This week I set a target to use a more in-depth examination in the team's recent form and stats before adding them to my shortlist of matches to trade. I'm using this approach to help me find opportunities to enter the markets earlier.
If I enter the markets earlier in the game, it's likely to be after 10+ minutes has been played to see how active or sluggish the game starts.
I've been discussing some ideas on entry and exit times with a couple of other traders this week, which has been enjoyable. As I mentioned in my last blog post, it's good to share ideas with others.
NEC Nijmegen v Jong Utrecht
Dutch Eerste Divisie
I use three or four sources of information when looking at pre-match stats. The majority of them expected goals in this game.
NEC were odds-on favourites priced at 1.33, so I was surprised to see it was 0-0 approaching the 70th minute.
I looked at “Flashscore”, and it seemed NEC were on top. I loaded up a stream on Betfair to observe the game myself and soon after I decided to enter the market, opposing the current score.
Time ticked by, and in the end, it resulted in a losing trade. The final result was 0-0. You can't win them all!
CSA v Fluminense
Brazil Serie A
It was getting late, but while I was preparing for tomorrow's games, I noticed this match was about to start in Brazil. Both teams have "not" scored many goals in the first half, and I considered entering the first half goals market.
While I put the kettle on to make myself a “decaf” cup of tea (as it was late), I decided to back “Under 1.5 FHG”, with the plan to cash out for a small loss if there was an early goal.
After 30 minutes the game was dull, with minimal chances for either side. I decided to remove the liability in case of two late goals before half-time. I now had a “risk-free” trade.
It worked out well as the half-time score was 0-0, so a winning trade.
Fluminense went on to win the game 0-1. It appeared I profiled this game accurately - it must have been the decaf tea.
Ipswich v Wycombe
English League 1
Ipswich were favourites priced at 2.00.
After analysing the pre-match stats, I concluded there would be early goals between these two sides and entered the market in the first half.
The first half ended 0-0, so I stuck to my rules and exited the position with a loss. The final result was 0-0, so I accepted I profiled this match incorrectly. Pre-match stats won't always predict what happens in the next game and I have to accept the variance when trading football.
Grimsby v Cheltenham
English League 2
For this trade, I tried something new. OK, It’s not new; it’s something I haven’t done for some time. I decided to set up Bet Angel to automate this trade. One of the challenges I face is the emotional side of trading.
After reading a lot of trading books, it seems traders hint at using bots to take the emotion away from it all.
I profiled this match between two evenly rated teams, and therefore I was expecting a tight game with a limited number of goals. I decided to back the "unders" market — not something I often do.
I loaded the details into Bet Angel, configured my entry and exit rules and sat in my lounge to watch the Tottenham v Olympiakos game on TV.
When I returned to my laptop, it was pleasing to see it was a winning trade. At half-time, I instructed the bot to cash out for a profit if it was 0-0.
The game went on to finish 0-0.
Hull v Preston
Like with the trade yesterday, I expected this game to make a slow start. I placed my trade backing the "unders" goal market. I established an exit price if I felt the game was looking active.
As it turned out, the game did begin quicker than I anticipated, and the "under" goals market was going up in price and not reducing with the time decay. Witnessing this, I decided to take action and get out of this trade.
At times like this, I have to be flexible and manage my trades and not just sit on my hands doing nothing. It's why we trade and not bet.
This trade returned a minimal profit — nothing too exciting.
West Brom v Bristol City
I spent the morning doing my analysis, and for me, this game was ticking all of the boxes for a lively game, especially for the odds-on favourites West Brom.
I decided to enter the “overs” goal market when the match went in-play.
It went according to plan. West Brom took an early lead, so I was in profit. I removed the liability from the trade and let it run for a bit longer before cashing out.
West Brom scored a second goal in the first half, resulting in a winning trade.
Liverpool v Napoli
Champions League Group Stage
I attached this match to my shortlist to see if I could open a position in the second half.
At half time Napoli, priced at 7.50 before the game, was leading 0-1 at Anfield. I felt confident that Liverpool would get back into this game, so I layed the “under” goal market, needing the one goal.
The goal was scored in the 65th minute, so I removed the liability from my open position. If there were a second goal, it would be a profitable trade.
