12 March Schalke v Galatasaray / Over/Under 2.5 Goals – Won £2.21
17 March Wigan v Newcastle / Over/Under 2.5 Goals – Won £1.43
17 March Osasuna v Atl Madrid / Over/Under 2.5 Goals – Won 86p
A week’s online football trading profit of £4.50
Total Pre Match Trading profits to date is £177.58. My football betting bank now stands at £277.58 I started off the experiment with a betting bank of £100.00 and use around 75% of my available bank on my trades, which are all done pre match using Betfair.
As I eluded to last week, I had a far quieter week on the pre kick off trading this week with just the 3 matches traded.
This was due to a couple of reasons, my betting bank has been tied up a lot recently as I have been using it to bet on Cricket and Rugby Union. And when I have traded football, I was a lot more selective on the bets I picked out.
The main reason for my selectiveness with the football trading is because I am sick and tired of one or two trades wrecking a whole week’s work – which has been happening all too often lately.
So as a result of this I have been having a read of my earlier blog posts from when I started out in pre match trading to see if I am doing anything different. And I have been having a good think about where I think I might be going wrong.
No definite conclusions yet, but I am thinking that maybe I have been trying to trade too many matches lately. I also think I may be too quick to get involved in trades these days.
For example, I can’t remember the last time I put a bet up and thought if it doesn’t get matched, so be it. All I have been doing lately is trying to get involved in the trade as quickly as possible.
By that what I mean is that when I started out pre match trading, I may have been looking at a market that was trading at 2.00 to back Over 2.5 goals, and 2.02 to lay Over 2.5 goals.
Back then I would have probably been a lot more cautious and put my back bet up at 2.04 and my lay bet at 1.99. And if one got matched, I would move the other bet to within one tick to try and get matched for a small profit. But if neither bet got matched, then I moved on.
Lately I would have just backed Over 2.5 at 2.02 and placed my lay at 2.00, and expected to get matched. If I didn’t get matched straight away, I would move my bets around to ensure one of them got matched as quickly as possible, whether it looked risky or not. I couldn’t wait to get involved, all my patience seems to have disappeared.
This is one aspect of my trading I am currently looking in to. As a result of this, I may start to put my bets up at a tick or two higher/lower than they are trading at in the coming week, and see how I get on.