Saturday, 2 August 2008

On the wrong side of the line.....

Daily Loss £18.28

As I’ve said a few times on here, I don’t want to turn this blog into a typical gambler’s blog whereby I bemoan my lack of luck and what could have happened today. However, one thing I’ve learnt today is that there is going to be a very fine line between winning and losing. I was on the wrong side of the line far too many times for my liking today but it will all even out in the end, so I won’t complain too much.

Firstly, I’m posting up a loss. This is slightly misleading in a way as I threw away £100 profit on the Stewards Cup. I don’t want to dwell on this too much but Andrew fancied one here, it went on a massive drift, and it suddenly became a value bet in both our eyes. It ran really well and finished 5th, so I’ve no complaints. £100 win was maybe a bit excessive in a 30 runner handicap but the fact it finished 5th slightly justifies my decision in my eyes. It was a pure punt and I was getting £2.5k return, so I’ve no complaints.

For the rest of the day, it went great. My largest loss was £20 when I cancelled a lay in running at 4 and my horse traded at 1.3 before getting beat in a photo.

I had 4 2nds on the day which cost me £250 profit and again, I’ve no complaints. I could have taken more out IR but I wanted to gamble, so no complaints.

The most annoying thing today was in 2 races, I had pre-selected the winner but didn’t back it as I couldn’t get what I perceived as value odds. These winners were 5/2 and 11/1, so this annoyed me greatly.

Overall, I had 5 wins, 7 losses and 8 break-even races. I chose to not do anything for 7 races.

I think one of the main things about today was that I actually enjoyed trading. This is maybe the first time in a few weeks that I actually enjoyed trading and it seemed like a bit of fun. Let’s hope this continues.

One last thing is how my horse selections did today. It’s actually a combined effort from me and Andrew to be honest as we sort of specialise in different kinds of races.

In total, we selected a single horse in all 27 races this afternoon. We had 4 winners with starting prices of 14/1, 11/1, 9/2, 5/2. We also had 4 seconds at 16/1, 10/1, 5/1, 6/5. Lastly, we also had 4 thirds at 8/1, 11/2, 5/1 and 4/1.

Looking at our results, it’s difficult to say whether we had a good day or not. My own feeling would be we did only average but then again, we made a profit to level stakes (starting prices are at least 10% lower than Betfair) which is not to be sniffed at.

Obviously, if a couple of the seconds had won, it would have changed the whole complexion of the day for us but it wasn’t to be.

Not really sure when I’ll be trading next but I’ll post the result on here when I do!

No comments: