Friday 2nd March 2007

After yesterday's mishap the Sports Trader was in consolidation mode. My Au Pair was off all day which meant I had to spend a lot more time than usual looking after the children's needs. I therefore only managed to trade on 6 UK horse races and i football match.

My day started with the 14:00 at Newbury where I backed Signs of Love for £50 @ 2.14 and followed this with a lay of Peacock for £4 @ 2.42 and a further back of the eventual winner, Signs of Love for £50 @ 1.05 to result in a profit of £63.

In my next race, the 14:30 at Newbury, I backed Money Order for £300 @ 1.15 when just getting to the lead in the final 20 yards of the race to result in a profit of £44. I followed this up with a small winning trade in the 16:25 at Wolverhampton.

My next trade was in the 16:40 at Ayr where I backed Nevada Red for £100 @ 3.00 before laying off £70 @ 3.50 and a further £10 @ 3.00 to result in a profit of £20.

In the 16:50 at Newbury I backed Coolefind for £176 @ 1.14 when going over the final fence and well in the lead to land me a profit of £24.

My last trade was in the 17:10 at Ayr and here I backed Quws Law for £15 @ 1.50 and then on the run in when the race was already in the bag I backed him again for £1500 @ 1.01 to result in a profit of £22.

I finished my race trading day with a profit of £177.

I had a very small trade on the Derby v Colchester match and as I was going out I only traded for the first 15 minutes, which is probably just as well as I would no doubt have lost money due to the amount of goals scored. I backed the under 2.5 goals for £7 just at kick off and laid off £5 @ 1.81. The first goal was scored in the 2nd minute and soon after I backed the unders for £57 @ 2.74 and laid all my liability off @ 2.48. I decided to go for a shower before getting ready to go out and when I got back to my office I saw that the score was now at 3 - 0. I switched the TV off and thanked my lucky stars that I had taken a shower. I ended up with a few pence profit.

My day of trading had therefore ended with no losing trades and a profit of £177.

I have added a new link under the Links heading for a very good free site called Sports Betting, Trading and Arbitraging. This is a brilliant site with real practical advice from a full time online sports trader. All the information is offered free of any charges and is updated regularly with the latest trading developments. I would recommend everyone to have a browse of the site to pick up on new ideas for making your trading pay.

Comments

[Gavin]

Hi Ray I've been watching your blog for a while, its made me laugh at some of the doubters comments over on certain forums, anyway always a good read, all the best to you and your family and stay lucky

Gavin

[Sokyola]

Hi Ray,

Good to see you had a solid day after the mishaps of the day before.

Unfortunately my poor form continued, and my bank is wiped out. I am going to give it one more try - see how we go. Hopefully this time with some discipline and hard work, I can get somewhere.

Onwards and Upwards !!!!

Sokyola

[Ray]

Hi Gavin,
Thanks very much for your comments, it's good to know that you enjoy reading the blog. Good Luck.
Ray

[Ray]

Hi Sokyola,
The very best of luck today, just keep the discipline and start making money slowly it will mount up in time.
Ray