My Betfair trading progress

Just started trading horses on betfair with about 100€ and I post here my daily results and let's see how it goes.

14/06
+ 2.02 €

15/06
+ 26.04 €

TOTAL 129.39 €
29.39 % profit

Days trading: 2

 

Congratulations! Keep up the good work!

 

16/06
- 13.15 €

Total 116.24 €
Profit 16.24 €

 

I don't think people here is interest with your betting.

And if you are serious post the screen shot.

I hear that you already bankrupt http://forums.digitalpoint.com/showthread.php?t=1614036

 

Your reports are inaccurate ( balance on Day 3 00:00 should be 114.91, not 116.24 ) so why would one follow your fake journal ?

 

dude u gotta learn math, 129.39€ - 13.15€ = 116.24€

as I said on my first post I started about 100€, not sure if it was 101 or 102 or something

 

I'm not betting, im trading, its big difference and I dont care if anyone is interested 'cause I do this for me

 

17/06
+ 23.18 €

Total 139.42 €
Profit 39.42 €

 

€100 -> + €2.02 + €26.04 = €128.06 -> - €13.15 = €114.91 .. From where did you get €129.39 ?

 

check my first post it clearly says 'I started with ABOUT 100€', not exactly 100€

 

Cool idea, keep us updated. what's your end goal anyways? In horse racing is there a portion that goes to the house making the odds in their favor? Thanks

 

my goal is to trade 15% daily profit, thats my goal but ofcourse it doesnt happen everyday. Basically just trying to get profit every week.

I dont bet on horses so there's no matter if house takes portion. I trade on short term price movements on different horses. back high, lay low, its just like trading forex or accomodites. I'm trader not punter, difference between these is that when bet is going against you, punter loses whole stake but trader can minimize their loss, thats the beauty of it. u can search 'horse trading' from search engine, thats where I learned it

 

Ah good info. Stay sharp in your endeavors, if you are to make even 2-5% average per day and compound these gains you will be very rich indeed

 

18/06
- 8.72 €

19/06
+ 23.84 €

20/06
- 8.34 €


Total 146.20 €
Profit 46.20 €

 

Just curious - are you scalping or trades on long-term trends are there, too ?

 

you mean my fake journal?, lol. I'm scalping

 

21/06
+ 12.61 €

Total 158.81 €
Profit 58.81 €

today I got good start with 3 first trades over 15% profit but then decided to continue trading and got some bad trades but still overall profit for this day almost 10%

 

You woud do well to take advantage of "fun" gamblers who partake in things like the world cup once every 4 years backing the team they want to win, too stressful to make a living but a nice side hobby was my experiance

 

22/06
- 65.67 €

Total 93.14 €
Profit - 6.86 €

bad day today, lost 65.67 €, I had this 1 trade where I lost 81€ and it was stupid because it was going against me but I left it open in the hope that it would get matched in-play but it didnt and thats how I lost it, actually it wasnt trade as much as it was bet.
but after that I managed to make small profits and managed to lose only 65€ for today.

I dont know but from now on I think I'm going to withdraw any profit that goes over 100€ immediately so that I can enjoy profits, cause now I was on good profit and didnt get anything and it sucks, all that work for nottin, but I have my hopes high and I'll bounce back

 

Mm .. are you laying first ?