Classic Matches, Software and Psychology: An Introduction from David Lauder

I am delighted to be joining the LayTheOdds site as the author in charge of the Betfair Trading section.

In this first article I thought I would briefly introduce myself and tell you what you can expect from this online column over the coming months.

We are developing an online trading community here at LaytheOdds, and I will not only be generating new ideas but developing and enhancing the work of my colleagues.

And there have been excellent starts already, with insights by Kevin into some interesting football trading software called BOSS “Betting on Soccer Strategy” and an intriguing horse racing “Laying 7 furlongs” by Mark Layton. Mark: I cannot wait to try it out!

It seems the advantage of these systems is that you simply turn up, follow the rules and then pocket the dosh!

But if you are constantly striving to improve your own performance, as all aspiring professional (or even amateur) traders should, then I am sure you will have considered trading software and been tempted by other adverts suggesting that you will get rich very quickly if you just part with £100 or similar. It all sounds very tempting and I am sure that there a few that have been tempted only to be a disappointed by the results. After all, what is £100 compared with unimaginable riches?

Well, the answer is quite a lot if the unimaginable riches turn into a negative on your balance sheet!

So I will be providing you with reviews that will save you the trouble. You will be able to judge the good from the bad and I will strip out the hype to get down to what really matters. Which of the bots, software and other systems are likely to yield you a real and consistent profit?

And as is clear from the reviews by my colleagues, there are systems that actually work.  But it is hard to distinguish the good from the bad, so my review articles will help you make your own judgements.

My own contribution will allow you to gain insights into how to develop a winning strategy on football in-play as well as looking at the psychology of trading. I will be writing a series of articles on how we actually achieve profits from in-play trades, using examples from actually traded matches on my own inplay chat room at ExchangeTraders.    Here you will gain insigts into what is needed to achieve regular and consistent profits.

But I will go much further. As a rather novel feature, I am going to ask what can we learn from matches that occurred before the days of inplay trading. By looking at classic football matches from the past, we will see how they might have been traded, what would we have done with unexpected outcomes and how would we have responded to challenges as march fortunes shifted in-play. If you love football, like me, you will love these articles.

Finally, I will tell you a little bit about how I developed my own skills, from random punter to regular profit maker.  I assure you will learn a lot about the psychology of trading.  I have been trading now for around 12 years and  you will learn how to avoid making the the mistakes I made in the early days!

This is just a flavour of what you can expect by following my trading column. So please check back regularly!  It’s all about helping you to achieve that ‘edge’ to your trading.

I hope that you will not only find the artcles help your profitable for your trading but fun to read.  See you soon!