Back to business
I returned back to business from my summer break today. I had planned to have a holiday until the start of the Premier League but couldn't resist the temptation to start studying EPL and the other starting competitions already.
Actually, I didn't need to return to the sports betting business. During my holiday in Luhanka, middle Finland, I started my new career as a fisherman successfully. I had a catch, which was enough for my dinner. However, a more experienced fisherman told me, the debutant, that there is variance in the fishing, too. So I decided to re-start betting and go fishing a couple of times during the autumn for fun.
In a more serious tone, My employees took care of my capital, even in the MyWay mission, during my break. They did well. The MyWay capital is at an all-time high of €11454 after the August €800 deposit, and the amount won is very close to the all-time-high. The betting capital has doubled, and the ROI per bet is 5%.
As instructed, my crew bet with very little stakes during my holiday and very selectively. There were not that many profitable betting markets to invest in either. And we have no hurry. Already in the pace, my betting capital currently circulates, our target of reaching one million in ten years with an €800 monthly deposit will be achieved (if nothing special happens to the markets or sports in which we bet.
We have made a profit out of all the markets we have been investing in. In Wimbledon tennis, we won as usually but very little, and in baseball, our good run has normalized. But it is very encouraging that football has been the most profitable market because it makes us confident for the future. Football has more betting objects and bigger limits compared to any other sport.
We will increase our stakes slightly during the autumn, but the biggest boost for the capital growth will come from the number of bets we'll make. English Championship and the lower divisions started already last weekend. Premier League follows suit next weekend and the other big European leagues latest the weekend after that. There are so many matches to bet on that one should almost tighten up the betting requirements instead of increasing the risk, that a nightmare sequence of the results in the matches played simultaneously would seriously hurt the betting capital. Of course, one will reach the capital growth target if one has a defined edge in betting and bets conservatively enough to avoid going broke in a bad period. But already a deep drawdown without going bust is enough to slow the capital growth more than the slower capital turnaround.
For three years, I have published my best bets in a web-shop called #Vuoksenmaa. There I have made a net profit of 20% per bet, but because I have placed only 40 "too perfect" bets, the capital of my #Vuoksenmaa project followers have not grown moneywise as spectacularly as in percentages.
I might loosen my criteria for #Vuoksenmaa -bets to get optimal capital growth. 40 bets in 3 years might be too little, 30.000 too much. But I hope I can keep a profit margin of 4% a bet with the help of Sportmarket finding me an extra 1% or 2% percent here and there. That margin with ca. 500 bets a month will turn €800 monthly deposits into million in less than ten years.
For Saturday, I found a really good #Vuoksenmaa-bet in the Championship. The exciting and stimulating autumn has started.
What is "My Way"?
I designated an account in Sportmarket ear-marked only for this project. I have deposited €800 every month since the start of this year, 2022. 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!