Inplay tactics

Just a quick post to show a inplay tactic that can pay off if you chose your races carefully. You also need to watch the race and cancel the bets if it doesn't look like working. You should be able to see that I lay the field at 1.51. Therefore if there is a close finish hopefully at least 2 bets will get matched and you can make an profit. It worked in this example but it doesn't always. You have to remember that some punters probably have faster pictures, although sometimes this tactic takes advantage of this.

Small Stakes

Just been reading a few posts on using small stakes Peter Webb's on ten pound trader and Leon the fixers on tradeathon. So inspired by this or jumping on the bandwagon whichever way you look at it. I switched all my money to the aussie wallet except ten quid and traded the last 2 races at Kempton tonight. Now I did cheat a bit as I was using my full £10 to back each time to ensure maximum return. If you are starting off I would recommend you use stakes that you can back or lay with. However with my experience I thought I could probably just look to back and get out quickly if the market went against me. The only problem with this was the need to red up in the middle of trading a race. Which I did very inefficiently having watched the video back..

So I am very happy with my return of £5.91(59%) after commission. This did include a little bonus on the last when I had greened up for £2.82 profit on most horses however there was a £3.82 green on the eventual winner. Sometimes I struggle to make that amount on two races with a £500 bank!

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
Football
Cricket
Tennis
Golf
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.

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.

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.

Odds On

Many traders really like to trade Odds on favourites. These horses attract nearly all of the money in the race and therefore provide good liquidity. In this race in Ireland the liquidity was not as good as many UK races but I was still able to use £250 stakes to make a decent profit. In the video you can at times see several £250 stakes, I was using these in case of some large orders going in and also to be first in the queue if the horse trades at that price. These types of markets can be very profitable although I think they do take a bit of practice.

Liverpool Price Doubles during one Game

After tonight's disappointing result for Liverpool their price for the title has doubled. Is this a case of the market overreacting or is this a true reflection of the odds of Liverpool winning the title? Personally I think it is an overreaction and expect the price to contract from its current value of 11. One thing that is true is that this kind of unexpected result throws up some trading opportunities. I backed Liverpool with 100 @12 and layed off at 11 within 15 mins of the final whistle.