Day 16 and 17…

Ascot continues, and frankly, it’s proving to be quite frustrating. I’m not sure if I’m placing too large bets, reacting too slowly, or if the fill rate just isn’t meeting my expectations. Whatever the case, it’s been a very mediocre experience, and I find myself longing for a regular trading week.

Day 16… This has been the worst start to a day I’ve probably ever had!

Tennis Trading Betfair

Reflecting on it, it’s clear I was just overly enthusiastic with my staking on the races leading up to Ascot. As the day progressed, I began to opt out of the races before the Ascot events.

I try to maintain a positive outlook and steer clear of falling into the mindset of “everyone’s against me, and it’s all being manipulated.” However, during the races in between, I couldn’t help but feel a bit of that sentiment.

I buckled down and continued into the early evening, which thankfully resulted in a decent outcome eventually.

Day 17… Tennis Trading!

I traded more tennis today and am really starting to get the hang of it. I found myself in a strong position in all three games I traded, though I might have pushed too hard in the last two, trying to secure profits similar to the first.

The first game went really well, but I let about £30 in profit slip through my fingers due to my excitement. I’m currently very enthusiastic about tennis trading as it feels new and thrilling, and I see it as a way to potentially scale up profits more easily than with horse racing.

Tennis Trading

This screenshot captures the moment just before I nailed my best swing yet in the initial tennis game.

I attempted the same strategy in the next two games; however, the second game didn’t reverse at all, and I lost my £11 profit. In the last game, I hedged too soon for a slight loss, only to watch it rebound by about 10 ticks shortly afterward. These things are bound to happen, I suppose!

You can see I’m still playing with small stakes/liability, so the outcomes aren’t too bad overall. One area for improvement is managing how quickly I scale out of a position. In these situations, I’ve lost potential profits by scaling out too early.

While offsetting your position is crucial to ensure you win more than you lose, being overly cautious too soon can sometimes significantly diminish a good profit.

Overall, the day wasn’t too bad, although I probably spent most of it watching the tennis.

I found it quite enjoyable—after all, not everyone gets to spend their day working while watching some athletic prowess in action!

Tennis Trading Betfair2


7 thoughts on “Day 16 and 17…

  1. Hi Caan. Yep I think that the fill rate has been a bit slow at Ascot. If something is sitting at maybe 3.5 it seems that the fill rate on 3.5 is flying but 3.45 and 3.55 are pretty stagnant which doesn’t really make for a good trading market. I’ve also noticed that the other markets are being ‘bullied’ by £3-4k stakes (along with the Bomber and his occasional £25k) being dropped in seemingly randomly which makes it kind of hard to see the wood from the trees. Nice comeback from the -£400 and with the tennis potential the world is your oyster!

    Crack-on Caan … cheers Dave.

  2. Cheers dave, i agree entirely with everything you have said there… does seem that way with the fill rate too at times, just tricky week this week ive found.

  3. Hi Caan, I’m not a fan of big meetings in general, the markets are too turgid for my liking, but this Ascot has been dire for me too. Maybe it’s just a freak. Good luck for the rest of the month I’msure £300 a day ave. isn’t beyond you, chhers, Al

  4. damn, I had 40$ profit on that one but first they removed the 2nd fav then I just checked BF for voided bets and find out they voided the 1st one too, another useless day 🙂

  5. Sure I usually do well at them and done quite well last year at ascot. Bit of a let down really this week but I haven’t been putting in half the effort I promised myself I would when I started this month!

    I agree balasc, I had a go don’t think I lost in that one but it was a dangerous one!! The 3 horse race??

  6. They didn’t removed the 1st one, the race suspended while inrunning. 🙂 But when they removed the 2nd fav, the first one “drift” down min 30 ticks immediately. It was horrible for me, i had an opened position.. I’m lucky 🙂

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