Sceptical

[jamesg46]

Unlike me, you have seen the proof. I'm still waiting. I will keep trying though.

The thing that you have to ask yourself is, how will seeing somebody else's reality improve yours.

I was never skeptical, that wasnt the reason I went. The reason I went is because I wanted to see the reality of what could be achieved but ultimately I'm never going to live in Peter's house or have what he has but that's not my aim, I want my own reality and my own house, built by my own imagination and hard work.

[rik]

Let us leave it there shall we? You all keep making money and I will keep trying. Don't want to fall out with anyone just want indisputable proof. If it does not come so be it.

you dont believe in screenshots? maybe call someone on skype and have them screenshare their lifetime statement if you need the irreversible proof
for every winner their need to be a loser, there will be far less winners than losers due to a some very big winners and comission, but obviously there should be at least a few hundred people that have a good enough lifetime profit to make a good loving on betfair alone

[Derek27]

Do you have indisputable proof for me?

The only way anyone can give you indisputable proof is to meet you in person, log in to their account and show you their P/L. Given that nobody on this forum is trying to sell you anything, why would anyone want to go to that trouble?

Look at it another way, when somebody loses on the exchange, somebody wins - it's mathematically impossible for everybody to lose. Being clever has nothing to do with it because everybody with varying intelligence has their own skillset. Making money on the exchange is difficult, not everybody can do it, it's even been rumoured that 95% of people lose! I'm hiring a builder to lay a patio for me because I don't feel I've got the skill to get a neat, level finish - it's hardly astounding to me that some people can do things I can't.

I'd also be interested to know how long you've been trading for?

[jamesg46]

Let us leave it there shall we? You all keep making money and I will keep trying. Don't want to fall out with anyone just want indisputable proof. If it does not come so be it.

you dont believe in screenshots? maybe call someone on skype and have them screenshare their lifetime statement if you need the irreversible proof
for every winner their need to be a loser, there will be far less winners than losers due to a some very big winners and comission, but obviously there should be at least a few hundred people that have a good enough lifetime profit to make a good loving on betfair alone

I suppose that logic would suggest this to most people, I mean otherwise you would have to believe that people are pumping 100s of millions in cumulative volume through thousands upon thousand of markets each year just to lose it for it a good time.

[Derek27]

Why would Betfair introduce a 40% premium charge for people who have a lifetime profit of over £250K if nobody has reached that level?

[ShaunWhite]

i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly.

Maybe you're just trading the markets, and in a style that just doesn't suit you. There's plenty of people who try to emulate someone else and fail until they find their own way to do it. If you don't like jumpy markets, and I don't blame you, then how about tennis or pre-ko football, or cricket, snooker, darts, baseball. And rather than trading manually how about automation, or semi-automated trading. How long have you been trying? It took me a couple of years before I became consistant and much of that was realising I wasn't cutout for one style and then working on another. And if that had failed I'd have tried a different way still. You only fail when you stop trying.

It's hard though, but if it wasn't then everyone would be doing it. But if you doubt that people can profit from the price of something bouncing up and down then look at the City, an empire built on price uncertainty.

[mcfc1981]

Having been pretty much here from the start of Betfair I can tell u it is more then possible to make a living, in saying that it is alot harder now then say 15 year ago.

No doubt there will be people out there that have made £10m+ from the exchange.

[jamesg46]

Why would Betfair introduce a 40% premium charge for people who have a lifetime profit of over £250K if nobody has reached that level?

I do feel for malgilb a little, learning to trade can drive people to despair at times and make us not only doubt ourselves but the whole process too.

I took the original question like malgilb needed some help and wanted to offer some open dialogue that maybe could of lead to multiple people leaving constructive advice but it seems that malgilb is at a point where the only thing that will put his/her mind at ease is somebody's lifetime p&l... unfortunately, most of us know that this question, on the spectrum of questions to ask isn't going to help solve anything or any issues even it was presented.

[Euler]

There are quite a few multi-millionaires on the forum, but they just don't talk about it.

