New Member- Michael from Glasgow
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Hey folks, I’ve been subscribed to the BTC newsletter for a while and I figured I'd finally take the plunge and sign up. Like many of you I come from a matched betting background and have been looking at getting into trading for a more reliable source of income. I’ve been watching trading videos and researching for a few months now and I want to start trading more seriously. A lot of my football ‘trades’ have felt a lot more like in-play betting rather than trading, so I need to work on finding a more well-defined strategy. I’m also interested in horse racing, I’ve messed around a bit with pre-off trading with Bet Angel at small stakes, but as a beginner it’s hard to predict how the market will shift. So I’m also looking forward to diving in to the horse racing stats as it looks like you’ve already got some good strategies there.
I understand that learning how to trade will take time and won’t be easy, but I’m willing to put in the effort and hopefully with help from this community I can become a profitable trader.
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@michael-stevenson Nail on the head matey, with the unders laying, you have so much more control on the stakes and returns.
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@ryan That's a great help, thanks! In terms of football markets I think over/under 2.5 goals is the most appealing one for me, it's really popular and it's easy to understand how the odds will shift once a goal goes in. But I see there's plenty of discussion about over/under 1.5 goals in the football trading thread too, so I'll have a look at that. I did have a question about these markets- it seems that traders prefer to lay unders instead of backing overs. Is there any particular reason for this? My guess is that people like to work with a fixed lay stake and they'll have a range of odds that they find acceptable in terms of liability, rather than having a fixed liability with a range of returns like you would with backing. Could either of these work depending on your trading style or is there a reason why laying is better?
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@michael-stevenson Great questions....
Anything particular to read...
I would say get comfortable with how the market you want to use works, you will be able to ask Qs in here - around the markets. Also it would be worth just checking who the best players in terms of goals an assists are for the teams - you don't need to know them all but its good to get a feel of who's who.
It will also impress your mates down the pub.
Stats becoming relevant...
I usually wait for 5-10 matches to make sure the stats are working the right way. Although I do reduced stakes on my strategies after the opening weekend.
Only if the team are sticking true to who they are, so Liverpool / City won't change much - Chelsea, United might then there are unknowns - Notts F, Fulham.
I hope this helps
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Thanks for the warm welcome everyone! Since the football is quiet at the moment I've decided to focus on one strategy for horse racing and one strategy for tennis and I'll see where that gets me. It'll just be simple ones like back the favourite from the horse racing software and laying the first set winner for tennis. I had a couple of questions related to the football for when it starts up again. Is there anything in particular I should read up on and research to get ready for the busy part of the football season? And at what part of the season do the stats of the current season become relevant for the trading decisions that you'll make? I realise at the start of a new season things are a bit more volatile as there's some uncertainty as to how exactly teams are going to perform, so I was wondering when that sort of thing settles and the stats become more significant.
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@michael-stevenson Welcome to the group, I have spent a lot of time in Glasgow! Great city!
How can we best get you started around here?
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@michael-stevenson well done on taking the next step!
Great to have you here.
Sounds like you have a great attitude to it all too, if you need any help let me know.
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Hi Michael, I just joined last week and I'm in Glasgow too