Monday 12th February 2007

It has been another poor day for UK racing. I only traded on 4 races, 1 football match and I dipped my toe into the American racing for 1 race tonight.

I started the day with a very small winning trade in the 14:10 at Plumpton. My next trade was in the 14:45, also at Plumpton. I got this one wrong by backing the 1/3 favourite, Chamoss Royale for £84 @ 1.35 at about half distance with her looking in command and in the lead. However, Fair Question had his own idea about the outcome of the race and looked much the better horse in the final stages of the race. I did manage to back him for £200 @ 1.05 to cut my losses but I still ended with a loss of £73.

My next race was the 16:20 at Plumpton and I started with a back for £50 @ 1.77 on Desert Air and followed that up with a further back for £8 @ 1.70. I then laid off £53 @ 1.65 and £5 @ 1.77. Then in the final stages of the race I backed him for £46 @ 1.16 to earn me a profit of £13.

My final UK race was the 16:55 at Plumpton where I backed Choumakeur for £510 @ 1.03 on the run in, when well in command, to net me a profit of £15.

That was the end of my race trading day with a loss of £45.

I decided to trade on the night's televised football match between Doncaster and Crewe. I had close on 50 trades on the under 2.5 goal market and I will not bore you with all the detail, but I will summarise what I did.I started by backing the under 2.5 goals for £340 @ 2.35, before laying off £285 @ 2.05. I then backed the unders again for £245 @ 2.25 then laid off £325 @ 2.05. Next I backed the unders again for £160 @ 2.00 and laid this off @ 1.85. Then the first goal was scored. At this stage I had no liability and a possible profit of £140 on the unders.

I backed the unders after the reformation of the market for £254 @ 2.41 and did not lay any off before the second goal was scored. So now I was in a tricky situation. I backed the unders for £157 @ 6.60. Now I had a liability of £410 with a break-even out point of 4.20. I just had to sit and hope to get to half time with no further goals, which did happen and then I started to lay off slowly from 5.40. I laid in £25 batches all the way down to 3.20. When the third goal did come I still had a £25 liability so this was lost.

Next I traded on the under 3.5 goal market. I started with backs for £60 @ 2.75 and laid off £48 @ 2.23, before backing again for £109 @ 2.24 and laying off £121 @ 2.05. This had me in a position of no liability and a possible profit of £60 on the unders. Then another goal came but with no damage this time so I was still down £25 on the match and started to look for other ways of getting out with a profit or at worst, break-even.

Now I looked at the match result and with the score at 2 -2 I put up a back on the draw for £500 @ 2.00. I had £185 matched and was able to very quickly lay off @ 1.40. I then greened up with a further lay of the draw for £50 @ 1.33. I should have left it there but I backed the draw for £125 @ 1.21 and laid off £109 @ 1.17. This left me with a profit of £35 and therefore a profit on the match of £10, which I consider to be a real result after the mess I was in earlier.

Later in the evening I decided to have a look around the Betdaq Home screen to see if there was any other market that I could trade with a view of turning the day's result green instead of the red that I had at that time. I decided to have a little flutter on the 22:32 Turf Paradise Race No.7. I traded mainly on the favourite, It's Just Mac, and had a couple of lays on outsiders. The net result was a profit on the race of £74. So I had succeeded in ending the day with a profit of £39.

Comments

[Neil]

only been reading the blog for the last couple of days, so haven't had chance to trawl over the archives.
but it's a great read ray, keep it up.
i've been a regular on betfair for a few months, and I've only just started using betdaq. it isn't until recently though that i've seen the great potential for earnings from the exchanges.
i think I'll read up a bit before getting stuck into it though.
a truly inspirational blog though ray, nice one!

[Ray]

Hi Neil,
It's good to have you onboard and thanks for your comments. My best piece of advice to you is start slowly and as your confindence and winning trades increase then start to increase stakes. I started this as a hobby and because of my personal circumstances I turned full time about 14 months ago. I have never looked back it was the best decision I have made for a long time. Good Luck and if you need any help just get in touch.
Ray