9th September

Horse Racing: GBP4.29 Total P&L: GBP4.29

Well not a bad day one main selection for betting purposes which obliged and after deductions i still walked away with 1.8/1 which i was pleased with.

Trading is hard work at the moment with the ropey conditions there seem to be very few definitive market moves and i believe this is reflecting in the daily results.

I would be looking for more like a £10-15 return from a £100 bank and it is annoying that this is not being realised. I was on target for a £14 return today as i was sat on a banked £8 from the day and was 5 ticks up on a particular selection in the last race i traded when the market swung back rapidly and took me out in a shot. at the time i was very cross but at least today was a profitable one and things take a positive if small step forward.

It will be interesting to compare the graphs i upload as the weeks go by and to see if the correlation continues.
at the moment we are making 3% bank growth per day which is less than i want but is acceptable long term.

Betfair have announced yet another charging procedure to strip more profits from us which is disgraceful in my opinion. Profitable players will now be giving away an extra 20% of their profits under this new scam i mean scheme.

Betfair have played on offering the customer agood service long enough to gain amonopoly and are now utterly exploiting their members. I know many pro traders and they are all very much disgusted with the actions and are looking to move straight away. I also know that certain developers are working to produce an exceptionally efficient interface for betdaq so betfair could be knocked out of their comfort zone very soon i certainly hope so.

www.bettingbizness.co.uk