Daves Travel Pages travelogue

I update this website from the road every 5 - 7 days. If you like what you read, please leave a comment on an article or in the guest book. I put a lot of work into the site, and its nice to have feedback in order to keep me enthused!!

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War of Empires

A browser based online stategy game. very addictive stuff!!

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Increase your traffic

An article directory specifically for SEO articles

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Betfair

Overall, i found trading with a small bank to be tough work. Only one loss could wipe it out. If i re-run this experiment, I will try with a bank of 200 pounds. A good connection (hard wire not wifi) is vital, as well as no interruptions.

Trading day number 2

Another, small scale, successful day. My Betfair balance now stands at £56.61. Not bad, if you consider that it is a ten percent increase over 2 days!!
I've learnt a couple of valuable lessons
1. In play trading on tennis seems to work, as no real 'suprises' happen.... unlike football...
2. steer clear of football 'in play trading'. It's just too volatile, and a sudden goal can leave an open position looking pretty dam grim!!
3. Don't bet - trade.

These seem to be some pretty clear personal guidlines from a full days trading. My biggets trade was worth no more than £10 of my own money on the day. I feel like i will continue a week or two like this, and then increase my stakes to £30 and then finally to £50. Obviously, this all depends on my trading and planning being successful!!

Trading day number one

A reasonably successful day. I only ever used small amounts of cash... averaging at £5.00 but varying from £2 - £15. By 'laying' low and 'backing' high, i made myself into a number of hedged position. A hedged position meaning that i would get a favourable result no matter which horse or team won.

Main wallet

51.32

51.32

so thats £1.32 profit on the day. Ok, not massive money, but its a start :)

There was a you tube clip for this betrader pro software which i use, and i wanted to include it here on the blog, but it seems to have gone awol. when i find it, i'll post it!!

So.... here we go !!!

I've spent the last days experimenting with the betting site and some applications. Euro 2008 has been an eye opener... i've been up, down, even...some teams have let me down some exceeded my expectations. I've used trading software, betted on rank outsiders and sure favourites. from all of this, i have developed some sort of a plan....
1. Tennis - First round of competitions bet on the top 5 strongest players. its highly unlikey that someone like Nadal will lose in the first round. Its as guaranteed a win as you are likely to get, all thhough the return is small.
2. bet on cricket -'live in play' unlike football, which can be too fast moving, there is plenty of time to hedge a position in cricket betting if things start to go against me.
3. trading on horses 20 minutes before the race. By laying and backling the favourite a number of times, i can make a situation where i can hedge my bets and have a profit 9small) no matter which horse wins.
To do this, i've been using the bettrader pro software, which i will publish a link too later on tonight.

Personal rules.
1. Don't chase losses
2. let profits run
3. Hedge at the earliest opportunity
4. concentration
5. discipline

i've upped my betfair account to £50, and starting today will publish my results for each day as i get on... wish me luck !!!!