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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