Niche

Every tipster that supplies selections works in a niche market: they effectively become very good at finding winners in their chosen area. So a horse racing tipster may only send out selections for all weather races and a football tipster may work to selections that are greater than evens, such as Football Elite. Although I consider myself a full-time gambler I stil don't feel like one. I mean, I subscribe to many services and can back all selections within seconds of them coming through, if not myself then my wife helps out. However, I still work part-time and it gets in the way a little. But it is much better to do as I have and that's work your way into gambling slowly than to take the plunge into the deep end and leave your day jobs from one minute to the next. Just as gambling is all about making slow gains over time getting into gambling must be slow too, you wouldn't want those credit card bills arriving and not having enough money to pay them.

Here are today's results:

Tipster:	P/L Today:	Stakes:	ROI:	P/L 365 Days:
4PA	0.00	0.00	N/A	69.57
CL	0.00	0.00	N/A	24.64
EI	0.00	0.00	N/A	17.19
FE	1.13	1.00	113%	12.34
FI	0.00	0.00	N/A	10.46
MGB	0.00	0.00	N/A	16.44
PB	-0.50	0.50	-100%	20.07
SK	0.00	0.00	N/A	35.24
CNB	0.00	0.00	N/A	-5.48
FES	0.00	0.00	N/A	4.03
EWV	-2.50	2.50	-100%	-50.00
BLB	0.00	0.00	N/A	-1.74
TRA	-1.96	4.55	N/A	15.35
AB	0.00	0.00	N/A	-4.93
MB	0.00	0.00	N/A	6.14
SPDT	0.00	0.00	N/A	-0.23
	-3.83	8.55	-29%	169.10

So nothing much happening today, Each Way Value has gone back up to the 50 PT loss mark once again. On a positive note I had inserted the date on my spreadsheets for Skeeve's winner on Saturday as 23/01/10 instead of 23/10/10 so I actually make 3 PTS more than I recorded.

Trading could of gone better today but I held on longer than I should have, turned my head and Ibrahimovic put the ball into the back of the net. But, the losses could of been a lot lot worse after losing 6 PTS when the first AC Milan goal went in. The learning curve continues as a potential 6 PTS loss turned into a 2 PTS potential profit to ultimately lead to a 2 PTS loss which I'm content to take to bed with me. Timing is so important in this business and I think I've found myself a nice little niche market to play with, but I'll need to research some stats before playing with larger stakes.

Football Elite, 3 winners from 3 over the weekend! Odds are quick to move nowadays compared to a year ago, but that's what happens when you find yourself a good tipster. Friday evenings are my busiest days with Skeeve being the worse for causing odds to shorten, Blue Square run scared!

So if you're thinking of developing something yourself think niche. That doesn't mean you have to find a small market, it could be something with plenty of liquidity but where there's lots of value to give you that long-term profit.

Until tomorrow