Football
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Hello everyone I am currently looking to become a trader and I am looking for advice on strategy's or ideas on where to start. I had an account about 4 years ago on betfair and I didn't really think about trading then so it says I haven't been here very long I actually have.
I would like advice on staking plans should I be laying % of bank or should I have a percent of bank target to hit? What should I start with as a bank to trade with? What sports are best to trade? I have spent about 2 months on Google with these questions but I have had no luck with finding honest advice just a lot of people with screen shots of football matches where they have greened up 2 grand on each outcome then they want to sell you this system for 47 quid ect.
I know I am going to get a lot of negative responses from a lot of you but I am hoping to reach the select few that can offer me some sound advice on where to begin. I understand that from my weeks performance I need discipline as I have made 20 quid turn in to 0 quid in 6 days so I need to never chase losses.
Thanks for reading and I will look forward to the comments
I would like advice on staking plans should I be laying % of bank or should I have a percent of bank target to hit? What should I start with as a bank to trade with? What sports are best to trade? I have spent about 2 months on Google with these questions but I have had no luck with finding honest advice just a lot of people with screen shots of football matches where they have greened up 2 grand on each outcome then they want to sell you this system for 47 quid ect.
I know I am going to get a lot of negative responses from a lot of you but I am hoping to reach the select few that can offer me some sound advice on where to begin. I understand that from my weeks performance I need discipline as I have made 20 quid turn in to 0 quid in 6 days so I need to never chase losses.
Thanks for reading and I will look forward to the comments
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Replies: 39
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Snooker r tennis
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how much can you afford tooo have as your starting bank
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Dont trade on football ;)
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I can afford to have a 500 bank. I have mainly been trading football laying the draw
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laying the draw and hoping for a goal? When do you cut your losses if the game is still 0-0?
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500 is enough.......
lay teams on match odds and you will be alright. |
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Thats the problem I keep waiting thinking gotta be a goal in a min then its too late I need a exit strategy I think
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Hello Dan you say "I had an account about 4 years ago on betfair" what were you doing then ????or did you just not use it
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Lay the draw System
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so, basically, you lay the draw at 3.5 then back at 4.2 if a goal is scored, these are just guesstimations because the time of the first goal and who scores it are unknown for the purpose of this thread, but let your 3.5 lay run to it's conclusion if there's no goal? I'm sure you can see the flaw here!
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Yeah thats pretty much it buzzer. Baker I used to do the odd multiple fun bet with it but hardly used it
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You will get f#cked doing that sooner rather than later.
Like xlnc said, look into laying teams but don't do anything at too higher odds!! |
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my advice is don't do the lay the draw system ;)
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yeah I tried to start small with small amounts my liability was 5 pound 60p on the draws. So small liability is the way forward then
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if you wanna be a serious trader i would say there is alot easier sports to do it on then football.
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I did a bit of tennis it was going well in first set then crash I couldn't trade out
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Tennis and Cricket are good.
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dan162725 29 Sep 10 13:55
I did a bit of tennis it was going well in first set then crash I couldn't trade out what do you mean you couldn't trade out the market is always open ???? |
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A trader, in the true sense of the word, cuts his losses quickly if the market moves against him (strict exit points) and lets his profits run, until he concludes the trend has ended. He also doesn't tie money up for too long as he needs to keep turning his money over as often as possible because he only probably makes 1-2% profit on turnover. As unrealistic as it seems plenty can have a £500 bank yet turnover 20k a week and more so 2% profit on this is very good.
You are just punting on a match not ending scoreless, essentially laying 0-0 but worse because if the underdog scores first the draw price can come in or an equaliser can be scored before the market has unsuspended (it does happen) leaving you needing another goal! My advice would be watch as many markets as possible and attempt to find movements that happen regularly then when you think you've found that edge start off small until you become confident that you're correct. Remember you wont win all of the time and cut losses quickly don't sit there waiting and hoping/praying for the market to turn in your favour, good luck |
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What happened was the odds for both players were up and down between 1.65 up to 2.5 so I was in and out a couple of times but then I made a back bet hoping the odds would continue the way they were going up and down then one player just pulled away and I could lay my back
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couldn't lay my back sorry
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for Trading lay instead of backing thats what i would say for a start
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so its best to start with a low lay then back rather than back then lay?
