Month: March 2013

Spreads update

Apologies for the recent radio silence.

To bring things up to date in the swiftest and most transparent fashion possible I’ll reproduce my spread betting activity over recent weeks and talk through the highs and the lows.

You’ll notice that I punt in relatively small stakes; I do so because I am poor and a coward.

Picture 19

A quiet Friday afternoon and over at The Masters snooker I fancy tucking into a bit of Judd Trump, the cue man of the moment, against squeaky-voiced Scot Graeme Dott and buy the haircut on both the 10-3 and frame supremacies. What follows is frame after frame of Trump carelessness that sickens in the way that only a spread bet going wrong can; I let my positions ride as I am sure that Trump must improve. It’s almost a relief when Dott completes a 6-1 victory and I can chalk a lazy punt that cost best part of a ton down to experience.

I remember at this point I though about depositing into my account but stubbornness made me see what I could make out of the beans left in. By close of play on the Saturday I’d repaired a fair chunk of the damage with two decent rugby bets which were both closed at pretty much the best point (selling points in the French clash and buying Sarries shirts suprem over Edinburgh).

Picture 20

My account’s health undulates for a while. I can’t show you the screenshots as my biggest win came from playing the ‘Instant Roulette’ which is somewhat embarrassing. The following is equally shaming but I’ll share anyway:

HungBelg

This cheeky £100 came as a result of a Spreadex rick. In the opening round of the ‘World Cup of Darts’ the traders erroneously made the Hungarian team, barely knew which end of the arrow to point at the board, massive jollies over the Belgian pair, the Huybrechts brothers – both very decent players. I managed to get a fiver on the Belgian win index at 2.5 and ,with the error corrected and Belgium well on the path to victory, traded out at close to 25 . I expected the bet to be voided as a palp but Spreadex, decently, let it stand. Is it ethical to bet on ricks? Probably not, but good luck finding a sympathetic shoulder to weep on if you’re a bookmaker.

Exploit ricks, but just remember that karma is, all too often, a bitch:

pak runsBuy Leeds over Hull in the Rugby League at 10 and close at 30 for a 20 point profit and think you’re getting good at this spread betting lark. Hand back over £60 hoping that a stacked England Saxons might do the business over the Sweaties’ A XV. Dabble on the snooker (a good tip from @McChazzz) before turning to the cricket. With Pakistan at 6/0 at the end of Day 1 the quote seems a bit stingy so I buy for 50p a run at 263. I go to bed fairly relaxed and when I wake up I run a worst case scenario, bowled out for 170 or so, through my head before logging on to Cricinfo fully expecting Pakistan to still be batting. Instead I am greeted with this:

Picture 24And I very nearly regurgitate my mid-morning cornflakes as I digest a three-figure loss and another rebuilding task.

Since that particular disaster I have managed to claw my way back and have traded fairly consistently in recent days:

Picture 25Ironically the £20 loss is a result of selling Pakistan runs. Of course, if there’s one thing I’ve learned, in my incarnations as student of literature and small time punter, it’s that hubris is a dangerous thing and catastrophe is never far away. I wonder what form my nemesis will take, Judd Trump and his dodgy tip, Shahid Afridi or instant bet roulette?