Yes!! Well done England who are on their way to the Rugby World Cup final. What a game against a tough New Zealand side. I have to admit I cheered somewhat loudly when we scored the first try. I'm not sure the neighbours appreciated it unless they're rugby fans. I'm looking forward to next Saturdays final against South Africa.
First of all, I didn't trade the Southampton v Leicester City game on Friday night. I was contemplating the over 8.5 goals from the start, but I decided against it. Okay, okay, of course, I wasn't thinking of the over 8.5 goals market. What a crazy result, though!
Esberg v Midtjylland
Midtjylland were odds on before the game. When I saw they were level at half time, but with 70% possession, I decided the enter the market, laying the Under 1.5 goals.
The first goal arrived in the 56th minute for the home side, so rather than cashing out I removed some of the liability as I believed there would be another goal.
It was the correct call to make as the second goal was scored in the 67th minute. Midtyjllan levelled making it 1-1. A winning trade to start the weekend.
The final score was 1-2, with Midtjylland getting all three points.
Nancy v Lens
French Ligue 1
I went against my pre-match selection criteria on this one, so maybe some might say I deserved to lose the trade. I was studying the in-play stats and thought there would be a goal.
I layed the goal market in the second half. The odds were below evens, so my liability was lower than the potential profits, so when the game finished 0-0, although it was a losing trade, it wasn't a significant loss.
I "must" stick to my match selection!!
Jeonbuk v Seoul
Korean K League
While the rugby was on, I remembered I was to put a trade on this Korean league match. It was just silly as I was engrossed in the rugby match on TV, but I didn't want to miss out on a potential trade I had shortlisted. What made it worse is that I over staked the trade.
With the score 0-1 to Seoul at half time, I felt Jeonbuk, being odds on pre-match favourites, priced at 1.55, would get back into the game. I opposed the score but made sure I set myself a stop loss if no goal arrived.
As it happened, no goal arrived in time, and the price hit my stop, so I exited the trade for a significant loss - due to the increased stake. Typically a goal was scored minutes later, so this was a kick in the teeth - but hey, at least England won in the rugby.
After watching the rugby, losing my first trade of the day and taking the dogs for a walk across the fields, I was back at trading HQ - aka my laptop and monitor, ready for some more trading.
Sundsvall v Heisingborg
Sundsvall was priced at 1.50 before the game. After studying the stats, following my selection criteria, I anticipated goals in the game. At half time the score was still 0-0. I decided to enter the market, still expecting goals, so I layed Under 1.5 goals at odds of 1.85.
The first goal didn't arrive until the 82nd minute. I wasn't expecting another late goal, so I cashed out for a small loss.
Well typically, there was a second goal in the 85th minute and then a third in the 86th minute, with the game ending Sundsvall 1-2 Helsingborg. Oh well!
Lecce v Juventus
I marked this as a game that Juventus should win easily. When I saw that it was 1-1 in the second half, I was expecting another goal. I opposed the current score and entered the market.
I was watching the game on the live stream, willing the players from both sides to get another goal, but it wasn't to be. The match finished a surprising 1-1, and so this was my second losing trade of the day. For the Lecce players and fans, this point felt like a win.
Schalke v Dortmund
There isn't much to say with this. I was reading some comments online about this game, and many people and fellow traders were expecting goals in this game, and I felt the same (or maybe even persuaded or feared missing out?).
I opposed the current 0-0 score expecting goals. With the time advancing, it was looking like it would end 0-0 and that is what happened. This resulted in a losing trade.
Preston v Blackburn
I decided to dutch the correct score when I saw Blackburn take the lead 0-2 in this game. Preston's form at home has been excellent, so I expected them to score and get back into the game.
When Preston pulled it back to make it 1-2 in the 53rd minute, I waited a bit longer before removing the liability. It meant I reduced my potential profits, but becomes a risk-free trade.
I'm glad I did as Preston pulled it back to 3-2, scoring in the 65th and then taking the lead in the 82nd minute, which wasn't a score I selected in my dutch trade. This was a winning trade to help make up from the two earlier losses today.
Lille v Bordeaux
French Ligue 1
Lille was winning 1-0 but after analysing the stats, it appears there could be more goals. I entered the market opposing the current score, expecting a goal or more.
Lille made it 2-0 in the 62nd minute. I cashed out for a win. Lille went on to win 3-0.
Piast v Korona
With the away team named Korona, it just made me feel thirsty.
So like with the Lille game, I felt there were more goals in the game. Korona's away form hasn't been great, and they find themselves at the wrong end of the league table.
