First off, if you want to see how to really trade watch this video: –
I did a video a little while ago on a high probability trading vs high profitability trading. The two are entirely different things and often at the opposite end of the scales.
But here is a high probability trade. Here is the Betfair trading strategy that never losses, sort of.
What I want to show is that it’s actually relatively easy to get a green result or a string of profitable results if you want, but it will be at very high risk.
However, you only need one bad ‘trade’ and the whole thing will unravel.
However, there are some interesting lesson to be had in there. Namely that it is possible to influence your chance of a payoff before the off and that taking something in-play is incredibly risky as the payoff is tiny in comparison to the liability.
But I hope you enjoy some of the aspects of this video.
Link do palpite
That was me blowing the bank last year…..
so calm risking £600. Nice 🙂
LOL looks like a Caan Berry video. You should put a batch together and flog them for £150….
listen mate you need to put bigger stakes 10 pound not going cut it
Hi Peter, do you have or would you recommend a "list of trading rules" that you hold yourself to? In financial market trading virtually everyone says that a common (even essential) component of becoming a successful trading is having a hard list of rules that you promise to never transgress without self-imposed penalty.
in financial markets we call this "adding to a losing position" and it what took down LTCM, Lehmans, and every bedroom novice trader who ever tried their hand
I sadly have done this many times and been burnt. I thought at first you was serious and I was like hang on I saw your video on NEVER GO IN PLAY. 😂
Gents, never use such advise, u risk for 300$ to win 6$. Bullshit. Gambling and hope.
You should only ever chase the price, if you can tell where the range of resistance of a selection is, and you know that it's very unlikely that it will go beyond that range. But even in this case, it's best if you chase it just one or two times; use two or three times the amount of the sum of your matched stakes when you submit a bet to chase the price, and only submit the chaser bet if the price makes a relatively big move; these bets should not be too close to each other. But again, make sure you know where the range of resistance of a selection is!
A few years ago at a low point on my trading journey, I paid a sizeable amount of money to go on a trading course only to see the "professional trader" trade exactly like this video. Often risking >10 ticks to make 1 tick….and going in play on all losing trades…
averaging down ?
I do exactly this way too often :(. Nice video Peter.
Martingale trading almost!
I can't belive what I am seeing. This is exactly what you are not suppose to be doing. Why have you shown this video? Since when was it ok to let your trade go IR?
Ironic title alert…
Damn Peter that was painful to watch 🙂 A great video of how not to trade though.
Been there. Bought the t-shirts. And some of those t-shirts were ridiculously expensive.
Chasing price with ever increasing liability. It's akin to picking up pennies in front of the express train. One day it's gonna be messy.
Savage. I feel for the poor souls that misinterpret this video. Endless averaging and going inplay is quite the winning combination, all that's missing is laying the field at the end.
I can just picture the look of mischief in your eyes whilst posting this Peter 🤣
Thank you Peter for great videos and conclusion you make from your experience, I appreciate it a lot as a beginner in pre-race horse trading. Can you recommend any website or other resource to learn more about the horse races? I make around 2pts per day and I have no idea what those beautiful creatures and tracks they run on are. And also tools that can help me to value the horse to the odds available on the market? There are lots of different programs, websites but as a rookie I’ve no idea if they are any good. Thank you once again and looking forward to your next video. Cheers from Sweden!
so exactly the same as backing at 1.05
Even Peter Webb is capable of satire.! Well done Peter I thought this was a serious video at first. Made my evening this.. 🤣🤣🤣
Like the way you Analyse things…
always interesting things. Have you ever thought about translating into Italian?