Another Score Draw

Since Last Post P/L: £12.85
Monthly P/L: £144.36

I apologise if it's a little slow around here at the moment but I suppose this isn't the entertainment business! The simple fact is I'm here to try and make money and if things are not happening I can't afford to push it otherwise I'm sure to get myself in a mess. I just need to let things roll, wait for the right opportunities and then when they come along have the conviction to make the most of them.

Clermont v Bath
For once a rugby match didn't go my way. Prior to kick off Clermont were trading at 1.72 and even though I was convinced they'd win the match they ended up making hard work of it. The first half was scrappy and as my strategy is based on predicting big market swings, when nothing happened I ended up getting caught a few times. At half time I thought about trading up to 60 minutes but in the end my trading rules prevailed and I decided to bail with a loss of £21.42.

Federer v Nadal
My first tennis action of 2007 started with a small loss of £8.76. I was tempted by the match up of two great athletes and wanted to see if I could spot some value. The consensus before the match was that Nadal would walk it and at a price of 1.36 the market agreed. He won the first set and looked assured of his 81st consecutive clay court victory but Roger dug in and played some wonderful stuff to win 2-1 in sets. I played with low stakes to test some strategies but none really worked so unfortunately it's back to the drawing board.

Leicester v Wasps
This was the highlight of my weekend. Having been very impressed by Leicester this year, I'd marked them before kick off as being between a 1.50 and 1.66 shot. When I saw their price was 1.40 I was very tempted to get involved but in the end decided to hang on to see how things developed. It was immediately obvious that the Wasps defence were in good form and you could see they were up for the game. The market started to take note and the price started to drift. The main point for me was managing to lay Leicester @ 1.74 just before the Ibanez try which helped secure me a profit of £43.03 on the match.

It'll be another quiet week for me as I plan my assault on the final weekend of the month - how will May turn out?
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