Friday 22nd December 2006

It was a case of 'never mind the quantity feel the quality' today. I had a much shorter day than normal  as my three and a half year old twins had their Christmas party, at their nursery school. This meant I had to miss the early racing. So the first race that I traded was the 14:30 at Hereford. I put up a back on The local for £5 @ 50.00 and got matched. I then backed Amour Multiple for £63 @ 1.80 just after he had hit the final hurdle. This left me with a profit of £45.

My next trade was in the 15:10 at Lingfield where I backed Eva Soneva So Fast for £57 @ 1.50 in the final 100 yds and thought I had won, but the photo showed my horse had been beaten by a short head on the line, so I lost my £57.

I then had my eldest son come round to visit me so I had no trades for an hour and a half. My next race was the 16:50 at Wolverhampton and here I had a really brilliant trade. I managed to back Elhareer for £1000 @ 2.65 whilst well in the lead, coming into the straight and immediately put up a lay of £1000 @ 1.50. I tried to cancel my lay soon after but it had already been matched to leave me with a profit in this race of £1150. That was the last racing trade of the day and I ended with a profit of £1138 and still no commission to be paid due to the Betdaq offer of 0% commission on all in running racing.

Tonight's football match was the game between Cyrstal Palace and Sunderland. I missed the start. I backed the under 2.5 goals market for £432 @ 1.67 with around 10 minutes on the clock. I then proceeded to lay in £50 amounts from 1.61 down to 1.40 and then in £25 amounts down to 1.30. When the goal was scored in the 41st minute I had laid back all but £50, so I was looking good. I decided to wait before backing the unders again mainly because the price offered was not too good. At half time I put up a back of £200 @ 1.58 and got it matched. I then, and still at half time, laid back the £200 @ 1.55. I decided to hold on before laying any more until the price was down to 1.25 and here I started laying in £10 amounts down to 1.07. I didn't see the need to green up as only one goal had been scored and we were now in the 80th minute. If a second goal had been scored I would almost always green up, just in case a third goes in to leave no profit. In the 90th minute I also had a very small back on the under 1.5 goal market and in total I finished the match with a profit of £88. This left me in profit to the tune of £1226 for the day.

As you all know I do not give tips as almost every thing I do is trading in running. But the one bit of advise I would give to horse racing enthusiasts is to take a look at The Betting School. Its is a club where the owners test all types of betting products including, systems, trading software, strategies and tipsters. The club then report back to members on these products. To let you get a flavour of what The Betting School can do for you they have agreed to give all my readers a free report that tells you everything that you need to know about the latest software solutions. The club will also send you videos of software in action, along with trading strategies as well as beginner videos for getting the most out of the Racing Post website and the betting exchanges. To access this valuable resource just click on the links.

Comments

[humble]

well what a great day you had ray an awesome trade for a grand,havent been able to trade last few days as am awaiting a baby that is now 12 days overdue,it should arrive tomorow so back to normal soon for me.the time off has given me time to reflect and try and get a few strategies going for when i start again.thanks for the link to betting school will have a look at that.as always e great read for us trainee traders.

[Ray]

Hi Humble,

Thanks for your comments. Good Luck with the baby I hope all goes well for you and your wife/partner. I like the concept of the betting school, it should save people wasting money on sytems etc that don't work. Happy Christmas.
Ray

[Ferdinand]

another fantastic day you had there, well done :)
I am interested to learn horse racing trading myself, and have a couple of questions:
1). Which race do you usually trade, is it all UK, OZ, and US? or any particular one you find easier to make money from?
2). May I know which TV channels do you watch?I live in Indonesia so I don't know which channels do show horse racing live, but if I know the channel name, I probably can direct my satelite to receive the channels. Just a possibility, worth a try I think :)

Ferdinand

[Ray]

Hi Ferdinand,
I only trade on UK races as I need live pictures to be able to trade .
I use ATR/ATRxtra (CH415 UK; Racing UK (CH432 UK); and BBC2 and Channel 4
Good Luck.
Ray

[The Gambler]

I backed Elhareer at 2.48, before they came round the bend. Never looked like getting beat. Very generous price.

[Ray]

Hi Gambler,
This sort of thing often happens on the Daq, where you can get very good odds. I left you a message yesterday on another comment you had made, but I forget where now. Anyway have you giving any more thought to meeting up at the Lesters? Good Luck today.
Ray

[Ferdinand]

Hi Ray, thanks for your quick response...goodluck for today EPL :)

[The Gambler]

Not sure about the Lesters. Its a dinner jacket jobbie. I am sure we can meet up at some time in 2007. Cheers. :-).

[Ray]

The Gambler,
No problem, I'll catch up with you some time.
Ray

[Adam]

Hi Ray,

Well done on the way you play the 'daq'. I would just like to know which software you use? Obviously if you are betting in running you need software with quick refresh rates and I noticed in a comment that you had a link to this software.

Please could you forward it to me as it will be of great benefit to me.

Thanks

[Ray]

Hi Adam,
I do not use software at the moment. I have tried out several different ones. I like the flexibility of using the main Betdaq site as it is. Of the sotware I have tried the STW is the best and it is possible that I will use this again soon. The access the STW just click on the STW ad on the rifgt hand side of my blog.
Ray