In the UK at least, football betting for a living is the would-be dream for many…
And while many will claim to do well, only a handful do. One of which, is the legendary football trader – “Psychoff”.
In an extremely rare interview-style article, Psychoff, a friend of mine has answered some of the most commonly asked questions. But before he does, I’d just like to say; over the years I’ve met some extremely successful, high-staking traders and punters alike. Psychoff is amongst the most interesting 3 for sure.
Professional Football Betting For a Living:
All successful activities are built on a solid foundation, and so we asked:
As a professional football bettor; what is your daily routine like? Do you work many hours?
My daily routine has changed completely since coming to the UK 10 months ago. Before, I was working as a psychiatrist for 3-4 hours a day in my office. In the evenings, I was trading football. I had a couple of hobbies like playing drums, cycling and meeting with friends. After coming to UK, the only thing that didn’t change is betting on football.
I spend 5-6 hours on a weekday and 10-12 hours a day at the weekend. Meanwhile, I am trying to create a social life and some additional hobbies. I like my routine a lot, generally speaking I am bound to them. I genuinely believe that this is one of the important reasons of my success when it comes to betting on football for a living.
A taster of Psychoff’s football betting HQ:
Most Intense Betting Moment
There’s no point avoiding it, everyone always asks this kind of question:
If you can remember, what was your most intense trading moment?
Difficult question to answer! Over the years I have had some very large losses, and wins. I can’t say any particular moment, but the Bundesliga II match where I won at odds of 1000.0 was really quite unforgettable (unfortunately I only staked 4 euros).
Generally speaking, I can’t remember most of the moments I won or lost big amounts of money. I think this is a helpful trait though. Forgetting the results over a short period helps me not to be affected by them mentally.
Having a football betting system you believe in is important. Without that, you cannot look at large wins and losses with clarity of mind. You will just become too emotional.
Football Betting Systems Future:
Existing followers of Psychoff on twitter may have noticed…
You have started to automate your work on the football. Scalpy, would you like to tell us a little about why? and how it is working out?
Football scalping is a particular passion of mine. And so I have started to build an automated football betting system. It has been my dream of mine for years, for many reasons.
First of all, a bot can trade in countless matches at the same time where I can do it in 2 or 3 at a time. Additionally, a bot doesn’t have feelings which causes it to make silly mistakes (the weakest part to any football betting system). Plus, it can react faster than a human’s eye. Finally, I am expecting the future of trading to have more bots. I am getting older and someone (or something) should be in charge after me.
Scalpys results after initial testing:
While the football betting system didn’t perform so well this month, it wasn’t too bad when you consider commission and it was betting in 692 markets.
Football Betting Tips & Wisdom:
Everyone want’s the fast-track to succeeding, so we tried out luck…
Without giving away your edge, if you could give your younger self a couple of football betting tips when embarking on your journey, what would they be?
Haha! Everybody always wants football betting tips, here are my top 4 points:
- Always close your position even if it is red. If you’re betting system says you should be opening or closing a position just do it. The urge will be to chase away a losing position or exit a winning one, these are not good for the profit.
- Create your routines. Always use the same pattern, be patient (i.e. if you are betting at unders and overs markets) keep trading there. Don’t change your style so often unless you are sure that it is not working anymore). You need to know what is working for you and why it is working in your football betting system to do this.
- Be careful after a big loss or even a big win. These are the traders most vulnerable periods. When trading football for a living there is not a margin for error in this.
- Winning money is difficult where losing it is so easy. So; don’t lose your money! You can change the overall result of a day, week or month just by doing this. It is a wise thing to do.
If there’s anyone worth listening to, it’s Psychoff, here’s a screen-grab (taken from a video) from a charity challenge a while back.
3 Months: Total profit €202,257.41
The Killer Question…
One that all of the audience can relate too; particularly if you’ve ever taken your approach to betting seriously…
When friends or family ask about your work, what do you tell them?
I’ve been trading since 2005 so this is my 13th year.
All of my family and friends know what I’m doing very well and behave accordingly. For example at weekend, my wife doesn’t invite friends without asking me beforehand. Similarly, she doesn’t book a holiday when the world cup is playing. She knows now when my key times are, she respects my betting on football for a living as though it were a job.
However, in my first years, it was really difficult to explain what I was doing. I remember lots of conflict and arguments within the family because of this reason. But now, they all know what I’m doing and they are showing respect. A large part of that probably comes from the success that I have established.
Catching Up: London Beers!
Just a final note to say thanks for Psychoff’s input, I know he’s busy chap. Not so long ago we met up for a few beers in town, an interesting character with a lot to give. After discussing various thoughts about the football betting markets it was an eye-opener. Quite amusingly, Psychoff had already trodden the route in various areas I suspected to be of interest… most of which he assured me are no longer of use.
I’ll be keeping an eye on the progress of scalpy!