Everybody's journey is different and showing somebody what I have made over 20 years, for example, doesn't really set the right tone for somebody starting out. It's an unrealistic goal. Even I didn't expect what I ended up with.

I expected to last about three years and then for my edge to get lost in the market. That never happened.

So I'll always recommend that people set out with realistic goals.

[Archery1969]

I'm afraid i am starting to get Sceptical about sports trading and what is being claimed by those that apparently make a success of it. I am not the cleverest person in the world but am far from the dumbest. I have viewed all the trading videos once , twice and sometimes many more. I have read the user guide until my eyes hurt and have purchased and downloaded "An Expert Guide". I have tried everything out many, many times. I'm not claiming that there is any dishonesty going on but i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly. I am not normally a sceptic and would like someone to prove without a doubt that trading on sports can be a way of making money.

Hi,

Not sure which markets your trying to trade. But the following real example should give you a starting point on what to look at. The Dog actually came 4th.

Cheers,

[Derek27]

I'm afraid i am starting to get Sceptical about sports trading and what is being claimed by those that apparently make a success of it. I am not the cleverest person in the world but am far from the dumbest. I have viewed all the trading videos once , twice and sometimes many more. I have read the user guide until my eyes hurt and have purchased and downloaded "An Expert Guide". I have tried everything out many, many times. I'm not claiming that there is any dishonesty going on but i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly. I am not normally a sceptic and would like someone to prove without a doubt that trading on sports can be a way of making money.

Hi,

Not sure which markets your trying to trade. But the following real example should give you a starting point on what to look at. The Dog actually came 4th.

Cheers,

Will that help or confuse him. Even I can't make any sense of that.

[rik]

Hi,

Not sure which markets your trying to trade. But the following real example should give you a starting point on what to look at. The Dog actually came 4th.

Cheers,

you are saying because a dog won 1 out of 3 races odds should be 3? what if there is another runner i. the race that won all of his races or has much faster times?

[Trader Pat]

Let us leave it there shall we? You all keep making money and I will keep trying. Don't want to fall out with anyone just want indisputable proof. If it does not come so be it.

Best advice I can give you is to record your trades.

Watch them back (especially your losses) and see if you can spot where you're going wrong. If you watch enough of them you should start to see a pattern and then be able to eliminate your bad habits one by one. If after a period of time you're still losing money then trading probably isn't for you. Most people start out by losing money, then after a while start to break even, unfortunately some people never get beyond that stage.

Last advice from me don't waste your money on 'expert guides'.

[Archery1969]

I'm afraid i am starting to get Sceptical about sports trading and what is being claimed by those that apparently make a success of it. I am not the cleverest person in the world but am far from the dumbest. I have viewed all the trading videos once , twice and sometimes many more. I have read the user guide until my eyes hurt and have purchased and downloaded "An Expert Guide". I have tried everything out many, many times. I'm not claiming that there is any dishonesty going on but i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly. I am not normally a sceptic and would like someone to prove without a doubt that trading on sports can be a way of making money.

Hi,

Not sure which markets your trying to trade. But the following real example should give you a starting point on what to look at. The Dog actually came 4th.

Cheers,

Will that help or confuse him. Even I can't make any sense of that.

That Dog has run 3 times since November at that distance and only won 1 time. So 1 / 3 = 0.33 * 100 = 33%. 100 / 33 = 3.0 roughly. My calculation may not be very scientific but there is no way the Betfair odds should have been 2.10 etc. So to me it was an obvious LTB trade or straight lay if gambling.

Hope that makes sense.

[malgilb]

Hi,

Not sure which markets your trying to trade. But the following real example should give you a starting point on what to look at. The Dog actually came 4th.

Cheers,

Will that help or confuse him. Even I can't make any sense of that.

That Dog has run 3 times since November at that distance and only won 1 time. So 1 / 3 = 0.33 * 100 = 33%. 100 / 33 = 3.0 roughly. My calculation may not be very scientific but there is no way the Betfair odds should have been 2.10 etc. So to me it was an obvious LTB trade or straight lay if gambling.

Hope that makes sense.