Tuesday, 30 December 2008

Hi, I'm Chris and welcome to my Betfair trading blog. Starting with a bank of £100 I will be trading it and hopefully make a nice profit/income.

I will be trading on the UK horse racing meetings, on the favourite's price, from around 10 minutes before the start of the race. Before the race starts, I will hedge my bets, creating an equal profit/loss regardless of which horse wins.

I will be trading on betfair using the BetTraderPro software. This allows me to submit bets at the click of a mouse, submit bets of less than £2.00 and automatically hedge my bets with one click of the mouse.

When trading, I will scratch or take a small loss if the price goes against me and will take the profits if the price goes in my favour. I will NOT let the bet ride if I am showing a loss at the start of the race, instead I will hedge it and carry on with the next race.

At the end of my trading day, I will put a screenshot of my profit/loss on this blog.

Wish me luck!
Chris.

1 comment:

Man of Mystery said...

Hey Chris,

Let me be the first to wish you good luck and thanks for your email. Much appreciated.

Congratulations on winning the prize yesterday and have a tradetastic year.

Good luck mate.

I'll ask Lee to put a link to your blog here if he hasn't already done it.