Chasing your losses when trading on Betfair? Here’s what that spiral leads to, and how to tackle it?
You have just lost on a trade on Betfair, you feel terrible why did it lose? Why does this keep happening? Then smack right in the stomach you get that daunting feeling that you have lost money again while trading on Betfair and the next stage is always the worst its that out of control panic that forces you to find the next available market that you think you have an angle on to get the losses back….. after what feels like no time at all you have gone full tilt and now you have spiralled….
It is a feeling that all traders on Betfair have had, one that we know we shouldnt but right there in that moment we are powerless to resist we have to win that money back, we cannot lose….
In this video from Ryan Carruthers from Betfair Trading Community I am going to go into detail about chasing losses on your trading on Betfair and how it is costing you, I will cover some things on how to tackle it was well.
There is one big take away I want you to get from this video, let me know what you have taken away from the video in the comments below?
This video forms a series of videos around this topic taking you through different stages of trading mentality on Betfair produced by Betfair Trading Community, you can see them all on http://www.betfairtradingcommunity.com
#Betfair #Betfairtrading #tradingmentality
Royal Ascot 2019 Offers
|10BET||Money back as a free bet if your horse finishes second by a head or less in all races. £10 Max|
|10BET||Place a £5+ bet on any horse race (min. odds 6.0). If you win, accept the pop-up & get a £5 free bet. (Opt-in, one free bet per day!)|
|BET365||Back any single winner at 4/1 or more on any race televised live on ITV or ITV4 and you can have a risk free bet to the same stake (up to £50*) on the next race broadcast live by ITV Racing.|
|BETFAIR||Place a single bet in any live ITV Race at Royal Ascot & if your horse wins at SP odds of 3/1 or greater (Racing Post decision final), you will receive a free bet to the same value of your stake, up to £25|
|BETFAIR||Place a bet of up to £10 and get your stake back as cash if your selection trades in-play at 1.99 or less. Win market only. Minimum odds 4.00. (14:30 & 16:20 Ascot)|
|BETFRED||Back a horse in any race from Ascot, and should it finish second by a neck or less, we will refund your stake as a free bet up to £10. (Min 5 runners)|
|BETVICTOR||Place a bet on any British or Irish horse race and if your selection refuses to run, get money-back on your horse|
|BETWAY||Money Back as a Free Bet if your horse comes Second on any ITV race. (Max £20, min 6 runners)|
|BETWAY||Bet £/€10 on the 15.40 or 16.20 race at Royal Ascot from 18th June - 22nd June, and we’ll give you 40 Bonus Spins on our Final Furlong slot|
|BOYLESPORTS||Free Bet if your selection finishes 2nd or 3rd to the SP favourite at Ascot (Max £20, min 5 runners)|
|BOYLESPORTS||Weekend Hot Slot offer - Stake £/€20 on Frankie Dettori’s Magic Seven between now and Sunday. Get 20 Free Spins automatically on the same game. Any winnings generated from playing with the Free Spins (FS) will have a 5x wagering requirement|
|BWIN||MoneyBack Upto £10 if 2nd or 3rd to SP favourite - The biggest week for UK Flat Racing of the year. Royal Ascot. Get your MoneyBack if 2nd or 3rd to SP favourite IN CASH on two races EVERY DAY - Tuesday: 2:30: Queen Anne Stakes 3:05 Coventry Stakes - Wednesday: 2:30: Queen Mary Stakes 4:20 Duke of Cambridge Stakes - Thursday: 2:30 Norfolk Stakes 3:40: Ribblesdale Stakes - Friday: 2:30: Albany Stakes 3:05: King Edward Stakes - Saturday: 2:30: Chesham Stakes 4:20 Diamond Jubilee Stakes|
|CORAL||Place a win or each way single of £10+ in any live ITV race and if your horse wins, we’ll give you a free bet to the value of the winning distance in lengths, up to a maximum of £10 per race|
|GENTINGBET||Place a single bet of £/€10+ (£/€10 E/W) or more on the Diamond Jubilee Stakes at 16:20 BST Saturday and get a £/€10 free bet if your selection loses and Blue Point wins the race|
|JENNINGSBET||Stake back as a Free Bet up to £20 if your horse is beaten into 2nd by a length or less at Royal Ascot|
|MANSIONBET||Simply place a £5 win or each way single bet on our selected Flat race meeting and if your horse is beaten by a Head or less, you’ll get your money back (up to £25) as a Free Bet! (Ascot)|
|MANSIONBET||Royal Ascot Free Bet - The thunder of hooves, the roar of the crowd, the flick of the whip – immerse yourself in the excitement of Royal Ascot and claim a £10 Free Bet every day. Log in and opt in to the promotion. Place £50+ single bets daily on races at Royal Ascot. Accept the Free Bet pop-up once the bets have settled|
|PADDYPOWER||Place a bet of up to £10 on the 14:30 Ascot, this Saturday 22nd June and get your stake back as a free bet if Lope Y Fernandez wins|
|RACEBETS||Get your money back as a free bet up to £10 on all losers if the SP Fav wins the 16:20 Royal Ascot|
|SMARKETS||Smarkets have a fantastic enhanced £50 risk free sign up offer for this week's Royal Ascot festival. Yes get £10 risk free on the 16:20 race every day of the 5 day meeting|
|SKYBET||Place a bet on the 14.30 Royal Ascot. If your horse finishes 2nd we will refund all win singles and the win part of each-way singles as cash up to £/€20 within 24 hours|
|SPORTINGBET||Money back as a cash if 2nd in the 2:30: Albany Stakes & 3:05: King Edward Stakes|
|TOTESPORT||Back a horse in any race from Ascot, and should it finish second by a neck or less, we will refund your stake as a free bet up to £10. (Min 5 runners)|
|WILLIAM HILL||Money back as cash if your horse finishes 2nd at Royal Ascot. First bet qualifies, race winner market only, min stake £1, min odds 3/1, 4+ runners. (Max £10)|
|WILLIAM HILL||Scratch of the Day - Get a £5 free bet when you place a £10 bet on Horse Racing|