After several years of posting my football selections, and after repeated requests for me to document and publish my exact approach to the well-known football trading method of laying the draw, I eventually managed to pull it all together into a downloadable eBook, and here she is!
I spent quite a few years adapting and fine-tuning the lay the draw method for the highest possible strike rate with minimum possible risk. Unfortunately I didn’t take notes when doing so, as it was many years before I started this blog! Therefore it took quite a bit of thinking to actually remember why I almost sub-consciously reject certain games, why I only enter in certain odds ranges, and various other things I was basically doing on autopilot before putting pen to paper to publish this step by step guide.
There are so many different ways to apply the lay the draw strategy, I have seen many of them in use by other traders I have known. In fact I would say there are almost as many interpretations on this method as there are traders using it! I have respect for all of them (when successful!) but my approach is quite different in that I avoid as much risk as possible, but capitalise hard when there is a profitable scenario on the table. From all the comparisons I have done with other traders, this seems to be the most obvious difference between my approach and theirs. However, it was a long and gradual process to refine it to where it is now, I certainly didn’t start out being anywhere near as ‘choosy’ about my trades, do any of us?!
I used to trade between 10 and 20 games per DAY!
Yes, I really did. And I did that for a good year or more before I began to discover that I could have similar profits by doing a lot less work, which was what originally motivated me to reducing my trades. Over time I found that by being ULTRA selective, only risking my money when literally everything looked as close to perfect as possible, I could reduce my trading workload by 60-70% or more, while maintaining or even increasing my level of success at the same time. In my view, making the same money for half the work is basically like doubling your wages. Time really is money, and the older I have become the more I have realised that any time I spend at the desk needs to be paid for.
Less hours at the screen is never a bad thing as far as I am concerned. When you’re new to trading it all feels exciting and the hours fly by. But after a year or two things get more mundane and not so exciting, and this reduced level of emotion is one of the true secrets in my view, the reason why so many traders struggle when they are new to it and excited by it, only becoming profitable when they eventually calm down and treat it more like a job or a business. Mental control is everything in trading. Achieving that control is much more difficult when you’re emotionally-charged or buzzing with Adrenalin!
Successful traders don’t blab about their trades in the pub on a Friday night, losing traders do! At least that’s my experience of many traders (and pubs) in my time! This is because by the very nature of being a successful trader, it’s not exciting any more, in fact talking about it in the pub would be a very boring prospect for any full time trader! The work has been done, it paid for that time in the pub to enjoy a chat with friends about anything other than their “day job”!
I spent many hours unpicking my own habits and thought processes in order to document every single click I make during my trading, right down to the very smallest detail which I hardly even noticed I was doing until I began writing it all down to put into this eBook.
I have lost count of how many people have asked me to write down my lay the draw approach, especially during the last few years. (One of them sent me a review of this eBook after he read it, his testimonial is shown below). I never really had the time, and to be totally honest, I was never sure I wanted to share this as it is the product of many years of adjustments, testing and fine-tuning in order to make it as reliable as possible for my own benefit, not for others! However, other people choosing the same trades won’t affect my trades or my profitability due to the large amounts of money in these football markets, so I have no real reservations about others trading the same games as me, which you will be able to after reading this eBook. As the summer football break made me even more bored than usual this year, I decided to use that time to put this product together and finally get it published once and for all.
This is 56 pages of detailed, well-constructed and illustrated content. It was put together with the kind help of a total novice who barely even knew what Betfair was, so it was written from the ground up for people of all levels to be able to understand. My aim was to make it possible for someone who has never placed a trade on Betfair in their life, to be able to start using my lay the draw approach immediately after reading this eBook, and start learning how to pick the right games, how to avoid the bad ones, and how to sidestep the many psychological traps which 99% of new traders fall into.
The feedback I have received has been excellent, and many readers continue to use my approach regularly.
Here are just a few things you will learn in this extensive guide:
- How to make a shortlist of selections in a matter of minutes instead of hours
- Where to get the best stats
- How to interpret stats to avoid the wrong games and pick only the best opportunities each day
- Staking – how to approach this tricky subject with bank preservation in mind
- How I avoid many of the losing games other traders choose to trade
- How to capitalise on winning trades for maximum return and bank growth
- How to handle losing trades and keep losses to a minimum
- The mental stumbling blocks which cut most traders’ careers short
I am not going to do the usual cheesy stuff and tell you that you’ll be driving a Ferrari next week and will never have to work again etcetera (yawn). Anyone who knows the first thing about trading knows it isn’t something which makes people rich overnight. (It certainly could make someone poor overnight though.) It’s a long process of learning first about yourself, your emotional limits, your level of self-control (or lack of), then about the markets and many other extremely important but difficult lessons which every successful trader has learned before you.
Can good money be made from football trading? YES – experienced traders can and do make £100k+ per year just with careful and selective use of the LTD method, although that’s obviously with a large bank and big stakes. So it can certainly earn a good income, but it is highly unlikely that a beginner will be able to do that even if they were using big stakes, which they definitely shouldn’t be doing!
It is never the method that’s to blame for the long learning period which any trading system requires, it is the trader him/herself. Humans are not really built for trading, our emotions and instincts generally oppose everything which a trader must do to become successful. Not panicking, not chasing losses, not getting greedy, jeapordising a small profit in the hope of a bigger one, and so the list goes on. It takes a certain type of person, not a certain type of method, to make a good trader. Of course having said that, the best trader in the world is no use to himself or anyone else without some kind of strategy to employ in the markets! But a good method is easier to find than a good trader, remember that. You need to become the latter. This eBook will provide you with a good strategy, and it will do its best to help you learn how to adapt into the type of personality that makes a true trader, but it’s your task to put the two together.
A trading strategy provides someone with an opportunity to profit, but the person behind the mouse is the one who seizes the opportunity effectively, or not. I have seen money lost on superb trades, and money won on rubbish trades. The difference is not the method, it’s the person making the decisions.
Here is an honest real-world testimonial from Shane, one of my regular readers:
And another one from across the pond, and down a bit! ……
I hope this eBook provides you with all the knowledge you need to succeed, as well as a simple but powerful method for finding profitable opportunities. I can’t promise what the future holds for you, if I were to do that it would be a lie as I have no idea about your personality, abilities, commitment levels etc.
What you do or don’t do as a result of studying this eBook is your own responsibility. But if you can follow some simple rules, keep a cool head at all times, and practice sensible money management, you have every chance of becoming one of the few people who manage to turn Betfair trading into a full time income and never have to wake up to an alarm clock on a wet winter Monday morning again! (Unless there is an early Japanese League game you like the look of!)
I wish you all the luck in the world, but as you will soon see, luck really has very little to do with it!