Hi Everyone,
As many of you know, we paused picks (and billing) on December 17th as projections became more difficult with so many players out due to Covid protocols. Picks remain paused as the Omicron variant is surging across Canada and the U.S.
December Return on Investment (ROI) was 1.8% on only 42 picks.
We think of this project as a sports betting index fund and make our comparison to the S&P 500. December ROI for the S&P 500 was 5.3%. Again, our December ROI was 1.8%.
Year-to-Date (YTD) ROI for the S&P 500 is 27.3%.
YTD ROI for Benbo Bets is 44.1% on 787 picks.
We started the Benbo Bets project on February 6th so the S&P 500 has an additional month of growth (January) for YTD numbers.
Our December record was 17 - 25 (41%) on bankroll exposure of 14%. Even with a losing record we were still profitable because of our underdog Moneyline picks.
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.
So, where does this leave us after eleven months of picks?
Here are the positives and negatives.
Negatives
On September 2nd, our ROI was 44%. At the end of December our ROI is 44%. Over the past four months, we have zero net increase in ROI. This means if you signed up for a paid subscription on September 2nd you have made zero profit and have lost money paying the $50 subscription fee for our newsletter each month.
We still haven’t hit 1,000 picks and thus we don’t yet have enough data to know if this project will work long-term (professional sports bettors recommend getting to 1,000 picks before deciding if a model “works”).
This project requires a significant amount of time and effort, particularly for the person running the projections each day. While much of the model is automatic, accurately predicting minutes played requires a significant amount of labor.
Positives
After eleven months, and 787 picks, we have an ROI of 44.1%. This is 62% better than our comparison fund, the S&P 500.
There was little risk. The most exposure, on any given day, was 16%. This means if you made our picks, at our recommended amounts, you never risked more than 16% of your bankroll on any given day.
There are indicators that our project is working but still nothing definitive.
As the Omicron variant washes over the country picks are on-hold for now. As always, please don’t hesitate to contact me with any questions, comments, or suggestions.
Sincerely,
Ben
Month-by-Month ROI Percentage
Month/Benbo Bets/(S&P 500)
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)
September: -4.2 (-4.8)
October: 5.9 (5.7)
November: -2.4 (2.0)
December: 1.8 (5.3)
Year-to-Date: 44.1 (24.3)
Return on Investment
Year-to-Date ROI
This project started on February 6, 2021.
The Year-to-Date ROI is 44.1% (on 787 picks).
If you started with a bankroll of $10,000 on Day 1, you have made $4,410. At $50 a month subscription fee, your profit is $3,860.
Record
Overall Record: 401 - 376 - 10 (52%)
December Record: 17 - 25 - 0 (41%)
Maximum Bankroll Exposure: 16%
Legal
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.