Tuesday, 26 October 2010

Red Thunder

I needed a dose of poor man's Red Bull today to get me in the money. It was such a sloooooow rise to profit, I mean it took me 2 1/2 hours to claw my way out of the red!

Anon: "You could say the Red stuff got you out of the red stuff there, Mets"
Mets: "Yeah, but I won't"

Nothing stressful really, just annoying. It's so important to me to end the day in profit, my 17th in a row now, because I find it encourages winning ways.

The Red Thunder actually tastes quite nice, not bad for 20p a can. Better with vodka or bacardi though muwahahahaha ;)

The word on the street is that Geek's Toy has new charting bells and whistles. I can't say I'm too bothered by this latest development, since I don't really understand what half of those graphs mean anyway! There's enough for my poor brain to consider without these added graphical shenanigans! Besides, they take up too much valuable real estate on my monitor and I like to have 5 nice big ladders in full view.

I captured a funny little clip from At The Races that I thought I'd share. I love some of the off-track things they pick up on - some of those lads have got a great sense of humour! :D

Incidentally, I recorded the clip on my new iPhone 4. I posted a while back that I was considering getting an Android phone - the HTC Wildfire - so I could run the Betfair Touch app on it and that it could probably do everything an iPhone can without the restrictions that Apple put on things. Well, as it turns out, the HTC Wildfire has such a crap screen on it that as soon as I booted it up I knew in an instant that I'd made a mistake. I flogged it on eBay and bought an HTC Desire (the next one up) which had a beautiful screen on it. But there's an old saying...

You can't make a silk purse out of a sow's ear

... and at the end of the day, the Desire just didn't cut it; the HD video camera hasn't been implemented properly (drops frames, noisy microphone), the satellite navigation seemed laggy and slow to get a satellite fix, and Google's app store is a loooong way behind Apple's. I love the iPhone have installed ibetmate as recommended by Handy Andy, and I've gotta say it's a lovely little app for interacting with Betfair, very slick and preserves the session so you don't keep getting logged out - brill!

Monday, 25 October 2010

Wakey wakey!

It wasn't a great start today at all. I don't know what it was - a bit of complacency, a bit of lethargy maybe - but by 3 o'clock I was -£41 down and starting to think about calling it a day.

After giving myself a good telling off and a blast of Megadeth on the hifi, I managed to turn things around with a good win at Southwell, which quickly got me back into winning ways.

I got to my target daily average of £30 so I'm pleased with that, given the uphill climb I faced. It's amazing how negative thoughts can snowball when you're in deficit though. It takes a strong mind to overcome adversity in any pursuit, and it's not something that comes easily to me. Once again, I had to remind myself what I was in this for and to have respect for the markets, the bank and the opportunity to be doing this in the first place.

As I've mentioned once before, I work off of a bank of 1k and my whiteboard is instrumental in getting me out of a deficit because I find, once I start scrawling numbers on the board, things become more real. I then concentrate on making that chunk of money back before anything else; other people may have a different approach to staying on the straight-and-narrow but this seems to work for me. After all, £30 a day is a tidy £900 a month which is not to be sniffed at.

Saturday, 23 October 2010

Strength to strength

Well things are definitely looking up having hit my third £100+ day in as many weeks.

"Make hay while the sun shines" makes a lot of sense after being reminded this afternoon, by one of the Racing UK pundits, just how cold last Winter got. The prolonged bout of snow certainly did play havoc with the race cards.

I was reading Chris Evans' auto-biography recently and he mentioned that his Dad was a bookmaker when Chris was a lad, during which time there was a 4 month frost! He went on to explain that having got through that rather lean period, his Dad then accepted an accumulator from a punter but hadn't covered the liability; the bet duly came in and put his Dad out of business! It's a surprisingly good read by Mr Evans - very well written.

My performance last week surpassed my £30-a-day target and I ended up making more than £50-a-day. Choosing my battles more carefully does seem to have helped a fair bit, and trading <= 3 minutes before the off has ironed out a few inconsistencies.

Sunday, 17 October 2010

"Ton" it on again

Fans of Genesis might appreciate the play-on-words in today's title.

Question is: what era Genesis were you? The "Peter Gabriel dressed as a flower" period? Or the "Phil Collins coming from behind the kit to be lead singer" era?

