When I started trading on Betfair it looked so easy, so easy that I want big
returns straight away and I started making money and subsequently losing it nearly instantly through
greed, I have been through many boom and bust cycles with my betting bankroll. 0.24%
does not seem like an incredible amount and really it isn't, its quite achievable within
one or two scalp trades( a scalp trade is a lay bet followed quickly by
a back bet or vice versa) and finally a further lay bet to equalise the
profit over every horse so I win no matter Tn Requin what the result, all of this
is before the race starts and normally within the last ten minutes before it starts.Now
one thing to make you aware of is that I know nothing about horse racing,
I know the terms used - distance, form, going and handicap etc. At the moment
I am still in bankroll building mode and I am compounding the daily interest on
my bank to help it grow quicker.I set myself a target of 5% increase in
my betting bank per day and typically with twenty one races per day this breaks
down to a Nike Requin figure of just under 0.24% of my total bank. So I decided
that the only way I was ever going to crack it, was to breakdown the
amount I would like to make per month, per day and finally per race. but
don't know how there are used and the best bit is I don't need to,
because all we are looking for is a gap in the market and being able
to sport which direction the odds are moving- whether they are going out (drifting) or
coming in (steaming).This is a technique I use daily and I am slowly being able
to see a return for my efforts and soon hope to be able to withdraw
a portion of the daily profits and also allow my bankroll to increase daily, I
am forecasting my bank to grow to around ￡5000 by the end of 2011.Come and
follow me my sports trading journey on my blog - http://newsportsexchangetrader.blogspot.com/I am a betfair trader
and currently still in the beginner stages but would like you to follow me on
my journey, I am hoping to be a full time trader and also creating an
income for myself at the same time..
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