I felt relaxed as I knew the worst-case scenario is that I make nothing, but potentially a healthy Risk: Reward profit.
It wasn’t to be as the match finished 1-1. I felt OK with this as I believe more times than not, I would have traded the same way based on this scenario. I’d rather have a break-even trade than a red, losing trade.
(Note - It was a small loss by the time my order was matched while exiting the trade, but it was only pennies as you’ll see in the summary below.)
AZ Alkmaar v Partizan Belgrade
Europa League Group Stage
After witnessing Man United lose earlier in the day, the door was open for AZ to top their group if they beat Partizan. When I noticed they were 0-2 down at half-time, I believed they would pull a goal back and get back into the game.
During the second half, I opened a position in the goals market, expecting at least a goal so I can remove my liability but also push on for a second goal to win this trade. I set myself a stop loss should there be no further goals.
As the game advanced, Partizan looked the better team and could have made it 3-0, but that was OK as all I needed was at least a goal from either side. AZ hit the bar, the Betfair “Suspended” notice appeared, but it wasn’t to be. The price had hit my Stop-Loss, so I stayed true to my trading rules and exited for a loss.
Typically, AZ pulled the game back level, scoring two late goals in the 88th and 92nd minute. I expected this, but unfortunatly for me it happened too late in the game to make a profit.
Lazio v CFR Cluj
Europa League Group Stage
I expected to see some early goals between these two sides. Looking at Lazio’s last four or five home games, there’s been at least two goals in the first half. I added this to my notes and decided to trade the first half goals market.
The first goal arrived midway through the first half, which allowed me to remove my liability to create a "risk-free" situation and cheer on the teams on for a second goal.
Half-time finished 1-0, so it was a break-even trade. No loss, but no win either.
Lazio kept their lead and won the game 1-0.
Sevilla v Qarabag
Europa League Group Stage
(Do we call them Sevilla or Seville? They are from Seville, but I’m reading online that it’s spelt Sevilla, with an “a” at the end.)
Unlike the Lazio game, I wasn’t expecting early goals in this match based on Sevilla’s previous form at home. I decided to wait until the second half.
As anticipated the score was 0-0 at half-time. Sevilla, who were odds on favourites priced at 1.36, playing at home was expected to win. They had plenty of possession in the first half. I decided to enter the goals market, looking for a goal. I was confident it wouldn’t end 0-0.
I didn’t have to wait long. Sevilla scored in the 61st minute, and as a result, I won my first trade of the day.
Overall, I placed three trades on Thursday. One loss, One break-even, and finally one winning trade.
The week started with £654.27.
The balance is now £651 (+150% ROI since I started in August)
Well, not the best of weeks. A negative return. I'm hoping the final weekend of November will be profitable and I hit the monthly targets I've set myself.
Stay positive green everyone!
It’s great listening and talking with other sports traders to understand how they trade, their mindset and what they look for when entering and exiting trades. Trading can be a lonely and isolating place, so I like to interact with like-minded people.
If you’re sports trading, I highly recommend following a few traders on social media (but do your due diligence) and start interacting with them. It’s great when you talk to genuine traders and not those who flood social media with profitable green screenshots and try to convince you that they never have a losing day.
Speaking of social media, I’m sure those who read this post are aware of my Twitter account. If you’re not familiar, its @SportsTraydor. Come and say hi!
The International football crept into the midweek, so once again I was limited on how many trades I entered and a reason I decided to write the one post this week to cover both the mid-week and weekend trades.
Here’s how it went.
Sweden v Faroe Islands
Euro 2020 Qualifier
My first mid-week trade. Sweden was clear favourites priced at 1.11 with the bookies. The Faroe Islands, not surprisingly were outsiders priced at 34’s. After analysing the match, I saw that Sweden has played four of the last five home matches that produced first-half goals.
I decided to enter the market midway through the first half and plan to exit for a profit if a goal arrives before half-time.
Sweden scored in the 29th minute to lead 1-0, so my only trade of the day was a win.
Antwerp v Gent
Two evenly matched teams in this game and looking at the form it appears there were goals in the first half in all of Antwerp’s last five home games. This was a good sign for me to enter the market earlier rather than later, but still looking for value.
