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G Hall
18 Feb 19 14:05
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Date Joined: 26 Feb 06
| Topic/replies: 10,303 | Blogger: G Hall's blog
I just want to make 14 pounds a day on here what size bank would be required to make this feasible. 14 a day equates to 50K after ten years. It sounds easy but obviously isn't.

I would appreciate some feedback as to a good sound strategy. It is easy when things are going well but when things start to go pear shaped it is a disaster.

I play horses and football, for example was going really well until Messi missed the penalty on Saturday night,and from that point everything I did since has gone against me, which is a common occurrence.

Is there anything I can read or learn that prevents this sort of thing happening again and again.

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Replies: 147
By:
ellis
When: 19 Feb 19 16:17
Excited
By:
G Hall
When: 19 Feb 19 17:53
Thanks for the reply
By:
the old nanny ;-)
When: 19 Feb 19 22:59
You should be able to Make 14 quid a day from Simple Trading  if you set that Target and stick to it  ,Obviously you would need to study the markets etc
By:
roadrunner46
When: 20 Feb 19 00:51

Feb 19, 2019 -- 4:59PM, the old nanny ;-) wrote:


You should be able to Make 14 quid a day from Simple Trading

By:
DenzilPenberthy
When: 20 Feb 19 18:27
Were you not quitting the forum ^^^?
By:
roadrunner46
When: 20 Feb 19 20:07
this aint a horse racing forum you know thatLaugh

im going to presume you dont know much about trading, check out peter webb videos on youtube, very informative and knowledgeable person.
By:
nathanrh
When: 22 Feb 19 15:34
Bank size is pretty much irrelevant unless you have a quantifiable 'edge' over the markets. A lot of people kid themselves that they'd make a fortune if only they had some arbitrary large amount of money to trade with. The more liquid the market (which you will need to play with a big bank) the more likelihood the price you are taking is incredibly accurate. So worry less about bank size and more about edge size ;-).

Developing your own strategies with a sensible staking plan (be that level stakes / Kelly) is the best way forward, are you staking irregular amounts?, are you playing in markets which are likely very well understood? what is your specialist ability or info. the market hasn't factored in.....otherwise you are simply going to go broke or slowly broke.

IMHO (and I should stress it is just that) Webb's trading videos are pretty useless, I always suspected he was merely a shill for Bet Angel, no doubting he made money in the past but the career shift into hawking products/guides and trading videos for anyone that cares to do any research is somewhat dubious to say the least.

So go back to the drawing board and start working on developing you strategy and then start testing it with very small stakes. I've said many times before a small percentage edge over the Betfair markets is an incredibly lucrative proposition and you if you had such an edge you wouldn't need to start with much more than a few hundred £.

Gl.
By:
G Hall
When: 23 Feb 19 21:01
Ok thanks for that just need to get this nailed fown
By:
DFCIRONMAN
When: 24 Feb 19 12:17
£3,000
By:
Do wah Diddy
When: 24 Feb 19 17:07
As soon as you got 14 aday if your like me and the rest on here You would want 100.then 1000 then 5000 and then the whole of betfairs assets .it doesn't stop at 14 a day
By:
G Hall
When: 24 Feb 19 23:45
And that do wah Diddy is what I need to change, and if I can then maybe, maybe I have a chance. God bless you.
By:
G Hall
When: 25 Feb 19 10:46
DFC are you saying a 3K tank is needed to win 14 a day
By:
CLYDEBANK29
When: 26 Feb 19 09:20
A fully operational modern day tank would cost in the region of £4-£7m.  The expectation of BREXIT has pushed that up by 10-15%
By:
DFCIRONMAN
When: 27 Feb 19 10:14
As long as you have an "edge" or "edges", then horse racing is better than football. Football players , for reasons given on another thread on here (I'll post the name of thread shortly.), are unreliable etc.
By:
DFCIRONMAN
When: 27 Feb 19 10:15
Does a football betting system that works exist? THREAD (near start.
By:
roadrunner46
When: 27 Feb 19 20:34
you might not learn anything from peter webb videos, its a bit like buying a book, if you can take just one thing from that book, and that helps you to progress. the guys videos are free, i would never recommend buying any products. as for making a lot of money trading, the OP only wants to make £14 a day, doesnt need
an edge for thatLaugh just a few hundred pounds and little bit of patience, before he starts to understand and learn more about how trading works. never listen to people who try and tell thats not worth
doing.
By:
trebor
When: 27 Feb 19 22:25
I find Peter's video's really informative, it's not his job to spoon-feed any negative people who cant see the benefits of them.
I had to look up exactly what shill meant, I suggest nathanrh you look up what slander means.
By:
CLYDEBANK29
When: 27 Feb 19 22:57
I saw one or more of Peter's videos one day.  I thought they were self promotional rather than instructional myself.
By:
nathanrh
When: 01 Mar 19 21:37
trebor - its not slander. Without wishing to be rude. It was my personal opinion based on quite a significant number of years in both the betting markets, community message boards etc. A little context is always useful and everyone is free to make up their own mind with the abundance of information that is out there.

