The build-up to Christmas is underway. Presents bought, work commitments are close to complete before I take a couple of weeks off for the holidays and tickets purchased to watch the new Star Wars movie at the weekend.
With such a hectic (but fun) time over Christmas, I wonder how many football trades I'll open. I still desire to achieve my monthly goal of earning a 10-15% return on my balance recorded on the 1-December.
Here's how my mid-week football trading went.
Crystal Palace v Brighton
I kept an eye on this game, watching to see if I could Lay the Draw during the second half. When I noticed it was 0-0, I placed an order in the market. The order was matched a few minutes later.
Brighton took the lead, gaining a one-nil lead. As there was a lot of time remaining in the match and Palace were at home, I decided to "cash-out" rather than remove the liability in this trade. I could see Crystal Palace equalising before full-time.
Palace did just that, making it 1-1. It was an excellent decision to cash out instead of just creating a risk-free trade.
In recent history, very few games in the Bundesliga have finished 0-0, so I was scanning the evenings Bundesliga matches for opportunities to oppose the score or Lay the Draw at 0-0.
Union Berlin v Hoffenheim
The score was 0-0 at half-time, so I placed an order to Lay the Draw in the second half at 2.50. I had to wait approximately ten minutes for the order to be matched.
The goal then arrived in the 56th minute when Hoffenheim took the lead. I removed the liability from the trade rather than cashing out. The risk of doing so is the match could end a draw, so it becomes a scratch, no win, trade. If there's a winner, then my returns have increased.
Hoffenheim scored in the last minute to make it 0-2, so it remained a winning trade.
I was watching Dortmund v RB Leipzig on BT Sport. I wasn't trading the game, but it was great to watch. It was 2-0 at half-time then Leipzig pulled it back to 2-2. Sancho made it 3-2 for Dortmund only for Leipzig to make it 3-3. Plenty of goals to relish for the neutral.
Barcelona v Real Madrid
The "El Clasico" was on Premier Sports, so I hunkered down on the sofa not expecting to trade the match unless there was an opportunity in the second half.
Real Madrid started well, but the score remained 0-0 at half-time. Here's a stat to share. The last time a match finished 0-0 between these two giant clubs was 17 years ago back in 2002. So can you guess what I did here?
I opened an order in the market to Lay the Draw at odds of 2.50. Surely there would be a goal in the game?
Well, that didn't go to plan. Surprisingly, the match finished 0-0. I wonder how many other football traders expected this El Clasico to remain 0-0? I was frustrated, but I would say eight out of ten times I would have traded the same way, assuming there'd be a goal.
Not many trades placed this week as hardly any matches met my pre-match criteria and made it onto my daily shortlist. I then wait for the games to go in play and look for an angle to enter the market.
I started the week with £769.75
P&L for the mid-week trades: -£5.39
The balance is now £764.36
Unfortunately, the mid-week trades resulted in a negative return. I'm continually looking at ways to improve as a sports trader. Something is clear, which is I need a better strike rate with the Lay the Draw method, or I need to enter the market with lower odds, reducing my risk. I won 2, lost one, which is a 66%-win rate, but I still finished with a loss.
It's something I need to adjust over the weekend.
Happy sports trading everyone.
"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.