I asked my friend, who love sports betting, what kind of money management he has.

He said:”Every weekend I take $200-$300 and this is my bankroll. I bet $50 per game and that’s it. And then the next weekend the same.”

Well, this is not a bankroll. He basically takes money from his monthly income stream and bet what he has. If he lose that money, he takes more. In many cases such behaviour is very dangerous.

Bankroll is something, that you can lock for some time. Bankroll is something, that you don’t need for a living. Bankroll is something that you risk and hope that it will raise. The richest people in the world generated at least 5 different incomes and relying on only one “speculative investment”, which sports betting for sure is, is very very dangerous.

The first rule is that you never bet money that you can not afford to lose. You should not rely on sports betting money to pay monthly bills and you should not expect that you will win every month. If you understand this, if you bet with the money that you don’t need for a living and if you stick with bet size, that is around 1% of your bankroll, then you are already better than most bettors in the world.

Because you know…I like to say, that bettor who has strong money management but losing picks, will always survive. Maybe he will have bad season, maybe he will decide later that betting is not for him, but because he has separate money for betting and because he has some kind of money management, he will survive for sure.
On the other side bettors with winning picks, but without any strategy will not survive. Usually they lost everything in just 2-3 weeks, after they had for example 6-7 good months. And then troubles starts. Some people start taking more and more from their monthly income streams and this is where the things become very dangerous.

We all like to talk about bankroll, but the reality is, that only few have bankroll and only few work on it.

There is a difference between bankroll and a budget. If you take money from your income stream for gambling activities all the time, you are on a BUDGET. If you lose money all the time and if you don’t have bankroll especially for risk investments, then you are on a BUDGET.

There are three types of gamblers that are on a budget:

First group of gamblers will fund their gambling activities from their monthly income stream and they will spend more than they can afford. They will rather gamble than pay monthly bills, even food.

The second group are gamblers who will still take money every month from their income stream, but they are smart enough to understand how much they can take. They will bet only the money they can lose. This is the money they would spend for some “unnecessary” things anyway. They will bet without any strategy and they do this for fun, which is totally ok.

And there is a third group of very few that work on building a bankroll. Your betting fund only becomes a bankroll when you stop taking money from your income stream and you take out all of the money you took previously when you were on a budget.

When this happens we can start talking about BANKROLL. It will take some time and nothing comes over night.


One of the first things is for sure mindset. When you know that you risk money that you can lose without any serious consequences, you can be more relaxed, you will not find yourself in a “must win” position and you can even survive negative season which will not be a disaster. Some smart professional investors have couple of bankrolls and they have money on the side if something bad happens.

Smart investors from other fields (not sports betting related) would say, that the best money invested is that money, where you almost forgot on it. There were couple of cases I know from crypto world, where they forgot on their early bitcoin investments and later they saw, that they have millions of dollars. Of course you will not forget your money in sports betting, because we bet every day, we must analyse games every day, but money for betting should be definitely money, that you decide to forget from the day one. With this in mind, you can focus on finding the real value bets and not putting yourself in a must-win position every day.

Do You like more stuff like this?

Sign up for FREE and get some exclusive free content into your email inbox.

​Let’s say, that I tell you: “Mercedes is a very good car. Buy a Mercedes for $40.000”

You decide that you will buy this car. But when you want to buy a Mercedes, the price jumped to $46.000. Will you buy it or not?
You don’t know, because you don’t know the true value of Mercedes. And I also didn’t tell you the true value, because I simply don’t know how to estimate the true value of this car.
The basic concept in our life, when it comes to money is that we buy things for low price or at least for fair price. It is the same with all kind of investments (buy low, sell high), it is the same concept when you go to a store or a market,…and it is the same concept when it comes to a sports betting.
If you always buy things, that are overpriced, you will lose money. Right?
Making a pick is very easy. Anyone can make a pick and I would never pay for a pick.

Example of picks:
  • ​Bet on Lakers -7 (1 unit)
  • Bet on Boston Red Sox +124 (3 units)
  • Bet on Real Madrid @1.78 (1.5 units)
The problem is…
that those prices are changing all the time in sports betting. I don’t believe, that Mercedes price is changing every 10 minutes, but in sports betting and some other investments, especially speculative, the prices are changing all the time.
To make money, you need to buy things for the right price. If you buy high and sell low, you lose. If you buy low and sell high, you win.
I hope that you understand the concept of a value and how important is to bet on the right price (if not – sign up for my 7 day free online betting course, where I talk about those things).
What will you do, if you follow someone and you get those prices:
  • ​Bookmaker: Lakers -8
  • Bookmaker: Boston Red Sox +110
  • Bookmaker: Real Madrid @1.97
Will you bet on
  • ​Lakers -8?
  • Boston +110?
  • Real Madrid at 1.97 only 1.5 units, despite the price went up?
You don’t know, because you didn’t have the projections or if you like you didn’t have the winning percentages to see what to bet, when to bet and how much to bet.
And here we come to PROJECTIONS.
Projections will tell you the price. Projections will tell you your winning percentages, your spreads and your totals. The basic concept to win at sports betting is to bet on games, where you give your team better winning percentage than bookmaker. I hope you agree with me. Those projections are made independently and without bookmakers. When I make projections for NBA for example, I estimate my own spreads and then later bookmakers throw out their lines. I simply compare my prices with their.
Example of projections:
  • ​Lakers -12
  • Boston +160
  • Real Madrid 1.30
The projections will tell you this:
  • ​Play Lakers if you get Lakers -11 or better (-10, -9, -8,…depends on betting model and method)
  • Play Boston for the price of +161 or more (depends on the method)
  • Play Real Madrid for the price of 1.31 or better
In other words (if we take Boston example):
  • ​I will play Boston only if someone (bookmaker) will pay me at least $160 for my every risked $100.
  • Or for example….I will buy a Mercedes only if the price will be $41.345 or less
If the bookmaker will pay me only $110 (the odds of +110), I will not bet on it, because I will pay too much. Paying too much all the time = losing money.
Betting on the wrong price = losing money.
When I started betting I must say, that I understood the concept pretty quickly. The biggest problem was how to estimate the odds, how to calculate winning percentages. I already understood, that betting on the right price is the key concept. But I also knew, that creating some imaginary price in my head is also not the right way.
Bookmakers were smarter and smarter and even those local bookmakers didn’t make any mistakes more. The prices were sharper and sharper and I was trying to find the way how to estimate my own odds and winning percentages.
Of course this can not be made in your head without any formulas or without betting model. I hope we all agree with this. Owners of sportsbooks don’t wake up in the morning and take a paper and say: “ok, Lakers will be -3, Celtics will be -4,…or maybe -4.5….let it be -3.5…”

So, if I have pick from someone: “Boston +124”, I simply don’t know what to do with this. It is almost not possible, that the price is the same.
I also don’t know if I should buy a Mercedes for $46.000. Right?
And the pick without projection is almost useless. Betting without previously projecting the winning percentages, is nothing else than – guessing. Some handicappers can guess well, but at the end of the day, if you follow them, you will not know when you should bet the game or when you should stay away.
  • PICKS will tell us nothing else, than what to bet 
  • PROJECTIONS will tell us for which price you should bet something
And the price is the key! 
Want more stuff like this?

As a young and resourceful person who wants to keep up to date with the latest technological developments, it is a no-brainer that you will have invested in bitcoin. As an every growing cryptocurrency that is breaking the mold in the way people handle money, this innovative and ground-breaking invention is something you just have to get involved with. One thing you might not know you can do with bitcoins, however, is to place bets and indulge in some light, responsible gambling. After all, everyone likes a little flutter! In this following how-to guide, you will get some of the vital information any beginner needs to know about betting with bitcoin, so you can be well informed before you start this fun little venture.

Being responsible

Before you start placing bets or playing games such as online poker, the first and foremost thing you need to be aware of is how to manage your bitcoins responsibly so your money is secure and protected, and you will be pleased to know that it is easier than you may initially think. One suggested idea for doing this is to take whatever money you want to invest and place part of it into a bond, so its money that is traditionally protected, and then invest the remainder into buying bitcoins. This approach allows you a kind of insurance so that whatever happens with the fluctuating values of both traditional physical currency and your bitcoins, you will never be out of pocket and your investment cannot fail.

The advantages

So, why start placing your bets with bitcoin as opposed to traditional money or credit anyway? Well, you will be pleased to hear that there are many advantages to betting with bitcoin. For example, unlike regular betting, the use of bitcoin incurs little to no transaction fees meaning you can save money, and your winning payouts can be in your bitcoin wallet in mere minutes, so there’s no waiting around for your well-deserved winnings. The main pull of betting with bitcoin, however, is that it is so much safer. Instead of having to hand over all your card details, bitcoin requires only an address and your private and public keys. The whole bitcoin system is encrypted and thus near impossible for anyone or any computer to hack into.

