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Friday the 13th..14-11-2015 00:25 Friday 13th. Considered to be an especially unlucky day. But I will remember it as being my lucky day this time. My coffee was good and I got a good nights sleep. And now to my trading. Today I made one great trade and a few terrible trades.
The great trade I will remember this day for was when I backed Azerbaijan u21 to beat Germany u21. I backed Azerbaijan at odds 290. Which was just a way to big price in a youth game like this. I can accept Azerbaijan losing to Germany but I wouldn't be able to accept not backing them at these prices. Sometimes I sit and think, who even offers these prices and where do they find the value in laying these huge odds? Fair enough, Azerbaijan lost 3-1, but they managed to score the first goal, which was enough for me. The power of trading showed its true face once again.
An Azerbaijan goal as the first one netted me a profit f just around 4.000 Kr. And yes, I am from Scandinavia. Sweden actually, but using Danish Krone's to bet and trade because the currency is more stable than the Swedish. So everything you see from now on will be in DKK.
 Overall profit for today: 4980.87 DKK or 472£.
Happy trading. So much for Friday the 13th. Market talks.13-11-2015 17:39 Having Betfair as a full time job means that you will be a witness to some crazy stuff in sports. Odds 1000 winning, horses falling, odds 1.01 being beaten again and again and people losing millions. But one thing that keeps on happening that I personally find very interesting is when huge market support ends up being winning bets. To those of you that are new to betting and don't know what market support is, then look at the graphs below. Market support is simple. It means that a team, a player, horse or whatever else competes on the day, gets support. People bet huge amounts of money that that player, team and so on, will win. This leaves us with graphs looking like the ones above.  To the left is the graph of the Bolivia – Venezuela world cup qualification match that ended 4-2 to Bolivia. As you can see, the graph of Bolivia fell from around odds 2.25 to 1.80 pre-match and in-play. I watched the game. Bolivia was dominating from the first minute. Like if someone knew that this would happen. This screenshot was taken when the result was 3-1. Even though Venezuela got a goal more, the victory was never really in doubt and they got a comfortable win out of it. On the right graph is an u21 match between Czech Republic and Belgium. Czech Republic ended up winning 1-0. In this example Czech Republic didn't get much support before the match, but ended up getting huge support in-play and ended up being almost favorites before they scored the first and only goal in the match. In the Is greed good?11-11-2015 13:43 A daily reminder that more wants more. Let's say that your daily goal is 100£. Let's also say that you got lucky and reached that goal within the first hour of your betting, would you stop or would you continue working? I really don't think that anyone would stop in this situation, why stop here, when I have 7 more hours to work in, right? And who knows if I will be in profit tomorrow? I might as well keep on going today.
And you should. You really should. But with a new set of rules. Not everyone will agree with me on this one, but greed really is good, IF, and only if, it's used correctly.
Greed in my world is walking hand in hand with my ambitiousness. Always wanting more, and aiming for more has kept me going for all these years. Each time you accomplish something in life, people tell you to be satisfied, relax and enjoy but why? If your potential is so much bigger than what you have just accomplished, why stop there? Don't be stupid of course, still take calculated risks, but the point I am trying to make is, like Anthony Robbins once said: “Never be satisfied with less than you are able to accomplish.”
Let's take an example. Let's say your goal in life is to own 5 apartments that you want to rent out. Before you begin buying apartments, your goal will be based on some calculations you have made. How much you earn, how much you can save up each year, what an apartment costs and so on. You then set your time frame to be 15 years from now.
But something changes. You Discipline and blowing my bank.09-11-2015 19:15 This story is taken from the article: "Discipline"
Read the full article here.
I had spent the whole day trading to reach my daily goal. I was trading horse racing back then, and with only a few races left, i took a loss which cost me half of everything i had earned that day. I simply could not accept the fact that i had spent a whole day working, just to finish 50% from my daily goal. So with two races left, i decided to risk a large amount of my bankroll to win the lost money back. I remember having just around 4.000£ in my account when this happened. I layed an odds 20 horse for 20£. My daily goal at that point was just around 40£. And of course you have predicted the outcome of this story. The horse won! Giving me a huge loss of just around 380£! The next fact in this situation that i couldn't accept, was the fact that i had just blown 10 days of work, in 2 minutes. I think many of us have tried something similar at some point in either trading or betting, and if you haven't, read carefully and learn from my mistakes. To get some of it back, i now decided to lay an odds 100 horse for 300£ in a 5-horse race. I remember it like it was yesterday. 2 horses taking up all the market, and 3 newcomers at odds 100, 100 and 300. Don't ask me how and why i took such a stupid decision, but i did. I thought to myself, how many times does an odds 100 win? A newcomer? Right after an odds 20 just won? Cant happen right. My lack of discipline told me that About04-11-2015 18:48 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 dis <
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