Tired?

Oh, to be able to have relaxing days at home, with just a laptop and the IPL for company as you use your skills to make a couple of hundred quid each day from Betfair.

Ok, as I’ve previously pointed out, it’s not quite that simple in practise ( I’ve tried it ). But generally, when your main income generator is trading on Betfair, during the time you spend in front of the screen, you’re in a decent mental and physical state to take on the market, so have every opportunity.

Those in this fortunate situation should spare a thought for the majority, whose attempts to profit are often made after long days working. A well-tuned brain can overcome adversity, keep wins and losses in perspective, and maintain concentration and objectives. When tiredness is added to the mix, the lessened mental ability brings to the fore those enemies of profit – frustration, momentary lapses in concentration, despondency, overconfidence. I’ve noticed that when work has been more intense, my ability to make profit declines. In response to my dismal results in March, I’ve tried to spend a little less time on Betfair, and have shorter spells in front of the screen. I’m hardly pulling up trees in April, but my time has felt more like a hobby than a chore. So that’s a result. And my eyes look better for it.

Two successive weekends away have put an enforced reduction on my Betfair time ( and my blogging time ). I certainly now feel refreshed and ready for my next task – to rebuild a bank without getting frustrated. Any regular readers will have spotted that once I get down below a couple of hundred quid, I tend to lose interest and often throw away money. But I also detest depositing money into my Betfair account – betting is low down my priorities of how to spend my hard earned cash. So I’m hoping to spend the remainder of April just nudging forward towards creating a bank within my comfort zone.

My main excuse for a lack of blogs is slightly odd – for some reason I generally bet whilst stood up, yet write blog posts slumped on the sofa. No, I haven’t a clue why, just habit. And with a sciatic nerve playing up a little when I sit for any length of time, I’ve had no wish to write. So a secondary task for April – train myself to blog whilst stood up!

March - Magic

Magic, as in ‘how to make money disappear without a trace’.

Probably my worst month since starting the blog. There are many similaries with my feelings at the end of January, and much of that post (here) still applies. Unfortunately, whilst January was a small green month, March was a whacking red, wiping out February’s profit to leave me with a small deficit for the year. Three months to make nowt!

I think my mindset is currently best compared to climbing a steep hill. You spend your early attempts at the bottom of the hill, climbing a little and rolling back to your starting point. With more experience, you climb further up the hill, but still roll back a little, meaning that progress is slow. As time goes on, you reach higher up the hill, and get acclimatised to the thinner air near the peak. But the section approaching the peak is tough, and having climbed most of the hill, it’s frustrating when you can’t quite reach the top. So you take risks, and end up rolling all the way down to the bottom.

I generally review my performance by sport, but this month tells me little about my strategies or strengths. My only profitable sports were basketball ( 1 bet ) and tennis ( where I was extremely cautious ). My losses were on football and racing. The racing losses were mainly incurred on one Saturday when I lost the plot and went chasing, with horrible results. I really should be past this stage, I’ve learnt that chasing doesn’t work, but just occasionally a grumpy mood coincides with early losses, and then it’s meltdown. It’s what I now call a ‘DLF Maximum Fuck Up’. My saving grace is that I only maintain a bank of a few hundred quid nowadays, so I avoid financial carnage, if not mental carnage. Football was disappointing, just too many strange results, and I became tentative as the month went on, leading to too many all-reds being taken ( what I now call a ‘Citi Moment Of Panic’ ). I took Rangers’ recent 4-1 thumping at St Johnstone as my sign that ‘silly season’ is now with us, so forget the form book and just look for what each team has to play for.

My only progress came in the last few days of March, when I took a day’s break before making my second cash deposit of the month. I came back with low expectations, kept my bets small and tried to avoid setting any sort of profit target, just playing the opportunities as they arise. I made £119 back over the last four days of the month, without spending hours in front of a screen. I’ve tended to think of a £30 day as a failure, and have been aiming at bigger wins. Yet I’d be ecstatic if I made £900 in a month at the moment. I need to bridge this inconsistency during April.

I’ll attempt to spend a little less time in front of the laptop in April, particularly if the temperature improves. I need to get back to enjoying betting, it’s my hobby. Scratching around for positives, I can say that the month has only confirmed everything I’ve learnt over the last few years. However, inability to follow your own rules is a quick way to the poor house. All March has proved is that success or failure is all in the mind, and I’ve got to be mentally tougher.

On a positive note to end, my fantasy football team is doing ok, off the back of some cracking points scored by my two star players. Wayne Rooney and Cesc Fabregas……..

Grumpy

I kept away from Betfair yesterday as I felt a little under the weather. Fortunately the expected cold symptoms have not appeared today, so my emergency diet of fruit and hot tea seems to have done the job. It seems obvious to avoid the laptop if you’re unwell. But we’ve all done it, you’re in the house, there’s little to do, so why not try a make a few quid? In the past, I've had to learn that lesson the hard way.

