Sunday 20th February
Opening Balance: £17.39
Football: After another couple of losses on the football at a size I hoped to grow the account with, I decided that my approach needed refining so have scaled back to smaller bets. If you ignore the Duisburg and Paderborn bets, then my football bets are slightly up. Indeed, if I had done those games with my revised system, my results would be suitably positive (about 20-30p up when risking 10p per bet). Anyway, let's see how things go over the next 7 days.
Horses: Very few races that I considered interesting in terms of my approach so ended up not playing. Due to the nature of horse betting (it's difficult to filter out races at a glance using the software that I have to hand, there aren't that many opportunities, I cannot monitor the outcome of the races very easily and the more screens I open, the laggier my computer becomes), I might stick to Football.
Horse Racing / MrktR 20th Feb : To Be Placed -0.03
Horse Racing / Ascot 19th Feb : To Be Placed 0.00
Horse Racing / Kenil (RSA) 19th Feb : To Be Placed 0.00
Football / Fulham v Bolton : Match Odds 0.11
Football / FSV Frankfurt v Karlsruhe : Match Odds 0.09
Football / West Brom v Wolves : Match Odds -0.10
Football / ADO Den Haag v Feyenoord : Match Odds -0.10
Football / Valladolid v Betis : Match Odds 0.06
Football / Portimonense v Olhanense : Match Odds -0.10
Football / Heerenveen v AZ Alkmaar : Match Odds 0.06
Football / Brest v Monaco : Match Odds 0.05
Football / Man Utd v Crawley Town : Match Odds 0.00
Football / Dortmund v St Pauli : Match Odds 0.00
Football / Duisburg v Union Berlin : Match Odds -0.50
Football / Paderborn v Aachen : Match Odds -0.27
Total P&L: -£0.73
Current Balance: £16.66
Sunday 27th February
Opening Balance: £16.66
I won't bore you with the precise details of each bet as I've taken about 40-50 bets this week.
Football: As stated above, am considering not bothering to trade outrights as I just seem to get unlucky (5 losers out of 6 when it's a 60% chance of me winning?) or I might only bet the matches people are talking about. (Remember: I'm using a betting exchange so please don't reply with "only the bookies win in the end". Besides, I lost 63p this week. I don't think anyone would take my gambling problem seriously. )
As for scalping, it's quite funny to see a market you're trading where most people are betting £1-2k then some Johnny Big Balls drops £20k on the ladder.
Horses: Given up with them as it's far too much work sifting through hundreds of races finding one or two that provide opportunity.
Summary of profit/loss:
Horse Racing: -£0.11 | Soccer: -£0.48 Total P&L: -£0.59
Actually, I thought I'd done a lot worse. Today's scalps made some of it back as did the fluke bet on Birmingham.
Total P&L: -£0.59
Current Balance: 16.07
Sunday 6th March
Opening Balance: £16.07
The update you've all been waiting for... I've been seriously hitting Betfair. 143 settled bets. 290 cancelled bets. I've been really busy. Doing Japanese games, Greek games, German games, Italian games, even English games. So, how have I done? PROFIT! Trading the markets rather than betting as such, hence the high number of bets.
Basically, doing this kind of thing:
Total P&L: £1.87
Current Balance: £17.94
Sunday 13th March
Opening Balance: £17.94
34 games, 252 bets, 650 cancelled bets. I wouldn't say I've been busy because I just click twice to open a trade and the computer closes the trade or I click once to close an order or move an order to a different price level. Yesterday was largely a waste of a day since the server crashed but I didn't lose anything apart from time waiting for it to be fixed. Would maybe have seen £4-5 profit. And I lost a little bit today as I nodded off mid-trade but overall made profit this week.
Total P&L: £6.34
Current Balance: £24.28
Sunday 20th March
Opening Balance: £24.28
Well, having considered how far I would be from winning at my pace last week, I decided to step things up and take a risk or two... sadly, with big reward comes big risk... I was trading games with more potential profit and risking a bigger chunk of the challenge money... and I wasn't doing badly initially; about £5-10 a day profit but got stung a couple of times. Oops.
Total P&L: -£17.59
Current Balance: £6.69
Sunday 27th March
Opening Balance: £6.69
Well, I scaled back slightly as I didn't have enough available to trade at my normal size but I avoided high risk games ie scalping the weaker team so less profit for two reasons. Additionally, this week/weekend was quiet as there were a lot of international games throughout the week thus fewer big teams playing eg no Premiership games so one game replaced several games which meant far less opportunities.
Total P&L: £5.72
Current Balance: £12.41
Sunday 3rd April
Opening Balance: £12.41
A smaller profit this week. Should have been more but I made a slight loss from one trade because I was pushing my luck and was testing an idea on another trade that also resulted in loss. Otherwise, I'd have been up about £10 this week.
Total P&L: £3.63
Current Balance: £16.04