First day back trading after a few days break, and just one race I managed to enter today.
Typically on an average days racing you may have between 3 to 6 potential trade opportunities, and today was about right with five possible races/horses qualifying. When it came to entering the market though, I was only able to make a profit in one race.
The other horses either drifted wildly before the off, or moved in ahead of my entry point to odds below my target, so I decided to leave it.
Also, today overall wasn't the highest quality racing, and whenever the day looks a bit tricky, which I cover in the guide how to asses the day at a glance, I will always show more caution.
With betting or trading you have to take each day and race as it comes. It doesn't always pan out the way we want, and we can never force a trade. The criteria has to be met, and if it isn't then I just move on to the next.
£100 to £1000 Challenge Results
Start Bank £100.00 Prev Balance £229.72
No. Days Date P&L
21 24th Jan £21.14
New Total £250.86
New 5% per trade amount = £12.54
I've been asked if it's possible to use this strategy on your phone, ideal scenario being able to find quick trade opportunities while at work, and use the Betfair exchange to trade.
The answer is definitely yes, you can find trade opportunities to capitalize on very quickly, and using the exchange to back and lay pre-race is very doable. I'll try and record some examples doing this off my phone in the trading guide. If I miss adding these at launch, I'll include them in a later update.
Even though I recommend using Fairbot to make the trades, it's not essential, and using the Betfair grid is perfectly fine. You've probably noticed that my trades are made using the grid, and most other Betfair traders, swing traders, and scalpers, will use the ladder interface.
This is ideal for the way they trade, and I do check the ladder for market resistance using Fairbot sometimes, but if you show more caution given you don't have these on hand using your mobile or Betfair directly, you can still trade successfully.
The only downside of using your phone is the slight lag between opening pages, which isn't there when flicking between pages on the desktop. Also, the nice built in trading features that come as standard with Fairbot, ie auto trade settings aren't available, but if you don't mind a bit of extra effort and caution, you can trade very successfully without Fairbot on your desktop, and your mobile phone.
Launch day for the Betfair Trading Guide release is set for 23.59 GMT on Tuesday 30th January.
This is when the 25% discount will be sent to everyone who's registered, so if you haven't already and want my Betfair Trading Guide, register now by emailing: IWANT25%OFFBETFAIRTRADEGUIDE
Alternatively, get in touch via the contact section to let me know, and I'll add you to the 25% off distribution list.
I'll send you the time sensitive PayPal sign up links at the stroke of midnight, and you can download the guide and access my video tutorials.
The 25% off the launch price is only available for a limited time, when it's gone it's gone.
I'll be back trading again tomorrow, and will publish my results. I'm on a mission to hit that £1000 target ASAP!