Trading Q and A Megathread Ask Us Anything!

Leo Mantle

Im just looking at joining bet365 and they are offering £100 in bet credit if you deposit £100. Should i join? and what is the best way to take advantage of this?

? Offline

@martin-futter thank you Martin that's really helpful.

Martin

@gary-brown I actually have a strategy I love for these, specifically when an underdog goes 0-2 up away from home. https://betfairtradingcommunity.com/en/trading-strategies/lay-underdog

To answer your questions:

You want the inplay stats to suggest the home team is getting back into it, so write down the current stats then give it 10-15mins, see if home team has had more attacks is having shots on goal or has forced a few corners.
If you want to lay at 0-1 I use a small stake (you don't need a big liability here), then if it goes 2-0 I top up (for very little liability as odds will likely be heavy odds on). Then put a small back on the home team who was favourite originally. Frode does this so follow his staking examples in the football thread. So you could end up with 50% of your liability on the 0-1 lay, 25% on the 0-2 lay and 25% on your back of the home team.
The earlier the better, if you can get in with lots of time left in the match you have more chance of a comeback. Half-time is a good time to get in as you can assess the trade more clearly as the game has stopped.

? Offline

. I am looking at a trade where the under dog takes the lead and so I want to try and get some things to look at to decide what type of trade to do.

At the moment their are a few options on how to trade these.
You could back the favourite (depends how long is left in the game i guess)
Lay the under dog (depends on odds i guess and time left in the game)
back the draw (maybe late in the match they take the lead)
Back overs. (under dog may go 2 ahead)

Would you guys be able to provide something to steer people into selecting the best trade.

For example what to look for inplay stats,
Whats the best trade to do with regards the odds to look for
or what time the under dog takes the lead in the match.

Martin

@leo-mantle good call

Leo Mantle

@martin-futter Ye ive just changed to the basic plan. No brainer imo.
Probably a good way of getting people hooked on the spin games too.

Martin

@leo-mantle it's by far the best option if you trade a lot, the other 'incentives' are a clever way to try to get people to enjoy paying more comms over time!

Leo Mantle

@martin-futter certainly is.

Martin

@leo-mantle yes great isn't it!

Leo Mantle

Just looking at the betfair rewards. Am i right in thinking that if you choose the basic reward plan you only pay 2% commission?

Richard Latimer

@martin-futter said in Trading Q and A Megathread Ask Us Anything!:

@richard-latimer maybe try to trade less games

You are right though. All of a sudden I'm trying to do way too much and completely overloading my plate. Missing loads today because of other non performing rubbish.

Richard Latimer

@martin-futter said in Trading Q and A Megathread Ask Us Anything!:

@richard-latimer maybe try to trade less games

The crazy thing, it was the only game I was trading at the time haha!

Martin

@richard-latimer maybe try to trade less games

Richard Latimer

@martin-futter said in Trading Q and A Megathread Ask Us Anything!:

@richard-latimer in the trade example you give you can either hold your position or take the red, was it a small red? Treat the trade the same way as if you doubled down, otherwise you are now trading through emotion rather than your set strategy. Of course if you were looking at a big red you may as well hold your position. I wouldn't let it upset you too much, in the grand scheme of things one error is not the end of the world in a year you will make hundreds of trades.

No, it was a very small red and the loss wasn't massive but it's a pattern. As much as I try and cut out mistakes it doesn't seem possible all the the time as there's always something going on and my mind glosses over things when there's too much on the table.

I know I should have taken the small red and moved on. For one, I know how volatile away games are.

Martin

@richard-latimer in the trade example you give you can either hold your position or take the red, was it a small red? Treat the trade the same way as if you doubled down, otherwise you are now trading through emotion rather than your set strategy. Of course if you were looking at a big red you may as well hold your position. I wouldn't let it upset you too much, in the grand scheme of things one error is not the end of the world in a year you will make hundreds of trades.

Richard Latimer

@richard-latimer said in Trading Q and A Megathread Ask Us Anything!:

Laying Wolfsburg 0-1 up. Also layed Opava earlier still 1-0 up but missed a pen.

Rather Mlada missed a pen to equalise.

Richard Latimer

Laying Wolfsburg 0-1 up. Also layed Opava earlier still 1-0 up but missed a pen.

Richard Latimer

@dave-jessop said in Trading Q and A Megathread Ask Us Anything!:

@richard-latimer I sometimes miss entry and more importantly exit points because I'm multi-tasking

This is what I need to hear haha! Multi tasking with dog and this morning flu jab. As it is my green position this morning is decidedly red.

Richard Latimer

@richard-latimer said in Trading Q and A Megathread Ask Us Anything!:

This is a question in mistakes, otherwise known as brain farts and do the pros still make them? How do you keep your discipline if you simply forget to implement a strategy midway through a trade and then it's too late? So many times I'll compound an error by beating myself up. I guess if if I knew this was an unavoidable part and parcel of day to day trading I would far easier chalk it up, take whatever lost it entails and move on rather than leave the next bit to lady luck.

@Martin-Futter, @Ryan-Carruthers, @Everyone ???

To elaborate I laid a game today it went 2-0 and I would normally look to double down. I forgot. They got a goal back and I was staring at red rather than small green. It completely put me off and I left it. They lost 5-1.

Richard Latimer

This is a question in mistakes, otherwise known as brain farts and do the pros still make them? How do you keep your discipline if you simply forget to implement a strategy midway through a trade and then it's too late? So many times I'll compound an error by beating myself up. I guess if if I knew this was an unavoidable part and parcel of day to day trading I would far easier chalk it up, take whatever lost it entails and move on rather than leave the next bit to lady luck.

@Martin-Futter, @Ryan-Carruthers, @Everyone ???