Sunday, 18 May 2014

Life After Super PC

Lazy Trader commented:

How can someone call themselves a professional sports analyst when they've only made around £18K per year since they've been on Betfair.
Although compared to the majority of 'Betfair' trading trainers out there who don't even pay PC let alone super PC I guess Mark should switch to training like the tennis guy who was touting for investors
Mark has a less than optimal approach to trading, which was the topic of much debate back in 2012. The result is that long-term profits are reduced, and long-term should be all that matters, but when one has bills to pay and mouths to feed, the short-term results assume more importance. I'm not sure where that £18k a year figure comes from. I think Mark started around the same time as me on Betfair (2006) so in 8 years or so he has made an average of £31,250 a year, and presumably that was a much lower number in the early years and higher since going full-time.

However, the Super Premium Charge of 40%, 50% or 60% is likely to hit Mark in the pocket, and it will be interesting to see what adjustment's he is able to make. I have no idea how liquid BETDAQ's cricket markets are, but I know their NFL markets are poor in comparison.

As for switching to training, I think it's something Mark has done, or he is certainly considering. Last October, Mark replied to the Sultan saying:
Also glad to hear that things are going well in your Trading Academy. It’s something I’ve thought about doing for cricket in the past, so knowing you are making something similar work for Tennis is encouraging.
The world is always changing on us, and as I mentioned in January 2012: is the same in sports trading. Just when we think we have a market figured out, it changes on us, so it really becomes important to first notice that the change is occurring, and second, to adapt to the change and either find a way to continue to profit from it or move on. While it may be true that, as a group, “we’re not very good at that”, those who can adapt quickest obviously hold an advantage, at least until the rest catch up.
At least the Super Premium Charge came with a lengthy warning period - for some longer than others, but don't get me started on that again.

1 comment:

Emma Pilling said...

Very strange results regarding the draws this season in the main leagues. What parameter effects all leagues? What is your opinion on the affect of the World cup on the individual players psychology for this year?