From the category archives:

General

November 9, 2009

Lay the Best

There were two afternoon and three evening selections yesterday, one of those for double stakes.  Unfortunately, from a betting viewpoint (but not for Andy Murray or Chelsea supporters) both the afternoon selections were losing lays, but at least at very short odds.  Two of the evening selections were winning lays, but the double stakes selection lost.

RESULTS Sunday 08-11-09

Bank: £1243.00
Tennis Murray v Youzhny, lay Murray £25 @ 1.37 = -£9.25 loss
Chelsea v Manchester Utd, lay Chelsea £25 @ 1.99 = -£24.75 loss
NFL Carolina v New Orleans, lay Over 51.5 pts £25 @ 2.10 = £23.75 profit
NFL Tennessee v San Francisco, lay SF £25 @ 1.53 = £23.75 profit 
NFL Dallas v Philadelphia, lay Dallas £50 @ 2.34 = -£67.00 loss 
Bank: £1189.50
Overall P/L: £689.50

Filed under General,Laying by Michael

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November 8, 2009

Lay the Best

There were five selections again yesterday, four afternoon and one evening.  The evening selection lost (the team won), but the afternoon were all winning selections.

RESULTS Saturday 07-11-09

Bank: £1183.50
Wincanton 14.50 Backbenscher £25 @ 3.3 = £23.75 profit
Blackburn v Portsmouth, lay the draw £25 @ 3.55 = £23.75 profit
Man City v Burnley, lay under 2.5 goals £25 @ 2.58 = £23.75 profit
Wolves v Arsenal, lay under 2.5 goals £25 @ 2.5 = £23.75 profit
NHL Detroit v Toronto, lay Toronto £25 @ 2.4 = -£35.00 loss
Bank: £1243.00
Overall P/L: £743.00

Filed under General,Laying by Michael

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November 7, 2009

Lay the Best

The service was on fine form yesterday.  Two afternoon selections, three evening selections and all of them winning lays.  Two of the selections were odds on with Sitting Tennant (14.50 Hexham) trading below 1.3.

To £25 stakes the bank was up almost £120 yesterday: I continue to be impressed with the quality of this service. 

 

RESULTS Friday 06-11-09

Bank: £1064.75
Hexham 14.20 Double Default £25 @ 3.8 = £23.75 profit
Hexham 14.50 Sitting Tennant £25 @ 1.27 = £23.75 profit
Tennis Gasquet v Chiudinelli, lay Gasquet £25 @ 1.53 = £23.75 profit
Bristol Rovers v Southampton, lay Bristol £25 @ 3.10 = £23.75 profit
NHL NY Islanders v New Jersey, lay NY Islanders £25 @ 2.42 = £23.75 profit
Bank: £1183.50
Overall P/L: £683.50

 

Filed under General,Laying by Michael

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November 6, 2009

Lay the Best

There were just two evening selections yesterday, one winner and one loser resulting in another small profit on the day.

On another subject: Two days ago I had forwarded to me a couple of emails from a reader who had some legitimate concerns.  I contacted the owner of Lay the Best regarding these.  I received a very prompt reply, which I always regard as a positive sign.  The reply was also polite and detailed.  While I cannot verify all that I was told, I was satisfied with the reply which covered the points raised.  Also very important, I think, the reply stated that if anyone is thinking of subscribing but has queries, to contact them via email and they will answer any questions.

There was also a point that was causing me minor concern and this was addressed without me raising the subject.  While generally there is reasonable liquidity in the markets in which Lay the Best operates, that liquidity isn’t infinite.  If too many people use the same service there comes a time when prices are forced out to a level where the service is no longer profitable for the subscriber.  With this in mind the number of subscribers will be capped.

Apart from the above, I think the results should speak for themselves and I hope they continue to do so.

RESULTS Thursday 05-11-09

Bank: £1060.75
NHL San Jose v Detroit, lay Detroit £25 @ 1.79 = -£19.75 loss
NHL Tampa Bay v Ottowa, lay Tampa bay £25 @ 2.52 = £23.75 profit
Bank: £1064.75
Overall P/L: £564.75

Filed under General,Laying by Michael

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November 5, 2009

Lay the Best

There were two afternoon selections yesterday and two evening selections, producing two winners and two losers.  One of the evening selections was a “special bet”, backing Turkey U17 at odds on to win £25 before BF commission: I’ve been a bit pedantic on the size of the stake. Both losing bets were lays at short odds, resulting in a small overall profit for the day.

RESULTS Wednesday 04-11-09

Bank: £1056.25
Chepstow 13.30 Gracechurch £25 @ 4.8 = £23.75 profit
Warwick 14.30 Somersby £25 @ 2.18 = -£29.50 loss
Turkey U17 v UAE U17, back Turkey £47.17 @ 1.53 = £23.75 profit
MLB Philadelphia v NY Yankees, lay NYY £25 @ 1.54 = -£13.50 loss
Bank: £1060.75
Overall P/L: £560.75

Filed under General,Laying by Michael

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November 4, 2009

Lay the Best

Yesterday there were two daytime and two evening selections.  This produced three winning lays and the losing lay was at very short odds.

