Insurance Bets, Seriously

[weemac]

Did you watch lots of videos and ask lots of questions on forums before starting your business, Luke?

Just wondering.

[JustLukeYou]

Did you watch lots of videos and ask lots of questions on forums before starting your business, Luke?

Just wondering.

I watched around 200 YouTube videos and askes tonnes of questions on Facebook groups. Without doing that I wouldn't have made a penny.

[weemac]

Sounds reasonable.

[Derek27]

Did you watch lots of videos and ask lots of questions on forums before starting your business, Luke?

Just wondering.

I watched around 200 YouTube videos and askes tonnes of questions on Facebook groups. Without doing that I wouldn't have made a penny.

Did you get lots of helpful replies and advice on facebook?

[JustLukeYou]

Yes. But I certainly look for gambling information on Facebook.

[Euler]

Yes. But I certainly look for gambling information on Facebook.

It's odd you know. People here are trying to put you on the right path. But, like many others before you, you stubbornly head down a path of your own volition falling for every trick in the book by people that want to sell you something.

I know you are new to this game, so not disrespect intended there, but I'm just fascinated how this happens. I've never fallen for this sort of stuff in whatever I've done, but the rush to profit seems to invoke a kamikaze attitude to risk. I just find it fastinating.

[JustLukeYou]

Yes. But I certainly look for gambling information on Facebook.

It's odd you know. People here are trying to put you on the right path. But, like many others before you, you stubbornly head down a path of your own volition falling for every trick in the book by people that want to sell you something.

I know you are new to this game, so not disrespect intended there, but I'm just fascinated how this happens. I've never fallen for this sort of stuff in whatever I've done, but the rush to profit seems to invoke a kamikaze attitude to risk. I just find it fastinating.

Sorry, I meant to say I certainly WOULDN'T look for betting information on Facebook.

Euler,

Can you please advise why people say "no one starts off profitable" yet I am really pleased how things are going.

[Euler]

What's your EV so far?

[Kai]

Because trading in general is considered to be one of the hardest things to learn, only up to max 5% of people end up being profitable long term. To be profitable you need an edge over the markets, and nobody has that edge at the start, they need to work hard to find and develop it.

[JustLukeYou]

No idea tbh

I am in profit and I have cut out some areas like placing insurance belts which seems to be helping. Currently I am trading Penarol match and I can trade out for a small profit. That is what I did yesterday, traded out far to early when I actually picked the correct result before the match started. Either team to win 2-1.

[Euler]

M'lud I rest my case.

[JustLukeYou]

M'lud I rest my case.

To make money from football trading everyone needs to know what EV means?

[Euler]

You are just gambling, there is no trading element to anything you are doing.

You don't have to take any advice from anybody on this forum, but it represents billions traded through these markets very successfully.

You are no closer to grasping key concepts and it's so far apart I don't think anybody is going to try anymore. There is just too big a gap here.

Maybe just do your own thing for six months or so and then return to try and understand what is being said. Good luck.

[Kai]

I think Luke genuinely thinks that he knows better based on his so called profit so far after 19 bets, I think that's the source of all the arrogance and the delusions, and the reason why he is currently unable to absorb any new information. He genuinely thinks that he's cracked it already Needs a good humbling by the market, no other cure for this illness imho.

[JustLukeYou]

You are just gambling, there is no trading element to anything you are doing.

You don't have to take any advice from anybody on this forum, but it represents billions traded through these markets very successfully.

You are no closer to grasping key concepts and it's so far apart I don't think anybody is going to try anymore. There is just too big a gap here.

Maybe just do your own thing for six months or so and then return to try and understand what is being said. Good luck.

Doesn't Psychoff make is his money by trading live football matches. What is the approach he is taking that I am not taking. I am looking for value and backing it if I can see it in the match and the research. I have watched Paulo Rebelo's videos where is watching and analysing the match. What does he do differently?