Wednesday, 28 January 2009

Premier League Update

Having spent most of the week at Conferences and Exhibitions, there has been little time for serious trading

I managed to watch an internet stream of Fulham losing on their travels once again at Sunderland, and despite the doom and gloom on the main Fulham messageboards, it was not the worst away performance by a long way.

Sunderland were poor, but with Jones and Cisse up front they have a great chance of staying up.

Fulham should have enough home games to just about survive - I hope you are on the 11.50 already advised on the Cottagers to be relegated, as we are well in profit already on that market.

Hull, Stoke, WBA and Middlesboro continued their losing streaks and all look vulnerable.

At the top of the table Liverpool failed once again, and as predicted are falling fast in the chase for the title.

Benitez is just not up to the task of securing domestic honours

Sunday, 25 January 2009

January Trading Update

Trading has been fairly quiet for me in January, as christmas expenses and a couple of late night losing streaks in the casino have limited my bankroll.

But having failed with all of my other new years resolutions already, I have decided that this is the year that I start taking my football trading seriously.

My targets are fairly modest to start with, I am looking for a profit of c. £100 a month - just enough to finance a decent summer holiday for me and my 5 year old daughter.

In January, I have managed to accumulate a profit of £112.20, which would have been nearer £200 had I not dabbled in other sports.

Horses, Dogs, American Football and Golf have all been losers for me. So come February payday there will be no more speculative trades on things I know little about.

I have set myself 5 golden rules in pursuit of profits

My first golden rule is to trade exclusively on Football and ensure that nearly all of my bets are on the exchanges (no more phone betting with bookies after a few pints n the pub!)

Rule number 2 is to be more selective. Getting involved in every live match is great fun, but there is little future in this approach. The term 'no bet' has to enter my thoughts for the first time!

Rule 3 is the pursuit of small regular profits. As I am aiming for £100 per month, I don't need to win the whole amount on day1. Loads of times I have been sitting on an all green position and then decided to get involved in other markets looking to boost profits only to fail spectacularly.

Rule 4 is to improve my staking strategy and bankroll management. There is some great advice in this area from other successful traders like the brilliant Betfair Trader (http://www.thebetfairtrader@blogspot.com/) . In the past I have been totally erratic in this area, risking my whole bankroll on certain events, or withdrawing winnings to finance other expenses.

I will cover rule 4 in more detail in the coming weeks, once I have found a strategy the suits my trading style. Suffice it to say I will be keeping invested and hoping to see my bankroll grow.

My final rule is to maintain a record of all trades on this blog. The aim is to post as much as possible before the event, there is nothing like a bit of humiliation when it all goes wrong to focus your mind on when and what to trade on.

Hopefully some of the advice is worth following, but my profit & loss figures will probably be the best indicator of that.

In addition to my trading updates, I will continue to post my musings on anything football related.

Comments and feedback are most welcome and if you would like a link to your website added, just let me know.

Friday, 23 January 2009

Bye Bye Bullard

"He's better than Steve Gerrard, He's thinner than Frank Lampard, Jim Bullard,Bullard"

Well Jimmy Bullard has chased the dollar and secured a big money move to of all places Hull!

Jimmy was a legend at Fulham, but the legend was built more by his cheeky chappy personality and the fact that he had 18 months out of a struggling side after scoring twice in his first 4 games for the club.

Fulham stood by him, financed his rehabilitation from a career threatening injury, and were repayed with less tham 40 appearances in a 3 year period.

His performances this season have been erratic to say the least, with losing possession probably the most common feature of his play.

To be fair, he has chipped in with some important goals, but his headless chicken routine has not gone down well with the tactically rigid Roy Hodgson.

I can't have a go at Jimmy, a 4 year contract at a reported £45k a week will set him up for life and help him to pay off the alleged 5 agents who have been hawking him around most of the 2nd rate teams in the Premier League.

Looking forward to March 4th when Hull visit Craven Cottage, my reaction to Bullard will depend on whether Hodgson can re-invest the money into a threadbare squad that is far from safe,

Thursday, 22 January 2009

Man Utd v Spurs

It may be worth a look around some of the High Street bookies tomorrow to see what price you can get on a Man Utd FA cup win vs Spurs.

Most of the coupons available will have been priced up and printed before the Redknapp declarations on Wednesday night that he would field a veryweak side at Old Trafford on Saturday.

United were trading at 1.36 on Betfair earlier this evening, so there may be an arb opportunity if you can find any unsuspecting bookies who have yet to change their coupon price.