Saturday 17th November 2007

It was a struggle for the Sports Trader today due to a couple of hefty losses early in the day but I did recover the situation in the evening. I traded on 14 UK horse races, 1 rugby match, 2 football matches and 2 darts matches.

My day started with a small winning trade. In the 12:45 at Punchestown I backed Never Compromise for £214 @ 1.33 to result in a profit of £71.

Then came the 12:55 at Cheltenham where I had laid Kia Kaha for £14 @ 3.75 and then went to lay again for £36 @ 3.80 when the odds changed just as I hit the submit button and I ended up laying @ 5.90. This cost me £214. I followed up with a small winning trade.

In the 13:45 at Wetherby I laid Charming Fellow for £50 @ 3.50 before backing back £48 @ 3.70 and then I managed to lay Super Road Train for £56 @ 4.00 to cost me another £167. I followed this with 2 more small winning trades.

My day then started to get better with the 14:35 Paddy Power Gold Cup at Cheltenham where I had laid Granit Jack for £37 @ 4.50 for a profit of £37. Next was a small winning trade.

In the 15:10 at Cheltenham I backed Sonnyanjoe for £80 @ 2.25 before laying all off @ 1.80 and then backed  him for a further 16 @ 1.50 to result in a profit of £44.

My next trade was again at Cheltenham where I backed Sir Rembrant for £50 @ 2.00 to result in a £50 profit.

In the 15:50 at Uttoxeter I backed Phoudamour for £50 @ 1.60 before laying all off @ 1.15 to result in a profit of £23. My final race trade resulted in a small loss.

My race trading had produced a loss of £154.

In the early evening I traded the final few minutes of the rugby match between Harlequins and Cardiff and managed to back the draw for £500 @ 1.33 to give me a profit of £165.

I watched the Scotland v Italy football match and traded on the under 2.5 goals and by the time the third goal was scored I was all green with a £25 profit on the overs, all be it a score of unders would have given me £50. I also backed the under 3.5 goals for £68 @ 1.04 to give me another £3 on the match.

Later I watched the end of the all important Israel v Russia football match and backed the under 3.5 goals for £300 @ 1.10 before laying off £245 @ 1.04 to return a profit of £20.

In the evenings darts matches I backed Adrian Lewis against Dennis Priestley for £120 @ 1.14 to result in a profit of £17. I then traded the Colin Lloyd v Ronnie Baxter match and produced another profit of £24.

Well that was the end of a real grind of a day where I turned around heavy early losses to a profit of £100.

Comments

[Wizardgold]

Hi Ray

Quick question. I know you don't use software to do your trading so as I am not a Betdaq user at the moment I was wondering if you are getting a quick refresh on the prices. In Betfair on the Betfair web site the prices don't update often enough to be useful for trading purposes.

Next Question
When you are greening up do you just do it so it is more or less right by guessing how much you have to bet to equalise the money or do you not bother to equalise so that like you say about having more money waiting for you if the score had remained under.

Well done for bringing back to profit for the day....

[Ray]

Hi Wiz,

I use an auto refresh on Betdaq from Gruss Software and normally resfresh every second.

Once I have laid off all my liability I look at my potential profit and then take a view on how the match is going, how much time is left in the match and what the prices are at the time, then decide wether to green up fully or partially. I just work the amount to lay off in my head. It gets easy to work out when you have done it a few thousand times.

Good Luck with your trading.

Ray

[Basketball Picks]

Its a great and interesting blog....

[Penny Stocks]

If the product would be the best quality, none can stop to buy it even it is a product of small business trade. Thanks

[xchangeplayer mark]

Have you ever layed 1/5?? Today MAYSON is all the rage, but I think it can be opposed,Miss Mediator who finished a very close 3rd in the race mayson came second, M.M went on to contest a a class 5 md where he got beat, Look at this hot fav running comments-Tracked leaders, headway and close up over 2f out, effort and every chance over 1f out, soon ridden and no extra towards finish, York is a flat track, Ham is a very stiff track, This will be the undoing of this hot hot fav,GLITTER BUG is priced around 44-1- a horse that cost 85000 euros priced at 44-1?? great value.A lot of people are going to get their fat fing burned today!!!! would like to add that Glitter Bug will be suited by todays trip rather than 6f.

[MichaelFrayn]

Really a very good information that will be so helpful.