It was another great year for us with last month being the icing on the cake for 2018. We couldn't match 2017 in terms of profit but we surpassed it in terms of yield with 27% being the best in 3 years. I have decided to make this review slightly unconventional and more an educational one. I will not bore you too much with stats as most of them are easily accessible anyway. Just a few useful numbers first before we move on to the main topic.
Number of picks: We didn't reach the goal of having at least 100 picks/year ending with 86 for 2018. Obviously losing half of October due to the construction of the new site of Tipstersplace didn't help as that is usually the busiest time of the year. No matter. The final profit numbers are still very satisfying.
Drawdowns: Our worst drawdown for 2018 happened between late September to late October with 8 consecutive bets and 13 units lost. Still a very manageable drawdown, hence my suggestion for an alternative staking system I mentioned back in my 2017 review for anyone interested in maximizing profit.
NBA: An excellent restart for the NBA picks. We have had 8 during the last couple of months with 3 of them landing for a total of 5,52 units of profit.
Now let's talk about luck! Luck and its influence on short-term results. The reason I decided to talk about it now is because we have just experienced such a wave of bad luck recently during the month of October when we lost 5 bets in heart-breaking manner in the last seconds of the games (Khimki, Olimpija, Neptunas, Nanterre and Lietkabelis). We also won one in a similar fashion that month (Zalgiris).
In normal circumstances for a game that goes down to the last shot like Milan-Khimki, one would expect to win more or less half of this kind of bets depending obviously on the type of shot being taken. In other occasions like the PAOK-Nanterre bet when Nanterre were leading 79-82 with 18 seconds left that percentage goes much higher obviously, in my estimate roughly to 70% empirically speaking as no such stat is available. But for simplicity's sake let's assume it's always 50%. Basically it's simply a toss of a coin at that point as anything can happen, a 50-50 scenario. (A small disclaimer. Assigning a 50% probability to win bets decided in the last seconds is an over-simplification but certainly not that far from reality).
October ended with a loss of 2,66 units, winning just 1/6 of this kind of bets I mentioned earlier. Let's take the hypothetical scenario that we had won all of those 6 bets. That would have meant a profit of 21,98 units for that month and close to a +25 units upswing for the year. Would it have been unrealistic to expect such an outcome? Well, as unrealistic as expecting to get only heads if we had tossed a coin 6 straight times, meaning highly improbable but certainly not impossible. The percentage is less than 2%. On the other hand the percentage of winning no more than once in 6 bets of this kind (meaning getting heads no more than once after 6 tosses) is just under 11%. Yet that's what happened in October more or less! Perhaps it becomes a little more clear now that when we are talking about luck, we are essentially talking of randomness of results in the short term or variance.
I don't mean to bore you with numbers and probabilities but sports betting IS a game of numbers of probabilities. What I'm trying to say is not that we have been unlucky in 2018. In the month of October sure, we have been very unlucky. Overall I wouldn't consider 2018 an unlucky year though, or to put it another way, we weren't penalized excessively by randomness.
The point I'm trying to make is that luck or randomness if you prefer, will always play a big role on short-term results and its influence should not be underestimated or misinterpreted. Especially for a selective service like ours, an unfortunate couple of months is enough to compromise or even ruin an entire year's results. On the other hand the opposite is also true. As you have seen, an extremely lucky October would have meant another 25 units of profit for us in 2018! Of course as time passes and bets accumulate, the influence of luck diminishes and in the long term will eventually be irrelevant.
That's why ultimately I don't believe in luck. As Roman philosopher Seneca wisely said: "Luck is what happens when preparation meets opportunity".
You always have to be prepared enough to recognize the opportunity when it comes your way. To other people it may look like luck when you succeed but you know better!
Once you fully realize the influence of randomness, you will be able to make more educated decisions regarding your sports betting, including evaluating tipsters and their results more accurately. But that's for another entry in my blog coming later in 2019!
That's all for now. As always, a big thanks goes to all of you, my subscribers, for your trust and I will be trying my best to maintain the same level of performance for 2019 (randomness permitting!:) and beyond.
A fantastic month to finish off 2018, our best ever here at Tipstersplace and it was really long overdue considering that both October and November could have easily ended with a double-digit profit with just a little bit of luck.
Obviously the Denmark-Belarus game made the big difference for December and it's one of those rare occasions that the bookies totally miscalculate the odds, pricing the win of Belarus at almost double of what actually should have been! How is that for a Christmas gift? :) It was a match Belarus controlled from start to finish and if it wasn't for some late-game heroics by the Danes, it would have been a much more comfortable scoreline in the end. No matter. Glad we managed to take advantage and get surely the most satisfying winning bet of the year 2018.
