Betfair Exchange Football Trading - Slow and steady wins the race!
- Boom or bust trading - big profits some days but big losses on others
- Slow and steady trading - small wins that gradually build up limiting the impact of variance
For me it is not a difficult choice to make, slow and steady football trading all the way! This is not to say that the other style cannot be profitable but my little heart cannot take wild swings and mentally I much prefer a more relaxed style of football trading.
OK, so if you want to join me as this type of trader what are the first steps to take? First of all as I have mentioned above you want to limit the impact of variance, variance is essentially the 'luck factor' of sports trading. Sometimes you will have good variance, sometimes it will be bad. Of course you can use your skill factor to determine the profits in the long term (which is why so many of us on BTC make a steady profit from football trading) but in a one off trade you could always be the victim of a bad piece of luck. For example, I remember a match in Croatia where I layed the draw at half-time (one of my favourite football trading strategies) and three yes THREE penalties were missed in the second half. I made a great decision to trade that game but was unfortunate on that occasion! Luckily this is rare but still it can be painful when it happens. The important thing is not to rely heavily on one game when trading but look at the long term bigger picture. Hence why I prefer the slow and steady strategies.