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Diary
Sorry for the delay in the diary for this month for those that do read it, its been quite an exciting month for me. I have always been keen on getting into Trading on the Betfair exchange having participated in match betting for a number of years. Having followed Caan Berry and Peter Webb online for many years I have always wanted to get into it. the reason for not is the fear of loosing money and not having enough time to fully research the sport that I wish to trade on.
So, I finally got involved in trading football last week. It was going great until emotion took over when one trade went against me. Instead of having an exit strategy I froze not knowing what to do and even though the trading was going well at that point my washout was only heading further into the red and before you know it had wiped out all of the weeks profit so far. Then to top it off the same happened the following day, I should have learnt my lesson. I feel that I let my emotion of loosing money get the better of me and instead of taking a small loss I panicked again.
I have now started to trade with an exit strategy in mind, but also I have decided to study the odds movements for my trades throughout the football match as gaining knowledge of how the odds are moving at various times through the game will help me make better informed decisions.
For the full week my trades were as follows
Trade 1 forgot to keep note of game £26.23
Trade 2 forgot to keep note of game £3.60
Rotterdam vs Groningen (Lay the draw) £23.45
Villa vs Spurs (Lay the draw) £22.73
Ath Madrid vs Liverpool (scalped draw) £9.02
Dortmund vs Paris (Lay the draw) £5.58
Man City vs West ham (correct score dutch) £15.02
Spurs vs Leipzig (correct score dutch) £21.13
Derby vs Fulham (correct score dutch) £19.56
Waalwijk vs Rotterdam (correct score dutch) £28.71
Brescia vs Napoli (correct score dutch) -£42.70
Chelsea vs Spurs (correct score dutch) £26.84
Leicester vs Man city (correct score dutch) £28.91
Levante vs Madrid (correct score dutch) £15.89
Arsenal vs Everton (correct score dutch) -£152.09
Liverpool vs West Ham (correct score dutch) -£159
Napoli vs Barcelona (correct score dutch) £27.84
Chelsea vs Munich (correct score dutch) -£1.59
Dusseldorf vs Hertha (correct score dutch) -£94.36
Willem vs Groningen (Correct score dutch) -£92.72
Norwich vs Leicester (Correct score dutch) £28.78
Leaving a total of -£244.15
This is certainly not the start I hoped for, however with my new ideas and attitude to taking a small loss when needed if the trade goes against me, I think I should recover total loss. I know where I have gone wrong so I will fund the loss so I can continue to learn trading.
If anyone who reads this diary does football trading and would like to give me some pointers it would be greatly received, likewise if anyone reading this diary would like to jump on the trading journey with me, reply on here of send me a message and we can help each other going forward.
As the trading has taken up all my time the other savings for the diary are quite small this month, I’ve listed them below
Snap my eats app sent me a £6 Amazon voucher which I used and saved myself £6
Cashback and savings interest from the bank paid £8.61
I opened a new account with Virgin bet for a bet £10 get £5 free bet and because there was an issue with the website when I went to place the free bet they credited me with another £5 free bet so Happy Days the profit was £23.75
Quidco reached £49.99 which was from work trips again.
Totals this post
Matched Betting £23.75
Cashback Website £49.99
Savings Account £8.61
Train Refund £0
Panelbase £0
Apps £6
Ebay £0
Nectar £0
Total £88.35
Mortgage Over payments
Total Mortgage £131,191.52 (before Diary over payment)
Over payment this Diary £88.35
Total over payments £866.13
Over payments allowed upto 31st Dec 2020
Sub Account 1 - £12,133.07
Sub Account 2 - £1,068.40 (£690.52 left)
Updated Totals are as follows
Matched Betting £305.12
Cashback Websites £618.90
Tuck Shop £0
Savings Account £190.19
money Saved £1127.06
Apps £6
Ebay £33.35
£2300.62
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DiaryEven with the slight loss on the trading front its still getting me excited to continue, i've not had much chance to trade much this week as the football games have all been cup games so I havn't really wanted to trade any of those games.
