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Secondly, I also have businesses to run and other online projects that require my time. Obviously everyone is in different positions and may have day jobs, family commitments or whatever. The beauty of sports trading on the Betfair exchange is that there are almost always liquid markets available from morning til night with varying sports.
My advice would be to look at your current situation and decide when you will be able to dedicate time to trading the markets, and in the yearly calendar, what sport is going to be the best option for you. Horse racing is always good in the sense that you get plenty races at the weekends when most will be off work, and also plenty of evening meetings in the summer that can be traded after working hours.
Regardless of having the best possible edge known to man, or being taught by the best mentor on earth, if you cannot take full control of your emotions when trading and keep your losses under control, you will never ever succeed at this. Smart people understand this and implement it early on in their trading career, others understand it but simply cannot implement it due to mental weakness or making excuses and telling their self stories to justify not being disciplined and patient, while others will never understand it and will always find a way to blame something else for their continuing failure.
Making money from these markets is hard enough as it is, do not do yourself the disservice of spending time and money learning how to gain an advantage that can be exploited in the markets over and over just for you to lack the discipline and patience required, and give all the money back, and more, by getting involved in the markets when you should not be doing so.
If you are struggling to understand the mindset that you need to be in to trade with discipline and patience, then my advice would be to read 2 books. They are both by the same person, a guy called Mark Douglas.
Once you have read them both, read them again. Then in a few months time, read them both again. I personally know a few traders who have spent vast amounts of time and money to study the markets and find their own edges and systems that work over a very long period. As I explained briefly earlier in this article, I did a lot of research and due diligence prior to getting involved in sports trading. I messaged a lot of people online who had attended different seminars and bought certain ebooks, videos, courses etc, etc.
After weeks of speaking to different traders online the same name kept on popping up over and over, and that was Steve Howe. He was the only person who offered mentoring to novice traders that I was getting glowing reviews across the board from people who had attended his course previously. The videos he has posted on his website alone give any new or experienced trader a great insight in to what his methods are and what he looks for in the market.
It all started with me early on the Sunday morning when I had to get up early and jump in the car for a long drive from Edinburgh to Coventry. It turned out to be a good decision because the Sunday night was a great night that carried on in to the early hours in the hotel lobby long after the bar had closed. I also went back down to Coventry again the following year in May to see Steve and all the lads for a good drink on the Sunday night and am planning to get down again this year too hopefully.
While the Sunday night was good fun, the first couple of hours on the Monday morning were not. Steve has run many of these seminars over the years, so the first hour or so is all still important stuff, but he saves the heavy lifting for after the first break. Perfect for the guys who have went overboard on the drink the night before to ease their selves in and get ready to get their heads around the real nitty gritty.
The rest of the afternoon pretty much involves Steve playing video after video of actual trades he has executed and walking everyone through them explaining exactly why he has done what he has done at each stage of the trade. By the end of the day I had gone in with a bit of an idea as to what Steve did, to leaving with a firm, actionable process I could apply to specific markets based on certain criteria.
No guessing, no riddles, no bullshit. Now, no matter who you are, you would be forgiven for walking away from the seminar and forgetting some or lots of the information you have learnt during the 8 or so hours. So at the end of the seminar, Steve hands out a folder to every attendee which contains a few DVDs.
Each DVD contains dozens more screen cast videos of Steve trading pre race markets with full commentary and analysis throughout, further ingraining the process and criteria in to your head so that you can study and watch the videos over and over again after you have left. The Skype groups are not only restricted to racing either, there are rooms dedicated to football, tennis, cricket, NFL, golf and matched betting. The amount of knowledge I have gained from being part of the groups is priceless, there are some very talented traders in there and all willing to share and help each other out to become better and more profitable.
Being a member of the group also opens up ongoing support from Steve himself on a 1 to 1 basis if you require it. Steve has sat with me on Skype and talked me through markets in the morning for over an hour and a half before, and I know that he also helps a lot of the other guys privately with whatever they need to understand the methods he teaches and improve their trading.
He recently started a tennis Skype group and daily stats service tradeontennis. I was in the group for a few months myself and learnt a great deal, and managed to make some decent profit in the little time I got to dedicate to trading tennis. In the end the lack of time from running my businesses and trading the horses meant that dedicating enough time to tennis was just not going to work.
