Thursday 23rd November 2006

I have to report a loss today and it all came from the first race @ Thurles where I backed Pom Flyer @ 4.10 for £1660 and started laying off @ 3.50 for £738, only to see the horse start to weaken. If it had stayed on running well for another furlong I would have been out with a healthy profit, but it didn't so I took a loss of £920. This was an unusually high amount for me to bet on a horse but it looked right at the time and surprisingly enough I didn't beat myself up too much as I was so close to coming out with a thousand pound margin. In the next @ Taunton I did quite a few trades on Park Lane Princess and came out with a £101 profit, I could have made more but was ultra cautious after my misdemeanour in the previous race. Later in the 14:55 @ Taunton I layed Cociembe around half distance to the tune of £100 and backed General O'Keeffe in the final furlong for £993 @ 1.10 to net me £190. I then went on to back Singh on Song in the 15:45 @ Thurles to net a further £48.

I had to take one of my daughters to her school disco in the early evening so I missed most of Wolverhampton and by the time I got back to the house all the football matches had started so I looked out for opportunities to claw back a few more pounds. I was tempted to lay the unders in the Feyenoord V Blackburn to cover the rest of my loss for the day but in the end didn't have the bottle so I just traded as normal and backed the unders at between 1.39 and 1.75. I layed off gradually around the 1.32 to 1.36 level to net me £63. I also had the Newcastle V Celta Vigo match on my other screen and again backed the unders after the second goal went in. I had about 20 trades on this match as when 2 goals have been scored you are only 1 goal away form a potential heavy loss so I tend to go in and out very quickly. The upside of trading after the second goal is that the odds are much higher and will therefore fall much faster allowing for this quick in and out type of trade. I eventually greened up with £130 on both sides and was well pleased I had as that 3rd goal did come in the 86th minute.

I am having a little trade on the Premier League snooker match between Ronnie O'Sullivan and Graeme Dott and what ever happens will make £10, so my loss for the day is still a fairly large -£640, so I am human after all. Why is it that you always get beat on the biggest stakes that you place? I did not get into the cricket today but will probably watch the highlights later.

Comments

[The Gambler]

Slowly.... slowly.... catchee... monkey. Good Luck tomorrow. :-)

[Ray]

You are correct John - and I will make a profit today. Good luck with your own trading.

[ramps]

They are always days when you things don't work out by small margins. At least you didn't break your rules like I did yesterday and shells out lots of points on a stupid lay.

Another day another dollar today :)

[Ray]

Thanks Brian, I hope you have a much better day today.
Ray

[Philip Wilson]

Your blog is well worth a read
They should make your day into a mini-series
Could be worse -you could of lost 217k
SA
www.smilingassassin.com

[Ray]

Thanks Phil,
I just try to tell it as it is and by so doing hope to give newer players a little more confidence. I would have really appreciated such a blog when I started out to give me a few pointers. When you read the Betfair forum most people say it can not be done and the rest pretend they are making a fortune. I have still a lot to learn on the mechanics of putting a good blog together, such as yours.
Ray