A off day in Barcelona

Podcast: Play in new window | Download

Last night I traded on the unders on Betfair in the Champions league and I recorded some of the action. I should have recorded more but I was just busy concentrating on making money. Before the games started I have greened up halfway to the 1% profit target for the day. When the games started I put in more trades and let them green up too. I made about 2.5% in the end and I was able to add a little to that total by putting in a late bet on the under 2.5 goals at about 83 minutes on the Arsenal game which was at nil nil, and stayed that way to the end. I traded on all of the games and made varying amounts. The game with less liquidity was the Sevilla game so I traded less on that one.

The way I worked it was to trade at the begining of the game and have my 1% profit in the bag, then add to it after a goal was scored. Fortunately the second goal in the Celtic vs Barcelona game was very quick and so I didn’t get caught out by it. I like to move to the under 3.5 goals to do the next trade if there is enough money on the market, nice to have a couple of goals safety for the trading. It is great to be able to set up trades on all 4 games and see them in the monitored markets list with the latest odds displayed along with all the other necessary information, like Last traded price, net position, whether I have unmatched bets and the current profit or loss.

I will be editing the recording of BinarySoft BDI that I made with live bets Thursday late in the day or on Friday as I have decided to go to Barcelona for the day. I don’t go there too often as I am not keen on big cities too much. But there is an art shop I want to visit and also a book shop, I am keen to buy myself a couple of good sketch books, and get back into drawing again. It has been too long since I was drawing things that’s for sure.

Even though I like BinarySoft BDI I still use BetAngel because it is the professionals choice if you want to do more than trade with a ladder interface. In BetAngel you can set up just about any scenario for making money including setting yourself as the bookmaker. BetAngel even works with Excel spreadsheet so you can have some really sophisticated triggered betting.

Due to the day out I will not get time to follow up on the 80/20 tips on the horses either. Today I was busy editing the Wizardcast 31 in which I showed some of the basic functions of BinarySoft BDI betting software. I like the software because it works native on my Mac and it has a full ladder for trading. It does take a little getting used to at first due to the binary nature of how it works and the odds being represented by nought to one hundred, instead of the Betfair odds. In this latest version you can see the equivalent Betfair odds as a tooltip when your hover over the Binary odds though and that makes it easier to work.

With BinarySoft BDI the closer you get to the event being realised the closer you get to 100. So if you buy a position on the under 2.5 goals , which is the same as a back bet, at binary 50 which is roughly 2.00 in Betfair odds, the closer the odds get to 100 the closer you are to winning the bet. You can buy at 56 (1.79) and sell at 58 (1.72) to make a profit trading in and out.