Wednesday 31st January 2007

The Sports Trader has had a really good day to round off a good month. I traded in 9 horse races with no losing trades and I even managed to trade profitably on 2 football matches tonight.

My first race was the 13:20 at Newcastle where I started with a back of Imperial Commander for £6 @ 2.10 before laying back @ 2.08 and then backed him again, whilst in the lead with about 3 furlongs to go, for £64 @ 1.51, to leave me with a profit of £33. I then had a small, profitable trade.

The 14:10 at Leicester provided me with my best result of the day. I watched the race right up to the just before the final fence and then I backed Back For The Craic for £1111 @ 1.44. I laid off £8 @ 1.20 and a further £100 @ 1.10 before realising the race was safe and cancelled my other lays to net me a profit of £477. By the way take a look at the Leicester Racecourse link, they have produced a brilliant website.

In the 14:40 at Leicester I just had a small scratch trade with no profit or loss. My next race was the 15:40 at Leicester. Here I backed Englishtown for £131 @ 1.40 about a furlong out and laid off @ 1.25 to leave me with a no risk profit of £20.

My next race was the 15:50 at Newcastle where I backed Master Sebastian for £100 @ 1.82 with two furlongs to go. I then backed him again, on the run in for £400 @ 1.01 to give me a profit of £86. I then had two small, profitable trades.

My last race of the day was the 16:30 at Lingfield where I backed Nawow for £658 @ 1.30 on the run in and had put up a lay @ 1.10 but cancelled before it got matched to leave me with another good result and a profit of £197. So my racing day had finished with a total profit of £815.

I decided to watch the Arsenal v Spurs match tonight and after about 12 minutes of the match I backed the under 2.5 goals for £174 @ 1.74. I laid off £150 @ 1.58 and £24 @ 1.46. Then early in the second half I greened up with a lay of £26 @ 1.15 to leave me with £26 whatever the result.

I also did a bit of channel hoping and watched some of the St.Johnstone v Hibs match on BBC1 Scotland. I had a very small trade on the under 2.5 goal market to net me £3.

Later I watched all the extra time in the Arsenal match. Unusually for me I traded the Extra Time match result and started with a back on the draw for £250 @ 2.40 just at the start before laying off £200 @ 2.25 within a minute. I then just had a few trades backing both Arsenal and Spurs to win, to square my book. I ended with a profit on all outcomes, but with the best result being an Arsenal win, so I ended up with a profit of £35. My football trading therefore produced a profit of £64. Which left me with a very healthy profit on the day of £880.

Well I have been thinking all through January that it had been a tough month for me but my final result for the month is a profit of £5529, which is a lot better than I had been predicting. Within this figure I still had a loss on football of £600.

You will have noticed that I have been adding features to my blog recently to try to earn a little revenue for the effort I put in writing, it does not come that easy to me. I have a lot of visitors to my blog coming from out with Sports Trading due to my blog being listed on Blog directories. The adds are mainly aimed at these people to give them a few pointers in the right direction if they decide to dip their toes in this brilliant profession of ours. Some of the adds may appeal to fellow traders and if so I hope that they help you. I hope these ads do not offend or detract from the experience you have when visiting.

Comments

[Rob]

Hi Ray
The site is excellent and the banners are fine :-)
I am still getting over the fact you made 5.5k....I think I need to put more effort into my trading :-(........I thought I had a good month until I saw those figures!
Anyway enjoy it, GL
Rob

[Ray]

Hi Rob,
Thanks for your comments. My result was a surprise to me as it has been a difficult month. It is only really the football that has let me down. On the racing front quite a few meetings have been lost to the weather and at this time of year the quality of races is not too good, but that should start to improve now. Good Luck with your trading.
Ray

[Dublin Goat]

Ray

Great work lad.... keep it up but as you well know from your December experiences it is a marathon. One bad day can shake you to your core.

Please keep to your self imposed rules and make sure that your Feb is as great as Jan.

It is great to see someone work so hard and get results. I am confident that you will turn the footie around - why dont you simply flip it for a month and back overs???

[Ray]

Hi Dublin Goat,
I hope to keep it up. The footy is still my achillies heel and I will tread carefully for a while on that. Good Luck with your trading.
Ray

[vmax1les]

hi ray
one question i remember a while back you said you started with £200.my question is did you put the whole lot on your first bet or did you use something like 10% of your bank just curious.
well done on last month and can i just say you have been an inspiration to me.
thanks les

[Ray]

Hi Les,
Thanks for your comments, they are much appreciated. My original £200 was used very carefully. I was trying to make £25 / day at that stage and I tended to lay horses before the off and back them back in running. I think I was using 10% of my bank / trade. Now I do not set limits on my trading. If I see a price offered that I think is either too high or too low I will take it and then trade out. Good Luck with your trading.
Ray

[humble]

Well done ray a fantastic month,you deserve it and the banners a ok by me the blog is looking good.

[Ray]

Thanks Humble,

I really thought I was having a hard time throught the month but the end result is very pleasing. It's good to know that the banners are not causing offence.
Ray