There is no such things as trading soccer: it's just betting

[mugsgame]

Jeff, know know I am more than willing to give my time and knowledge freely. In fact I spend more time doing that than I do actually trading. It's something no one forces me to do and I enjoy it.

The pre match trading is not an edge. It is not rocket science or difficult. You don't need any special software or special skills. It is purely having a clear understanding of what is going on and what influences a move in the market.

In fact I would go so far to say that this is true of pretty much everything I do.

Out of respect to PW - The other subject will not get a comment from me on here. -Sure you understand

Jeff - Listen mate - I'm the grumpy one on this forum. I have worked hard over the years to be this grumpy. Since you started this new job of yours, you are trying to muscle in on my Master of Grumpiness status. Know this: I won't be giving up Top Grumpy Dog lightly!

[Iron]

No danger there!

BTW, is that you in this picture?

Jeff

Know this: I won't be giving up Top Grumpy Dog lightly!

[ray131262]

Totally disagree. IS this written by someone who can't 'trade football?" I guess so.

I apply a lot of research to markets, teams, news, and prices tht=at could affect the price and then take a pre-match position to proven strategies. The price moves and I trade out, mostly for profit. In play, I scalp markets where the price is decaying within the last 15 minutes. So I dont sit and think "ummm who will win here? let me bung fifty quid on them". I risk £505 per trade and scapl down as the market drops. Buying and selling. Not betting, sorry you are misinformed there.

[Consty1]

It must be fairly difficult to scalp with an 8 second in play delay though?

[Online Trader]

It must be fairly difficult to scalp with an 8 second in play delay though?

Spot on mate and scalping current scores in play is as has already been mentioned by Jeff "Gambling" or more akin to Russian Roulette

[freddy]

Trading is gambling whether you like it or not imo ,

but i have had many a lengthy discussion with people who try to convince me otherwise .

But back to the op, as others have said that opinion is totally incorrect, there are some big moves pre match, when team news etc is announced,
and even if not, knowing a market is not going to move much is not always a bad thing is it ? .

[ray131262]

Gambling is put on a bet walk away hope for the best.

Trading is 'intelligent gambling'.

City Traders are in effective 'intellectual gamblers' some they win, some they lose.

[Iron]

Ray

If you have a long-term edge, you're not gambling, and if you have an long-term edge you'll make money long-term.

If you don't, the market will make money from you long-term...

Jeff

[mugsgame]

Ray

If you have a long-term edge, you're not gambling, and if you have an long-term edge you'll make money long-term.

If you don't, the market will make money from you long-term...

Jeff

the quote "Master" is in da house

[Iron]

Very kind Mugs.

I wouldn't call myself a master of anything, but unless you're JK Rowling, the type of skill you possess is far more lucrative than that possessed by a wordsmith.

Jeff

the quote "Master" is in da house

[freddy]

Gambling is put on a bet walk away hope for the best.

Trading is 'intelligent gambling'.

City Traders are in effective 'intellectual gamblers' some they win, some they lose.

But Gambling can be Intelligent and
Trading can be unintelligent, there are tons of mug traders about .

It's the person who's is behind it that decides,
not the activity that they take part in.

[ray131262]

Fair point.

[tweebie1999]

Scalping the last 15 minutes of a soccer game with £500. What happens when the other side breaks out of defense, totally against the run of play and scores? Do you have time to trade out before they score? Probably not. You will lose a major part of your £500. That is what I mean by gambling. You can't set a stop loss for that.

[Consty1]

For me trading in play is about profiling a match, having a potential value opinion on a particular market, and then devising a strategy that allows you to manage risk without cutting in to your long term profits. The last part I find very difficult, letting a position run seems more EV+ over the long term in the majority of situations imo.

But I can accept that there's points during a match where the price on a market can move quicker than usual or hold position, allowing it to be exploited.

[freddy]

Scalping the last 15 minutes of a soccer game with £500. What happens when the other side breaks out of defense, totally against the run of play and scores? Do you have time to trade out before they score? Probably not. You will lose a major part of your £500. That is what I mean by gambling. You can't set a stop loss for that.

But in reality there is no real difference imo,
All Trading strategies have a different risk / reward ratio and all can be profitable if you have an edge.

Just because you can lose you whole stake with some strategies doesn't mean it's any more risky,
it just all needs to be allowed for.

How is having a 100-00 stop loss different to risking a 100-00 stake, your still lose the same amount when it goes wrong. It's what happens when it goes right that makes the difference .