Betfair Profit & Loss

January Update

2012-01-30T15:51:00.010Z

It's not been a good January on the whole. There has been no consistency at all if you look at the various sports I've been betting/trading on, and both screen shots look quite messy. There are reasons why it looks as bad as it does though - I've not used Betfair as much as I had hoped in January (hence a lack of updates), but bank size issues are still my main problem. When I have been using it, I've been taking extra risks with various bets in order to try and increase my bank size, and it hasn't worked. This is something I hope will sort itself out in the coming months.

January 1st-30th 2012:

Australian wallet:

-£233.48

29th Oct 2011 - 30th Jan 2012:

Australian wallet:

+515.68

3 Month Update

2011-12-24T15:10:00.012Z

23rd Sept-24th December 2011:

Australian wallet:

+£769.88

The Last Month Or So

2011-12-06T22:08:00.012Z

I'll write a more comprehensive update in the week sometime.

November 1st-December 6th 2011:

Total P&L: +£1,749.39

(There have been no Australian markets)

November Update

2011-11-28T22:00:00.005Z

November 1st-28th 2011:

Australian wallet:

Total P&L: +£1,601.60

A Big Improvement

2011-11-25T08:16:00.006Z

I'll keep it short, but November hasn't been a bad month for me. In recent weeks, I've shown a big improvement on Betfair, and all of a sudden things have started going right. Hoping it continues.

November 1st-25th 2011:

Australian wallet:

Total P&L: +£1,216.11

November Update

2011-11-21T22:04:00.011Z

November 1st-21st 2011:

Australian wallet:

+£682.58

November Update 1st-14th

2011-11-15T00:41:00.006Z

November 1st-14th 2011:

Australian wallet:

+£311.07

November Update

2011-11-07T21:32:00.005Z

November 1st-7th 2011:

Australian wallet:

+288.78

Edited 8th Nov:

3 Month Profit & Loss

2011-11-01T10:34:00.010Z

This shows the struggle it has been in recent times; markets that I have done well on in the past are showing negative results. Looking back to last year, I was up around 5k+ on Football and 3k+ on Tennis, and this year both are in the minus figures. This is because I am touching markets I would never have had to in the past in order to try and get to something more workable.

Overall, it's been less about trading and more about risk taking, and those who gamble will rarely win long term. This is something I need to change asap or have that small run of luck in order to get there, but at the moment it's not coming easily.

July 31st - Nov 1st 2011:

Australian wallet:

-£269

Life-time Betfair Profit & Loss

2011-10-22T12:21:00.004+01:00

Despite a bad year, I thought I'd post a screen-shot of my profit & loss on Betfair since I started using the site in 2007 - although it's not the easiest to read through the premium charge portal. Can anyone make sense of it? Thanks.

30 Day Update

2011-10-18T21:54:00.009+01:00

It's getting a bit like Groundhog Day now, but I might as well keep the updates coming. Like I say, the same old story - using a small bank size and it's having an impact on how well I could do. The rest of this year is pretty much damage limitation now or trying to get a big enough bank size ready for the start of next year because getting over 1k is not going to come the easy way. I think March is the last time my Betfair account saw that much which is quite disappointing, considering how well I did in 2010, but you live and learn by your mistakes.

One bit of luck I did have was, I saw one of those 'one off' £5 free promotions Victor Chandler sometimes offer, so I did what I don't usually do and stray away from Betfair. So I opened an account, got the free £5 bet and placed a 7 match accumulator not really expecting anything to happen. Well it just so happens it won (£68.80) thanks to Aguero's last minute goal for Man City against Villarreal. Nothing to write home about, but it came in handy. I withdrew it all straight away of course and called it a day on Victor Chandler.

I don't use normal online bookmakers such as William Hill, Ladbrokes or Victor Chandler as I feel there is only one place your money will go more often than not, and that's to the bookmaker itself. The odds they all offer are very poor compared to a betting exchange such as Betfair - where you are betting against other people, and your chances of making it pay long term is actually possible because of having the option to 'trade out' of your bet.

My plan now is to somehow acquire the bank size I need, and once I do, trade as I did last year. Whether that happens in the next week, or the next few months, I'm not sure, but the sooner the better. Ready for next year is probably realistic at this stage, but you never know.

18th Sept-18th Oct 2011: (including the Victor Chandler win)

Australian wallet:

Total P&L: +£127.42

Last Few Weeks

2011-10-11T17:09:00.011+01:00

Sept 18th - Oct 11th 2011:

Australian wallet:

Total P&L:+£48.40

A Short Update

2011-10-03T21:35:00.010+01:00

September 18th - October 3rd 2011:

Australian wallet:

Total P&L: +£228.11

7 Day Update

2011-09-26T00:48:00.004+01:00

September 18th-25th 2011:

Australian wallet:

+£132.24

Regular updates to follow.

