Loss to Profit and How?

[Derek27]

Hi,

That is what many of my early threads were about. I was trading out far to early. But also people saying this isn't gambling. It is trading. As it was 0-0 after 35 minutes I couldn't see the value in still going for 2-1.

When a horse wins at 33/1 not many people would have seen the value in it, but nobody expects to see the value in every winner!

[JustLukeYou]

How do you find value?

I am looking at Las Palmas at can't see anything. The previous results were all over the place.

[JustLukeYou]

**NEW SUBJECT**

So I'm trying not start lots of threads but does anyone know how part trade out. It's something that I have been wondering for a while. With Bet365 you can part trade out but I can't see how to do that with trading. The only option I can see is it to use two trading platforms?

[ShaunWhite]

This is why people get frustrated with you. You say you're trading but you don't even understand how to execute a basic trade.

The answer is : To part trade out, you do what you do when you fully trade out but with a lower stake. Use a pencil and paper, or Excel to calculate your stake so you get left with the position you want.

Why don't you have a Betfair account?

[JustLukeYou]

Because Smarkets have lower stakes and I used them when I did MatchedBetting.

I don't know what you mean by this:

"To part trade out, you do what you do when you fully trade out but with a lower stake."

Let's say I back 2-0 at 10 for £1 can I trade out 50p and win £5 with the remaining 50p like you can with Bet365?

[Speculator_3]

How do you find value?

I am looking at Las Palmas at can't see anything. The previous results were all over the place.

Why don't you watch the match while checking the odds to see if they represent value or not? Las Palmas are 2-0 up and are laying at 1.07. Would you lay them at these odds, given the action on the pitch?

[JustLukeYou]

How do you find value?

I am looking at Las Palmas at can't see anything. The previous results were all over the place.

Why don't you watch the match while checking the odds to see if they represent value or not? Las Palmas are 2-0 up and are laying at 1.07. Would you lay them at these odds, given the action on the pitch?

No I wouldn't lay at these odds because they are still all over Deportivo. It has just gone 3-0.

[Derek27]

How do you find value?

You use your judgement?

Good judgement is gained from years of experience of trading, not from watching videos, opening threads or a small handful of profitable trades.

People who negatively commented on the number of threads you've opened were not concerned about the Bet Angel servers' ability to cope with the extra threads. It's the fact that you're jumping from one subject to another, readily giving up on the previous one without exploring or taking much notice. Even an experienced trader couldn't take in the amount of information you're trying to.

[JustLukeYou]

I don't wish to be rude but answers like this "You use your judgement?" offer no value. That is why I have to keep asking different questions.

If you replied with the process behind making that judgement that would make this forum useful but so far I have been told to watch videos made in Portugese. I ordered a book and I was criticised for that. But what else can I do. Follow information like "You use your judgement?"

Doing that I won't get anywhere.

It's bit like someone asking. How do you drive a car? and someone replies "Put your foot on the pedal" yet there are 3 pedals.

[Derek27]

No I wouldn't lay at these odds because they are still all over Deportivo. It has just gone 3-0.

That's an example of exercising judgement. Then you need to decide what odds would you lay them at and what odds would you back them at. Those two points (which will be fluid in a football match) represent the boundaries of your margin of error, and anything in between is not sufficient value.

To answer the question in your thread title, most traders/gamblers get this badly wrong in the beginning and make a loss. Then, just like with anything, they learn from their mistakes and their judgement gets better until their judgements are right for the majority of the time.

[Derek27]

I don't wish to be rude but answers like this "You use your judgement?" offer no value. That is why I have to keep asking different questions.

If you replied with the process behind making that judgement that would make this forum useful but so far I have been told to watch videos made in Portugese. I ordered a book and I was criticised for that. But what else can I do. Follow information like "You use your judgement?"

Doing that I won't get anywhere.

It's bit like someone asking. How do you drive a car? and someone replies "Put your foot on the pedal" yet there are 3 pedals.

The process behind making judgements involves a very complex set of connections between brain cells that even the best brain surgeons in the world don't fully understand - to say this forum would be useful if we could explain it is an astronomical understatement!

Do you not understand that the skill required to drive a car, play golf, swim, or make a judgement on the probability of football team winning is not something you can put in writing. It's actually a piece of your brain and is only obtained with experience. Most people take years to reach a high level of competence. As a newbie you can only be pointed in the right direction. You have to work hard and develop your judgement yourself.

[JustLukeYou]

I don't wish to be rude but answers like this "You use your judgement?" offer no value. That is why I have to keep asking different questions.

If you replied with the process behind making that judgement that would make this forum useful but so far I have been told to watch videos made in Portugese. I ordered a book and I was criticised for that. But what else can I do. Follow information like "You use your judgement?"

Doing that I won't get anywhere.

It's bit like someone asking. How do you drive a car? and someone replies "Put your foot on the pedal" yet there are 3 pedals.

The process behind making judgements involves a very complex set of connections between brain cells that even the best brain surgeons in the world don't fully understand - to say this forum would be useful if we could explain it is an astronomical understatement!

Do you not understand that the skill required to drive a car, play golf, swim, or make a judgement on the probability of football team winning is not something you can put in writing. It's actually a piece of your brain and is only obtained with experience. Most people take years to reach a high level of competence. As a newbie you can only be pointed in the right direction. You have to work hard and develop your judgement yourself.

I will use this as motiviation to read Caan Barry's book once it is delivered.

[JustLukeYou]

No I wouldn't lay at these odds because they are still all over Deportivo. It has just gone 3-0.

That's an example of exercising judgement. Then you need to decide what odds would you lay them at and what odds would you back them at. Those two points (which will be fluid in a football match) represent the boundaries of your margin of error, and anything in between is not sufficient value.

To answer the question in your thread title, most traders/gamblers get this badly wrong in the beginning and make a loss. Then, just like with anything, they learn from their mistakes and their judgement gets better until their judgements are right for the majority of the time.

So are you saying that watching YouTube videos, reading books, joining forum and maybe taking a course is a waste of time?

[JustLukeYou]

WTF

Does anyone know how he got into this position. If Syria win he loses £10.00 if they don't win he wins £1,000. That is insane.

https://twitter.com/followSTL/status/11 ... 0222111744

[Kai]

WTF

Does anyone know how he got into this position. If Syria win he loses £10.00 if they don't win he wins £1,000. That is insane.

https://twitter.com/followSTL/status/11 ... 0222111744

Err, It's called laying. He put a simple lay bet on Syria at the price of 1.01 for a 1000 stake, that's why his liability is only 10. Above all else this should be your first priority, to fully understand backing/laying and how to manage your positions.