Up and Down!

Days P/L = -£1.27

Well, today was another up and down day trading wise. I was down on the racing using Lay The Field, and up on the football after Real Madrid stuffed Malaga 7-0!

I think with the racing, I need to do more research and stick to my list of tracks, one of which is Newbury today. I lost out in a quite a few races, where the fav, or 1 horse skipped clear and wasn't for catching.

I got involved in the 3 Spanish 2nd Div games that I mentioned, and ended up losing on 2 and having a max profit on the other. This still left me staring at a quite big, in relation, loss for the day.

I was just closing my trades for the night, and my mate rang from Devon. We were talking about trading etc, and up and coming games, and he mentioned the fact that Real v Malaga was a nailed on 2.5 in his eyes. He said that Malaga couldn't defend, but were ok going forward, and well, Real's, Real! I invested £30 at prices from 1.4 upto 1.5, and sat back and watched a link online.

It looked like Madrid were going to score on every attack they had! Benzema had a couple disallowed sandwiched between his 1st goal, and when the second goal went in, I took my green for the night, and switched the computer off for the night, taking a small red for the day.

Anyway, off now to pick out the nights football trades

Green Screens All Over The Place!!

Lay The Field P/L = +£26.55

Football Trading P/L = +£5.37

Days P/L= +£31.92

Balance = £110 odd

A cracking days trading to be fair. The lay the field tactic was working wonders at the races I picked, and I had 5 out of 7 green screens! It would have been 5 out of 5, but I got greedy and had a play in the last two races of the night at Kempton (which I knew I should have left alone!).

On with the football, where I had a total of 6 trading matches. I managed to green up for small amounts in most of them, but once again, for the third time in about 2 weeks PSG let me down and the match finished 0-0, even with the 2nd division team Le Mans missing a penalty!

Still a profits a profit, and I happy with that.

Isn't much football tonight, so I may have a small play in a couple Spanish Div 2 games that look reasonable, and there's some horsey action to LAY!

Keep Greening Up!!

Day of Two Halves!

Evenings Football P/L = -£8.87

Days P/L = -£3.70

After a great start to the day with the Lay The Field strategy, I picked out 4 games that fitted my trading guidelines throughout the evening. This was a tough evening to sit through, as at one point I was staring a £20 loss right between the eyes!

A couple of goals early in the 2nd half settled my nerves a bit, but had to see out the 90 minutes at Goodison, where an Everton goal would have been the icing on the cake! I had made Siena a nailed on home win, and was looking for an early goal to lay off for my green screen, however, this did not happen! Siena dominated the game, I was watching on Bet365, but could not hit the back of the net! I think they had managed 7 corners by Half-Time!

In the end, I had to stick to my get out point, which is when he price drops below a certain level, then, as usual happens, Siena score about 2 minutes later!

As it was, I managed to get a small red for the day.

Here are my football results:

Everton v Reading = +£3.09

Siena v Triestina = -£8.53

Portsmouth v Scunthorpe = +£2.43

Reims v Nice = -£5.86

So as it was, my trading bank went from above the £86 mark, down to around £83.

I should be back later with the days Horse Racing events and any football if there's anything I fancy!

The Lay The Field Strategy..

Days Horse Racing P/L = +£5.17

Current Balance = £93.60

Evening Guys,

As promised, here is more info on my favourite horse racing, and other multiple runner events, 'Lay The Field'!

It is exactly what it says! I set up a number of lays to keep in-running on Betfair, and hope that 2 or more get matched at odds on, 3 or more at 2, 4 or more at 3, etc, etc. I often set up 3 separate lays on each horse at different prices.

For example, today I set up 7 races, with 3 different laying prices per horse per race. The tracks I chose were Lingfield on the All-Weather, and jumps racing at Leicester.

After trawling the Internet, I came across some stats that pointed to Leicester being a above average track for getting horses beaten at odds on in-running, but only with 8 runners or more.

There were 3 qualifying races today;

3.00 - 2m 7f Handicap Chase - Beware Chalk Pit LOST but Matched at 1.67 AND 1.08,

3.35 - 2m 4f Handicap Chase - Red Law LOST But Matched at 1.67,

4.45 - 2m 7f Hunter Chase - Drom LOST Beaten 6 lengths, but matched at 1.67!

So it looks like these stats were good, and will be worth following. There is much research to be done on this subject, but that'll be another day. I'm just looking through the football markets now, and am picking out the games I want to trade tonight.

All The Best

Welcome To My New Betfair Trading Blog....

Hi,

And welcome to my new Betfair trading blog! I have decided, after losing for years, I am going to have one last go at building up a trading bank using Betfair. I deposited £50 last week, and currently have a bank of £88.46.

I will be mostly trading on football matches, with some of my favourite 'Lay The Field' tactic thrown in for good measures!

I have started this blog for myself to keep a record of how I do in this challenge that I have set myself. I will attempt to update every evening, or at least every couple of days. I am not aiming to hit a target % per day, I'm just going to trade when I think the matches, or races, etc are there to make money.

I will be back later with the results from the days trading, and some more information on how 'Lay The Field' works and how much fun it is!

So Long For Now.