I placed an order into the goals market, not taking the current asking price, looking for at least one goal to be scored before half-time.
Not long after my order was matched a goal was scored in the 21st minute. Yaremchuk scoring for Gent to take the lead 0-1. A winning trade. The score at half time ended 2-1, so the analysis and my thoughts on early goals in this game appeared to be correct.
Mid-week trading summary
Due to International football earlier in the week, I placed just two trades during the week. Both trades entered in the goals markets and exiting when a goal was scored.
I’m happy with how my pre-match analysis and match selection criteria have been going recently. I’m not naive and understand it’s a small sample size, so I need to take care of my methods entering the markets in the first half, compared to the usual second-half trading.
Shangdong Luneng v Chongquing Lifan
Chinese Super League
My first trade of the weekend. Shangdong were home favourites, priced around 1.22, and the away side priced at 11.00. Shandong sits in 4th and Chongquing in 7th.
With a coffee in my hand, looking at the fixtures and browsing the form, I saw that in 70% of Shandong’s games at home produced a goal or more in the first half. Looking at the more recent form, it’s four from 5, so 80%. Based on the facts, I expected an early goal and didn’t wish to wait until the second half to get involved.
I placed an order into the “overs” market before kick-off. The order was match around the 20th minute. If there was a goal, I’d come away with a winning trade.
The goal arrived after 34 minutes. Pelle getting on the score sheet for the home side. Before the goal arrived, the game was a bit of a stalemate with no chances on goal so I was pleased to see the goal.
I was contemplating on whether I should exit the trade due to the limited number of chances from either side. I’m glad I didn’t and stuck with my plan as this resulted in a winning trade.
Puszcza v Odra Opole
Polish Division 1
Odra Opole finds themselves bottom of the Polish 1st division travelling to Puscza who are not doing much better but in mid-table.
As I have been doing recently, I placed an order in the “overs” market, which was matched midway through the first half.
The goal arrived in the 25th minute, and as a result, it was a winning trade. I’m going to increase my stake to 2% of the current bank now.
Podbeskidzie v Chojnizcanka
Polish Division 1
Podbeskidzie in 3rd position at home against Chojnizcanka who are in an early relegation fight in 17th.
I placed an order expecting goals. The order was matched just after the 20-minute mark.
My first 0-0 at half time for some time and a losing trade. It just so happened to be when I increased my stakes to 2% of the bank. Typical.
Nordsjaelland v Randers
There have been goals before half time in 87% of Nordsjaelland’s home games and 75% in Randers away games, so I felt confident there would be an early goal
I placed an order, expecting goals, which was matched around the 25th minute.
It wasn’t to be and another loss. Typical that I have two back to back losses after I’ve increased my stakes to 2%.
Dordrecht v Telsar
Looking at the stats, 80% of the time there’s a goal or more in the first half when Dordrecht are playing at home. Compare that to 53% of games with a first half goal when Telsar plays way.
I decided to place an order, expecting at least a goal, which was matched around the 20th minute.
A goal arrived in the 25th min, so this worked out to be a winning trade. There was two more goals before half time, so three in total, but only one goal was enough for me.
Lech v Piast
After analysing the stats, I saw that in 80% of the time there’s a goal or more in the first half when Lech play at home. When Piast play away, 53% of the time there's a goal in the first half.
With the stats expecting a goal earlier rather than later, I decided to place an order in the "overs" market.
An order was placed and matched around 25 mins into the first half.
Well, I had to wait until the very end when Lech was awarded a penalty in the 45th minute. The half time whistle was blown by the referee as soon as the penalty was converted and a winning trade for me.
Pescara v Cremonese
Italian Serie B
4th plays 17th in this Serie B fixture. The pre-match stats expected a goal, so it was a game I decided to get involved in
I placed my order which was matched earlier than usual, around the 18th minute. The pre-match “overs” odds were high which I guess means the market wasn't expecting an early goal. I was now in the trade and looking for a goal.
Well, the pre-match odds were higher than usual for goals, and they were right. This game was 0-0 at half time, so I exited for a loss.
