I don't see backing, laying and trading as 'all trades'. I see them as different facets of the same entity - betting.Ferru123 wrote:Better to be specialist than a jack of all trades and master of none IMHO. Getting profitable at one thing will take long enough, and I'd make that my initial aim if I were you. Otherwise, you risk being all over the place and getting nowhere.
Good luck on your journey to profitability though. Don't expect it to be quick or easy, but hopefully you'll enjoy it and get there.
JeffTonto wrote:My feeling is that having a grasp of backing, laying and trading would maximise my available options and, hopefully, my profit.
I've seen people 'try' backing - and fail. They then 'try' laying because they somehow think that it's easier. They fail at that too. Finally, they give trading 'a go' because they think that it's easy. Of course, they fail as traders too.
I'm not one of those people. I look for races where the odds of a horse are obviously wrong and either back or lay, as appropriate. Unfortunately, such races are few and far between. My plan is to do my homework and develop my trading skills. That way, if a race doesn't contain a decent back or lay, I may be able to trade it.