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It doesn't matter, you're looking for prices that are going to move! If your strategy tells you the price should come in you back and if it's going to drift you lay. The hardest part will be accepting, and taking, your losses quickly and getting out if you're incorrect. It's a big mind game that the majority fail at
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Yeah I do need to get out if its not going well rather than sit and wait
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learn how the betting ticker work ;)
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works sorry
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Do you mean when there is more money on the lay side prices rise and vice versa?
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I mean the numbers Like from 1.01 to 2.00 it goes up by 0.01 tick from 2.00 to 3.00 it goes up by 0.02 ticks and so on
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A few years ago weight of money was usually a good indicator but nowadays there is loads of spoof money in the markets. It's essentially the same as straight punting, you're looking for a price that's out of line, too big, to back and too short to lay then when the price has corrected you look to get out of your position and move on to the next market.
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buzzer do you use software to get out automatically when the market goes a few ticks in the wrong direction?
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ah I didn't understand the ticks
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Yeah is software important
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I stopped trading, as such, in 2006 on football Gash, i still trade some other sports but just back on football in the main. I use GRUSS with excel triggers. How are you doing now, just using betfair?
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Yeah just betfair but I keep getting emails saying buy this software to green out on auto pilot I dont know how true a lot of those claims are
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http://uk.site.sports.betfair.com/betting/LoadRunnerInfoChartAction.do?marketId=101785896&selectionId=4953257&asianLineId=0
1.67 £284 £1,242 1.68 £306 £1,699 1.69 £332 £4,170 £2 1.70 £228 £4,896 1.71 £412 £10,025 1.72 £97 £9,374 1.73 £500 £6,834 1.74 £347 £5,886 1.75 £38 £11,140 £2 1.76 £38 £5,407 1.77 £6 £12,422 1.78 £2 £12,531 1.79 £4,035 1.80 £1,560 £3,610 1.81 £24 £976 1.82 £424 £787 1.83 £28 £4,857 1.84 £4,905 1.85 £33 £2,967 1.86 £19 £1,723 1.87 £21 £2,860 £2 1.88 £5,037 1.89 £106 £3,764 1.90 £205 £2,559 1.91 £16 £534 1.92 £166 £2,099 1.93 £7,696 £2,965 1.94 £232 £1,833 1.95 £85 £1,456 1.96 £50 £5,648 1.97 £183 £8,075 1.98 £70 £3,638 1.99 £159 £8,101 2.00 £1,771 £22,939 £18 £558 2.02 £892 £12,968 2.04 £3,431 £4,538 2.06 £84 £3,434 2.08 £320 £4,935 2.10 £182 £7,072 £118 2.12 £1,395 £3,734 2.14 £1,100 £3,924 2.16 £5,994 £8,767 2.18 £1,528 £6,816 2.20 £2,818 £11,043 2.22 £545 £4,686 2.24 £1,920 £3,704 2.26 £288 £9,144 2.28 £676 £17,795 2.30 £248 £16,726 2.32 £405 £2,656 2.34 £2,938 £984 2.36 £586 £4,199 2.38 £91 £7,936 2.40 £691 £5,898 2.42 £483 £12,007 2.44 £938 £20,007 2.46 £1,595 £38,416 2.48 £956 £29,260 2.50 £347 £17,298 2.52 £1,809 £6,279 2.54 £361 £140 the movement on the fav in the 2.30 at salisbury |
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wow thats a lot of numbers
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still got a few fingers in a few pies buzzer [;)]
trading isn't my thing either. much rather try and predict the market, take a position and let it ride. i do think there is more to life than this gambling game though. money may be good, but i don't think i've ever felt less fulfilled in life than i have these last 2 years. |
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Are you full time didcot mate?
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