Sunday 10 June 2012

Luck of the Irish


.. and luckily I didn't have their luck, as Croatia were the superior team and deserved winners of the match - even though Ireland had a stonewall penalty disallowed.

Today has been happily uneventful for me. No amazing successes and, more importantly, no losses. With the Euros upon us, I think that is more important than ever. It's only too easy to get caught up in the hype and hysteria of a major tournament like the Euros and think to yourself that, because of the huge liquidity, with all that mass of money sloshing around, swelling the markets to bursting point, that you have to make more money than usual or, even worse, that you have to increase your exposure in the markets to do so. This would be a serious mistake and the chances of losing more are, in my opinion, magnified far beyond the level of that increased exposure.

Don't look to make more money than usual. Treat these highly liquid markets just like you would any other markets. By all means adjust your methods if you play differently depending on market liquidity, but don't start doing things you wouldn't ordinarily do. Don't increase the number of bets, or start betting in markets that you don't normally visit. You almost certainly have no edge under these circumstances.

As mentioned, nothing too amazing today. Made a few bits and pieces on both games, and have also managed to secure £38 on the French Open winners market in the tennis, which will be settled tomorrow. I did notice that scalping on the Spain game was decidedly harder than scalping the Ireland game, as in the Spain game available money was being snaffled-up at an amazingly quick rate. This must have been people at the match with a very solid connection to Betfair. The Ireland match didn't have this problem.


Football: £158.65 | Tote: |  Total P&L:  £158.65



Football Showing 1 - 8 of 8 markets

Market Start time Settled date Profit/loss (£)
Football / Rep of Ireland v Croatia : Correct Score 10-Jun-12 19:45  10-Jun-12 21:51  50.18
Football / Rep of Ireland v Croatia : Over/Under 4.5 Goals 10-Jun-12 19:45  10-Jun-12 21:46  2.39
Football / Rep of Ireland v Croatia : Over/Under 5.5 Goals 10-Jun-12 19:45  10-Jun-12 21:45  4.08
Football / Rep of Ireland v Croatia : Over/Under 3.5 Goals 10-Jun-12 19:45  10-Jun-12 20:54  13.30
Football / Rep of Ireland v Croatia : Over/Under 2.5 goals 10-Jun-12 19:45  10-Jun-12 20:31  6.48
Football / Spain v Italy : Correct Score 10-Jun-12 17:00  10-Jun-12 18:59  55.02
Football / Spain v Italy : Half Time 10-Jun-12 17:00  10-Jun-12 18:03  2.73
Football / Spain v Italy : Half Time Score 10-Jun-12 17:00  10-Jun-12 17:47  24.47




1 comment:

  1. Very nice results you got there. I've been following your blog with great interest. I know a trader typically won't post something about his strategy but do you think you could post something about staking. It would be very interesting to know what kind of stakes you use to achieve your results.

    Greetings from Germany

    ReplyDelete

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