I traded one race yesterday but thought the race had been cancelled so I didn’t check my Betfair account. I was pleased to see today that I was mistaken and my massive £0.07 profit from the race was there today.
I’ve included yesterdays race in today’s P&L, it gives me a much better profit total (4.5 x in fact). Today was ok except I left my trade in the 15:10 Pontefract in too long again, as it went against me.
The only other notable race for me was the 16:30 Brighton and because of my cautious style I exited, and deep down new it, far too early.
The trend of the selection I was trading was up, up, up! As the odds came down, very slowly, I placed a lay entry at 5.1, the lowest the odds achieved before it went in play. I traded out at 5.4 after the market hesitated at 5.4 – 5.6 and after I traded out the odds didn’t stop until 6.6, b****y marvellous! Not to worry that race profit of 20p turned the day into profit.
So I managed a 2p profit on the day, 9p with the race yesterday that I thought had been cancelled.
I don’t usually trade at odds over 6.0, though I will be doing so soon, but as there were a couple of races with the favourite higher than 6.0 I decided to trade the place market in the 16:00 Brighton. A reasonable success but I suspect that I would need to watch the markets longer to see how they react. I guess it was just beginners luck.Catch you all soon.
Cheers
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