Stakes vs. Profits

[Caan Berry]

Helllo all, first time ive posted on here and the first time ive managed to find some real traders!! until now i didnt know how i've been doing i trade the horses and football in-play... the football i find have to be alot more selective but profit can be alot higher.... it seems alot of you are happy with a small turnover however its the learning thats important since feb ive made just over 200% profit, just come on here to share experience and info with others in the hope for some in return, mainly with trends and strategies for low risk for reasonable profit. i think the main thing to be taken from this thread is a couple of small points that havent really been emphasised... human emotion its imperative we dont alow it to cloud our judgement as this is where .... 99% trading mistakes come from i find.

Chuck

[Paolo]

Is that 10% a day? For me, a 10% increase in bank in a day would be a good day (they don't happen that often, though!)

I agree that you shouldn't put too much emphasis on what you want to achieve on a daily basis, especially if you're using min stakes. As I've said before, focus on what you're doing and get good at that and the results will follow. That said, you should record what you do.

As nigelbleddfa says, try not to lose, but be prepared to take losses. Trading to me feels a bit like walking a tightrope sometimes. There's a fine line between getting it right and wrong, you've just got to try and get on that rope and stay on!

I make everyday 4-5$ at the average. It's avarage for me. Sometimes 20$, sometimes 0$. I'm not good trader.

[ReToCs]

I think it's really easy to make at least 50% of your stake pre-race when using small stakes like 2 or 5. Just my advice would be to trade the highest priced horses... I often create free bets of 200+ on the outsiders using just 2e stakes... And if I can do it, you can too! It's worth to let those go inplay when it's just a small field and the outsiders has a high change of making a good run for a while.

just my 2 cents...

[Paolo]

I think it's really easy to make at least 50% of your stake pre-race when using small stakes like 2 or 5. Just my advice would be to trade the highest priced horses... I often create free bets of 200+ on the outsiders using just 2e stakes... And if I can do it, you can too! It's worth to let those go inplay when it's just a small field and the outsiders has a high change of making a good run for a while.

just my 2 cents...

How free bet? BF don't give me free bet. I had to have 30$ bonus, but they don't pay me it.

[Temujin]

It is a free bet at the end because you have 0 liability on the others, and profit on the traded horse. He simply means he doesn't hedge those particular profits, prefers to have the horse running around for him for the chance of a big win.

[ReToCs]

yes thats what I mean, i hedge the partly so i leave some room for a bigger profit. Just do it when the horse is overpriced in my opinion...

[Paolo]

It is a free bet at the end because you have 0 liability on the others, and profit on the traded horse. He simply means he doesn't hedge those particular profits, prefers to have the horse running around for him for the chance of a big win.

I don't understand. Where do you have 0 Liability? He uses free bet which Betfair gave him?

[Temujin]

I don't understand. Where do you have 0 Liability? He uses free bet which Betfair gave him?

No he backs a horse, and lays it with the same amount. He then has a zero liability across all runners except for the horse he traded, which is running for a profit for him. This is a free bet, because if the horse gets up, he wins money, if it doesn't, he doesn't lose anything.

It is a profitable trade that hasn't been hedged, therefore, simply a free bet.

It didn't start out as a free bet, but he that is what he turned it into. Not to be confused with free bets supplied by betting companies to entice customers and turnover.

[Paolo]

No he backs a horse, and lays it with the same amount. He then has a zero liability across all runners except for the horse he traded, which is running for a profit for him. This is a free bet, because if the horse gets up, he wins money, if it doesn't, he doesn't lose anything.

It is a profitable trade that hasn't been hedged, therefore, simply a free bet.

It didn't start out as a free bet, but he that is what he turned it into. Not to be confused with free bets supplied by betting companies to entice customers and turnover.

Do you mean hedge and profit for one horse? That is I bet 4$ on 6.0 and lay 4$ on 5.0 and have profit 4$. Am I right?
I made this for horses but I like more to have profit for all horses. I make kinda all green. Is this free bet? To predict one horse is impossible, better make profit for all. it's my opinion.