Friday, 22 August 2008

Vegetating


Since Last Post P/L: £93.29
Monthly P/L: £872.92
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I'm going to try and keep this short for two reasons - it's been another quiet week and because I have to get ready to go out on an all day session :-)
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Being given a day-pass from Nic doesn't happen very often so I intend to make the most of it!
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So what have I been up to? Well, not a lot. I really haven't had the time to get involved in the Olympics and jumping in without getting a feel for the events is something I've been reluctant to do. Instead, I've tried to stick to the tried and tested but even then things haven't gone my way.
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Last night for example I'd forged an all green £50 position in the Pro40 game between Derbyshire and Yorkshire. As I wasn't feeling 100%, I decided to finish earlier than normal and whereas I'd normally take out some insurance against the tie I decided not to bother. What happened next? Yep, low and behold both teams finished on 213 runs and I woke up this morning with a Betfair account balance the same size as it was yesterday. It's very frustrating when that happens, especially as I've wasted quite a bit of my profits covering the tie on previous matches this year.
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On Wednesday I also decided to follow one of Graeme's picks as it seemed a good opportunity to pick up an in-running profit. The selection was 'Icannshift' and whilst I agreed that the price of 7.80 was a little short, I was confident it would trade lower than during the race as it was a proven front runner. I backed the horse before the off and submitted a lay at odds of 4.00 to be kept in-play but although the horse led at one point I didn't get matched. No luck this time but that won't put me off following Graeme's thoughts in future - take a look for yourself and visit his blog over at the 'The Experiment'.
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My involvement in the Big Brother market has also come to an end and the final picture now looks like the screenshot I've included below. My thoughts on Darnell have changed during the last few weeks. He's not my preferred winner but the British public might just see him as the best of a bad bunch and I could end up with just a £14 profit.

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Here's a full list(!) of my latest results:
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Rugby Union
New Zealand v South Africa : £53.84
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Cricket
Essex v Kent : £16.95
Nottinghamshire v Durham : £47.50
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Horse Racing
Folkestone : £25.00
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On a more positive note, things should change a bit next week as there's Cricket on almost every day and the US Open starts. The latter should provide me with the chance to further my Tennis education and hopefully not lose too much money!
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Right....now where's that first beer......
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4 comments:

Graeme Dand said...

Sorry to hear you followed that one mate....

It got taken on for the lead and sulked. It was the first horse beat and finished tailed off last!

Usually, that sort of horse is the easiest trade IR you'll find but annoyingly, when it goes wrong, you need to get out for a loss if possible.

The previous day was the day to catch the blog! Someone we both know managed to catch both winners on that day with his first two bets on my selections....

Nice timing!

Keep tracking the blog and keep an eye out for these sorts. Drop me a note mate and I'll add you on the email list for next month. Trying to stop using the blog as much as it may look dodgy at work!

Graeme

mariusrec said...

Hi mate,

Just wanted to ask you how come you make so much money on criket.
Do you have some strategies of your own which you developed in time, or did you read a book on cricket trading.
I trade on Betfair too, mostly soccer, tennis and horse racing, and i'd like to get into cricket too but i don't know where to start, i haven't watched a cricket match in my life.
If you have any suggestions i'd love to hear them.

Mark Iverson said...

Hi Graeme,

Yep, I definitely missed the wedding and attended the funeral!

Only joking mate - I'm happy with the bet as I know more often than not it would have come off.

Keep up the good work - your analysis is really in depth and I think your readers appreciate the effort you put in.

All the best,

Mark

Mark Iverson said...

Hi Marius,

My profits from cricket have been generated from strategies I've built up from just watching as much of the sport as I can.

I concentrate on one day games (the price movements are more volatile) and after a while you get a feel for when the odds are over or under priced when compared to the status of the game.

If you've not watched a game of cricket before then don't get involved until you understand the rules etc.

All the best and thanks for leaving a comment.

Mark