Want to become a professional Betfair trader? Here's how. I believe there are 2 concepts you need to implement.
Number 1 is quite simply experience. The more knowledgeable you are in any field, the more of an expert you will be. It doesn't matter which field you choose to earn your trade in, the more experienced you are, the better you will be at it. Too many people are trying to get good at Betfair Trading by trying one system after another, without ever committing to, and sticking with one thing, and making it their business to become an absolute master in that area.
Don't think of this in terms of elapsed time, but instead in terms of how many horse races you have witnessed. How quickly can you get to a thousand races? Once you get to this point, then reassess your level of expertise. You should find that you view things in a completely differently way when you get to this point.
You can do this in just over a month if you are dedicated and you work full time. Compare this to a guy who takes in just 10 races a week. He might think he is getting good experience but it will take him a full 2 years to get that 1000 races. Same level of experience as the first guy, but much longer to get there.
Number 2 - you must take a learning experience from every race. What is the take home message here? What can you learn from what you've just seen? If you can't figure it out, then the message is simply not to get involved next time. Everytime you win or lose, you must ask yourself what just happened and why.
You will find yourself getting frustrated at times, and wanting to blame the evil market for going against you. Stay calm in these situations and simply try to figure out the lesson. It's usually in the times that we fail that we get the best learning experiences.
Number 1 is quite simply experience. The more knowledgeable you are in any field, the more of an expert you will be. It doesn't matter which field you choose to earn your trade in, the more experienced you are, the better you will be at it. Too many people are trying to get good at Betfair Trading by trying one system after another, without ever committing to, and sticking with one thing, and making it their business to become an absolute master in that area.
Don't think of this in terms of elapsed time, but instead in terms of how many horse races you have witnessed. How quickly can you get to a thousand races? Once you get to this point, then reassess your level of expertise. You should find that you view things in a completely differently way when you get to this point.
You can do this in just over a month if you are dedicated and you work full time. Compare this to a guy who takes in just 10 races a week. He might think he is getting good experience but it will take him a full 2 years to get that 1000 races. Same level of experience as the first guy, but much longer to get there.
Number 2 - you must take a learning experience from every race. What is the take home message here? What can you learn from what you've just seen? If you can't figure it out, then the message is simply not to get involved next time. Everytime you win or lose, you must ask yourself what just happened and why.
You will find yourself getting frustrated at times, and wanting to blame the evil market for going against you. Stay calm in these situations and simply try to figure out the lesson. It's usually in the times that we fail that we get the best learning experiences.
About the Author:
Richard Fletcher is a pro Betfair Trader focusing on pre-off horse racing alongside occasional Cricket. If you're interested in seeing how he does his Betfair Trading, then check out his blog to understand the concepts of Trading Horses on Betfair.. Free reprint available from: How To Quickly Get Good At Trading On Betfair.
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