Five trades in total during a hectic Saturday. I had family commitments throughout the day, but I managed to find some time to put a few trades on between dropping the kids off at dance, pick up some items in town and watch a Christmas carol performance (yes, I know in November!)
Pordenone v Perugia
Italian Series B
First half trade, entering the goals market midway through the first half.
It never worked out though as there were no goals scored in the first half, so I exited with a loss.
Pordenone went on to win 3-0, so I was right in expecting goals, but they were scored too late for me.
Atalanta v Juventus
Italian Serie A
I was expecting Juventus to be clear favourites for this game but they were priced at 2.50 with some bookies. I looked at the recent form and expected goals.
I entered the goals market in the first half, but at half time it was still 0-0, so I exited the trade for my second loss of the day. Juventus won the game 1-3 away from home.
Weder Bremen v Schalke
After profiling this game, I thought there would be goals. I didn’t feel comfortable waiting until half time to get involved, so I entered during the first half.
I was correct to do so as a goal arrived in the 43rd minute, and as a result, I won my first trade of the day.
Brighton v Leicester City
The score was 0-0 at Half time. I decided to wait and see how the second half started before entering the goals market.
I placed an order, that was matched around the 55th minute.
The goal arrived in the 64th minute, Leicester taking the lead on a wet and miserable afternoon, which was enough for me to make a profit from this trade.
Two win, two losses so far today.
Swansea v Millwall
Like with the Brighton v Leicester City game, I entered the goal market in the second half. The score was 0-0, but I felt a goal was coming. I placed an order that was match around 60 minutes into the game.
I didn’t have to wait long, as Millwall scored in the 65th minute, and so I walked away with a profit from this trade.
I placed five trades on Saturday. Three wins and two losses.
On Sunday, I placed another five trades. This is how it went.
Copenhagen v Hobro
Denmark Super liga.
Copenhagen were clear favourites priced at 1.25 and Hobro playing away were at 11.00. I wasn’t expecting this to be goalless in the first half, so I entered a trade in the “overs” market during the first half.
The goal arrived in the 31st minute, but surprisingly it was the outsiders who scored after they won a penalty that they missed, but then put the ball past the goalkeeper after he made the penalty save.
I entered a second trade in this match. I felt that Copenhagen would pull this back to make it 1-1. I, therefore, opposed Hobro.
Hobro were still winning as the match entered the last ten minutes. Suddenly Copenhagen scores two goals in two minutes and go on to win the game 2-1. A second winning trade for me between these two sides.
Asteras v Volos
Greece Super League
A losing trade. I expected goals, but the first half finished 0-0, and so I exited for a loss. Move onto the next trade. It happens.
CSKA Moscow v Sovetov
Russian Premier League
I expected goals early on in this match. It didn’t go my way, as the score was 0-0 at half time. I exited the trade for a loss.
I looked at the stats and I felt there was going to be a goal, so I placed an order during the second half which was matched around the 56th minute.
It turned out to be the right decision as the goal arrived in the 75th minute, and as a result, it was a winning trade.
Quite a few trades recorded this weekend. Overall, you’ll see below its was a profitable week.
It’s strange as it didn’t feel like a profitable week on a daily basis, so it shows that I need to look at my results weekly or even over a month to get an accurate idea of how my trading is going. There’s a lot of variance in football trading.
This coming week will be the last trading week of November. I’m interested to see how it will turn out and what my monthly P&L will look.
I’m not expecting too much as I missed a week of trading due to the Children in Need mini-challenge, which was well worth it. There’s also been International football which reduces the number of trades being placed. We’ll see, though.
The balance on Monday was £613.28
Balance is now £654.27 (+151% ROI since 1-August-19)
During an International football week, I’m limited on how often I trade the markets using my trading methods. There’s no form to analyse, and it’s difficult to know how motivated the players or coaches will be.
Instead of sitting on my hands, I use these times as a chance to review my trading plan, read articles and watch video’s produced by other sports and financial traders. Best of all is that I spend more time with my family and friends, especially on a Saturday afternoon.
Last week I traded the markets to generate a profit for Children In Need. I used this opportunity to be more aggressive in my match selections due to the time limit I set myself.
