“I lost $256,000 in a day” EPISODE 2 | Jonas Gjelstad – Professional Sports Bettor

Published by Jan Heaney on

“I lost $256,000 in a day” EPISODE 2 | Jonas Gjelstad – Professional Sports Bettor

So, starting the year 2016, I’ve now
made a million dollars betting on sports in the Asian markets I’ve had like the best
month in October I topped it in November I topped it in December and I felt like well you know there’s nothing
that can knock me down this, I know I’ve solved
this now, everything is great the amount of bets I’m having like over 3,000 bets a month and
everything is just like amazing I turned 10k into a bit over a million dollars My name is Jonas Gjestad and I’m a
sports bettor, previous poker player basically trying to figure out what I
want in life So, in January I bet for 4.4 million
dollars and I made 357 K dollars but I want to show you something that
happened on the last day of January that’s sort of like set me a bit back This is my month, like just
the full month of January So, bet for 4.5 million dollars profited 326,000 with 7.75 percent which I’m really happy about But the night before the last day I was up 581,000 dollars and I
almost run a 16 percent ROI and then, the last day I lose two 256,000 dollars
in one day so coming off that
last day of January I started February,
which is also a pretty big month I bet for over 4 million dollars
and I lose 347,000 dollars which is almost 10
percent on average per bet but as you can see also
the numbers of bet I had in it’s only 1,200 compared
to all the months where I’ve been rolling
at like 3.5 K over 2k, 2.5 K so again, it’s going to be
higher variance and higher bets this is something where
I think I did a mistake I think I should have maybe
being a bit more cautious and you can see that the next month I decided like, well you know what, like I
actually need to step down so I realized that next month so I placed 776 bets and
I bet 1.5 million dollars and I had another loosing month I lost 110k which is
almost 8% per bet obviously during this period I know like I was
extremely unfortunate but at the same time, also you
see like I’ve showed you earlier I had months where I was
running above about like 10% and it’s sort of it evens
out in the long run which is the most important
thing to think about and this is what separates
like the good from the bad people everyone is good and everyone is happy and everyone thinks they’re flawless
when things are going good but when you go bad, that’s when you can
actually learn from your mistakes and that’s when you
need to put in the hard work going on from there,
you can see I lost 110K then I started off April winning some
and I upped my bets from 1.5 million to 3.3 million and I made over
2k bets and I made 90 K with like a 3% ROI which again then it’s like sort
of feeling like now I’m back at it this is good, and then in May,
last games of the season betting four million making 327 K with
almost 99% felt just great going into the summer like that and then euros were going to start
and I was feeling good about it because I can’t just sit there
and think like oh I lost 256,000 dollars in a day, what if
that’s going to continue happening? because I know like you can go
the other way around so obviously made me
a bit more aware that I need to think about the amount
I’m betting per game and if I want to
have these swings because now I’m starting
to get to a point where I’m quite comfortable
with my living and you know it’s much more
important to have 1 million than to have 1.5 million or 500 K so you rather want to lower the
swings and have like let’s say 75 percent chance of
reaching 1.250 million dollars and a 25% chance of going down to
$50,000 because it’s actually significant
money but you can invest and sort of get a long-term
passive income on and if you invest in real estate or you
know like they’re safer investment than sports betting Sports betting I think is
by far my highest return of investment and I can flip my money over so many
times and still have like over 3 percent return on my money for every
90-minute investment which is like beyond crazy like
when I tell it to people that are involved in other
type of like let’s say stocks or anything like
that they don’t believe it it’s like it’s too good to be true but it’s all about them
being on the right side and knowing what you’re doing
cause if you don’t then you’re losing


First Class Sports · January 6, 2017 at 4:42 am

WHere do you bet through?

Juuso Haarala · March 11, 2017 at 9:04 am

Do you always play single bets or sometimes also combo bets? Before you place your bets, which factors are most important for you? standings, injuries, motivation, etc.?

YouTube LoVer · March 13, 2017 at 8:23 am

I lose every time . 🙁 i hope to win like u one day !

John Stephens · March 25, 2017 at 6:10 pm

After watching your videos this is a classic case of How Not to Sportsbet!

Mode Production · March 31, 2017 at 11:08 pm

Do you bet more than 10% of your bank? and how much odds you are you betting?

FRANK BOADI · April 27, 2017 at 2:30 pm

What is the best betting strategy

King Justice-Supreme · May 18, 2017 at 4:57 pm

dam! 250k!!! losses .. you on another level dude

Mohamed Jallow · May 27, 2017 at 12:33 pm

I will be nmaking100s of thousands dollars one day like I promise!

Francisco Fonseca · July 21, 2017 at 9:57 pm

his bets are live or pre live?

Keith Denny · October 8, 2017 at 12:14 am

Hi jonas thats very inspirational but at the moment ive had a losing 2 weeks and this is why i ask you about variance first 2 weeks in september i was coming in at 10% bets for example £20 roi = 220. In 1 hour and that was every day at 2 weeks solid sometimes 500+£ a day so i woukd like to break down variance in lamens terms and you seem to know what your doing


olagunju okunola sunday · October 28, 2017 at 4:55 am

How can I get yours games

Artur Lebiecki · November 19, 2017 at 12:10 am

Guys is your product available in the UK have you get many customers from here ?What’s the accessibility to those Asian bookies from the UK? Even Pinnacle is not present on this market. Interesting materials!!!

Ryan S · January 1, 2018 at 7:30 am

So, during the later months the total was 3k/monthly or roughly 100/bets a day. No human can accurately research and determine that volume of games. Is this high frequency betting using arbitrage with different book prices or actual betting?

Roadto 500k · March 14, 2018 at 8:06 am

Only 3,4% ROI at the end, it's not too much for me. Anyway, good job!

martygi · March 17, 2018 at 12:34 am

Who do you bet with…..I don't know of any bookmakers besides an exchange who would take your action

Mind rules · May 14, 2018 at 4:23 am

They should make you brand ambassador bro

The Big Goat · June 15, 2018 at 8:42 am

have you ever accessed a fixed natch brother?

di mention · July 19, 2018 at 1:39 pm

talking in monopoly money

Artist Bay-Area · August 6, 2018 at 6:03 am

I bet on my wife and I so In ever had one.. thats how you do it in sport trading use the cash flow to load into stocks to build capital, use the capital to build stocks with divdiends as "longterm or investment" to live off the dividends. you will be a boss forever and ever

Tulga BTV · January 12, 2019 at 5:04 pm

Why that he is happy?

UnboxViews · March 13, 2019 at 11:52 pm

If he bets millions why not just quit and enjoy life

Tim Mann · March 24, 2019 at 12:06 pm

Seems fake to me

Gin Rummy · April 21, 2019 at 5:37 am

I believe it but what I don't get is how can you bet 3000 games per month? It's like 100 bets per day, so you follow right movements bets on 100 games per day doing it alone? That sound almost unachievable. I played online poker for a living for like 10 years playing 24 tabling but I can't see how you can manage to bet 100 games per day where you actually have an edge.

Wallace Brown · May 23, 2019 at 5:45 am

Are you betting online or in person ? Please list a link to where I can safely bet online ?? I currently have to go in person because almost all online betting sites have horror stories of people getting scammed

Jerry Novak · May 25, 2019 at 12:53 pm


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