I'm sure the videos have a use for someone but in the context of this thread we both agree "they aren't there to spoon feed you a winning strategy", I wouldn't call that negative, just a reflection of reality.
By:
The Management
When: 02 Mar 19 10:31
Agree with Nathan - when you condense it down (remove all the adverts for the courses and the software that will make you rich!) all of the "pro traders" with blogs, websites etc are all essentially just saying - buy low sell high or same thing in reverse buy high sell low. Which is fair enough as some variation of that (whether you close it out as a trade or let it run) is the only way to profit over time.

What they won't tell you or show you (the bit I think you are asking for) is the element that you need to work out for yourself - which way the market is going to move, when will it move, how far will it move, etc.

If you have been here 13+ years (G Hall), you must by now have watched enough markets to have an idea of how they behave i.e. what the "right" price should be in any given scenario and therefore (by default) you would also have an idea of the "wrong" price. If you consistently play only when you see the "wrong" prices (lay when too short, back when too long) you have the basic foundations.

From your OP though it does sounds like you just enjoy gambling and may be prone to going on tilt. So it might just be that you're not psychologically cut out for it. i.e Even if you understand how the markets behave, you still have to behave yourself!
By:
ericster
When: 02 Mar 19 13:14
Mr. Hall,
Forget the 14 quid a day. Forget regular betting imo.
Get yourself a method then streamline streamline streamline until you've almost put yourself out of the game.
Almost.
And then you wait...

You cream off small margins every time you play but you wait.
And before you know it, if you got a decent method/plan/whatever, those margins aren't so small any more.
HTH.
By:
trebor
When: 03 Mar 19 01:49
nathanrh guess it best to just agree not to agree with each other on your first line in your reply.

My negative comment was not aimed at that part of your post, not necessarily even at this thread, but on this thread and others we have spoke on you seem to think that the markets are too efficient, and very clever people have got everything sown up? now I certainly don't qualify as one of the clever ones, but I love what I do and my enthusiasm is probably one of my biggest strengths, makes me keen to watch the videos you consider worthless.

I watched one last week, I knew everything on it, as it was not the first time I had watched it, but I was working on something and the info on the video a few months earlier may not have meant much to me, but on that night it was he final part of the jigsaw I needed to make what I was working on profitable.

People are telling anyone who may not have an edge on a market to find one, but where? far from discouraging G Hall to watch the video's I would suggest they are a good place to start.

And finally a bit about the super efficient markets on here, what difference does it really make? this is a betting exchange there many ways to make a profit. On two of the sports I work on on here I could imo price up the markets as good as anyone, yet never use that knowledge, on a third I could not get anywhere near pricing it up, but I can get information from a graph and other sources, I agree with the management above if you know which way the market will move it is far easier than treating an exchange as if it was a bookmaker.

And finally (for a second time) guess who taught me how to read the graphs and other methods
By:
nathanrh
When: 05 Mar 19 03:49
trebor - we probably agree more than we disagree.

The markets here ARE efficient (incredibly and verifiably so) and the casual punter is betting against VERY significant professional and well-financed resources, that isn't really something to debate, its almost certainly a fact unless the Exchange is just one huge charitable eco-system.

