I had a solid day of Sports Trading after a very slow start. It looked like being a similar day to yesterday where I found trading difficult. However things turned around towards the end of the horse racing and I have managed to produce some good figures.
My first race of the day was the 12:40 at Haydock. I started with a back on Corlande for £55 @ 3.80 with about a third of the race to go. I laid back £55 @ 3.00 a furlong or so later. Towards the end of the race I laid Notanotherdonkey for £17 @ 4.00 and this resulted in a profit of £17 on the race. I then had two, small but profitable trades.
Next for me was the 13:10 at Haydock, and here I had started with a lay on the odds on favourite and eventual winner, Scarvagh Diamond of £10 @ 1.68. With two fences to go it was apparent that she would win so I then backed her for £200 @ 1.10 to result in a profit on the race of £13. I made a real mess of the next, the 13:45 at Haydock, where I started with a back of £30 @ 3.00 on Harmony Brig and then quickly laid off at 2.78. Then I laid Dictum for £50 @ 3.00 just before he started to improve through the field and backed him for £50 @ 1.01 just before the line to leave me with a loss of £99.
My next race was the 14:05 at Sandown and here I backed Bohemian Spirit for £16 @ 2.51 and laid back @ 1.40, to leave me with a profit of £18. In the next three races I had a mixture of small profits and losses totalling a loss of £13. The next race for me was the 14:50 at Haydock where I had a total of 9 trades and ended up with a profit of £28.
The 15:05 at Lingfield was to be the highlight of my day. Sri Diamond had been held up last by Jamie Spencer in this 12 furlong race. At about two furlongs out Jamie said go and Sri quickly got in to second position with a furlong to go. Just as he challenged for the lead I backed him for £1422 @ 1.50 and he went on to score by a half length to net me an impressive £711 on the race.
In the next at Sandown, the 15:10, I backed Papini for £71 @ 1.80 whilst challenging for the lead. He went on to win and give me a further £57 profit. I had another five small but profitable trades in the remaining races to give me £20 more profit. So I had finished my racing day with a profit of £759 and not a penny paid in commission to Betdaq as all my trading had been in-running.
Now to the football where I had really wanted to watch the Liverpool v Arsenal cup game but due to having to make the evening meal had to miss a lot of it. I kept nipping through from the kitchen into my office to catch the odd few minutes. On one such occasion with 58 minutes on the clock and the score at 1 - 1, I saw a chunky £377 @ 3.33 offered on the under 2.5 goals market. I took the lot and then immediately put up a lay for 177 @ 3.05 and then further lays @ 2.79, 2.76, 2.72 and 2.55. These had all been taken with 66 minutes on the clock and had left me with no liability and a profit on the unders of £140. I then decided to gradually green up and laid a further £25 @ 2.30 and £25 @ 2.28 when the third goal was scored. OK I should have greened up a bit quicker but was happy with my £50 for less than 10 minutes work. In injury time I also backed the 3 - 1 score line for £24 @ 1.10 to give me an extra £2 and leave me with a £52 profit on the match.
It was also the start of Spanish Football after a near three week break. Tonights live match was the Real Zaragoza v Sevilla game which looked like being a high scoring game. After having a good day to date the last thing I wanted to do was spoil it so I initially decided not to trade the match. However with 10 minutes on the clock and the under 2.5 goal price virtually unmoved since pre kick off I decided to back the unders for £100 @ 1.93. I laid back £50 @ 1.80 and a further £25 @ 2.61. Then the first goal was scored and I backed the unders for £25 @ 2.61. The game was settling down a little now from the early frantic pace and I backed the unders for a further £182 @ 2.31. I began laying off @ 2.16 all the way down to 1.77, when the second goal came whist I still had a liability of £50. Again I backed the under 2.5 goals for £113 @ 3.53. I proceeded to lay at 3.10 and again at 3.00 for my full liability. I then greened-up for £25 @ 2.70 just before the third goal was scored. So here is an example of winning money on the under 2.5 goal market even if 3 goals or more are scored.
I then looked at the under 3.5 goal market and with 12 minutes left on the clock I backed the unders for £5 @ 2.20 before laying off @ 1.29, to leave a profit of £4. I also backed the 2 - 1 score line for £164 @ 1.18 just before injury time started and laid off @ 1.07 two minutes later to give me another £18 profit. In total I made £48 profit on the match. This gave me a profit for the day of £859.
Hi Ray,
Thanks for the recent comment on my blog. Looks like you had a great days trading, hope it continues for you throughout 2007.
Just a question though, do you have a certain banking strategy, or do you withdraw your profits daily and top up if you have a losing day?
Sorry if you have mentioned it elsewhere in the blog, couldnt see it.
