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Monthly Arbitrage Trading Log Records - October

Posted by Aegist on November 1st, 2006

October, Month 8
Opening Balance = $3,456.62
Bookmakers funded = 8
Bookmakers Used = 7
Number of Trades = 20
Profit = $515.74, 14.92%
Closing Balance = $3,972.36
Logged Time = Reasonable hours

Ok, what a month. This is the month where the cosmic arbing gods balanced our losses from early in our career. I don’t know what happened really, but this month seemed to be full of errors (3 to be exact), and two of those paid off really well. One won us like $140, the second was a brilliant middle which should have paid out over $800, but expekt cancelled (After they accepted the larger bet!!!!!! There is a lesson there) so we ended up just getting lucky that we still won and made around $300. Then on the last night of October we copped our first Tennis rules mismatch loss. Pinnacle canceled when Chela retired, and Ladbrokes took their money leaving us with an $80 (luckily) loss.

Anyway, looking forward to the months coming. Lets see if we can normalise our profits a bit more, but maintain something near 10% a month profit. That is the goal, and I do believe it is possible.

Further Stats:
Favourites won 13 of 20 arbs
Average arb percentage = 1.64%
Average Profit actually taken = 1.98%
Average Trade amount = $446.63
%Profit Per month average = 7.74%
Profit per month average = $261.81

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