One of the methods was to trade during the first half, which worked out well, but at the same time, I’m conscious it was a small sample size. It’s a style of football trading I want to improve, as mentioned in my final post in October.
To help compare my first-half trade results in contrast to my second half trades I’ve spent this week updating my Excel tracking sheet to include additional data. I will then filter this data for further analysis.
I’ll be entering my first half trades using a mixture of form and pre-match analysis although I won’t necessarily open a trade from kick-off.
Instead, I’ll likely wait for the match to begin, so the markets odds increase or decrease in my favour for more value. I might miss out on some potential wins if there’s an early goal, but it’s the same risk with my current second-half trading methods as I prefer to see how the second half starts before entering the markets.
This weekend I entered the Betfair markets just three times, all within the first half. Quality over quantity right? This is how it went.
Croatia v Slovakia
Euro 2020 Qualifier
The home side Croatia was priced at 1.44 by the bookmakers. The visitors, Slovakia were priced at 8.00.
I expected goals between these two teams but I had to decide whether to enter the market in the first half or wait until half time.
Croatia has been involved in matches that produced a goal in the first half in 4 of their last 5 home games. The one game that was 0-0 at half time was against Spain back in 2018.
I decided to enter the market during the first half and exit if there was a goal.
There was a goal in the first half but surprising to me it was scored by the away side Slovakia. Bozenik scored in the 32nd minute against the run of play. I was happy with the result and the winning trade.
Croatia won the game 3-1 with Slovakia having a player sent off in the second half.
Germany v Belarus
Euro 2020 Qualifier
If I’m honest, I didn’t look at the pre-match form and analyse the stats before the game. I was sure this match would produce goals and in particular at least one in the first half.
The goal markets were priced very low as 99.9% of traders were expecting a goal rush. I waited until later in the first half for the price to increase and enter the goals market. I wasn’t sure if I would get into the market as Germany were likely to score sooner rather than later.
I was surprised the score stayed 0-0 for so long, but I’m glad it did as this allowed me to get in the market at a better price.
Germany had 71% of possession and 23 goal attempts when they finally took the lead in the 41st minute. This late first-half goal was enough for me to win my second trade of the day.
Kosovo v England
Euro 2020 Qualifier
Harry Kane is on fire (on the International stage, not domestically) and the England team scored seven goals during the week. The game between these two nations in Southampton (which I attended in person) produced plenty of goals, and I was confident this game would be no different.
My only concern was England have now qualified for the Euro 2020 finals and what would their mindset be? The starting line up included Kane and Sterling which was the deciding factor for me to enter the markets.
I was expecting goals but concerned I might miss out on this trade if I waited until the second half.
I entered the trade around 25 minutes into the game when the goals market was offering value. I was aware that if there was an early goal, it was one of those I’d have to take on the chin and miss.
About seven minutes after entering the trade, I raised a fist in celebration as Harry Winks scores his first goal for England, and I win the trade.
England went on to win the game 4-0 and now wait to see who they face in the tournament next year.
On the subject of the Euro 2020 tournament. Who’s in favour of the games being played across multiple cities rather than one nation hosting the finals? I’d rather see one nation host it.
Three wins from three trades this weekend and all of the profits came from entering the market in the first half. It’s a small sample size, but if goals are likely to come earlier in the match, I’m going to see if there’s an opportunity for me to enter a trade in the first half.
I’ll still wait for the price to offer value which might see me miss out on some potential winning trades, but I believe, for the long term, it’s essential to wait until the price is right. (Hold on, who remembers the game show “The Price is Right”?)
The starting balance before the weekend was £589.76.
Total weekend P&L +£23.52
The balance now stands at £613.28. That’s +135% ROI since the 1st August 2019.
I’m looking forward to trade the domestic leagues again.
I had a somewhat up and down weekend of trading. Most of my pre-match selections seemed to have goals, but I couldn't find an angle to get involved and missed out on some potential wins.
What made it worse for me is that I was trading and trying to make as much profit as I could for Children In Need.
Because of this deadline I set myself, I started to enter some trades earlier than I usually do, in the first half, because I only had a week for this mini-challenge. I couldn't be as conservative as my regular trading style.
mentioned in a recent post in October that I wouldn't enter trades in the first half before I paper trade them. Well, based on some of the results this week, I need to consider it.
