Daily Profit £59.28
I want to give a little update on my scalping today. I decided to up the stakes a little today and play about with £10 stakes. All week, I’ve been playing around with £2-£5 stakes and I’m about 89p up on the week. As I hinted at in the last post though, it’s coming along great and I’ve learned an amazing amount even after a week.
Today, I decided to stop greening up and start using my little green profits to back the horse I want. This was a little experiment to see how I would go as I said in the last post that this is ultimately where I want to end up on Betfair.
I’ll post my P&L below but I got off to a dream start. I fancied that Bowder Stone would be well backed and I had it down as around a 3/1 chance. It was 9/2 and over 6 on Betfair when I started watching it on BA Pro. I then watched the money come for it, spotted the trend, jumped on the gamble, kept clicking to back (3 times) all the way down the gamble, and hoped off about 8 ticks lower with a green profit of £7. Nice work.
I then used that to back Higgy’s Boy at 13 as I thought it was now overpriced as it had drifted. I then watched in horror as Bowder Stone travelled like a dream and Higgy’s Boy was outpaced at the back and trading at 50+. Fortunately, Higgy’s picked up the bridle and finished well to go down in a close photo by a short head. I had left a lay at 2.08 and 1.5 and both got matched. Hence, a profit of £34 on the field and £47 on Higgy’s if it had won.
In the 4.00, I had a green amount of 87p and I put it on Golden Destiny which romped home at 12/1. Typical!!!!!!
In the 4.30, I couldn’t believe the price of Desert Phantom to be honest as I saw its debut run when it was heavily, heavily backed and romped home and I had it down as a possible future group winner. I managed to catch the little gamble when it was backed and then I put my green profit on it which gave me a profit of £10.
Overall, 2 winners in 8 races at prices of 11/1 and 9/4 and a second at 9/1. Overall, my scalping went great and I managed to trade very well and again, the profit is boosted by my knowledge of horseracing.
That’s surely the future strategy for me on Betfar……………