Indeed, all too familiar to experienced traders who will still remember the dotcom boom and bust between with glee or despair depending on their personal outcome.

My Journey to Making Money Trading Sports on the Betfair Exchange

Brokers and the Herd Mentality. Online poker was all over the internet. Punters piled in again, despite small print warnings about the illegality of internet punting being openly disclosed in black and white in the prospectus. Not to mention the legislation being touted around and drawn up by the US senate. The share price rose like wildfire from a float of p to a high of p. This is indeed a classic example of the herd mentality moving market prices.

Think about it this way. For experienced traders events like the online casino debacle are manna from heaven. Ride the bull up to , watch the technical charts for signs of a switch, and sell out quick. Inexperienced traders sat and watched like rabbits frozen in the headlights. This is classic example that shows how only experience can assist in knowing when to sell a stock. Here are a few mental debates that always prevent an inexperienced trader buying or selling:.

The stock price is rising so I would be foolish to sell because it might go up some more? This stock has just plummeted; surely it is not a company worth buying into. All 3 statements may seem logical on first glance, but to an experienced trader all 3 statements are fundamentally incorrect for 3 reasons which are just as simple as the statements are incorrect.

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When supply of a stock outweighs demand at any given price, the price will fall and vice versa. It can be and still remains very difficult to pinpoint exactly when this will happen. Hundreds of theories abound, millions has been spent on research, and there are libraries full of literature. Nobody has found an effective solution to effectively predict the market. News and events related or completely unrelated to your particular stock can happen at any time and can directly affect the stock or the index that pertains to your particular stock. This can have a huge effect on your stock price at any time.

In the global economy, news can come in at any time, day or night, and can affect your stock price within minutes. Can you keep up with it all the time? This very much depends on the nature of the cause for the crash. Similarly when it soars, it can end up massively overvalued and in reality represents very poor value. With all this conflicting information stacked against you, it becomes obvious why so many day traders fail and become disillusioned with the Stock Market, and why the Betting Exchanges are taking off the way they are.

A good knowledge of Technical Analysis TA and Fundamentals combined with personal experience of both winning and losing trades are the only ways to profit long term from liquidity and volatility. For people interested in short term hedging and scalping who do not want the prolonged agony and uncertainty of having medium or long term trades open in the Stock Market, Horse Race trading with Betfair is becoming THE medium of choice.

There are no hurricanes, earthquakes, interest rates or profit warnings. There is no setting the alarm clock for opening time and there is no watching a static stock for months waiting for the quarterly accounts. There are free tools that I will show you how to use in order that you can do some basic Technical Analysis.

There are paid for tools for those who really want to take TA to another level. The prices move so quickly that the absolute essentials are a real time charting facility, and the ability to fire trades into the market within microseconds, and I will show you a free tool that has these features. Most importantly you will need some cash, an open mind, and some bottle. Anyway just to finish off the hapless tale of the online casino operator. The Moral: If you do not make liquidity and volatility your best friends as a trader, they will become truly feared enemies.

How To Make £10 Per Day On Betfair

You have to identify a trend early, disseminate all the information and fundamentals, identify the risks, use Technical Analysis to get your trade timing correct, get in early before the herd stampedes and get out early before it peaks and they all run over the edge of the cliff. If you think the Stock Market is volatile wait till you start trading horses. There are certain personality traits evident in all the best traders, whether on Stocks or Sports. FACT: Not everyone is cut out to be a trader.

Trading requires a certain personality type and attitude. These are personality traits which can to some degree be learned, in that trading can be taught by a set of rules, but the core personality is either there or it is not.

How To Make £10 Per Day On Betfair Sports Trading

The other thing which is always missing from trading manuals is:. Your days profit will be defined by the profits from trading decisions you make that move in the correct direction minus the losses you make from trading decisions you make that turn against you minus the sales commission taken by the broker or the commission on profit taken by the exchange.

As I talked about previously due to the extreme volatility of horse prices, what can be an early morning steamer can be a pre-race drifter with news coming out of the stable or via the trainer.

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You HAVE to accept this as part of the sport. If you have already backed the horse and it starts drifting, you HAVE to Lay it off when the price reaches your predetermined Stop Loss. In setting a Stop Loss it is important to understand the concept of Market Spread. So it can be seen that the Sell price has to move to a significant enough degree that it is higher than the Buy price you paid in order for you to make any profit at all.

