22 January 2008

I traded on the Liverpool v Aston Villa game last night and managed to make a profit of £5. Unfortunately for me, this was all betfair's money though I did get a free shirt and a couple of beers.

I was at a free Betfair education night put on by two of betfairs people, which I had received invitation to by email. It was a good night though I didnt really learn much new. If you are a complete beginner it's well worth going. I did learn a nifty way to level out your position using only the betfair interface and also a lovely if unethical little program that allows you to keep an eye on your bets while at work - even if your company is one that likes to block all gambling related web pages. Its called bet watcher and can be found in the betfair labs section. It was also good to meet a few fellow gamblers and have a general question and answer session. We then proceeded to watch the liverpool v villa game and were given £50 to trade with using demo accounts. For a fleeting moment, I did consider putting in a crazy back at 1000 on some empty market using my mobile and then using betfairs fund to lay, giving me 50 quid. But who would want to fleece the good people of betfair out of 50 quid? I considered I would probably get caught and banned for life so decided against it.

Those in profit on the match won a betfair polo shirt. I'll be sure to get that one out next time im painting the house :)

As for my own trading, well my funds are still a bit tied up which means I havent been able to do much. Ive been trying to trade the next manager markets for Scotland and Ireland and have managed to get a green book on Ireland and a pretty much green book on Scotland (red on tommy burns). I actually managed to back george burley at 6.8 and it looks like he will now be getting the job to give me an 8% profit.

I manoueverd to a big red on gerard houllier for the irish job when i heard from the bbc that he would not be going but then as a number of further rumours came out i was extremely worried that I had made a big mistake. Luckily, the market has managed to flip flop a little and i managed to offset my profit on venables on to houllier to give me 7% on houllier and 6% profit on venables. 1% profit on everyone else. Hopefully these markets will get sorted out soon cos I want some funds back to get going on the poker and football again. :)