Playing online

You can not only place bets online but also play fun games such as poker on reputable websites such as games.bitcoin.com. Websites such as this offer an again safer gambling experience and have taken extra care to ensure their gambling platform is easy to use, with accessible information for your peace of mind. By using a website that allows you to gamble with bitcoins and provides fairness and security, you can sit back and simply enjoy the experience without having to worry.

Bitcoin is growing quickly and is an investment you will definitely want to make which, in turn, will make your betting and gambling a safer, more enjoyable experience right from the get-go.

Bitcoin reached the price of more than $7000 in November 2017 and there is one bookmaker, that offers the best bonus in the world.

I am in sports betting business since 1998 and I never saw such a big bonus. This is the biggest welcome bonus in the world. 5 BTC is equivalent to $35.000 in November 2017. Of course, bitcoin is a new currency and is still not stable, but since the beginning it is growing and even if it drops little bit, this is by far the biggest bonus in the world.

Cloudbet is my one of my favourite bookmakers. It is especially great for point spread betting, like NBA, basketball, NFL,…

But if we compare the good looking site and welcome bonus, Clodubet is probably the best bookmakers I have ever experienced. Not only, that they are doing already great job, they also paid 160 BTC (Oct 2017) in Online Casino to one person ($890.000). Which is great. If you research bookmakers on the internet and I can also say based on my 15-20 years experience, most bookmakers will make your life worse, when they must pay you. Not all, but a lot of them will make huge problems when they need to pay you 5000 EUR or more. I was experiencing this in the past also with affiliate marketing from some bookmakers. But with Cloudbet everything seems very easy and they paid me without any problems.

I have great experience with them so far.

Why is this important?

Well… we are talking about biggest welcome bonus in the world and before you make a deposit of 5 bitcoins, which is equivalent to more than $30.000. If you decide to deposit such amount of money, then I am sure, that you want to know if this is the site, that you can trust. Right? I would do the same.

And based on my personal experience wit them, they are great. Not only as a bookmaker, but also as a company. While most other bookmakers will ask you, that you need to reach this and that and their payments will be once a month, with Cloudbet, I just asked for payment and it was processed in next minutes. No question asked.

I am very impressed with this bookmaker and I believe, that this is how it should be. Those kind of bookmakers will gain trust and with the internet and best odds more and more people will bet with them. Of course, most people will still lose on the long run and gambling, sports betting, poker, black jack and other games are for most people just an entertainment. Which is totally ok and this is how gambling world exists.

But still… even if you know, that you have small chances to beat the odds, you want to be confident, that this site will pay you if you win. And so far, Cloudbet is a top bookmaker. I could only wish, that all others can be the same.

BITCOIN BONUS – equivalent to $33,000 on November 14th 2017

But of course the question is how to win this bonus. It is very big bonus and of course, they will not just give you such a bonus with ease. We will go trough their requirements, rules and we will see how we can win such a bonus.

Let’s start with their rules about this bonus:


Your bonus is earned, when you collect loyalty points. They have a loyalty programme, which means, that the more you play, the more bonus you can win.

They give you 0.01 bitcoin after you win 800 loyalty points. We must explain what are 800 points and if you want to win 5 BTC welcome bonus, you must earn 400,000 loyalty points. But even if you win only 1 bitcoin bonus, which is 80,000 points, that is still much more than any other bookmaker in the world.

When you earn 800 loyalty points, the bonus is automatically delivered to your balance on your Cloudbet account. So, you don’t need to worry about asking them if they will pay you. You basically make a deposit, bet all the time, collect the loyalty points and the bonus will appear directly after every 800 loyalty points. Simply as that.

The minimum deposit to receive a bonus is 0.01 BTC. So, you need to make a deposit of at least 0.01 BTC to win the bonus.


If you make first deposit bonus of 0.05 BTC, then you can win maximum of 0.05 BTC. No matter if you later deposit 5 BTC. This is about first bonus. This is why I think, that if you decide to go for this bonus, you should deposit a much as possible, because this is the max bonus you can win. If your first deposit is only 0.01 BTC, then your available maximum bonus is only 0.01. Make sense. Of course you can not make a deposit of only 0.01 BTC and they will give you 5 BTC of welcome bonus, right? So, how big is your FIRST deposit, this is how big can your bonus be at the end.

You have 365 days to earn bonuses. So, after you make a deposit, get on work and try to win as much as possible loyalty points in next 365 days.

After you sign up and after you make a deposit, you will have your own dashboard, where you will see your loyalty points and how much you need to the next level. After you sign in, the first thing you will see is your dashboard.


  1. BTC ACCOUNT – This is your account balance
  2. FIRST DEPOSIT BONUS – This is the amount of your firs deposit and this is the amount of bonus that you can win in next 365 days.
  3. LOYALTY POINTS (Points): Here you can see how many points you have earned so far. “To start earning your 100% first deposit bonus, collect loyalty points by placing sports bets and playing casino games. Points awarded vary according to the stake size, and price or game score. For more details, click the Terms and Conditions link at the bottom of this page.”
  4. LOYALTY POINTS (Total Required): Here you see how many points you need to receive next bonus. When you make a deposit and you start betting, you will start gaining points. Under the points you will see how many points you have already gained and on the right site (total required) you will see how many you need to reach 800 and receive your first bonus, which will be then added directly to your bookmakers account.


Every time you make a bet, you earn points. But it depends how big is your stake and how big is the price or if you like the odds. The bigger the odds, the bigger the price.

They have loyalty points for Casino, Slot games, Live Roulette, Blackjack and The Slotfather, but we will focus on sports betting points here.

Formula for calculating loyalty points for :

Sportsbook: Loyalty points = stake (in mBTC) x price score (up to 1)

The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

LOYALTY POINTS = mBTC *(√odds -1) 

What is square root?

For example: 4 and −4 are square roots of 16. In our example we must calculate √odds. So, if the odds are 1.91, then we must first calculate: √1.95 = 1.396424004.

If you bet 0.01 BTC on the odds of 1.91, then you can calculate loyalty points like this:

Stake = 0.01 BTC = 10 mBTC

Square root of 1.95 = √1.95 = 1.396424004

LOYALTY POINTS = 10 *(1.396424004 -1) = 3.964240044

In other words, when you make a bet with the stake of 0.01 BTC (10 mBTC) and bet on the odds of 1.95, then you earn 3.964240044 points.

If you make 1000 bets in 365 days on the odds of 1.95, then you will earn 3,964, which is close to 4000 points. Because you get 0.01 BTC for every 800 points, you will earn 0.05 BTC in this example.

Note also, that you don’t gain more points if you bet the odds, which are bigger than 4.00 (+300 US odds). because the square root of 4 is 2. Then you calculate (√4 -1) = 2-1 = 1 and the rules says: “The maximum price score is 1”. In other words if you bet on the odds of more than 5.00, then you don’t make price score bigger. if you bet on the odds of 5.00, 6.00, 7.00 and so on, your price score will always be only 1. This is why I recommend, that you play the odds of 4.00 or lower.

This is how it works. But let’s make a realistic plan how to win the biggest bonus.


Well, this is another question and I will try to make the best strategy for you.

What have we learned so far?

You can win bonus from range 0.01 BTC and up to 5 BTC. The more you deposit first time, the more you can win. If your first deposit is only 0.01, then you can win 0.01 in next 365 days

You compete for his bonus in first 365 days after you make first deposit.

You earn loyalty points and after you earn 800 loyalty points you win 0.01 BTC. This amount of bitcoins will directly appear on your bookmakers account. No need to ask them, call them or send then special note. It is automatically processed.

Loyalty points formula = mBTC *(√odds -1) 


If you bet on the odds of more than 4.00 you don’t win more points and I personally recommend to stay in the range of the odds of 4.00 (US odds +300) or below.

Let’s take a quick look at Cloudbet odds and their margins.

Sport Margin
NBA 102.56%
NFL 102.56%
NHL 103.63%
SOCCER 103.77%
TENNIS 104.29%
NCAAF 104.71%
NCAAB 104.17%

The best odds are on point spread games like basketball and American football. I would stick with the sports with the lowest margins. In other words, this will tell you how much money you lose every time you bet. Every single bookmaker has margins and Cloudbet is among the best in the world. Especially if you bet on NBA, NFL, also MLB, NHL.

Flat strategy with the fixed stake of 2% of starting bankroll

As you see, if you will make a lot of bets and if you bet flat with 2% of starting bankroll (whole time during 365 day period), you will not earn 400,000 points, which we need for 5BTC welcome bonus.