Like Steve, Matt is very much cut from the same cloth. A great guy who will go the extra mile to give you the help and support you need to succeed, no matter how long it takes. I have also learnt a lot about trading horses in running in this time too. While my main focus is and likely always will be on pre race trading, I am slowly getting to grips with the in running markets and how they work. With that said the element of in running that I have been concentrating on is back to lay.
For those of you new to trading horse racing in running, back to lay B2L is basically the process of selecting a horse that you think is going to shorten in price at some point during the race. So by backing at a higher price to start with, you can then place your lay bet at a lower price and assuming your horse runs well, you will have your hedge lay bet matched in running to give you a guaranteed profit across the book.
That is a very simple explanation, and everyone does it slightly differently in terms of execution, what percentage of profit they take, and what horses they select etc. In the beginning I struggled with what horses to select. This was due to my sparse knowledge of horse racing which meant I had no idea what I was looking for when trying to identify horses that may shorten in price.
Again, when it comes to selecting horses to back to lay, every trader will have different things they look at and want to see before they will get involved in a trade, and it can take a lot of time to do your homework each day before racing starts to profile the horses and put together a short list. In the beginning I would do this manually, and despite the time it would take to do every day, I was having success and was showing a good strike rate.
However, the time involved in finding the selections was a prohibiting factor in continuing with it. I looked around for services and websites that do the heavy lifting for you when it comes to researching selections, and to my surprise found there were a lot of them out there, but in the end I settled on a website called Proform Racing.
These exact 3 filters alone have provided me with an extremely profitable back to lay system when trading the selections the last few weeks. There are dozens of relevant filters you can test and play around with, which means you can fine tune your selection criteria to whatever you like at the click of a few buttons.
If you have any questions regarding Proform then drop them an email, the owner Simon is very helpful and quick to point you in the right direction. Well that pretty much sums up my journey so far trading sports, and what has helped and hindered me along the way. Hopefully this will go some way to helping new traders and struggling traders alike.
Anyway, cheers for what appears to be an open and honest write up. I look forward to finding out in due course if my mild cynicism proves to be unfounded! Sorry I have only just discovered this comment just now, not sure how it managed to slip through my notifications. But despite the fact that the likelihood of an increase has been on the cards for a number of years now, having previously gained cross-party support, the announcement was still considered a shock to the Irish betting market.
Since its imposition, and despite rumours of a more favourable twotiered betting tax plan, the doubling of the tax has undoubtedly hit the industry hard. At the time, TDs urged the government not to go ahead with the measure over beliefs that up to jobs could be lost in the process.
Fine Gael representative David Stanton has been particularly vocal in the recent dialogue, having previously expressed his frustration over delays to the introduction of new gambling legislation. Stanton has been a key advocate for the development of an independent regulator, which is expected to come into force from next year, but even this. Despite the overall Parliamentary approval for the establishment of a regulator, its formation remains slow and pending final checks on Irish betting duties carried out by the treasury.
While it may take a further 18 months for an independent gambling regulator to be created in Ireland, a governing body which oversees the implementation of gambling legislation and addresses issues such as problem gambling may be the solution that the Irish market so desperately needs. With figures of problem gambling reported to be at the highest ever, and with mass-consolidation across the industry, more needs to be done, and every player in the industry appears to recognise this.
This is especially the case for betting in-shop. During turbulent regulatory times, those looking for a way to bring the best of digital into the retail space can find plenty of ways to enrich the retail experience for those looking for an alternative to the solitary world of online. The retail industry needs to adapt to keep its dominant position, and there are many ways it can - both by meeting the evolving demands of the next demographic and by reducing the cost of operation.
A new breed of self-service solutions, including FLAVOR terminals from Vermantia, are now live with the potential to remodel the retail customer journey. If retail operators. Customers thrive on live sports as well as racing and the better the quality of data and content you can provide, the more engaged they will be. Of course, it should always be all about offering tailor-made solutions for customers.
Others, such as the emerging trend of tech-savvy customers want to use a variety of newly available payment methods available to them wherever they make their transactions, and as providers we need to ensure it is there for them — whatever their preference. If we can provide the bridge that takes the best of online and offline to create an entirely new digitised experience — the future of retail will look bright, I guarantee it.
The body has taken on a huge mandate to develop and govern an online gambling regime that is attractive to international gambling firms but compliant with local laws and diverse Argentine stakeholders' needs. This includes the likes of bet, Flutter Entertainment, and William Hill.
