Tonights results

Well, there the last races of the day were later today, so I got to trade on a couple. I would have got onto more but my wife has become addicted to Facebook and I couldn't get her off the computer! I didn't do bad, but I didn't do great either. The first race, I ended up taking a small loss and the second a small profit, so I pretty much stayed where I started. On the second one I had built up a few quid from repeated trades, just taking a tick here and there, but the price was pretty high and so the green up amount was low. I thought, as it was the favourite, it might lower in-play. Nah, it went out the running pretty quick and I struggled to get anything. A lesson against being greedy. Lots of people have said, not to go in-play, even if it is to green up and that is a good example why. Still, if I hadn't been greedy I would have got a better price in-play, if I had got out sooner. Though hind sight is a wonderful thing with 20/20 vision!

There was no in-play football on in time for me to get in at the start, which is part of my plan. So, not a lot happening again. I need to make up for it this weekend.

First touch at football

After getting home, giving the little one his bath and dropping the missus off for her company night out, I had missed the last UK horse race. No way I was touching the US market, so I decided to take Stan's advice (Stan is a regular contributor, via insightful comments, to the blog) and give the football markets a look. I'm not a big watcher of football and I play like a 4 year old, so I don't know much about the game, teams or market. Then again, I don't know much about jockeys, horses or racing but that doesn't stop me trading the horse racing markets, as I am only interested in the movement of prices not the fundamentals (i.e. form, etc). So, feeling a little trepidation, especially because the football was in-play, I checked it out, using small stakes and the same kind of approach I use for the horses.

I came out with a small profit but I think these markets can turn on a hap'enny, if something happens, e.g. a goal is scored. So, I can see it as a risky market but also one that is fairly liquid and seemed to be trending quite clearly. I'm not sure what I'm going to do, moving forward. I don't dare to use bigger stakes on this market as I don't understand the risk levels yet. It may be an option though. I wasn't able to see the game I was working with, which I guess is pretty important, so as to use events happening as guides of what to do.

As a newbie to the football market, I am open to any advice.

I tell you what, I'm going to annoy the missus when I tell her that the weekends are now being totally put aside for horse race trading!