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 record over the last seven days of picks is 24 - 10 (71%).
Don’t expect that every seven days.
We’re bound for a losing streak at some point and, long-term, we’ll be happy being in the neighborhood of 55%. Break-even in Vegas is 52.4% so 55% is more than enough to generate significant profit, especially with some underdog moneyline bets.
And, as always, it is ROI that matters, not our recrod.
That being said, our record indicates that our model, DEV Model, has identified inefficiencies in WNBA betting markets.
Another milestone is that, after yesterday, our Year-to-Date ROI is now over fifty percent at 50.5%.
That’s incredible ROI on very little exposure. Expect that to decline at some point but again, indications are good that this project is working.
Two plays today.
Cheers,
Ben
Picks
WNBA
PHO at IND
PHO -10
UNDER 159.5
Our recommended unit/betting amount is 1% of bankroll per pick, unless otherwise noted.
Recap of Previous Day
WNBA
LVA at CHI
CHI +3 - Win
CHI ML +135 - Win
UNDER 170 - Lost
ATL at DAL
UNDER 156 - Win
Our recommended unit/betting amount is 1% of bankroll per pick, unless otherwise noted.
ROI1
30-Day ROI: 21.0%
Overall Year-to-Date ROI: 50.5%
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 $2,110 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 $5,050.
You can find our ROI sheet here. Check the tabs at the bottom.
Records2
Overall Record: 193 - 158 - 3 (55%)
Project began on 2/6/21.
Spread Picks: 143 - 111 - 3 (56%)3
Over/Under Picks: 29 - 22 (57%)
Total for Spread and Over/Under Picks: 170 - 132 - 3 (56%)4
Moneyline Picks: 21 - 23 (48%)
Moneyline ROI (1% of bankroll per bet): 15.1%
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
All ROI numbers, unless otherwise noted, are calculated at 1% of bankroll per bet. This is our current recommended betting amount.
Overall ROI is the number that matters but many people, especially when they first learn about our project, also want to know our record. Because we offer underdog Moneyline picks it is probable that our winning percentage will hover around 53%.
Note that there were several more Pushes early on that I didn’t record as it didn’t impact winning percentage.
These are picks with 1.91 odds: Spread Picks and O/U Picks. To “beat” Vegas on even odds bets one needs to win more than 52.4% of picks.