But this is still not bad – in fact is very good. If you are not greedy, you can make 1000-1500 picks in one year and you will still earn from 40,000 to 60,000 points which is equivalent to 0.5 BTC to 0.75 BTC (in November 2017 bitcoin was worth around $7000 and because of that 0.75 BTC equivalent to around $5250. So, even if you go with safer strategy, you will win the biggest bonus, because it is hard to find any other site, which will have a bonus of more than $5000. This is an option if you bet with cloudbet and you take safer strategy.

Flat strategy with the fixed stake of 4% of starting bankroll

If you take little bit more riskier strategy you can earn 400,000 points if you make close to 10 bets per day and if your average odds are around 2.50. At the same time you must look, that you don’t lose the whole bankroll, which is very hard, because the high odds will also have bigger ups and downs and with 4% per bet it will be tough to survive this. But it is possible.

Proportional strategy – this is when you bet 3% of your current bankroll. You bet more after you win and you bet less after you lose – depends on your performance.

To win this HUGE bonus of 5 BTC you will also need to make very good bets and you need to make some number of bets. My betting models have the best results on Basketball and Baseball. You can get both methods in my A Journey Online Betting Course or you can get separate Basketball method for cheaper price here. I will take for this example my basketball betting performance (average odds of 1.91, yield: +14.14 on 394 picks) and my MLB baseball betting model and it’s best performance – playing the odds between 1.75 and 2.9 (500 picks, +105 units and the yield of 10.14%) to see if we can win 5 BTC Welcome bonus.

  • Basketball: average odds at 1.91, yield: +14.4% on 394 bets (7 push bets = 387 bets)
  • Baseball: average odds (playing odds between 1.75 and 2.9) at 2.05, yield: +12.24% on 500 bets

If we adjust the numbers and take both records together: 887 bets, avg odds: 1.99, yield: +13.18%

This is an example, if I can make very good bets. (Those are the bets with my best performance in 2017 (on basketball and MLB following only the model and the odds between 1.75 and 2.90))

The bets were made from February, when basketball leagues were in full run and until the end of regular MLB season in October. So, this is in the range of less than 365 days.

Let’s take an ideal example, that you can re-calculate the stake after every single bet and that you make the yield of 13.18% on 887 bets. Yield will tell us, that every time we make a bet, we can expect in our example 13.18% growth.

The results: 500,486 loyalty points and your bonus of 5 BTC is earned.

If you reach a yield of 8% on 887 picks and if you can recalculate the stake after every single bet, you need to play 4% of your current bankroll on every single bet to reach 410, 959 loyalty points (400,000 loyalty points = 5 BTC).

But this is just ideal picture to get the better picture how to win this bonus and the chances that you reach this are very small if you will bet less than 4% on every single bet.

Of course, if you bet 10% on every single bet, you will make much bigger bets, but betting 10% is very risky. Even 4% is a risky business. In this case you need some very good method, betting model or you just need to be very good bettor. Most bettors in the world are just 50% bettors and they will not make a profit on the long run because of the margins. There is another group of bettors, that don’t have any strategy and they bet high percentage on every single bet. This type of bettors will need a lot of luck, maybe it is better to play roulette or casino if they want to gamble, after all Cloudbet has a very good casino site. There is small % of winning bettors, that have long term strategy and are profitable over the years. Most of them will reach yield under 5%. They can win huge bonus here. Maybe they will not reach 5 BTC, but even if you win only 0.5 BTC bonus, this very high amount of money compared to other sites bonuses. And there is a very tiny % of bettors, that can make a yield of 10% on more than 1000 picks in one year and even they will need little luck to win whole 5 BTC welcome bonus.


The best strategy to win this bonus is simply – to not focus on it. If you will focus on this bonus, you will fall into the trap. I think the best strategy is to make as big as possible first deposit and then bet every day small percentage of your bankroll. Simply bet for yourself and analyse games. The flat strategy will not be enough if you want to play with some proper and safe strategy. This is why I think, that the best strategy to win this bonus is proportional strategy, where you bet more after you win. Of course, you will need to make good bets too. If you don’t make good bets and some decent yield it is not possible to win 5BTC welcome bonus.

If you like to risk little bit more, you can bet 5% on every single bet and try to make the best possible bets. The goal is that you never bet too much, because you must protect your money, but at the same time, you want to make bigger and bigger bets. Bigger and bigger bets will be made only if your bankroll will grow, which is of course not always ideal picture. We bettors can struggle at some point and this is where you will not make profit.

But the good thing is that you have 365 days.

Most people will not make 5 BTC, because it almost not possible to win it. To win this, you must be among the best bettors in the world. But still, Cloudbet have the guts to offer this kind of bonus and some of us will win this for sure. There are not many other bookmakers out there, who are willing to pay you such a big bonus.

The very good and amazing thing is that they pay you after every 800 loyalty bonus. And I think this is something, that you must focus on. Just focus on your good betting, stay disciplined, bet with proportional strategy, bet a lot of bets and you can win 0.1 BTC, 0.5 BTC, 1 BTC bonus. All those numbers are very good and depends on how much you bet. It is great, that they don’t ask you to roll-over 10 times, but just be active. I like this approach much more.

And at the end, everything is possible. This is probably the best Welcome Bonus option, that I have ever seen. Why? Because most bookmakers will say: “Hey, we will give you welcome bonus, but you must roll-over 10 times”. Most bettors can roll-over 10 times, but they will lose money because of margins. The bonus will not be delivered until they don’t roll-over 10 times.

With Cloudbet you basically earn your first bonus (0.01) after you earn 800 points.

No of bets Stake (mBTC) Loyalty points
1 100 39.64240044
2 100 39.64240044
3 100 39.64240044
4 100 39.64240044
5 100 39.64240044
6 100 39.64240044
7 100 39.64240044
8 100 39.64240044
9 100 39.64240044
10 100 39.64240044
11 100 39.64240044
12 100 39.64240044
13 100 39.64240044
14 100 39.64240044
15 100 39.64240044
16 100 39.64240044
17 100 39.64240044
18 100 39.64240044
19 100 39.64240044
20 100 39.64240044
21 100 39.64240044
SUM 2100 832.4904092

And this is not that hard to reach. If you make a deposit of 5BTC and if your starting stake size is 2%, then your initial bet is 100 mBTC. After 21 bets, you already earn your first bonus, which will be 0.01 BTC (10 mBTC). This is also great motivation to bet more and keep betting with discipline and patience.

Cloudbet welcome bonus is great, because you earn bonus slowly and if you risk little bit more and if you have very good year, you can hit 5 BTC welcome bonus too. I would not take risky strategy, but I would bet with safe strategy and I would focus on my betting. But if your goal is to reach 5 BTC bonus, you will need to risk little bit more. Bet a lot, recalculate bets every day and make a lot of bets in 365 days, this is how you can win full 5 BTC bonus.


728x90 - The easiest way to bet with bitcoin

Learn how to bet with bitcoins and everything you need to know about this topic: click here

Good Luck



Sports betting is one of the biggest businesses in the world and according to statista (The Statistics Portal), the market volume of online gaming was forecasted to reach 51.96 billion U.S. dollars in 2018, more than doubling since 2009. More and more people are involved from all around the world, especially new players are coming from Africa and Asia. For example in Nigeria around 60 million people are involved in gambling activities and in South Africa around 50% of population is involved in sports betting.

STATISTA (Size of the online gambling market from 2009 to 2020 (in billion U.S. dollars)


Local shops were popular and they still are, but they are slowly replaced by online betting sites. With dynamic odds and internet, this is something we would expect anyway. Odds can change every minute and the odds are the key, because they represent the prices which bettors must pay. In many cases odds can be the difference between winning and losing. For bettors it is important to get the best possible price. Online betting gives us the chance to have multiple bookmakers accounts and because of that we can always get the best odds available. With the internet more and more people move from local bookies to online betting sites. And this make sense.

Because of that, more and more online bookmakers are born every year too. It is a huge business and if we understand that 98% of people lose all the time, this is great business opportunity for many betting companies.

We can easily say, that this is global phenomena and it is not just big business, but massive business. Because of that, everything is also not perfect, there are always some authorities, who want their piece of cake, there are banks and transactions fees, taxes,… and at the end the biggest price is paid by bettors.

This is why I recommend, that we start at the beginning and understand the problems faced by bettors and betting sites (bookmakers).

After we get this answer, then we can start talking how can bitcoins and blockchain technology make sports betting more friendly to both – bookmakers and bettors.

Let’s start with bookmakers and separate them in two groups.

