Wednesday, 11 February 2009
New Blog
http://thedailyjolly.blogspot.com/
I have also added a link on the right in the blog's list.
A few days off
I think I have been served up my fair share of bad luck recently which was highlighted the other day when I had backed Miss Sarenne for £100 and I was counting the winnings and celebrating McCoy on his 3000th winner when down it came at the last fence when well clear.
I have had a few 'bad beats' like that the last few days and I have let it get to me. Self discipline is so important in this game and if you lose it and go on TILT you can soon be staring at a very poor P&L statement. Thankfully I have been able to recognise things are not going well and have stopped to look at why. You don't just become bad at this game overnight. I think I have let this poor run of form just get to me and get me down and hopefully I can turn it around.
I have therefore decided to take today off - well the decision was kind of made for me. I thought with Musselburgh reinspecting at 11am that the meeting would go ahead, however, when that was cancelled I decided to do something else, the hoovering - joy oh joy, but it has given me the chance to think about things. I logged onto the BF forum and see that the site was down for the first few races anyhow so I am glad I didn't bother wasting anytime.
It seems from looking around the blogs that quite a few people are having a tough time of it so far this year and I don't think the weather is helping matters and prospects don't look to much better for the rest of the week. With Kelso already off tomorrow and Chepstow inspecting at 8.30am I will take the day off if Chepstow is off otherwise I will crack on as we have Dubai on plus 2 AW fixtures.
Anyway I hope all you readers are doing better than me at the moment, is anyone else having a tough time?
Monday, 9 February 2009
My Link to The Form Guru
The comment left yesterday was:
I do not mind saying what my link is which follows a comment that was left on the blog by the owners of The Form Guru at the start of this month just before their free trial started:
- info said...
-
Hello,
We have read your blog for a while and like how you both trade and bet and play inrunning.
We also noticed that you mentioned you follow some tipping services.
We are a new tipping service and we are offering our selections for FREE for the whole of February and wondered if you would be interested in taking us up on this offer.
Our website is www.theformguru.com and you can register there just by filling out a very short form.
The service we offer is Back selections, Lay Selections and Back to Lay Selections.
All of our selections/results are proofed through the well known Racing Index service to both SP and BFSP so you can have complete confidence in them.
We have two strong selections today which if you contact us before 3pm today we will send straight to you.
After the FREE trial you are under no obligation to continue with us but if you do wish to we will charge just £1 a day on a 30day subscription period.
If you would be willing to display our selections after each days racing on your blog and add a link to us on your blog we are willing to offer you a special deal which will also include a link to your blog from our site.
As we said this offer is completely FREE, all we need is an email address from you and your name so we can send you the daily email.
You can find our site at www.theformguru.com
Many thanks,
The Form Guru - 01 February 2009 14:18
I have no issue with stating that that is the relationship as I know that the same offer has been made to other blogs such as JP's Betting Blog., which you can see by clicking here.
Anyway I hope that clears up the issue and answers Anonymous's comment?
I shall continue to post the selections up both good and bad as I have done since the free trial began, but at present they are all pretty good with just one loser so far this month.
Sunday, 8 February 2009
The run continues
I haven't really been in the mood to post recently given the poor form I am in, I find it hard to do a post when things are not going your way but I guess you can't just talk about the good times. I hope by detailing my poor form at the moment on here it will help me break out of the cycle.
Friday didn't go very well and I ended up about £70 down for the day. The current weather is making the races very tough for the horses and that was shown perfectly in the 14.40 at Fontwell when Kayf Aramis was cruising in front and looked to have the race sown up. Over £15,000 was traded at 1.01. However, on the run in he began to hang badly and pull himself up. I had thought my back bet of £44 on him at 1.16 was in the bank having already done a trade on Latanier by backing him at 2.6 and laying off at 2.2. This as you can see below meant I was looking at picking up £14.
Though as I said the horse began to pull himself up and Latanier came from well back to come through and win the race. This just about summed up my day - so close yet so far!
