P/L since last blog: £12.34
Monthly P/L: £196.41
OK. After my last blog entry I felt like a real idiot. Nearly wiping out my entire trading profit in one game. I know it taught me a lesson but I'd still rather have the profit!
I got back into trading on the following Tuesday night with the televised Man Utd - Lille game, but again nothing was going my way. I got out shortly after half time and had my fingers crossed for a 0-0. But Giggs' controversial free kick put an end to that idea. Still hoping Lille's appeal against it is held up to see if I can get a refund from Betfair!
This was the first time I'd lost money on back to back games and I was feeling very pessimistic about my trading future. I always said that if my profit drops back down to break even point I'll get out -something obviously wouldn't be working and I'm not stupid enough to risk my own money.
I sat out the weekend's games because of the distraction of the six nations and the fact I wasn't feeling too well.
So mentally I was preparing tonights Reading - Man Utd game (the replay of the game where I made my mistakes) to be my last game. It was televised and so depending on the way the game looked I was ready to ride on the 0-0 until the odds dropped to my overall break even point before getting out and writing my last blog entry on this page.
But before the majority of fans at the Madejski had taken their seat Man Utd were one nil up and I was looking at a profit. I wasn't going to make the same mistake as before and prepared to trade out for a small profit. As I was working out how to maximise this they added a second and was relieved that I hadn't got round to submitting my bet. And then it happened again! The 'Suspended' watermark had barely been removed when they banged in a third and I was looking at a guaranteed £40 profit. I traded out and am currently feeling very happy.
The win barely starts to make a dent on the red figure for the month but shows that I can still win money on games. I won't be about to trade any games tomorrow so February ends on a high despite nearly 200 quid loss for the month. Overall profit for the year is currently standing at around the 120 pound mark, and my goal for March is to clean up the mess made this month.
Tuesday 27 February 2007
Saturday 17 February 2007
Bad losses
P/L since last blog: £200.58
Monthly P/L: £208.75
This weekend was meant to be fantastic for trading, with three televised FA Cup games and Chelsea playing a Championship side. and everything was going great at halfways through the Man Utd-Reading match.
Up until this point Arsenal had drawn with Blackburn, which had lost me money but fortunately I had covered 0-0 so the loss was minimal. The Chelsea game went my way, with them scoring in the first half securing a profit. I waited until the second goal went in before trading out for a win which put me back in profit for the month.
Then came the Man Utd - Reading game. With Man Utd taking the lead at the end of the first half I was ready to trade out for another profit, and leave myself at about fifty quid up for the month. However I was greedy. The odds didn't seem to be moving in my favour much, and I decided to wait for their inevitable second goal to make myself a very nice profit. When Reading scored I was gutted, but with Man Utd ever threatening I assumed that they would grab the winner. It never came, and before I knew it the final whistle had blown without me betting back on the draw. A huge loss and all because I was greedy.
A valuable lesson learnt, and this loss has set me back about a months worth of trading. I wouldn't have minded so much if had come in a boring 0-0 but with a chance to leave for a profit earlier in the game I can't help feeling very stupid.
But as they say 'Every cloud has a silver lining', and I've got some replays to look forward to to claim some money back! Still over £100 in profit for the year, but should be much more.
Muppet
Monthly P/L: £208.75
This weekend was meant to be fantastic for trading, with three televised FA Cup games and Chelsea playing a Championship side. and everything was going great at halfways through the Man Utd-Reading match.
Up until this point Arsenal had drawn with Blackburn, which had lost me money but fortunately I had covered 0-0 so the loss was minimal. The Chelsea game went my way, with them scoring in the first half securing a profit. I waited until the second goal went in before trading out for a win which put me back in profit for the month.
Then came the Man Utd - Reading game. With Man Utd taking the lead at the end of the first half I was ready to trade out for another profit, and leave myself at about fifty quid up for the month. However I was greedy. The odds didn't seem to be moving in my favour much, and I decided to wait for their inevitable second goal to make myself a very nice profit. When Reading scored I was gutted, but with Man Utd ever threatening I assumed that they would grab the winner. It never came, and before I knew it the final whistle had blown without me betting back on the draw. A huge loss and all because I was greedy.
A valuable lesson learnt, and this loss has set me back about a months worth of trading. I wouldn't have minded so much if had come in a boring 0-0 but with a chance to leave for a profit earlier in the game I can't help feeling very stupid.
But as they say 'Every cloud has a silver lining', and I've got some replays to look forward to to claim some money back! Still over £100 in profit for the year, but should be much more.
