betfair trading

Bankroll management is imperative if you want to become a profitable trader on the Betfair Exchange. Whether you are a football trader, horse racing trader or trade something else, one thing that decide your trading fate is how well you handle your money. 

One question we get asked all the time is - What size should my bankroll be?  

It has been another week of Convid 19 dominating the sports trading landscape, so let's not dwell too much on the virus. Those of you who read my thoughts regularly will know I am a huge advocate of turning your obstacles into opportunities and this is the perfect time to do that!

It makes sense for me to talk about Convid 19 this week as this is the height (I hope!) of the epidemic. I won't bore you with any detail about the virus as it relates to the news, you are probably sick to death of the updates.

Cornonavirus & Betfair Trading

How often do you feel down in the dumps when you lose a trade or have a bad run during a Betfair trading session? Do you feel like giving it up completely because it is so soul destroying?

As you will know if you have been a member of BTC we are big advocates of self-development and evaluation. We think it is an integral part of training to be a Professional Trader on Betfair and something that does not get enough focus elsewhere on the internet. 

Self-development is an ongoing process and every trader on Betfair should be doing so regardless of their level of trading. We are of course academics of the Betfair Trading Academy! 

How do goals effect the flow of a match? How do they impact our future trading on that event?

After an FA Cup weekend I’m always reminded of the importance of researching your selections further before you enter a trade.

Have you ever traded with your emotions rather than your head?

I think at some stage in our trading we have all been there, take our recent new member Keith for example.

Keith joined up with BTC very recently, he fell foul to all of the things that want to be better traders have fallen foul of at some stage he was chasing losses, trying desperately to find value where he knew there was none. Unsure of what to do and where to turn he joined BTC and believes he has finally found the right place.

At BTC we have noticed the effect of substitutes on a game, read why it happens and how to handle it when football trading!