I decided to try out my trading on Saturday and follow on with the idea that had worked so well the weekend before. Unfortunately it didn't go anywhere near as well and if I hadn't gone on a run of winning races towards the end of the day it would have been worse.
The day was saved however by The Form Guru who tipped up Pause and Clause as their only bet for the day which won easily at a Betfair SP of 2.42. When I received the tip I had a look at the race and I strongly fancied the horse so I decided to have £100 on at 6/4.
The tipping service is on a great run at the moment and have given so far this month 5 selections of which 4 have won. Anyone wanting to register for the free trial can do so by click here.
I have decided to not bother with trading today as there is only one meeting on and so am instead going to watch the football. I am going to have one bet today that I have been tipped, I was given the same horse by two tipsters and agree with the selection so will be having a decent size bet on it.
If you are doing anything today best of luck!
Update:
Well I hope you all registered with The Form Guru as they have just racked up another winner to make it 5 winners from 6 bets since the start of February and I have just had a sizeable win. The horse was Premio Loco and he just won at Kempton. That win has made the weeks P&L look a lot better - time for United v West Ham!
Thursday, 5 February 2009
2 winners from 2!
Today my betting was shocking, I had just the one small win from my own selections and to be honest that wasn't exactly much to write home about. When I got up this morning and looked out the window there was a fresh covering of snow. So on went my wellies and out I went for a walk. Given the headlines on the news I wasn't expecting any racing to be on so I didn't have a look at the racing before I went out for a walk.
When I got home I put on ATR and was surprised that we had a 4 meeting feast, so I did something stupid and tried to look through all four meetings. I quickly ruled out the Dubai card, however I didn't have long enough left before the start of racing to have a proper look at the other three meetings so I ended up spending too little time on each rather than concentrating on just two of them.
When betting there is no substitute for putting the time in, if you put little in you will get little out and that is what I got today, well actually I got nothing out - I lost!
Once the racing was underway I got the daily email through from The Form Guru. The last few days they have not had any selections so I wasn't expecting anything today given the fact the racing was already underway before the email was sent out. However, they had two selections:
1. 2 Points win bet on Merrion Tiger in the 14.30 at Southwell
2. 2 Point lay bet of Bruslini in the 15.20 at Taunton
As I had a gap until the next bet and was eating my lunch I looked through the form using the Racing Post and I agreed with both selections so I put a bit on Merrion Tiger at SP on Betfair which returned a nice 3.05 and I laid Bruslini.
Merrion Tiger didn't win as well as I would have thought, however the lay of Bruslini was in the bank a long way from home as it was well beaten into 4th by 23 length.
Anyone wanting to register for their selections can do so for free for the rest of February by clicking here.
If it wasn't for those two selections I would have had a dire day but in the end I got away with a relatively small loss. Hopefully the racing on Friday and Saturday will both survive the weather as there is some great racing scheduled.
Hope you had a better day than me!
Wednesday, 4 February 2009
Snow stops play
I didn't like the look of today's racing this morning and I was right to tread cautiously, the day seemed riddled with dodgy short priced favourites, who had holes in their form, but didn't have enough against them to lay, or otherwise tremendously competitive handicaps.
The last few days The Form Guru who contacted me the other day and who are offering a free trial for the whole of February have not had any selections, not surprising given the weather.
Hopefully racing will be back on track soon. Though tonight I will be having a few beers and watching Liverpool v Everton. Should be a good match!
For anyone who missed it live today, WUBT radio was back on at 1pm hosted by the Man Of Mystery. You can listen to a replay of the show by click here. The show featured a full time poker player who travels the world and pays for it by playing poker online. It is a definatewly worth a listen!
Monday, 2 February 2009
Looking good
In that race as you can see below I got on Limerick Boy at 2.96 for £150 and laid off at 2.86. I then saw that Ofarel DAiry was showing a drift trend so I laid it for £300 at 1.98 and got out at 2.04. This meant I made a nice £14 from the race.
So the new trading style looks promising though I shall wait until next weekend to try it again.
The weather this week looks dire and I can't see there being much racing on, at least not in the first half of the week. I have got some jobs to do so will look to do them on Monday and Tuesday as I would be surprised if there will be any racing on at all.
