Tag: sports trading
Starting out as a sports trader – Scaling up
I was back on my small account on Monday. I was recording a few videos at low stakes (I posted one last week) and also giving instruction to my daughter; she is progressing nicely.
I’m also teaching a new recruit to the team. It’s interesting to watch and learn from newbies and how they look at the market. I feel like It’s a microcosm of the entire market. I ‘feel’ this in the market every day, but experiencing first hand …
Discounted opinion in sports trading
Here is a little-discussed aspect of trading, discounted opinion. First let’s explore what it is?
Discounted opinion pre off
When a market is formed everybody has had a prod a what the odds should be. In some markets, this is obvious; in others less so. But generally, a convergence appears. Unless there is any significant change, that’s the way the market stays until the event starts.
Discounted opinion in-play
When the market gets underway, an opinion forms and the odds …
My trading journey
February can be a bit quiet and with a lack of high profile events in some key markets can be a bit depressing. So how about some inspiration for you?
I grew up in the middle of nowhere into a family of not much. I didn’t arrive in the world with massively high expectations lets say. I left school with not much of a leg up into the world, as my favourite subject was playing sport, so I couldn’t hang …
My Betfair birthday
I celebrated my ‘Betfair Birthday’ this week, I am now a Betfair teenager! It’s been just over thirteen years since I opened my account and started betting.
What better way to ‘celebrate’ than to look back at the moment I took the big jump? If you would have told me that thirteen years ago what I do now, I just wouldn’t have believed it remotely possible. Therefore, I suggest you always use the word impossible with the greatness of caution.…
My Sports trading journey – Part four
Links to Part one, Part two & part three
The leap into the unknown
So I was in my early 30’s, had a desire to work for myself, but was in a well-paid job and travelling all over the place; which I quite enjoyed. Some things had always niggled me though.
If you work for somebody else, you feel you never truly control your own destiny. As you rise to more senior roles, you realise you are pretty much …
Is inability to trade a genetic trait?
When you look at any market that follows a random walk, upside and downside is created in equal proportion. So it’s impossible, if you participate at random, to lose money, apart from the cost of transacting in that market.
On the stock market it’s even more favourable as the underlying investment is net accretive, so it should be even less possible to lose money. But still people lose!
Having studied the markets for so long I now have a very …
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