The Sports Trader was having a good day until the last trade of the day which plunged me into losses. I traded on 7 horse races and 4 darts matches with just the one loss.
My day started off very slowly with 4 small but winning trades. The best result of my day came in the 15:10 at Leicester where I laid Kelv for £50 @ 2.10 before backing back £48 @ 2.16. I then backed the eventual winner, Meadow Hawk for £85 @ 2.00 and laid off £20 @ 1.20 to result in a profit of £83.
In the 15:40 at Leicester I laid Haversham for £44 @ 6.00 to give me another profit of £44. My final race trade of the day resulted in a small profit.
My race trading had finished with a profit of £131.
The first of my darts trades was in the match between Andy Hamilton and C Losper where I just managed a small profit.
In the Barney v Dennis Priestley match I started with a back of Barney for £500 @ 1.47 and then gradually laid off to result in a profit of £63.
Next was the McDine v Greatbatch match where I started by backing McDine for £50 @ 1.54 and laid off @ 1.22. I had another small back on him @ 1.10 to result in a profit of £19.
In the last trade of my day in the match between Nixon and OrreaI I had backed Nixon, with the score at 4 -0 and only wanting 1 more leg to secure victory, for £505 @ 1.08. Nixon was well in control of this match and his opponent was playing woefully so I thought my money was safe. But the best laid plans are always the ones that come and get you in the end. I did manage to back Orreal for £100 @ 1.10 to lessen my loss a little but in the end I lost £494 on this match.
My day had therefore ended with a loss of £279.
I do apologise for being a little late in updating my blog again but life is just not that easy at the moment. I do not want to bore you with my problems but I have had to spend a lot of time sorting mine and other peoples problems out this last while. However I do not want to offend my readers so I will try to catch up but if I find that not possible, I may just stop writing for a while.
Hey Ray
Would be a shame to see your blog fade. I like to see how you are getting on.
How is your lad getting on with his foray into trading. Has he managed to keep the 1% target trading on the unders?
As for me I had a bad day today - Wednesday as I made a proper mess of trading on a race and did it while it was in running and lost most of my betting bank. It wasn't that big to start with so I don't have much left to trade with now. I am thinking of having a go with Betdaq because of the slightly lower commission and also the lower minimum bet size. 2 Euro instead of 4 Euro. With a small bank that could be handy for me.
The only thing is the lack of software to do the trading. I like to use BetIE mostly although I have been trying BetTraderPro which I like but I am not so keen on the monthly fees and the same with BetAngel.
I would even be tempted to have a go at wring some software myself to do the fairly simple trading I want to do on Betdaq ( I presume they have something like the Betfair API) best of all I would write it native for the Mac so that I can stop torturing myself with Windows.
Anyway all the best and I hope you get your challenges sorted out so that we can still have your updates from your blog.
Wizardgold
Posted by: Wizardgold | 11/21/2007 at 11:41 PM
Ray. I was only jesting on my blog. Only included you, as I did not want to feel like you have been left out.
Priorities.
1. You.
2. Family.
3. Making a few quid.
4. Everything else.
5. Blog.
Hang on in there buddy. Your (virtual) friends are with you all the way.
BTW. Never take anything I say on my blog that seriously. It is probably bad for your health.
Posted by: The Gambler. | 11/21/2007 at 11:47 PM
Ray,
Maybe its time you gave the blog a miss for a while, im sure we all enjoy it, however youve said already, domestics, tax man and the likes are weighing heavily. Your trading head will not be right either as these things arent resolved, believe me, i know. Until you have it all sorted, I feel I speak for many people, leave the blog to one side, or maybe update once a week until you have the motivation back. Good luck with it all, keep the priorities though.
Dave
Posted by: Dave | 11/24/2007 at 01:21 AM
Hope everything is sorting itself out Ray - I echo the comments from the others - the blog should be low down on the list of priorities.
All the best,
Mark
Posted by: Mark Iverson | 11/24/2007 at 06:03 PM