The score was 0-0 at half time, so I entered the market, expecting more goals
When the goal arrived early in the second half, I decided to remove the liability and create a risk-free trade. There were no further goals, so it was a scratch trade - or a minimal return.
Waragem v Oostende
Belgium Jupiler League
Late in the second half, I opposed the current score, laying under 1.5 goals.
The first goal came in the 80th min so I removed the liability to create a risk-free trade. The second goal arrived in the 87th minute, so this turned out to be a winning trade.
Montpellier v Angers
French Ligue 1
The in-play stats suggested there was to be at least a goal in this game. The issue with this is I didn't check my pre-match trading rules to make sure it was the right trade to enter.
In the end there were no further goals and the game finished 0-0. This was annoying as I didn't follow my rules.
When will I learn?
Overall a negative day and I felt worn out from it all. I initially thought I had an okay day, but then I recalled when typing up my notes, the silly trade from the morning that put a significant dent in the returns. Over staking and being occupied is never a good thing. I'll learn from it, though!
Western Utd v Melbourne City
Melbourne City was winning 0-1 at half time. I looked at the stats and felt the home side were not being dominated and Western United, playing at home, could get back into this, so I layed Melbourne priced at 1.45.
Sitting down to watch the second half, Western United hit the post early in the second half. Ooh! So close! Then moments later, they were awarded a penalty that they converted to make it 1-1. I gave it a minute for the markets to settle and then cashed out for a profit. A winning trade to start the day.
Wales v South Africa
Rugby World Cup.
I know, what's this? A rugby trade? Well, this is SportsTraydor, not football traydor. I concentrate on football, but when I see an opportunity in other sports, I'll enter the market.
South Africa had a small lead during the first half. I thought their price was too low and I layed them priced at 1.32. In the second half, the score was level at 16-16. I wasn't sure which way the match was going to finish, so I cashed out for a profit.
South Africa went on to win the match and play England in next weeks Rugby World Cup final. (Come on England!)
My following trades on Sunday were entered while I was away from my trading desk so I'll summarise them.
CD Santurtzi v Real Sociedad III. The stats showed there was likely to be goals in the game so I entered the market when it was still 0-0.
This trade worked out as the match finished 1-1 and was a winning trade.
KC Krasnodor (Res) v FK Orenburg (Res). Some obscure youth game in Russia but the criteria was in line with my trading plan. The liquidity wasn't an issue as I am not entering with significant stakes. The score was 0-1, and I expected the home team, who was pressing for a goal, to draw level. It never happened and was a losing trade. The home team missed a penalty in the 65th minute, so that was a tad annoying!
FK Makedonija v Shkendija. This was another game that met my criteria.
Hey, you can see I'm opening up to the global side of the game, and not just the significant European leagues! I know when I increase my stakes, this won't be possible.
This match ended up being a losing trade. According to the stats, I thought there would be more goals in the second half, but there wasn't, and the game ended 0-0.
KFUM Oslo v Kongsvinger. Midway through the second half the score was still 0-1. I was confident Oslo, the home team, would get back into this game so I entered the market. It wasn't to be, and they ended up losing 0-1 at home — a losing trade.
Lyngby v AC Horsens. A game in the Danish Super Liga. Lyngby was losing 0-1 at home. I decided to lay Horsens priced at 2.01, expecting Lyngby to get a goal back, and maybe a winner. They did score! Rather than hope or wish for another goal, I decided at the time to cash out for a profit.
The final trade of the weekend was Lokomotiv v Spartak Moscow. Spartak was winning 0-1 and priced at 1.55. I thought this was offering some value as I expected Lokomotiv to draw level. Well, it didn't go to plan, and in the end, Spartak won the game, and so it was a losing trade.
Overall Sunday ended up being a slightly profitable day with four wins and four losses.
I'll have to look back but I believe this is one of the most unsatisfactory weekends of trading since I started the blog. I'm not naive and recognise there's going to be times like this. I will stick with it and look at the longer-term outcome. The bank is in profit and still intact. Nobody said this was going to be easy, right?
I started the weekend off with £595.92
Weekend P&L -£16.60
Balance is now £579.32 (123% ROI since 1-August-19)
I’ve been chatting to some fellow traders in the past week or two and some have suggested using a points system rather than the £ amount. It might be more relevant to others if I use +/- points, so it’s something I’m considering. I'd like to hear your comments on this?
As I have said from the beginning, the purpose of my blog is for me to look back on for my own reasons, but if in addition to this it helps, or is enjoyable for others, then that's good to know.
"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.