Ongoing "Trader of the week" results - Week 1 (week ending 05/07/09)

[Procrastinator]

Large Bankroll? The bigger they come the harder they fall

Yeah, should probably shut my cake hole. Now I have got a taste for the higer stakes trading this is probably only going to end one way! But oh well, I'm going to get the mug!

I told my other half about this and she rolled her eyes and called me a geek because I was getting too excited about the mug - pah - she will be lucky if I let her come on the holiday I fund through this matched betting (and hopefully trading) adventure!

[munk]

I would say you can win twice, its survival of the fittest, you can win as many times as possible. If not its like saying ManUtd cant win the Premiership and the FA Cup in the same year because they have more money than the other teams. And that means they have better players. It might not be "fair" but thats just tough. They still get to win as much as they want, which incidently means they have more fans so more money so more wins and more fans, and more money, and better players, etc etc etc. Thats just the way it is.

The people with lower bankrolls either should have been less brave and bet smaller at the start and so not lost it so soon, or now get better quicker to catch up. Thats the way a contest works.

(Its not my competition though it is Munks, he will have final say)

That's fine, you can win the trade of the week as many times as you want. If you win it twice though you only get one mug and the runners up get the mug on the other times you win.

[Oasis]

Is it how much profit within that week, rather than the largest bankroll at the end of the week? Not that I stand much chance catching up, just wondering!

[Andy]

Is it how much profit within that week

My understanding of it is profit within the week, finish balance - start balance = Your result. And as an absolute amount not a %. So it is easier if you have a bigger bankroll but thats just that. It is already not "easy" auditing and having clear rules so the absolute largest gain is the rule for administrative reasons.

(Thats my take on it, Munk sets the rules)

[munk]

Is it how much profit within that week, rather than the largest bankroll at the end of the week? Not that I stand much chance catching up, just wondering!

Please read the T&C at the end of the challenge thread:

http://www.thegamblingtimes.com/boar...challenge.html

Also - to everyone on the challenge - please note that clearly deciding who the weekly winner isn't as easy as just who has the largest profit from a single market - you MUST be trading on that market to qualify for the trader of the week, you can't just drop one lucky back bet at 11 (laying it off somewhere else ), have it come in for a £500 profit on your trading account and claim the prize. Your winning entry should be in the spirit of the challenge - ie a series of trades that end in you greening up for a hedged profit. As such there will be some element of adjudication for these weekly prizes with TGT having the final say as to who actually wins the prize in the case of any dispute (same for the overall prize).

[munk]

Week 1 official results can be seen in post 1 above.

Thread closed. Thanks everyone!