In the first group are illegal bookmakers. A lot of times those underground bookmakers are run by criminals. They avoid taxes, run illegal activity and bettors money is never 100% safe. Most people don’t want to deal with them, but they still bet there because they simply don’t have other chance to bet somewhere else. Government agencies will take the actions to find both bettors and bookmakers. In some countries gambling is strictly prohibited. But still people will find the way how to gamble. They must trust their money to those bookmakers and if they decide, that they will not pay them, they can not do anything about this.

In the second group are legal bookmakers and we see more and more new online bookmakers every year. They will face all kind of country restrictions by governments, big transaction fees and when there are online transactions, there is almost always a problem with security.

What about bettors?

Every online business will bring some concerns. And the same is with sports betting. Bettors must always provide their personal information, information about their credit cards and in general online transactions have high fees and are slow. Security is questionable very often and at the end we have our governments that will try to limit our gambling/betting activities. Because of that bookmakers also close the door to many bettors.

Here is the example, what kind of information you need to provide to Bet365 (fiat bookmaker) if you want to open an account:


All those problems will be faced by bettors. And this is not the end. Some bookmakers don’t even pay, when you win and most of them will limit winning players. But there was no alternatives, this is why bettors stick with those betting sites.

So, the question is, what if there is a way to improve security, reduce cost of transactions, speed up transactions and at the same time allow bettors to bet anonymously on betting sites from all over the world. What if there is a way, where you don’t need to be afraid, that bookmakers will not pay you? What if there is a way to improve the trust between bettors and bookmakers?

And here blockchain technology steps in…

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Users are in full control of their information and transactions, database can be shared without central authority.

How can blockchain and cryptocurrencies improve sports betting world?

First of all, bettors can bet anonymously, without providing any personal information. There are already couple of bitcoin bookmakers, where you can bet anonymously. Here you can see how easy is to open an account at Nitrogensports, where you can create your account without giving away any personal information.

To open an account with bitcoin bookmaker you don’t need to provide any personal info:


This gives bettors anonymity and because of that their government authorities don’t know, that they were betting on sports.

Secondly, transactions are instant, cheaper and more secure. Blockchain brings transparency to all transactions.

And thirdly, smart contracts allow fair resolution of bets and payouts to occur automatically.

Because of that, bookmakers will gain more trust. Because of cheaper transactions, their operating costs will be lower and because of that they can offer better odds too. With no country restrictions, those bookmakers will have much bigger pool of bettors and because of that they can also offer much more sports events. I also believe, that those bookmakers who will not adopt to new situation, will not have any chance against new fair online bookmakers which will be based on blockchain technology.

The first step in right direction is made, there are couple of very good bitcoin bookmakers out there, where you can bet without providing your personal information. I see huge difference between old traditional bookmakers and new bitcoin bookmakers.

But we must separate bitcoin bookmakers from some fiat bookmakers, that accept bitcoin payment method.

Strictly bitcoin bookmakers are those bookmakers, where your account balance is held in bitcoins.

There are also some other bookmakers, especially offshore bookmakers, that will accept bitcoin as a payment method. But your account balance is not held in bitcoins, but in dollars.

The question is what are the benefits of bitcoin bookmakers – those bookmakers, where your account balance is held in bitcoins:

Instant deposits and withdrawals
Deposits and withdrawals are made very quickly. We are talking about minutes, seconds. Some betting sites accepts transactions with zero confirmations.

Zero to low fees
The fees are almost zero. We pay only small fees to miners, but we avoid all kind of transactional fees from banks or other “middleman”. On the long run this means a lot.

Bettors are sick of country restrictions. Pinnacle has good odds… but this is not helpful for US players, UK players and many others, because they simply don’t allow them to bet there.

Bet anonymously
A lot of bettors will switch to bitcoin bookmakers only because of this. You don’t need to verify your identity and send them all kind of your personal information including personal photos. Email and your username is enough to bet with bitcoin bookmakers. The same is with gambling sites. A lot of people want to stay anonymous when they gamble. Bitcoin bookmakers are perfect for this.

And the last and not the least important – one of the best investment opportunities right now
A lot of people don’t see the huge investment opportunity if they bet with bitcoins. Let’s say that you decide to take $10,000, divide this money on bitcoin bookmaker and fiat bookmaker (odds are the same, bets are the same). Let’s say also, that you will bet exactly the same bets at the same time on bitcoin bookmaker and fiat bookmaker. Let’s say, that you are skilled bettor and you will made 500 bets with the yield of 7% from January 2017 to November 2017. All bets will be the same (flat strategy) – $100.

What is the true difference if you bet with bitcoin bookmaker or fiat bookmaker, exactly the same bets with exactly the same starting bankroll?

If you make 500 bets with $50 per bet and the yield of 7%, you will make exactly $1750 of profit.

Starting bankroll: $5000
Bet size: $50 per bet
Total Risked: $50*500 bets = $25,000
Yield: +7%
Profit: +$1750 on 1st November 2017


On first January you decided, that you will turn $5000 into bitcoins and then you will bet with bitcoins until November (exactly the same bets than on fiat bookmaker).

Starting bankroll: 5.1795 BTC (1 BTC was equivalent to $962 on January 2017)
Bet size: 0.051975 BTC per bet (equivalent to $50 on January 2017)
Total Risked: 0.051975 BTC*500 bets = 25.9875 BTC
Yield: +7%
Profit: 1.819 BTC on November 2017
Profit in $: $11951 on 1st November 2017

But the price of bitcoin on 1st November 2017 was not $962, but $6570.

In reality this means, that if you bet with bitcoins, you would make almost 10 times more money than betting with fiat money.

Why is this so?

A lot of people see investing in cryptocurrencies as one of the best investment opportunities right now. The world is changing and digital currency will probably replace old currencies. The predictions show, that bitcoins could raise up to $100,000 in 2020.

So, if you have betting skill and if you can combine this with crypto investment, you can make 10 times more money than betting on fiat bookmakers.

And those are the benefits to bet with bitcoin bookmakers. The time is now. I have great experience with bitcoin bookmakers and I have no problems with withdrawals. Bitcoin bookmakers like Nitrogensports, Cloudbet and Lunarbets already offer much better odds than most other fiat bookmakers.

I am connected with sports betting betting world since 1998, things changed dramatically since then and the market is bigger than ever. Bookmakers are smarter, bettors are smarter, the world is changing and we must improve all the time if we want to make something good happen in this speculative business…

Bookmakers made a lot of mistakes in the past and a lot of bettors beat them just because of that. They don’t make huge mistakes anymore and with the internet, easy to find information and sharp odds, it looks like it is harder and harder to beat them.

But despite all those things, I think that right now is the best time to become a millionaire.

I made a realistic plan and with little bit luck and a lot of work, discipline and padience, I believe I can become a millionaire in 5 years.

Last couple of months, I was thinking about moving ALL my money to bitcoin bookmakers. I knew, that one day this will happen and we always must adopt to new situation. This is the only way to succeed in this dynamic world, where everything has exponential growth. If you sleep for a moment, you are out.

But still, I didn’t want to completely go away from Pinnacle, 5Dimes and Matchbook, my favourite fiat bookmakers, that still have the best odds.

But then again, if we take into account the general problems with all kind of fiat bookmakers (country restrictions, identity verifications, limiting players,…) I think it was only a matter of time, when I will move all or part of my money to bitcoin bookmakers (NitrogensportsCloudbetLunarbetsSportsbet.io). I will still bet with the best fiat bookmakers, like Pinnacle, which is the best bookmaker in the world and I can still bet there, but if you can not bet at Pinnacle or any other low juice bookmaker, then I think right now is the time to move and make a step forward. (Explained — How to bet with bitcoins)

The idea…

Bitcoin is on the raise and I simply can not miss this huge opportunity. I believe, that if I will bet with bitcoins, I will make money with my betting on sports and also because of bitcoin raise. This will make me a millionaire.

Maybe I succeed, maybe not, but I think I should do it.

The idea and the goal is very simple: to make $1 million in next 5 years with starting bankroll of $4,400, which is today exactly 1 BTC (6/10/2017).

I optimistically expect, that 1 bitcoin will be worth $100,000 in next five years. Bitcoin is the future currency for all of us and it has been very successful story so far. And I think that this is just a beginning. There are couple of predictions, that bitcoin will raise up to $100,000 in next few years (Article 1Article 2Article 3…).

So, what I need is to start with 1 bitcoin in 2017 and then make a profit of 9 bitcoins in next 5 years. With little bit help of crypto market, I will be a millionaire.

The goal is to generate yield of around 3.9% and make around 1000 picks in one year.

Is it possible?

First of all, I don’t have any influence on bitcoin raise. I believe in the future of bitcoin and that’s all I can say. I am also very optimistic person.

