Psychoff Bank Management Example Discussion

[Kai]

That's why I've put a screenshot where it clearly says -£900. But the minor details are not exactly the problem, it's everything else

[JustLukeYou]

That's why I've put a screenshot where it clearly says -£900. But the minor details are not exactly the problem, it's everything else

The thing is Kai, I backing that there will be less than 6 goals. I can't Lay for 1.06 and make a great profit if I think the game will end 1-1.

[Derek27]

I got a thank you from you for something at least.

Albeit, a sarcastic one.

[Derek27]

My main concern with these markets is liquidity. Even I was able to trade for £100 a day how can I tell the liquidity is available in these markets?

At the moment I am doing anything very useful other than practicing. Let's say I traded at £10 and made £2 it is still not useful or making any positive impact.

You bet pennies and you're concerned about liquidity.

If you scale up gradually you get a feel for liquidity in markets, with experience, but bet pennies and think about how many £100s you can get on and you'll be lost.

[Derek27]

I can't think of any situation where i'd ever consider backing at <1.50 in any football or tennis market.

Would you not consider backing the guy who's not serving at below 1.5, knowing that his price won't change much if his opponent holds serve?

[JustLukeYou]

My main concern with these markets is liquidity. Even I was able to trade for £100 a day how can I tell the liquidity is available in these markets?

At the moment I am doing anything very useful other than practicing. Let's say I traded at £10 and made £2 it is still not useful or making any positive impact.

You bet pennies and you're concerned about liquidity.

If you scale up gradually you get a feel for liquidity in markets, with experience, but bet pennies and think about how many £100s you can get on and you'll be lost.

Derek, I am not concerned about liquidity with pennies. I am talking about if I was trading larger sums of money. Into the £100's.

[Derek27]

That's why I've put a screenshot where it clearly says -£900. But the minor details are not exactly the problem, it's everything else

The thing is Kai, I backing that there will be less than 6 goals. I can't Lay for 1.06 and make a great profit if I think the game will end 1-1.

What's the attraction of backing under 5.5 if you think there will be two goals? Why not lay over 2.5?

[Derek27]

My main concern with these markets is liquidity. Even I was able to trade for £100 a day how can I tell the liquidity is available in these markets?

At the moment I am doing anything very useful other than practicing. Let's say I traded at £10 and made £2 it is still not useful or making any positive impact.

You bet pennies and you're concerned about liquidity.

If you scale up gradually you get a feel for liquidity in markets, with experience, but bet pennies and think about how many £100s you can get on and you'll be lost.

Derek, I am not concerned about liquidity with pennies. I am talking about if I was trading larger sums of money. Into the £100's.

Stop thinking about trading large sums of money. Just think about how you're going to get to that position when you haven't even fully understood backing and laying!

[JustLukeYou]

You bet pennies and you're concerned about liquidity.

If you scale up gradually you get a feel for liquidity in markets, with experience, but bet pennies and think about how many £100s you can get on and you'll be lost.

Derek, I am not concerned about liquidity with pennies. I am talking about if I was trading larger sums of money. Into the £100's.

Stop thinking about trading large sums of money. Just think about how you're going to get to that position when you haven't even fully understood backing and laying!

Hi,

I am trading out of my backs if they are not going to plan. As for lays they offer very little benefit to backing.

[Derek27]

Did you not understand what Kai, Shaun and everybody else has said? Laying under x.5 is exactly the same as backing over x.5 and vice versa. It's the price you chose to get on that's important. Even beginners know you need to lay low and back high, but you've got it the wrong way round.

[Jukebox]

I am trading out of my backs if they are not going to plan. As for lays they offer very little benefit to backing.

How do you manage to "trade out" your backs without laying?

[JustLukeYou]

Did you not understand what Kai, Shaun and everybody else has said? Laying under x.5 is exactly the same as backing over x.5 and vice versa. It's the price you chose to get on that's important. Even beginners know you need to lay low and back high, but you've got it the wrong way round.

But isn't there only a small benefit to laying? It still requires a large stake. For example, it make require £900 to lay instead of £1000 to back.

[Derek27]

Did you not understand what Kai, Shaun and everybody else has said? Laying under x.5 is exactly the same as backing over x.5 and vice versa. It's the price you chose to get on that's important. Even beginners know you need to lay low and back high, but you've got it the wrong way round.

But isn't there only a small benefit to laying? It still requires a large stake. For example, it make require £900 to lay instead of £1000 to back.

If you lay a team at 1.1 for £100, how much money do you think you need to allow that transaction?

[JustLukeYou]

Did you not understand what Kai, Shaun and everybody else has said? Laying under x.5 is exactly the same as backing over x.5 and vice versa. It's the price you chose to get on that's important. Even beginners know you need to lay low and back high, but you've got it the wrong way round.

But isn't there only a small benefit to laying? It still requires a large stake. For example, it make require £900 to lay instead of £1000 to back.

If you lay a team at 1.1 for £100, how much money do you think you need to allow that transaction?

£10 but that doesn't help. I backing that there will be less than 6 girls. Not more than 6 girls so I fail to see how this helps.

[Derek27]

Why do you need 6 girls - one's enough for me.

Can you not see that backing at 1.1 is exactly the same as laying the other side at 11.0?

I don't understand why you have an issue with laying when it's exactly the same thing. Laying at high odds or backing at short odds is not only highly risky but there's not much to gain. You can't make more than 10% at 1.1 even if you let the bet run, if you trade out you make even less, with the scope for the market to go badly against you if a girl is scored.