betfair trading vs matched betting

hi guys,
I have been doing some matched betting and making some decent money over the past few months but i feel matched betting only gets you so far until it becomes more difficult, i have been looking at betfair trading on caanberry website and i am wondering what are my odds at something like this? does anyone have any guidance or info regarding this?

Betfair trading is very high risk for very little return. You'll need to be betting £10,000s to get any sort of noticeable return.

hi guys,
I have been doing some matched betting and making some decent money over the past few months but i feel matched betting only gets you so far until it becomes more difficult, i have been looking at betfair trading on caanberry website and i am wondering what are my odds at something like this? does anyone have any guidance or info regarding this?

Do you know what you're talking about? Betfair trading is very low risk, but the downside is it's also very low reward. Successful traders are putting huge sums through the market to make very low returns at very low risk.

I run a Betfair/Smarkets balance into 5 figures, I'm well aware of what I'm talking about.

It is very high risk because of the numbers involved. One slip up could cost thousands.

It's not high risk. Swings and variance are tiny compared to other forms of gambling. If you use strict bankroll management, losses (in terms of % of your bankroll) will be extremely minimal.

Newbies can start with as little as £10 to test strategies. You don't need thousands.

Again; mistakes can be made which costs thousands.

Seems like we have 2 different definitions of risk. I'm comparing it to other forms of gambling and you're using risk in an absolute sense.

Do you or do you not agree it's low variance? Compared to say poker or forex trading, where swings can be massive.

Again; mistakes can be made which costs thousands.

volatility is a 2 way *****, high volatility presents more opportunity, but also more risk, in which case you should downsize your stakes if you expect a volatile market.

you can go for straight betting if you dont wanna stare at your screen all day.

after trying stocks and crypto, when it comes to pure cold trading i still prefer betfair, comms on profit only maximize the trader's edge.

Yes exactly.

High volatility ---> bigger wins but also bigger losses

Low volatility ---> smaller wins but also smaller losses

Betfair trading as a whole is low volatility. Do you trade Betfair for a living? That's pretty impressive if you do. If so, which markets do you trade?

irish racing or in play racing has high volatility.

no i dont do it for a living. football and horse markets.

i started trading cryptocurrency market but the liquid is poor, cant go in with large stakes but still made some money nonetheless.

Interesting. Not singling you out in particular, but I notice that many people on forums speak with such authority on trading. Then when you press them further, they either don't do it for a living, or vague terms like "make decent money" (which could mean absolutely anything). It would be nice to hear some strategies from people who do it for a living! (even though they probably wouldn't reveal such info)

i dont do it for a living because

>i like security, it makes me more fearless when taking risk.
>i dont have a huge bank
>i do **** up sometimes doing stupid things, imaging trading being your main source of income, you would be destroyed.
>Over the years of trading i figured out the same effort and time you spend in perfecting your skills in the world of betting, if you spent it on something else like getting a professional cert or MBA, you would have made more money

I also didnt say i am making decent money, i am making some money, decent or not is objective.

Strategies are just a course of pre-planned action, it doesnt mean much. Things and markets change all the time, so do strategies.

The reason why Caan berry and Peter Webb did not reveal much about their strategies (Caan Berry certainly did, he always speak of backing horses that look keen to lead the pack during the pre race session on twitter) is because they dont have any fixed strategies. They just look at the price and guess what causes it to move to the current price and think if it is justified for it to be priced so.

well mistakes trading all asset classes will costs thousands. this is not unique to betfair.

Most trades cannot go to worthless in a minute.

Sorry, I wasn't singling you out in particular, it was more a general point about people on forums!

"They just look at the price and guess what causes it to move to the current price and think if it is justified for it to be priced so."

How do you know what causes it to move and think if it is justified to be at that price? All you have is a graph (or in case of horse racing, multiple graphs) and some volume figures. There's very little to go on.

thats the trick, no one can ever be 100% right...you can either check whats going on the race track, if a horse is acting up, sweating or refuse to be mounted causing a certain horse to drift.

or you can observe the ladder and see if there is "genuine money" or someone trying to manipulate the market, or there are some shewed money coming into the market.

its really really hard to tell unless you are experience and sensitive towards price like peter webb and caan berry.