Saturday, 16 June 2007

Timing My Run


Daily P/L: £157.98
Monthly P/L: £106.18
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That's more like it! It's nice to be back in profit and maybe this is the kick start I need to set-up the rest of the month. I only traded on one event today but it was enough - I suppose quantity isn't the important thing it's the result at the end that counts.
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South Africa v Australia
After thumping England twice recently, South Africa have been built up as likely challengers to New Zealand in winning the World Cup later this year. Even though they're a very good side I thought they'd been talked up a little too much in the build up to this one and my gut instinct was that the 1.24 available was a little short. Australia are no great shakes but with a more balanced backline there was no doubt that they had the ability to cause the Saffers problems if their forwards could gain some sort of parity. With this outlook I watched very closely as the Aussies defended bravely during an opening 10 minute onslaught by the Springboks and when they'd cleared their lines I managed to lay the hosts a number of times just prior to the Wallabies scoring a try through Matt Giteau. This meant I was able to green-up my position nicely and get out by half time - if only things were this simple all the time!
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Watch out for Australia later this year though. They never have a bad World Cup and if things go to plan (e.g. they play England in the quarter final) they should make at least the semi-finals. Their current price of 18.00 on Betfair will probably be around 7.00 then.
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You may notice that my monthly profit/loss is a little bit more than it should be compared to my last post - this is because I forgot to report a small win on the New Zealand v France match last weekend. When looking at my Betfair figures I forgot to take into account my Australian wallet as I rarely trade on these events - an easy mistake to make but maybe I should take a look more often!
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4 comments:

STST said...

Hi Mark,

Great result! Being in work that day, I was forced to bet in the bookies, boooo. £10 on the draw @ 20/1. Oh so close :(

All the best

Gareth

Mark Iverson said...

Hi Gareth!

From memory I think the draw was trading at around 26 on Betfair at half time and I'm sure this dropped significantly as the macth went on.

Nice to be back in profit but a long way to go yet!

All the best,

Mark

Richard said...

Hi Mark,
I only found your blog recently and am now a regular. I have included a post about it in my blog, I hope you don't mind. If you do, I'll delete it promptly. Keep up the great results. You are really helping inspire me when I get some bad results.

Richard

Mark Iverson said...

Hi Richard,

Thanks for saying hello - I started with a trading bank of £250 back in September and I'd like to think I've learnt a bit since then.

Your blog looks good - I'll set up a link to it tonight. if you could return the favour it would be appreciated.

All the best and stay patient!

Mark