Monday 11th June 2007

It was back to reality today for the Sports Trader with 10 horse races and 1 football match traded on.

I started my day with the 14:30 at Newton Abbot where I backed It's The Limit , when approaching the finishing line and well in front, for £1696 @ 1.01 to result in a profit of £17.

In the 15:45 at Wolverhampton I baked Mighty Kitchener for £80 @ 2.13, which was a mistake, I had tried to cancel my back but I had a problem with my computer and by the time my order had gone through all the back was taken. I ended the race with a loss of £80.

In my next race I had my second and final loss of the day, but at least this time it was only a small loss of £5.

In the 18:45 at Pontefract I laid Lake Sabina for £25 @ 7.00 to result in a profit of £25. My next trade was in the 19:55 at Roscommon where, unusually for me I traded before the off. There was a lot of liquidity in the few minutes before the off and I decided to try trading pre race with a back of the favourite, Sweet Wake, for £3592 @ 1.36 which I laid off within seconds @ 1.34. I then proceeded to green-up with a lay for £100 @ 1.34 and a back for £35 @ 1.39. In the final few yards of the race I also backed the favourite again for £41 @ 1.10 to leave me with a profit of £68.

My next trade was in the 20:15 at Pontefract where I backed Expensive for £222 @ 2.70 and laid off @ 2.50 to leave me with a profit of £45. I followed this up with my final 4 race trades all resulting in small profits.

My race trading had finished with a profit of £82.

After racing I decided to trade in the under 21 football match between Serbia and Italy. I only traded in the final 4 minutes of the match with a back on the correct score of 1 - 0 for 191 @ 1.18 and laid off with 1 minute to go at 1.12 to leave me with a profit of £12.

My day had finished with a profit of £94.

For those of you that have not seen today's edition of the Betdaq Exchange Views blog, Betdaq have joined forces with The Daily Star to offer you the chance to win up to £5000 in a tipping competition for The Royal Ascot meeting which starts next week. It's a great competition where you have to pick horses to lay to lose. For more information see the Betdaq Exchange Views blog or click here to go to the competition.

Comments

[ian smith]

Ray .... glad you didn't come unstuck on Sweet Wake .... but in hindsight was a pre race back at that amount a bit rash bearing in mind your usual disciplined approach?

regards

Ian

[Ray]

Hi Ian,

It is rare that I take on a trade like this one but I saw the amount of liquidity and the prices on offer on other sites and decided the risk was worth taking.

Ray

[stone cold]

Hi Ray

Great blog, do you adopt the the same mindset trading on racing and football.Also how come you dont trade on cricket.

[Adam]

Hi Ray,

Hope you had a look at my blog and got on th 5/2 winner.

Todays selections are up.

http://www.ggtipster.lastminuteliving.com/

[Ray]

Hi Stone Cold,

Thanks for your comments. Trading football is different as things happen a lot more slowly so I can not take advantage of the edge I have on in-running racing.

With football I trade the under 2.5 goals mostly and tend to back the unders and lay off for a profit after a period of time depending on the way prices have moved.

I do trade cricket on ocassions but I always give preference to my in-running horse racing as this is where I can make most money.

Ray