Monday, 10 August 2009

Quick Update

As you can see, I haven't updated the blog in a while due to being away the past two weekends in Birmingham and Leeds and frankly, for reasons of weather and ineptitude respectively, I almost wish I had not bothered!

My time in between these days was spent as a mixture of being ill and deciding to reject all offers received to complete the LPC against my wishes. Sometimes wanting something is not enough.

With respect to my RL trading, I'll post a more detailed review sometime this week. In short however, I can only say I wish I had a phone that had decent battery life. (I have been able to upgrade for 6 months but a combination of not wanting to pay £200 and laziness means that I am stuck with a battered MDA Vario III, which appears to lose power quicker than Usain Bolt.)

In short however, I had a great position on Wigan away at Saints, only for my phone to die and lose £40. I saved battery power for the end of Warrington v Leeds, but having left Walkabout on account of my friend's protestations, I "only" ended up with £200, which when you consider that I initally chose to place my refund of the Edgbaston ticket on Warrington and the Draw, is not brilliant!

Having returned home on Sunday, I did manage a decent win on Bradford v Harlequins, although I did lose some of my green when my computer crashed as Bradford took the lead (I am noticing a pattern here..!) and then panicked when no-one was taking Harlequins backs once they resumed the lead and gave away ridiculous value.

I then decided to take a break from Thursday's National League game, only to get involved in the last ten minutes for £10 or so. Traded Friday's Super League game on the train home, believing that Salford were too short at Half Time although again, with 5% of battery power remaining and with going through tunnels, I missed out on some great opportunities.

I then managed to win £60 on Warrington v Wigan despite being at the cricket although again, this was impacted by poor battery life and you know... watching the cricket! I even managed to lose £7 on Bradford v Harlequins despite ridiculous odds after the draw price crashed and I panicked to get out of the red on the draw in play where liquidity is as scarce as clothes on Jordan.

On Sunday, I managed to watch Saints v Huddersfield in the pub and despite realising that Saints had no chance at Half Time, managed to only win enough to cover my backs of Saints in the Winners Market. Again though my phone died in the second half... I probably would have earned enough to pay for the new phone by now! But, it just seems ridiculously expensive!

I'll break them down in more detail later this week.

Just a quick note that with the RL season approaching the finish line, my attention starts to turn towards my "off-season" sports. Now, I am nowhere near as profitable on other sports as I am on RL and Formula 1, but I will probably look to trade soccer and NFL this winter.

My approach to NFL is to generally go with what I think will happen. It isn't very scienftic but it seemed to work reasonably well with small stakes last time so we will see. I am just concerned at the moment that Sky may not be covering the NFL this year, certainly they have scrapped the Pre Season coverage but that is no biggie. However, I feel that there would definitely be ways to profit further for a NFL junkie like myself, but at the moment I only have one trick up my sleeve. Hopefully that will expand soon!

A quick note on my approach to football is that this tends to resolve around the Correct Score market. I have no real feel for football, so take a market trading approach which I have outlined previously and will do so in more detail later - I am currently testing new ideas like teams do in Pre Season! I lost £6 on Aston Villa v Juventus but did win £2 on Darlington v Leeds tonight. However, I tend to approach the soccer markets in a much more relaxed fashion. I do not expect to make serious money from this, but rather use it in a relaxing and challenging manner. I used to play Pro Evolution Soccer a bit on an evening to unwind but feel that I will probably look to the Correct Score market this year, unless I start to constantly lose! However, I am hopeful of making consistent but small profits this year although it will take me some time to get reacquainted with the markets; still it should hopefully be as enjoyable as it was last year and that is the key, especially given that I'll likely be taxed 20% on any winnings!

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