This is the Pursue FIRE Each Way Betting Report. Each Way Betting is a side-hustle in testing. Starting with a bank of £500, horses are selected for ‘each way bets’ based on nothing other than their perceived statistical value across a number of bookmakers using specialised software from OddsMonkey
Each month I summarise my results and offer insights, tips, and tricks and show my real numbers. To learn more about Each Way Betting and how you can get started, please check out my Full Guide To Each Way Betting.
Welcome back for another monthly Each Way Betting update! If you missed the write-ups for previous months, you can catch them in all their glory here:
In addition, I maintain a live results page that updates automatically each day as bets are settled. As its becoming bigger (now 6 months) I’m working on relocating this to its own dedicated full-width page to show it in all its glory, but for now, it’s still where it is, but it can be maximised by clicking on the expand button at the foot of the chart 🙂
Before we continue, please note that this post includes affiliate links to OddsMonkey. In my opinion, Each Way Betting would not be possible without the brilliant Each Way Matcher Tool. If you are interested to try it out, please consider following the link. You can try the features out and OddsMonkey offer a full 30-day, 100% money-back guarantee if it’s not for you.
With just one month remaining to close out the year, would December bring festive joy or would results go up in smoke?
Between the Christmas festivities and my finishing work for the year in early December, the month was always going to be a quiet one on the betting front. With three little ones at home, daily trips out to entertain the little blighters always conflicted with putting bets on, so my month concluded on the 18th December.
As always, let’s take a look at how the month panned out in graphical form. The blue bars represent the daily profit or loss, while the green line represents the cumulative profit or loss …
As you can see, despite the reduced betting activity, December was still a profitable month with a decent overall profit of £409. That represents an overall increase in total bank of 19.3%. Since July, that’s a cumulative gross return of 399% taking the starting bank of £507 to £2,529. Awesome! 😉
Let’s get our geek on and look at some trusty stats 😉
In total, just 144 bets were completed across 13 days in what was easily my least active month yet. That’s an average of 11.1 bets per day, with only 3 multiple bets placed.
In total, I turned over significantly less volume totalling just £1,960 through my chosen bookmakers, but this still yielded a very 20.8% return on investment (ROI).
Of the completed bets:
- 11 horses were outright winners (7% of total bets)
- 45 horses placed (31%)
- 88 horses failed to win or place (61%)
“As stressed in prior updates, you should expect the majority of your bets to be losing bets. But its still amazing that its possible to lose your stake 69% of the time, yet return a profit for the month.”
December also brought another big daily high. Following last month (November) when the best daily profit was a stonking £342, the best day in December brought in £331. The worst day was just a modest -£91. This meant that an average daily profit for December was a rather high figure than recent months at £31.43
Of course, there are the monthly OddsMonkey subscription fees to deduct, leaving an overall net profit of £390 (+18.4%) for December.
So with December marking the end of the year, let’s quickly recap what this all means for the results since inception with six completed months under our belts
Since Inception Results
Here is a glimpse of the since inception chart that lives on the live results page, updated through the end of December. As always, this details the daily profit or loss (blue bars) and the cumulative profit or loss (green line)
As the stats table breaks out above, the overall return comes in at just under 400%! A few highlights include:
- 1,795 total bets completed across 121 days. That’s an average of around 14.2 bets per day.
- £16,668 has been turned over through my chosen bookmakers, yielding 12.1% return on investment and generating £2,022 in net profits
- In terms of outright winners, 179 have come in first past the post (10% of total bets); 472 horses placed (26%) and 1,144 horses failed to win or place (64%)
- The best daily profit remains £342, and the worst down day was -£240 (both from November). Average daily profit ticked up to £17 overall.
- In terms of bank highs and lows, a few pennies were added to the new high water mark of £2,596 (which would represent a 412% return), and the low point is all the way back in July when we hit £464 (which would represent a -8.3% overall return) – that’s a pretty compelling risk
- Net of all OddsMonkey subscription costs (6 months), overall profit is now £1,914 (or +378%).
As shared during the month here, I have setup a dedicated community for Each Way Betting should you wish to connect and chat with other people following the strategy.
It has been great to see a number of people join and get involved and I hope we can continue to grow numbers as we share and discuss results, strategy and other tips and tricks.
If you’d like to join up you can read more about it here, or by clicking on the Slack invite here:
In response to growing questions about tracking betting activity, I shared my own spreadsheet approach in a recent post, in which I gave a walkthrough of how I approach things. If you wish to download a copy and tailor it to your own needs you can do that via the post or also here:
“Note: You’ll need to make a copy of this spreadsheet in order to make it editable and make it your own. Please don’t request access to edit. I will not maintain my own records in this version from today”
So, that’s me! How are you getting on with Each Way Betting? I’d love to hear how you’re getting on.
And don’t forget the Full Guide to Each Way Betting if you need any guidance.
Until the next time