Author: lpaton80

I will discuss these three exchanges in one tweet. Lets be clear they are all a fraction of the size of Betfair. Lets start with Betdaq. They used to provide an interesting alternative and I would use as an emergency back up if Betfair has issues.The problem though is any liquidity soon disappears if Betfair … Continue reading 57. Betdaq, Smarkets & Matchbook

I will do separate tweets looking at the four main betting exchanges. The positives and negatives. The first thing to make clear is that if you are going to be successful in this game, over a longer period of time, it is highly likely you are going to have to use exchanges. Betfair, whilst not … Continue reading 56. Betfair

One of the more tiring things in this game is being constantly asked for tips. This week is a good example ahead of the USPGA Championship. Who will win? Who do you fancy? Can I have some bigger price picks for this week? I have no real objection to sharing the information to friends because … Continue reading 55. Being asked for tips

One thing that happens very quickly when betting and particularly when betting for a living, is losing all sense of the value of money. This problem has only got worse as betting moves increasingly online and onto mobile devices. Money literally just becomes numbers on a screen. That in itself can become incredibly dangerous. The … Continue reading 54. Value Of Money

Ego and confidence are very closely related. Let me quote a little passage from an article by Cy Wakeman. ‘Many are guilty of buying into the common misconception that ego and confidence are essentially the same thing. They equate both with a brazen attitude that’s seemingly unflappable under pressure. It’s even been said that taking … Continue reading 53. Ego

There are two separate situations that we will explore here. The first is the traditional ‘Cash Out’ with a bookmaker where they offer you the opportunity to close out your bet for a pre determined amount based on the current prices. The other situation we will look at is the idea of closing out positions … Continue reading 52. Cash Out

This is such a polarising topic for so many in the industry and I will have pretty different views to many. They are just my views though. One thing about doing these tweets is that I am not beholden to anyone but myself. I have no paymasters to answer to. The only conflict of interest … Continue reading 51. Affordability Checks (AC)

Something to always be wary of is what the maximum payouts are for each sport at each bookmaker. This is usually most relevant if you are placing bets like accas where the payouts can get pretty big pretty quickly. Either that or you are a big punter! At Bet365 these limits really vary with the … Continue reading 50. Maximum Payouts

It will depend on exactly what you are doing but if you are in this game long enough ,you are likely to experience some significant downswings. I have found downswings in the last ten years of 30%+ on a couple of occasions. It isn’t fun. Variance can be an absolute nightmare and is a tweet … Continue reading 49. Big downswings

You can have some great positions but you cannot think of the money as yours until you have either closed out the trade/bet or the market has expired/ended. Even then I am always a little nervous until the money actually hits your bank account. Let’s talk about a crypto coin called Solana, as I know … Continue reading 48. Unrealised Gains