What’s more important to winning from betting the selection or the price obtained?
In my day to day work at the Betting School I get to talk to a lot of people who are trying to profit from their betting.
A common situation is one where two people have differeing opinions about the same system.
One will be losing a little or breaking even and another will be making good money and be happy with the system.
How can this be?
The answer is that it’s all about the price that you obtain.
If you concentrate on getting the best price possible on all your bets then you are almost guaranteed success.
I would go so far as to say that anybody skilled at getting good prices could pick their selections at random and still make a profit over the long term.
You will have heard it said many times that bookmakers dont go broke because they always have built in value and except for the odd exception where bad management gets in the way it’s true.
If you could always bet at 10% better than the Betfair SP you would be profitable!
How to do that is a bigger question, for now you can improve your betting no end by working on the prices that you take.
What’s your view on this? Are you able to obtain higher prices regulary, or do you struggle. Drop me a comment to let me know your experience…
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Darren Power is the Editor of the Betting School Insiders Report visit Betting-School.com for free samples and to register for the Betting School Free weekly newsletter
Written by on Nov 4th, 2009. Comment.
Welcome to the X-Trader Series a bi-monthly Betfair Trading column that hopefully will provide you an insight into the mind of full-time professional.
My name is Matt Finnigan and I have been successfully trading Betfair full-time since 2002, hopefully I can teach you the key ingredients, based on my experience, research and testing, that go into successfully making money from the betting exchanges
There are two core categories of ideas – Strategies and Tactics.
Strategies are in place to educate your mind about why things happen. Strategy helps you understand outcomes and helps predict future outcomes as a result of particular actions.
Tactics are steps you take – actions – to achieve outcomes. Most of your tactics are processes and techniques you implement through your trading development and will ultimately lead to you wither making a profit or not.
It’s my goal to provide you with a blueprint for successful trading in an easy-to-follow guide that will build up over time. Not for one minute do I think I have all the answers, I firmly believe that my knowledge is just scratching the surface of what can be achieved on Betfair
I hope this column will stimulate your thought process to develop your own trading technique. Unfortunately; there is no quick route to making money on the exchanges, trust me on that score, I’ve walked this path already
None of this is rocket science; it’s a simple guide explaining what I have done and learnt on my journey as a professional trader, laid out for you to follow.
I will start with the very basics of Betfair and if you have good understanding of using the exchange, then the chances I won’t be teaching you too much in the begining. The first part of series is what I class as ‘Pillar Advice’ timeless advice that if you’re new to trading today or years time, it will still be relevant.
It’s my goal with this Betfair Trading Series is to open the eyes and expand the mind of every would-be sports trader who has ever wanted to make money from trading. Prepare to be shocked, disappointed and, finally, energized with a new workable attitude that will lead you to trading profits.
Here’s to your trading success.
Matt Finnigan
Next: Wednesday 11th November – The Concept of Trading.
Written by on Nov 5th, 2009. Comment.

When identifying value bets and trades, there’s one thing I’m consistently reminded of — to find the most profitable betting opportunities, it very often pays to be looking beyond the obvious.

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