I have decided to have a dabble trading with football. I Read a few bits about it and started playing a few days ago, I like what I have seen so far so im going to try it out properly but only at small stakes to begin with.
I am going to keep a diary on here for anyone who is interested as there isn't much going on in this section and so far seems pretty profitable so I will hopefully help others.
After reading it seems that the easiest way (for me) is to lay the draw before kick off on a football game. Then when a goal is scored,back the draw for the same stake as the lay.
Once I have backed the draw I will then have a profit of £0 if either team win or A win of £x if itís a draw, so to make it so I have profit on all 3 outcomes I will make another smaller lay on the draw.
I work this out by 2nd lay stake = Current profit on draw / current lay odds.
I will then have roughly an equal profit on each outcome.
I hope the above makes some form of sense
Ok so far this is what I have done. I havenít got the detailed info just the profit or loss (so far its all been profit no losses)
7/4/10 - Man Utd V B Munich £5.32 (Layed £20 to start)
7/4/10 - Bordeoux V Lyon £4.13 (Layed £20 to start)
8/4/10 - Liverpool V Benfica £13.01 (Layed £20 to start)
8/4/10 Ė Ath Madrid V Valencia £7.53 (Layed £20 to Start) Ė This game ended 0 Ė 0 But in the 88th minute I backed the draw with £250 to get the profit. Something I maybe shouldnít of done could of easily gone horribly wrong and there was 6 mins stoppage time.
9/4/10 - SV Reid V Rapid Vienna £9.18 (Layed £40 to start)
9/4/10 Ė Hercules V Huesca £5.09 (Layed £40 to start) No idea who these are but it was the only game that hadnít kicked off last night haha.
So after the above results I have come up with a couple of rules for myself (not that im very good at sticking to rules
1. Always back as soon as one goal is scored and donít keep waiting for more goals (for better odds) i.e Liverpool game payed of that time but could go other way.
2. Donít bet on obscure games I know nothing about i.e. Hercules and Huesca.
3. Havenít decided on what to do when its 0-0 after 85 mins might just play that by ear.
Also its not very common to get a 0-0 draw especially in the premiership so as long as theres 1 goal in the game at anytime I should make money.
I am hoping to get a few bets on over this weekend but I have loads to do and canít sit in front of pc waiting for goals but I can use betfair on my phone.
Any tips you have will be very welcome on trading or improving the diary information etc..
Profit after 3 days £44.26