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« Tuesday 29th May 2007 | Main | Thursday 31st May 2007 »

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The Gambler.

Annual income £2.00 a year.
Annual expenditure £ 1.99 a year
Outcome Happiness.

Annual income £2.00 a year
Annual expenditure £2.01 a year
Outcome Poorhouse.

Charles Dickens. 19th Century.

Daily income £1.00

**** this for a game of soldiers.

Ray The Sports Trader. May 2007.

Ray

Hi John,

Slowly, slowly, catch the monkey. I am not proud of today's result but at least it was positive.

Ray

ian smith

Hi Ray .... do you ever calculate overall profit or losses if you let bets run rather than trading out? I know trading out is the safest thing to do as you don't rally want to gamble, but it seems that where you get caught out is when you can't lay off & I wondered whether this would be offset by letting others run. I guess this may come down to how many of your bets turn out to be correct. Hope this makes sense.
cheers
Ian

Ray

Hi Ian,

I don't have the confidence to let bets run as I do not follow form. I prefer the lower risk of trading and you are right that I do get caught out when liquidity is low but hopefully that will continue to improve.

Ray

The Gambler.

Good Luck Today Ray. :-).

Ray

Hi John,

The same for you, I hope you get on well with the tennis.

Ray

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