Newbie needs your help

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megarain
Posts: 2133
Joined: Thu May 16, 2013 1:26 pm
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It maybe a language thing, but, just be a little careful.

Typically, in test Ckt, there are 3 outcomes in the. match mkt.

Home win

Away win

Draw .. Which would normally be about 3.0, but could be 2.0 or less, if weather threatens to affect play.

U want I lay the 3.0 etc.

There will be another Seperate mkt, for a Tie .. Which should be, about 750/1 , which u can lay, but, it requires a big bank. (True odds of a tie in Test Ckt, should be about 3000/1)

I cannot stress enough, u need to specialise, and become comfortable with each mkt u bet on. If u bet on any random mkt, u are gambling, and for a long term profit, that has to be avoided.

I know v little about football betting .. Bigger syndicates, have that modelled.
Amateur
Posts: 7
Joined: Sat Sep 27, 2014 10:57 pm

Well, the sport I know best is football and I'm planning to get familiar with horse racing. These are the 2 markets that I would like to trade on.
My journey is just about to begin. It will be tough road but once I master it, you'll all have a beer from me. That's a promise! ;)
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LeTiss
Posts: 5485
Joined: Fri May 08, 2009 6:04 pm

£5 from £50 bank is more than possible once you know what you're doing. Most successful traders would consider 10% returns as a fairly straightforward achievement

My advice though is to concentrate on the markets, and simply try to eradicate mistakes

One of the biggest mistakes newbie traders make, or traders with a gambling instinct is to concentrate too heavily on what they can win, and not concentrate enough on whether they are making a sensible trade

Once you can read markets, that £5 will seem like a piece of cake, but whilst you're still learning you may be tempted to make rash decisions purely to try and achieve a 10% return.........in my experience, that attitude will eventually wipe your bank and destroy your confidence
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