Here's how it went.
Vitesse v Groningen
Vitesse was losing at home. I looked at the stats and expected them to at least pull it back before the final whistle.
They didn't convert their chances, and no more goals arrived — a losing trade.
St. Golloise v Westerlo
Home favourites were losing in the second half. Their home form has been impressive, so I decided to Lay Westerlo. I don't usually lay a particular team, but I felt St. Golloise would get back into this.
I decided to cash out at my pre-defined stop later in the game for a break-even trade, or small loss by the time my orders were met.
Friday wasn't the best of days. One loss and one (kind of) break-even trade.
Erzurum v Akhisarspor
Turkey 1. Lig
Erzurum has been flying at home, so when I saw they were level 0-0 in the second half, I decided to oppose the current score.
Frustratingly for me, there were no goals, and the match ended 0-0.
Wisla Plock v Cracovia Krakow
Profiling this game, I expected goals. Wisla hasn't maintained a clean sheet in the last three games and has been involved in matches producing over 2.5 goals five times in the previous 7.
Cracovia Krakow has won their last three games. So I decided to oppose the current 0-0 scoreline in the second half.
Like with the trade earlier, it finished 0-0. Arrgh! So many losing trades!
Sivasspor v Konyaspor
Turkey 1. Lig
Sivasspor have been playing well at home, and after looking at the stats midway through the second half, I decided to oppose the current 0-0 score, expecting a goal.
At last, a winning trade. The goals came in the 80th and 89th minute with Sivasspor winning 2-0.
Valencia v Granada
With the game still 0-0 in the second half, I waited for the price to decrease before opposing the scoreline.
It worked out to be a winning trade with Valencia scoring in the 74th minute and then a late goal in the 97th minute, but I only needed one goal to win this trade.
Ballymena v Carrick Rangers
Late in the second half home, pre-match favourites were losing 1-2 at home. I believed Ballymena was going to get back into this game and level the score.
Well, it never happened. The score stayed at 1-2, so I lost this trade.
Charleroi v Eupen
With the score 0-0 and the stats seemed to expect a goal was on its way, I opposed the current score in the second half.
I had to wait until the 83rd minute to win this trade. Charleroi went on to win 1-0.
Monaco v Dijon
This was one of the first trades of the week entering the market in the first half. I was expecting goals in the match, so I decided to enter in the first half and win if the first goal arrived in the first half.
It worked out with Monaco scoring in the 42nd minute. Nice first-half trade and due to this, I stuck with it for some future trades.
Sittard v Den Haag
Like with the Monaco game, while profiling this match, I expected goals. Rather than wait until the second half, as I usually do, I entered in the first half looking for an early goal.
This was another successful first-half trade. Sittard scored in the 40th min.
Heracles v VVV Venlo
I am sticking with the plan to enter the trade earlier than usual. This trade also worked out well with a goal in the 22nd minute.
I expected goals in this match, and I profiled it well as Heracles went on to win 6-1. Glad I didn't wait until the second half to get involved, or I may not have found a way to trade this match.
Napoli v Genoa
My first loss of the weekend while using the strategy to enter a trade early. I expected goals in the game, but it was 0-0 at half time, so I cashed out for a loss.
Lille v Metz
With the score 0-0 in the second half, I decided to use my second half methods and oppose the current score.
The stats looked in my favour, but the game somehow finished 0-0, so it was a losing trade.
Napoli v Genoa
It's not a typo; I did get involved in this match again. I watched the game and thought a goal was going to arrive in the second half. I went back to my second half method and opposed the 0-0 score.
Hmm, well that didn't work, and it ended 0-0.
At 11 am on Remembrance Sunday, I spent two-minutes in silence to remember the brave men and women who sacrificed a great deal so I can live today, doing what I do, including such things as sports trading.
The last day of trading to make a profit for Children In Need.
Cagliari v Fiorentina
Back to the method to get into a trade early. The available matches to trade for the final day of my mini-challenge were running out so I couldn't wait to see if I could enter in the second half. I expected an early goal.
The goal arrived after 17 minutes, winning my trade. Cagliari went on to win 5-2.
