My aim with betfair/bet angel is to be able to earn a steady £50 every day, preferably spending no more than around 3 hours a day doing it.
Since I have no desire to let this take over my life, I initially thought that was a fairly modest goal... but I'm now beginning to wonder.
How many people on here regularly make at least £50 each and every day? And how long did it take you to reach that level?
How many people on here are making £50+ every day?
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cybernet69
Yes and took ages until I had a lightbulb moment.
For every 1 person who makes >= £50 per day there are probably 100s that make < £-50 per day.
The minority make a profit while the majority make a loss and usually give up.
For every 1 person who makes >= £50 per day there are probably 100s that make < £-50 per day.
The minority make a profit while the majority make a loss and usually give up.
That's a very judgemental response. You don't know anything about me or my attitude.
Your original post describes your attitude precisely. You want £50 a day for no more than 3 hours work and you don't want it "to take over my life". You should pack up now. You have no chance of achieving your stated goal.
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Might be worth you looking at botting you don't want to put in the hours, manual trading can be very draining when you're just trying to pick up small amounts whereas bots will happily churn thru markets 24/7 for very little returns which all add up at the end of the day
nonsenseFrogmella wrote: ↑Thu Jun 08, 2017 1:05 pmYour original post describes your attitude precisely. You want £50 a day for no more than 3 hours work and you don't want it "to take over my life". You should pack up now. You have no chance of achieving your stated goal.
I understand what you mean, it was a reasonable question, but unfortunately for you, you didn't insert enough emotion into the post (
) .Take a look at some of the other threads started recently to see hows its done if you want a sympathetic response.Of course, modest effort for a modest return is something to aspire to, why shouldn't it be with the right levels of expectancy, it may just take you slightly longer to achieve this goal.
Frogmella wrote: ↑Thu Jun 08, 2017 1:05 pmYour original post describes your attitude precisely. You want £50 a day for no more than 3 hours work and you don't want it "to take over my life". You should pack up now. You have no chance of achieving your stated goal.
Really?
Do you not understand that a goal is something to strive for, not something that reflects my current willingness to learn.
There is no correlation between the two.
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Have to agree , I saw nothing in the opening post that came across as looking for an easy ride or even asking people for a free edge. Nothing wrong with hoping to make a bit of cash on the side without it taking over your life and £50 for 3 hours is hardly a fortune, I'd imagine most people could easily pick that up with their day job. He'd admitted his original perception of trading might have been optomistic and just asking how long it took others.
Last edited by spreadbetting on Thu Jun 08, 2017 1:23 pm, edited 1 time in total.
You shouldn't be looking at an actual number. From a trading plan perspective, you need to see what you are going to trade, how many markets and base your decision around an achievable target based on that. Not a monetary target. Monetary targets lead you to chase a number, rather than trade an opportunity.
I will trade 8-10k markets this year so if I wanted to earn £25k that would be only £2.5 per market which is comfortably achievable for me. My biggest race so far this year was 800 times that.
I will trade 8-10k markets this year so if I wanted to earn £25k that would be only £2.5 per market which is comfortably achievable for me. My biggest race so far this year was 800 times that.
Nailed it, don't be put off by boiler plate responses.pyrrhus80 wrote: ↑Thu Jun 08, 2017 1:20 pm
Really?
Do you not understand that a goal is something to strive for, not something that reflects my current willingness to learn.
There is no correlation between the two.
+1. we're such a bunch of killjoys when someone asks a simple question. ashamed to be part of a club that has no soul at times.spreadbetting wrote: ↑Thu Jun 08, 2017 1:21 pmHave to agree , I saw nothing in the opening post that came across as looking for an easy ride or even asking people for a free edge. Nothing wrong with hoping to make a bit of cash on the side without it taking over your life and £50 for 3 hours is hardly a fortune, I'd imagine most people could easily pick that up with their day job. He'd admitted his original perception of trading might have been optomistic and just asking how long it took others.
You have misunderstood my motive. I am just trying to save you some grief.pyrrhus80 wrote: ↑Thu Jun 08, 2017 1:20 pm
Really?
Do you not understand that a goal is something to strive for, not something that reflects my current willingness to learn.
There is no correlation between the two.
See my post from a few days back here:
http://www.betangel.com/forum/viewtopic ... 10#p125110
If your looking to make say £50 for a couple of hours work then take a look at match betting. Last few months I have averaged around £50 per hour and I am by no means an expert at it. I know some people make a lot more than I do.
Before people ask why don't I do more hours if its possible to make that kind of hourly rate there are several reasons.
1. Most of my income comes from Acca insurance offers and there are not that many companies that do this offer.
2. Most of the companies that do this offer restrict you to only one £25 free bet per day, therefore there is no point doing more than one acca a day with them.
3. I like to do things legally ie. I don't multi account using VPNs etc.
4. You will eventually be gubbed and or restricted at all the bookies you take money from. I have lost some, and when the footie season starts again I will lose more.
If your interested study some of the various matched betting forums, there are several around and when the major football leagues start up again you should be good to go. You don't need to spend any money subscribing to any of the matched betting web sites. All the information you require is available for free on line.
I'm not sure why more beginner traders don't do some matched betting to make a few extra quid. For one thing you can use the money generated to pay for some professional education from the likes of BA or others. Also unless your an Adam Heathcote, you will lose money when you start trading, if your sensible and start off with modest stakes, the money you will lose while trading will be made up many times over by the amount you gain match betting. This will help remove some of the stress of trying to learn to trade.
If after a year or two you find you just can't make it as a profitable trader, you should still be many thousands of pounds up when you take into account the money you have made match betting set against the money you have lost trading.
Before people ask why don't I do more hours if its possible to make that kind of hourly rate there are several reasons.
1. Most of my income comes from Acca insurance offers and there are not that many companies that do this offer.
2. Most of the companies that do this offer restrict you to only one £25 free bet per day, therefore there is no point doing more than one acca a day with them.
3. I like to do things legally ie. I don't multi account using VPNs etc.
4. You will eventually be gubbed and or restricted at all the bookies you take money from. I have lost some, and when the footie season starts again I will lose more.
If your interested study some of the various matched betting forums, there are several around and when the major football leagues start up again you should be good to go. You don't need to spend any money subscribing to any of the matched betting web sites. All the information you require is available for free on line.
I'm not sure why more beginner traders don't do some matched betting to make a few extra quid. For one thing you can use the money generated to pay for some professional education from the likes of BA or others. Also unless your an Adam Heathcote, you will lose money when you start trading, if your sensible and start off with modest stakes, the money you will lose while trading will be made up many times over by the amount you gain match betting. This will help remove some of the stress of trying to learn to trade.
If after a year or two you find you just can't make it as a profitable trader, you should still be many thousands of pounds up when you take into account the money you have made match betting set against the money you have lost trading.