Saturday, 28 June 2008

Target met, mission accomplished!

Daily Profit £54.20

Quick post to say I met my profit target today and I can now say that I’ve had my best ever month on Betfair. Yipee……

I was very busy today but I was determined to try to get a little bit of time to trade to make my £50! Well, it got off to a dream start with a £49 win in the first race of the day (see picture below - I didn't lay a penny off in running and it ran really well and traded at just less than 5 for large sums!) and I basically started to have a bit of fun!

I had about 4 riskfree bets of £100+ today which meant I could have probably have won another £30+ but I went chasing a big win. I came close with two 3rds and if I had laid them off in running, that £30+ I gave up was more like £100+ but you know what, I don’t really care!

I’m now looking forward to starting next month now!

I’ll do a post in a couple of days with a review of the last month as it was a bit of a rollercoaster month for me but in the end, it’s all worked out well.










5 comments:

Anonymous said...

well done that man!

Matt said...

well done Graeme! and a great blog too... i've added a link to you.

Just looking through your results and it looks good for you, just keep doing what you are doing, don't be tempted to up your level until you are well beyond where you think you should up your level... the game changes in ways you won't expect - each time you raise stakes or look for more.

Matt @ Punt.com

Anonymous said...

Graeme,

Well done on meetng your target. Youd said previously you would talk through an example of how you trade a race.

Can you discuss that race yesterday as a £49 profit from pre-race trading with a stake of that size is an amazing trade.

How did you know the horse would shorten, what made you choose that horse, what stake size were you using etc.

Stan

Anonymous said...

Graeme,

Just wanted to day well done on the past month. I read your comment on Mark's blog regarding managing your expectations. I think you need to realise how well you are doing. I haven't heard of many traders who have your ability after 4 months of trading.

To put your results in perspective, I've been trading on Betfair for 4 years now and I started trading seriously part-time 18 months ago.

I consistently make between £300 - £400 scalping the pre-race markets but it's hard work at times.

Not sure how you've managed it but you appear to have picked up the trading game very quickly and as long as you keep on doing what you are doing, as your experience grows, there is no reason to think that you can't be making £1000-£1500 a month in the near future.

Keep up the good work.

Steve

P.S. Like Stan, I'd like to hear how you traded that race yesterday. I traded the race and made £24 profit from a total stake of £800! (4 trades at £200 each, 2 scratched!)

Graeme Dand said...

Anonymous, cheers for the pretty random comment!

Matt, thanks for adding me as a link and I’ve added your link to my blog. I agree that I need to continue doing what I have been doing recently and the profits will continue to flow. I’ve actually been steadily decreasing my Betfair bank recently as I was worried my bank was growing too fast in comparison to my relative experience on Betfair. I’ve no intention to increase stakes until I can consistently earn decent profits from my current staking level.

Thanks for the comment.

Stan, thanks again for the comment. I’ve posted up an example of how I traded that race yesterday. Be keen to hear any thoughts you have or tips about what I can do differently. Cheers.

Hi Steve. Thanks for the comment. Much appreciated. I think I did lose perspective in the middle of June as the profits were coming too easily to me and I soon became disappointed when I wasn’t winning £50+ every night. The large loss I had maybe happened at the perfect time for me in the sense it gave me a reality check.

I think I have picked up the trading quite quickly to be honest and I’m surprised myself about how well I’m doing. It’s still very early days and I only want to be judged at the end of the 12 months on how well I’ve done but so far, so good!

Graeme