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Getting it wrong still pays

This is a perfect example as to why trading is better than betting.

I made the comment this morning I thought the pecking order would be Ferrari, BMW, McLaren. I got the BMW bit right but got it back to front with the order.

Yet I still managed to get a nice trade because of Kubica’s fast lap at the end which momentarily took pole position. To the left is my book at the end of the qualy session. I was trying to get it even but the liquidity was poor - probably becuase of the football.

Not as much as I would have liked but then with an outright bet I would have lost every penny I put down.

Luckily I hadn’t taken a lay postion on Lewis for the race. He was almost 4 tenths quicker than everyone else in the last sector, mainly because of the last corner.

The dutch on P3 came in (again) so all in all a good day considering I was way off the mark.

I will have to look at the stats now because I seem to have misread the situation….or have I? Kovalainen is down in 7th……

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I have managed to make consistent profits through a mix of traditional betting, trading on the exchanges and somewhat of an obsession for Formula One over the last 3 seasons. Will it continue in 2008 or have I just been lucky! Follow my blog as I look at the possibilities in each race and try to pick out the value bets. Feel free to comment on any posts (negative or positive!) or contact me by e-mail if you have any questions (mail@flutterfly.co.uk).





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