When a poster has clearly been chasing, wants to make £14 a day etc. that mindset is a significant obstacle to overcome when looking for pricing errors or profit opportunity. And being enthusiastic is a valuable personality trait but it alone won't deliver a profit.

I was perhaps overly critical of the videos as a resource, but as another poster has noted they are more 'promotional' (there is a product to sell after all), you have clearly found them useful but then you add that you can "price up the markets as good as anyone" - now that really is a valuable skill and one the OP should probably be looking to develop.
By:
The Management
When: 05 Mar 19 10:53
I think the two of you (trebor and nathan) are basically in violent agreement.

Nathan said - "The markets here ARE efficient (incredibly and verifiably so) and the casual punter is betting against VERY significant professional and well-financed resources..."

That's fair enough, I think Trebor agrees, He's just finding it a bit too pessimistic as a standalone statement and pointing out that despite this a profit can still be made by others, with which I also agree.

To the OP (G Hall) - I'm gonna aftertime like all the best on-line tutorials!

But take the Fulham v Chelsea match on Sunday - a major game in a massive league - yet the super efficient professional market makers allowed Chelsea to be matched between approx 1.74 (admittedly for just a few hundred quid - days before KO), then many, many thousands were matched between 1.6x & 1.55 and then the price gravitated on the day pre kick off to around 1.44? (figures from memory and prob not exact). That is an exceptional range (1.74 - 1.44) but there is always a range. Obviously Chelsea won but I can promise you the folk that got 1.70+ wouldn't have cared about that individual result and had probably left the market long before a ball was kicked. They are likely to be long term winners - the people that took 1.44 just before kick off obviously won as well (that day!) but their long term prospects probably aren't so great!

In your OP you don't mention price at all - just that you backed Barcelona and Messi missing a penalty cost you - and then that started a bit of a downhill spiral. That sequence of events still leads me to the conclusion that you aren't psychologically cut out for it. But you did take the time to post and your post seems very honest.

IMO you would do well to start thinking about prices instead of results - obviously the two are related but there is more profit to be had on a betting exchange in having a strong opinion about the price than there is in having a strong opinion about the outcome. I thought Chelsea would likely win on Sunday (like everybody else!) but just backing what you think will happen (in complete isolation to the price) will just see you cursing some other penalty taker or a linesman etc in a few weeks time.

In short: Stop behaving like a betting shop user and start behaving like a Betting Exchange user.
By:
G Hall
When: 05 Mar 19 11:41
Thanks for the replies, I am officially a mug punter. I am glad you mentioned the Fulham v Chelsea game.

I backed over 1.5 goals and collected before half time happy days

At half time with Fulham needing to score against a team with some excellent counter attacking players, I thought more goals here and backed over 3.5 goals ouch incredible it didn't happen, and then the spiral continues.
By:
The Management
When: 05 Mar 19 12:14
Ok, you have at least given a rationale (of sorts) for your second "venture" into the Fulham/Chelsea match but you still haven't referenced price - so I am inclined to agree - perhaps you are officially a mug punter.

But do you want to resign yourself to that or maybe the first step away from being a mug punter is recognising that you are a mug punter and your journey has just begun?

You do have a choice - but as Einstein (allegedly) said - Insanity is doing the same thing over and over again and expecting different results.
By:
G Hall
When: 05 Mar 19 15:35
Very true so a fresh start is required, any advice.
By:
The Management
When: 05 Mar 19 18:01
I don't know enough about you to even know where to start and what little I do know indicates you are a lost cause and I would be wasting my time (no offence!).

So to be really quick and dirty i would advise:
Remember it's a Betting Exchange not a betting shop.
Price is everything.
Stop gambling until you have understood the above.
Withdraw all of your funds apart from a tenner - if you can't grow a tenner you won't be able to grow 1k or 10k.
Smaller is actually very much easier, scaling up is a problem for another day!
Then I would follow Ericsters advice above - find your "thing" or "things" (there are 1000's to choose from).
Forget 14 quid per day (for now) - Try to make 20 pence first - but initially do it as if your life depended on it (and you cannot afford to lose), what would you do with your tenner if you were in some sort of Hunger Games scenario and needed 10.20p to survive? That's probably a bit melodramatic for 20 pence but hopefully you get the picture.
Refine and repeat.
By:
The Management
When: 05 Mar 19 18:03
And stop backing Barcelona - unless they are overpriced (which is highly unlikely!).
By:
Charlie
When: 05 Mar 19 18:12
G Hall
I do like your enthusiasm to learn. May I suggest a different approach than asking somebody to post the holy grail for you as it's not going to happen.

