My first couple of days trading
So I started trading with £2 stakes a couple of days ago just for practice and mainly on football because it’s a sport I’m interested in. I’m having some success but it’s just penny’s really but practice makes perfect. Some of the strategies I’ve used have been laying the draw when it’s 0-0 at halftime and another is laying on the underdog when they go a goal behind are these good strategies to start of with or would people suggest something else?
. I also missed out I’m laying them then backing and hedging when the odds rise is this still classed as a bet ?
Now that you've clarified it a bit more it could be classed as a form of trading, however:
In order to really classify as trading there should really be a systematic approach, i.e do you pick specific matches where you expect the odds to move? Otherwise it's more like guesswork which is really just betting.
In my own case over time I have drawn up various indicators for use in horseracing where I back or lay horses which meet certain criteria. The intent is to back or lay them as I believe their odds will move in a certain direction based on 1000s of previous examples. It isn't necessary for them to win or lose for the strategy to be profitable so I tend to think of it as a form of trading.
The best way to come up with strategies is to experiment. Think about the reasoning behind the strategy, for example, why you feel profits from laying the draw and closing after a goal, will outway losses when no goal is scored and you close for a loss. Keep detailed data on your results for each type of event you trade. Even if it doesn't work, the area where it losses the least might possibly be tweakable or point you in a new direction - much better than blindly following a fleeting hunch. Good luck.Tom246289 wrote: ↑Thu Feb 06, 2020 6:33 pmSo I started trading with £2 stakes a couple of days ago just for practice and mainly on football because it’s a sport I’m interested in. I’m having some success but it’s just penny’s really but practice makes perfect. Some of the strategies I’ve used have been laying the draw when it’s 0-0 at halftime and another is laying on the underdog when they go a goal behind are these good strategies to start of with or would people suggest something else?
Thanks for the replies. So far I’ve been looking at stats for teams scoring second half goals, so if it’s 0-0 at half time or just after I’ll lay the draw when the odds are favourable. I’m just using it as a bit of practice for a good few months till I can get a better understanding of the markets and how they work. I’m interested in looking at horse racing markets as well but don’t want to confuse my self so I’m just starting off slowly.
that's quite true. if you've researched your market(s) and can statistically draw black box runners that fit your criteria, then letting them run to expiry is a valid form of trading also. there are quite a few on here that use this approach and far from being *bets* they are a range of transactions which are placed with an expected cummulative positive outcome over the course of the week.
Thanks for all the help and replies. So far this week I’ve only done a couple of trades and things are working out so far. I’m just going to take things slow with small stakes while also watching the guides and doing more research, I don’t want to try run before I can walk.
Very early days but have a look around the football section of the forum, a lot of threads and discussions that can point you in the right directions and help you minimize mistakes. There's also 85 football trading videos on this Bet Angel playlist on Youtube : https://www.youtube.com/playlist?list=P ... 8385C5B599
Cheers for all the help I’ve been making my way through the videos. Also had a little dabble on horse racing I’m getting the hang of stuff just trying to keep it as simple as possible at the start.
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Indeed this is exactly what I do. I record the no of transactions each day and the monthly profit and loss. The stats gained from doing this has helped me enormously to understand better what I'm looking for and what I can expect over the course of a year in terms of profitability.jimibt wrote: ↑Fri Feb 07, 2020 9:46 amthat's quite true. if you've researched your market(s) and can statistically draw black box runners that fit your criteria, then letting them run to expiry is a valid form of trading also. there are quite a few on here that use this approach and far from being *bets* they are a range of transactions which are placed with an expected cummulative positive outcome over the course of the week.