So over the last few months, I decided to get back into my football trading again to see if I can turn over a profit and earn some extra income to feed the kids.
Unfortunately, COVID hit us all in March and since then any matches that have been played, have taken place behind closed doors with no crowds. This obviously isn’t an ideal situation, although we are living in unprecedented times and we need to think about everyone’s safety.
I imagine that it must be difficult for players to get motivated. Hopefully, next season will be better and we can get back to hearing the roar of the crowd once again and put all this behind us.
Anyway….I recently invested a bit of my wonga in order to enhance my own knowledge as we should always be learning after all, especially if we want to make a regular profit.
I know as well as anyone that making a consistent second income from football trading is not easy. Those who come from Matched Betting soon find out that there are no guarantees in this game and if you don’t know what you’re doing you can lose your bank in no time at all.
However, I think with the help of others in the trading community, we can all enhance our own skills and build a portfolio of successful strategies and systems to make a long term profit.
Of course, it’s not only about having a system or two under your belt. Mindset and discipline are the most important aspects of trading. Without the correct mindset, discipline and approach, it’s a slippery slope.
To trade full-time would be great, but to start with my aim is to become a successful part-time trader. So one step at a time, protecting the bank and gaining enough knowledge and experience to keep moving forward and growing my trading bank.
So I thought I would share with you what I have been spending my money on in order to improve my own knowledge and hopefully learn from those who have walked the same path as myself and no doubt you the reader.
I purchased Wayne Morgan’s book ‘Betfair Football Trading – Helping You To Find Your Trading Edge‘ and PDF guide, both of which contain a wealth of information.
There are lots of useful insights on trading from Wayne who has a vast amount of trading experience to share. I would highly recommend the paperback and his separate e-book, ‘The Lazy Man’s Way To O2.5 & BTTS Selections‘. Both will appeal to those starting out and those who have some trading experience. For the price, they’re a real bargain and a gold mine of information.
There’s a large number of systems in the book that you can use that cover most of the Betfair markets although you definitely don’t need to know them all to be successful. Just a handful should suffice.
You’ll also learn more about bank management and how to adopt the correct mindset when trading. This aspect of trading is the most important for me and something that many newbies tend to push aside. How to find your own selections is also included in both books.
You can follow Wayne on Twitter here. The book appears to be sold out on Amazon, but I know the PDF guide will be available. If you want to purchase any of his products, just ping Wayne a message on Twitter and he will help you out.
Something else I did recently was to sign up again to the excellent football trading website – Goal Profits
Steve Brown and Kevin Laverick are extremely experienced traders and have developed an unbeatable set of tools that you can use as a part of your GP subscription.
One of my favourites is the LSM (Live Stats Module) which helps you to monitor games in-play so you can make more informed trading decisions. Knowing when to enter or exit a trade is extremely valuable. An absolute powerhouse of a tool for sure!
The Team Stats tool is also great along with the Live Table Analysis (LTA) tool which can help you to spot opportunities when teams perform better in the first and second half of games.
There are also some brilliant guides for beginner, intermediate and advanced traders and for those who are new to trading, some first half and second half tools which automatically provide you with daily selections to get you started.
At £40 per month, Goal Profits is a real bargain considering the work that’s gone into it. GP has won numerous awards and accolades over the years and the support from Steve and Kevin is first-class.
However, for those who are getting up and running and only using small stakes, I can see how the subs could easily eat into any profits you may or may not make when starting out.
Even still, it’s a great community and even if you only use it for a few months it will definitely get you up and running quickly on your football trading journey.
They are currently doing a 7-day free trial for just £1 which is a bonus. You can take a look here https://www.goalprofits.com/trial
So there you go. I thought I would update you on what I am up to. Feel free to pop back from time to time or hit me up on Twitter here – @myfootietrading
I plan on becoming a bit more active on Twitter over the next couple of months and will be sharing information on my own trading journey and how I am getting along.
For now – Good Luck!
Disclaimer: I am not affiliated with any of the products or services that I have mentioned on this page and will not receive any affiliate commissions or payments as a result.