Monday, July 03, 2006

Tennis trading mistake

Daily Result: £200.61

Well it looks like a good day's result and I guess it is but the the truth is the green figure hides a total disaster. In fact, if you'll excuse the language, a fucking nightmare is more apt. Let me explain...

As regular readers know I use the BetTrader PRO one click software. Unfortunately the server this runs from was down and undergoing maintenance this morning. No worries I thought. I'll use some other software that works through the Betfair API and trade the Bjorkman v Mirnyi match. Which I did.

I started near the end of the second set and all was going well till I tried to make a cheeky lay of Mirnyi at sub 2.0, managed to back by mistake at 2.16 and then watched him lose the next point - and set- and fly out to some ridiculous price while I was still trying to work out what the hell had happened! Turns out that because I was trying to submit the bet fast Iforgot you had to click the *opposite* sides to make a back and lay from the usual software I use!! Doh!!!!! My fault completely, not the software's (which I'll do a review of once I've used it a bit more) Anyway, it left me in a horrible hole with around £265 red on each player. Nice start to the day that!

Anyway, luckily the match went to 5 sets and by the end of the 4th I had it down to £30 red the pair when I got on the wrong end of a Mirnyi service break. Ended up losing £96.60 in the end.

What was really annoying though was I was only doing the Bjorkman game until the Scottish sulker got going against Baghdatis on a show court. Murray games have been great to trade recently but by trying to reduce the red in the Bjorkman match I couldn't get involved with the Murray game until half way through the 3rd set. Eventually managed to pick up £66.93 on it but was kicking myself I'd missed the rest of the match. Half of Betfair was chirping about how much they'd won on it. (I guess the less vocal half lost!)

Then blew a stupid £30 on Federer. I keep thinking he's too short. (Laid him twice in April before I started the blog) and he keeps winning leaving me no chance to even make a tick. Just thought the first set may go to a tie breaker. Berdych may win it. But no. I laid him at 1.05 at 2-2 in the first. £30 wasted really. Within 10 minutes he got the break and I was bailing at 1.02.

Had a break from trading then before having a look at the Northants v Worcs Twenty20 Cricket match. And a great trading event it was too. Huge price swings throughout the match and very enjoyable to watch. Think they lost four balls in the first innings as sixes didn't only clear the ropes but the stands as well! Anyway, picked up £260.58 on the game to put the day into profit. Still gutted about the wrong click mistake though. Complete waste of money.

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2 comments:

Anonymous said...

Always look for the silver lining in those grey clouds. You ended the day in profit. Don't beat yourself up. We all make mistakes from time to time. Chin up, Sad Act.

The Betfair Trader said...

You're right. Was just annoyed at doing something so stupid. Someone emailed the other day with a similar and good point too. Said you should study and learn from your wins as much as your losses. Sound advice too.