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.
The subscription price is currently $20 a month.
Hi Everyone,
We went 4 - 1 - 1 last night with both a Moneyline win and a rare Push (which means neither side wins and the wager is refunded by the sportsbook).
To illustrate how powerful underdog Moneyline bets can be, yesterday’s Moneyline win took us from 1.7% ROI for the day to 3.2% ROI for the day. Basically, one underdog Moneyline play was worth our other five bets (three of which won) combined.
It’s nice to be on the right side of the ledger after a few days with more losses than wins.
September ROI is now positive at .9% and 30-Day ROI remains excellent at 5.5%.
Year-to-Date ROI is 43.8%. By comparison, the S&P 500’s YTD ROI is 18.8%.
Although our record is much less important than our ROI it is helpful to note that we are now 55% on our Spread Picks and 59% on our Over/Under Picks. Both are elite win rates for these type of bets (break-even is 52.4%).
As always, everything is on our sheet here.
From tomorrow, this newsletter will go back to being a paid subscription newsletter, although I’m going to keep the price substantially lower than normal for a few days, at $20 a month, as we have had about twenty new sign-ups who are are still getting acclimated to the project.
After that the monthly subscription price will return to $50 a month.
Given our ROI, for anyone with a bankroll of $2,000 or more, $50 a month, historically, is well worth it.
If you are interested in this project, but do not want to subscribe, I encourage you to sign-up for our free, monthly “letter-to-shareholders” newsletter here.
One game today, starting at 3:00 PM.
Cheers,
Ben
P.S. We now offer a referral bonus.
If you refer someone who subscribes as a paying customer, at $20 a month, they will get one week free-of-charge and you will get one month free-of-charge.
To claim the bonus, the new subscriber should reply to my “Welcome” email with something like, “I was referred by ben123%^@gmail.com” and I will comp you both a subscription.
We offer a pro-rated refund anytime.
This bonus is only available for people who are already paid subscribers, although if you subscribe now and then refer someone who subscribes an hour later you will receive the bonus :-)
Do with this information what you will.
Picks
WNBA
DAL at LVA
UNDER 164.5
DAL +10.5
Our recommended unit/betting amount is 1% of bankroll per pick, unless otherwise noted.
Recap of Previous Day
WNBA
WAS at CHI
CHI -8 - Push
UNDER 166.5 - Won
IND at MIN
UNDER 158.5 - Lost
SEA at LAS
LAS +8.5 - Won
LAS ML +2.45 - Won
UNDER 153 - 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: 5.5%
Overall Year-to-Date ROI: 43.8%
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 $550 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 $4,380.
You can find our ROI sheet here. Check the tabs at the bottom.
Records
Overall Record: 204 - 173 - 4 (54%)
Project began on 2/6/21.
Spread Picks: 146 - 116 - 4 (56%)
Over/Under Picks: 36 - 28 (59%)
Total for Spread and Over/Under Picks: 182 - 144 - 4 (56%)
To “beat Vegas” you need to hit more than 52.4% of your Spread and Over/Under bets.
Moneyline Picks: 22 - 27 (45%)
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
Referral Bonus
If you refer someone who subscribes as a paying customer they will get one week free-of-charge and you will get one month free-of-charge.
To claim the bonus, the new subscriber should reply to my “Welcome” email with something like, “I was referred by ben123%^@gmail.com” and I will do the rest, comping you both a subscription.
This bonus is only available for people who are already paid subscribers.
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