Ok, so I thought I'd do a quick summery on what this is all about.
A few years back, maybe 5, I decided to track the returns/loss on my football betting. I gave myself a pot and wanted to see how far it would go and what return I could make. After doing pretty well I blew it all on a silly bet... Gerrard to score first in a match I think.
Fast forward to today and I've picked up the bug again. But this time I want to disapline myself and learn from mistakes... hence the blog.
So I've given myself £50 to a 'Gambling Pot' once it's gone its gone. I'm tracking the bets, keeping them simple-ish and trying to make informed choices on what I bet.
I'm using paddypower.com for this part of the project.
Ok - so that's the crux of it. But.... I want to compare it against something. I've got a friend who has been mentioning Sports Trading and it tickled my curiosity. After having a read I decided to put a £50 pot towards this too.
This is where you hedge your bets by laying off and backing results in play. Smaller returns but more consistent and you can bail for a small loss rather than a big one.
For this project I'm using betfair.com but might upgrade to some trading software if I can work out how to use them.
So there you have it... Most post will be about what I'm doing and what results I've had. As I start to understand it more I'll try and explain what I'm doing, what my thinking is and what strategies if any I use.
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