Speaking of which, my yearly review should be ready next week, so be sure to check it out as there will be an interesting thing called "luck" to talk about and why it's so crucial for every bettor to understand its influence. Stay tuned guys and have a Happy New Year!
A small profit of 3,34 units for November but with just a 5/14 hit rate I suppose it was impossible to expect much more than that. After all the bad luck we had to endure last month, we finally had a game winning shot going our way in the Kymi-Peristeri match but overall despite ending in green it was another frustrating month.
Several of the teams we backed, most notably Spain, Neptunas, Portland, Varese have simply underperformed badly on matchday. Spain had a simply atrocious shooting night (36,5% field goal percentage) and despite tying the game 67-67 with less than a minute left, they just couldn't find the winning shot. Neptunas were another big disappointment. We backed them at 1.83 and odds kept shortening all day ending close to 1.35 but they simply failed to deliver. Portland were a no-show against Milwaukee losing incredibly by 43 points in another crazy NBA result and Varese were another under-performer losing to a Reggiana team who now sit last in the Serie A standings and have won only once in their last 7 games (you guessed it, that's against Varese!) and have lost even to lowly Pistoia at home.
Anyway, it's all water under the bridge now and we move on to the last month of the year. Hopefully we will have a more consistent and profitable December to end 2018 and add to our yearly profit. Take care guys!
What a pity... What could have been a fantastic month, actually turned into a nightmare. Call it bad luck, call it variance, the truth of the matter is that we were heavily penalized by it last month. Khimki, Olimpija, Neptunas, Nanterre and Lietkabelis all lost their respective matches in the last few seconds either by not scoring their last shot or making some silly turnover. Especially Nanterre, well no other way to put it other than they simply committed suicide! No professional team is permitted to lose a match this way.
In the end it was a month that excluding Zalgiris's overtime victory, pretty much anything that could go wrong, actually went wrong for us and unfortunately it's one of the months that can really define a whole season. Consider this. If all 5 bets were won which could have easily been the case, we would looking at our best month ever with over 20 units of profit! If just one of them had landed we would have still ended October in green. That's a hard pill to swallow...
No need to get overly frustrated though. Just keep one thing in mind. The wheel turns. Form and luck are temporary, skill is permanent. We will get them next time.
Okay, some updates. You may remember that back in my 2017 review I mentioned I was considering droping the NBA from the competitions we are involved in and replacing it with the Italian Serie A2. Well, that plan is still a future possibility but for the time being we remain as we were. The reason is simple. During the summer I have been working on making some adjustments and tweaks in my selection process and formulas especially for the NBA and I'm hopeful those will pay off. Not so much in terms of immediate profit of course which we can't control but mostly regarding the number of bets we get from the NBA. So something like 5-6 bets/month would suffice to keep me involved. The following 2-3 months will probably determine a lot in that regard.
A very busy month ahead so time to get back to work! I will talk to you again soon guys.
Hello guys! A new month, a new season and as you have noticed a new site. Unfortunately some technical difficulties prevented us from going live a little sooner and not everything is fully operational yet but I'm sure in the next few days everything will be sorted out. I will keep this very brief as this a hectic period and I'm having some connectivity issues as well but hopefully will get a chance of giving you an overall update by the end of the month or early November.
Not a memorable month but still a positive one considering all the misadventures we had to endure during May.
But let me explain. Firstly as I have already mentioned, our long-term bet with Baskonia was ruined by Granger's injury. Then despite winning both our bets on Promitheas, it was really a small miracle if you think that 3 key-players of Promitheas (Ellis, Milosevic and Hall) were discarded a few moments before the start of the match for various last-minute physical discomforts! And finally two really frustrating games lost backing Avellino. Don't get me wrong. I would have still made the exact same choices and especially the second game's closing odds at Pinnacle (2.28) pretty much tells the whole truth. We backed them at 2.85 so we again secured huge value with our bet but Avellino were simply unrecognizable that day. In the first game when Avellino performed much better and came close at upsetting Trento, we were unfortunately penalized by the officiating style of the referees who permitted an over-aggressive game from Trento.Under all these circumstances I'm even a little surprised we managed to escape with another 3 units of profit for the month!
There are only a few playoff games in Spain, Italy and Greece left for June, so now it's a good time to talk about the future schedule and plans.
Usually the summer break would coincide with the end of these playoffs but extraordinarily this year there will be a window of games (June 28 - July 2) for the World Cup 2019 Qualifiers. In case you don't remember the last couple of windows for the same competition proved extremely profitable for us with all 5 bets landing, so hopefully we will get a few more winners during the upcoming windows.