Allowing personalisation to the finest detail, operators offer products that are. The new TradeGate component has been developed with the simultaneous use of multiple Managed Trade Services in mind. From this, operators can cherrypick the most suitable MTS provider for them across each sport or region. While we may be some way off, and before you dismiss this as a possibility, let's just take stock of the current situation. In Sweden, amidst a furore over aggressive market tactics by newly licensed operators, the former gambling monopoly operator Svenska Spel has announced a voluntary advertising ban, while Lotteritilsynet the gambling regulator in neighbouring Norway - has unsurprisingly proposed a ban on TV gambling advertising by offshore gaming operators.
Of course, the UK has not emerged unscathed. This followed an April call from GVC - owners of Ladbrokes Coral amongst others - to end all football shirt sponsorship deals with UK teams and implement a ban on perimeter board advertising at football grounds.
Others have gone further, calling for imposition of the same restrictions that apply to tobacco advertising. Ever the opportunist, Paddy Power. What certainly seems inevitable is that after the cuts made to TV advertising, and the subsequent shirt sponsorship fall out, the focus will now shift to gambling advertising online.
An interim report published in July by GambleAware recommended that technology should be used more often to try to reduce exposure to gambling advertising online and much more on this can be expected when the final report is published later this year. The new sportsbook is backed by a multi-channel marketing campaign featuring ex-England defender Glen Johnson and Game of Thrones star Ralph Ineson.
The entirely new sportsbook offers a shared Betdaq wallet, best odds guaranteed, full and partial cash out, live streaming and in-play betting with visualisations. SM: We have launched the Betdaq sportsbook on a completely new sportsbook platform, developed in partnership with our exchange platform provider, gbet, so we wanted to take the quieter period - with no summer football tournament - to get.
SBC: How aggressive do you expect to be in terms of pricing and other acquisition strategies across the first few months? Our pricing and promotion strategy will be aimed at building a quality customer base rather than seeking aggressive growth.
SBC: Can you outline the scale of the cross-sell opportunity between the sportsbook, casino and legacy exchange betting offering? SM: The launch of sportsbook is more about capturing a greater share of wallet from our customers than cross selling the sportsbook to existing exchange customers. We also feel that we can get better returns from redirecting some of our acquisition. SBC: Does the exchange retain number 1 priority for the company? SM: Yes, absolutely. Our intention is that any success we have with sportsbook will help to drive further investment and growth in the exchange.
And is there scope for the concept to become big in the US? SBC: Going back to the sportsbook, how much confidence do you have in gbet as software provider? What are the biggest plus points of the technology? Our exchange stability has been fantastic, industry leading, and last year we celebrated going through days without an unplanned outage, which was a great milestone to reach. SBC: Finally, can you summarise the key goals for the second half of , both for the sportsbook and the company as a whole?
SM: Our key goal for H2 is to establish three strong product and revenue verticals for the business across exchange, casino and sportsbook. Earlier this year we completed integration to the GVC Casino and Gaming platform which was a major upgrade for our Casino offering and the launch of sportsbook now completes the major product technology projects that we set out to deliver in From here we will be focused on incremental enhancements.
Ladbrokes has been around for years, for example, and we think it is only right that we lead by example in the area of social responsibility to protect both our customers and our business. It is by recognising that we are in it for the long term that enables us to lead in social responsibility, so our customers can enjoy betting as part of their entertainment and sport for a long time to come.
The International Betting Integrity Association formerly known as ESSA has been representing the betting and integrity interests of the responsible, licenced, betting operators for 15 years by:. This is obviously a terrible customer experience.
This can cause some pain if they have to pay. At a time when the use of official or unofficial data throws up such debate, albeit more so in the US market, Jeyaratnam said that access to richer data - including quicker confirmation of a VAR check and the challenge flag - would create extra value for the official feed. All of a sudden the wording of that is problematic because if it is awarded, then removed, do we need to pay out?
At the moment we do. So we are going to have to tighten up all those things - it's not just the black and white ruling it's the wording of the markets too. What's going to happen in the next minute, two minutes etc. Quite often that could now almost be null and void because there's no action.
We offered this manually during the World Cup and saw huge numbers of bets. So there's definitely opportunity there. He explained that while the process is meant to take out external influence, there were still coaches and backroom staff trying to exert pressure before the award of the controversial penalty that took Manchester United through against PSG in the Parc des Princes. It makes more sense, therefore, that the decision goes to someone more neutral. I come from a family of bookies, my Great-Grandad worked with both the fairground and roulette wheels.
