Sportstrading


And finally, a dozen Do's and a dozen Don'ts.

Some are pithy, most are deadly serious, but all contribute to a blueprint for successful sportstrading. 


If you have any questions about any issues raised in this site-- or any comments positive or negative -- do please feel free to email sportstrading@rocketmail.com

(Your email address or email content will never be disclosed to any third party. Ever!)


  • Do withdraw your profit weekly. Only keep the necessary trading funds in your Betfair account.
  •  Do exercise patience when necessary. Avoid the tendency to have a trade just for the sake of it.
  • Do set a stop-loss to your trade -- maybe fixed at 5% maximum loss -- and stick to it.
  •  Do subdue your opinion of a likely outcome  to the opinion of the market. Your view may be the correct one, but it is the market opinion which matters. The market is stronger than you.
  •  Do try to predict the direction a market will take, even if you are not currently involved in a trade.
  •  Do try to practice developing your instinct.
  •  Do have some idea of an exit point.
  •  Do exercise flexibility. Different markets and different days will dictate their own strategies.
  •  Do be decisive when entering and exiting trades. Indecision and procrastination are for losers.
  •  Do have confidence in your ability. Confidence is the one personality trait common to all successful traders.
  • Do be in a clear mental state when trading.
  • Do trade selectively -- always conscious of risk and reward.


  • Don't "cross the spread" if at all possible.
  • Don't let a trade go "in-running". Close the trade completely before an event goes live.
  • Don't overtrade. After a run of profitable trades, the urge to increase stakes and to get involved in unknown markets  can be a temptation. Resist it!
  • Don't get actively involved in more than one market at a time. Trying to monitor multiple markets will lead to confusion and subsequent mistakes.
  • Don't trade with "scared" money. A fear of losing cramps your style. Lose the fear.
  • Don't exceed your allotted risk capital on any given day.
  • Don't get distracted - focus on what you are doing. 
  • Don't trade on "hunches".
  • Don't get emotionally attached to a trade gone bad. Get out with a small loss.
  • Don't consort with your enemies -- Anxiety, Fear, Anger and Carelessness.
  • Don't trade inconsistently -- overtrading on one market and undertrading on another. Keep to a plan and to responsible risk-management.
  • Don't trade after drinking. Together, drinking and trading make for an explosive mix

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