Ouch that hurt tonight

Football, Soccer - whatever you call it. It is the beautiful game.
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dmbusa
Posts: 274
Joined: Wed Jan 09, 2013 8:33 am

just had a night of really bad timing on the correct score markets, three times I had just hit the trade button to get out with a nice profit only for the game to suspend while the bet was being placed.
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L.o.S
Posts: 166
Joined: Sun Apr 28, 2013 4:05 pm

Do you have a feed for the games to try and avoid this as much as possible?

If I'm working with football markets I try to drip feed my stake out bit by bit, so if you had £20 on the 1-0 scoreline as it was coming in, take it out £2 at a time, earlier than you might normally want to. Then when it goes wrong you'll have less in the markets.

You could also look at hedging. If you can lay at the back price, and back at the lay price on the Over 2.5 market a few times over, and leave all the profit on that market you have an insurance against goals going in.

Hopefully a few ideas to work with there, most importantly chin up: bad trading days get us all! If you can take a lesson from them it's money well spent IMO :)
haichless
Posts: 125
Joined: Tue Jul 17, 2012 5:04 pm

overall drip feeding is a good idea, but its worth pointing out that although your exposure is reducing as you drip, so is the length of time you will have to stay in the market to gain your profit,or reach your exit position.
dmbusa
Posts: 274
Joined: Wed Jan 09, 2013 8:33 am

Hi Guys

Thanks for the very helpful tips and comments, will most definitely be drip feeding the lay stacks from now on and trying the hedging as well.

So many thanks for the tips. :D
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L.o.S
Posts: 166
Joined: Sun Apr 28, 2013 4:05 pm

haichless wrote:overall drip feeding is a good idea, but its worth pointing out that although your exposure is reducing as you drip, so is the length of time you will have to stay in the market to gain your profit,or reach your exit position.
Very true, if you want to drip feed you either have to take more exposure time for the same profit, or the same exposure time and reduced profit.
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