I don't know what's happening but Sundays are starting to be my most profitable day. Another ton reached on a day I used to really struggle with. I suppose that as my approach has evolved, then so has my alignment with particular days' markets.

Fans of my UFC forecasts will be looking forward to my new subscription-based tipping service. I'm 0 from 3 so far but I'm sure it's just a blip. There can be so many twists and turns in a fight that maybe the only money in MMA markets is fools' money?

"Oi 'ardy, I'm down 20 notes cos of you! What you gonna do about it?"

Saturday, 16 October 2010

All bets are on

Not a bad arvo on the horses results wise. Chucked a good £40 away though mid-session which made for a bit of teeth-grinding for the next two hours.

Got a fiver on the draw in the Villa v Chelsea game which is looking good at the time of writing.

Despite a few mis-hits on the UFC in the past, I'm going forth with my UFC gamble tonight.

UPDATE: Hardy got chinned in the first to lose me the bet. Not looking a great night for the Brits with Wilks defeated too. I hope Bisping has got what it takes to win his bout.

The "Outlaw" is back

A bumper night of fighting at the O2 tonight for UFC 120, and Dan "The Outlaw" Hardy returns for a fight with the USA's Carlos Condit. I don't recall seeing Condit fight but then again, since UFC and TUF (The Ultimate Fighter) went off Bravo, I haven't been keeping up with it as much, unfortunately.

I know that there aren't many with Hardy's level of self-belief though. Indeed, despite nearly having his arms ripped off by George St-Pierre in his last bout, he must have won over a large contingent of UFC fans with his gutsy performance. I mean, GSP seriously opened a full can of whoop-ass on him in that match!

With the UK crowd behind him, I'm expecting Hardy to put the smack down on this New Mexican upstart. I'll being having a £20 punt on Hardy fo' shizzle, provided I have a good arvo on the horses today, cos I don't gamble with money I haven't earnt that day, period!

Decent week on the horses, bouyed by last Sunday's uncharacteristic performance....for a Sunday.

I hope to do some in-play trading in the future, along the lines of a recent post by Alistair over at Bet Your Life Sports Trading. Eddy over at Trading Times had some punting joy backing Frankie Detorri yesterday at Newmarket. There's no doubting the man's horsemanship and I'll be looking to see of any in-running opportunities present themselves as far as the dimunitive Italian is concerned.

Sunday, 10 October 2010

Turning my swag on

"I said wazup, wazup, wazup...."

I have no idea what I just said, but I'm down with Cher from the X Factor. Fo shizzle.

For anyone trading the X Factor in play, I say wazup wazup wazup if you're watching the live show in real time - it went on for nearly 3 hours last night! At least with the old Sky+ I can blast through it in a third of the time. It used to be same with UFC when they showed it on Bravo, I could blast through an entire 3 hours fight night in about 45 minutes!

I pulled off a great heist today. Bit more respectable than the fiver I made last Sunday. I wasn't planning on using big stakes today because I find Sundays can be a bit volatile, but I saw a few opportunities early on that I couldn't help but get involved in.

After a difficult few weeks, trying to get to grips with £4-£5 tick sizes, I've managed to steer the profit line back in the right direction.

Saturday, 9 October 2010

Just one more

Another reasonable Saturday I suppose. The last trade was a bit of a duffer, a case of "just one more trade for luck". The old "see what happens" approach - marvelous (not)!

I celebrated my one year trading anniversary last Wednesday, although I didn't start the blog until the redundancy was confirmed a month later. A friend asked whether I would've done anything differently...I can honestly say I wouldn't. It's taken a while to convince myself (and others) that this is a genuine career path....ok perhaps career path is a bit strong! Some came round to idea pretty quickly (my wife); others are still waiting for me to get a real job (my mum)!

My performance has only been mediocre since a ground-breaking August, which has led to a few anxious moments and self-doubt. Admittedly, I've been upping the stakes which has affected my bottom line, but I'm hardening (nurse!) to the effects of the losses I've incurred as a result.

I'm still of the opinion though that, as long as you can cover the bills and have a few treats like the odd take away now-and-then, then it's worth living without flat screen tellys and expensive holidays in order to have more free time for yourself and the family.

If I can make it beyond the Christmas period by continuing to take home some modest monthly profit, without losing my money and mind, then things should go from strength-to-strength in 2011.