*****New Football Thread*****
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@Kiah-Lord I see Martin has replied, I will also just add that with the split stake it requires some games to have been played not sure whether it was 5 or 10 games (as I haven't used it in a long time!) so that might also be why the games aren't showing up.
When it comes to getting set up and started I would advise you work through these steps: https://forum.betfairtradingcommunity.com/category/10/new-members-start-here
Start with Step 1 and work through it, they'll really help. It also then allows us to step in and help you if you tell us 'I am currently on step 2 and I am struggling with XYZ'
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These 2 play later tonight, between them they've played 13 games scoring 12 FT goals, the software shows 65% of half time being 0-0 or 1-0 and also shows a 75% chance of there being under 1.5 goals at HT, a £10 dutch on these 2 half time scores gives £5.94 profit.
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Nice to see football coming back on to the TV.
Both the European Championships and the Copa America.
I'll probably not trade the Copa America much, purely because of the kick-off times.
I'll be all over the SHG's in the Euros though!
I'll be laying England to win the tournament at 4.9
le jeu avant tout
Am Yisrael Chai
When you got skin in the game, you stay in the game
But you don’t get a win unless you play in the game... -
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Hi all.
Sorry if this is the wrong thread to add this to.
I’m fairly new to trading and I’ve been using BTC for about a week and I’m liking it so far. I’ve been watching all the videos etc over the past week. I like the look of Ryan’s split stake strategy but I’m not having much luck on getting selections each day. I know this is probably down to the fact that the bigger leagues aren’t on at the moment. So my question is there something I could add in so that the strategy alines with the current games on? Or is there any other strategies you guys like to use around this time of the season which would give me a few more selections? I can’t lie I’m feeling a little overwhelmed as I know there’s so many strategies out there so any advice/recommendations would be amazing. TIA in advance 
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Week 3: £121 - £133.10 (09th June 2024)
Week 3 has just ended and my bank should be at £133.10.
The bank is actually at £189.30
Most of the money has been won on the Toulon tournament.
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I just want to highlight one thing about pension if going full-time trading and you have to compensate.
In Sweden the minimum guaranteed pension as a citizen no matter how much or how little you have worked is around £800 and the maximum if you have not been working your whole life is around @1100.So my point is if starting up with this journey look into that and then decide how to proceed with investment.
Cheers
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@Adam Yep!
The pension pot has always worried me as well because there's so much money in pensions that if governments need a quick injection into the economy etc... they can let you get at some now tax free, where a mass of people will release some funds...
Or change the allowances.
I used to put some of my trading income into my ISA of course now I am not withdrawing any and even if I did I would have taken out a huge £5 this last month from my automated trading.
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@Shannon-Townsend if only mate. Pitty about the FHG but can' win em all I uppose
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@Ben-Dobie enjoyed a nice green on O1.5 here, fitted my stratagy perfectly as value at kick off so waited 15 mins for slightly bigger odds, wish they were all as easy as this one.
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@Ryan said in *****New Football Thread*****:
the issue with pension money is if you personally put it in then thats money you've been taxed on going into a vehicle that you get taxed on again - yes I know you can get a lump out tax free and then also get a top up from employer or government on entry but Stocks and Shares ISAs are all tax free which is something I try to utilise to the fullest.
I feel like this needs to be highlighted a thousand times!
I think of pensions as being taxed on the way out (as you pay tax on the income you draw from it down the road), whereas ISAs are normally taxed on the way in, because you would normally pay income tax on the money you earn before contributing to the ISA.
Sports trading income is not taxed (except by Betfair themselves if you're making enough
), so if that's the money you're using to contribute to the ISA, you get to grow a pot of money fully tax-free end to end! -
@Ryan said in *****New Football Thread*****:
@Patrik-Mellqvist I wouldn't want to touch a loan at 2% a month! Scary that!
My plan....
I put away a portion of my income for saving and another portion for investments every month. I had one pot in my bank which I focused on filling first which had the goal of if I couldn't work for a year I would be able to cover the bills of the house.
I also made sure I have healthcare cover and also insurances to cover me.
Then I have my investments in a stocks and shares ISA as well as a pension, I can get hold of the money in my isa within a few days if I need to.
I'd take 2% on my mortgage!
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@Akiva-Anderson said in *****New Football Thread*****:
@Richard-Latimer said in *****New Football Thread*****:
@Akiva-Anderson I was trying to work this out for a friend the other day as we always talk about my head being in the clouds
Do you not pay betfair premium charge yet? Surely this impacts?
No, nowhere near it yet. Used to be you had to make £250k. I used Betfair well before I started trading, when I was a gambler! Probably lost about £50k over the years. So I have to make £300k before I pay the premium charge. Unless it’s changed?
The premium charge will either decrease or disappear in the future. However, for this to happen, Betfair needs a competitor.
@Akiva-Anderson don't know why but I thought the threshold was less than that so good to know.
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@Greg-Mitchell said in *****New Football Thread*****:
@Akiva-Anderson This is very interesting and I have been trying to set myself something similar and get more disciplined, couple of questions if you don't mind.
To make 10% per day from a starting bank of £100, what stakes/liability have you started off with and do you intend on sticking with the same stake %?
Do you intend on stopping for the day once you have hit. the 10%?
If you have a few losing days on the trot, and you are behind your target do you try and recover that or stick to the 10% of whatever your balance is?
It's not 10% a day, it is 10% per week. If I'm watching the game I'll use 10%, if not, I'll use 5%. The most losses I've had in 3 in a row. I still use 10% of my starting bank. It isn't unusual to go on a 15 trade winning streak. I was on 21 trade winning streak that unfortunately ended this week. I haven't needed to top up my bankroll for a long time
As for stopping when I reach my target. Not really. If it's a daily target then I might, especially if I'm trading in the Brazil league. No point wiping out all days profit in a game I'm not interested in. If I hit my weekly target early then I just keep going (hence the reason I'm three weeks in front).
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@Patrik-Mellqvist I wouldn't want to touch a loan at 2% a month! Scary that!
My plan....
I put away a portion of my income for saving and another portion for investments every month. I had one pot in my bank which I focused on filling first which had the goal of if I couldn't work for a year I would be able to cover the bills of the house.
I also made sure I have healthcare cover and also insurances to cover me.
Then I have my investments in a stocks and shares ISA as well as a pension, I can get hold of the money in my isa within a few days if I need to.
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@Chris-King 100%!!! There's so many different things that are fees etc... which are all just taxes in reality.
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@mick-mcmahon Interesting, what did you take from this?
