Well, the horrific downturn from April continued a bit into May and that dragged down the results to show a second red month in a row. Two heavy weight tipster was to blame, namely Fut Unver and The Betting Man.
When any of the most active tipsters stands out, either positively or negatively, it’s bound to have an effect on the result. This is of course intentional, since these tipsters are meant to be the most reliable in the portfolio so I want to take advantage of them the best way possible, but it also begs the question wether they’re too heavy relied on.
When thy hit an inevitable losing streak, or if a couple of them do it at the same time, heaven forbid, there’s not much chance for all other tipsters to cover up for their losses. This is a lesson learned, especially since Nishi Kori just hit 12 losers in a row in the beginning of June as well. I will probably adjust the staking plan to make the portfolio less vulnerable in the future, but I’ll write more about that in another post.
I should probably write more about my staking and bank management in general, if anyone’s interested?
Here are the results per tipster for May 2019:
Thankfully Nishi Kori could make up for parts of the losses from Fut Unver and The Betting Man.
I decided to stop following Clear Data Sport after showing no signs of recovery. Time will tell wether that was a wise decision or not, but it was just way too time consuming and with too poor results. Sure, the season is long and they consistently beat the closing line, but my gut feeling tells me they’re on the wrong track and I’ve come to trust my gut feeling pretty well with time. Lesson learned: You can’t paper trade a service too little, and sometimes paper trading isn’t enough. I should have put more effort into real bets for a longer period of time last season.
Speaking of gut feeling – I stopped following Master Racing Tipster a while ago and sure enough a couple of months later he threw in the towel and quit his service. A long running service in my portfolio gone, which just once more shows how hard it is to make profit over time in this strange business.
I’m looking forward to the next season and I will probably up the stakes for DD Pronostics after a decent first basketball season. Not sure how to do with the horse racing tipsters, but a rather strong finish of the year is needed to stay in the portfolio. I’ve also got a number of football tipsters lined up, but I’m not sure which ones that will go straight in the portfolio and which ones will stay on trial for another while.
That will be after the summer though. Until then, we will mostly focus on tennis and horse racing, with a little darts and golf on top. Doesn’t sound too bad, does it?