Tuesday 30th October 2007

A good days trading for the Sports Trader with no losing trades after trading on 8 UK horse races and 1 football match.

My day started with the 13:25 at Punchestown where I backed Ah Ya Boy Ya for £40 @ 1.88 to result in a Profit of £35.

Next was the 13:55 also at Punchestown and here I backed Narquois for £60 @ 1.50 before laying off @ 1.08 to produce a profit of £25. I followed this with 2 small but profitable trades.

In the 14:40 at Yarmouth I laid Al Rayanah for £100 @ 4.20 to result in a profit of £100.

The best result of my day came in the 14:50 at Wolverhampton where I laid What's for Tea for £142 @ 2.00 to give me another £142 profit. I followed this with 2 more small winning trades.

My horse race trading had produced a profit of £315.

In the evening I decided to trade on the Coventry v West Ham football match. Well I made a real mess as I tried out a new, and not well thought out, trading strategy. With the score sitting at 0 -0, I backed no more goals for £33 @ 2.50 whilst off-setting this with a lay of the draw for £33 @ 2.04. Soon after Coventry scored and I decided to back them for £100 @ 1.45 with the idea of laying off within a few minutes. Well West Ham scored and now I am in a real mess with losses on the no goals market and now mounting losses on the match result market.

I had been doing my normal trading on the under 2.5 goals market and had in-fact at this stage of the game got a potential profit of £150 on  under 2.5 goals with no liability on the overs. In goes the winner for West Ham and now not only have I got 2  losses but I have also lost my potential profit on the unders. But, not to worry there are still 2 of the three minutes of injury time left. Then someone sticks up £5555 @ 1.03 trying to lay West Ham, I wait until only 15 seconds are left on the clock and the West Ham goal keeper has the ball and take the whole amount and back West Ham for £5555 @ 1.03. I then put up a lay of West Ham for £5555 @ 1.01 and this results in a profit on the match result of £50 which covers my losses on the no goals market and leaves me with a £17 profit on the match. Next time I will stick to the under 2.5 goals market.

My day had finished with a profit of £332.