Friday, 19 October 2012

Cashing out and topping up

This last week of football has been pretty dire. Regular followers of this blog will know how much I despise the international breaks, especially when the Premier League is just kicking into gear. Finally the domestic action is back and tomorrow starts with what should be a cracker from the Lane, and my money will be on Spurs, for what it's worth.

This week I have been exiting a number of trades, while topping up others and entering one more. As previously stated, Norwich and Spurs have both done enough for me so I exited the trades which involved them. On the Norwich to be relegated bet I traded out for around £31 on both scenarios for a 37% profit, which I was happy with given that my target was 10%. The 'Spurs to finish top 6' and 'Norwich to finish rock bottom' bets I took my stake back from, but have left the profit on one side for now and will look to even it up at a later date. I reduced my liability on the Fulham top 10 bet by 50%, and will look to take a full profit of around 25% in the future sometime.

After much umming and ahhing, I have decided to top up on my Arsenal top 4 lay rather than take a loss at this time. After studying recent years and talking to others about the trade, I think it is unlikely Arsenal will remain as low as 1.5 all season, so I think the right thing to do is to lay them further, leaving my liability on the trade around £184. I mentioned before that I was looking to find a way to oppose Chelsea, and I have decided to lay them for the top 2 at odds of 2.2 for £121. I didn't really have a great deal of choice on this one, seeing as the winners price of 4.4 is far to high for me to take on, which really only left this market and the 'winners without the top 2' market. Liquidity is a bit of an issue and this led me to take a price slightly higher than I wanted, but hopefully it will be okay when it comes to trading out. I also topped up £25 on the straight forecast bets, leaving my liability on that market at £175.

I don't have a great deal else to report today as the week has been largely dull, but I am looking forward to seeing how these new trades perform. Have a good weekend.

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