3 Month Update

2011-09-21T13:30:00.006+01:00

Although updating on here isn't my priority at the moment, I will keep the odd update coming.

21st June - 21st September 2011:

Total P&L: -£393.99

30 Day Update

2011-08-24T23:31:00.003+01:00

26th July - August 24th 2011:

Australian wallet:

Total P&L: -£215.53

3 Month Update

2011-08-16T22:45:00.005+01:00

In the last 3 months I've actually lost -£147.19, which explains the extent of the damage. That's all for now.

16th May - 16th August 2011:

Australian wallet:

-£147.19

A Short Update

2011-08-09T12:39:00.005+01:00

This shows no Betfair use in August so far. It's far from an ideal situation, but I will be starting again today with a small bank, so hopefully the break has done me some good.

August 1st-8th 2011:

Australian wallet:

£0.00

Considering Having A Break

2011-08-01T12:30:00.020+01:00

It's a forced break because I am fighting a losing cause, and can't get hold of the bank I need in order to relieve the pressure and make it work. All I am getting is people looking on seeing loss after loss and getting the wrong impression because of it. The reality is, last year when I was successful as any person who does this full-time will tell you, I had access to a big betting/trading bank that helps them build their funds gradually with no pressure. I've not had over £1,000 in my Betfair bank March now, and before that mid-January during the Australian Open. That's twice this year. And it's no coincidence why I find myself in this position.

Last year when I made in the region of £27,000 my bank size never went below £2,000 for 7+ months from February 2010 to around September. It was at around £13,000 at it's highest in June in fact. It only started to go downhill at the bank-end of September during the US Open (funnily enough when I came home from New York as well).

I am still confident of making it pay big (I am still £14,000+ in profit lifetime on Betfair), but waiting here week after week playing with numerous "last chance" small banks is not working and it's getting me deeper into trouble.

24th July-1st August 2011:

-£44.27

30 Day Update

2011-07-24T22:10:00.007+01:00

It's been an up and down last 30 days, and a very frustrating one. I've never really had the betting bank-size I used when I was making the kind of numbers you see below (from April 2010), which is my fault as I have been asking the same questions for too long now, when getting a job for a few months would have given me a bank size of 1-2k+ to get going again.

When I was making the likes of above (if you look at the very earlier entries of this blog) I never had any outsides debts and from memory was using around 5k and building gradually through trading - there were rarely any gambles involved. I've just made so many mistakes in the past few months and one of them was playing with a number of small banks and trying to get to 1k+ the fast way, which was not the way to go in hindsight. Another has been waiting for someone to step forward with a couple of grand based on what you can see in the earlier entries of this blog, but there were no takers and in the process I've gone into big debt. Which I only blame myself for.

I'm at the stage now where I need to ask myself questions, and think about how I can go about this realistically as it is having a negative impact on real matters which is not a good thing.

23rd June - 23rd July 2011:

Australian wallet:

Total P&L: +£106.95

3 Month Update

2011-07-17T12:13:00.005+01:00

Not good viewing, but was caused by problems in April, May and June due to a combination of issues outside of Betfair and a small bank-size. I won't go into great detail about what happened because you can read back and basically see, but I am expecting things to turn round for the better in the coming months now my situation has changed.

16th April-July 16th 2011:

Australian Wallet:

Total P&L: -£529.61

7 Day Betfair Update

2011-07-06T21:56:00.007+01:00

I'm hesitant to keep updating this in truth because it does not feel right, especially in the difficult times in which we live in. Win or lose it seems a bit tacky and might come across as boastful - but I've started so I will probably continue for a bit. Maybe in future I will start giving more updates on the sports I bet on as opposed to just a straight profit and loss screen-shot. Just to show this isn't guess-work, or a '2 flies on a wall' job. Perhaps when I'm back on track and playing with a the bank size I aim for. In the mean-time, I hope continue to build things gradually.

29th June - July 6th 2011.

Australian wallet:

+£491.36

Last 7 Days

2011-07-01T21:55:00.005+01:00

24th June - 1st July 2011:

Australian wallet:

Total P&L: +£1,010.27

7 Day Update

2011-06-26T22:07:00.007+01:00

19th-26th June 2011:

+£226.07

Visit Bet Angel here.

3 Month Update

2011-06-25T23:12:00.008+01:00

This shows the extent of the damage really - the numbers I mean. The losing has gone on far too long, especially if this is your only form of income, like it is with me.

You're probably bored of hearing this as well, but I could have resolved this ages ago, if only I had the bank size to do so, but this is partially my fault. I'm not blaming anyone. It's just been a dodgy couple of months outside of using Betfair. On the other hand, I know it can change quite quickly so hopefully things start going in the right direction from now on.

26th March - 26th June 2011:

Australian wallet:

Total P&L: -185.82