Here are the previous results:
24/11/2017 - Netherlands(@2.75) - Croatia 68-61 WON (+3.50u)
26/11/2017 - Ukraine - Turkey(@3.85) 60-67 WON (+4.20u)
27/11/2017 - Finland - Czech Rep.(@2.62) 56-64 WON (+3.24u)
25/02/2018 - Georgia - Germany(-firstname.lastname@example.org) 77-87 WON (+1.66u)
25/02/2018 - Iceland(@3.22) - Czech Rep. 76-75 WON (+3.33u)
For the rest of the summer we will be inactive and then we return again for another window of games (13-17 September) for the World Cup 2019 Qualifiers which practically marks the start of the new season for us. The rest of the competitions we are involved in start roughly around the end of September-start of October but there are no official schedules announced yet.
To sum everything up here are the dates to keep in mind:
- (June 28 - July 2) World Cup 2019 Qualifiers
- (September 13-17) World Cup 2019 Qualifiers
- End of September-start of October (Start of season 2018-19)
That's all from me for the time being. Obviously I can't possibly know yet how many picks there will be during June and the upcoming windows for the World Cup 2019 Qualifiers but in any case we will be here to take advantage of any opportunities.
I will get back to you guys around mid-September to give you an update of the new season schedule and plans.
Have an amazing summer!
April was a fine month to get us back on track after a poor March, although our last pick did leave a bitter taste in my mouth if I'm being honest. Milano at their worst performance of the season while at the same time Pesaro were simply flawless. In fact the result provoked plenty of rumours in Italy that maybe Milano simply gave the game away to Pesaro and while everything remains speculation at this point, there was definitely something strange in the way Milano approached the game both mentally and tactically. Anyway no need to cry over spilt milk. We move on. It goes without saying that we will not be backing Milano again anytime soon.
Our long-term bet unfortunately didn't pay off. Practically every chance Baskonia had of eliminating Fenerbahce was ruined by Jayson Granger's injury just before the start of the series considering he is simply irreplaceable for this team for what he brings at both ends of the floor. Obviously I would have never backed Baskonia had I known they would have to play all the crucial playoff games without him. A pity but this is one of the risks involved with every long-term bet.
May is already upon us and with the schedule getting thinner with every passing day, I don't expect a very busy month. Most of the times the bookies price late season and playoff games quite accurately but you never know. In any case we will be here to take advantage of any market inefficiencies. I will talk to you soon guys!
A poor month obviously but a bad schedule as well. Once or twice every year there are these periods when either the match-ups or the odds are simply inadequate for betting and in these cases my tactic has always been that of restraint and limited activity. No sense in taking unnecessary risks.
March marks also our first negative month since May of last year and it was to be expected at some point after a very successful and profitable period that lasted 6 months and earned us a little over 47 units. We would all want every month to end in green of course but sports betting, like many other things in life, works in circles. Bad runs follow good runs and vice versa. The only thing that matters ultimately is making a long-term profit and we should never lose sight of that goal.
Luckily the fantastic February we have had means we are still left with a healthy 14 units of profit for 2018 and will be looking to build on that. The key now is limiting losses as much as possible while the negative streak lasts and have no doubt that better days will return.
On a positive note regarding our long-term bet, Baskonia defeated Maccabi in a crucial game last week which means the spanish team has now secured a place in the playoffs and are waiting to find out their opponent. Still with a good chance of grabbing 6th place and avoiding both CSKA and Fenerbahce in the quarter finals but we will see how the last round of the Euroleague plays out this week.
Take care guys and I will keep you updated.
Well, an amazing month for us obviously with 17 units of profit and a good base to build upon for the rest of 2018. While bets in the higher odds range produced only a tiny 0,33 units with 1 out of 4 landing, the handicap bets were a totally different story. In fact we had a perfect 7/7 in February which produced almost all of our profit for the month.
The FIBA World Cup Qualifiers at the end of the month provided us again with two excellent value bets with Germany and Iceland and in truth we could have had another couple with Romania vs Italy and Finland vs Bulgaria (backing the visitors in both cases) but odds were very sensitive for Bulgaria's win crashing very quickly from the initial 3.42 at Pinnacle when liquidity was really limited while in Italy's case I was a little hesitant after Romania's huge wins over Netherlands and especially Croatia. In the end Bulgaria lost, Italy won comfortably, so luckily we didn't miss out on a huge profit eventually. There were will be another window of World Cup Qualifiers in the summer with Euroleague and NBA players probably joining their national teams this time, creating new balances yet again but looking forward to it and we will see if we can find a few bets then as well.
Have a great month guys and I will talk to you soon!