Wednesday 18th April 2007

The Sports Trader is continuing a bad vein of form but the damage was limited as I only traded in 6 horse races and 1 football match.

I started with the 14:20 at Cheltenham where I laid Laustra Bad for £10 @ 4.00 to lose £30. Then in the 15:30 also at Cheltenham I laid French Saulaie for £20 @ 7.00 to cost me another £120.

I followed up with 2 small winning trades and then in the 17:40 at Beverley I laid Dansimar for £125 @ 3.20 to result in a profit of £125. My final race trade of the day resulted in a small winning trade.

My race trading day had finished with a loss of £21.

Then came tonight's football match between West Ham and Chelsea where I backed the under 2.5 goals market for £250 @ 1.87 before laying off £50 @ 1.75, £50 @ 1.70, £50 @ 1.68, £50 @ 1.60 and £25 @ 1.48. At this time the first goal was scored and I had a liability of £25 on the unders. I backed the unders again for £49 @ 2.20 and then the second goal was scored and I decided to wait a while before getting back in. The third goal came and that cost me £74. I went on to back the under 3.5 goals for £42 @ 5.00 and had my lays up at 4.2. My lay must have been next in the queue when the fourth goal went in to cost me another £42.

I was looking at ways of trading out of this position but I had to take a telephone call and by the time I had finished the game was over.

My day had therefore finished with a loss of £137.

Comments

[Elaine]

your blog has been added to 2kbloggers.com congrats!

[Francois]

Hi Ray,

Why didn't you lay off £267 @1.75 to result in a profit of £17, instead of £50 @ 1.75, £50 @ 1.70, £50 @ 1.68, £50 @ 1.60 and £25 @ 1.48 so risky in this match ?

[Ray]

Hi Elaine,

I will see you over there later, thanks.

Ray

[Ray]

Hi Francois,

I have developed my stategy for working the under 2.5 goal market over the last 2 years. It may not be perfect but I have had some very good results including a run of 50 matches without a loss. So it works for me. In hindsight I should have layed it all off at 1.48 but then it is always easy after the event, reminds me of the racing presenters on tv that can always tell you why a horse won a race - after the race, but why, oh why, can they not tell us all these reasons before the race?
Good Luck.

Ray