The couple of trades made this week areWolves vs Brighton (correct score Dutch) £8.23
Southampton vs Newcastle (correct score Dutch) £25.42
Barcelona vs Sociedad (Correct score Dutch) £6.72
Total £4.83Leaving a total of -£239.32
I got the strategy completely wrong on the Barcelona trade and turned a couple of winning trades into a break even afternoon. Ive still got a lot to learn but its still getting me excited.£32.42 was paid from Quidco again as all of my tracked work trips are starting to pay out which is good. With still a £126.19 tracked balance still to pay, although this is the lowest amount it has been.My train from Southampton back to waterloo was delayed due to swans on the line, so I submitted a delay claim and was paid 12% of the return ticket price which was £6.12
Currently the world is seeing an out break of a virus that has originated from China and at the moment it is spreading quickly across the world it, its quite scary as its slowly affecting more and more countries. I went shopping this morning and it was noticeable that the shelves were less full than usual. Are people starting to panic? why are people stock piling toilet roll? anyway the reason for the mention is that this outbreak is starting to affect the world stock markets and my stocks and shares ISA has lost over £700 in value overnight. I was hoping to make more of a return in interest on my savings than in my bank. Do I leave the money in the account and hope it doesnt drop anymore or do I accept the loss and withdraw the money? What would you do?Totals this postMatched Betting £0Cashback Website £32.42Savings Account £0Train Refund £6.12Panelbase £0Apps £0Ebay £0Nectar £0Total £38.54Mortgage Over paymentsTotal Mortgage £130,844.98 (before Diary over payment)Over payment this Diary £38.54Total over payments £904.67Over payments allowed upto 31st Dec 2020Sub Account 1 - £12,133.07Sub Account 2 - £1,068.40 (£651.98 left)Updated Totals are as followsMatched Betting £305.12Cashback Websites £651.32Tuck Shop £0Savings Account £190.19money Saved £1133.18Apps £6Ebay £33.35£2339.160 -
Diary
Coronavirus is on everyones lips and will certainly be affecting my diary in the short term or possibly the long term....who knows. The main point is that people must take this seriously and take the correct precautions to prevent the spread of the virus.
All footballing events accross the UK have been suspended so my trading activity will be limited going forward, but here is this weeks trades: -
The couple of trades made this week are
Leipzig vs Spurs (correct score Dutch) £26.00
PSG vs Dortmund (correct score Dutch) £19.37
Total £45.37
Leaving a total of -£193.95
I am still learning but I will turn that negative number into a positive one and start using the trading profits to pay off this mortgage. i have found the key is to take feelings and emotion out of it. No one likes loosing money but sometime scores go against you and you must take the loss immediately. Quick goals in the first half almost kill off any chance of making a profit.
£1.87 was paid from Quidco again from flybe of all merchants. Flybe collapsed due to the coronavirus outbreak so I was not expecting any cashback from Flybe. I used Flybe alot to travel to Southampton for my meetings. It is such a shame to the UK as there are no other regional airlines.
£11.20 was paid in interest and cashback from my current account for this month. Santander are reducing interest from 1.5% to 1.0% and limiting cashback. My cashback doesnt even cover the fee now so it is time to change bank accounts now.
I had a refund of £4 from buying the wrong school uniform last week as for some reason long sleeved school shirts are cheaper than long sleeved? no sure how that works but I will add the money to the over payment.
This weeks matched betting was limited by my time again I only managed to do some Bet UK and Virgin bet existing offers. It was Cheltenham which usually means serious matched betters take time off work to take up as many bookie offers as they can. My total was a poor effort that returned a total of £36.20 as I was stuck in work.
Totals this post
Matched Betting £36.20
Cashback Website £1.87
Savings Account £11.20
Train Refund £0
Money saved £4.00
Panelbase £0
Apps £0
Ebay £0
Nectar £0
Total £53.27
Mortgage Over payments
Total Mortgage £130,806.34 (before Diary over payment)
Over payment this Diary £53.27
Total over payments £957.94
Over payments allowed upto 31st Dec 2020
Sub Account 1 - £12,133.07
Sub Account 2 - £1,068.40 (£598.71 left)
Updated Totals are as follows
Matched Betting £341.32
Cashback Websites £653.19
Tuck Shop £0
Savings Account £201.39
money Saved £1137.18
Apps £6
Ebay £33.35
£2392.43
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Diary
Since my last diary update a lot has happened and the Coronavirus has since spread around the world causing over 110,000 deaths worldwide.
everything has been cancelled and the whole country is being asked to stay at home to avoid spreading this virus further.
This is like nothing anyone has seen for a long time.....I hope people do take note and stay at home so that we can get back to normal as soon as its safe.
some small profits to report this week, which are: -
£7.53 was paid in interest and cashback from my current account for this month. Really need to decide on what to do with my bank now that the interest rate has been cut.
My panel base account from doing surveys reached £19.95 so I withdrew the amount. This took a while to get to this total as I kept getting told I didn't pass the screening questions.
My shoppix account reached £10 for sending in receipts of purchases, because we are buying less due to the lock down I have decided to withdraw the £10 as it will take a long time to reach £20.
Quidco continued to pay confirmed cashback which totalled £41.16. With only having £83.94 left as tracked and no further work trips planned for the foreseeable, this revenue may dry up shortly.
