Betfair Trading - How much money can you make? What is a sensible target?

In this video, we explore a crucial question for Betfair traders: "How much money can you realistically make?"

Many aspiring traders dream of hitting massive numbers, but the truth lies in a structured approach to trading and profitability.

I'll walk you through my personal experience of developing a completely new trading strategy, sharing key insights that apply whether you're a beginner or have some experience.

You'll learn why setting arbitrary monetary targets can harm your trading, and how market characteristics change throughout the week, affecting results. I'll also explain why focusing on trading specific markets, refining strategies, and understanding win/loss dynamics are essential for long-term success.

Whether you're looking to refine your existing strategy or starting fresh, this video will provide you with actionable steps to help improve your trading results over time.

00:00 - Introduction
00:46 - Don't set arbitrary profit targets
03:01 - Master one thing at a time
05:35 - Winning isn't profiting
07:14 - Don't expect to make money instantly
09:17 - How to set realistic targets
12:14 - Summary

#betfairtrading #betangel #bettingtips

[GHarrison-cj]

When I was in business it was always the chase that was exciting, yes you need to make a profit but that would come, love getting 1 pound and turning it into 2 pounds

[timporter]

really good video when I was 1st trading the tennis markets I was trading all different tournaments soon found out that did not work you need solid tournaments ATP AND WTA and the grand slams are most ideal tournaments

[mmafightcoach]

Wise advice Peter. Very encouraging. Thank you.

[pgeezy]

What do you think the threshold is for your max trading when it comes to the gold cup and also when it comes to a class 6 sprint at southwell on monday ? Like how scalable is it before you get caught out in general?

[RattyfromInsideFPV]

My current "target" is to trade 5 horse races a day. No P/L expectations, just building experiance and time in the markets. I hope one day that i will be able to look at markets even half as well as you, Peter. Thanks for the help and for keeping BA running.

[peterscott]

What do you make of the state of inplay? With liquidity way down & pictures so far behind? A lot of traders I know use drones.
Last year only 1-2 people did. Now almost all of the folk who were doing inplay now use drones

[andyserkiz]

James P. Carse wrote a book called Finite and Infinite Games. You're a basically saying in this video the same as he in that book which is - play an infinite game. Those who play finite games always will lose.

[darrenjordan]

If you don't set a target how do you know when to stop for the day?, especially on a Saturday

[melvin]

I think, once you get the hang of it, it is very achieveable to profit, on average, 5 to 10% of your staking amount per race.

It will be quite motivating to be good at 2£ stakes and then calculate where you can be working towards with 500-1000£ stakes. But scale up slowly

[gezprior]

My greyhound strategy performs well everyday….except Monday’s, I had 3 losing Monday’s in a row so today (Monday) I didn’t trade it.😊

[eyeshezzy]

You are the maths teacher i never had😅

[peterscott]

is trading your main income? Or do you now make more money elsewhere? Property?

[aaa-kyds]

Great video Caan. I made near £12k before I called it a day due to "premium charges".