Thursday 6th September 2007

The Sports Trader had a very slow day today and only traded on 7 horse races and 1 football match but with no losing trades.

My day got underway with 5 small winning trades. In the 16:40 at Salisbury I backed Tranquil Tiger for £50 @ 2.00 before laying off @ 1.60 to result in a profit of £20. I followed this with another small winning trade.

That was the end of my race trading and it had produced a profit of £48.

In the evening I had a small trade on the Stafford Rangers v Halifax football match where I backed Halifax for £125 @ 1.13 during injury time to produce a profit of £14.

My day had finished with a profit of £62.

Comments

[Elaine Cullum]

I'm not much good at trading, but fail to comprehend the method in the last race of Sept 7th. where..."I laid "I Have Dreamed" for £15 @ 5.3 before greening up by backing £3 @ 8.5 giving a profit of £12.

I don't understand how this "greens up" anything. If the horse lost then the £12 profit would have been made, but if the horse won, a considerable loss would have been made.

I thought that "greening up" was when a profit was made whatever the outcome?

Elaine
Brixham
Devon

[Ray]

Hi Elaine,

Thanks for your comments. You are right I used the wrong term as I should have said backed back £3 @ 8.50, sorry.

Ray