So, I will focus on my betting skills. That’s all I can do.

I use predictive models for my sports betting, I don’t guess games (at least most of the times) and based on my past performance, it is possible that I reach this goal.

Since February 4th 2017 to October 5th 2017 I made 1067 picks on baseball and basketball, that were based on my math model (math model is something I will focus on in the future, limiting any gut/intuition/info-based bets):


  • Period: April — September 2017
  • Profit: +4,109
  • YTD: 338–316–19
  • AVG ODDS: 2.04
  • Yield: +3.17%


  • Period: February — May 2017
  • Profit: +3,264
  • YTD: 237–150–7
  • AVG ODDS: 1.91
  • Yield: +14.14%

The yield is way bigger than 3.9% and this is based on more than 1000 picks. So, YES I believe — it is possible and I will do my best. I don’t set unrealistic goal of 15% yield or +100% every year, but some realistic small growth.


Strategy and patience in sports betting is more important than most people think. When you have the goal and strategy, you don’t care about daily losses, even monthly losses. You can simply focus on your analysis and the results will come.

There is no such thing as overnight success or easy money. And becoming a millionaire will not be an easy task, I hope we all agree with it. But I can also promise myself, that I will do my best and hopefully, reach this goal.

The strategy question for me was: Flat or Progressive (proportional)?

The idea of FLAT strategy is: Start with 1 BTC and use 1% (0.01 BTC) as one unit whole year, no matter if your bankroll raise or goes down. After one year, reorganise bankroll and recalculate 1% again.

The idea of PROGRESSIVE (proportional) strategy is: Start with 1 BTC and recalculate 1% of current bankroll every day. If bankroll goes up, the bets are bigger ad vice versa.

In 2017 on my MLB bets, flat was better option, but the number of picks was also smaller. On the long run, progressive (proportional) will outperform flat, but it is is also a strategy with bigger ups and downs.

I think both strategies are good and I think I could succeed with both strategies. My calculations are made by flat, which has little bit lower results on the long run.

Here is the comparison of two strategies and as you see, at some point, if I can make a profit, progressive will outperform the flat.

What Sports will I bet?

Most of my bets will be from MLB baseball, NHL ice hockey and basketball. I will use predictive models and daily analysis for all my bets.

You can watch my daily analysis on my youtube channel — here.

I have the most experience with MLB, basketball has the best results in 2017 and NHL is a sport, where I can make a lot of profit, but I also struggle sometimes. But I believe that with combination of all three I can reach the goal.

Where will I bet?

NITROGENSPORTS — this is my first choice for MLB and NHL bets. Around 50% of all my money will be on this bookmaker. Safe, reliable, very good limits and very good odds compared to Pinnacle or 5Dimes and if you want to bet with me. Create account now at Nitrogensports

CLOUDBET — Best for my basketball bets, because they have the lowest basketball margins. Around 30% of all my money will be on this bookmaker. Cloudbet also has the best Welcome bonus (up to 5 BTC, cca $21,000). Create account now and get up to 5BTC at Cloudbet!

SPORTSBET.IO — this is the bookmaker with the best promotions every week. If you want to combine bets with other sports, like soccer/football, than this is a very good option. I will have around 10% of my bankroll and will try to get the best odds. Create account now at Sportsbet.io

LUNARBETS — this is a new bookmaker and they have the best odds and the lowest margins. If they can keep good work, I see them as a new Pinnacle of bitcoin bookmakers. They are young bookmaker, they are specialised in sports betting and e-sports and I will have around 20% money there. Sign Up Now and create account

How can you follow my progress?

  1. Email every day — SIGN UP HERE (100% free) (My personal bets are sent daily on emails. This is the best way to follow my picks. After you sign up for 5-day free betting course, you will be put on email list and you will get my picks every day into your email inbox. You can unsubscribe at anytime.)
  2. Daily Video (I rather record daily videos than write previews. In daily video I comment NHL/MLB games with my projected lines. A lot of time I speak about strategy, my sports betting life, etc. You can subscribe on youtube channel and you will have an access to my bets.
  3. Visit Underdogchance.com site every day (You can also check this page every day and the picks will be under My Bets section before the games starts.)
  4. MEMBERSHIP AREA — buy my online betting course, where I teach you how I use simple statistics and estimate the numbers in sports betting. Plus unlimited access to all exclusive content in membership area. Note also, that members get my picks immediately after I bet, because of odds dropping.

Will I succeed?

I don’t know. Our whole life is a game of risks and returns. Invest in your education and maybe you fail. Invest time and money to open a restaurant and maybe you fail. Go to the street and maybe you will be hit by a car. Our whole life is a combination of probabilities and risks. We don’t have influence on every thing.

Because of that, we must focus on things, that we can control.

If you have a goal, if you have a plan, if you commit, that you will work hard, if you are patient and if you have some skill, the luck usually also comes. Luck always favours the brave. And you must remember that brave are the people who take chances in life. This is how successful stories are made.

I have a goal, I have a plan and I work hard. I have some betting skills too and I have my betting models. Luck is not a factor on the long run, but I will believe in small luck with crypto market, where I don’t have any influence. Let’s see if I can become a millionaire.

MB, Underogchance.com

A lot of people asked me what is the best sport to bet and my answer is always the same – baseball. Bookmakers are very smart and they know how to attract bettors with all kind of promotions and other bonuses and they also know very well psychology of bettors and gamblers. They know how to attract them and a lot of people will fall into this trap. They will bet on sports, that they like to watch, not to invest. Of course NFL is great to watch, but from investing point I think, that there is no sport that is close to MLB.

Keep reading and I will explain, why I think baseball is the best sport to bet and how I bet on baseball.

Why I bet baseball?

The most popular sport in USA is NFL. There is 32 teams, that play 256 games in one season. Regular season starts in September and ends at the start of January.

Let’s take a look how much money can make one very good sports bettor in one regular NFL season if he plays every single game (1 game = 1 bet, spread for example). Let’s take an example, that he is very good and he will reach yield of 10% (some people call it ROI).

  • 256 games * $1000 = $256,000 risked money
  • Yield 10%: 0.1*$256,000 = $25,600

Very good NFL bettor will make $25,600 of profit if he plays every single game and if he is very good.

On the other side, take example of a very good MLB bettor, with the same yield and if he also bet on every single game in regular MLB season.

One regular MLB season has 2430 games and if we take that he bet on every single game (1 bet = 1 game).

  • 2430 games * $1000 = $2,4300,000 risked money
  • Yield 10%: 0.1*$2,4300,00 =$243,000 of profit

Very good MLB bettor will make $243,000 of profit, which is close to 10 times more than NFL bettor.

Of course reaching yield of 10% playing all NFL and MLB games is not possible, but I wanted to show you that potential in baseball is much bigger. Every day we have 10-15 games and if you are prepared to work hard on MLB analysis, I think there is no other sport that has so many opportunities.

There are also couple of other key reasons, why I bet baseball:

  • Huge market: This is not second league in voleyball, where the lines move quickly and where the limits are low. MLB is one of the biggest markets in sports betting world and in average you can bet much more than on any other smaller leagues.
  • Statistics: I am investor, not a gambler and I can not bet without analysis and without any statistics. Even if I made some intuition plays, I look first at the numbers. Statistics is very important for me. Baseball is sport with the biggest information about statistics. And we all know, that statistics and analytics is most important when it comes to predicting the future results. All successful businesses us it and I am huge believer, that traditional handicapping without analytics will be dead soon too. So, when you have a lot of data, you can also make better predictions and analysis. It is much easier to analyse a sport with 2430 games and data sets, than only 256. I hope you agree with me.
  • Underdogs: An average bettor is afraid to bet on underdogs. I think the main reason for that is because most bettors bet huge proportion of their bankroll (if they have one) and they are basically in a must-win situation every day. Underdogs in general are the teams, that has less than 50% of chance and of course they don’t want to be in a must-win situation, that has less than 50% of chance. Usually public is heavily with favourites and usually public lose a lot too. But in MLB baseball league the difference between the best team and the worst team is not that big. The best teams will win around 60% of games and the worst teams will still win around 40% of games. There is a lot of underdog wins every day and because of that a lot of chance for us, who are looking for the value, not for the winners.
How I bet baseball?

Most of my plays are moneyline bets. I don’t bet special bets and I rarely play totals. I stick with high limits bets, where I can invest more money. But before I answer on this question, let’s explain couple of other things, that are important.

One baseball game is one EVENT, right? And every event has two outcomes:

  • Home win
  • Away win

Every outcome has some probability or if you like – Team A has a chance that will win this game and Team B has a chance to win this game.