I watched the Mumbai / Kolkata game yesterday afternoon, tucked up on the sofa with a duvet. I had watched a previous Kolkata game, and ( like Ronnie Irani in the ITV studio ) had been unimpressed with Sourav Ganguly’s performance with the bat – too slow, lacking in awareness of the match situation. He was no better yesterday. An under a run-per-ball innings, on what turned out to be a decent pitch. He must be the only player in the IPL who’s looking to improve his batting average.

I once had a celebrity encounter with Ganguly – in a Pizza Hut at Fosse Park, Leicester. I think the Indian squad were based in the area for the 1999 World Cup. I remember his disdainful smirk as he avoided any eye contact with the locals, many of whom were from the local Indian community and clamoured for his autograph. Nothing doing. That same smirk was constantly on his face throughout yesterday’s game. He seems to be more interested in Sourav Ganguly than in the Kolkata Knight Riders.

I’m now further in the red than I was at my last post. I had a couple of successful hours on Friday evening. Easy money. I went out on Sunday, but managed to sneak a couple of hours on my return, making over £100. I spent another couple of hours on Monday evening. More easy money. But Saturday…… ( silent groan ).

I am hopeless nowadays during long sessions. Whilst I know that you’re going to lose a few bets if you spend a long period betting, I just seem to get grumpy and my technique and tactics deteriorate. I then move into a semi-zombie state, watching my bank disappear down the plughole with what at the time seem like a series of unlucky bets. It’s only when you step away and come back the next day that you realise how crap many of the bets were. I must learn to break up these long weekend sessions, they just don’t work for me. Fortunately, spring is with us and I’m considerably more likely to get out of the house at the weekend in the spring and summer. I’ll be glad to see the back of March.

Still In The Red

A quick thought. Who would you rather have managing your team. Roy Hodgson or Rafa Benitez? Thought so.

Haven’t posted for a while. As Cassini pointed out recently, it’s no fun writing about a losing pastime. And since my last post, I’ve done more losing than winning. So March is turning into a crap month. I’ve only really been involved in racing and football betting, and both sports are showing a loss. The racing deficit is not yet a concern. I have commented on my failing to stick with a strategy for any length of time, and following last month’s successes I’m happy to keep moving forward in the hope that the short-term loss is a correction that will, in the medium term, still result in a profitable outcome.

I seem to be heading down a cul-de-sac with my football selections at the moment, probably due to the sort of loss of confidence which condemned my tennis betting to a spell in the wilderness recently. In the same way that I got into a routine of taking all-reds too early when tennis games started to go against me, I seem to be in the habit of going all-red in games where my selection is eventually successful. I did it again tonight with a lay of Werder Bremen. So I think my weekend will be better spent reviewing where my profits and losses have been made on football over the last year, rather than piling into more losing bets.

My limited bank is also an obstacle at the moment. I try to be cautious by cashing out profits on a monthly basis, but it leaves me open to a losing spell coinciding with a withdrawal. It happened over the weekend, meaning the dreaded ‘deposit’ button had to be pressed. I was fortunate that a bad start to Sunday was halted by a prior engagement ( Fun Lovin’ Criminals at the Leamington Spa Assembly ), before I managed to blow all of the newly deposited funds in frustration. I’ve now accepted that March is going to be a losing month, as I’d rather make a few steady steps forward for the rest of the month than increase my level of risk just to reach an arbitrary figure.

I’ve been following Cheltenham with interest ( for the first time! ) but it’s of little use for my laying methods. Most races seem to have live potential winners out at 25’s and 33’s. I’ve laid a couple, came a cropper with Weapon’s Amnesty in the RSA, but also had a fiver on Big Zeb in the following race. Overall, my Cheltenham P&L currently sits at +£54, so no complaints.

Finally, RIP Alex Chilton. Influencial in the States, unknown over here, I only know him for one song, but it’s a hell of a tune, from the 1974 album ‘Radio City’. May I introduce you to Big Star’s ‘September Gurls’.

Dabbling

dabble – to take a casual or superficial interest.

I should have stuck to my word and avoided Betfair yesterday. Instead, I dabbled. And for about an an hour this afternoon, I dabbled. The result – after the first week of March my monthly P&L sits at ( £101 ).

The actual bets are not that significant, a couple of European football games going against me, and one of those ‘three in a row’ racing lay disasters. But the mindset behind them is. I just wanted to make a few pounds easily, without putting in the effort to analyse and research. Which leaves you wide open to the unexpected result or, more accurately, the superficially unexpected result. I laid Polish side Odra ( bottom of the table ) away at Legia Warsaw ( third place, unbeaten at home ), at odds of 16.5! Not odds I would regularly be involved with, but I was just looking for easy money. So no consideration of a two month winter break, no consideration of Odra’s relegation situation, no consideration of the likely odds in the event of the away team scoring first. A crap bet basically.

