Is it worth starting?

The sport of kings.
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Dallas
Posts: 23474
Joined: Sun Aug 09, 2015 10:57 pm

Fugazi wrote:
Thu Jul 04, 2024 7:38 am
johnsheppard wrote:
Wed Jul 03, 2024 10:06 pm
imo it boils down to if you enjoy it. Don't think you're gonna get rich doing this. Ironically, the peeps that seem to make the money are those that don't do it for money.

'Worth starting'. Is that a purely financial question? Break it down into two parts I guess...

The market for anything over time trends to an equilibrium, right? The time for high risk and big profits is always at the start.

The other thing to consider is that people DO enjoy trading. Therefore people are willing to do it for less money.

The reason accountants get paid well is not because it's hard, its because its boring as bat shit, so less people want to do it.

Also rainman enjoys trading...
I don't think any of us started this purely just for fun
I did :)
Emmson
Posts: 3576
Joined: Mon Feb 29, 2016 6:47 pm

There has never been a worse time to start.

The Pie has Shrunk and is Shrinking and the number of recreational punters has dwindled and will dwindle.
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Kai
Posts: 7051
Joined: Tue Jan 20, 2015 12:21 pm

Dallas wrote:
Sat Jul 06, 2024 2:05 pm
Fugazi wrote:
Thu Jul 04, 2024 7:38 am
johnsheppard wrote:
Wed Jul 03, 2024 10:06 pm
imo it boils down to if you enjoy it. Don't think you're gonna get rich doing this. Ironically, the peeps that seem to make the money are those that don't do it for money.

'Worth starting'. Is that a purely financial question? Break it down into two parts I guess...

The market for anything over time trends to an equilibrium, right? The time for high risk and big profits is always at the start.

The other thing to consider is that people DO enjoy trading. Therefore people are willing to do it for less money.

The reason accountants get paid well is not because it's hard, its because its boring as bat shit, so less people want to do it.

Also rainman enjoys trading...
I don't think any of us started this purely just for fun
I did :)
Money alone is such an empty motivator, surely :)

Who doesn't like a game of ladder tetris! Matching your bets in the correct order to win :D
markzily
Posts: 14
Joined: Thu Jul 04, 2024 1:48 pm

It's a valid concern to consider the current regulations and affordability checks before diving into Betfair horse trading. It's understandable to weigh the potential dedication of time and effort against the uncertainty of account closures due to these checks. Perhaps researching the specific requirements and limitations imposed by Betfair and other platforms could provide more clarity before making a decision. Best of luck with your decision-making process!
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