Totals this post
Matched Betting £0
Cashback Website £41.16
Savings Account £7.53
Train Refund £0
Money saved £0
Panelbase £19.95 (added to money saved)
Apps £10
Ebay £0
Nectar £0
Total £78.64
Mortgage Over payments
Total Mortgage £130,483.58 (before Diary over payment)
Over payment this Diary £78.64
Total over payments £1036.58
Over payments allowed upto 31st Dec 2020
Sub Account 1 - £12,133.07
Sub Account 2 - £1,068.40 (£520.07 left)
Updated Totals are as follows
Matched Betting £341.32
Cashback Websites £694.35
Tuck Shop £0
Savings Account £208.92
money Saved £1157.13
Apps £16
Ebay £33.35
£2471.07
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Diarywe have been in the house now for about 8 weeks, Working from home and home schooling is so tough and usually means working long days to try and get everything done. Also its difficult working next to your partner who wants here equal share of the dining room table to work from.
Even though the government have said that it is a possibility years 1 and 6 will go back to school from the 1st June, we have had no communication from the school so I cannot see the 1st june being the correct time for the children in those years to go back.
even though the times are worrying for Jobs, mental health and peoples general health, I cant help but feel proud of how communities have pulled together over the past few weeks to help those less fortunate. I love seeing all the rainbows in peoples window that the children have painted, even though they don't fully understand this virus and the impact that it will have on our lives for weeks or even months to come those Rainbows will bring a little smile to all walking past each day.
the opportunity to make additional money due to what is going on in the world is getting less and less.
the reason for the late update was that I had to change my account to a Santander lite account as they dropped the interest rate to 1% which would reduce my monthly income from the current account so I changed to a Lite account that only paid cashback and not interest. I moved my savings to a Marcus account for a 1.2% interest rate which was the best easy access account last week. Guess what?? No sooner had i opened the account they dropped the rate of 1.05% so i need to look for an alternative. Its been a month tomorrow since i opened the account so I am hoping they pay the interest tomorrow so I can withdraw the funds and close the account and look for a better one. I'm not holding much hope as the Bank of England has dropped its base rate to 0.1% which is an all time low.some small profits to report this month, which are: -My bank account paid £2.70 for some random reason, really dont know why.
Quidco paid two payments of £25.78 & £12.78 for mainly work trips, as I am not working and travelling around I am not adding any cashback totals and as a result only have £34.76 left to pay. i usually had approximately £200 at any one time.
My Nectar Card got upto £15 so i used the points and transferred the money saved.Totals this postMatched Betting £0Cashback Website £38.56Savings Account £2.70Train Refund £0
Money saved £0Panelbase £0 (added to money saved)Apps £0Ebay £0Nectar £15Total £56.26Mortgage Over paymentsTotal Mortgage £130,144.80 (before Diary over payment)Over payment this Diary £56.26Total over payments £1092.84Over payments allowed upto 31st Dec 2020Sub Account 1 - £12,133.07Sub Account 2 - £1,068.40 (£463.81 left)Updated Totals are as followsMatched Betting £341.32Cashback Websites £732.91Tuck Shop £0Savings Account £211.62money Saved £1172.13Apps £16Ebay £33.35£2527.331 -
Have you looked into casino offers to replace matched betting? I've found it very profitable and use Teamcasin0 for info.Mortgage start date Nov 2014 - £90,545 over 25 years
Re-mortgage Oct 2017 - 78,295 over 23 years
Re-mortgage Jan 2020 - 55,000 over 26 years @ 1.94%
Current Mortgage Outstanding Middle December 2020 - £47893.35 - a reduction of £42,652 in just over 6 years!1 -
Hi Bargain Hunter, i've never really got into the casino offers, I didn't think the large rollovers would be very profitable?Bargainhunter30 said:Have you looked into casino offers to replace matched betting? I've found it very profitable and use Teamcasin0 for info.
never heard of Teamcasin0 before, what is it?0 -
Diary
Well the English football is back this week coming albeit behind closed doors it will still help me get back some of the money lost through making stupid mistakes in my trading.
I have decided to concentrate on trading the correct scores and the over/under 2.5 goal markets on the last part of this season.
Decided to find the time to get back into the trading as the liquidity in the markets is picking up and so to the number of games.
whilst typing this blog I have traded two matches which resulted in the following profits:-Koln vs Berlin (correct score Dutch) £11.95
Munich vs Mgladbach (under 2.5) £10.43
Total £22.38
Leaving a total of -£171.57
some small profits to report this update, which are: -
My bank account paid £4.20 in cash back which was the first payment since I changed to the lite account.
Quidco paid £10.62 for a few work trips.
Panel base paid me £12.40 for doing a few questionaire's which soon add up so I will make an effort to do at least one a day.I saved £9.96 from my bank account from last month which was all I could save as I have took a pay cut during this pandemic.