Muppet
Thursday 15 February 2007
Euro Victory
P/L since last blog: £39.49
Monthly P/L: £8.17
With there being no European matches in January, I decided to use tonights Zulte-Waregem - Newcastle game as my first venture into Europe. It was shown on Channel 5 and when the first half ended 0-0 I could see another loss on the cards trading wise, despite Newcastle being the by far the better team.
Fortunately an early own goal by the Belgians put me into an all green position but I decided to wait a bit and try to maximise my profits from the game. With the odds on a draw starting to level out I took my eye off the game to bet back on the draw. The minute I submitted my bet Newcastle were awarded a penalty and all betting was suspended before my bet could be matched. Once Martins had knocked it in I traded out straight away for a brilliant profit, which virtually cancels out Saturdays loss, and sets me up for a hopefully very profitable FA Cup weekend.
Monthly P/L: £8.17
With there being no European matches in January, I decided to use tonights Zulte-Waregem - Newcastle game as my first venture into Europe. It was shown on Channel 5 and when the first half ended 0-0 I could see another loss on the cards trading wise, despite Newcastle being the by far the better team.
Fortunately an early own goal by the Belgians put me into an all green position but I decided to wait a bit and try to maximise my profits from the game. With the odds on a draw starting to level out I took my eye off the game to bet back on the draw. The minute I submitted my bet Newcastle were awarded a penalty and all betting was suspended before my bet could be matched. Once Martins had knocked it in I traded out straight away for a brilliant profit, which virtually cancels out Saturdays loss, and sets me up for a hopefully very profitable FA Cup weekend.
Sunday 11 February 2007
Bad Start to February
P/L since last blog: £47.66
Monthly P/L: £47.66
After not trading last weekend because I was away I was planning on trading the midweek international friendlies, but for various reasons didn't in the end. On reflection this was a good choice. The previous weekend had very few early goals (Liverpool-Everton ended 0-0 and the Arsenal match had late scorers, but Manchester Utd match on Sunday would've worked out well for me) and the two Tuesday games that I had my eye on (Wales-Ireland and Brazil-Portugal) would have also dented my bank (I wouldn't have traded Wednesday anyway as wanted to enjoy the England match - although after the way we played I may as well have traded!).
I had planned on trading on the usual suspects on yesterday which would've given me a good start to February with Man Utd, Chelsea and Liverpool all going a goal ahead before half time. However after heavy night on Friday and the distraction of the six nations I didn't trade on any of them.
So my first trade of February came in today's Arsenal-Wigan match and proved disastrous. Arsenal seemed to have a host of chances but couldn't convert anything and then Heskey knocked one in for Wigan. With the odds on a draw plummeting I waited until just after half time before leaving with a heavy loss. The game is still in play as I write this, so I don't know whether I've made the right decision or not. There doesn't seem to be too many good games this week, apart from the FA cup midweek replays, but both of these could go the wrong way on current form.
Next weekend the FA Cup fifth round starts with a number of televised games, and so this should give me an opportunity to claw back from a bad start to the month and put myself back in the green.
Monthly P/L: £47.66
After not trading last weekend because I was away I was planning on trading the midweek international friendlies, but for various reasons didn't in the end. On reflection this was a good choice. The previous weekend had very few early goals (Liverpool-Everton ended 0-0 and the Arsenal match had late scorers, but Manchester Utd match on Sunday would've worked out well for me) and the two Tuesday games that I had my eye on (Wales-Ireland and Brazil-Portugal) would have also dented my bank (I wouldn't have traded Wednesday anyway as wanted to enjoy the England match - although after the way we played I may as well have traded!).
I had planned on trading on the usual suspects on yesterday which would've given me a good start to February with Man Utd, Chelsea and Liverpool all going a goal ahead before half time. However after heavy night on Friday and the distraction of the six nations I didn't trade on any of them.
So my first trade of February came in today's Arsenal-Wigan match and proved disastrous. Arsenal seemed to have a host of chances but couldn't convert anything and then Heskey knocked one in for Wigan. With the odds on a draw plummeting I waited until just after half time before leaving with a heavy loss. The game is still in play as I write this, so I don't know whether I've made the right decision or not. There doesn't seem to be too many good games this week, apart from the FA cup midweek replays, but both of these could go the wrong way on current form.
Next weekend the FA Cup fifth round starts with a number of televised games, and so this should give me an opportunity to claw back from a bad start to the month and put myself back in the green.
Subscribe to:
Posts (Atom)