RESULTS Tuesday 03-11-09

Bank: £997.00
Catterick 13.40 Gower Sophia £25 @ 3.65 = £23.75 profit
Exeter 14.30 Royal Charm £25 @ 1.48 = -£12.00 loss
A C Milan v Real Madrid, lay A C Milan £25 @ 2.98 = £23.75 profit
Besiktas v Wolfsburg, lay Besiktas £25 @ 2.66  = £23.75 profit
Bank: £1056.25
Overall P/L: £556.25    

Filed under General,Laying by Michael

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November 3, 2009

Lay the Best

Yesterday there were two daytime selections and two evening selections, all of them winning lays.

This morning I received an email from those nice guys at Lay the Best.  It pointed out that October had been a very up and down month (though it ended in profit).  This was largely due to ground conditions and because of the transition to NH.  October is never my favourite month, for the same reasons, but I started this trial on October 20th and so far I would have to work very hard indeed to find grounds for complaint.

The email went on to say that hopefully November would return to normality.  On the basis of results so far, I’m looking forward to the rest of November.

RESULTS Monday 02-11-09

Bank: £878.25
Wolves 14.05 Mureb £50 @ 2.4 = £47.50 profit
Wolves 15.50 Kazbow £25 @ 3.00 = £23.75 profit
Sheffield Utd v Newcastle, lay Sheffield £25 @ 3.05 = £23.75 profit
NHL Tampa Bay v Philadelphia, lay Tampa Bay £25 @ 2.72 = £23.75 profit
Bank: £997.00
Overall P/L: £497

Filed under General,Laying by Michael

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November 2, 2009

Lay the Best

There was one daytime selection yesterday for double the usual stake and three evening selections. 

I opened my email five minutes after two of the evening selections went in play and took the available prices.  As far as I could tell from the Betfair graph, the prices were not too different from those available immediately before the match start and one of them had probably moved in my favour. 

RESULTS Sunday 01-11-09

Bank: £871.25
Huntingdon 15.30 Barnhill Brownie £50 @2.72 = £47.50 profit
NFL Miami v NY Jets, lay Miami £25 @ 2.80 = -£45.00 loss
NFL NY Giants v Philadelphia, lay Philadelphia £25 @ 1.77 = -£19.25
NFL Minnesota v Green Bay, lay Green Bay £25 @ 1.60 = £23.75 profit 
Bank: £878.25
Overall P/L: £378.25

Filed under General,Laying by Michael

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November 1, 2009

Ivybot

1/11/09

Ivybots performance this week has reminded me that you should be careful what you wish for; in my last post, after mentioning that there had been no trades in the previous week, I hoped there would be something to report next time. I had hardly finished writing it when we had a burst of activity. On Tuesday, it traded no less than 11 times, on the EUR/USD & EUR/JPY – with an overall loss of 502 pips. At the staking level the demo was using, this equated to a cash loss of some $7248 of the $50K bank. These losses were largely caused by it setting stoplosses of 105 pips on 4 full lots for the first three trades, which were hit on all three. However, subsequent trades were much more conservative, using only 0.4 lots and with reduced stoploss settings between 66 and 85. However, they still continued to lose, with the results noted.

Wednesday, it licked it’s wounds apparently, but on Thursday Ivybot opened three short trades on the EUR/JPY with the reduced stake and stoploss settings. These also resulted in smaller losses of 52 pips (cash $160.00).

Thursday, it again opened on the EUR/JPY, again at 0.4 lots, with a stoploss of 208 pips and also a target profit of 100 pips. It seemed to be clearly determined that it wouldnt be stopped out of that trade. Unfortunately, at 15.33 it was proved wrong and a further 208 pips were added to the red column, with a cash loss of $907.00. Looking at the chart over this period, it appears that it chooses the exact opposite of what a normal trader might have done, ignoring a considerable short trend and only taking the short trade just before the price perked up.

Friday was another quiet day, not a bad thing in the opinion of many traders who don’t like trading on Fridays. This bot seems to like alternate days off but whatever the reason, we ended the week with a loss of 762 pips, equalling a cash drawdown of
$8332.80, leaving the original bank at $41,677.20, down 16.66%. It’s as well to bear in mind that with a bank of $1000, the loss would only be $166.66, which doesnt look too bad, though if the remaining two weeks of the trial are like this one, it would leave a nasty taste in the mouth. However, it seems to have learned from that first disastrous day and the staking has become much more conservative now.

Filed under General by Terry Shepherd

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November 1, 2009

Lay the Best

There was one “special bet” yesterday.  This was a Premier League multiple, laying the draw and underdog in order to achieve the equivalent of backing the big four.  However, by using the lay strategy slightly better odds are achieved.  As I had limited time I simply backed them, but the odds I managed to get were higher than advised in the email and so I will stick with that.  Had Liverpool cooperated and scored just three more goals this would have returned over £100 after Betfair commission.  But can’t win ‘em all, as I’m sure Mr Benitez would agree.

There were no other daytime selections and three evening selections.  Unfortunately, Mr Murphy is still in evidence and things aren’t moving in the right direction, yet!

RESULTS Saturday 31-10-09

Bank: £922.50
Multiple “back” (see above) the Big Four £25 @ 5.33 = -£25.00 loss 
NHL Buffalo v NY Islanders, lay NY £25 @ 2.06 = -£26.50 loss
NHL Detroit v Calgary, lay Calgary £25 @ 1.93 = £23.75 profit
MLB NY Yankees v Philadelphia, lay NY £25@ 1.94 = -£23.50 loss
Bank: £871.25
Overall P/L: £371.25 profit 

Filed under General,Laying by Michael

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