10 years of training Betfair traders from amateur level to pro level has taught me a lot about what makes a winning trader. I’ve spotted a few different things that tend to separate the winners from the losers!
What makes a good trading strategy on Betfair?
Well, there are a few things to consider.
1. Does it make profit?
Probably the most obvious criteria for a successful strategy is whether or not it makes money!
In this guide I will teach you how to cash out from a trade at the perfect moment!
Cahing out for those that don't know is simply the process of closing your Betfair trade and taking a profit or a loss.
There are multiple ways to do this but today we are going to discuss the three main options.
What is Betfair trading?
Is Betfair Trading Profitable? How Does It Work and is it Worth the Risk?
One of the great privileges I have as someone who looks after a community of Betfair traders is that I get to see sports trading from all angles.
People of all ages (above 18!), shapes and sizes. From trading careers that are just starting out to professional traders that have mastered the Betfair exchange.
If you have been around Betfair trading on the Betfair exchange or even if you have just been a punter at a bookies, you will probably have heard someone talk about how their 'gut feeling' was the reason behind a trade or bet.
For those who are not aware, the definition of a 'gut feeling' is a feeling that someone has that seems to predict what will happen, not based on any actual logic.
One of the questions that I get asked as Professional Betfair Trader all the time is - What does the term 'points' mean when referring to people's trading results?
Betfair Exchange Traders will often say things like 'I made two points profit today' or 'I'm staking three points on this'.
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?
