Wednesday, 11 June 2008

Daily Result: £5.69

Well now that my internet seems to have settled down I will hopefully be able to start trading again now as it was fine for the races I did today, (getting 1.4meg as well which is a plus for what I'm used to), still very slow for most but it's amazing for my line.
Trading wise the day went fine with only 1 race which lost me money and that race I could of made a profit but I was slow on the trigger and by the time I placed my back bet the odds had fallen again so instead of a 50p profit I had a 50p loss but in the 11 races I did trade I got £5.69 so thats around 50p a race profit so although it's a very small amount it is allowing my bank to build up nicely.
Hopefully will get to trade most of the day tomorrow.

Sunday, 8 June 2008

Daily Result: £3.79

Well I changed over ISP's on Friday and the router they give you is shocking compared to the Belkin 7633 that I have and the o2 router was basically syncing at 0.3meg giving me a download speed of 0.2meg and leaving the noise m
argin at a stupidly high 19-20 (where as 6 before was very stable for me). eventually I've managed to get all the details I needed to use my Belkin router which has allowed me to manually bring down the noise margin from 19-20 to around 10 and allowed me to sync at around 1.3meg (although download speeds are around 0.2-0.5meg because the sync speed is much higher I should eventually get back to 1meg) which if I hadn't been able to change the SNR manually I would of been at .3 speed max. I did manage to place a few bets yesterday and made £50 using matched betting by laying a free bet I was given (after placing a £50 bet and laying that off as well) but as it was not trading I'm not including it. today I managed to make a small profit by using the bookmaking option in BetAngel on the Golf again (although I did stop after a short while as the refresh rates were poor due to my rubbish download speeds and so I didn't want to get caught out) what I did notice was that players can make big comebacks from stupidly high odds for instance I layed 1 player for 20p for odds of 990 so my liability was £197+ (well it wasn't as it was layed off elsewhere) but instead of laying that 20p off now I think I will just let it go for a while as the player made a comeback and his odds fell all the way back down to 3 so I could off layed off that profit for £100 instead of making just 20p (although TBH I would of prob laid off when it fell to 10ish but that still would of been around £20 profit). still hopefully I will be back up to full speed soon and able to trade and all in all I'm happy with the £3.79 profit as it again more than covers the BetAngel costs for the day.

Thursday, 5 June 2008

shocking start....good finish

Daily Result: £12.79

For the 2nd day running I had a shockingly bad start after the first 3 races I was down over £2 which I got back in the 4th race of the day for a £2 profit, from then on I didn't have anymore losing trades for some reason it just seems to be the first couple of races.
Overall I managed to trade in 21 races (so pretty much a full race card), 2 of them were loses and the other 19 being profitable ones....although my daily profit looks a lot better thanks to the last 2 races where I got nearly £6 from them which was about 90% of the previous 19 races total profit, with the 2nd from last race being my biggest profit from a single race since starting this with a fine £4.73, this is also my best day profits wise trading on the horses, I trade much better than this every day though and like I said without the last 2 races I traded I would of had a very average day at best (considering how many races I did), anyway I'm actually enjoying making money from trading on the markets no matter how small and now that my bank is growing it is allowing me more money to back and lay and so make more profit which can only be a good thing.

Wednesday, 4 June 2008

Doubled my starting bank!!!!!!!

Daily Result: £5.62

Well today was the day...... I've now doubled my starting bank of £150 and turned it into £300+ and in that time I've yet to have 1 losing day.
Trading wise with the extra money I got off to a shocking start losing 73p in the first race and then £1.40 in the 2nd leaving me over £2 down after 2 races so for the first time since the start I was beginning to question whether I could act
ually do this on a bigger bank, well in the 3rd race I traded it all clicked into place and I made £2.16 which just covered my 2 losing races from then on I made constant profits of around £1 a race which with my bigger bank will be the amount I will be aiming for.
Refresh wise both BetAngel and Betfair were OK for most of the time and only spiked once or twice a minute so was probably better than it has been for quite a while, lately I've not been doing many races because of the poor refresh rates so I'm hoping that I will o
nce again be able to trade for most of the day (so prob not the best time to be moving ISP from Eclipse to 02 on Friday then but hey Eclipse were beginning to annoy me with there poor speeds), so hopefully tomorrow will be a full or near full trading day for me as when my ISP is changed on Friday the Internet will be off for a few hours and then I have the 10 day while it determines my line speed which normally knocks the Internet off every few hours in those first 10 days so I will no doubt have to trade less to begin with.

Monday, 2 June 2008

Light at the end of the tunnel?

Daily Result: £6.09

Well the delay on Betfair was much better today (as in there wasn't as many) although in the end I did only trade on 11 races I did get a healthy profit, in the 11 races I scratched on 2 and won on the other 9 so all in all the trading was good and I got 1/5th of the amount needed to pay BetAngel for another month just today, I'm also under £2 away from doubling my £150 bank that I started with in just 13 trading days (around 3 weeks overall).

I was going to purchase BetAngel for a year for £200 as that would save me around £13 a month on the current price but with £200 I'm currently making around 30p a race so after 44 races I will have made back that extra cost because it allows me to lay for more money.

Sunday, 1 June 2008

Daily Result: £10.31

Well I don't normally trade on a Sunday so decided to try a bit of the old bookmaking option in the Golf after last weeks success and have to say it went quite well again today even with the 3seconds or so delays (not including the 5second in play delay) I managed to come away with £10.31 profit for 5Min's or so work.
I will definitely look into this option more as I was wary of using it before as I lost £15 in one of the horse races because of a withdraw but in the Golf and TV shows etc I should be OK.

still no end in sight.....result for Sat

Daily Result: £37.94

Well still the problem with Betfair and the slow response rates/times is happening which is really hindering my trading on the horses, I was told that Britain's got talent finished tonight and the market was in play and regularly going over 100% on the lay side which meant I could lay the whole market for a profit across the board (just like I did the Golf last week) so I was laying that a few times yesterday and ended up £35 across the board (with some in the £100's and half the market in the £1000's), although when it got close to the result the times got stupidly slow (over 11 seconds to place a bet) so decided to quit while I was ahead.
very happy with this bookmaking option though as it seems to work very well with in play events that don't change odds by a big amounts in the space of a few seconds (like horse racing) and most of the time all the selections will get matched almost right away and because a lot of the time the profit is 2%ish if there is 1 selection in the market I am waiting for (and the market is going against me) I can easily just move the odds to get matched and still get a profit (obviously less of one though).
very happy overall though that I've almost doubled my bank in the 11 days that I've traded, hopefully get to £150 and so doubled my bank by this time next week.