Grassman20 said:
<p>News from SmartLiveGaming.<br />
After they corrected my account balance they have now again deducted 84€ from my account balance without giving me a reason.<br />
Thats so stupid.<br />
I have sent them an email given them 3days to correct my account balance before I will take further steps.<br />
There are only idiots working at SmartLiveGaming.</p>
I have heard of this happening before to a friend of mine and it was sorted out within a few days. If you have screenshots or account history it will help although my friend had neither and it was still resolved. It happened after they did some maintenance / upgrades to their site. Smartlive are usually okay sorting out problems, but they can be bad with bonuses - especially when you have to email them to get it credited.
Anyway in regards to trading, I mean backing a selection and then laying a selection when the odds move in your favour. You could also lay and then back also.
It does involve risk - you won't win every trade but you can cut your losses to a a value you are comfortable with, and there isn't really a great deal of tips to give someone. You will find some good advice when you look around, but it's something you always learn as you go along.
There are lots of different trading types, but the 2 main ones are scalping and swing trading.
Scalping involves for example backing a selection at odds of say 7.8 and then laying off 1 tick down. So if you backed at 7.8 you would lay the next lower price which would be 7.6.
Your calculation would be similar to that of a back and lay arb or surebets.
Swing trading is similar but you are going for larger odds movements - most popular in play during events such as tennis.
If you have used an exchange before and know how they work, then do some research and Google it.
There's a few decent bits of software you can use to help, you will need a little bit of knowledge and practice to get the hang of the software though.
My personal opinion to start learning to trade is using football and is a method called lay the draw. You'll find loads about this through Google searches.
It basically involves laying the draw and trading out after a goal is scored but it isn't quite as simple as it sounds. You will need to research statistics of games / teams to find a potential trade, you will ideally want a game where there is an odds on favourite pre match (less than 2.00) and you don't want to start the trade if the lay odds are above 4.00 You will usually have to lay in play if the favourite is at home.
You can do this before a game starts or in play, but only if the game is still 0-0 in play.
If laying before the game, then search a stats site for the teams record such as goals scored in the first half, results between the two teams previously, whether the team usually scores first, defensive records etc...
For example - my hometown football team afc Bournemouth this season have scored first in every home game apart from one this season. So if the lay odds were at 4.00, you would lay he draw then cash out once the goal is scored.
You do need to prepare for losses however you stop this when it gets to evens, so you only lose the amount you put up to lay. So if you lay £25 @ 4.00 your liability would be £75. If there was no goal when the odds go down to 2.00 in play you would trade out for a loss of £25.
You do need research to do this if you lay before kick off as if the underdog scores first, then the draw odds shorten rather than drift.
You can do the same in play - its best to look at the inplay stats on bet365. If a game is 0-0 after about 25 / 30 minutes and the favourite has had quite a few shots on target and a few corners, then you can lay the draw on that match and wait for the goal and trade out.
Im a bit drunk at the moment and tried to roughly explain as well / easy as possible so you understand what I mean by trading and give an example.
Lay the draw is the most well known, and a good place to start if you wanted to look into it. It works so well because of the general statistics on draws, particularly the top leagues in Europe. The premier league for example averages over 2.5 goals per game and 40% of the games are draws at half time, of which just over 30% are 0-0. Less than 10% of all premier league games finish 0-0, so its easy to achieve a decent strike rate.
I personally start my trades in play rather than before kickoff, but now mainly concentrate on horse racing which is more difficult for a novice or new trader.
I have just tried to give you an overview / basic idea so don't jump in head first. Lay the draw trading I do believe is probably the best starting point to pick up trading.
I know I'll probably get slated or abused by some hardcore products trader for what I have written, but I was trying to be brief and make you understand what is meant by trading on exchanges / give you something to look for. I'm certainly not a professional, but it's enjoyable and does add some extra cash to my bank balance.
Oh - another important thing is liquidity - always make sure that enough money has already been traded (or matched as you'll see written on the market page) anything less than £50,000 will usually mean there are gaps between the back and lay odds which can hinder decent trades.
Hope this helps you understand what trading is. I'm not a professional, so do some research if you're interested.
