|
|
|
|
|
|
|
|
My journey on Betfair started in 2006. I remember watching a video on YouTube on how to trade on Betfair, and I got hooked immediately. The video showed a simple trade made, and explained how to do it. That was the first time I saw a trade in action and the first time I heard about that you could actually trade sports odds, pretty much the same way as you trade stocks.
I was hooked!
I remember getting up after watching the video and buying a small notebook HP laptop with a small screen. Opening a Betfair account on it and paying for 24 hours license to BetAngel, (trading software) just to find out that the small screen was absolutely impossible to trade on. My eagerness to begin trading led to my first mistake already. Before I had the time to go and buy a bit bigger screen to plug into the small HP laptop I just bought, my 24 hour license to BetAngel was slowly running out, and I didn't get much trading time for my purchase that day.
They day after I started trading with real money. Back then you couldn't trade with demo currency through BetAngel, so you had to take the shots with your own money. Being a complete newbie to trading, I started trading small stakes. But being a complete newbie also meant that I ad no idea what I was doing. Sure there were graphs to look at, and sure there were a lot of trades being made, but how could I predict the price movement here, and more importantly, how could I profit from this? I had no idea. After the first few losing trades, the discipline took a hit and my tilting started kicking in. As we all know, when you first start to lose your money, you start feeling like: “that was in my pocket a minute ago, now I have to get it back”. And as we all know, that rarely lead to any good decision-making. The outcome of this story is that I lost my first deposit on Betfair pretty quick. A lack of discipline and a lack of knowledge led to my first failure on Betfair.
So with little hope left already after a days trading, what do you do next? You deposit again and begin trading again, just to find yourself making the same mistakes all over again and emptying your account.
The beginning of my journey on the sports exchanges was rough. But not rougher than any other beginning to anything that is new to us. No one was born into knowing how to trade from day one. I convinced myself that if only I spent enough time and effort into developing a stronger psychological side of me, and if I spent enough hours with the right discipline and patience on Betfair, that I would crack the code sooner or later. The expert in anything was once a beginner, right?
Sure, I spend a lot of time and money on buying the golden egg systems to betting from various websites, just to find myself ending up in the same hopeless place again. After buying a few so called, get-rich-quick systems, I realized that I was being fooled, and anyone who has ever bought enough of these systems, must have asked himself at some point: “If this was really a bulletproof way of printing money, why is it being sold for 10$?”
This question lead to the conclusion, that anything being sold on the Internet as a system, get-rich-quick scheme or anything similar to that, was complete (insert the preferred word).
So the only way forward for me, was by reading a lot of books on how to improve my discipline, and in general the psychological aspect of what happens to us when we feel mad, lose money, are tired and so on, and trying to get in control of my emotions. As I started reading more, I learned, that the only way to learn a new skill and eventually master it, was through repetition. So I decided that the only way I could ever compete with the top traders on Betfair, was to gain more experience than they already have. For me the only way to this was to work more hours a day for a longer period of time, and hopefully I could catch up with them in a few months, maybe years.
When this decision was made, my first real step into becoming a Betfair trader, had begun.
I was working long hours with no sleep and no income from Betfair for many months. I had many days in a row where I worked 10-14 hours, went to bed, just to wake up the day after and start it all over again. At this point everything was self paid. I wasn't winning anything on Betfair. At my best weeks, I was breaking even. Not a great salary for the amount of time I put into it. But I was convinced, that at some point, my brain would begin to pick up patterns of what was going on in the markets. And I would start to recognize how the market behaved. And after a few months of tough work, I was right. I started recognizing market behavior. I started noticing how other people were trading in the market, and I was picking up patterns. But I still had to learn how to turn all this knowledge into my favor. And after 8 months time, I had my first positive month on Betfair. More precisely, I had made just around 90$ a day on average for a whole month. Since then, It started to kick off and the hard work had payed of. I can now give you the conclusion, that there is no easy way of doing it, and if anyone is looking for a so called system. Some moves that you can play over and over again in the market to get the same result, then forget about it. There is no such thing as a system. Every trade is different, yet there are many of them that are similar. So stop looking for a the golden egg. It is not there.
Things kicked of, and now, almost 10 years later, I have finally hit the maximum premium charge on Betfair. 60% commission on everything that I earn on Betfair. So what do you do from here? Is it time to call it the day and look for something else to do or should you continue working 7 days a week and pay 60% in commission on everything that you earn? Definitely the first.
I used to to work 7 days a week for many years, but now it has come to an end. It isn't paying of for me anymore to continue working like that, so why not spend the time on blogging about how amazing the world of sports is and how you can use it as an investment if done correctly? For me, this is exactly what I want to do at this point in my life. I have so many stories to tell and I have so many more coming up. From great trades, to terrible trades keeping me up all night. From football games ending 8-8 to games being canceled around the world because of tornadoes and lightings hitting the field. I am looking forward to sharing all the stories and all the tips I can come up with.
I will be giving tips on my blog, almost daily from Monday to Friday. Since I am only trading the big games now and 2 full days on Saturday-sunday, I will keep my focus on blogging and reaching out to people during the first five days of the week.
I will be blogging about any stories I feel should be shared. I will be making articles on how you could use sport for investment, how to trade and what to look for in the markets. How to build up betting strategies, what value is and how to use it in your betting. You will find all the information needed to become a sports trader/better. Feel free to contact me with any inquiries.
The tips I will be giving out will be based on market behavior and my analysis of the particular game. We will be following the money all the way until there is no more value in the odds. Based on where the money flows, I will be giving my analysis on the games. Sometimes the market knows much more than we know.
|
|
|
|
|
|
|
|
|
|
