Posts Tagged may
May
Posted by Peter Webb in Bet Angel on June 2nd, 2011
Another month has gone and I’m feeling more optimistic about the year as it wears on.
Each year I’m deliberately pessimistic at my chances. I’d rather have low expectations and exceed them, than high ones that force my hand. God knows I spend so much of my life tied up in numbers and so on, I swear I’m going mad some times. However, I’m much more relaxed this year about and have spent a lot of time doing new things; it seems to be helping! I’m very driven, but by the need to explore new frontiers. Like any explorer, every ocean sailed leaves me the question of “What’s on the other side of this land?”
I’ve been busy exploring some new land this month on betting exchanges. Nothing has come of it just yet, but its has thrown up some interesting material already. I made a loss on all these new strategies, but that’s fine. I now have an understanding of what I am looking at. My next step is to refine the process to cut out the biggest losers, this will tip me nearer a profitable strategy. Where those occur is obvious from the data I have collected. You should always be exploring. If you stand still in this game you will soon get caught. Keep testing new ideas, thoughts and processes. I use the spreadsheet function on Bet Angel to test stuff nearly every day.
I’m pleased about May, not only did I manage to avoid my jinx this year, but I actually had a pretty good month anyhow. I wasn’t really expecting that, as I had a cracker last year and matching that was an outside chance. But I did it!
June will be different, I had a quiet time last year and nothing really fell into place. As a result I have marked down my expectations this year. But I also have a wedding to attend in June, many miles from my base in the UK. Therefore I owe it to my friends to not touch the markets while I am away. Big weddings like this don’t happen very often so it would be an injustice not to pay it due respect!
May
Posted by Peter Webb in Bet Angel on June 2nd, 2010
I was cursing my comments on April at the start of May. I think I previously quoted that I had the wind behind me. At the start of May, I had a force 10 gale in my face! But by the end of the month things were a lot more comfortable and I put in an excellent performance. Some times the market can be like that.
Somebody was asking on the forum how it’s possible to make £1k a race? That turned into an interesting discussion but the fortunate timing of the thread also highlighted the fickle nature of the markets. As the discussion started, on one day I coasted through the markets and did get a £1k race, but the prior day was a huge battle, but still OK (See below). My point on the thread was that as long as you can get something from most races it soon all adds up. You have to take the rough with the smooth, but you should also remember that with 10,000 races a year and near on £7bn in matched bets, you don’t need impressive individual totals to build up a decent week, month or year. It’s a mistake to go for the impressive figures, especially when starting out.
Which sounds more impressive? I made £1k on the day or I only made £20 per race? In fact at this time of year both can be one and the same. With some days containing nearly 50 races, larger totals are not out of reach for many. Couple that with improving quality in June and there are plenty of opportunities around. June also brings the world cup and Wimbledon so it’s going to be a very, very busy month. I’m going to do some shameless plugging in the coming weeks as we have the perfect set of tools, like Soccer Mystic, to help you through what should be a bumper month. Good luck whatever you are doing and however you do it!
A one day P&L - Little and often works well on horse racing
Manic monday
Posted by Peter Webb in Bet Angel on May 31st, 2010
Seven race cards with generally average fodder on display, good luck if you are having a go. My advise if you are, is to try and pick up on clear opportunities. With so many races on clashing it is inevitable that some markets will be rubbish, but hopefully some will get just inside the required sweet spot. With so many on, just ignore the rubbish ones and try and catch some quality opportunities. Good luck!
[EDIT] – Just been checking my notes from last year and I found a race at Leicester where five horse got to the start but never raced. That has to be some sort of a record?