söndag 2 februari 2014

Introduction to this Blog

For quite a while, a couple of years atleast I have managed the Swedish Blog "borsochbetting" roughly meaning stock market and betting. When I started it the purpose was to keep track of my Tennis Betting record as well as sharing my thoughts on the Swedish Stock Market. This worked very well for three years and I was doing very well, especially with the Tennis Stuff, although stakes were quite small up to €10 per bet or so I made a solid profit, not enough to quit my day-job, far from it but still very respectable results.

In 2013 however things started to go wrong. For reasons unknown to me my strike rate fell by a couple of percent which was the difference between making a profit and making a loss. Before I got too far into that trying to chase back lost money with silly bets I decided to take a break from betting and collect my thoughts on what to do.

By then I had started following another Blog in Swedish by a bloke who did quite well trading on Betfair. I was never very good at this especially not in the in-play markets which frequently gave me small wins and bigger losses. Plus with a job and a family it wasn't really a good idea because it takes alot of time, usually in all the wrong times of day.

The solution was to take my experiences from tennis betting into pre-match trading of tennis matches and try to predict the way odds will move instead of predicting outcomes. There's nothing more frustrating for a bettor than to do a fine analysis and wager on a match only to have the player under perform or choke while trying to close out the match. With pre-match trading I don't have to since positions will be closed before the match begins.

I've been doing this for about six months focusing on tennis and football (soccer for those who believe football is played using hands and a mis-shaped "ball") and now I believe it's the time to go public with my work.

My goal is quite simple, to achieve a weekly profit of 2% at a low risk. This may not seem much but it has proven a quite realistic target and so far I'm up about 55%. This Blog is called A Small Fish because that's what I am. My total trading bank as of today is about €500 which obviously is a fair sum of money that could buy me five nice pairs of shoes or more than a months worth of food for my family etc but compared to the sums the "Big Fish" are trading it's just pennies.

Inga kommentarer:

Skicka en kommentar