Thursday, 14 May 2009

May Result: £485.75 (so far)

A cracking start to my matched betting for the first part of this month a total profit of £485.75 with just around £10 of it coming from trading as I've not had the time.
Again I've added a screen shot although I doubt I will bother from now on as with the matched betting it doesn't give a true pic of whats happening, as I pointed out in my last post with regards to the Premiership Winners Market, I'm now almost £400 up on that (although this will eventually end up around £120 overall when all the teams are ruled out and all the bets are settled)
The great thing about all these matched betting winners is that my profits on Betfair are taking a big big hit and now my total charges % for Betfair is a huge 48.72% overall now so I'm well away from being close to getting hit by the Betfair Premium Charge for now.

Saturday, 2 May 2009

April Result: £506.73

Well as reported in previous post I've not had much chance to trade recently and so have concentrated almost fully on matched betting instead and have made a very good profit from this and because of the profit from this I've decided to rightly concentrate on this in my spare time. I've included a print screen on the month but it doesn't show the true story at all, all the loses on the Horses are due to matched betting and £50 of the Greyhound profit is from matched betting as well.
Still even without trading much I've managed 95.36 profit from trading with most of this coming from F1 although the 2nd and 3rd race I did were very disappointing and not many chances for me, although it says I've only made £11.90 this month I'm actually much higher than that as I've been playing with the premiership winners market all season and when a club is unable to mathematically win the title they then settle all bets on that team and as such I a
m -£40.75 on the Prem winners market for the month but with the way it works that money goes onto the teams left and so that money will be coming back to me when teams can no longer win it, for instance after today Arsenal will probably be officially be out of the title race this weekend and as such I have layed them for £2043 and backed them for £1553 so when that happens again it will have me up by a big amount but overall because of the way they payout as I've mentioned above this is not the case as both Liverpool and Chelsea I have backed for more than what I've layed so then when they are ruled out it will show I've lost money from those 2 when this is not the case.
Around £400 though from matched betting this month is a great result which I'm very happy with especially as my stakes are very small not only that but it is helping me keep my premium charge 'allowance' on Betfair as currently my Total Charges % is now at 36.77% which is perfect for me (before just trading it was around 6%) so as long as it stays around 20% I am more than happy as nothing will come off my allowance.
Due to the matched betting this is also my best month profit wise so very happy with that, hopefully if I don't get gubbed I will be able to improve on that.

March Result: £93.36

Well again I've not had much chance to do an update on the blog and not had the chance to do much trading either so just a quick update on the profit and loss since then, although the print screen will say I have made more money that it says above this is not really the case as the extra money is from matched betting.