Hi everyone 👋🏻

[JonnyWally]

Hi all and thanks for having me here .

Was just hoping someone could help me out with a couple of queries and/or point me towards some further learning materials.

Firstly, I’m brand new to Betfair trading, in fact, I’m yet to place my first trade. I’ve been matched betting and dutching for a couple of months so know my way around the exchange (albeit on Smarkets mainly), and I know the basics around backing and laying. I’ve been watching lots of videos on BetAngel academy which have really peaked my interest into the trading game. Anyways I’ve decided that it looks fun and exciting and I really want to give it a go, so any general advice would be massively appreciated.

I have a couple more specific queries below:

1. Bankroll management - is there a generally accepted framework that you guys follow when it comes to managing your bankroll? For example, never stake more than x% of your bankroll on a single market or trade. I understand that this is likely personal preference but I was wondering if there is an agreed “safe” framework for us noobs to follow.

2. Market choice - here’s the issue... I’m 30 with a full time job, 2 kids, a mortgage etc.. time is hardly a resource I’m abundant in. I’d only really be able to sit down in front of the PC in the evenings and night time. Whilst I know that lots of things can be automated in trading I really feel I should get a grip on doing it manually first. Are there any markets I could be trading between 20:00-00:00 UK time? I know I may be able to jump on some late Football games and maybe some foreign sports?

One last thing - I’m considering buying the £39.99 course on BetAngel academy, can anyone recommend?

Thanks for your time

[decomez6]

Hi all and thanks for having me here .

Was just hoping someone could help me out with a couple of queries and/or point me towards some further learning materials.

Firstly, I’m brand new to Betfair trading, in fact, I’m yet to place my first trade. I’ve been watching lots of videos on BetAngel academy .

specific queries below:

1. Bankroll management -

2. Market choice - here’s the issue... I’m 30 with a full time job, 2 kids, a mortgage etc.. time is hardly a resource I’m abundant in. I’d only really be able to sit down in front of the PC in the evenings .

Matched betting (free money on slow- mo trade), so you are used to arbitrage. You finally found the courage to open the door! Congratulations and welcome! It’s been there all along .

>1.First get used to loosing ,” everyone has a plan until they get punched in the face”

>2. Work smarter not harder, try not to waste your time on doing things that have already been done for you. Pay to get them if you have to.( stand on the shoulders of giants)

>3. Find a family work balance .you need to be in the right frame of mind and grasp what is happening quick enough make split second decisions. Plan to have breaks that can stretch to months. , it will inevitably happen ,especially with young ones who will fight for your attention.You are literally inviting a stranger to live in your family. Your miss and kids must be acquainted to the new kid on the block.!!
( jealousy alarm bells ring! ring!).

>4. Watch this video and the ones that are linked in the description ... and yes Learn ORDER FLOW...
that will do for now.
I am still a student.
Hope that helps

https://youtube.com/watch?v=fJnHOK7cjb8&feature=share

[Anbell]

deleted

double post

[Anbell]

One last thing - I’m considering buying the £39.99 course on BetAngel academy, can anyone recommend?

Someone asked this the other day and the advice from Peter (the person selling this) said not to buy it right now because it is about to be revamped (IIRCC)

[decomez6]

deleted

double post

managed to peek your deleted message ......" dont pick up bad habits like going in play and martingale ..save it for later , its for experts"

[JonnyWally]

One last thing - I’m considering buying the £39.99 course on BetAngel academy, can anyone recommend?

Someone asked this the other day and the advice from Peter (the person selling this) said not to buy it right now because it is about to be revamped (IIRCC)

Thanks for the heads up. I’ll hold fire on the course for now then

[Anbell]

deleted

double post

managed to peek your deleted message ......" dont pick up bad habits like going in play and martingale ..save it for later , its for experts"

I think we speak a different language.

[gazuty]

Hi all and thanks for having me here .

Was just hoping someone could help me out with a couple of queries and/or point me towards some further learning materials.

Read viewtopic.php?f=17&t=23699

[decomez6]

deleted

double post

managed to peek your deleted message ......" dont pick up bad habits like going in play and martingale ..save it for later , its for experts"

I think we speak a different language.

red /black and the uncommom, common sense

[JonnyWally]

Matched betting (free money on slow- mo trade), so you are used to arbitrage. You finally found the courage to open the door! Congratulations and welcome! It’s been there all along .

>1.First get used to loosing ,” everyone has a plan until they get punched in the face”

>2. Work smarter not harder, try not to waste your time on doing things that have already been done for you. Pay to get them if you have to.( stand on the shoulders of giants)

>3. Find a family work balance .you need to be in the right frame of mind and grasp what is happening quick enough make split second decisions. Plan to have breaks that can stretch to months. , it will inevitably happen ,especially with young ones who will fight for your attention.You are literally inviting a stranger to live in your family. Your miss and kids must be acquainted to the new kid on the block.!!
( jealousy alarm bells ring! ring!).

>4. Watch this video and the ones that are linked in the description ... and yes Learn ORDER FLOW...
that will do for now.
I am still a student.
Hope that helps

https://youtube.com/watch?v=fJnHOK7cjb8&feature=share

Haha. Yep I found matched betting extremely dull and tedious. This on the other hand looks rather lively .

In response to your points:

1.I don’t mind loosing while learning (within reason of course) which is why I was asking about a ‘safe’ BR management framework for beginners. I’ll be starting with £2.5k and intend to stick to the lowest stakes while I find my feet.

2. Are you suggesting I should be looking to purchase a strategy off someone? If so it’s not something I’ll be doing early doors. I want to have a dabble myself first . Hoping doing so will speed up my learning.

3. Agree 100%. Initially atleast I’ll be treating this more like a ‘hobby’ than a potential income stream. I use the word ‘hobby’ cautiously as it sort of implies that I won’t be taking it seriously, which is not the case.

4. Thanks I’ll check out the videos and do some reading on Order flow.

So you’re fairly new yourself? How are you finding it?

[JonnyWally]

Hi all and thanks for having me here .

Was just hoping someone could help me out with a couple of queries and/or point me towards some further learning materials.

Read viewtopic.php?f=17&t=23699

Thanks, Gazuty. Will check it out

[decomez6]

Haha. Yep I found matched betting extremely dull and tedious. This on the other hand looks rather lively .

1.I don’t mind loosing while learningI’ll be starting with £2.5k

2. Are you suggesting I should be looking to purchase a strategy off someone
3. I’ll be treating this more like a ‘hobby’ than a potential income stream. I use the word ‘hobby’ cautiously as it sort of implies that I won’t be taking it seriously, which is not the case.

4. Thanks I’ll check out the videos and do some reading on Order flow.

So you’re fairly new yourself? How are you finding it?

A.k.a - Adrenaline junkie (AJ) , the markets is where i live , thanks for asking.

>1. its a zero sum game . swings and round abouts, goes around and comes around, back to the the same spot.
- keep your ears close to the ground and your 2.5k should be safe ( minus betfair commision)...so watch the videos. TIP .gazuty is a senior.

>2 . i will only suggest that if i want to be famous

>3. - right mindset : check
- right place : check
now go on and do your home work , and if you think you know , think about the thinking (metacognition)..thats you first edge right there !

TIP :2 want to see a celebrity watch the next episode down below

[Trader724]

>2 . i will only suggest that if i want to be famous

[decomez6]

>2 . i will only suggest that if i want to be famous

ta da ! like a swiss watch

[Trader724]

>2 . i will only suggest that if i want to be famous

ta da ! like a swiss watch

Looks like someone did their homework.