HelloI'm fairly new to betfair trading this is my 3rd month in to market, was just trading in practice mode and did alright so I'm giving it a go using real money, going to put £150 in my account and try making tenner a day from Monday , I'll update this thread daily with p&l, hopefully I'll make it
i'd appericiate any advice from pros
The Following 2 Users Say Thank You to bmj1491 For This Useful Post: | ||
Caan Berry (2nd March 2015),
shadowninja (2nd March 2015)
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Good luck !
Oh I forgot to write that I've been paying more.attention to graphs lately and I've better understanding of graphs now, I try to lay at support level and back at resistance and doing.okay so far, how important the technical analysis is when trading betfair? Or should I just look how other horses price doing and take.it.from there?
I always set a target id like to make each day but its not set in stone,if you reach your target and still feel good keep going and on the otherside if you feel its just not your day,stop theres always another day.
Just saw caan's last video on youtube with low stakes.on tennis,think I'll give it a go using £2 stakes![]()
Which markets are you trading, Pete race horse racing is all about who has the biggest stake
Tennis can't be manipulated like that but you need big big balls to trade it
Now is a good time to start tennis. Beginning of the season everyone is unsure about early season form and you can build up a picture of the players over the next couple of months on more of a level playing field
You must learn the players though
Not convinced by caans video, that market was nothing like a normal market. Sure that match was a challenger
I watched it
Observe the next 3 moves .... You'd be knackered over a decent period. I may be wrong but that my gut feel based on trying to win £1 and risking a significant amount more
if you have been observing granollers v sijsling you will see the possibilities
We have got one life to live why wait til Monday let's do this from.today, just.put £100 in betfair and aiming.to make fiver to tenner a.day first time going live mode.![]()
First day of live mode and market isn't same as it used to be, was doing okay averaging 9-10£ a day in practice mode and live mode -0.47£ first day, not that bad roll on to Sunday![]()
When I was in practice mode I was doing okay but as soon as I started using real money its a struggle -0.78£ for today, hopefully I'll improve soon
Others are a lot more experienced than me, but try looking at how many ticks you win/lose on each trade, and at what odds instead of the £ you win/lose and that will give you a better idea of how your going.