Betfair Trading Strategies – Slow and steady wins the race….
Different Betfair trading strategies are always going to produce different results.
Big returns for some, where as others give huge consistency. Rarely do you get both in one strategy so it seems.
One of the most important factors, that is always one of the most neglected in my opinion too is your own behaviour! It’s almost a strategy in itself.
The Most Important Thing?
Regardless of what Betfair trading strategies you employ, you won’t get all that far if you’re not on-top of your own interaction with the market! A comparison to this might be a professional player and their personal situation.
If you was trading tennis over Wimbledon you may have seen Nick Kyrgious playing Richard Gasquet. Quite clearly he wasn’t on top of his game mentally, and so some rather irrational behaviour occurred. It was well covered in the media with accusations of him ‘tanking’. Regardless of his ability, he wasn’t on top of his own feelings.
This is exactly what I mean, but applied to your own trading.
Its hard to notice it and then criticise yourself over it when you haven’t got all the paper’s reporting on you as he may have had. But its something that everyone should be aware of, regardless of how effective your own personal Betfair trading strategies are.
A lot of people come into trading on Betfair from a gambling perspective, which can makes things harder in my view.
I mean all the bookies and sporting media do is make superstars of Joe Bloggs who got lucky on a 500/1 accumulator. Real success in betting comes from the complete opposite direction…. much like a ‘tortoise wins the race’ kind of angle.
To give any of your Betfair trading strategies a real chance, it’s best to slow riiigght down! and prepare for the longer term grind, don’s stop, keep going!
This week I’ve added a couple of clips to YouTube, evening racing is one of my favourite parts of the year. It’s a little frustrating as it overlaps into beer-garden-time, but personally its the most consistent market type for my Betfair trading strategies.
The markets behave differently, which can require a bit more patience too. But in general it always ‘feels’ like they trend that bit more, with less erratic pushing about of price action.
Some of the markets are less liquid, so it’s always best to make sure you check for delays. But on the whole, they are my favourite markets to trade. I’ll take small wins of twenty quid race after race over a big win followed by a big loss any-day!
But like I say, different Betfair trading strategies suit different individuals better. Not everyone has the patience to sit and let a trend develop, with money in the market it can become a little more scary… the only way to get around that fear, in my experience, is through practice.
Betfair Trading Strategies: Smooth Moving Races Clip 1
Here are the couple of clips I mentioned. They were released earlier this week, being quite patient and waiting is a bit of a dark art. In fact I’d say that’s even harder to master than actually finding reasons for a move in price in the markets.
As many have said before me, its possible to be correct and lose money. While being wrong and making money is quite possible too… but that’s half the fun.
Betfair Trading Strategies: Smooth Moving Races Clip 2
Related Article: Betfair Trading Strategies For Horse Racing
Additional YouTube content can be found here.