Derek27 wrote: ↑
Thu Sep 28, 2017 11:23 am
I can see where you're coming from - I did once have a competition with a friend where we both started a separate Betfair account with £2, aiming to finish with £100 (I started by backing and laying big priced horses).
If I was competing in an 10,000 metre race it would help to have a companion I could compete against, however, if Mo Farah was in the race, it wouldn't be so helpful comparing his times to mine.
I don't really understand how you can push yourself when it comes to trading. You can't do bigger trades with the same capital. I believe the real benefit of this forum is to share experiences and techniques that may be useful to other traders.
By the way, when you're successful at arbing, it's usually the bookie that got it wrong, not the exchange. So it doesn't just reduce the premium charge you pay, it can completely eliminate the charge!
From my own experience, there are a number of situations in which I can become too conservative, and where it is helpful for me to keep on pushing myself to take on risk e.g. -
- sticking with a particular favoured strategy that I feel comfortable with, so that I don't apply any others even when appropriate to do so
- become more risk-averse and sitting on profit when I'm up during a particular day
Just anything that causes me to take a more conservative, risk-averse approach - sitting in your comfort-zone as opposed to taking opportunities as they come. Other people might not have these though.