Friday 30th March 2007

It has been a difficult day once again for The Sports Trader. I made a bad start and spent the rest of the day trying to claw back my losses. I only traded in 6 horse races, 1 football match and 1 cricket match.

My first two trades were both small but profitable ones. Then my bad day started with the 14:35 at Wolverhampton. I backed Suhayl Star for £73 @ 1.99 and a further £22 @ 1.49 and £14 @ 1.39. The horse was in the lead several times and by the time I realised that it wouldn't be winning I could not trade out of my position, which cost me £109.

It was nearly an hour before I had my next trade, in the 15:30 at Ascot, but I had a similar result. I laid Shouldhavehadthat, ironic I thought, for £73 @ 2.42 to cost me another £104.

My next trade was in the 16:30 at Lingfield where I laid Eva Soneva So Fast for £139 @ 1.83 before backing back £23 @ 9.40, to result in a very welcome profit of £116.

My last horse racing trade of the day was in the 17:15 at Ascot where I just laid Make It A Double for £30 @ 8.00 to claw back another £30 profit.

My race trading day had finished with a loss of £62.

I was determined to try and end the day with a profit and therefore decided to trade the under 2.5 goals market in the Leeds v Preston football match. I backed the unders for £413 @ 1.91 soon after kick off and had laid back £106 @ 1.81 when along came a very early goal. At this stage I was starting to get that horrible losing feeling, however I thought I would practise what I preach on this unders trading and went back in with more backs for £200 @ 3.00 and £322 @ 2.90. This gave me a breakeven exit point of around 2.56. I started laying off my position @ 2.62 for £160, 2.59 for £70, 2.48 for £100, 2.45 for £272, and then smaller lays down to 1.75. I now had a potential profit on the unders of £115 and no liability or profit on the overs. Then along comes a second goal. Again I went with my old method of backing the unders after a goal and this time backed £140 @ 2.70 and £313 @ 2.67. This was all laid off very quickly with £140 @ 2.67 and £313 @ 2.52. From here on I just started to gradually green up my position and ended up with a profit of £82 no matter what the score ended at.

In injury time with less than 30 seconds of the match remaining I backed Leeds to win for £638 @ an average price of 1.015 to result in a profit of £9.

After the football had finished I switched channels to watch the final few overs of the England v Ireland cricket match. There was no value to be had on the match result as England were looking the winners with only about 6 overs to go. So I looked for a better valued bet and found someone was trying to lay Niall O'Brian as top scoring Irish player and as Andrew White was caught behind by Nixon I backed Niall for £220 @ 1.07 to result in a profit of £16.

After a difficult day I just managed to turn around my losing position and ended up with a profit of £45.

Comments

[Paul]

Hi Ray,

I hope you are having a better day today. It has been a quiet period since Chelts, but our old friend Spanish domestic football is back.

Take it easy and patiently

Paul (in Lux)

[Ray]

Hi Paul,

I have had a reasonable Saturday but still can't seem to do as well as I had done for the last few weeks. I have no doubt that things will improve again soon.

Good Luck.

Ray