General Betting
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Want to trade tennis, horse racing and soccer - does anyone recommend any training courses for a beginner ?
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Replies: 19
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Do it yourself, spend time following and recording the prices and just start with 1 not all 3, preferably the one that you enjoy the most/have the most knowledge of.
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Some interesting, if not sometimes amusing, youtube vids on how to and how not to do it + a look at some of the software available was enough to put me right off
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The cost of 'courses' can be better used losing it here.
Start with small amounts. Go with your views and not what the numbers say. Use chrome and gruss's refresh program. |
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...and others who put up 8 minute videos and slowly melt your brain with boredom.
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not forgetting ''mr leeee arpp ardds town''
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back em high and lay em low..
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I started by purely arbing. A good way of understanding price movements. Think it's probably tougher now than it was three years ago when I started, but sure it can still be done.
Virtually zero risk and a decent income whilst you get to grips with the markets. |
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If you're just starting out and trading tennis, I'd suggest laying lower range odds until you get the hang of how the markets work.
Pick your entry and exit points carefully. Eg. Find two evenly matched players in the WTA, lay the server when they're serving for the set and watch them choke.  Think of risk v reward. How many ticks will I lose vs how many will I gain. That sort of thing. GL. |
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most learn thru trial and error...just bang something up and away you go...obviously keep stakes relatively moderate at first and build it up as you go along
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Tips:
If you can't win with £2 bets, don't be fooled into thinking that larger bets will improve your return. If anything, larger bets affect your mindset and make it more likely you will chase losses. BE DISCIPLINED. If you're not sure, don't bet. BE DISCIPLINED Think like a bookie: Assume someone knows more than you; be tight as ar$eholes; treat it like a business; seek good value, reject bad. ...Did I mention "discipline"? |
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Only trade markets you know. Instead of trading, say, dogs, spend the time researching.
If you have opinions on a player/horse, etc, this always helps. If you are trading DO NOT GAMBLE and leave up a position. You have become a guesser at that point. Betting and trading are two different worlds. They do interact, thus why we are here, but you need to have two different mindsets. Has anyone mentioned 'discipline' ? |
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Shapeshifter
You mentioned courses above and I couldn't agree more. The well known saying "those who can, do. Those who can't, teach" is a bit cruel to qualified teachers who have made a carreer of it but it rings very true in the commercial world. I always ask myself - if they're supposed to be so good at it and knowledgable etc, then why would they share their skills/knowledge with me? It's normally because their edge has already been eroded or their knowledge obsolete. More often, they never had one in the first place. The best value book for beginners I've ever found is "Betfair for Dummies". It doesn't promise riches like some but it gives you plenty to think about when you start to develop ideas of how to make money on here. Another "tip" I might add to the above list is: Get every extra tick of value that you can. Place or lay bets elsewhere if the price is better (Premium Charge notwithstanding). Most strategies will succeed or fail on the smallest of margins and squeezing out that extra 1% can make a huge difference to your long term prospects. Good luck btw, Skipp. It can be done. |
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re: courses: It is the same as the stock market 'day trading' courses.
My tutor was two $25 books. That said, I have sat in with people for a day trading with them and introducing them to it one-to-one. That made a difference for some. |
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http://www.youtube.com/watch?v=EA5VKothiBg
:D |
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Beat the OverRound,are these your results on You Tube?
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Hi artie,
Nope not mine, but my brother in law bought it and showed me his own results. They seem to tally fairly well with the video. He asked me to go right through the figures and I did. Surprisingly, this seems to be one that actually does o.k. Although I'm still cooking along laying my own methods. |
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Shapeshifter would you care to say what the 2 books were that you used?
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Books were reference to '98/'99 when I traded on the NASDAQ.
I haven't come across a book for trading on betfair. But do check out some of the 'betfair education' posts on the site. |