This week has been a little less dramatic than my first week, with some steady growth from Monday to Sunday. As I mentioned last week, it’s so important to stick to the process and place as many trades as possible, because more trades = more profits. Have a look at this article we wrote last week analysing all of the Trademate users data, this proves that point!
Instead of telling you what I can improve on this week I want to point out some interesting things that have happened in the last week and some common trends I’m noticing.
1) Betfair email
Midway through last week I received an email from Betfair. To summarise the email, they said that after a careful review of my account, they are letting me know that my account is not eligible for their promotions such as Sportsbook, Exchange, Best Odds Guaranteed and much more. Although this doesn’t affect my trading at all, I’m wondering if they already have a flag on my account after making some money ($38 currently) with them. This could be the first step to being limited by them, but we’ll have to wait and see!
2) Some staking recommendations
Speaking of being limited, I’ve been worried that placing the exact recommended stakes that Trademate provides could give bookies the impression that I have a strategy. So instead of placing $2 or $7 bets, I’m sticking with round numbers. Here are my recommendations:
Also, read this article on ways to keep yourself from being limited.
3) Bookie info
As you can see in the bookmaker breakdown, I’ve placed a lot of trades with CoolBet, who I would highly recommend. They have provided me with a high number of trades and are the slowest in terms of reducing their odds. One bookie that I wouldn’t recommend as much is William Hill, as I find their website hard to navigate through which has led to a lot of expired trades. I have also lost all of my $100 with them and this is a big reason why I won’t be adding more funds to that account right now. In hindsight, I should’ve left some of my bankroll to the side in case something like this happened. Also, I definitely don’t want to withdraw from one of my other bookies either as that will give them a reason to look more closely at my account.
Below are some screenshots of my biggest edge and biggest win, along with my biggest negative edge and biggest losing trade respectively.
Check out our Week 0 video how I got set up with my Trademate account and betting accounts here!
Check out how I went in Week 1 here!
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