Pre Match Trading – Week 29 Results

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.

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1 Response

  1. That’s what I do (back at lay price and vice versa), it’s when the price steams in or out and I only have one side of the trade matched that the problems arise. More often than not, the price fluctuates one way and then another, so it leads to the temptation to sit on the trade when it is going the wrong way, expecting/hoping it will come back.

    Sometimes it doesn’t, usually it does. The alternative is to trade out every time a price moves the wrong way. I’m not convinced that would be profitable (in the long run), as most of my trades make money by virtue of the fact that the price moves one way and then the other. Basically meaning that I would need to trade out of around 50% of them as soon as the price went the wrong way.

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