Learning new sports

When i say learning new sports i don't mean learning how to play them, i mean learning how to trade them! Like when is the best time to back a team/lay a team. What are the stats saying for that particular game?
And of course a lot more!

The past week I've started to trade on Basketball games. I spent hours trawling the Internet to look for a near enough live feed so i could watch the games i was trading on, which is a must! Luckily after a few attempts i found a pretty decent site which shows some live streams (2-3 second delay).
 link --> http://www.livescorehunter.tv/

At the moment I'm just trying to learn the league structures and trying to learn the all the important stats.

I managed to trade the New York Knicks V's Boston Celtics game last night. At one point the Celtics were behind by about 16points. However they managed to come back and win the match by 10 points. Luckily i managed to lay Knicks at 1.20 and got out at 4.2 for a nice profit of £16.

Hopefully going to trade the Bulls vs Hawks tonight, really fancy the Bulls to win it (currently @ 1.6) However I'm a newbie so don't mark my words!

Looking forward to learning more about trading the sport because as of the end of May i will be in the States for 10 months.
Also learning a new sport really keeps you on your toes.

Ciao for now,
Kie

All set for the week!

Cheltenham starts 13:30 tomorrow (well today when I'm writing this i suppose!), I'm going to be having a few bets on the main races. I'm not sure if i will just trade on the horse i want to bet on before the off, trying to get a green on the horse and then just let it ride so that i have a freebet or just punt the more traditional way!
Have availed of a few offers like the one at Ladbrokes, which gives you a few free bets once you've staked a certain amount, the usual story.

Here's a few of my selections, looking forward to seeing how it plans out!

13:30 - Spirit Son (7.0) Betfair
           Also got a few quid on Zaidpour which i will probably trade at in-running.

15:20 - Peddlers Cross (5.5) Betfair
           Same as above going to trade on Khyber Kim in-running

17:15 - Tullamore Dew (10.0) Betfair


There's my bets for tomorrow, lets see how they go!

As for trading, all is going well!
Starting to get into Basketball trading now, have managed to find live streams for the games, definitely worth some more time.

Hope everyones trading is going good.
Good luck with all the punts tomorrow!

Flying blogging

Hola all,


Haven't been able to trade much of the past few days, as I had to fly back home to complete my aviation medical. So have spent most of the time getting poked and prodded! But its all necessary!
However, when I was home I managed to trade both the Stoke v's WBA game and the Chelsea v's Man Utd game. I had, had a trial with tradingfootball.eu but sadly that ran out 2 days before the Stoke game. I'd recommend the site to a lot of people, but personally it wasn't my cup of tea. I felt the lads that were doing the trades and TOTD (trade of the day) were top notch, they knew exactly how to minimise losses when they came and how to maximise profits, all in order to protect your bank. Which is key!! The reason that I won't be joining their service is just a personal reason really, I just prefer coming up with my own trading strategy and I felt that when I was in their chat room there were quite a few headless chickens that didn't know the difference between a back button and a lay button and they were just following the the main traders orders and not even thinking about why they were actually covering a certain score etc. I feel that if you want to learn to swim, you have to jump in the pool by yourself. I'm not saying whack £500 in your account and go wild. What I did was just start off using the minimum stakes even lowering the minimum £2 bet by using the geeks toy (thank you Mr Geek!!) And then eventually when you become more confident up your stakes accordingly.


Anywho says you! I managed to make a profit of £22 in the two games, £14 in the Stoke game and £8 in the Chelsea game.
I'm only a beginner when it comes to trading football but I enjoyed researching previous stats before the game and then making my trading strategy to suit each game. I tend to select a few correct scores which I feel are a strong possibility and then cover myself by backing either under/over 2.5 goals, or whichever goal market I feel provides good cover. So its a learning process but its all good banter!

Anywho I wrote this blog on the plane using my blackberry (in flight mode don't panic I didn't cause a crash!) Got this app called Evernote amazing piece of kit. Let's me transfer a word doc/image whatever you want really directly from your phone to your account online so you can download it straight to your desktop.
Will hopefully try and get another video of trading in-running up at some point in the near future, will try get the mic to work this time so I can talk through what I'm doing (bad/good).

PS looking into getting a new laptop with a good graphics card and around 4GB of mem. Thinking about a Dell Xps 15 at the moment but would appreciate any ideas?

Cheerios and milk
X

Trading In-running

I tried uploading a video directly onto the blog but sadly it didn't accept it for some weird reason?
No matter, i just uploaded it to youtube. Didn't manage to get any audio this time but if there's enough interest i may do a few more videos explaining my thought process during the race.

Here's the link: http://www.youtube.com/watch?v=VJ3J4osq3XM

Since there's no audio i will explain what's happening:

• First off its the 14:40 race at Fontwell Park. I traded on the race before the off on 'Pouvoir' but sadly got caught by a 20k trader, so i accepted a loss of £6.71 before the off. I also managed to trade the horse 'Rockoboy' who's odds were 250/1 at the time, i managed to trade a few ticks to make £9.23. I wouldn't recommend trading on such high odds but the trade just looked right at the time.

