How to make money on betfair tennis

By Sports Trading Life. Jim Makos is well known investor from Greece, who has made a lot of money online via different investment opportunities. One of them was Sports Trading, or Betfair Trading, as most people still call it. So just why is this?

And how did he manage to make so much in a short space of time? We caught up with Jim Makos himself for a chat! Hello Jim makos, Thank you for taking some time to have a talk.

The first thing to ask is, how and when did you originally get into trading on Betfair? Thanks for the opportunity to share my thoughts and experience with other players. What were the main sports you were trading and how long did it take you to get profitable?

It was really VERY easy to make money back then. I should note that I traded via a 56k dial-up internet connection to make that money! What sort of stakes were you using to achieve that? W hen I started I traded with small stakes. The stakes I used were calculated by dividing that amount 1,5K by the odds I was going to trade.

How To Make 5 Figure Profits From Betfair Tennis Trading Like… | Sports Trading Life

For example, at 2. Do you think the markets were easier in those days or that you just found a strategy which worked and capitalised on that? Nah, the markets were far too easy, it was like picking up money from the street.

Ok, discipline and focus were crucial, but given the fact all you had to do was to follow the money, and even a dial-up connection with 2secs refresh rate was sufficient to make money, there was no need for some fancy strategy. Patience and speed could turn you into a winner in no time.

Things were looking great until Trading was getting a bit more difficult due to popularity and opportunities were becoming rarer, while I needed to act faster.

Still profits were made. Eventually in the beginning of I noticed that other traders were faster than me and by the time I submitted a bet, I was too late to get advantage of the opportunity. On the contrary when my bet was matched, the market more usually than not turned around and my losing trades outnumbered my winning trades! Since you believe your strategy is no longer profitable are you able to reveal a little bit more about it? I already mentioned a bit about the strategy above.

The markets back then had a lot of gaps between their odds. For instance, volume of money was being added on the lay side of a favourite horse in terms of hundreds of euros, while the back side kept getting thinner in volume and the odds were like 2. On one hand you would see thousands of euros laid at 1. Even a child could see that the odds were going to climb!

You also had the option forex realmente funciona win more than one tick 2. So, cash cashrandomizer.us make make money money money panic kicked in and everyone was laying, nervously pressing any odds available could lead your bet to get matched in a matter of seconds, although you had placed it that far!

It was really that simple, especially in trending markets. When the markets consolidated, that is odds fluctuating between known limits like 4. So are you saying its impossible for anyone to make nyse trading days living from Sports Trading now? By no means, no! I know of traders who constantly make money month in, month out since !

They in fact learnt about sport trading via my blog. They do though complain about the recent extra charges Betfair is applying in their betting exchange. If someone wanted to gain an edge on the Betfair m arkets today, what advice would you give them?

Get the fastest internet connection in your area, make the most out of it improving speed and ping times and in case of non-UK players, read about the order rerouting through Malta, losing them msecs when submitting their bets. Virtual Private Networks VPN can also help. What is your view on technical analysis on Betfair?

How To Make 5 Figure Profits From Betfair Tennis Trading Like… | Sports Trading Life

Can this be used to gain an edge on the markets at all? Betfair is that kind of market as well. So there are traders how to make money on betfair tennis trust technical analysis, but there are traders who think technical analysis is garbage.

Each to his own I guess! If it does, study it more. It might be technical analysis, it might not. However, there are traders who base their winning trading actions on technical analysis. You did very well with horse trading but did you ever try other popular trading sports such as Football or Tennis? I occasionally trade tennis in-play, how to make money on betfair tennis due td ameritrade stock trading costs making a video recording for my Greek betting blogwhere Greek bettors learn for the first time the meaning of trading.

I once tried trading football games with little success. I opened a trading position a couple of days before the official match day and traded out a couple of hours before kick-off.

As I had to invest a large portion of my bankroll for a couple of days just to perhaps make miniscule profits, I quickly abandoned that kind of trading. Yet, I have noticed some nice odds movements in specific football games where the odds do provide enough volatility for someone to win significant amounts of money.

Finally, So what does the future hold for you now? Will you ever return to Betfair or are you enjoying other investment opportunities now?

How to win money on Betfair by trading on the tennis markets

Well, if someone told me I could return to Betfair and win the same profits I used to make, I would definitely return! At the same time I have moved to stock and forex trading, trying to play with the big boys and getting my trading skills to another level, sharing my experiences through my trading blog.

Surely traders can make money in Betfair but the question is if that trading is scalable. If you are very good, you can win as much money as the markets allow you to.

Imagine betting that amount of money on a horse just to win a couple of ticks! Besides gambling, I have done a lot of studying about blogging and how to make money buying, developing and selling websites and domains. You can read more about Jim at his Sports Blog or his Online Trading Blog.

Jim MakosJim makos interview. This is the same guy who can no longer win at betfair and says bloggin is a better way to make money today?? Sports Trading Life says. Its quite admirable that he admitted he can no longer win on Betfair and didnt end up as a chasing gambler who would eventually blow the money he made. I seen it happen! I believe he is saying that blogging is a better way to make money FOR HIM rather then in general. We all have things that work good for us and things that dont.

The best thing is being able to identify what works for you best. Good interview, you should start doing more of these. Try getting some of the profitable bloggers out there to do them too.

Start Here Free Book Blog Trading Courses. Comments david says at This is the same guy who can no longer win at betfair and says bloggin is a better way to make money today??

Hey David, Its quite admirable that he admitted he can no longer win on Betfair and didnt end up as a chasing gambler who would eventually blow the money he made. Check the interview section as there might be some others you have missed. If not, then keep reading as I am hoping to feature others soon! Free Books The Sports Trading Handbook. Website Information About Contact Privacy Policy.

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