August ROI was 14.4%
August was our best month to date – almost ten percent better than February, our previous best month.
The Return on Investment (ROI) for August was 14.4%. By comparison, ROI for the S&P 500 over the same time period was 2.2%.
Year-to-Date (YTD) ROI for Benbo Bets is 42.6%. By comparison, YTD ROI for the S&P 500 is 20.6%.
We think of this project as a “basketball betting index fund” where each bet makes up a tiny component of the overall fund. Thus the comparison to an index fund tracking the S&P 500 is a useful one.
Furthermore, while our record for August was fine at 41 - 29 - 1 (59%), the number we are focused on is ROI.
ROI is the number that determines if this project is worthwhile or not. Amateurs look at the record. Professionals look at ROI.
We currently have 151 subscribers to the Benbo Bets Newsletter of whom seventeen are paid subscribers. Free subscribers receive our newsletter with our picks only for Monday. Paid subscribers receive our newsletter with our picks every day there are games. Our current subscription price is $50 per month.
We have had little engagement this month from our subscribers, free or paid, and I suspect that people are more interested in betting on the NBA, as the NBA receives much more media attention, and that people are not interested in betting on the WNBA.
This is a mistake.
Compared to the NBA, oddsmakers are not as sharp on the pricing of WNBA games so we think there is more inefficiency to exploit in the WNBA market.
This is a “basketball betting index fund.” Every edge matters in maximizing ROI.
As always, you can find all of our numbers on our public Google Sheet. Check the tabs at the bottom to find the particular sheet you want.
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Recap of August1
August ROI: 14.4%
August Record: 41 - 29 - 1 (59%)
August Bankroll Exposure: 11%2
August Record and ROI by Type of Bet
Moneyline: 6 - 7 (46%)3
Moneyline ROI: 3.8%
Over/Under: 20 - 14 (57%)
Over/Under ROI: 4.2%
Spread: 15 - 8 - 1 (65%)
Spread ROI: 4.0%
August Record and ROI by League
Olympics: 4 - 3 (57%)
Olympics ROI: 1.0%
WNBA: 37 - 26 - 1 (59%)
WNBA ROI: 13.4%
Month-to-Month ROI as Compared to the S&P 500
Month/Benbo Bets/(S&P 500)4
February: 13.2 (2.8)
March: 3.5 (4.2)
April: 4.2 (5.2)
May: -3.7 (0.6)
June: 6.2 (2.2)
July: -.1 (2.3)
August: 14.4 (2.2)
Year-to-Date: 42.6 (20.6)
This project started on February 6, 2021. The Year-to-Date ROI is 42.6% (on 346 picks).
If you started with a bankroll of $10,000 on Day 1, in seven months you would have made $4,260.
Overall Record: 187 - 156 - 3 (55%)5
Historically, our picks have done well. However, past performance is no guarantee of future performance. We assume no responsibility for how the picks will do in the future and/or the actions you take with the information we provide. You agree not to hold us responsible or liable for any results that may arise from betting on any of the picks offered.
Unless otherwise noted, ROI is calculated with betting amounts at our recommended 1% of bankroll per bet.
Exposure refers to the amount of bankroll that was wagered, or exposed, on any given day. The greatest number of picks we offered on any given day in August was eleven. Our recommended betting amount is 1% of bankroll per bet. Therefore, the greatest amount of bankroll exposure in August was 11%.
All ML bets were underdogs bets with asymmetric payouts. Therefore, even with a losing record. there is the potential for positive ROI.
All ML picks were underdog picks.
Parlay Picks were a recommended bet of .2% of bankroll.