November Update 1st-14th

November 1st-14th 2011:


Australian wallet:


+£311.07

November Update

November 1st-7th 2011:


Australian wallet:


+288.78

Edited 8th Nov:

3 Month Profit & Loss

This shows the struggle it has been in recent times; markets that I have done well on in the past are showing negative results. Looking back to last year, I was up around 5k+ on Football and 3k+ on Tennis, and this year both are in the minus figures. This is because I am touching markets I would never have had to in the past in order to try and get to something more workable.

Overall, it's been less about trading and more about risk taking, and those who gamble will rarely win long term. This is something I need to change asap or have that small run of luck in order to get there, but at the moment it's not coming easily.

July 31st - Nov 1st 2011:


Australian wallet:


-£269

Life-time Betfair Profit & Loss

Despite a bad year, I thought I'd post a screen-shot of my profit & loss on Betfair since I started using the site in 2007 - although it's not the easiest to read through the premium charge portal. Can anyone make sense of it? Thanks.

30 Day Update

It's getting a bit like Groundhog Day now, but I might as well keep the updates coming. Like I say, the same old story - using a small bank size and it's having an impact on how well I could do. The rest of this year is pretty much damage limitation now or trying to get a big enough bank size ready for the start of next year because getting over 1k is not going to come the easy way. I think March is the last time my Betfair account saw that much which is quite disappointing, considering how well I did in 2010, but you live and learn by your mistakes.


One bit of luck I did have was, I saw one of those 'one off' £5 free promotions Victor Chandler sometimes offer, so I did what I don't usually do and stray away from Betfair. So I opened an account, got the free £5 bet and placed a 7 match accumulator not really expecting anything to happen. Well it just so happens it won (£68.80) thanks to Aguero's last minute goal for Man City against Villarreal. Nothing to write home about, but it came in handy. I withdrew it all straight away of course and called it a day on Victor Chandler.

I don't use normal online bookmakers such as William Hill, Ladbrokes or Victor Chandler as I feel there is only one place your money will go more often than not, and that's to the bookmaker itself. The odds they all offer are very poor compared to a betting exchange such as Betfair - where you are betting against other people, and your chances of making it pay long term is actually possible because of having the option to 'trade out' of your bet.

My plan now is to somehow acquire the bank size I need, and once I do, trade as I did last year. Whether that happens in the next week, or the next few months, I'm not sure, but the sooner the better. Ready for next year is probably realistic at this stage, but you never know.

18th Sept-18th Oct 2011: (including the Victor Chandler win)


Australian wallet:


Total P&L: +£127.42

Last Few Weeks

Sept 18th - Oct 11th 2011:


Australian wallet:


Total P&L:+£48.40

A Short Update

September 18th - October 3rd 2011:


Australian wallet:


Total P&L: +£228.11