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Trading and Gambling £100 to ?

Argentinian Football

30 Apr 12 23:53
Just backed 0-1 score line in Belgrano - Tigre game and looking to trade out just before half time. I have backed £100 at 1.98.

I like trading football on argentinian games as generally they are low scoring and especially if there is an early goal you get very generous odds to trade.
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Onwards and upwards

30 Apr 12 23:51
Well back now stands at £313 after some sucessful horse trades and laying the dray tonight on Man City/ Man U game.
So far withdrawn £213 also.

Finding posting on here before every trade difficult (the last two days I have mainly traded using the betfair mobile app on my iphone).

Will try to do better tommorrow and post more of my trades as I go onwards.

Next target is £376 upon reaching which I will withdraw £31.38 - step 13 in my trading progress. If I can reach step 50 I will have amassed a £10,000 bank and withdrawn almost as much!
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Chasing with Chelsea

29 Apr 12 13:12
Backing Chelsea to win for £82 - £37.42 profit if they do will take me up to a total bank of £119.42.

Chelsea on good form at the moment and the only reason this price is available is the impending champions league game and their performance v QPR previously however I think they have seen a considerable change in form and fully expect them to win quite easily today.
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Unders Bologna v Genoa

29 Apr 12 13:08
Currently 2-1 and i vave backed under 4.5 goals for £122 at 1.37 in order to trade out at about 1.19 to make £20 profit and cover my real loss

Not gone so well either. Goal within a minute of backing. Managed to back over 2.5 at 2.0 to realise a £40 loss either way. About 5 mins later a 5 th goal :-(

Bank at £82.
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Real v Sevilla

29 Apr 12 12:54
Looking to make a quickish trade. Backed correct score 3-0 at 7 for just £20. Hope to lay off to get a quick profit as I think there will now be a period of consolidation by both teams.

Placed a lay of 26.70 at 5.1 to get just over £6 profit whatever happens.

12:35am Now put a lay of correct score up at 1.9 for 3-0 for £30 (will lose £20 if it fails) as I expect one more in the dying minutes...

Well played Real in killing the game and securing victory however it means I turned a sucessful trade into an unsucessful gamble! Too inpatient to reach my £200 bank whish makes trading easier.
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Bank so far and the rules

29 Apr 12 12:07
OK following Karslruhe U19 game bank now stands at £167.88.

Every time I reach a 20% increase in my bank I withdraw 10% of that 20% increase to give an overall increase in my bank.

I have been through this barrier twice more since I last withdrew so I am withdrawing £12.10 and £13.31 to give a total withdrawal of £25.41.

My bank therfore now stands at £142.47.

My next 20% target is £175.70 at which point I will withdraw £14.65.

Hope this makes some sense.
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Originally posted in forums

29 Apr 12 12:10
OK have decided to post my trading results here.
Why?
Previously had very sucessfull trading accounts under various usernames (an also some terrible experiments!).

I think I have now got the discipline and balance between pure gambling and trading correct. My last effort I turned £100 into £8000 before quiting (Liquidity starts becoming a problem at this point for me).

In order to prove myself that I can do this consistantly I am going to attempt to post my results as I go, purely for my own benefit, self satisfaction and discipline. I am very thick skinned and fully expect to get slagged etc - will try my best not to rise to it.

Some before pointers to my methods:

1) Mainly trade to get out a profit before a game or race and will settle for a loss to protect my bank. Aim to make small profits with each trade and get out early if the market goes against me - this often means I miss out on potentially profitable trades but thats just my method

2) Do gamble also with a martingale (but modified) system to regain losses.

3) Tend to lay below 2 and back over 2 - have lost much previously on 'sure wins' and gained masses on outside chances - psychologically it is terrible to back 1.1 etc and lose but winning by laying such results feels great! Also feel that is where the value lies - the unexpected happens more often than the odds suggest.

4) Reserve the right to aftertime etc My time is very limited - cant spend all day on here and will sometime make decisions on the fly - this is purely for my own benefit and I make no apologies if I dont post here first.

Oh....and I nearly always trade out when a result goes my way. Too often caught out by a profitable gamble turning into an unprofitable one. Always take the money when you can.

Starting bank £100.
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OK following on from a thread I started in the forums I will repeat myself and then continue to post here instead.
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