I missed most of the races because of being delayed on my trip to Girona today. I was supposed to get back home in time for the first race but it didn’t pan out that way. I did get back in time for the last 2 races and I made 33 euro less the commission on those.

I was keen to do some more in the evening and I was looking at the Newcastle vs Birmingham game. I had it greened up for a very small profit before the game started by backing the unders and than laying off. I did it using the scalping tool in STW. I thought I could get more out of it and put some more on the unders. I went in to sit on the sofa for a while and I was going to check it just 5 after the game started, but the film that was on kept me until the game had been running for 15 mins and the first goal had been scored. The under and over 2.5 expert would have probably put on some more money and then laid off soon after. What I did was to place a couple of lay off bets to reduce my liability. When the second goal went in it wasn’t looking too bad I could have traded out to a loss of just over 4 euro. Seeing as it was 0-2 to Birmingham I reckoned on a very high possibility of Newcastle getting at least one goal and killing the under over market. I had it set so that if that happened I would have a loss of just 40 cents. I could have gone for a profit number on that but I decided to keep the liability as it was at 18 euro.

I also had a bit of a scalp with Valencia vs Getafe. I am greened up on that one and just waiting for the game to end so I can have the small profit added to my account. Oh I nearly forgot I had a little bit of cash off the Surs vs Cardiff game too on the under over market.

Forex trading
I have my live account set up and I am ready to go apart from putting some money in it. I am scraping around for all I can get to start at a reasonable level. The demo account that started with 10K now has just a tad over 7k profit on it. I would like to continue with the horses and keep taking the money off the races with IRIS but I can’t do both. I am looking for a job also so that I can get some funds together to add to the money for the forex and also if I can have a betting bank and do the both. Although if I do manage to get a job I will have to concentrate on the forex as I would need the afternoons free to work the UK horse races.

Mind Set
I was talking with some friends yesterday and what I am doing to make money came up in conversation. They had the old notions about gambling and betting and were not even aware that you can now place a bet on a horse to lose a race, or for it to NOT be a draw in a football game. Thank goodness for betting exchanges. Thank goodness for software like STW that allows me to do some easy money making on the Betfair betting exchange platform.
Where the mind set comes in to this is that I start the day expecting to have profit at the end of the day and if it does go against me I know that for sure I will have profit overall in the long term because I have a betting plan. I don’t chase losses and I have a staking plan that fits with the techniques that I am using that give me the edge that you need to be able to make money doing this activity, which could be described as Professional gambling.
Makes a good start to an interesting conversation when people ask you what you do for a living and you reply “Professional Gambler” Raises a few eyebrows for sure.
Anyway the person I was talking to said that what she expected of a trip to the horse races ( a session gambling) was that the money that she had to throw away was for throwing away and only to be regarded as part of the cost of enjoying a day out of that type.
It is true to say that you should not be doing this with money that is for putting Weetabix on the table, but I do know some people that are in fact professional gamblers and do just that becase they are able to because they have learned the Mind set to be able to make consistant money doing it. Also they don’t have other income either so it really does put food on the table.

For my own view on it I see starting any business as a gamble. Like a shop for instance. I took a risk setting up a shop in the local town and to be honest it didn’t pay off and it cost me plenty to put it into action. I was able to start earning money by trading on Betfair with a whole lot less. I can tell you.
Honestly you have to see this thing working to get the full picture and get away from the idea that it is a slippery slope to drug and alcohol abuse along with addiction to gambling leaving you as a shadow of a man lying literally or metaphorically in the gutter.
I don’t say this to encourage to you to do what I do because it may not be for you if you don’t have the right way of thinking, but just as a discourse that came about from observing people’s reaction to my placing bets as a way to make money. You still have to know what you are doing with this and be using the right tools for the job.