Sports Trading Diary Entry 1 130312

Sports Trading Diary Entry 1 130312

Daily update of my sports trading progress.

I started sports trading (mainly football matches) on Bet Fair at the beginning of February 2012. I missed out on a fabulous offer for new sports traders to get a free £25 bet – the first time they start sports trading on Bet Fair. So to make sure you don’t miss out on this wonderful offer;

Claim a risk free £25 free bet at Bet Fair, click Bet Fair £25 bet. Make sure when you join the site, that you use or see the code HU4XE6MTR in the relevant voucher area to get your risk free £25 bet.

If HU4XE6MTR doesn’t show in the relevant box when you are filling in the joining page, you might not get your £25 free bet and that would be a shame to miss eh?

Ok, so Monday the 12th March was a strange day for me. The first proper day of my sports trading strategy – the first day of me updating this area of the site in my sports trading journal.

I started the day with £109.93 and ended the day with £114.74 – a profit of £4.81.

This doesn’t show the whole picture though; on the last two trades of the day, after following my new sports trading strategy to the letter, I had two trades that fulfilled my criteria of being ‘dead certs’… Whilst the trade was open, something else happened in the match that lowered the odds even further, meaning a potential greater profit – almost guaranteed…

That’s the problem though, almost guaranteed is a word the law of sod loves to play with, and would you believe it, I ended losing both these trades. I could have closed these two open trades 2 to 3 minutes before things rapidly changed in the market and had made a big profit on them. Instead I was greedy and stayed in too long.

Lesson learned, even for my ‘dead certs’ I will treat them in the same manner and use the same strategy when they ‘come off’.

Sports Trading Diary Entry 1 130312