The Thoughts of Chairman Alfie

A blog about Life, the Universe and Betfair.

Name:

Happy with life. Healthy.

Friday, March 23, 2007

Its been a funny old year

I let the blog go silent for almost an entire year - shame on me. But I am back fulltime from April 13th almost a year and a day after my last post here.

What have I learnt in the last year;

- every successful long-term strategy I have found includes an element of trading

- betfair historical data is useful but a pain in the harse to analyse. Once the event finishes it is difficult to track how the prices changed over time, and what volumes were matched. I spent weeks trying to get to grips with the Premier League HT and scores markets. Data size and lack of good time related data was a real problem.

- that my discipline is strong. I have been very selective and its working.

What will the next year bring?

- well I am going to start with a charity challenge in conjunction with OLBG. More details to follow, but hopefully I will raise a few quid for a worthy cause and educate a few others. Lets hope its more red nose day than red face day ! I am hoping that by including a charity element the Gambling Gods smile down upon me. Contributions from OLBG members are expected, especially if they want advance notice of what bets I have done rather than an end of day summary. Ant & Co have already promised 200 quid - cheers guys.

- hopefully I can avoid the four word stuff WORK. The rat race is for rats not intelligent people.

- second income streams are vital. I have in the past been critical of tipsters charging for their tips so I am not sure how I will solve this moral dilemna. Maybe just offering 1-2-1 sessions to people wanting to improve their gambling will be sellable, but I know you can't teach discipline and thats the vital element to long-term success. Maybe affiliate links, but most would be pro's are already fully loaded with new accounts. Maybe I should write my second book? My first was a limited edition of one, as a gift to The Love Goddess.

Anyway folks, feedback welcome.

0 Comments:

Post a Comment

<< Home