Cheers
Damian
Posted by: Damian | 01/07/2007 at 02:11 AM
Hi Ray! Congratulations on your great win yesterday and hope that continues! It seems that you make more money on horse racing then on soccer matches.I don't know anything about racing, but is it a more predictable sport then soccer? And will I have to read about form/stamina/training/etc if I'd like to start trading/gambling on horse racing?
I had a profitable day too, but must have made a lot more.Anyway, I'm testing about 10 soccer trading plans and will explain them in a post in 5-6 hours from now.
Kind regards.
Posted by: ASA | 01/07/2007 at 05:08 AM
Hi Damian,
I work my bank in a different way to most as I started with £200 and have never put any more in. I tend to just take out £2000 / month to cover my living expenses and leave the rest accumalting in my account. It's amazing the level of comfort I get now that my bank is quite big. I never use more than 10% of my bank even on a sure thing but my average stake will be less than half a percent of my bank. Good Luck.
Ray
Posted by: Ray | 01/07/2007 at 10:15 AM
Hi ASA,
I do make more money on the UK horse racing than any other sport. I think it is the fact that horse racing is a lot less predictable that I make more money. I know quite a lot about racing now but I rarely look at form, all I am looking at is the actual race that is running and let my eyes and instinct take over from any preconceived ideas I might have about a horses form. To trade horses the essential requirements are: live pictures; fast internet connection; fast computer set up and lightening quick reflexes. My football trading is totally different as I try to stick to a srtategy and it is all to do with time and value. Good Luck with your trading.
Ray
Posted by: Ray | 01/07/2007 at 10:24 AM
hi Ray... nice to hear u winning again... just a few questions which i hpe to hear ur advise...
Firstly what do u think of the IRIS ? is it worth it to sign up? i cant access live pictures to horses because i am from other country so thought of signing up the IRIS and try can make money from it anot.
Secondly, do u know of any websites to horses about form, tips and stuff other than Racing Post???
thanks
Posted by: shawn | 01/07/2007 at 11:23 AM
do you find sky fast enough or do you have sis.
Posted by: gary | 01/07/2007 at 11:40 AM
Hi Ray,
Nice to see you've had a great start to the year - well done!
It must be question day as I'd like to ask you how do you decide what stakes use?
I notice that your trades vary in size quite dramatically - is this becaus not all of your stake was matched?
Thanks!
Mark
Posted by: Mark | 01/07/2007 at 12:07 PM
Hi Shawn,
Thanks for your comments. I like IRIS a lot, but it, like all new systems, does take a bit of getting used to. In your situation, with no live pictures, I would say it would be perfect. You do not need live pictures when you have IRIS giving you real time information. You only have to pay for a day at a time so you have nothing to lose by giving at go. I would say you will need to keep to low stakes for the first few days, just until you get used to it. I would advise clicking on the STW link on my page and signing up for free to their forum, here you will learn a lot about IRIS before you take the plunge.
As fas as form etc there is http://sportinglife.co.uk and also give http://www.attheraces.com a try. other useful sites are, http://www.adrianmassey.com and http://www.timeform.com/ you could also click the two links on my blog, Learn the best betting strategies and Elite Betting club, they both look at all the types of information you will need.
Good Luck
Ray
Posted by: Ray | 01/07/2007 at 12:16 PM
Hi Gary,
As you will see from yesterday's trading most of my races were on Channel 4 and my big one at Lingfield was on ATRxtra. Sky isn't as good as SIS for sure but Terrestrial TV is as good as SIS. I have looked at setting myself up with sky at home but have not taken the plunge yet. I also looked at setting up an exchange shop in Glasgow with 12 workstations SIS one click software etc, and talked about it on forums but there does not appear to be a decent level of interest for it at the moment.
Ray
Posted by: Ray | 01/07/2007 at 12:22 PM
Hi Mark,
Thanks for your comments. My staking does appear to be eratic. You are partially right in that the quickest trade I can make is to have a trade set up in anticipation of an event happening in which case I only have one click on the submit button and the bet is away. When doing this it really is pot luck as to how much gets matched. The next quickest way is to take a stake that is on offer which takes two clicks and the offers will vary in size greatly. The big one I got yesterday I had tried to take all that was on offer at the price which was £1500, somebody else beat me to a little bit of it. I hope this helps and good luck.
Ray
Posted by: Ray | 01/07/2007 at 12:30 PM
Ray
Belated Happy New Year. Hope all is going well. I will be putting together a day at the races late jan fot fellow bloggers and trading characters. Hope you will be able to make it but in the meantime keep up the good work.
Russ
Betdaq
Posted by: Russ Wiseman | 01/07/2007 at 06:58 PM
Hi Russ,
Happy New Year to you too. I see you have been busy going to all those race metings. Hopefully I will make it later this month, it would be good to meet up with you and some fellow traders etc.
Ray
Posted by: Ray | 01/07/2007 at 07:14 PM