Sunday I was working again and got home in time to lay 1-2 in the Liverpool / Blackpool game as the commentary on the radio in the car suggested there was no way the Tangerines were going to hold on!! Not the best of starts to the day's trading. My mood was significantly brightened by Chelsea beating Arsenal and although I didn't trade the game I had been sorely tempted to do a scorecast on 2-0 Drogba - but didn't! I then lost money on the Inter v Juve game, made it back on Rennes v Toulouse and again made a small but welcome profit.
Onto tonight, and a fraught session trading the rather unpromising encounter between Tours and Metz. The game was dire for large periods (it was on betfair TV) with Metz parking the bus after taking a surpirse early lead. They doubled their lead after about 60 minutes, and Tours almost immediately pulled it back to 1-2. I was ahead now no matter what, as by way of a change I'd backed all scores to 2-1 1-2 at the off and took progressive cover on by laying U3.5 as the odds dropped. The early Metz goal allowed me to back to lay stake on U3.5 and then take my cover back out as the price dropped. This is an excellent technique, especially if you're reasonably confident that another goal is not imminent, as it allows insurance to be taken at a reduced price. The match finished 2-2 and I cleared over £30. Great!
BUT I then spent £27 on a dripped lay of the draw in the Valladolid v Albacete match. Valla were massive pre-match favourites and went behind at about 60 minutes. The equaliser came in short order, and in my opinion the decision to lay the draw was a valid one. The problem with 'dripping' lays in £5 at a time, although you are laying odds-on prices, is that it becomes mentally very difficult not to let it run (or at least it is for me - even now with my new discipline!!) because you are convinced by the validity of your decision. So a fat £3 profit for two hours 'work'!
To save breaking the bank progress down into each day here's the spreadsheet!
3 Day's Profit: £24.49
Bank to carry forward: £286.01
hello, ive just started my blog psoting my thoughts on trading etc, and i have added a link to your blog. please add mine also?
ReplyDeletelink: http://greeneyedtrader.wordpress.com/
thanks a lot
Good luck with your disciplined trading - look forward to reading your posts!
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