A new week, a new month and so I’m putting the loss from the weekend behind me.
Monday and Tuesday - No Trading.
Genk v Napoli
After some crazy results in the Champions League last night I wasn’t too sure it was a good idea to enter the markets for tonight’s games. But you couldn’t stop me, and so this was one game I decided to trade.
The score was level at half time. A quick look at the stats and it seems Napoli have either won or lost away from home in recent times, and so I was expecting a goal, regardless if they score or concede. Looking at Genk's form, they have had just the one 0-0 in the last ten home games. This pre-match form along with plenty of attempts on goal in the first half, means I was expected goals.
Well, not the confidence booster I was looking for after the weekend. My pre-determined stop price was met, and so I had to stay disciplined and exit the trade for a loss. I'm glad I did though as the game ended up staying 0-0.
Barcelona v Inter
No problems trading this one. I was confident there would be goals in this game especially when I notice Barcelona losing at home. Either they're going to score or concede while pushing forward for the goal. Therefore, I opposed the current score.
This trade worked out well — Suarez with the equaliser in the second half and a winning trade.
Wednesday finished one win and one loss.
This trade was a bizarre one. Late on Wednesday night I shortlisted a Korean K-League game. The game was starting at 8 am in the morning. I took the kids to school, returned home and made a cup of coffee then sat down in from of my laptop to look at the stats. Here's what happened.
Gyeongnam v Jeonbuk
Jeonbuk sits second in the K-League and has an impressive away record. At 0-0, I felt this was a game to get involved in as I expect goals. I enter the trade, opposing the score, and sit back and let the market do it’s thing.
It wasn't long until the goal arrived and there was a nice win to start the day! Well, at least that’s what I thought!
I was a little confused as the Betfair market for the under 0.5 goals wasn't suspended or even closed. If people were not aware of the current score, they could still trade the market even though the score was 0-1. I felt OK about it as my trade was matched before the goal and I had won the trade.
After the game, I noticed that the winning funds were not in my account. After searching around my Betfair account, I saw they had flagged the trade as "void". Huh? Why? I posted a tweet to Betfair Customer Care.
I browsed social media and saw other sports traders tweeting they were having the same issue. Dionysios @bettingMayhem was experiencing the same issue. It was crazy!
Why was I being punished because Betfair were not managing the markets correctly and more to the point, how was my trade "unfair" when I entered the market before a goal had been scored?
I sent Betfair a Direct Message and provided them with supporting information such as the time of my trade, and the transaction ID. I then waited....and waited and continued to wait.
A few hours later, I was checking my Betfair account and, to my surprise, Betfair has now given me my winnings on the K-League game. I guess they admitted they were being unreasonable and honoured my winning trade. So, in the end it worked out - but damn, it does raise some eyebrows. What if I had not contacted them?
Moral of the story - Make sure I take a screenshot and keep a record of the transaction ID in case I need it as a reference!
Not many trades this week as I was away Monday and Tuesday.
I started the week with: £504.27
Mid-week P&L +£4.93 (Woah! you slow down there Craig!)
Current Balance is now: £509.20 (+95% ROI since 1-August-19)
Oh, one last thing. Betfair contacted me about changing my plan with them. I chose the "Basic package" which means I now pay 2% commission instead of the 5%. I don't get all the free spins, this offer or that offer - but I prefer to spend less commission.
"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.