Today I was also contacted by a new tipping service that is offering a free trial of their service throughout February. The tipping service is called The Form Guru and you can see their site by clicking here.
They are offering to anyone who registers at the site, their selections for the remainder of February, after which you can either leave or continue at £1 a day. They offer Back, Lay and Back to Lay selections. They have asked me to do a post which I don't mind doing one day this week when the racing is quiet.
I got todays selections from them which was a 4 point Win bet on Kalahari King which won and a 1 point win on Mohayer who was unplaced. I decided to put a little on the first bet as I fancied that horse as well but didn't back the other so got a nice profit.
Right time for the Super Bowl!
Saturday, 31 January 2009
Small loss but good idea?
I have been reading several form posts and blogs about trading for some time now and this has led to me rethinking the way I trade. I normally only look for small price movements of say a tick or two. Although this has proved profitable it has not proved massively profitable.
Therefore, today I slashed my trading stakes to £200 and set about looking for some longer term trades. If the markets were looking stagnant I reverted to my 'scalping' style though I was always on the look out for longer trends.
As you can see from the image below there were a lot of races where I just closed out for no loss and no profit, however, considering my stake size I was quite happy with some of the profits I achieved. The highlight being the 16.10 where I won over £7. The number of losing races were kept down though I was disappointed I lost so much when I did lose but overall I think the new style looks promising.
As long as all the racing is on tomorrow I will be back trading again and will again be looking to implement today's strategy. So on the day a small loss of about £30 thanks to the straight bets not doing any good but overall I think the day was a success!
Friday, 30 January 2009
Quick round up
When the racing is like this Discipline is key and you need to be careful as you can soon lose track and more importantly money. That is why I have been using reduced stakes and been trying to be prudent with my in-running betting.
Looking back on the month it has lived up to expectations of being a hard month to pick winners with the heavy ground and a lot of poor quality midweek racing, so as I said discipline is key and keeping your head above water is the most important thing.
We have to be thankful for the AW racing and this can prove to be good in-running fodder. The races are often extremely difficult to work out pre-race but most of the races are extremely pace dependant, most especially at Southwell, where any leader that gets an easy lead is proving very hard to peg back at the moment (my 25.0 in-running yesterday on Aureate was pleasing proof of this!).
The only race I liked the look of today was the 3.10 at Catterick, the novice hurdle. Despite a lot of professionals tipping Palm Reader, I was more than happy to take him on under a penalty, as the form of his last time out victory is moderate. I had a slight preference for Be Brief after a good run behind Tarablaze last time, but in the end decided to split my stake between Be Brief and Time For Rupert (Paul Webber's only runner).
I still can't work out why Time For Rupert touched 12's IR but he won very well and is yet another boost to the form of Bensalem, who I am very keen on for the 3-mile novice hurdle at the Festival. He's crying out for a proper test of stamina after getting outspeeded by Diamond Harry last week.
So you heard it here first - get on Bensalem for the Festival!!!
I shall be trading over the weekend as usual and am planning on trying out some new ideas so I will probably be using reduced stakes. I am also likely to have a few bets so check back to see how I get on.
Thanks for the comment on the last post - any other questions just ask!
Have a good weekend!
Its Cold Outside
Summer still feels a longtime away and that will only last 3 days!!!
Thursday, 29 January 2009
Leading from the front - yet again
Today was my first day back after my break as I mentioned in my last post. As I have had a few days away from it recently I thought I should take things steady to begin with which meant there were not really any fireworks or much of not to be quite honest in the first couple of hours of today's racing.
However, then came the 3.20 and Aureate - it got of to a good start and was soon leading though taking a keen hold. With the last 2 meetings showing a definite bias towards the leaders I thought odds of 25.0 was far to generous and I clicked to back - unfortunately I only got £5 matched at that price and could only get another £2 matched at 13.5
Before the off I had a little bit on Take Me There at 3.6 and as you can see I was taking things steady there with just £11 on it.
Aureate was headed over a furlong out however it came it was second wind and managed to get up to score by a head and beat El Diego who as you can see from the screen shot traded as low as 1.02!!!!
