The new tennis trading season has started and before I’m starting to post new trading examples on this blog I’m going give you the last video in the video series about successful Betfair tennis trading:

During the last few weeks I’ve been telling you about many aspects impacting the tennis trading process:

Controlling Emotions
Getting Rid of Gambling
Technical Preparation
Managing Your Trading Bank

So this time the final aspect – business approach. To put it simply – you have to regard the whole tennis trading process as a business rather than something to kill your time. No rush, no unrealistic expectations, just step-by-step process.

Preparation, learning and gaining experience – and you’re guaranteed to be among the top 0.5% Betfair users who work with an overall profit!

Talk to you soon,
Paddy

Well, watch this video and you’ll get the answers on this question then!

As you can imagine, trading staking plans differ between professional Betfair traders and novices. You just can’t start operating with 100 pound stakes right after you’ve opened the Betfair account – forget about it!

No matter how safe the whole trading process may seem to you, you definitely need to develop your trading technical skills first and then increase the stakes.

And don’t forget – do it gradually! Let’s say, so far you’ve been trading using 20 pound stakes. When you feel confident enough, increase the average stake amount to 30 pounds, for example. Using high stakes requires a nerve, and you can develop this special skill only by practicing.

Another thing – once you’re trading following a particular strategy using a certain stake level, don’t change it too frequently over time. For the tennis trading strategy to work long-term you need to use a constant stake.

Otherwise you can have a situation when you incur loss trading with a hundred pounds and make profit from a 20 pound stakes. Result – an overall negative balance. Something that we, Betfair traders, are not here for, are we?

Talk to you soon,
Paddy

It’s simple – have a few pints before you trade and invite your mates to see how you trade!

Another essential elements of a well managed Betfair tennis trading process are:

* Technical preparation
* Self-discipline

You really need to separate trading from leisure. Although Betfair trading CAN be time very well spent, it still requires strong nerves and concentration. In other words – things which are easy to lose focus on if you’re distracted by something else.

By no means I meant to scare you with the seriousness of Betfair tennis trading. It IS nice looking at your Betfair account after the trading session and see it grow. And it’s an amazing feeling when you’re withdrawing a few hundred from it!

Nonetheless, have a read or watch what I think about decent preparation before you start trading and risking your money.

And by the way – did you know real traders don’t look at the trading screen seeing money as the instant result to their trading activities?

Best of Luck,

Paddy

It’s me – Paddy – and this time I’m going to tell you some stuff about gambling. To be more precise – you’ll find out what it really takes to go bust and empty your Betfair account in no time!

You know, even though Betfair trading seems to be quite innocent and the very concept of greening out makes the risk factor insignificant, it’s still there. But I’m not talking about the actual risk when placing the bets and assessing the price fluctuations.

I’m talking about the little devil that whispers into your ear – ‘Hey bud, wait a bit longer, don’t close the trade with a loss! You can still make some profit here, don’t you see?’ And eventually you end up having lost even more than you could have! Does this situation look familiar to you? Then watch my video about getting rid of the gambling spirit – useful stuff for every Betfair tennis trader.

Please understand – it doesn’t matter whether you go to Betfair and follow some betting plan or try to green out. The real difference between a gambler and a trader is in your mind. If you try to green out and perceive every next attempt as a chance to win what you’re lost before – your mate gambler who follows a good betting plan is still much better off than you, did you know that?

So this is the second video in the video series about successful Betfair tennis trading. If you missed the first one – watch it here.

Wishing you profitable trading next season,
Paddy

I’ve received plenty of e-mails from my customers who are very concerned about one thing in general.
They can grasp all the tennis trading concepts and apply them in the real life. However, staying focused and calm even if you’re forced to accept losses seems to be the hardest thing of them all. And even if you don’t want to, you start placing completely stupid bets and eventually all your Betfair account is dry empty.

So this is the first video where I’m telling you about the importance of controlling your emotions while trading tennis on Betfair.

I’ll try to update these videos every week until the new tennis season begins in January and the Australian Open starts.

Talk to you soon,
Paddy