Wednesday 30th May 2007

Well it has been a non event for the Sports Trader today. I did trade in 6 horse races and 1 football match but ended all square on the day.

My first race trade was in the 14:20 at Cartmel which ended with a small profit. My best race result came next in the 15:30 at Cartmel where I backed Westfield Dancer for £28 @ 2.20 and laid all this off @ 1.77. Later in the race when well in control of the race I backed him again for £175 @ 1.35 to result in a profit of £74.

My worst result came next in the 15:45 at Brighton where I backed Shaheer for £143 @ 2.00 when regaining the lead with 2 furlongs to go. He was headed again inside the final furlong and I could not trade out of the situation. I therefore lost £143.

In the 17:15 at Cartmel I laid Welsh Dream for £44 @ 9.60 and backed back £24 @ 16.00 to result in a profit of £20.

In the 20:00 at Leopardstown I made a complete horlicks of things and managed to back Fancy Dance for £67 @ 4.00 instead of lay. You can probably tell my mind hasn't been fully on the job this last few weeks and this is what you can expect when not concentrating 100%.

My next and last race trade resulted in a small loss. So my race trading had finished with a loss of £123.

As soon as the horse racing had finished I turned my attention to the International friendly football match between Austria and Scotland. With the score at  0 - 1 and well into the second half I backed the under 1.5 goals market for £17 @ 1.80 and then with 88 minutes on the clock I backed Scotland to win for £1000 @ 1.11 to result in a profit of £124 on the match.

My day had finished with a £1 profit.

Comments

[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