Why do traders not make courses/teach it?

[alexmr2]

Going by the number of PC paying accounts there are thousands of profitable traders but only a handful of people "teaching" it, so how come there aren't many Betfair trading courses? Obviously there are a few that we have all heard of (most questionable, some unlikely to be profitable themselves and none that I know of revealing the whole story).

Before anyone mentions that an edge shared is a profit halved, it would still be possible to teach the foundations without eroding your edge, would it not? I have heard rumours of lucrative algorithm or modelling strategies but in general most manual trading comes from your own experience and skills built up over many years, agree?

Is it because it would somewhat give the competition an advantange? Because encouraging more players to the smart game means there is less profit to go round (although most will never make it)? Because we want to keep under the radar? Because it takes a lot of effort and a variety of skills to set up and manage a course? Because most will never make it there would be too many angry customers?

[Derek27]

For the simple reason that not every profitable trader wants to teach or has teaching skills.

When you became a competent driver did you have any desire to become a driving instructor?

[spreadbetting]

Maybe that old saying "Those that can, do, those that can't, teach" is true

[weemac]

Given that my main edge is keeping my mouth firmly shut, it would then be a bit of a contradiction to start teaching it.

Oops, I've done it again.

[Kai]

Is it because it would somewhat give the competition an advantange? Because encouraging more players to the smart game means there is less profit to go round (although most will never make it)? Because we want to keep under the radar? Because it takes a lot of effort and a variety of skills to set up and manage a course? Because most will never make it there would be too many angry customers?

A combination of all of the above? Including a lot of other reasons that I wouldn't feel comfortable discussing. Plus there's some truth in the above comments as well

For me it feels like the opposite, like there's too many courses. Nearly all of the good traders that I know are selling something, one way or another, but most of them are coming from Portugal so they are not known to the English-speaking trading communities besides people like Rebelo. They've had dozens of courses that I ran into over the years on most sports and I have to admit that overall the quality is much higher than their English counterparts, of which there maybe aren't too many.

Speaking of English trading communities there's basically only this one with its 25k registered members but really not too many active ones. In comparison the Portuguese equivalent of this forum would probably be Academia das Apostas with their 191k members, which is being ran by Rebelo and co. That's quite a difference in numbers. Whenever over the past 5 years I did at least my basic research on another trader and their work there's barely anyone from UK that I could find, while in Portugal there seems to be an endless stream of traders and I had to prioritize, so the numbers check out, even on racing alone (although they much more prefer the inplay markets). A part of the issue is that the Portuguese guys can benefit and learn something from the English since most speak the language, but the English can't really learn anything from the Portuguese because of the language barrier. What I also found interesting is the big average age difference between the two groups.

I really wish it was the other way around though.

Also, bear in mind that if a large chunk of this forum is mostly botting (which is arguably the main selling point of the Bet Angel software) then it doesn't really make sense to sell automation since any idiot can almost copy paste the good stuff and use it.

[LinusP]

Going by the number of PC paying accounts there are thousands of profitable traders but only a handful of people "teaching" it, so how come there aren't many Betfair trading courses?

Who told you this?

[Naffman]

Wayne Morgan is the goat of football ebooks and the lord h@rgraves is the king of horse racing, no one can live up to their high standards so most daren't attempt it.

[jamesg46]

Wayne Morgan is the goat of football ebooks and the lord h@rgraves is the king of horse racing, no one can live up to their high standards so most daren't attempt it.

Didnt Wayne Morgan just copy Peter's work? Never made it as a trader after attending a course so just wrote a book about what he learned? I'm sure I've seen it mentioned somewhere & this is likely one of the reasons courses aren't available from the people who really could advance people on most levels.

Secondly, time & also maybe people have a defence minded approach, especially traders who use automation... it's their hard work & they dont want the edge to erode... when it comes to manually trading order flow, the whole methodology is being taught, it's on BetAngel T.V, YouTube & all anyone needs is the experience of the markets to match it up.

[arbitrage16]

Speaking of English trading communities there's basically only this one with its 25k registered members but really not too many active ones.

At that scale, perhaps, but I know of at least two more much smaller that are active communities. There is the suggestion in your post Kai that scale is better for a trading community - why is that?

[arbitrage16]

Didnt Wayne Morgan just copy Peter's work? Never made it as a trader after attending a course so just wrote a book about what he learned? I'm sure I've seen it mentioned somewhere & this is likely one of the reasons courses aren't available from the people who really could advance people on most levels.

I've seen that suggested by Euler, but if that's the case then having read the book it doesn't say much for the strategies being offered on the course. Incredibly basic stuff.

[jamesg46]

Didnt Wayne Morgan just copy Peter's work? Never made it as a trader after attending a course so just wrote a book about what he learned? I'm sure I've seen it mentioned somewhere & this is likely one of the reasons courses aren't available from the people who really could advance people on most levels.

I've seen that suggested by Euler, but if that's the case then having read the book it doesn't say much for the strategies being offered on the course. Incredibly basic stuff.

If he never made it as a trader I'd imagine he didnt learn a great deal, was that his lack of intelligence or Peter being a bad teacher? If you look at Paulo & Pyschoff, I'd imagine its probably Wayne's lack of understanding, also maybe basic is the best approach, people tend to search for some fancy algo all their life & completely overlook what's right in front of them whilst never making a penny.

[JTEDL]

Wayne Morgan just copied some of the Goal Profits stuff, with a bit from Ads and Bingo thrown in too...

[jamesg46]

Wayne Morgan just copied some of the Goal Profits stuff, with a bit from Ads and Bingo thrown in too...

Bit like most of these "teachers" online, they took their pick axe to the trading sculpture, chipped off a piece and then relentlessly sold it as kryptonite.

[spreadbetting]

Surely, as we're continually told trading is 90% psychology, you'd be better off going on a pyschology course to start off.

[jamesg46]

Surely, as we're continually told trading is 90% psychology, you'd be better off going on a pyschology course to start off.

Psychology is a never ending place, how far can you travel backwards through your own mind, let alone the minds of others... I think people would be better off taking the pieces they need and run it parallel with experience in the markets.