Tuesday 13th November 2007

It was another day and another mistake for the Sports Trader. I traded on 7 UK horse races and 1 football match with just 1 loss.

My day got underway with a small profit in the 12:40 at Kempton. Then in the 13:00 at Sedgefield I backed John Dillon for £286 @ 1.55 before laying off £108 @ 1.48 and the remaining £178 @ 1.29 to result in a profit of £70.

In the 14:05 at Sedgefield I backed Soulard for £229 @ 1.86 and laid this all off at 1.61. A little later I backed him again for £188 @ 1.50 and then laid off £47 @ 1.46 and £141 @ 1.19 to result in a profit of £103. I followed this up with 3 small, but profitable trades.

Then came my mistake in the 15:40 at Exeter. I had put up a lay for £155 @ 3.45 on Deep Quest whilst making mistakes at the 4th and 3rd fences from the finish. I had a visitor arrive and then one of my daughters came into my office and I started talking to her and totally forgot about my lay. It is unusual for me to have lays on the market for any length of time as they are normally either matched or I cancel them. In this case I left the lay up as I still thought the horse had little chance of winning and then with talking to others I forgot the trade and paid with a loss of £380 to wipe out what had been a decent day.

My race trading had finished with a loss of £186.

I had intended not to trade on football in the evening as I was still mad with myself for the error I had made earlier and that is not the best frame of mind to be in when trading. However, I did still watch the Bournemouth v Milton Keynes match. After the two early goals had been scored I was tempted to trade on some of the big prices on offer for the under 2.5 goals market but I still held off. Then I thought it would be good therapy to trade lightly on the match to rebuild my confidence. So I backed the unders for £12 @ 3.25 and laid off @ 3.00, then a very high price came on the screen and the value light went on in my head and I backed the unders for £90 @ 3.77 and a further £20 @ 3.55. I started to lay off @ 2.90 down to 3.08. I had a few more smaller trades and then at the end of the match I backed the unders for £54 @ 1.22, £50 @ 1.13 and £100 @ 1.11, this all resulted in a profit of £144, not bad considering I was only going to have a few small trades.

My day had finished with a loss of £42.

Today was also the anniversary of starting this blog and I would like to thank all the readers for your most welcomed support, ideas and good wishes throughout this year.

I have tided up the My Favourite Blogs listing on the left had side of this page by removing some of the links where there have been no updates recently and by adding two of the blogs that I regularly visit, these are Man Of Mystery and Betting Blogs, they are both a great read.

 

Comments

[keane from penang]

hi ray,

gd recovery! jz wonder what is the speed bandwidths of ur internet line over there?

my country only has 1MBps which i see is quite slow to have edge in trading in-running.

regards

keane

[Ray]

Hi Keane,

I have one 24 Mbps and one 8 Mbps connection.

Ray

[Leon]

Hi Ray I was wondering if you have an indepth knowledge of the horses you trade by studying the form and their running patterns etc. or do you just rely upon what you see on the tv screen? Also do you use software for Betdaq? I havn't seen any advertised anywhere.

[Ray]

Hi Leon,

I do not have an in depth knowledge of horse racing. I used to try to read form but my results were not good so I looked for a different angle on racing and decided to try in-running race trading. In time my results started to improve but there are many people who are a lot better than me at this job.

I do not use any trading software just the main Betdaq site.

Good Luck.

Ray

[keane from fareast]

hi ray,

wow wow wow... unbelievable speed u got for ur broadband line.

well, i guess my country damn outdated & far behind... now i started wondering how to compete in the fast pace market liquidity.

no wonder i always got caught!! damn it!!

wish i could hv stay at UK

tkz anyway.

keane