So all in all that race went very well and to be honest was the only highlight of the day, the rest of the day was not upto much, about breaking even on it but the big win in the 15.20 meant it was a £150 day which I will take everyday of the week!
Sorry I messed up the screenshot and you can't see Aureate fully but you can see the bets I placed.
I will be back posting regularly so please continue to read on and give me any advice you want or ask anything you want!
Monday, 26 January 2009
Short Holiday
It was great fun and I would highly recommend it to everyone - I am away as I write this and will be until Wednesday. I really need to knuckle down though when I return and promise to get back to regular daily postings and will start covering other topics beside just betting.
Hope you are having a good time of it and please check back on Thursday!
Thursday, 22 January 2009
Poll Results
Tomorrow's weather doesn't look great so I may try and get my jobs finished off and not bother with tomorrow if there are cancellations. Hopefully next week will be back to normal.
So today I will just do a quick discussion on the poll results that I conducted this week and am most grateful for people taking the time to vote.
As we all know there are many ways to use Betfair and it looks from the results most of you use the site in several ways. The main ways are to Back, Lay and Trade. Obviously there are other ways to use Betfair and it can be used in conjunction with other sites to make a profit but I personally don't do that.
As you will know I look to Back and Lay in the week and trade on the weekends. I find this arrangement works well for me though I will review it in time and see if I might be better trading in the week as well as betting. I enjoy all three disciplines as it challenges you in many different ways.
It would be quite interesting to know if those of you who just do one of the main 3 have actually tried doing some of the others and if not why not? Also it would be interesting to know if you tried them but decided to say stop laying but carry on with backing and trading.
I started out as I guess a lot of people do thinking that laying is the easiest way to make money - well how hard can it be to pick a loser??? Well once you actually start doing it you soon realise that it isn't as easy as you first thought. But try and pick a winner and they never win - lol.
So after getting stung on the laying front I went back to straight backing, then after reading through some of the other blogs and forums around I got into trading and slowly ended up getting back to laying be much more selectively than I was at first. I then started to venture inplay.
I still just use my home ATR and RUK pictures but really must get to an exchange shop one of these days and see if there really is as much as an advantage to be had as people say. Anyone any views on them?
Finally, I would like to say it is good to see there is a mixture to what everyone does as we really could not operate without one group. Traders, need backers and layers and vice versa - we really are just one big happy family feeding Betfair!
. Tomorrow doens
Late again
Sorry for the late update - I had hoped to do this post before yesterday's evening racing as I had a big word for Harald Bluetooth but I was running late and had a function to go to so I am sorry I didn't get chance to give the info I had.
Although a good day it was frustrating at times as I made some stupid errors. I had £50 on Don't Stop Me Now pre-race with a fixed odds bookie at 11/10, as I thought the form of her last run when just touched off by West With The Wind was easily strong enough for her to take care of today's bunch, especially with her receiving so much weight and being ridden by a most promising conditional jockey. Victory was never really in doubt from flagfall.
I just messed around in-running for the first part of the afternoon, I was pleased with my discipline backing a couple of winners rounding the home turn, but then got stung with a lay that found far more than looked like it would. However, I pulled things around with a bet in-running on Plush at Wolves. I was going to back it pre-race, but a fast pace is essential for this hold-up performer and thus I was right to wait until I could see that the leaders had hared off in front, playing right into Plush's hands, who bolted in for excellent trainer, Tom Dascombe.
So all in all a decent enough day and one I have to be happy with. Next time I will try to get the info up before the race!
Wednesday, 21 January 2009
Leading from the front part 2
Anyway, last Thursday I did a post about the leader bias at Southwell and how I used it to my advantage. Well I was on the look out for it again yesterday and it was still there even if it took some jockeys until the last to realise!
I had a good day being able to get some nice prices on the leaders, I messed up the screen grab below but the profit on the winner was £66. I am not sure how Spencer's mount was 4.1 when I laid it, I wish I had laid more, but don't we all when one gets beat. I also backed the second horse in order to cover my position incase we were caught up front. I just wish I had had more on at 9.0 on the leader!!!
