Tag: losses
Profits and (losses)
Last week I got a few comments about P&L’s I’d posted up; this is quite common.
I was asked more than once, what stake did you use to achieve that? But there are so many ways to answer that question. You could have a hundred different answers depending on how you trade. If you don’t understand this answer, have a deep think about it.
A debate also broke out on the forum about posting winners and losers. My view on …
The £16m football accumlator
After a busy week I’ve been catching up on email and reading through some reports and stuff. I’m a little late but spotted this and thought I’d share it.
“Online Sportsbook has continued to show strong wagering growth, up 48% in the first two weeks of 2014. However, football results in week 2 were highly unfavourable with an unusually high number of odds-on favourites winning. Driven by the impact of this on our otherwise very attractive accumulator business, we recorded …
Betfair’s LMAX loses £13.2m in first year
Betfair’s majority owned financial trading product LMAX recorded pre-tax losses of £13.2m for the year ended 30 April, Betfair’s annual report has shown. Full story: –
https://www.egrmagazine.com/news/
I think LMAX is going to continue to be a burden for Betfair. There are already very good solutions in place in this market and despite the suggestion it’s a new way, most new users have found that the markets are heavily seeded and the fill rates poor. It’s got a long way …
Cock ups, blunders & mishaps
You are either perfect or a liar and nobody is perfect.
Coming to terms with errors is the key to success in anything. If you stop or get put off by losses, errors or mishaps, you will never see the upside. Upside is always there, but a lot of people never ‘see’ it. Couple losses, cock ups, blunders & mishaps with a bit of psychology and it prevents you from getting to the good bits. It took some time, but …
Those nightmare moments!
Every now and again you get these odd nightmare moments that you don’t wish on anybody. Last weekend my main connection froze for a short period, but it wasn’t a problem as I always have a back up running. On this occasion though , the lock up occured right at the point just before the off and I was caught cold. By the time I had turned to my back up connection , only seconds later, I’d dropped £120 or …
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