What is Benbo Bets?
We’re a sports betting index fund.
If you’re new to the project I encourage you to read my “What is Benbo Bets?” post here and my “letter to shareholders” here.
For the week of September 5, the newsletter is free.
Hi Everyone,
Our losing “streak” continues. We went 2 - 4 last night. I put streaks in quotation marks because, of course, games are discrete events. There are no streaks.
This run of losses is part of being a sports bettor. It’s not as fun as winning but it is part of the game.
As always, we keep on our eye on long-term, positive ROI.
Two plays for the first game now. Rest to follow.
Cheers,
Ben
Picks
WNBA
WAS at CHI
CHI -8
UNDER 166.5
IND at MIN
SEA at LAS
Our recommended unit/betting amount is 1% of bankroll per pick, unless otherwise noted.
Recap of Previous Day
WNBA
NYL at DAL
NYL +4.5 - Won
NYL ML 2.65 - Lost
OVER 158.5 - Lost
CON at PHO
PHO +3.5 - Lost
PHO ML 2.55 - Lost
UNDER 148.5 - Won
Our recommended unit/betting amount is 1% of bankroll per pick, unless otherwise noted.
ROI
All ROI numbers, unless otherwise noted, are calculated at 1% of bankroll per bet. This is our current recommended betting amount.
30-Day ROI: 3.6%
Overall Year-to-Date ROI: 39.4%
Because a subscription to our newsletter is charged per month/per year we find it helpful to calculate ROI in 30-Day and YTD increments.
If your starting bankroll was $10,000, and you bet our picks at our recommended amounts, you have made $360 in the past 30 days of picks.
If your starting bankroll was $10,000, and you bet our picks at our recommended amounts, from the start of this project, you have made $3,940.
You can find our ROI sheet here. Check the tabs at the bottom.
Records
Overall Record: 200 - 172 - 3 (53%)
Project began on 2/6/21.
Spread Picks: 145 - 116 - 3 (54%)
Over/Under Picks: 34 - 27 (56%)
Total for Spread and Over/Under Picks: 179 - 143 - 3 (56%)
To “beat Vegas” you need to hit more than 52.4% of your Spread and Over/Under bets.
Moneyline Picks: 21 - 27 (44%)
All Moneyline Picks are underdog picks and offer an asymmetric payout.
Parlay Picks: 0 - 2 (0%)
Parlay Picks were a recommended bet of .2% of bankroll.
Maximum Exposure (most amount of bankroll exposed on any given day): 14%
The recommended betting amount is 1% of bankroll per bet.
Google Sheet
Google Spreadsheet, with all of our picks and ROI, here.
Be sure to check the Tabs at the bottom of the sheet to find the sheet for which you are looking.
Letters to Shareholders
Refunds
Reply to this email with the word “Refund” and a pro-rated refund will be processed within 24 hours.
Since the start of Benbo Bets, two subscribers have asked for refunds. I asked one of them, Victor, to provide a testimonial explaining how easy the process was (reprinted with his permission):
Ben has been communicative and given me excellent customer service throughout the entirety of my subscription period. He always responded to my questions, so it was no surprise that when I asked to cancel and for a pro-rated refund, he replied quickly granted my request.
So yeah, it’s that easy :-)
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.
If you think you have a gambling problem call the National Problem Gambling Helpline at 1-800-522-4700 or visit ncpgambling.org