What Sports Trading System Sellers Rarely Tell You!
Sunday, October 17th, 2010If you search through the internet looking for Betfair trading systems and strategies you will find a countless number of them. Most of them will claim they can turn your life around and you’ll be able to trade your way to financial success and say goodbye to your day job.
I’m speaking from experience here when I say that most of the above mentioned, so called strategies and systems do not work. You will very rarely find such a thing in the public domain that will; ever get you rich! This is not to say that such strategies don’t exist at all because they do, but you’ll rarely find them on the internet. There are a small percentage of traders that do make a successful living from sports trading. Two of the main reasons why they are successful and you won’t find their strategies on the internet are because:
They never sell or share their system with anyone
They have made all the mistakes and learnt from them and thus evolved into a well refined experienced trader who knows what he/she is doing in a highly professional manner.
Think about this for a moment; if someone has spent their life’s work developing something that can generate an income of £100k + per year, why would they risk its effectiveness by selling it to anyone? The answer is they wouldn’t. Anyone with a successful strategy doesn’t want to risk their system by it being hijacked by 100 want to be traders only to see its effectiveness dwindle away.
There are so many scam’s and outright rip offs out there that it becomes a minefield ready to blow holes in your pocket. Thinking back it would have saved me a lot of heartache and grief if I’d discovered a guide to help me through.
Truth is most of these so called systems do not work, never have and never will. Some may work to a certain degree but ultimately the vast majority of them are flawed. I WILL REPEAT ONCE AGAIN YOU WILL VERY RARELY FIND A TRADING SYSTEM THAT WORKS EFFECTIVELY IN THE PUBLIC DOMAIN.
From my experience (nearly 10 years worth) there is no ‘Holy Grail’ to be found anywhere on the internet. The Holy Grail exists within you. You are the one who has to learn the basics yourself, avoid the dangers and evolve through experience and find out what works for you. What works for you may not work for the next person.
What I will say is that those who are successful are so because of vast amounts of experience. Remember this quote:
Success is usually the result of good judgement, good judgement is usually the result of experience and experience is usually the result of bad judgement. (Quote, Anthony Robbins – Personal Power).
Hardly any of the so called system sellers will ever tell this and certainly most of them will never tell you the truth
.
Let’s have some transparency here!
Every decision we make in life where we don’t know the outcome with certainty is a gamble. Trading is no different and for those who say I’m a trader not gambler, it’s time to be honest with yourself. Trading is gambling with stabilizers. Instead of putting all your eggs in 1 basket, you’re just putting in 1 or 2 instead – in other words risk management.
Let’s take the example of a football match. What are the certainties?
· The game will last 90 minutes + injury time
· Anything can happen at anytime
Taking the above into account, how can anyone base a strategy on something where any other outcome is unknown? It now comes down to probability. So you are now basing a strategy on a probable outcome/s in a game or a probable result.
Probabilities come from number crunching, using probability and implied chance percentages that are extrapolated from reams of historical data and statistics. From this data we arrive at a stand point where the conventional bookmakers allocate a price to the particular market in question.
Take into consideration this fact also; the past doesn’t necessarily equal the future. The sports world has a habit of throwing up all kinds of surprises, such as Arsenal 2-3 West Bromwich Albion last weekend
So let’s ask the question again. How can anyone base a strategy or system on anything where there is just guess work being involved? Worst of all guessing an outcome and putting money into the equation – sounds a little crazy doesn’t it?
Oh but I hear them say lay the draw, goals are scored in 90% of games, no no back over 2.5 goals you can’t go wrong, no, no lay the favourite it will always work in your favour eventually……hmmmm why don’t you just walk across the motorway blind folded in rush hour, and I’ll bet £10 you’ll make across.
Now you don’t need me to tell you that this is a load of nonsense. I’LL REPEAT THIS STATEMENT ONCE AGAIN IT’S ALL GAMBLING NO MATTER HOW YOU DRESS IT UP.
“You can put lipstick on a pig, but a pig is still a pig!!”
Now we know that trading is a form of gambling for arguments sake we shall still refer to sports trading as trading to avoid further confusion.
So by now you should realise that most people who sell their systems do so to either fund their own trading activities or to just make a living because their own system doesn’t perform the way they want it to. I know this for a fact because not only have I purchased these systems like you may have done, only to find that they don’t work but I have also (ashamed to admit it) sold systems myself which were not as they should have been. For that I apologise to anyone who purchased it and I hope through me writing this blog, it will go some way to right my wrong.
Quite frankly, as stated before, most systems do not work. So by knowing this fact you have already saved money by not purchasing such a system and in due course saved more money from not trading with an ineffective system.
Is there a way to make any money from trading on sports?
Put simply YES! But as stated before it is extremely rare to find a strategy or system off the online shelf. The fact of the matter is that the Holy Grail mentioned earlier that every Betfair trader is searching for cannot be found online, rather inside you. As it is you who is in control of what you do and it is you that is responsible for your success or failure, not some invented, flawed system.
I only deal with facts and truth no one can argue with the truth it stands up time and time again. It’s almost like I’m saying “don’t expect to find a trading system online you’re on your own Jack”. Truth is that’s exactly it, you are on your own to a point, (other than learning from the mistakes of others) harsh I know, but that’s one of the ingredients for success. By relying on yourself, being in control and learning from your experience.
The quickest way to learn and earn is to learn from those who have already made the mistakes. By doing so you will have overcome most hurdles wannbe sports traders face. This will stand you in good stead when the time comes for you to realise what does and doesn’t work for you. By this time you will have some experience and you will be able to look for certain things that you know will work from all the observations you have made. This may sound a little vague at the moment but when you reach this point you will start to see more and more trading opportunities which are unique to you from your findings.
Having the right attitude and aptitude is also key, as it is not what you do so much but rather how you execute what you do. It also must be added that sports trading at varying levels is not for everyone. You hear of all sorts of systems which claim that their 5 year old son could do it or even a monkey, BEWARE!!
If you’re going to be successful at anything you’re going to have to put in a lot of time and effort. Nothing in life is easy and I don’t advertise that a sport trading is either. In fact it’s the very opposite if it’s to be done effectively where it can generate an income for you. Success comes with hard work and determination.
‘Repetition is the Mother of all skill’
As any great sports star will tell you, they didn’t get where they were by just being taught how to do something. True they all have natural ability but what they also have is the determination, desire and the will to succeed. In addition they practice, practice, and practice so that they can be the best they can be. This is what you must do in order to be at your very best.
If you think that this sports trading is harder than you thought then you’re right. I never said it was going to be easy. This is what the system and strategy sellers will never tell you otherwise they wouldn’t sell a single copy. If you want to earn big money you have to put the work in. That means countless hours of study, research, trial and error, learning from your mistakes, logging all your data to keep a historical record which can be referred back to.
It also means looking at a computer screen all week looking for ways to improve what you have been doing, learning how to spot potential trades and making good judgements on them. The truth hurts doesn’t it!!
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