Pre Match Trading – Week 6 Results
1st October QPR v West Ham / Over/Under 2.5 Goals – Lost £4.76
2nd October CFR Cluj v Man Utd / Over/Under 2.5 Goals – Won £1.04
4th October Liverpool v Udinese / Over/Under 2.5 Goals – Won £1.27
7th October Celtic v Hearts / Over/Under 2.5 Goals – Won £2.60
7th October Brest v Bordeaux / Over/Under 2.5 Goals – Won 18p
7th October Southampton v Fulham / Over/Under 2.5 Goals – Won 92p
7th October Siena v Juventus / Over/Under 2.5 Goals – Won £1.05
7th October Liverpool v Stoke / Over/Under 2.5 Goals – Won £1.40
7th October Newcastle v Man Utd / Over/Under 2.5 Goals – Won £3.10
A weeks profit of £6.80, taking my overall pre match trading profit to £36.21. I’m still trading with stakes of £100.00.
The week couldn’t have got off to a worse start with the trading loss suffered in the QPR V West Ham match on Monday night. I got home from work late and dived straight in to the Over/Under 2.5 goals market, I didn’t bother to watch for 5 minutes to see how the market was behaving, or check if the team news was out, etc, nothing.
So I got what I deserved with my loss of £4.76, I really have to take trading more seriously than this. In hindsight I believe that I was subconsciously of the opinion that I only had to place a trade to make a profit. I’ve been betting or trading for long enough now to know that is a load of crap, I can take nothing for granted.
While I’m only trading with £100.00 I suppose I can get away with slackness, but if I’m going to put a few hundred more in my betting bank to work with, then I can’t afford to trade in that manner.
Already nearly five pounds down, I set myself a target to try and break even by the weekend. Starting on Tuesday, I got just over a pound back on the Manchester United game. On Wednesday I didn’t get home until late again, but unlike Monday, I decided not to trade as I didn’t have time to try and study any markets. Thursday nights trade on the Liverpool game was a nice easy straight forward one.
On Friday I hit the big 4-0, so I was away with the family and didn’t get back until Saturday night, so that meant I missed trading on Friday night and all day Saturday. I did consider doing some trading on my phone on the Saturday, but decided against it.
I was quite happy with my discipline there, as I can’t see much other than the price in front of my eyes when using my phone. I have no way of checking price movements or comparing online bookmaker prices, or checking anything for that matter, so I decided a while back that it is probably better if I only trade at my computer, where I can pull up all the information I need.
It basically comes back to my belief that I have to take this seriously or it will never work. I had already messed up on Monday, so I couldn’t afford to mess up again this week.
I put in a solid days trading on Sunday and I made £9.25 (again using £100.00 stakes), this just goes to show what can be done with pre match trading when you put in the effort.
The only trade which didn’t go totally to plan was the Newcastle United V Manchester United game, all the others went well and I was greened up and out before the games kicked off.
In the Newcastle match, I was that engrossed in watching the market that I hadn’t noticed that the game had kicked off, and my unmatched bet cancelled. It was still in the first minute when I realised, so I hit the ‘cash out’ button straight away. It worked out all right for me in the end as it greened me up with more profit than I had been looking for pre kick off.
I had already gone in and traded out a profit in this match, it was during my second foray into the market that the slight mishap happened.
I’m undecided about whether to just walk away once I’m green. It’s something that I’ve been thinking about recently, and at the moment all I can conclude is that it’s swings and roundabouts. So for now I am just going to carry on as I am, and keep on going back in until I think better of it.
Hopefully next week I can cut out the stupid mistakes. It is an international week so I am expecting a quiet one. I suppose it could be an ideal opportunity to cash in some free bets and build my bank up with some matched betting. Who knows, I may even find the time to tidy this blog up as well.