Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Sunday, 2 September 2007

Greedy boy gets nothing

Well, I got a few horse racing trades in but the trades that have hacked me off, mainly due to not learning the lesson of not being too greedy is one of the football matches I traded on. I traded on Almeria v Valencia. I checked out the stats and saw that they had no score when they last met and expected the under 2.5 goals to drop in price, so I backed it early, then layed it after 10 or so minutes. I then attempted to scalp some ticks, laying first, in case a goal was scored. Whilst doing that, a goal was scored. The market suspended and when it re-opened the prices had shot up and I was able to close the trade out for a nice profit. This is where I then got greedy. I thought the game would continue and end up at 1 - 0 or 1 - 1 maximum, so I left my "free bet" as it were, and moved on. The game ended 2 - 1, so I got nothing. I could have greened up and come out nicely. Nope. I was greedy. Hopefully, I have finally learnt that one. It's a funny old game.

Friday, 31 August 2007

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.