Bookmakers estimate those probabilities and then they turn those probabilities into the odds (plus some margin of course)

At the same time, I use my my MLB BASEBALL BETTING MODEL, that I reveal and teach you in my online betting course called A Journey.

I simply estimate my own probabilities and then I turn those probabilities into the odds.

So, what are the odds? The odds are the prices, that you will pay when you bet.

So, for example if I estimate, that Boston Red Sox have a chance of 56.44% to win a game versus NY Yankees, my fair odds would be 1.77 (US odds: -130). In this case I expect, that when I bet $1000 on Red Sox, bookmakers would pay me $770 for Red Sox win. And based on this number I decide if I will bet this game or not.

If bookmakers set the odds on Boston Red Sox 1.60 (US odds: -167), I will get only $600 if my bet (Red Sox) wins. In this case I was expecting at least $770 of profit, but I get only $600. And this is not a value for me. I would stay away from this game.

On the other side if bookmakers set the odds of 2.1 (US odds: +110) on Boston Red Sox, I would get $1100 of profit, which is $330 more than I would expect. And this is something I call it a value. In this case I would bet on Red Sox, because I get more for my money.

The value is something you face it every day. When you go to a store and you see two jackets, totally same quality and you like them equally, the logical decision would be to buy cheaper one. Why? Because you get more for the same money. And if you will do this constantly, you will save money. If you will look for the value constantly in sports betting, you will make a profit.

Bullpen and statistics is important!

There are two very big mistakes by bettors, that can not make a profit in baseball:

They use main stream statistics, found on ESPN, Yahoo and other main stream sites: One nice example is ERA, that is probably most popular statistics in baseball and most bettors will rely only it. ERA will show you how many runs one pitcher (or a team) allows per 9 innings. The problem with ERA is that is not the best future predictor. Much better are some other like FIP, xFIP, SIERA, whip, …

They ignore bullpen: The average pitcher will pitch around 5.5 innings per game. The game has 9 innings and most bettors simply ignore big part of the game (cca 38% of game) and this is the late game, where the game will be decided.

I don’t use main stream statistics and I pay special attention to bullpen too, because the game is usually decided by bullpens.

How I estimate odds?

I use my PREDICTIVE MODEL to project my own odds and probabilities for every single game in MLB season. The idea is to compare teams offence with other teams defence, which is combination of starting pitcher and bullpen.

When baseball season is on, I analyse every single game. Every day I calculate win% with the right starting pitcher and the formulas in the model, that I have created for baseball. Most of my data is automated and automatically pulled from the internet.

I just type:

  • The name of the team
  • Pitcher and his hand

And the model outputs winning percentages and my projected odds. Then I use Kelly criterium to estimate the optimal bet size.

Money Management

Baseball betting requires extreme discipline, expert money management and constant analysis and research.

I can teach you how to analyse games, how to create and use betting model, but there is also one other part that we all must fight on a daily basis: Work and discipline.

I use proportional money management, I call it progressive. Most of my bets are 1-2% of my current bankroll (I use adjusted Kelly criterium to estimate the bet size). Every day I re-calculate the stake. Why? Because on the long run, progressive (proportional) will outperform flat strategy.

Is it ideal or better than flat?

No, I wouldn’t say so and in fact flat outperformed progressive in 2017. Progressive strategy will outperform flat strategy on the long run, but the results will come after very big number of picks. It will also has much bigger ups and downs and many bettors don’t have the nerves and patience to bet like this. To recover after loss takes more time too. At some point you can also not bet this way, because bookmakers could limit you.

However, both money managements are good and I would not recommend any other money management. More important than this is that you stick with 1-2% on most bets.

Intuition vs Analytics

Statistics and analytics is more and more important. This is something that I always repeat and in the world of dynamic sports betting, following other people’s picks is not the smartest idea. So, if you get the odds of 1.91 (-110) or 2.00 (+100) is a big difference and it can be the line between losing and winning. This is why I think, that estimating the numbers and betting on your own is very important.

But still I see a lot of handicappers, that say, that they have “good info” and “experience”. Of course this can not work on the long run. Good info is easy to find with the internet and intuition, which is basically some sort of experience can not be measured. Because of that a lot of bettors and also some old successful bettors can no longer make a profit.

The good example for me was a 2017 season, when I made 738 picks. 65 picks was made by my intuition, that means, that I didn’t follow my math model. In the past I made a lot of profit with some extraordinary “so-called” intuition plays, but the times are changing. At least for me. Why? Because in 2017 I made -3185 units of loss on my intuition plays. At the same time I made 673 picks that were based on my math model and I made profit of +4,109 units on MLB baseball picks.

How do I know which is my intuition bet and bet that was supported by my math model? Because I tracked all bets and I wanted to see what are my results based on my model and my intuition. This is why I mark Intuition plays as GUT PLAYS (G) and my math model plays with (M)


Chart 1: All bets (including Intuition bets) vs Betting Model bets

ALL BETS (including intuition bets): Profit: +924, WON 358 LOST: 357 PUSH 23 AVG odds 2.05 (+105), Yield: +0.67% Total Picks: 738

BETTING MODEL BETS: Profit: +4,109 WON 338 LOST 316 PUSH 19 AVG ODDS: 2.04 , Yield: 3.17% Total Picks: 673

Performance with different odds

In previous chart I showed you how important is to use analytics and my intuition bets were disastrous. On the other side my model has an edge and I made a profit.

So I went little bit deeper to see what results my model has with the different odds and I found that the best yield would be if I would play the odds between 1.80 and 2.20. But then again, I would play less games and I would make less profit. So I also wanted to see what is the odds range with the best profit and the most profit I made with the odds between 1.75 and 2.85.

Chart 2: Betting Model vs Adjusted Betting Model

Chart 3: All Bets vs Adjusted Betting Model

Flat vs Kelly Criterium

I use kelly criteirum to estimate my bet size. In a very simple explanation, when I see bigger value, I bet more and when the value is lower, I bet less. Or if you like, when the difference between my odds and bookmakers odds is bigger in my favour, I bet more and when the difference is smaller I bet less.

I wanted to see MODEL performance in the difference between flat strategy, where I would ignore kelly criterium and actual betting (with Kelly Criterium).

The average bet size was 1.777 units/game, so I couldn’t use 1 unit for flat, because the profit would be lower with flat analysis, right? This is why I use 1.777 units/game for flat analysis. I also didn’t take proportion strategy for this comparison.

FLAT STRATEGY (1.777 Units/game):


As you see, both methods would make a profit with my model, but still if I use kelly criterium, when I estimate actual bet size has better results.

How much money would you make using this model in 2017?

I can not imagine sports betting without using analytics anymore. My MLB Betting Model is the heart of my sports betting.


Because I estimate the winning percentages for the games and then I calculate my own odds. This is the only way I see how to beat a bookmakers.

But there is a big difference between some systems and betting models. Systems are not betting models. Systems usually use some bettors, when they try to find the edge with different odds, different stakes, etc… But they don’t estimate winning percentages or spreads for games. So we can not call this as a betting model, but more as a system. And there is not one system that works on the long run.

With my model, I look at each game independently and I see one game as one event, where I estimate probabilities for outcomes.

If you used my math model and if you stick strictly with model, you would make a profit with combination of  progressive strategy and my adjusted Kelly Criterium you would make:

  • 673 Picks
  • 338 Wins
  • 316 Losses
  • 19 Pushes
  • +$4109
  • +3.17% of yield

If you used my math model and if you stick strictly with model, you would make a profit with combination of flat (not proportional) strategy and my adjusted Kelly Criterium and if you are $100 bettor you would make:

  • 673 Picks
  • 338 Wins
  • 316 Losses
  • 19 Pushes
  • +77.64 Profit
  • +6.49% of yield

Despite progressive will outperform flat on the long run, if you used flat strategy with combination of Kelly criterium for bet size, that was the best option in 2017.

I always recommend, that if you are $100 bettor (1 unit = $100), then you must have $10,000 of starting bankroll. In this case you would make +$7,764 of profit. Or in other words, if your starting investment is $10,000 at the start of MLB season, your ROI (return on investment) at the end of the season would be +77.64%.

If you played the odds between 1.75 and 2.85, then you would make +$10,520 of profit.

Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.

When I decided to run this site, I also decided, that I will not sell picks. Focusing on picks is wrong and we all must and can write our own successful sports betting story.

If you pay for picks, you will pay from $100 up to $1000 per month for their picks. Maybe you win, maybe you lose, most bettors don’t have any edge anyway and nobody can guarantee winning month or even a season.

When we take into account odds dropping and how hard is to follow other people’s picks on a daily basis, the only way to make money is to learn how to bet on your own.

