The reality is that when trading on Betfair there are a few common mistakes people make when they have a bankroll that is smaller than they would like.
Here are the top 5 mistakes and more importantly the solutions to them!
Overly aggressive staking
I always want people to get better at trading, I think it’s the driven, sociable person in me, when I meet people I love to chat to them and get into what they are doing. When it comes to what I am doing I am trying to explain to them Weight Of Money and tennis trading, how I use stats to help me with my Football trading so I decided to write a blog post, nice and simple – 3 tips to improve your trading today, this will work for any sport!
1. Watch the markets
There are two schools of thought regarding volume of trades. One ideology is that you should find an edge and hammer every possible bet that you see, an approach known as ‘Scatter-gun’. The other is that you choose quality over quantity and only trade a couple of markets per day, waiting for absolutely outstanding trading opportunities, a ‘Very Selective’ way to trade.
It has been great to witness the rise of some of the best traders on our forum in the past few weeks, so much so that we want to start rewarding our best ‘posters’, is that a phrase? I’m not sure but I think you know what I mean. We want to have some kind of monthly MVP or trader of the month award. If you have any ideas for this or for prizes please let me or Ryan know.
Some people will read the title of this blog post and shudder, some will know it is a part of the game and have no problem with it.
This may make a few feel better about their £2 red!
From a personal standpoint I do not much like taking a loss but have learnt to find joy in when the market proves you right and you got out at the right time.
There has been a big demand for a blog post on Bankroll Management from our members so I have heeded to your wishes and will try and write a great document for you all.
I think for beginners and even some experienced traders ‘paper trading’ is one of the most underrated/underused tools in the trader’s armoury.
Two players who have been on a bit of form of late then, I am sure Kyrgios will be well up for this game, in his native OZ the crowd will be cheering on every point and I am not surprised his has a huge serve and there is a lot of potential in this young lad, he hits the ball well very flat, he is athletic enough to go the distance and come into the net and kill points off, when he gets in a groove he is very consistent.