Lazio v Lecce
This would be my final trade of the day and of the weekend. I entered earlier in the game, expecting a goal and it worked out. Lazio scored in the 30th minute and went on to win the game 4-2.
The mini-challenge has come to an end. I totalled up my P&L for the week. The good news is I made a profit. The bad news is it wasn't anything significant.
I started the challenge with £200 on Monday.
The final amount was £228.10.
I made a profit of +£28.10, from the midweek trading and this weekend which is a return of 14% on the starting balance.
I wish I had won a lot more. I would have liked to get 50%+, so £100+ in a week, although that might seem too unrealistic or aggressive. Maybe in hindsight with only one week of trading to make a profit, I should have increased my stakes so the wins would have been more significant.
I'm going to be setting myself some more challenges in 2020 to try and raise a lot more.
I'll be withdrawing the £228.10 from my Betfair account, so I only have my main balance in there. I'll be sending the £28.10 to "Children in Need" this week - and I'll be donating some more myself.
I'm going back to trading my regular account this week. Unfortunately, it's an International week of football fixtures, so I'm not expecting too much activity.
I've been away from the laptop quite a bit recently so just the one post this week.
I have some news. I have set myself a mini-challenge, and because of this, I have paused placing trades with my main trading bank!
Wait; what, why?
Hold on there's a good reason. Children In Need is next week, so I had a thought and decided to deposit an additional £200 into my Betfair account and trade this balance for a week. All profits will be donated to Children In Need. I may not earn much of a profit, or any profit at all, but anything I do make over the £200 will be donated.
This week-long challenge away from my usual trading may impact the "potential" profits in November, but I feel it's well worth it. I hope I make enough to donate!
With little time in front of Trading HQ (aka my laptop) there's a lack of detail for my trades this past weekend but here's how it went.
A new month, full of optimism and as I have mentioned in my last post, I aim to use between 2 and 2.5% stakes.
Barnsley v Bristol C
This trade was a scratch trade or a small £0.15 profit to be honest, on the under/over 2.5 goals market.
Bohemian v Slovacko
Lost this trade. -£10.56
Overall Friday was a negative P&L. Not a great way to start a new month.
On Saturday morning I watched the rugby final with some friends. I don't want to remind myself about the result, but if I'm honest, South Africa deserved to win. England didn't turn up.
In the afternoon I went to see Cambridge Utd v Crawley Town with my Sister. She offered to drive this time, so I managed to place some trades on my phone during both legs of the journey. Cambridge Utd went on to win 2-1, and no I'm not a Cambridge Utd supporter, I like to visit various grounds and watch all levels of football.
Hammarby v Hacken
I won this trade +£5.41
Bologna v Inter
An excellent winning trade opposing the score when it was 0-0 +£11.76
St. Gallen v Sion
Swiss Super League
Small win +£5.39
Saturday's profits helped to make up for the loss on Friday.
Admiral v Hartberg
I won this opposing the 0-0 scoreline +£11.76
Basel v Xamax
Swiss Super League
I lost this trade -£12.00
Porto v Ave
Another loss on Sunday -£12.00
Braga v Famalicao
The last trade of the weekend returned +£13.73
Overall the weekend P&L was profitable.
In parallel to my Children In Need trades, I entered one midweek trade in the market. It was the Silkeborg v Brondby game. Unfortunately for me, the only midweek trade using my main trading bank was a loss of -12.00.
I started November with £588.12
P&L last weekend and Monday was +£1.64, so a little over break even.
Current balance is now £589.76 (ROI 126% since 1-August-19)
Children In Need Challenge
Between Monday 4th November and Sunday 11th November all profits from my (additional) £200 trading bank will be donated to charity.
These are the results so far.
P&L so far is +£30.83. Currently up 15%
Let's see where I finish on Sunday. I will try my best to secure a profit!
I anticipate being in front of the laptop this weekend so I can capture more details regarding my trades.
"Trading sports online is to back (in favour) a team or individual and then lay (oppose) at a lower price (odds) for a profit before the sporting event finishes. Alternatively lay (oppose) a sports team or individual and then back at a higher price (odds) for a profit." - SportsTraydor.