Why not post your next 20 bets (before time) giving reasons for the bets and why you think they are good odds? You may get crucified but there's a chance you'll receive some positive criticism. Bear in mind that if you do receive feedback it will probably be given after the result is known and so take that into account.
By:
The Management
When: 05 Mar 19 18:35
ffs Charlie - I have just dedicated 300 seconds of my life to posting the holy grail for a clueless but likeable stranger Wink

In all seriousness I would be happy to critique bets (prior to the event) if posted in time but shirley GH would still be gambling and I don't think he's cut out for the roller-coaster ride or the variance.
By:
Emitdeb
When: 05 Mar 19 18:36
Set my target at £10 per day, 12 years ago... £5k down so far. Sad
By:
The Management
When: 05 Mar 19 18:44
Emitdeb - you probably didn't start with a big enough bank! Wink
By:
G Hall
When: 05 Mar 19 21:02
Thanks for the replies appreciated.

Bet 1

Lay England ladies at 193 v Japan
By:
G Hall
When: 05 Mar 19 21:02
Sorry 1.93
By:
G Hall
When: 06 Mar 19 01:18
Well that went well Crazy
By:
Charlie
When: 06 Mar 19 07:03
You didn't put your reasoning and why you thought laying at 1.93 was good odds.

If England had gone 1 down would you have kept the bet or cashed out?
By:
The Management
When: 06 Mar 19 10:23
The Management    05 Mar 19 18:01 
I don't know enough about you to even know where to start and what little I do know indicates you are a lost cause and I would be wasting my time (no offence!).


You spent about 10 minutes thinking about the entirely new approach that was gonna transform your betting career and decided that your new specialism would be to combine Ladies, Internationals and Friendlies. Then you laid at 1.93 (about the highest price they ever traded at).

Not a bad combination in which to specialise or find an edge in theory - but IF you were a specialist and understood your market better than the pros you wouldn't have laid at the very top of the price range. You might as well have asked BF to put up a market on Dwarf Tractor Racing and then laid the favourite at double the SP.

It's official - you are either a lost cause or a wind up merchant (suspect the latter).
Either way - I'm out, You're fired!
By:
ericster
When: 06 Mar 19 11:32

Mar 5, 2019 -- 12:01PM, The Management wrote:


I don't know enough about you to even know where to start and what little I do know indicates you are a lost cause and I would be wasting my time (no offence!).So to be really quick and dirty i would advise:Remember it's a Betting Exchange not a betting shop.Price is everything. Stop gambling until you have understood the above. Withdraw all of your funds apart from a tenner - if you can't grow a tenner you won't be able to grow 1k or 10k.Smaller is actually very much easier, scaling up is a problem for another day!Then I would follow Ericsters advice above - find your "thing" or "things" (there are 1000's to choose from).Forget 14 quid per day (for now) - Try to make 20 pence first - but initially do it as if your life depended on it (and you cannot afford to lose), what would you do with your tenner if you were in some sort of Hunger Games scenario and needed 10.20p to survive? That's probably a bit melodramatic for 20 pence but hopefully you get the picture. Refine and repeat.


I'm sure that many of us in here, btw thanks for that Management, have taken a hit and thought "right! that's it. I'm not going to do this. I'm not going to do that. And, some how, we've managed to claw our way back?" That's the sort of mindset that you must adopt and maintain.
That's how it is Mr.Hall. You're in survival mode always.
If you like betting, forget it. It isn't going to happen.
Betting with an intention to make any sort of a profit, short term, OR long term, isn't fun.
Says he who just had one go down the toilet. "Hand-Crypalm.

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