Education

Hi everyone, given that our membership has trebled from 100 to over 300 people this year so far, I wanted to write a blog post to help what are assumedly a lot of newbie traders. (Originally wrote this in January but only just publishing it!).

So, I thought I would write about one of my favourite and most profitable trading strategies, laying at low odds. The reason I want to talk about this is that it is fairly easy to implement and carries such little risk that even if it goes wrong you will not lose much money.

Greed can be defined as ‘Intense or selfish desire for something, wealth, food or power.’ So greed is an emotion? Correct, trading is an emotional game; well actually trading is an emotional war with oneself. So you need to be able to detach yourself from your emotions when trading otherwise the dreaded greed will get you and you shall be on a fast ticket to blowing that bank.

Let’s talk about a syndrome that has swept across football betting and many other sports; it is called the ‘attack bias’. The ‘attack bias’ is where as humans we naturally favour attacking teams in sports and therefore our ‘bias’ towards that team blinds us and we think they should beat defensive teams (even when both sides are equal in talent).