Bet Angel for newbies / Getting started : How long will it take to learn to trade

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.

How many markets did you trade before you started being consistantly profitable?

No votes
Total votes: 53
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Posts: 131
Joined: Tue Jul 18, 2017 1:26 am

Sat Dec 02, 2017 8:49 pm

I like the voting system. Through one question, many other answers can be fetched.

Above question required atleast 600 votes, to get close to accurate results.

Total members in this forum = 18436
Consistent traders 10% = 1843.6 (No. of members can vote)

Why members are not voting, can be many reasons, couple of I say,
1.They are non-active.
2.They are not consistent(this proves above 10% imaginary value wrong)

Posts: 2
Joined: Wed Aug 02, 2017 7:52 am

Wed Dec 06, 2017 8:07 pm

I started to try and learn to trade two and a half years ago. Part time because I worked, still do.
Lost countless £100 start ups. gave up for 3 months then tried again, same result. Couldn't take a red race, had to go in play. Gave up again.
Tried 6 months after that, watching PW videos (and others), 'Froze' when a race went against me, watched the red go from £1.60 to £4.80 to £11.20, £27.30 etc. You don't need me to tell you, desperately let the race go in play & almost sob with relief when the horse lost. But I was just prolonging the agony, because sooner or later, the horse won & I lost (say) 90% of my bank. Gave up for another 3 months, got BA Pro in July.
Watched hours & HOURS of videos mainly about scratching but others too. Lowered my stakes, so that I didn't have to wait for a trade to finish before being able to go back in. In this way I'm often able to make profit on other runners, which lowers the bad trade red.
Finally, and thankfully, got a lightbulb moment and these are my recent results, last 4 days actually:-
Sunday 18 Races - 1 Red for £1.33 - Net Profit £17.32
Monday 14 Races - 2 Reds for £4.65 & £10.52 - Net Profit £19.33
Tuesday 12 Races - No Reds - Net Profit £17.51
Today 22 Races - 2 Reds for £1.70 & £4.62 - Net Profit £52.59
No races allowed to go in play.
A pittance for some of the experts of course, but i was able to start accepting losses, because I realised I could still make a profit at the end of the day.
I really hope it takes no one as long as it took me.

Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Wed Dec 06, 2017 8:19 pm

If Google ever dabble in trading on Betfair, the rest of should pack up and go home! 😂

To go from learning the rules of chess to being probably far better than any human in history within a few hours is breathtaking.

Posts: 36
Joined: Thu Feb 25, 2016 9:26 am

Sat Dec 30, 2017 1:23 am

The opposite for me...
i learnt to trade very early..i saw adam todd videos in 2003-4,and i copied it :D :D

golden age for edge?first on the queue, any possibilities to manipulate the market(in some situations i backed for many money the odds from 12 to 8,4-8,2,and wenh appeared many money to back then i layed all to 9,6-9,8..and i gained very well) .. ,and scalping following the trend+wom.

in 2009-2010 finish every possibilities to be first in the queue,and the other i tried and tried,and after thousand hours to studied trading,i gave up.

in that period i gained many money on the other markets...i manipulated small markets(san remo italy song festival),i put the money and i managed full market :mrgreen: ...or,another way,when a singer sang a song then the odds ,ever, go down..ever...i backed at the start of the song,and i layed before started new singer :mrgreen: :mrgreen: :mrgreen:

incredible how everything has if i put money on betfair i have only one way:lose money

so,i learnt to trade very early...but after spent thousand and thousand(20-30-50-100 thousands? i don't know) of hours i stopped to being able to trade :mrgreen: :mrgreen: ( :( :( :( )

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Posts: 3704
Joined: Sat Sep 03, 2016 3:42 am

Tue Jan 23, 2018 5:13 pm

I thought this video explains it pretty well How Long Does It Take To Learn To Trade?

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