Tennis Trading Blog – Week 1

Tennis Trading Blog

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.

Plugging leaks

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.

  1. Only Trade ATP markets that have live video available, either on Bet365 or Betfair.
  2. Stick to my trading plan in only trading matches that I believe I have an edge in.
  3. 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)
  4. 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!

  1. Walk 300,000 steps a month, this works out 5 miles a day and will burn off roughly 600 kcals a day.
  2. Eat 45,000 Kcals a month. This works out about 1500 a day.
  3. 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.

Tennis Trading Blog PC Monitor
EG Gaming Monitor

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.

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