Not Counting Chickens

Since Last Post P/L: £754.56
Monthly P/L: £2300.25

.

Please believe when I say "I know the rest of the year won't be this good!". The IPL has continued to be the vehicle behind my trading good fortune and it will be tough to say goodbye to it when the tournament ends on the 1st June. I don't want to tempt fate but in my opinion it's lived up to the hype with the fans and players all buying into the concept. In short, it's had it all and the hilarious scenes when the ground staff were trying to hold down the covers at the Kolkata v Chennai game yesterday had me crying with laughter - where else can you find entertainment like that?!?

.

Everything must come to an end but a quick look at the calendar for June illustrates that it's not all doom and gloom as our own Twenty20 Cup swash buckles it's way into action. There won't be as many games and the weather can always get in the way but it always attracts a lot of interest so I'm hopeful I'll be able to keep up my good form.

.
Here's a list of my recent results:
.
Cricket
Mumbai v Kolkata : £69.85
Rajasthan v Bangalore : £230.69
Kolkata v Chennai : £130.74
Deccan v Mumbai : £260.36
Bangalore v Delhi : £62.92
.
Elsewhere, the Gambling Commission have published their consultation paper into In-Play betting. As all of my punting these days is conducted during whilst an event is taking place, any changes to UK legislation regarding this topic could seriously affect my ability to make profits. Should I be worried?
.
Have a read for yourself by clicking here.
.
Before you start to take a view, remember that in line with the Gambling Act 2005, the regulatory system has three objectives:
.
1. To prevent gambling from being a source of crime or disorder, being associated with crime or disorder or being used to support crime.
2. To ensure that gambling is conducted in a fair and open way.
3. To protect children and other vulnerable persons from being harmed or exploited by gambling.
.
Okay, so now that's clear what does it mean? Basically the paper sets out to investigate the issues behind in-play gambling that could be seen to go against the 3 objectives stated above. It highlights the issues separately but the main concerns seem to revolve around the involvement of organised crime playing a part in match fixing and ensuring that punters are aware that they may not be playing on a level field.
.
What do I mean by the second comment? Well, from reading the report it appears that the commission are already very much aware that the use of betting software (bots, trading applications etc.) is becoming ever more popular and that individuals are doing whatever they can to source quicker feeds to live events. To me there doesn't appear to be a problem with either of these points (surely it's up to the punter to safeguard themselves as much as possible and accept the risk before placing a bet?) but I suppose they'll be asking the likes of Betfair to do more to make people aware that televised events can be delayed and that others are viewing the data in a different format.
.
It'll be interesting to see what comes of this - my only wish being that a common sense approach is taken.
.
P.S - As a footnote it's worth remembering that in 2006 thousands of Americans played online poker. Following the introduction of the Unlawful Internet Gambling Enforcement Act there's not so many of them around these days.
.