I don’t give you picks, I show you how to make a picks. I reveal my MLB betting model. I teach you how to create one. This is exactly the same that I use for myself.


Kansas City Chiefs and New England Patriots will open new NFL season tomorrow and there will be a lot of betting action whole season. Every season is a new season, new opportunity and we all start from the beginning. Some bettors or investors, if you like will be prepared for this season with strategy, betting methods and all kind of power rankings, but many of them will ignore one important thing – right bookmaker.
So, I wanted to show you on real example how important is to select a good bookmaker and how much money you can lose if you ignore this. The average bettor will say, that he doesn’t care if the odds are -105 or -108 or -110, he just want the winners. And of course, this is wrong.
I will show you on real example, that the difference between two same handicappers, with same skill and same results can be huge only because of one thing – bookmaker.


NFL is very popular in USA and this is why I focused on bookmakers, that accept US players, so there is no excuse, that you pick a wrong bookmaker.
The first thing I wanted to know is how much money will bookmaker take from you when you bet. Every time when you bet, they take some small piece of cake. Some bookmakers will take more, some less and I wanted to see how much will they take from. Of course your goal is to pick that one, that will take less money, right?
In the table below I picked 8 bookmakers and calculated the margins. The bigger is the number the more money they take from you. This is not hard to calculate. Just divide 1 by the odds and sum both numbers. If you have the odds 1.92 vs 1.86, then:
1/1.92 = 0.5208 = 52.08%
1/1.86= 0.5376 = 53.76%
52.08% + 53.76% = 105.84%
105.84% – 100% = 5.84%
I checked websites and took the odds right there – no betting portals or odds comparison sites. Then I calculated margins to see, which bookmaker has the lowest and which bookmaker has the highest margins. Then I took the average for moneylines, spread and the totals.
As you see, the lowest margins has the Nitrogensports and right next to them is Cloudbet and Lunarbets.


I know a lot of bettors will say, that this is just small difference and that this is not important. But are they right?
So I took those average margins and I wanted to see what are the results on 512 picks during the season. Let’s say, that we have 2 bets on every single game (spread or totals or moneyline). 256 regular season games * 2 bets = 512 bets
And let’s say that we have 8 handicappers with same skill, same knowledge, same ability to pick winners,… let’s say, that they will make the same number of picks during NFL season and that they will have the same record.
Do you think, that they will all make profit? NO WAY!
Table below shows different profits on different bookmakers if handicappers have the same record (1 unit per play).
At the end I compare $100 bettor versus $500 bettor versus $1000 bettor and how much money they lose if they pick wrong bookmaker.
If the handicapper decided to play all games on Nitrogensports, he will make a profit with the record of 263-249 (51.37%). On the other side some other handicapper needs to be much better to make profit if he plays at Youwager, for example. If he wins 5 bets more, he will still have negative record.
And what that means if we turn this into real money?
Let’s say that we have 8 really good handicappers, who will have outstanding season and will have the record of 297-215 (58%.00) at the end of the season.
If they are $100 bettors and if they have exactly the same record, the guy who will play on Nitrogensports will make $1,247 more than the handicapper, who chose to play whole season on Youwager.
If they are $500 bettors and if they have exactly the same record, the guy who will play on Nitrogensports will make $6,236 more than the handicapper, who chose to play whole season on Youwager.
If they are $500 bettors and if they have exactly the same record, the guy who will play on Nitrogensports will make $12,474 more than the handicapper, who chose to play whole season on Youwager.


Losing $12,474 or $1,247 or even only $100 every season is not a joke. And if you lose money just because you bet on wrong place, this is very bad. Bad seasons will come, sometimes we will lose more games in a row, sometimes we will make less profit than we would expect. All those things will happen and sometimes we can not do anything about it. But do not lose money because of bookmakers, sports betting is hard job anyway, don’t make it harder because of that.


It is crucial to understand the difference between the best odds and the bookmaker with the best odds (Read here). And you also must to understand, that every bookmaker has pros and cons. Some will have higher limits, some lower, some will offer great welcome bonuses, etc..


If we talk about the bookmakers with lowest margins and if we talk about how to make more money with the same record, then I think the best bookmakers are:




Those three are bitcoin bookmakers and they are already better then most traditional (fiat) bookmakers in every aspect. If you are new with bitcoins, you can read here how to bet with bitcoins – here.
I hope this was helpful and you decide where you will bet. You know how to calculate margins/juice now, be smart and don’t give away your money.  I wish you successful NFL season.

A lot of bettors are confused with “THE BEST ODDS” and “THE BOOKMAKER WITH THE BEST ODDS”. Those two things are totally different and we should understand the difference.


So, what are the best odds? The best odds are those odds, which will give you the best profit. Simply as that. If you want to play on Team A, you will look to get the best price. So, if you have 5 bookmakers accounts and if you want to bet on Team A and the odds are:

  • Bookmaker 1 (bet on Team A): +130 (possible profit for $100 risked = +$130)
  • Bookmaker 2 (bet on Team A): +145 (possible profit for $100 risked = +$145)
  • Bookmaker 3 (bet on Team A): +132 (possible profit for $100 risked = +$132)
  • Bookmaker 4 (bet on Team A): +138 (possible profit for $100 risked = +$138)
  • Bookmaker 5 (bet on Team A): +128 (possible profit for $100 risked = +$128)

You will bet on second bookmaker, because you will get the biggest return for the “same thing”.


But does that mean, that the best odds have always the bookmakers with the lowest juice? NO. It depends on which team you want to bet. A lot of times you will find the best odds on TEAM A with bookmaker 1 and the best odds for TEAM B with bookmaker 4, for example. This has nothing to do with margins and it is recommended to have several bookmakers accounts, so you can always get the best price, which can be the difference between profit and loss at the end of the season.

So, what are the margins?

In a very simple way, this is how much money you lose when you bet. Every bookmaker will take some money, when you bet, for their service, if I can say so. Some bookmakers will take more, some will take less and the general rule is that we like to stick with the bookmakers, that have smallest margins/juice. Because of that, we can expect, that we will get the best price in most cases.

How to calculate margins?

When you have two teams and if bookmakers set the chances at 50-50, the fair odds would be +100 vs +100 (2.00 vs 2.00). Right? But of course, you don’t see this. They will offer you something like -105 vs -105 or -110 vs -110 or something like that. The easiest way to calculate margins is to turn the odds into the percentages, sum them and see how much far is from 100% (easiest explanation):

  • TEAM A: -105 (1.952) turn into the percentages = 1/1.952 = 0.512295082
  • TEAM B: -105 (1.952) turn into the percentages = 1/1.952 = 0.512295082

0.512295082 + 0.512295082 = 1.024590164 = 102.46%

The difference: 102.46% – 100% = 2.46%

You will lose that money every time when you bet. The biggest is this number the worse for you. Simply as that.


We have a game between the Dodgers and Padres today and we have different prices and different bookmakers. So, the question is where to bet to get the best price for your bet and will this mean, that this bookmaker has the lowest margin?

Here is the table with the odds and margins, plus my projected lines for this game.


5DIMES (lowest margin of 1.97%)

5Dimes has the lowest margins and this is one of the bookmakers, that you must have and must play there, because in general, you will have the best odds in most cases. Their margin is just 1.97% in this game, which is by far the best among all those bookmakers. (5DIMES has a Welcome Bonus up to $520 – SIGN UP HERE)

Bet at 5dimes




NITROGENSPORTS at +287 (EU odds = 3.78)

But of course, the lowest margins is not a guarantee if you want to play on your favourite team. Nitrogensports has bigger margins, than 5Dimes in general, but they sacrificed good odds on Dodgers to offer little bit better odds on the San Diego. If you want to bet on Dodgers, Nitrogensports is not the right bookmaker, because you will get better odds on all other bookmakers. But if you want to play on San Diego, Nitrogensports has the best price and this is the place where you should bet them. (And Nitrogensports is my favourite bitcoin bookmaker out there – SIGN UP HERE)


LUNARBETS at -227 (EU odds = 1.44)

On the other side if you want to bet on DODGERS, the best price is on Lunarbets. They have second lowest margins, which means, that you will get better odds in general still on 5Dimes, but for this game, if you bet on Dodgers, you must:

  • pay $227 to win $100 on Lunarbets
  • pay $341 to win $100 on Nitrogensports

And you don’t want to pay more for the same thing. Right? (You can SIGN UP on LUNARBETS HERE)


This is the second game today and in the first game Padres beat the Dodgers, but in this game, Dodgers will have pitching advantage in my opinion.

