Saturday, 10 November 2012

Work, text betting and profits

I apologise for the lack of posts recently, but I have been pretty busy at university recently. Being in my third year, things are starting to get a little bit tough so time for trading and blogging has been a tad limited. This is something I was prepared for however, and is exactly the reason I have embarked on my newer challenge of making a profit from the long term markets as it suits my situation better. Despite this however, I have been making bits and pieces over the last few weekends, taking a total profit of £24.41. The initial difficulty I was facing with trading this season is beginning to ease up a bit for a number of reasons; I am beginning to get back into my old ways and have adjusted my staking plan so it is more effective; There is more form to choose from now and trends are starting to shine through; I have had the last few weekends free for a bit of trading. The point about trends is the most crucial I feel, as this is something which bears a lot of weight on how I trade. I am a bit of a stats man, and I will do research on trends in goals, form, teams playing at certain places and so on, so the fact that I now have some data to work with is extremely helpful, and ensures I am not just guessing, as many are at the start of the season.

My bets in the longer term markets are shaping up nicely also, particularly as Chelsea and Arsenal are beginning to slip as I predicted. I will remain in my Chelsea trade for a while yet, as I think that their 'poor spell' is just beginning and they will begin to drop off over the Christmas period due to their small squad. At present they are still at a respectable 2.04 to come in the top 2. In my top 4 trade, Arsenal have been woeful as predicted and it is the time of year when Wenger's head is being called for, but their price is being held low by the torrid performances of their closest competitor: Spurs. I have previously expressed my reservations in putting my faith in Spurs and they have proceeded to throw away numerous chances to pull away from Arsenal in the league. Despite the anarchy in the Gooner camp, they still remain at 1.82 to finish in the top 4. I think I have decided that if Arsenal beat Fulham today and Spurs lose to City tomorrow, then I am getting out of this bet. I will instead swap my stance to laying Spurs, as they have a particularly nasty month coming up.

I tried out Paddy Power's text betting service this week, as I was using it for matched betting purposes, and I was impressed with how easy it is to now make a bet. This is of course likely to be highly detrimental to the addicted punter who can't find a bookie or a laptop, but for everyone else it is a stupidly fast way of placing a bet. By texting '50 Man United Teletext' I had put on a £50 bet for United to win, which was confirmed by an automatic reply text. The only problem with the service is the inability to peruse the odds and find a bet one might like, meaning that you are blindly choosing to back a team without knowing the odds. In order to find the odds, you could obviously go online on your mobile but then why would you not just place the bet online? I think the service is a good idea, but very gimmicky and unlikely to be used too much once the novelty has worn off.

Bet365 returned their famous £50 free in-play bet this week and it was as good as ever. I managed to match the bet to take a £35 profit, while taking a £32 profit from matching my text bet at enhanced odds. I won't put matched betting results in the P+L as I don't think it really counts as 'trading', but I'll keep you updated on what I do do so you know where to look for the latest offers. Paddy Power are offering enhanced odds on certain bets on your first text bet (up to £50), so look out for those to take a small profit, if you haven't already.

That is all from me today, I hope you all enjoy your weekends.

1 comment:

  1. eToro is the best forex trading platform for rookie and pro traders.