My Grandad was a bookie before it was legalised in the UK, and then went on to own a number of betting shops when it was eventually legalised in the s. And then my Dad was born and raised in both the betting shops and on the racetracks, and so was I, so it was always in my blood.
I was raised. My first job online was Sportingbet in Guernsey and the Channel Islands, which now seems like a very long time ago. And then just over 10 years ago, Sportingbet decided that they would. So I stayed with Sportingbet out there for a few years, began to build my network, and then started to make my way moving up the ladder. SBC: So in 10 years you climbed the ladder from being a junior trader to a CEO, what would you say were the major challenges that you had to overcome during that time?
PF: To make it, you definitely have to have an appetite for risk. You have got to be prepared to take chances that others might not be prepared to take. Even moving to the Philippines a few years ago was considered a considerable risk, but one that I am extremely glad to have taken. So certainly an appetite for risk. I had to be active, put myself out meeting people, and try new things and then gradually more opportunities began to arise. You are placed out of your comfort zone, but that was something that I had to do which arguably turned out to be the best decision that I have made.
I would say that it would be a combination of those things. SBC: What, for you, has been the most memorable moment during those 10 years? So, going on to sponsor a Premier League team for me was a massive deal. I had my mum there with me when I was holding the jersey on Sky Sports News, which was something that definitely stood out for me.
SBC: What would be the advice that you would give newcomers to the industry? PF: Firstly you need to remember that nothing happens overnight, everything takes time. You might sometimes think that some people have become overnight success stories, but you really have to be ready to put in a lot. And for me, you can start at the bottom, and work your way up - it might take you 10 years, but it definitely can be done.
You do need to take risks, and you need to push yourself out of your comfort zone. I would always recommend to anyone in any industry that if there is an opportunity for. It will help significantly broaden your horizons.
PF: More success, hopefully! I just returned from one of my best holidays in recent years. We had a family trip to the island of Rhodes in Greece, one of my favourite places to visit where I lived for a year and spent every summer while I was a student. Rhodes is an amazing island with a lot of history and beautiful beaches, as well as a vibrant nightlife and great food.
And a decent casino! My music taste is quite diverse and it varies depending on the mood, time of the year or environment. Therefore, I don't usually stick to one album but I enjoy the diversity of music that Spotify offers. However, one of my all-time favourites is Frank Sinatra and his Greatest Hits album. After all, 'Strangers in the Night' was the first dance song at my wedding.
It's hard to point out just one but I will go with the football Euro qualifier at Wembley in between England and Montenegro - my home country. Being there with some of my friends to support Montenegro and watching us almost defeat England in front of 73, people. Too bad the ball hit the crossbar a couple of minutes before the end of the game and it stayed at - a win would have been a perfect ending to a great evening!
I don't remember watching a very good movie in a very long time; it seems that mass production kills quality. Apart from the classics such as The Shawshank Redemption that is on my list of the best movies of all time, in recent years I shifted to watching more interesting TV series, with The Sopranos and The Wire making my top list.
This book helped me self-reflect and learn about some very interesting views and approaches to leadership that I hope will help me in improving my own leadership style. I also enjoyed participating in a pool betting league where I competed against the great Sven Goran Eriksson and Harry Redknapp and ended up 2nd at the end of the season.
The Sports Betting Hall of Fame was curated to recognise the individuals who have contributed a great deal to the industry over the course of their careers with a lasting legacy. The purpose is to honour, preserve. This is why I was so happy to accept the offer to join the sports betting pioneers who have already been recognised for their contribution. There are many innovative people driving the sector forward and providing entertainment to millions of customers every week, so I am humbled that I have been picked out to join the Sports Betting Hall of Fame this year.
JA: I am honoured. JH: It is of course a great honour to be inducted, especially as a non-industry person. And looking at the work done by the previous inductees, I must say that I am in good company! SBC: What are you most proud of in your career? And what would you do differently? JA: I have had a long and interesting career spanning three industries property, hotels and gaming.
I have been been upfront in my dealings with people throughout. I have enjoyed the highs and learnt a lot from the lows. SBC: As someone involved in the first set of gambling sponsorships at , has the recent advertising crackdown surprised you? Are we heading for a Europe-wide ban? JA: Nothing surprises me when it comes to regulatory change or advertising crackdowns.
This industry has always faced regulatory headwinds, and a European wide ban is possible. There is still so much to be positive about. SBC: How effective were those early. JA: The thing that really kick started things for , or casino-on-net as it was known then, was a decision to buy up all of the distressed online ad inventory we could get our hands on following the.
