Wednesday 21st March 2007

The Sports Trader has only managed to trade on 8 horse races today with 1 losing trade. It is a times like this when real discipline is needed, I know if I look back a year or so I would have been trying to make trades happen and then end up with some biggish losses. However, I am pleased to say that I am able to resist that temptation and can just watch for a good trading opportunity to turn up.

My first 3 trades of the day were all small profitable ones. In the 15:25 at Lingfield I backed Ballyaahbutt for £38 @ 2.65 and laid this off @ 2.10 and then in the closing moments of the race backed him again for £3 @ 1.05 to result in a profit of £21.

In the 15:35 at Kempton I backed King of Charm for £28 @ 5.50 with just over a furlong to go and when challenging for the lead to result in a profit of £126.

In the next race, the 15:45 at Chepstow I backed Mighty Moose for £300 @ 1.50 when just taking the lead to result in a profit of £150.

My only loss of the day came in the 16:30 at Lingfield where I started with a back of Aqua Pura for £49 @ 2.50 and then laid off £50 @ 2.04. A little later in the race I laid Georges Boy for £3 @ 4.90 and backed him back for £2 @ 1.10 to result in a loss of £10.

My final trade of the day resulted in a small profit. So my race trading had ended with a profit of £310.

I had a few other things to do in the early evening and so missed the start of the televised football match. I didn't see any decent trading opportunities and so did not have a trade in the match.

Comments

[Jimmy]

Hi Sportstrader, Been reading your blog for the last 4 months or so and really found it inspiring, you really seem to know your stuff. My main question is regarding the horses, I have traded the horses in running and it always seems to go the opposite way whereas you seem to make the right decision 9 times out of 10. Is this because you are pretty much up on horse racing and know how certain horses will perform, ie, a certain horse will always stay in the middle and not push until a furlong to go or another horse is a particulary good front runner, or are you purely watching the race and making the decisions from that, ie, the positioning of the horse not taking form into account?

Keep up the great work, you are truely living the dream!

Cheers

Jimmy

[Ray]

Hi Jimmy,

Thanks very much for your comments.

I really know very little about form of horses. I do just watch the race unfold and wager according to what I see. I do think however that in time I have developed a better understanding of what is likely to occur in a race. So I think that the longer you trade these markets and the more experience you gain the better you become.

goo Luck.

Ray

[funny]

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