Wednesday, 19 May 2010

Back and blogging

Well folks, after what appears to be an age away from the scene, I've decided to make a return to the whole betfair / blogging / making a bit of cash as I go merry-go-round.

For those who started to follow this blog from the start, my initial aim was to start with a bank of £20 and see whether I could trade that up into something more sizable over a period of time.

Within a week or so of the start I soon found out about the many pitfalls of trading horses and greyhounds, and that such a small bank was not really going to get me anywhere - although thankfully a prudent move in the early stages ensured my shirt remained in tact on my back.

I soon started to deviate away from the nags and mutts, and picked up on Tennis and Football.

Looking at the under/over 2.5 goals market I embarked on a strategy where I would back over 2.5 goals if it was 0-0 at a set point in time, then when the goals flew in I would trade out for a profit.

This was a reasonable approach, and some profits were had. Then I got bored and stopped.

Fortunately my £20 was by then still in one piece. Over the past months I've been looking at various other angles, and the original £20 is now just under £40. Ok so it's taken me all that time to double my cash, but remembering the fundamental principles profit is after all profit.

So after my break where do I start - answers on a postcard please!

Monday, 17 May 2010

Test Blog from mobile device

Hope this works - fingers crossed now.

Watch this space for the re-activation of the blog.

Wednesday, 9 September 2009

Hate International Weeks...

Just when I was getting into the swing of trying out my new strategy, bang, along comes those awful international breaks - so frustrating.

Anyway, with a little dabble on some available Scandinavian markets the last few days have been as follows;

4th Sept - No trading
5th Sept - £1.48p
6th Sept - No trading
7th Sept - £0.09p
8th Sept - £0.34p


Thursday, 3 September 2009

Doesn't Time Fly...

Can't believe that a week has gone by since my last post.

I've still been concentrating wholly on the Under / Over 2.5 goals market, with minimal stakes.

There have been mixed results, and one thing I have learned is to ensure enough liquidity is in the market. Also, it is not always good to just plough in on all available matches.

Results were;

28th Aug : £0.90p
29th Aug : -£1.80p
30th Aug : -£1.40p
31st Aug : Day Off
1st Sept : £0.85p
2nd Sept : £0.49p
3rd Sept : -£1.45p

Til next time...

Thursday, 27 August 2009

Change of Direction...

Is what is definitely needed at this point. As a leisure only trader, the opportunities to pre-race trade the nags are disappearing with the end of summer and evening racing. I must confess I'm not going to miss it. Whilst it's been an education, the cut throat scalping is probably best left to those with big banks and balls to match.

Greyhounds I find even more unpredictable, so where now. Tennis has the liquidity, and there are good strategies out there to accommodate the swing in odds that do occur in most matches. The only hesitation I've had so far, is the ability to keep up with play thus not missing the trade. Despite many advising on which live score sites to use, I've yet to find one that is capable of providing a decent update speed.

For now I think I will stick to Football, and in particular the Under / Over 2.5 goals market. In fact that's what I've been up to over the past few days. Daily profit / loss figures as follows;

25th Aug - £0.58p
26th Aug - -£1.64p
27th Aug - £1.83p

Not a bad start. Still feeling my way with £1-£2 bets with various strategies. Only time will tell.

Catch you all later.

Tuesday, 25 August 2009

It's a Funny Old Game...

No evening racing last night, well let's face it that's going to be the case a lot more soon, so decided to have a look around the In play football matches.

Yes, there was the Liverpool v Villa game, and the Norwich v Sunderland matches, but it was still early doors, and wanted to trade on something before these games kicked off.

The Danish league had Odense v Randers starting at 6pm. Decided to investigate the Under / Over 2.5 goals market. For once I did some homework, and headed off to which I find is a good source of stats, especially for Unders and Overs. Well things looked promising. Both teams had been in high scoring matches recently so I opted to back Over 2.5 goals at 1.67 for a £1. I was going to use my standard £2 trade, but just wanted to test the water with this hence the £1.

At half time it was 0-0. So much for my homework. I double checked the stats again, and they indicated that most of the goals had been scored in the second half of a game. With this in mind I backed Over 2.5 goals again for another £1, this time at odds of 3.85 - so I am now trading at my usual £2 level, but have staggered my entry points.

Good news - second half kicked off, and "GOAL" almost instantly. Odds once settled were hovering around 1.98 - 2.02. The green hedge figure was showing 0.68p, so I hedged up for profit.

The game finished 1-0, glad I got out when I did - no sign of the goalfest that I predicted pre-match. Nice little profit in the end, but also made me think more about backing strategies, and that sometimes by backing in stages may be more beneficial.

Sunday, 23 August 2009

A Little Dabble...

Is all it has been for me over the past 3 days. No real quality time to trade - hence no blog posting either.

From the small amount of trading that I did undertake, I can confirm that not one market went into the red - I appear to be learning to read the signs, and judge my entry points a little better, as opposed to randomly charging in.

Profits as follows;

Football = 48p

Horse Racing = 37p

Will aim for more trading next week.