We felt it was massively underpriced and looking back we were right. At the time, we were one of the top five advertisers on the net across all industries. The key aim of our sponsorship push was to get our brand on UK TV.
This was before the Gambling Act, which saw the introduction of TV ads for gambling firms. We were very disciplined, and every activity had to be responsible for itself. We focused on ROI and were able to grow the budget cost effectively, and quickly. It was a very successful period for the company.
Would they be the same challenges as a gambling IPO today? JA: When I look back at the market now, at the time it was down. Our confidence in our product came through strongly. We were a very professional outfit by the time we floated. The timing was critical, and we made sure the institutional market was focused on our brand. There does not seem to be the same excitement in the industry, not in Europe anyway.
Perhaps we are seeing the same kind of excitement now in the US as we saw in the early days in the UK. There are reputational issues in Europe that need to be addressed. You have to be both creative and resilient to succeed in this game. SBC: Did you go online looking to make a bet that day or was it something you did on impulse when you came across the Intertops site? JH: I had been sport betting locally in Finland and then I found the Intertops site probably through one of the first search engines available or from an online advert.
I saw the service and became interested by the user friendliness of betting online. I also liked the variety of betting options. The odds can't have been long? JH: I have to admit, the first bet was also a test. I wanted to see how the financial transaction would work and reassure myself of the viability of betting online through Intertops.
But they turned out to be reliable in all aspects of betting online. So I placed a bet on Tottenham winning. I guess back then large volumes of simultaneous bets might have. SBC: Do you still bet in your spare time? What keeps your interest? JH: Yes I still make sports bets online, as a hobby of course. I usually make bets on Premier league matches and in the winter time I make some bets on NHL games us Finns are in to ice hockey of course!
And the Premier League matches just got even more interesting for us by the introduction of Norwich into the Premier League with their Finnish striker Teemu Pukki. He scored a hat trick in the match against Newcastle. Did you see the second goal, a halfvolley kick… that was unbelievable!!!
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Each EU state has its. The consequence of this is 28 very different sets of regulations and 28 different sets of customer experience. You need financial power, a clean corporate structure and individual backgrounds, as well as strong local partners to succeed. The way there, however, is long and tedious. Also, technical integrations with local regulators including geo blockings are not that easy to deliver. In addition, new sports point by point trading with fast paced, rapidly changing results.
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The line, which opened at 2. The total opened at Lamar Jackson finally silenced his critics earning his first career playoff win last weekend leading the Ravens SU, ATS to victory over the Tennessee Titans. Baltimore, on a seven-game winning streak, has posted an amazingly lucrative ATS record over that span. The Ravens could have a huge edge in this matchup - thanks to the most dominant rushing attack in the league led by J.
The rookie running back has scored at least one rushing touchdown 7 in his last six games. Josh Allen and the AFC East champions posted a lucrative ATS record over that span - seeing their amazing eight consecutive covers versus the spread come to an end last weekend when they failed to cover the 7-point spread in their win over Indianapolis. The loss of running back Zack Moss ankle for the remainder of the playoffs leaves Buffalo leaning on Devin Singletary on the ground thus making him a very attractive target in DFS.
A move towards the over has received sharp support as Buffalo played three of their last four to the over; as well as seven of the last 10 The Ravens, who have ramped up their play on the defensive side of the ball, have played three straight to the under after going to the over in their previous five games. The Ravens, who are ATS as an underdog this season, are being looked at as the most likely of the four underdogs by oddsmakers to come away victorious in the Divisional Round.
In addition, Baltimore's head coach John Harbaugh has guided the club to the most playoff road victories in NFL history. The Bills surrendered the sixth most rushing touchdowns 21 to opposing running backs in the regular season - while also allowing an additional rushing score last week in the wild card round to Colts rookie running back Jonathan Taylor.
Buffalo now faces a potent running attack featuring a talented rookie with a nose for the endzone; evidenced by at least one rushing score in six straight games. Britt Reid, son of Chiefs head coach Andy Reid, was placed on administrative leave following a car accident that left a child critically injured. A bloody hunt. A ghastly attack. And a state divided on what to do about the black bears that humans encounter hundreds of times per year.
Looking back at the late Marty Schottenheimer's best teams. Buccaneers head coach Bruce Arians made two things clear during his speech—the band will stay together, and they're going for two. The bot will move sequentially through the days events that have been loaded depending on your your selections and criteria set.
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