Lastly unibet emailed to say I had a free £25 bet on the next bundesliga game so I matched Frankfurt to win against Mainz for a 25p on the qualifier and then matched a 1-2 score line in the Augsburg vs Koln game for a £17.85 win and an overall return of £17.60
Totals this post
Matched Betting £17.60
Cashback Website £10.62
Savings Account £4.20
Train Refund £0
Money saved £9.96
Panelbase £12.40 (added to money saved)
Apps £0
Ebay £0
Nectar £0
Total £54.78
Mortgage Over payments
Total Mortgage £130,144.80 (before Diary over payment)
Over payment this Diary £54.78
Total over payments £1147.62
Over payments allowed upto 31st Dec 2020
Sub Account 1 - £12,133.07
Sub Account 2 - £1,068.40 (£409.03 left)
Updated Totals are as follows
Matched Betting £358.92
Cashback Websites £743.53
Tuck Shop £0
Savings Account £215.82
money Saved £1182.09
Apps £16
Ebay £33.35
£2582.11
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DiaryNo money added to the total today I just wanted to give an update on the last few days.
my trading of football is slowly becoming more successful, watching the games, research and having a plan is actually helping me claw back the larges losses I made a few posts ago. The last few days have been profitable:-Mgladbach vs Wolfsburg (under 2.5) £8.56
Napoli vs Juve (under 2.5) £3.00City vs Juve (Under 2.5) £9.49
Total £21.05Leaving a total of -£150.52Hopefully with the football back in full swing over the next few weeks I can get that total back to £0 and then start using the money traded to overpay my mortgage. Its slow and steady at the moment.some small profits to report this update, which are: -I am continuing to participate in Panel base questionnaires, however I seem to be screening out of most of them at the moment which is annoying as it takes a while to fill in the screening questions.
i have taken out new house insurance through Quidco for £90 cashback, although it didn't show as tracked so I had to raise a claim through Quidco. Hopefully it is successful.
I have received a £5 free bet via text message from Betdaq which I will match in the next few days when there is some football on.I'm also aiming to have saved a few quick from my salary this month, at the moment its looking likely with only one more food shopping day until payday.I keep reading moneysavingexpert in the hope new ways of earning some extra money appear, if anyone has any further ideas i would love to hear from them. Please do feel free to comment belowTotals this postMatched Betting £0Cashback Website £0Savings Account £0Train Refund £0
Money saved £0Panelbase £0 (added to money saved)Apps £0Ebay £0Nectar £0Total £0Mortgage Over paymentsTotal Mortgage £130,144.80 (before Diary over payment)Over payment this Diary £0Total over payments £1147.62Over payments allowed upto 31st Dec 2020Sub Account 1 - £12,133.07Sub Account 2 - £1,068.40 (£409.03 left)Updated Totals are as followsMatched Betting £358.92Cashback Websites £743.53Tuck Shop £0Savings Account £215.82money Saved £1182.09Apps £16Ebay £33.35£2582.111 -
DiaryAbsolutely cannot believe the mistakes I made trading this week, I got caught out not knowing what to do when some late goals went in. I'm more disapointed in myself at not getting out of the trade as soon as it went against me. I really don't know what was going on, I didn't feel great during the day, I was stressed from work and I was rushing around to trade on the 6pm match. This was the reason for the poor mindset and then I started to chase my losses which just resulted in further losses.
I'm not even going to post the results as I am so angry with myself.Trading balance is now at -£466I'm going to just plug away at this balance slowly and get my winning edge back, its going to take a while but i'm more determined than ever to get this right.some small profits to report this update, which are: -my savings account paid interest of £9.28
Quidco paid nearly the last amount of money that I had in my tracked balance of £7.18
Some free bets dropped inPokerstars bet £5 get £2 = £1.61Unibet £25 get £25 = £22.35Betdaq £5 free bet = £4.13Cashback from my current account paid £4.19 after the £1 chargeTotals this postMatched Betting £28.09Cashback Website £7.18Savings Account £9.28Current account £4.19
Money saved £0Panelbase £0 (added to money saved)Apps £0Ebay £0Nectar £0Total £48.74Mortgage Over paymentsTotal Mortgage £129,500.93 (before Diary over payment)Over payment this Diary £48.74Total over payments £1196.36Over payments allowed upto 31st Dec 2020Sub Account 1 - £12,133.07Sub Account 2 - £1,068.40 (£360.29 left)Updated Totals are as followsMatched Betting £387.01Cashback Websites £750.71Tuck Shop £0Savings Account £229.29money Saved £1182.09Apps £16Ebay £33.35£2630.851
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