• At around 0:45seconds in i tried to lay the Favourite 'Fruity Orooney', i tried to do this because the jockey had started pushing the horse and i felt the odds would rise. Sadly i missed the ideal opportunity twice. I then managed to get my lay matched at 2.36 for £35 and then put a back order in at 2.42. I wanted to exit the trade as quickly as possible because the race was entering its final stages and no other horse was picking up at the time. 
• My attention then got shifted to Pouvoir as it took the fence well at (1:30) and seemed to have more in the tank. (In, in-running your not looking for the horse that is going to necessarily win the race, but that is going well at the time and  shows signs that it may have more in the tank). I manged to get £25 matched at 3.70 (back side), then put a lay order in at 2.88 for £25 which was also successfully matched. This managed to cancel my red which i had on Pouvoir before the off. I then greened up across the board giving me a total profit of £12.80. 
• I changed my stake of £35 to £25 on the previous trade as i felt there was more risk involved as it was closer to the finish and if the jockey on board Pouvoir started driving the horse at this point it's odds would sky rocket, this happened on the fence after i greened up. Where the horse's odds jumped from 2.36 before the fence to a high of 10 after the fence. (Another personal rule i have in, in-running is that i try not to trade on a horse when they are jumping a fence/hurdle. As obviously if the horse falls or even hits the fence hard the odds will go up steeply.) 
• I also tend not to try trade the last 2 furlongs or so, as this is the most volatile period and because i am not at the track i do not have the "live" feed, so i am acting a second or two behind traders at the track.

Sorry if the description was a little rushed, but hopefully you can gain something from it.

Any feedback is appreciated.
Hope everyone had a successful day trading and god do i hate Birmingham! Well actually hates a big word but what a cock up!

Good day, good night !

After posting my last post i went on to trade the next day full of confidence. And of course went on to lose most of my bank YAYYY!!! So of course i was delighted! aka fuming! The thing that got to me most was that i knew where i had gone wrong and it was so petty and stupid! So i decided to have a few days off and had a pina colada!
I came back a few days later to my massive bank of £7! I was determined to get back to my starting bank one way or another! After my first day of trading (taking risks i might add, because of the size of my bank) i managed to get my bank up to a respectful £25. The following two days saw me increase my bank to firstly £45, then onto £70. This was all done by in-running trading, which i have been doing now for the past 6months, i selected my horses carefully and took small steady profits, making sure i wasn't greedy along the way. Once i hit the £70 mark i started being more cautious with my bank, using approx. £15 per trade.
My bank now currently stands at a marvelous £143. So thankfully i'm back on track!

I think overall the loss i had has helped me become more patient. Which is ESSENTIAL (cant stress this enough!) when trading (in-running especially).

I downloaded camtasia quite a while back but haven't actually used the software to record anything, so i think i may try and record a few of my in-running races tomorrow, so that i can show you how i am trading in-running and that its not total guess work at all.
So keep your eyes pricked for that.

Hope everyones trading is going successful! Am loving reading my fellow bloggers blogs, keep up the good work!

Change of circumstances

Right so here's the deal-io. I'm going to be trading full-time for the next 2 months or so as my circumstances have changed (for the better!)
So will be looking to make a steady profit per day, haven't worked out yet what i think is do able, but should be around the £30-40 mark.

Just stopped trading for today and i'm up £32.
My bank at the minute sits at £162, but i will be withdrawing some of it when i hit the £200 mark (touch wood!)

So stay posted i will be blogging a lot more!

Hope everyones trading is going great.

p.s. Arsenal cheeky win tonight? (I'm a Arsenal fan so im optimistic!)

Oh that's how you post...

Ye its been awhile! Haven't updated this blog since 3rd Nov, seems like ages ago (probably cause it is).
Whats been going on with me? In general i've got a new job, just working in a clothes shop but it pays the bills. Have applied for a sponsorship pilot programme with Flybe, so will be having the interview for that in the near future, looking forward to it, but i'm going to have to brush up on my maths and physics.
I was suppose to fly home today, back to Dublin, but my flight was cancelled from Heathrow :(. Have had to re-book my flight for Christmas Eve, please god don't let it snow! If i don't get home for Christmas it looks like i will be having beans on toast for Christmas dinner, might push the boat out and have cheese on the side! In all seriousness i hope i get home.
In terms of trading, since i last posted i've had a big-ish swing. At one point i blew my £100 bank (twice). So i was down that plus my profit i had made on the £100 bank which was around about £200 in each. So was not a happy bunny. But i have managed to claw it back and am now up £200.
I've altered my trading slightly to suit me, because i find myself sometimes getting bored trading pre race, i have been trading in-running for the past month. I started off slow when trading in-running with a small bank of £20. Within the first 3 days i had turned that bank into £120. However, i was using between 50-75% of my bank to trade at the start. I withdrew my initial £20 and then started with my new bank of £100. I've now steadily held that bank, withdrawing £100 when i reach the £200 mark. I find by doing this it gives me more structure, as i do occasionally like a flutter. So on the trading front things are looking good, my set up at the moment includes: At the races subscription, 19' monitor, laptop. Until last week i had subscribed to RacingUK online, but the pictures for me were streaming to slow so i decided to cancel it.

Possibly the biggest change since i posted last is my poker. I opened an account with Fulltilt around the middle of November and deposited $50. I have now steadily grew this bank to a tidy sum of $525.
I've just finished playing a ring game of Omaha Hi, 6 seated. I bought in for $50 and was playing pretty loose aggressive, until Gus Hansen sat down! I was tempted to cash out with my $95 but was convinced to stay because it was Gus! He bought in for the full amount of $50 (why he was playing so low stakes is beyond me). Within 5minutes he had doubled up twice over, thankfully not taking any of my chips!

Anywho! I've managed to improve my poker, by playing all different kinds of poker, from 2-7 Draw to Stud. I think this has broadened my understanding of the game and has also managed to keep me interested.

Hope everyone is doing great and to those on my blog roll keep up the posting because i'm reading!