Good Results....Really
I have posted some results from yesterday below. I generally use much larger stakes but I am well above my results moving average (a bit of an experiment) for the month at this stage so plan to ease off until the end of September. It was actually a good day for me - even though I took a loss. I'll explain....
I keep an account where all I try to do is lay to match bookmaker SP. This tends to be easier on the lower priced runners and of course the lower priced runners often win. Yesterday was a good day for favourites so a lot of them won - which means that there was no profit showing in my account.
Note how I use the words 'no profit showing' rather than the word 'loss'. That is because I do not look upon the day as a loss. Across the cards I beat bookmaker SP prices to the tune of GBP 235.00. The 'loss' showing in my account for yesterday is GBP 587.90 - when to bookmaker SP this would have been GBP 822.90.
I would still have been very happy to have only matched bookmaker SP with my bets - losing GBP 822.90 because if you can do this you naturally still come out well on top in the long term.
Effectively I can look at a day like this as a very good days 'profit'! But realistically, this was one of those frustrating days where I did extremely well - but had nothing in terms of 'real profit' to show for it.
posted by Betting Exchange Trader
