Tennis Trading Blog – Week 1
Its been a while since I launched the ace odds blog, back in late November last year. Since then I have had plenty of time to think long and hard about the content I want to write about and you will be pleased to know I have some great topics in mind.
Along with tennis previews, results and data blog posts, I want to delve right into my past and how I became a profitable trader in the first place. The highs, the lows, the lessons that took me years to learn and the mistakes that cost me thousands.
I also want to have a real dig into the psychology behind trading and try and give some insight into how I have developed over the years. My trading journey has been a long one, name a sport and I have tried to make it pay, Racing, Tennis, Cricket, F1, Basketball, The list is long…
For more on that, take a look previous tennis trading blog post here.
I have come to the realization that less is more. I don’t have the numbers to hand for the entire 2019 year but I do know that I am not profitable on many sports. The only two I am are Tennis and Horse racing.
As I move through 2020 my aim is to ONLY bet on these two sports. This alone should increase my overall profitability by about £10k over the course of the year. I will be keeping detailed records to further drill down into where I am making most of my money and where I can improve/stop losing.
I don’t want to become an anorak in recording every result as and when each market suspends but I look to have a weekly/monthly drill down. This will help me to look at the bigger picture.
I will also be doing any decent matched betting offers as and when they come about.
New Tennis Trading Rules
Following on from my ‘less is more’ mantra, I have decided to pen some new rules I want to implement into my tennis trading strategy.
- Only Trade ATP markets that have live video available, either on Bet365 or Betfair.
- Stick to my trading plan in only trading matches that I believe I have an edge in.
- If there are multiple matches on the trading plan, once I have a healthy profit on a match, move onto the next. (The monetary value will be dependant on bankroll)
- Don’t get hung up about profit and losses, Don’t even look at the Betfair balance unless reviewing the week or month.
These 4 rules may seem straight forward but will no doubt help me psychologically.
You can have a look at some of the tennis trading strategies I use in this post.
Personal Goals for 2020
I jumped on the weighing scales on Boxing day and was shocked to weigh in at 17st 3lbs. (The heaviest I have ever been) It got me thinking… Being sat in an office in the spare bedroom for 10 hours a day is no good for anyone!
I have decided to make some personal goals that I have no doubt help my trading, subconsciously. Healthy body, healthy mind and all that jazz!
- Walk 300,000 steps a month, this works out 5 miles a day and will burn off roughly 600 kcals a day.
- Eat 45,000 Kcals a month. This works out about 1500 a day.
- Quit alcohol for the month of January then only drink when attending functions and planned meals out etc.
I have calculated that if I stick to these 3 goals, by the end of January I should weigh in around the 16st 7lbs mark. A loss of around 10 lbs. (4.1%)
Tennis Trading Blog – ATP Cup 2020?
If you have read my previous blog post you will be aware that I am starting with just a £200 trading bank. The ultimate goal is to earn £75,000 in the next 48 weeks on the Betfair tennis markets.
I have spent that last few weeks making sure all my data is as up to date and organised as possible. I have a subscription to Bet Angel professional and that’s about as fancy as my set up goes… Although I did invest in one of these to replace my more traditional 4 screen set-up.
Let’s get straight into it, this week sees the launch of the inaugural ATP Cup. It starts on Thursday night with the first matchup between Belgium and Moldova. As this is a new event I am not entirely sure what to make of it and its format just yet. I’m just hoping it turns out to be a great betting event, more like the main tour than the Davis Cup…
For this reason, I am going to be spending more time looking at ATP Doha. I will post an update on my thoughts for ATP Doha in the next few days.
If you have any thoughts or questions either comment below or tweet me and I will get back to you.
Have a great new year and I look forward to interacting with you all soon, ACE.