February wasn’t a great month for me. Don’t get me wrong, it was OK as I made a profit, but it wasn’t the gains I was looking to achieve. Each month I attempt to earn 10-15% a month so let's see how March goes.
With all the news about Coronavirus, I wonder if it'll ever impact the football matches being played in the UK as it has done in some other countries?
It's the Cheltenham Festival next week. I saw there's a market on Betfair on whether it will go ahead. Will it?
Tottenham v Wolves
Tottenham is without their two main attackers in Harry Kane and Son, so when I saw a strong Wolves team priced so high in the “Draw No Bet” market I saw this as value and placed more than my usual stake amount.
I managed to remove most of the liability before kick-off when it was announced Hugo Lloris was out with an injury. The money on Wolves steamed in, so I removed the risk from my trade.
The final score finished Tottenham 2-3 Wolves. Tottenham gave up a 2-1 lead to a strong Wolves side, so this was a winning trade to start a new month. It was a decent return, as well.
Benfica v Moreirense
With the score remaining 0-0 during the second half, I placed two orders in the over goals market. I was confident this match wouldn’t end goalless.
Both my orders were matched before Moreirense took a surprising 0-1 lead and I decided to cash out for a winning trade.
Betfair seemed to have some issues with the markets staying suspended for about 20 minutes. I was glad I managed to cash out when I did as I heard on social media a few sports traders got caught out with this issue.
Benfica scored in the final minutes to make it 1-1.
Cracovia v Wisla
I decided to back over 1.5 goals in the second half with the score still 0-0.
When Wisla took the lead in the 55th minute, I removed the liability, creating a risk-free trade. The second goal arrived, making it 0-2, and as a result, this was now a winning trade.
Dundee v Alloa
I was surprised to see the score was still 0-0 in the second half, so I entered a couple of orders in the over goals market.
Time went by, and there was still no goal. In the end, sticking to my trading plan rules, I exited the trade before the final whistle for a loss. The match ended 0-0, so I was happy I exited the trade when I did.
Today saw one win and one losing trade.
Leverkusen v Union Berlin
DFB Pokel (German Cup)
I wasn't in front of my laptop to write down my thoughts for this trade, but I recorded a winning trade in the over 1.5 goals market.
Rangers v Hamilton
This was a scratch trade. I removed my liability in this over 1.5 goals market trade when Hamilton took a surprising lead. The match finished 0-1. I didn't win, but more importantly, no loss.
I started the week, and the start of a month, with £911.10
The balance is now £981.17. Ooh, so close to £1,000, which will be an excellent achievement since starting this journey in August with a £260 trading balance.
This week turned out to be a great start to March. The Spurs v Wolves trade on Sunday contributed a lot to the amount earned, but I'm pleased I'm back to winning way with only one loss in six trades. An encouraging start.
"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.