Tuesday, September 29, 2009

The Need to Diversify

We are now reaching the time of year when Horse Racing trading opportunities start to diminish. It is a fact of life for my part-time trading. It is a shame as my horse race trading has now reached a consistent standard that I am fairly happy with. I now firmly believe and know I can/will make a profit in the long run so any losses are taken in my stride.

So with the limited races for me to trade I am planning to use the winter to expand my repertoire of sports I can trade. I am planning to look at goals and correct score markets in football. This interest is partly sparked by the 100K challenge. I have looked at their results and I have started to dip my toe into the water. Tonight was one example I layed under 1.5 goals at 1.19 and then greened up after the first goal. There are always plenty of late goals in the champions league.

Sports I plan to look at
American Football

Hopefully I can work out a successful strategy for at least one of these.

Sorry for the lack of updates but I didn't have much to say in the last 2 weeks. I did wonder if it is worth continuing the blog. However for the time being I will continue but the updates may be more infrequent.

Sunday, September 13, 2009

Gridiron is Back

I am glad to see that the NFL season has started again. I had just started to profit from these markets at the end of last season. So I am hoping that this can be a profitable campaign.

As you can see from the shot I am in a no lose situation in the Giants v Redskins game at halftime. I could let the big green on the Redskins run. However I think I will close out and go to bed now.

Saturday, September 5, 2009

Final Over

I had a great time watching the Cricket last night. I did also try a few trades to make a small profit of £3. However I still am trying to learn more about these markets. Australia looked to have the game sewn up with 6 overs to go but England kept hitting enough boundaries just to give themselves a chnace of winning. Subsequently the Aussies price kept coming in and out. In this time it traded from 1.01 out to 1.3. Which if you caught even part of this would be very profitable. It is often worth a lay at 1.01 because if you can lay £100 @ 1.01 you only need to back £50 @ 1.02 to have a £50 free bet. The only thing with this strategy is you need to be prepared to take a few losses for a big win.

The Video is of how the odds moved in the last over. I recorded it just so I could see how the odds move (it might not be the most interesting video). It is noticeable how much the Aussie price moves out when England score a boundary.