Friday, 29 February 2008
Wednesday, 27 February 2008
Monthly P/L: £850.86
My mouth's watering and it's not because I've been eating a spicy vindaloo. The reason for my excitement is that I've just found out that the much vaunted Indian Premier League (cricket) will be screened by Setanta Sports when it kicks off on the 18th April.
The competition promises so much; great players, a Twenty20 format, a number of weekend games and not to forget the best cricket fans in the world.....the Indians. Add to the mix a big wad of Bollywood sponsored cash and you have all the ingredients for an amazing spectacle. Is it any surprise that I'm excited?!?
But hang on a minute...are there going to be any drawbacks?
As the tournament is being shown on a subscription channel I'm a little concerned that it won't get the coverage it needs to take off. Setanta took over the coverage of the PGA Tour Golf from Sky Sports last year and at best the service can be described as bland so there's a significant risk that only the die-hards will persevere, the liquidity on Betfair will be mediocre and I'll end up trading against the wise guys who'll make it difficult for me to profit.
We shall have to wait and see.
Monday, 25 February 2008
Monthly P/L: £850.86
Tuesday, 19 February 2008
Sunday, 10 February 2008
Since Last Post P/L: £151.57
Monthly P/L: £578.75
These are the times I find really difficult. It's just so frustrating to have a weekend free and not have many opportunities to take advantage of. Okay, I've still been able to keep the profit & loss ticking over but I feel I could be doing so much better. If you read my blog regularly, you'll know that November, January and February are my expected quiet months but that doesn't make it any easier - it's still boring! But...I guess this when the real pro's stand out from the rest - I'm convinced they sit it out and importantly don't get frustrated. Discipline at this stage is the big difference between getting it right and getting it wrong and the danger is to get dragged into random markets to stave off the boredom. Fortunately, my approach of creating a trading plan before the start of each month seems to have worked in avoiding these pitfalls. Put simply, I list every event I plan to trade and don't veer from the plan. I think it helps for two reasons; the need to chase any losses is reduced as I know when/where my next action is coming from and secondly it ensures I only stick to sports I know.
Here's this weeks results:
New Zealand v England : £40.19
Australia v India : £52.88
Part v Barneveld : £32.16
Wade v Jenkins : £10.24
Italy v England : £121.86
So what else is new? Well it seems the great blogging revolution could be over for the old guard as both Ray the Sports Trader & the Betfair Trader are yet to post during 2008. This brings a tinge of sadness as towards the end of last year it seemed we had the makings of a good community in the offing. It's unfortunate, but I also appreciate that people have other things going on in their lives outside of Betfair, so if you're reading this guys all the best with whatever you're up to.
I wish the bad news stopped there but it doesn't. Lastminute are also ceasing their blog offering so the likes of John the Gambler and John the Man of Mystery are without a means for logging their daily thoughts. My message to them? Come to Blogger - it's a great service and it's run by Google who I'm sure won't be going anywhere.
I don't like to finish my rant on a negative so I'll just remind you that it's only 4 weeks (and a bit) before Nicola's due date. I'm going through all the emotions; nervousness, excitement etc. but in all honesty I'm not sure how I'll feel on the day - I suppose the best thing to do will be to relax and try to enjoy it. Somehow, I don't think she'll be able to :-)
Monday, 4 February 2008
Since Last Post P/L: £427.18
Monthly P/L: £427.18
There are no prizes for guessing what my weekend mostly consisted of. If you guessed drinking (lots and lots) of beer, watching rugby and trading then you are spot on and what a fantastic time I had. Obviously, Wales beating England on their own patch instigated the mayhem and I'm really struggling today to explain what I did and where I did it on Saturday night.
Not everyone was as happy as me though. As you can imagine, Nicola had different feelings when I collapsed half-in and half-out of the doorway on my return home. Yes I was badly behaved but it has been twenty years since we last tasted victory at Twickenham so I had to make the most of it. The house ban that she's now put on me seems justified.
Somehow (and I really don't know how) I also managed to fit in some trading, and maybe the feeling of being on another planet helped me as the profits seemed to mount up without having to work too hard. Even the New York Giants won the Superbowl for goodness sake!
Here's a summary of my latest results:
NFL Season 07/08 - Super Bowl Winner : £147.49
South Africa v West Indies : £245.01
England Saxons v Ireland A : £63.21
Ireland v Italy : £28.53
We all know it works the other way too so I'm going to enjoy this feeling while it lasts and with a bit of luck the rest of February might turn out okay.