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.