I have been sports trading on Betfair for a little over a year. To begin with the concept of sports trading can be difficult to grasp as it is something completely different to matched betting and traditional sports betting. In my first year sports trading I have learned a lot, in this video I share with you the most important things learned to help you when you start you Betfair trading journey.
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Vídeo Completo
my biggest struggle with trading is the psychology, ill start with 1K, be up 200/300 in a few days, get brave and risk more than I should or worse stick around in the market instead of trading out for a loss, even when I know I should, then ill be back to 1K and go on tilt because I'm "down" money but technically I'm just back to square one, blow my load and reset 6 months later. So yeah I need to work on that big time. Great video and content I enjoyed watching.
Its a vicious cycle, you win you wanna keep trading, you loose you go on tilt. This is why I enjoy betting because you place your bet and walk away, I can deal with losses when betting but haven't been able to when trading.
Yes, trading is like being a crime detective working out who did the crime before the crime happens,
I’ve been trading properly for about 6 months now. Had some huge loses where I’ve over-staked at short odds for a goal, only for a match to finish 0-0 or no further goals come. Biggest lessons I’ve learnt in my time; Concentrate on 1 sport (Football too) and 1-2 strategies primarily the over goals markets for me. I’ve made good money in a day just from trading 2 matches.
Also psychology plays a massive part of being profitable, more so than actual strategies I’d say. Not revenge trading/chasing losses, having discipline and using stop losses, treating trading as a business will have a very positive effect on profit.
I’ve been going for around a year or so too, all sounds very familiar haha. I purposefully over-trader to start with to try and learn about different market types etc. it probably cost me a few quid but was all valuable learning. I think it’s good to look at any losses as the cost of learning. Time practising is great and vital, but a lot can be learned from a few genuine traders on YT (but def not the con artists selling their courses). I expect it will take another year or so before I can hope to be consistently profitable, but I’m in for the marathon. Another key lesson is to keep stakes low until you are ready and not get greedy, otherwise it’s a quick way to blow your bank.
Good vid all good points I started trading bk in March starting on horse racing a bit in and out same with football trading settled on tennis now important to trade on sport that you understand well too can help my problem is I sometimes get to involved in game and not mechanical enough with my trades
Very interesting! X