Jordan Lyles will start this season with first game for Padres, so he will be fresh and in this cases I stay away from bets, because I simply don’t know how he will perform in a new season. I like to see players in new season. So, if I put league average pitcher as a starter for San Diego, I give them around 35.25% of chance to win this game, which is still much less than 50%. My fair odds for San Diego is +184.

Dodgers on the other side will start with Darvish, who has been playing great (177 strikeouts in 160 innings this season) and he already beat San Diego in 2017. With the best NL team behind him, I have projected, that the Dodgers will have around 64.75% of chance. That gives me the odds of around -184.

And where is the value?

The value is with San Diego. I expect, that bookmakers offer the odds of around +184 on San Diego. Nitrogensports offer the odds of +287, which is more than I would expect. I would expect, that I make profit of $184 if I risk $100. But Nitrogensports is willing to pay me $287, which is $103 more than I expect. Because of that there is a value with San Diego.

The question is, are you willing to put a money on a game, that has only 35.25% of chance? On the long run, this is the right thing to do. But if you want to win today, your chances are less than 40%.

I will stay away from this game and I just wanted to show you on real example how important is to bet on “good” bookmakers to get always the best price. Check list of recommended bookmakers here.

And good luck whatever you take in this game.

Bet at 5dimes

I received a message on a Facebook:

“I got 3–0 tonight. Are you ready to make money?”

I usually don’t answer such messages on Facebook. I also don’t take such messages seriously, but I was curious and I was in that mood, where I said myself, let’s see what kind of nonsense will this guy try to sell me.

Why nonsense? Because there is no such a thing as a “3–0 tonight” or “guaranteed bets”, if you like. Anyone with little bit knowledge about sports betting knows, that the odds are simply probabilities turned into the odds and if there is one event, that has 100% of chance, bookmakers would never ever offer such a bet. So, talking about 3–0 night or guaranteed things in sports betting is little bit crazy. But this is a topic for another time….

So, I answered just for fun and curious to see what is coming: “YES, I AM READY!”

The guy answered: “I am 5–0 in last 5. I am going for 8 in a row.”

By the way, the guy went 2–1 that day, but this is not important, because the worst handicapper can go 8–0 and the best handicapper can go 0–8 on any day. Of course, we can also discuss about the average odds and the probabilities here, but if we stick with -110 odds, this can and will happen on the long run to anyone.

I quickly answered: “This is a luck”

He said: “No. It is a skill”

So, I asked him: “Show me the results of last 1000 picks”

He answered: “840–160”

I started laughing and asked him to send me detailed results in a sheet, so I can check it. Of course he didn’t have.

He closed his account right after our conversation.

But after that, his friend started conversation with me. For me they looked like a team. He was very friendly and he said, that they are top betting service in Las Vegas, who work with top clients.

Ok, so I asked him: “Can you show me the results if you are so good? I don’t ask you future bets, I ask you just past results with the odds, stakes, games and risk compared to bankroll”

I spent exactly 56 minutes and he didn’t show me any results. He said, that he will show me results if I come to his office in Vegas and if I pay. Why should I pay for past results?? if I want to buy a Mercedes today, I want to know how fast it is, right?

What is the problem with past results?

I understand, that if you sell picks, that you will not show me future picks. That is totally ok. But why you don’t show past results? Last 1000 picks at least if you claim, that you have clients, that bet $20.000 per bet? To build a business, where you sell one advice for $1000 or something like that, I expect detailed results with yield, detailed risks, odds, bookmakers, etc for at least 5000 picks from last 5–10 years.

But of course, the guy didn’t have any results and this is how I realised, that most of those services make money with the SERVICE, not actual BETTING. And believe me, they are making huge money.

So, how is this possible, that there are people, that will buy a Mercedes without knowing how fast it is? And what are the things, that betting services know and don’t want that foolish people will ever understand.

Hiding the results

I am from Europe and I am amazed how good are American handicappers with hiding the results. If you go to a random betting site from Europe, there is a big chance, that they will have detailed results with the yield, ROI, odds ad everything else, but if you go to random betting site in USA, they will hide most details. In best cases you get “W-L record” and “profit” for current season, which is nothing. Nothing.

I was talking with couple of US handicappers and most of them are very friendly. But when it comes to past results, I hardly find any US handicapper, that sell picks, that has detailed past results (yield, ROI, avg odds, risks compared to bankroll, bookmakers,…), which can he send you right away in csv file.

Most of them jump from betting site to betting site, where they share their picks and when they change 10 different betting/monitoring sites, of course they will win somewhere. But we are not talking about how to win at competition, but about last 1000 picks in a csv file, so you can calculate for yourself what is ROI, yield, what was money management,….

And then decide if it is worth to pay for the pick.

I am also surprised, that monitoring sites don’t calculate yield, bookmakers info, starting bankroll,…. For me the record of 240–215, +32.15 is nothing. To make final conclusion before you pay for the picks, you need more information.

Line Movement

The odds are the key for sports betting, right? If you make a play or not, the odds will decide. I hope you agree with me. It’s not about who will win, but about the right price or the value if you like. In other words, if you think, that one game is 50–50 and the bookmakers will offer the odds of +130, you will play this team. if they will offer -130, you will not play this team. Right?

So, what most betting services will not tell you is the line movement, that will happen for sure. If you bet online, you know, that if you bet little bit bigger amount of money, the line will move. And now imagine if you have 100 clients and if they all bet $1000. And you are 87th who will place the bet. What do you think will be your price?

Do you think, that the price is not important?

50% of bets on +101 = profit

50% of bets on -101 = loss

Price is the key and you will get lower price on good bets in most cases.

Bookmakers Limits and taking into account the cost of the service

If you bet online, bookmakers have their limits and they will not let you to beat them. Most of them. So, if you pay for one pick $25, how much starting money you need to have and how to take this into account?

If you bet $100 on a game, you need to have around $5.000-$10.000 of starting bankroll. Betting small amount of your bankroll is important and this is a topic for next time. Online bookmakers will allow you to bet usually not more than $5000 (Bovada, 5Dimes,…) per bet. Usually $1000 and if you beat them constantly you will get into the trouble. But to bet $1000 per game, you need around $50.000 — $100.000 to invest properly.

Here is an example:

If you bet $100 on a game and if you pay $25 for one pick (this price I see all over the internet), which is small compared to prices in Vegas, your odds are lowered. And here is how.

Bet $100 on the odds of +100 and if you win, you make profit of $100. Right? When you take into account, that you paid for the advice $25, then you basically made only $75 of profit. That means, that you risk $100 and you won only $75.

What if we turn this into the odds?

What are the odds, when you win $75 by risking $100?

-133. So you basically don’t bet $100 on a game with the odds of +100, but -133. And the results?

Here is what happen:

As you see, betting service can claim, that they make +6000 units of profit with win% of 56 (this is almost not possible on odds of +100 on the long run, but is good for our example) and at the same time, you will make a loss, because you take into account the cost of the service.

When you take into account the results and the cost of the service, betting services usually can not reach such a winning percentage. This is also one of the reasons, why they hide or don’t show complete results (with yield for example). This is also one of the reasons, why most betting sites, monitoring sites hide all the details about picks. “W-L” record and “Profit in Units” is flawless. Simply as that.

Nobody is guru. Nobody is number 1 in the country

They all claim, that they are number one in country. Betting competitions are not realistic. With competitions you don’t need to deal with bookmakers limits, with dropping odds right away, with your own discipline, etc…. And in most cases you have unlimited bankroll and you can leave when you want. In real life if you work couple of months for your bankroll, this is not a joke and this is definitely not a unlimited bankroll. So, the things are quite different, right? Betting competitions are not realistic. Simply as that.

Betting gurus does not exist. Sports betting is a game of numbers. It is a game of analytics. If you are smart enough and you have some math background with combination of love for the sport, you can succeed. If not, you will probably lose. You are not born with “betting skill”.

Things are changing quickly, bookmakers are smarter and smarter and if you won a competition in 1997 and you are not willing to learn new things, you are out. Intuition and experience are nice. But they should be taken together with facts. And analytics is all about that. Either you are smart and work hard, either you lose. Don’t buy “guru” stories in 2017, be smart.

Most services make most of the money with service, not actual betting

Sports betting is not easy. To beat bookmakers today you must use analytics to find the edge, you must play on bookmakers, that will accept your bets, you must have strong money management, you must be very disciplined,…. and even if you are successful with all those things, there is a chance that you will not make money at some point.

But if you sell picks, you need only two things: A lot of foolish people + good marketing. Why bother with statistical analysis if you can make much more money selling picks.

I can guarantee you — most betting services make most money with selling picks, not with actual betting on sports. A lot of them don’t even bet. This was confirmed to me personally from someone, who runs successful sports betting service in USA.


MB, Underdogchance.com