Tuesday 14th August 2007

The Sports Trader can report a profit for the day but only because of my early morning trading on a tennis match, as today I found horse race trading very difficult and I had one crazy trade at the end of my day. I ended up trading on 8 horse races and 1 tennis match.

The tennis match that I traded on and which finished early this morning was between Dinara Safina and Camille Pin. I started by backing Safina for £500 @ 1.80 in the final set and laid off @ 1.50. I then had several other smaller trades whilst trying to preserve the potential profit that I had made in my first trades. I ended the game with a profit of £193.

My first race trade was in the 15:15 at Newton Abbot where I backed Millards Lad for £70 @ 3.20 before laying off @ 3.00 to result in a profit of £14. My next  6 trades all resulted in small wins.

The final race trade of the day was in the 20:30 at Musselburgh where I laid Mangano for £7 @ 23.00 when seemingly well out of contention, but then what do I know, as the horse duly trotted up to win by a head and cost me £154.

My race trading had therefore ended with a loss of £135.

My day finished with a profit of £58.

Comments

[Ivan]

Great job mate ! I send you email, hope you will answer me,

[Ray]

Hi Ivan,

Thanks, I will reply later, Good Luck today.

Ray

[The Gambler.]

Have noticed you have not been updating your blog. Hope you are keeping well. :-).