The leader bias was there all day and I got some nice price on Spencers mount in the last. I will be keeping an eye out for it again next time they race at Southwell and I hope you do as well!
Monday, 19 January 2009
Photo Betting
With meetings being cancelled left right and centre I decided to get several jobs done that I have been putting off for a long time this morning rather than spend it reading form.
I had one bet advised to me this morning and that ran last, however, I don't blame the tipster as the horse was Pulled Up as it was clearly not right. The horse went off at 5/4 but I got the morning price which was 3.2. The horse was Antilla and was running at Wolvs. I will be keeping my eye out for it next time as it was clearly not right today and was being pulled up within a few furlongs. I think it will be a bet for me next time.
The rest of the day was pretty much a non event I did a couple of bets on the 14.50 as you can see below but thanks to getting some generous odds in the photo finish I managed to come away with a small profit on the race and earlier on in the day someone was again giving what I considered huge odds in what I thought was a clear cut finish so I put a bit on to 'buy' money.
Tomorrow could be a day off as it doesn't look to promising weather wise. I will get a post up soon on some of my views and horses to watch for at Cheltenham.
Hope you all had a profitable day!
The Weather Strikes Again
Lingfield's card today was called off yesterday not long after I did my post and this was then followed up by the Fairyhouse meeting that was called off on Sunday and rescheduled for Tuesday also being called off.
Things don't look overly promising for the other meetings on Tuesday with inspections planned at both Leicester and Sedgefield on Tuesday morning ahead of racing.
Fingers crossed they go ahead - the number of meetings lost already this year must be some kind of record!
Sunday, 18 January 2009
If it isn't the frost it is the rain!
On days where there is not much racing on I find it best to not really set yourself much of a target. With 13 races I decided £50 should be easily achievable, averaging just £4 a race which is only one or two ticks a race. Well as you can see below I traded on 12 of the races and managed a little over £50 which is pleasing enough as I was able to spend time between races catching up on other jobs as I only trade the 5minutes before the off.
Lets hope that the weather gives us all a break and we can get back to normal after what has been a dire period of cancellation after cancellation. It is also back to my main bread and better of betting tomorrow as I find Mondays markets particularly weak and thus much harder to trade.
Good look for the week ahead!
Saturday, 17 January 2009
Just a quick post
Today was a great days racing and one to enjoy. I can't say I enjoyed it hugely at times as when trading the pre race markets I was caught by a few big orders that came into the market and cost me. I did some straight betting today with the bookmakers and on Betdaq that went ok but nothing really to write home about, the tipsters weren't up to much really and my own bets didn't exactly all go to plan.
On weekends I like to really have a go at trading the pre race markets as the markets are a lot better than during the week. In the week you see a lot of what I call spoofing where someone will put up an amount, usually several thousand to try and push the price in the direction they want. On the weekend with a lot more people punting the markets are so liquid they can't get away with this.
Overall it was a good days trading but as I said before I was caught by a good few large orders coming into the market which wiped out my profit on the race and led to small 'actual' losses. If I have say £30 green on a race and that gets reduced to £5, I count that as a £25 loss even though I haven't actually lost anything if you get what I mean????
Anyway here is my P/L from my trading account today.
Hope you had a good day - time for a beer and the football - enjoy!
Friday, 16 January 2009
Slow API
As I understand it Betfair altered something yesterday and that seems to have made things a lot worse for me. Now obviously this doesn't have any impact on my straight betting but with no selections given out from the services I subscribe and thew fact I was out last night and didn't have time to study today's racing, I decided to give trying to do any pre race or inrunning stuff a miss.
I bet the person/bot that made the error off back Faintly Hopeful before the off at odds down to 2.22 when it was a 200.0 chance wish they had given the day a miss as well!
I will be back tomorrow for what should be a good weekend of betting and trading! Drop me a comment if you want as I am hoping someone at least is reading this :)
Thursday, 15 January 2009
Leading from the front
The day was going pretty slowly but it was becoming apparent that the leaders at Southwell were proving to be very hard to catch so I looked to back them inrunning and then lay off to ensure I didn't lose, this worked quite well as you can see below.
