9 February Tottenham v Newcastle / Over/Under 2.5 Goals – Won £5.12
9 February Tottenham v Newcastle / Match Odds – Won £4.11
9 February Norwich v Fulham / Match Odds – LOST £11.31
9 February Southampton v Man City / Over/Under 2.5 Goals – Won 83p
9 February Real Madrid v Sevilla / Match Odds – Won £4.00
10 February Aston Villa v West Ham / Over/Under 2.5 Goals – Won £2.22
10 February Man Utd v Everton / Match Odds – Won £3.14
10 February Ath Bilbao v Espanyol / Over/Under 2.5 Goals – Won £1.09
10 February Ath Bilbao v Espanyol / Match Odds – Won 46p
10 February Inter v Chievo / Match Odds – Won £1.15
10 February Rayo Vallecano v Atl Madrid / Match Odds – Won £3.51
A week’s online football trading profit of £14.32
Total Pre Match Trading profits to date is £178.63. My betting bank now stands at £278.63 I started off the experiment with a football betting bank of £100.00 and use around 75% of my available bank on my trades, which are all done pre match using Betfair.
Like the previous couple of weeks, 1 or 2 trades is wrecking what could/should have been decent profits. I seem to be struggling with discipline here, and it’s costing me.
What I’m referring too is what I have previously written in previous weeks. And that is that ‘this is not a short term project,’ it is long term. So there is nothing wrong with taking the occasion 1-2% loss on a match, as I know I win 1-2% quite often, so the wins will outweigh the losses.
Where that goes wrong is when I let a match get to a situation like the Norwich V Fulham match, where it becomes a loss of around 4-5% (without doing the exact maths). There seems to be a stubbornness sneaking in to my trading which isn’t allowing me to look at the bigger picture – the bigger picture being to take a small loss and move on.
Like a talented boxer told to jab and move, who can’t resist getting involved in a brawl with a brawler who can’t box, and thus allowing a less talented opponent the chance to win – I don’t seem to be able to walk away from a small loss, without getting involved in a scrap to try and green up, and this is starting to be a problem now.
I can see what the problem is, but at the moment I’m struggling to discipline myself not to get sucked in.
While I’m messing around trying to recoup a small loss, I’m not just (on some occasions) turning it into a bigger loss, I’m also getting bogged down and potentially missing out on some good opportunities else where. So I’m effectively losing twice.