The situation is analogous but slightly different with Betfair. You will see that at any given time the Lay price is higher than the Back price and so the Back price has to move to a significant enough degree that it is higher than the Lay price you paid, or conversely, the Lay price must move such that it is lower than the Back price you paid in order that your trade can possibly make any profit.

As you learn to trade you will begin to notice that you win more than you lose as you start instinctively identifying and following common patterns. As you become more experienced at spotting trends you will spot patterns earlier and act on them more quickly and more decisively. Fact 2: More people make a profit on Betfair than they do with traditional bookmakers. Fact 3: Losing punters lose less money with Betfair than they do with traditional bookmakers.

The truth lies somewhere in the 4 facts above as stated. Believe you me, this stuff is powerful, addictive and groundbreaking. The technology is very advanced, reliable, exciting and innovative. Because of the liquidity which it generates, even traditional on-course bookies and the large high street chains are using Betfair to hedge against large losses while on course when their books drift out of balance.

Watch the huge wagers coming in one minute before the off. This is the real big players and the bookies balancing their books. It is very important to remember that trading is still essentially punting. Although you are not directly betting on the winner or loser of a race, you are still punting that a price will move in the direction predicted, if you get it wrong your trade can only possibly lock in a loss rather than a profit meaning essentially that you have lost before the race has even started.

This is a particularly unenviable situation to experience. These are the type of occasions when you will see red and start making rash, uninformed decisions on nags that have 2 hopes. Bob and No! Chasing your losses will only lead to the poor house, but we have all done it. If you cannot handle LOSS then you are the wrong personality type for trading or any other form of punting and should keep your money in a high interest savings account.

If you make ill considered wagers, like anywhere else, you will lose money and if you are losing a lot of money the attraction will soon wear off, and Betfair will STOP being fun and profitable. So why Trading, rather than Dutching, Backing or Laying? In my next article I will outline the various betting mechanisms available through Betfair, why they are so exciting and innovative, and why a lot of punters looking for long term profitability often come back to Trading.

Punting is innately a higher risk, higher reward, and higher octane type of strategy that I will be talking about in the future. I will then move onto the rules of my Trading System that will enable you to start scalping, trading and hedging on Betfair to beat your opponents and set up an artery pumping cash directly from their account to yours. Betfair Race Trading: Pt 4. Laying, Backing And Dutching.

Our Experts Explain Why YOU Should Avoid the Favourites Trap!

Backing it to lose the race. Laying a horse to lose is effectively the direct opposite of backing it to win. And that has become my passion! I have tried so many ways, including Forex trading, sports trading, dropshipping, P2P investing, MLM, various systems and services, but I have sticked to Affiliate marketing. I really like the fact, that affiliate marketing allows me to teach others and make extra money for myself. Your email address will not be published.

A passionate Internet Marketing enthusiast who have tried to make money online in every possible way including Forex trading, sports trading, dropshipping, P2P investing, MLM, systems and services. Read more about my journey….

Horse Racing Trading on Betfair Exchange Many Betfair traders choose to trade specifically in horse racing because horse races take place very often and there is a lot of money involved. The Strategy: Have you ever tought to lay the favourite horse with odds lower than 1. Advantages Of This Strategy: You are risking with little amount of money The statistics is in our side, this strategy is winning one Disadvantages Of This Strategy: Losing streaks may occur Betfair Horse Racing Trading: Technical Analysis Patterns Technical analysis patterns are graphic patterns, models that serve as an additional indication in the prognosis of the ratio swing.

Some of the most widely used patterns are 4 types of triangles: 1 The ascending triangle — the trend is against a horizontal point of resistance. Just as any other strategy it has its success rates.

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You have to accept the fact that the market might not always go your way when you open a position. Only by controlling your losses correctly and not letting them be higher than the potential profits of a single successful swing can you gain a constant and proper flow of income. To reach a high success rate you need to be patient! The more signals indicate that the swing will begin, the bigger the chance is you will be able to catch it.

The patience is needed to wait for these signals. Experience will develop your intuition. Trust the open positions and patiently wait for the swing to begin. Only those who are patient will finish what they have begun, the hasty ones will trip halfway.