioned earlier whether rugby needed to be part of my portfolio, and while need is not the right word, I do wonder if it spreads me too thin. Two of my main loves in life are sports and stats and I know you are not supposed to become emotionally involved in your betting, but I like to know what is going on and roughly why I am betting. Football I get because I spend most of my time following it, rugby less so but living in the Cotswolds people love to talk about it! I have also started following GT Tips Premium just for the American Football but again without the detailed understanding and interest.

What I am trying to say is that I find myself put off these bets much easier if I do not have either an emotional or intellectual stake in them. Some might say this a good thing, but from my point of view, if I want to take things into my own domain in the long run I have to know the markets. I cannot see myself getting inside every aspect of these two sports so I am thinking that we should part ways at some point.

To be honest the sport other than football that I want to become more involved in has to be tennis. Back in 2001 myself and my wife ran a couple of websites about betting on Tennis and F1 and while they were great fun and profitable from a betting point of view, we did not see the business angle and I had to go and pursue a real career. 9 years of teaching maths and I feel I have gone full circle!

Anyway my point is that I have looked to get tennis into my portfolio, so for 2014 I have subscribed to Tennis Ratings tips, which I am glad to say have got off to a good start. In a way I would have loved to use Sportyy but find the cost prohibitive and their record since going all mathematical – which I am all for – does not justify the fee. Tennis Ratings is predominately a trading advisory service, something I am not quite ready for, but is also offering tips with great statistical analysis and detailed explanations for the bets. I will keep you informed of its progress.

With regards to Football Form Labs, I still haven’t decided whether it gains a permanent membership as I can still forget to check if any bets are up, especially on busy weekends. The quality seems to be there but if their investment arm, Fidens, strike the odds can go fast. Maybe I should just give them a wad to invest for me!

Bookie Update
No closures this month, although Toe restrictions becoming tighter. What is surprising is that Betfred restrictions are getting looser! Betfred has never closed an account, just reduced it to single figure bets but I have slowly been upping stakes and getting away with it! Balalnce was up over £2000 before TFA last weekend. Maybe it is a good thing I gave them back a bit, might extend my betting with them a bit longer.


The other interesting bookie angle is that I am using Betbutler for a fair few of my Narrow Victories bets as their English Handicap draw odds nearly always beat their rivals and certainly the winning margin prices. There have been issues with payment in the past so will keep a watchful eye and will update as and when.

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