A few tips for successful trading
Be awake and alert: The worst games of trading for me in Cricket have all been when I’ve woken up in the middle of the night to trade without allowing myself to wake up. Allow yourself some time to wake your brain up whether that is through exercise or a strong cup of coffee.
Eliminate your distractions: Think of trading like you’re sitting an exam, take out the distractions you don’t need like phones some social media other sports etc. See below for my setup I use for trading.
You’re going to get tired: This is intense work when done properly so you need to take short breaks and reset the beauty of trading is if you miss one opportunity there are another dozen just around the corner.
Vocalise what you’re doing: When you think you have made a good or bad trade talk yourself through what happened, this not only helps you think through what you are doing but it helps you remember what you did and if it was successful or not.
Pre match preparation: For cricket I like to get the expected XI's on a notepad and jot down some points against each player. Basically all you need to figure out is who you will want to back and who you will want to lay. I.e. Gayle is a great batsman to be against when his side bats first but if chasing you don’t want to be betting against him.
Take note of the even money team run lines available before the game this is a good point of reference throughout the game to use. I.e. if team A had the run line of 160 and are on track to hit 180 but the current price for team A is the same as the SP (Starting price) then they could be a good bet as by the time the innings is concluded you would expect the price to shorten.
Run Line Middles: A great way to make money trading is by middling run lines between Betfair and corporate bookmakers. This is done by taking advantage of the corporates being slow to accurately adjust and you can easily make risk free money by doing this. Note these will not hit a high strike rate but you should look to back and lay for zero risk i.e. Back at 1.87 and lay at 1.80’s.
My setup for trading
Monitor 1 Live feed: This can easily be substituted with a TV providing the content is shown on FTA or FOX. Needed for obvious reasons as when betting in play you need a good gauge on how the game is going which is best done through a visual feed.
Monitor 2 Betfair software: Trading through the Betfair system is fraught with danger, you only get to see a small portion of the market and odds only refresh every couple seconds. I use betangel as it caters to my needs for both cricket and horse racing. I only use the Trader version for 60 pounds a year.
Monitor 3 ESPN & Twitter: ESPN is handy to have open so you can see who’s to come batting/whose got overs left etc, all you need it to do is save some brain power that can then be used elsewhere. Twitter is one of the most underrated tools for a trader in my opinion, it’s an easy way to source other traders opinions on an instantaneous basis.
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A few tips for successful trading
Be awake and alert: The worst games of trading for me in Cricket have all been when I’ve woken up in the middle of the night to trade without allowing myself to wake up. Allow yourself some time to wake your brain up whether that is through exercise or a strong cup of coffee.
Eliminate your distractions: Think of trading like you’re sitting an exam, take out the distractions you don’t need like phones some social media other sports etc. See below for my setup I use for trading.
You’re going to get tired: This is intense work when done properly so you need to take short breaks and reset the beauty of trading is if you miss one opportunity there are another dozen just around the corner.
Vocalise what you’re doing: When you think you have made a good or bad trade talk yourself through what happened, this not only helps you think through what you are doing but it helps you remember what you did and if it was successful or not.
Pre match preparation: For cricket I like to get the expected XI's on a notepad and jot down some points against each player. Basically all you need to figure out is who you will want to back and who you will want to lay. I.e. Gayle is a great batsman to be against when his side bats first but if chasing you don’t want to be betting against him.
Take note of the even money team run lines available before the game this is a good point of reference throughout the game to use. I.e. if team A had the run line of 160 and are on track to hit 180 but the current price for team A is the same as the SP (Starting price) then they could be a good bet as by the time the innings is concluded you would expect the price to shorten.
Run Line Middles: A great way to make money trading is by middling run lines between Betfair and corporate bookmakers. This is done by taking advantage of the corporates being slow to accurately adjust and you can easily make risk free money by doing this. Note these will not hit a high strike rate but you should look to back and lay for zero risk i.e. Back at 1.87 and lay at 1.80’s.
My setup for trading
Monitor 1 Live feed: This can easily be substituted with a TV providing the content is shown on FTA or FOX. Needed for obvious reasons as when betting in play you need a good gauge on how the game is going which is best done through a visual feed.
Monitor 2 Betfair software: Trading through the Betfair system is fraught with danger, you only get to see a small portion of the market and odds only refresh every couple seconds. I use betangel as it caters to my needs for both cricket and horse racing. I only use the Trader version for 60 pounds a year.
Monitor 3 ESPN & Twitter: ESPN is handy to have open so you can see who’s to come batting/whose got overs left etc, all you need it to do is save some brain power that can then be used elsewhere. Twitter is one of the most underrated tools for a trader in my opinion, it’s an easy way to source other traders opinions on an instantaneous basis.
SUBSCRIBE HERE!