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A Happy New Year indeed with plenty of green positions

The Betfair Trader brings us up to date with his cricket trading

Monday, December 31, 2007
Happy New Year

Result since last update: £2342.98

Well that's a bit surprising! Mainly because I didn't really get too involved in anything between Christmas and New Year. Did a lot a eating, drinking and family stuff so missed the start and end of the two test matches, traded a set or two of darts and a a single quarter of an NFL match. Looking at the result maybe I should take this less hands on approach into the New Year!

Obviously pleased the results. Nice bit of unexpected green to add to December's results. My most successful market was the first test between South Africa and West Indies. Only caught a few sessions really but there were some absolutely staggering prices available. Knowing I was unable to do much of the match, including the scheduled end, I just kept my liabilities limited and my position in such a way that I could leave it at any moment. I know I discussed the price on the 3rd night / start of the 4th day with some people on MSN but I'm aware it still smacks a little of aftertiming to say the the price on South Africa seemed sheer lunacy. From memory everyone and their dog on the Betfair cricket forum was of a similar view so I'm sure some very nice wins were landed. As it is I couldn't do the start of the 4th day so just left my book in an all green position with some weighting towards the West Indies. Was able to look in later in the day but by then the West Indies were 1.2x and I'd missed all the real action. Still, there's more to life than trading and despite the missed opportunity I'm more than happy with the result.

Anyway, I'll tot it all up another time but from a quick look through my results I'm staggered. It appears I've made over £45k profit this year - while still trading with a £1k bank for the first few months. Tell you something now - if you'd offered me that kind of result at the start of the year when I was still saving for my wedding I'd have wripped your hand, elbow and arm clean off!

Anyway, off to celebrate the new year now. Hope you and yours have a great one tonight and 2008 is a winning year for you. Happy New Year!

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