Pre Match Trading – Week 10 Results
2nd November Brighton v Leeds / Over/Under 2.5 Goals – Lost 48p
2nd November Porto v Maritimo / Over/Under 2.5 Goals – Won 96p
3rd November Man Utd v Arsenal / Over/Under 2.5 Goals – Won £2.75
3rd November Dortmund v Stuttgart / Over/Under 2.5 Goals – Won £1.96
3rd November Swansea v Chelsea / Over/Under 2.5 Goals – Won 35p
3rd November West Ham v Man City / Over/Under 2.5 Goals – Won 66p
3rd November Real Madrid v Zaragoza / Over/Under 2.5 Goals – Won £2.12
3rd November PSV v Heracles / Over/Under 2.5 Goals – Lost £2.42
3rd November Valencia v Atl Madrid / Over/Under 2.5 Goals – Won 59p
A week’s football online trading profit of £6.49.
Total Pre Match Trading profits to date is £66.62. My betting bank now stands at £166.62, I started off the experiment with a betting bank of £100.00 and use all my available bank on my trades, which are all done pre match using Betfair.
Week 10 was a fairly quiet week with a slightly less than acceptable percentage (less than 5%) profit. I do have a slight excuse for this. Obviously the main football trading days are Saturday and Sunday, and last week I wasn’t around all day Sunday so I had to do the majority of my pre match trading on Saturday.
The significant loss of the week was in the PSV V Heracles match. As Over 2.5 goals was so short to lay (around 1.29-1.31), I was able to lay £300.00 (with £90.00 liability) meaning a one tick move either way would result in a £3.00 swing, and of course it swung the wrong way.
It swung two or three ticks the wrong way and I was left looking at rather a large loss at one point. I didn’t attempt to trade my way of it the position, I chose the sit back and hope for the price to swing back in my favour, as a result of this I was only left with the Betfair ‘Cash Out’ option at kick off and that was giving me an equal (on both sides of the trade) red of £2.43. Never mind, I suppose these things will happen from time to time.
This is one problem that comes up again and again. When the prices swings a few ticks, do I trade out and begin the process again (trying to clear my red first), or do I sit back and hope for the price to swing back a couple of ticks?
I think that there is no definite answer to this. I believe that when I learn the markets better, experience will tell me when to stick or twist, and that will only come with time.
Of the other pre match trades, they were in the main fairly routine. Most of the wins were small as I decided in most cases to just play save and get in and out just the once and move onto the next game.
If anyone is interested in pre match trading and wants to try it out, you can open a betfair account here. Another money making method this websites uses is matched betting, this is where I open online bookmakers accounts and use the free bets in a way that guarantees me a profit.