Welcome to the new series of articles for WIN appearing every Tuesday and giving you advice and examples of how to lock in more profit using trading techniques and matched betting.
So a quick introduction to who I am and what qualifies me to help you. I’m Eddie Lloyd and I’ve been a professional punter for five years now. In that five years I have worked in the head office of one of the biggest bookmakers in the country and behind the scenes learned a lot about how they think. I’ve managed betting shops and learned how the punter thinks. Once I got what I needed I left the bookie industry and armed with all the facts set up by myself and now work alongside Betfan, WIN and BetKudos. I’ve finally arrived at what it is I always wanted to do and spend all day trading, betting and looking for anyway I can to turn a profit from my punting.
There’s nothing better than sharing that knowledge with other people and that’s where these new articles will come in!
So far in this series we’ve learned how to secure a free bet by trading out on Betfair, how to secure a profit no matter what the outcome and a clever trick on how to secure a bigger price about a horse than is available in the market. Practice these methods and you’ll be changing the way you bet and making a profit. Now you can’t argue with that!
Last week then we went through how to secure a safe way of trading out in order to qualify for a free bet which increases our chances of securing a profit. This week I was intending to show you a way of combining different bookmaker’s offers to massively increase your chances of winning, however I will be leaving that for next week as I feel that I have covered a few techniques that you can actually use I’d best cover staking and bankroll to cover these methods.
The beauty of trading is that as long as you have mastered the techniques your bank doesn’t have to be as large as when betting normally. You will have losing trades and the profits are smaller but it’s a question of little and often.
The trickiest thing is juggling all the money around. You’ll have winners and losers in a bookies account but the same in your Betfair account. Sometimes you may get more money in the bookmakers account and then not enough to cover a lay bet in your Betfair account!
The most important thing to do here then is to open a new bank account specifically for your trading. Every penny that comes in and out of that account is purely for trading. I’ve been doing this for years and every 6 months I tally up my profits and transfer the money into my everyday account. It’s like a big payday!
Let’s say you’re going to start trading with a bank of £500. I would have £1,000 in the account. This means that I stake according to my £500 bank (more on stake sizes in a bit), however should I need to pull profits out of one account I can temporarily borrow money from my additional £500 knowing that whatever I transfer will be going back in in 3 – 5 working days. Kind of like having an interest free over-draft.
In terms of staking I always start with 2% of the bank but then compound the profits. Let’s say we go with the £500 bank, I would start by trading £10 per trade. Once I’d doubled this investment I would then trade £20 and so on.
Keep a record of all your bets and tally up where the money is in all of your accounts. Withdraw money regularly and always check the balances against what you’ve got in your new bank account to keep on top of your money.
That’s it from me this week. I will be back next week with how you can use two bookmakers at once to increase your chances of getting a return.