However a race later my bet on Johnee Joblot at Thurles went astray when the horse came to the last race cantering all over the others and looking sure to get up and win me a nice amount. However, in what proved to be a crazy period the horse ran out at the final fence and my money was down the pan.
Things quickly improved in the next race though when I clicked to back Just Smudge and got matched at 3.2 which was very nice. I quickly laid off my bet at 1.13 to ensure I couldn't lose on the race and ended up picking up a further £80 odd.
Just when I thought things were back on track I got done again this time at Ludlow where my prerace bet given to me by one of the tipping services I use was home and hosed only for the jockey to 'fall' off in the last couple of meters when it was well clear leaving the horse in second, who had been matched for about £300 at 1000.0, to come through and pick up one of the most unlikely of wins!
On the whole a respectable enough day but boy did things go against me at times!
First bet for the Blog and its a Winner!
Every way I looked at yesterday’s novice hurdle at Newbury, every way I imagined the race being run, Mad Max was going to win. The sticky ground was a minor concern, but these are the type of races in which I like to have a proper bet. Only 4 or 5 horses with any realistic chance and on tried and tested form, one horse stands heads and shoulders above the rest.
There was plenty of evens, 10/11 and 5/6 on Mad Max in the morning and since I rated him about a 2/5 or 1/3 shot, this illustrated that this was one of those times to bet odds-on. The key to betting at short prices is to make sure that you have as many factors as possible covered and no major doubts.
Mad Max has beaten Karabak on the bridle on his sole hurdle start at Ascot. Karabak then came out and thrashed Mahonia at Cheltenham. Prior to that race, Mahonia had beaten Medermit easily and then Medermit came out to win the G2 Kennel Gate Hurdle at Ascot, beating Dee Eee Williams. Dee Eee Williams had previously just beaten Shoreacres (Mad Max’s main rival on form today), so on a simplistic level, Mad Max had around 10-lengths in hand on Shoreacres today.
The only other main rival in today’s betting, Cockney Trucker, was all out to beat Unfurled (rated 118), so since Mad Max is no doubt going to be a 140+ horse, Cockney Trucker in my eyes represented no danger whatsoever.
Mad Max jumped and travelled supremely well on his hurdling debut, his bumper form backed up the strength of his form, so I thought this was one of those races for a proper bet.
It’s nice when it works out! Obviously you are always susceptible to an improver in a novice hurdle, but I really couldn’t see anything coming out of the woodwork on this occasion. It will be fascinating to see where Mad Max ends up at Cheltenham.
I had several bets with fixed odds bookmakers, but here’s my Betdaq bet...
(Click on image to make it bigger)
Wednesday, 14 January 2009
Hello World
This is my first post on my new blog and would like to welcome all readers to it.
The blog which I plan to update on a near daily basis will follow my adventure as I try to make a living by betting and trading on horse racing via the traditional bookmakers and betting exchanges.
I have been involved in betting on horses for several years now and have always wanted to try and make a go of it full time as I feel I have the knowledge and ability to make it pay. Furthermore, I have been trading using the two main betting exchanges, Betfair and Betdaq for several years now on a part time basis. Mainly weekends and evenings.
Although I have a good knowledge of form I also use a few tipping services which I feel suit my style to help supplement my own personal selections.
As the title of the blog suggests I have been 'Credit Crunched'. I have lost my job and while I am in the process of getting a new one I will be trying what I have always wanted to do, betting and trading for a living. Hopefully I will be able to make this pay and not need to get a job ever again but in case that doesn't happen I am still looking for a new job but by the looks of how the economy and country is going I can't see that happening anytime soon.
Anyway I shall stop waffling on and hope you will join me on what is sure to be a roller coaster ride - hold on tight!
Hi there,
Are you connected with "The Form Guru" in any way or getting paid to promote them? You mention in every posting several times so either it's a fantastic service or there's something in it for you. If you are "promoting", it's not a problem, but you should let people know. Thanks for the blog :)