Football
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so how many of us are trading betfair as opposed to purely betting, and the traders, how many ticks are you looking for??
ive been on betfair for about 3 years, and this is the first year that i have binned all my systems, that have proved not the best, and have now moved across to trading, not blind trading i will take indicators from previous performance and other tips, before deciding what is to be done.
i have doubled my starting bank in 4 days, and do a lot of trades i want to be in and out of a market quickly, and will take a loss or scratch trade if a market turns against me.
i am trying to work this in a very professional and disciplined manner, so that it could become an additional part time income.
any views or thoughts will be greatly appreciated.
martin
ive been on betfair for about 3 years, and this is the first year that i have binned all my systems, that have proved not the best, and have now moved across to trading, not blind trading i will take indicators from previous performance and other tips, before deciding what is to be done.
i have doubled my starting bank in 4 days, and do a lot of trades i want to be in and out of a market quickly, and will take a loss or scratch trade if a market turns against me.
i am trying to work this in a very professional and disciplined manner, so that it could become an additional part time income.
any views or thoughts will be greatly appreciated.
martin
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Avoid the big money matches and the matches with no money on them and you'll win easily.
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How many ticks do you look for when trading martin?
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thanks for that,
why avoid the big money matches ?? and what do you class as big money ?? liquidity is a vital factor, i agree cause i need to get placed and then trade out as soon as i can, i dont want to get caught in a queue to close a position. i ve just done a quick calculation, ive churned my account balance 12 times this evening, on the opening positions. im trying to avoid the phrase winning, as i really want to get out of a position so that even if turns against me im on a greened position. cheers martin |
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since a couple of week i'm trying to do pre-match trading on unders/overs market, looking for 1-2 ticks that gives me between 0.50-2.50% profit, and trying to make 4-5 trade before the match stars.
not really funny (it's much more exciting to root for a team or both), but if it's done with discipline and persistence, you can make 10-15% profit a day, not so bad imho. but im not so disciplined :D |
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supersmith,
i'm taking 1, 2 or 3 points ideally all positions 2 points. i know its low risk but the churn of the bank builds the points. some of these are pre match, and some are in play cheers martin |
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Big money markets stick. They take longer to jolt between ticks.
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If youre on a market with £5000 on 1.5 and youre on a 1.5 and want to get out at 1.49, youre fine, because the market meanders between the two odds. If there is £200,000 on the 1.5s, it won't do that.
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pix3l
the discipline is the key, i'm trying to approach this in the same manner as a job, or a forex trader. i can quite easily maintain the discipline,as i am totally focussed on the outcome and the targets that i have set. cheers martin |
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and obviously the markets with no money = your money sits there when someone should statistically have matched it.
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and if you do it pre-match its a risk because youre effectively taking the market on by saying you know which way this market is going to go. The pre-match odds do not sometimes go the way you want them to. Easier to do it in play when the market has not had time to correctly price itself.
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srichaphan or ancic
yes i agree with you, i look at the WOM before i open the position against what has or not happened in a game, i had a game this evening, where i got 4 consecutive points movement in two positions as the market was crammed with cash, and it moved in about 90 seconds. cheers martin |
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Trading was the only reason I joined betfair to be honest, it is far more consistent than backing 90 mins in the Local bookies haha...
I look for anything between 5-10 ticks then out !! I find that in the Unders market...the best time to get in when the odds are at 1.65 as the drop to 1.52-54 in a matter of seconds  |
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i used to trade unders in play as you know which way the odds are going to go if there isnt a goal, in less than 10 minutes you can be out with greater than 5% profit on each side, i was doing this with good success and documenting each trade in a spreadsheet but as i only started with a £10 bank my discipline let me down and i wasnt happy with the small profits for all the work, even though i was making my stake back in profit each day and even had a nice run of 45 trades without a red (if a goal is scored you trade out for around 20% red on each side), so yeah i ended up gambling away all my trading profits looking for a big win. once i have a reasonble ammount of money i will be starting this up again, as i will have alot more discipline when i have higher stakes and will be alot more content with the winnings.
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Whats better to trade on Football, Tennis or Cricket?
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Cricket, or goals markets on football, never tennis.
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surely trading is the same as gambling though as you're gambling on a favourable odds movement?
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With tennis, and basketball, you risk jumping onto a market that is about to go off in one direction, leaving your money stranded.
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I've been doing almost exactly the same martin, for the past two weeks and all was going great until yesterday and I took two huge losses mainly due to losing focus, getting a bit greedy and going for 5 ticks in the argentina game that ended up 6-0, quick goals left me screwed (I was in the goals market)
but I am back on tonight and its been going 'ok' however I now have a fair chunk tied up in the Argentinos match which is 2-0 with 12mins to go, and I'm heavy on under 4.5 but the suspended market has left me just sitting waiting. |
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I like doing the basketball total match points, because its often incorrectly priced, and you know that it is likely to swing a lot.
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bergkamp
do you trade every day then?? or on an as and when basis ?? interesting on the unders observations, i am usually going in at the below 1.15 mark and lower, the ticks seem to move fairly quickly, i will take a look at 1.65 to 1.52 level. cheers martin |
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The best sport for betting before the event and making a profit is horse racing, because youre likely to get your profit before the race starts, and if youve done your research, even if you don't, then you'll get it when the race is off.
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you want to be in and out as fast as possible but with the least risk of losing overall, the 1.5 market obviously moves the fastest but is the most risky, i would reccomend starting a game on the under 2.5 or 3.5 for a quick but safe return
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yes, never the small o/u on the football, because if you get caught out by a goal, then youre in trouble, at least if you choose the bigger o/u markets, you can still retrieve some money and continue to have a good chance of winning.
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any amount I would suggest
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i started with £10 and was up to £80 in a week, working with 5% profit of stake and always greening both sides, if a goal was scored depending what market your on and how long youve been in the trade for, you can red out for around 20% loss of stake. obviously as you start to get more money you can increase stakes, therefore increasing the return with each trade, i was doing £15 stakes and was starting to actually make good money until i went mad one saturday and blew it all gambling on accas and match odds
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i like total match points on basketball too :D
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pootle,
you do have to be focussed, i going to work through the next 6 weeks and see where i get to, the plan then would be to get a couple of additional monitors, so that im not trying to do everything on one screen. i did see a chap that had a 4 screen set up, and a back up laptop with a 3g link just in case the landline net link went down. bob, trading is what these forex guys do 5 days a week, the principle is the same, it is about doing some background research before you take a position, the same as a city trader reading charts. ie tonights crawly game was always going to run a few goals based on the performance of both teams previously. if i look at a match where both teams rack up the goals then i will watch the match inplay before taking a position. cheers martin |
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i was doing 15-20 trades a day though and with £10 at 5% profit per trade i was making £10 a day, but with £1000 stakes i would only do say 4 or 5 trades a day for £200-£250 profit, money makes money. although i would definately suggest starting low because while your learning you dont want big money on the line
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You all make it sound so easy, do this market that market, this sport that sport, start with this market then move onto that market.
Any of you like to quantify the quality of advice with a lifetime p&l? |
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quin0607, which markets do you trade mostly?
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unders markets on footy games
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I think the mistake a lot of people make is instead of going green and zero profit, they try to increase the number of ticks for equal green on both sides, when its not often necessary and puts the bet at more risk.
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