Saturday 2nd June 2007

The Sports Trader had a reasonable day after trading on 23 horse races and 1 football match. I was pleased to see Frankie win the only British Classic that had eluded him by winning The Vodafone Derby on Authorised, even if it was the worst result of my day.

My first trade of the day was in the 14:35 at Folkestone where I laid Gloved Hand for £11 @ 10.00 to result in a profit of £11. I followed up with 2 small winning trades.

The first of only two losses on the day came in the 15:10 at Hexham where I laid Super Revo for £8 @ 9.00 when making a mistake at the 12th fence, I did have plenty of opportunity to back back but thought I would be ok hanging on to the lay. I was wrong, and I lost £64. I followed this with 4 more small winning trades.

In the 15:55 at Mussleburgh I laid Quarrymaster for £12 @ 7.90 to result on a profit of £12. Next in the 16:00 at Worcester I backed Risk Accessor for £10 @ 2.00 to give me a profit of £10.

Then came The Derby. I looked at the stats for this race, and then I took on board the facts that Frankie had not won this race in his 14 previous attempts, along with the price on Authorized, which was bigger than predicted. I then watched the race and thought Frankie had left his horse too much to do so I laid him for £72 @ 2.86 when in 9th place only to see Frankie say go and in no time he was leading the field and went on for a well deserved victory, that cost me £135.

In the 16:30 at Hexham I laid Sir Alf for £110 @ 3.29 and then went on to back him for £22 @ 4.00, £12 @ 5.00 and £16 @ 6.00 to result in a profit of £60. My next 5 trades all resulted in small profits.

The best result of my day came next, in the 17:10 at Tramore, where I laid Jawad for £66 @ 2.10. I backed back £25 @ 2.40 and then later in the final furlong I laid him for a further £67 @ 6.00 to result in a profit of £108. I finished my racing day with a further 5 small winning trades.

My race trading had finished with a profit of £58.

After the racing I watched the final 30 minutes of the France v Ukraine Euro 2008 Qualifying football match. With the score at 1 - 0, I backed the under 2.5 goals market for £315 @ 1.33. I  laid off £115 @ 1.29 and £155 @ 1.21. The second goal came in the 70th minute and I once again backed the unders for £105 @ 1.95. I laid off £150 @ 1.75 to leave me with no liability on the overs. Next I backed the unders for 322 @ 1.37 which I laid off @ 1.24 and finally with the whistle in the refs mouth ready for the final blast I backed the unders for £386 @ 1.03 to result in a profit on the match of £40.

My day had finished with a profit of £98.

Comments

[Steve]

Very interesting reading your blog.

I have read a bit about sports arbitah
ge betting, and trade forex and options myself, so I do understand some of the principles behind what you are doing.

But, a couple of questions.

With all the bets that you are placing, it seems like a lot of hard work. Is that the case, or maybe it just seems that way?

Second, obviously, you are in the UK where there are lots of race meets and so on. Would someone like myself based in Asia (with big time zone differences) be at a major disadvantage?

Look forward to hearing your comments,

Steve

[Ray]

Hi Steve,

I am pleased you find my blog interesting. I wouldn't say it is hard work but you have to be totally committed to it and spend quite long hours concentrating on the markets. I normally spend 9/10 hours a day trading.

The only real disadvantage you could have is when pictures are on live terrestrial TV in the UK. When this happens, which is mostly on Saturday's and at any of the big meetings, you will find it difficult to trade in-running using a satelite broadcast.

I wish you the best of luck with your trading and look forward to hearing how you get on.

Ray