Again, at first glance, my main racing lay loss ticked all the boxes in terms of my decision to lay. But my stake was too high ( following a previous loss ) and, more irritatingly, there was another horse in the race which fitted my lay requirements, and was at lower odds. But I was looking for a quick fix, so didn’t bother to delve deep enough.

I have no problem with losing money if I have analysed properly. This is sports betting – the unexpected happens. But throwing away hard earned money, and learning nothing in the process, is pointless.

Most Betfair traders and gamblers want to make a profit. For many, it’s a hobby that may make a few pounds each week. For others, there is a wish to obtain a regular additional income. Many bloggers have indicated an aim to trade on a full-time basis if they can remain successful. And of course, there are a few who rely fully on their Betfair income to live. Whatever your motive for betting, it seems a straightforward objective to maximise your profit to a point limited only by betting bank and time. A tip to help you do this - spend a minute before you connect to Betfair. Decide what you intend to achieve, and what rules you wish to apply to your betting. If you come away from a session having made no profit, but have learnt something, it’s been worth it. I’ve learnt nothing new in the last two days, and lost money.

I have a bit of a problem with ‘challenges’. I see many appear amongst the betting logs, but I think they’re generally misguided. What’s the point? Most deviate away from the objective noted above – to maximise profit. Why tie one hand behind your back? Whilst I accept that using a limited bank of say £100 can be useful during a learning stage, it’s only realistic if the same rules are applied regardless of bank size. Many challenges make huge initial returns on small banks, but they’re unsustainable. If you’re betting in an artificial environment, you are missing out on opportunities to learn. This game’s tough, so unless you’ve got hundreds of thousands in the bank and play on Betfair purely for fun, forget challenges and concentrate on improving your performance.

Why I Hate Mike Ashley

I have nothing against Newcastle United, the team owned by Ashley. I admire the fan’s dedication to their club through the regular ups and downs, and always looked forward to Leeds/Newcastle games – my first ever visit to a football match was a game against Newcastle at Elland Road in March 1974.

My ire comes from a rare visit to a ‘Sports Direct’ store. The chain is also owned by Ashley, and on a previous visit to a store I came away with an impression of a disorganised place selling third-rate rubbish. However, requiring a cheap top for work use, I made the unfortunate decision to visit their Birmingham store yesterday. It must be the worst shopping experience available. The place is a disaster. Most of the stock is on the floor, the remainder is just thrown on racks, with no sense of showing off goods at their best. ‘70% off’ labels adorn everything in the store – I doubt anything has ever been sold at full price. There are various cardboard boxes and step ladders left on the shop floor. Payment is made at a back of store counter, where clueless shop assistants couldn’t even work out who was at the front of the queue ( which was informally put together by customers as there is no obvious queue position ). It’s a craphole.

The customer is given a variety of brands to choose from ( Dunlop, Slazenger, Donnay, Lonsdale ) which are all owned by Sports Direct, and all appear to have similar design quality ( bugger all ). Yes, there are a batch of leftovers from Nike, Adidas and Reebok, but it’s basically set up for mug customers who continue to buy crap in the belief they’re getting good value. Avoid.



I did my regular Saturday football punt yesterday, as I was out all afternoon and early evening. I picked out ten matches, generally staking to win around a fiver. I managed to scratch one bet on my I-phone, leaving me with seven winners and two losers. The result – a red £1.68. It’s amazing how many times I arrive back near zero.

The main culprits were Austria Vienna, previously unbeaten at home, but turned over by LASK Linz ( no previous away wins! ). I was struck during analysis of the Europe-wide results that we are heading into the latter part of the season, where previous form is less important than league position in selecting winners. It’s time to be wary of those sides under relegation threat, and where those in safe mid-table positions are hard to predict. I will only bet on football for another month, once April is upon us it tends to become a lottery as the promotion/relegation issues are resolved.

I’m a little gutted to find no All Weather racing card today. This seems to have become the mainstay of my profits in recent weeks. So I think betting will take a back seat today, I’ll be watching the two FA Cup ties and sorting out my business finances. Enjoy your day.

Thoughts Of The Day

Guess where I’ve been working today? Anyone who can identify the mystery town from the picture I took on my I-phone on a glorious morning earlier today get’s a free lay of the week (worth about 7p) from me.

I’ve noted that both Cassini and 70k have been having a little stick from various ‘Anonymous’ types in comments to recent posts. In my year of blogging, I’ve never received any negative ( or even anonymous ) comments to my blog posts. This is clearly because I’m such a great guy, and the fact that I never seem to make any money is purely coincidental.

I was interested in the GB line-up for the upcoming Davis Cup tie in Lithuania announced earlier – James Ward, Dan Evans, Colin Fleming, Ken Skupski.

The Lithuanians must be shitting themselves.