ManU vs Villa I came up 50p in the red
Sunderland vs Wolves I was £3 in the red
Norwich vs Man City I was £1.14 in the green
So a total loss of £3.36
Had Wolves or Sunderland nicked a goal I would have been in a good place. It also goes to show that it's not worth it with odds so short, such as Uniteds.
I made a fundamental mistake when working out the returns on the bets and not taking into account the cost of putting the bet on! school boy error
Current status for my betting £50 challenge.
Balance £60.02
P/L £10.02
P/L % 20%
Won £72.09
Lost £62.07
I had a go at some sports trading with the Chelsea vs Spurs game. Laying off Chelsea for the win at 0-1 with a liability of £5.30
When Spurs scored to make it 1-2 I had the chance to cash out at a loss of 14p but stayed in for the education. I ended up losing it all but I learnt something so it wasn't a complete loss.
I'm going to take that from my £50 Trading pot... so I'm at £44.70 for my Buy/Sell
I've had a good chat with Fed (check his blog out) around what I did and why it happened so I have a rough idea going into my next trading adventure what I want to do and when I should pull out.
All betting odds are paddypower.com and all trading are betfair.com
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