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My Way
Betting horses - and/or sports ?
It has been a month since I wrote my last MyWay blog about my exciting project of accumulating €800 monthly deposits to one million. Usually, I write these texts about once a week, but now I have been busy betting horses. On my London trip, I bet English racing and Paris trotting daily, and I went to Kempton Park once. Then in early March, I spent two weeks in Paris and the sunny Riviera, living a walking distance from Vincennes and Cagnes-Sur-Mer racecourses. I went to live racing almost daily - and watched the racing channels during the "rest days" in my apartments. Last week I returned home - to bet and follow the Cheltenham Festival in better working conditions than the chaos of the 40.000 crowds at the racecourse. This week, I have taken my share of the juicy rollover jackpots formed after the Cheltenham Friday surprising results.
Nowadays, I have the luxury of turning my focus to horse racing when profitable investment opportunities are available. My honest, hard-working, and intelligent crew at European Sports Betting Consultants can take almost all responsibility for the Sports Betting Operation - decision-making and practical operations, too. And everything works smoothly because I place virtually all my bets through the Sportmarket site. One-click, and I get the best odds in the world with the stake I can see beforehand - with no risk for bets refused or odds cut.
My team has kept up their excellent work. At this writing evening of the 22nd of March, the net profit per bet has remained in 2,3%. It is almost on the same level as before I left the primary responsibility of investing to my crew. In 15 months, I have placed 8326 bets in the MyWay project. Already this pace, I'll reach one million in already eight years. Still, I hope the new betting markets, carefully raised stake sizes, and marginally improved profit margin will accumulate capital growth.
The race-bets played an essential role in my way towards becoming a successful professional bettor. The horse-betting markets were quite inefficient on those days. Racing was my "first love", so already as 25 years old in 1988, I had much horse racing experience and research - even as a horse owner and a writing journalist.
During the years, the racing markets became more efficient. But then the combination pools like the Scandinavian Pick Sevens, French Quinte Plus etc. started to offer great opportunities for bettors, who were ready to take the time and workload to separate the hundred thousands of the profitable single combinations of the millions of unprofitable.
In betting, the edges come and the edges go. Nowadays, there are more and more robot operations all over the world, so the big jackpots are no more as rewarding as they were ten years ago, when my syndicates (I was a minority owner) scooped many big hits, including £2,6 million in the British Scoop6 and €1,1 million in the Finnish T7. There is often a 10% - 20% expected profit for investment in the complex racing pools, but the problem is that the variance is huge, a killer. It is not a secret that even the best "robot players" in the world can face three years losing run before having four consecutive, bigger winning years.
The better news is that the single-bet markets are recovering in profitability. Some good horse bettors have moved to poker, sports betting, and stocks/options - the markets with more liquidity, better paybacks, and perhaps even more glamour and social acceptance. That has left the market "softer". And the rise of more operators and markets has improved payback percentages for the selective bettor. There are rarely any arbitrages with the horses as they are occasionally in sports betting (easily exploted with the fast Sportmarket software). Still, by finding the market and operator offering the best value, even a horse bettor can bet with only a 1% or 2% disadvantage to be overturned with an analysis edge over the market.
There are odds comparison sites in English racing. Similarly, there are websites where one can find the best price for a horse between licensed french operators. Still, on the racing side, there are no bet brokers with services of a similar level Sportmarket offers (to my knowledge). However, I am not surprised if there will be one soon. That might make me switch back a big part of my operation towards horses from sports betting - so valuable are the bet broker services. But while waiting for that to happen, I'll attack with total energy and enthusiasm to the MLB baseball and the Scandinavian soccer starting soon.
I'll write about these markets on next MyWay-blog.
Welcome to follow - or join - My Way!
What is "My Way"?
I designated an account in Sportmarket earmarked only for this project. I deposited there €800 + €800 in February 2022 and then €800 every month. I started to bet in the same very defensive, risk-averse way as I did when I was young. I write regular blogs on our web page www.esbc.fi, where I follow how this experiment/mission/challenge progresses. I call this mission MyWay.
Follow MyWay! It is not only my twists and turns in this mission, not only nostalgia from my first way towards my first million. You'll learn a lot about betting strategies, my way of thinking and working, risk management, war stories" and nostalgia. Occasionally you'll learn how to win +EV equity in upcoming sporting events for free.
Welcome to join me in MyWay!
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