The Golden Rule Of On Line Trading

In one word DISCIPLINE , the dictionary defines discipline as controlled and obedient behavior, i take this to mean that when
you trade you should trade. Do not let a bet ride, if you can lock in a guaranteed profit take it.
Two examples of this, i had a bet for Tiger Woods to win the British Open Golf Tournament 2006 . The bet was £100 to win £560.
After the first days play 50 golfers were within four points of the lead , some of the top golfers in the world including Tiger. There
were still three days to go and a lot of golf to play. I could let my bet ride and hope for a nice payday or i could trade the bet
and lock in a guaranteed profit of £193 should Tiger win , or £50 should he lose. For me this was a no brainier i took the trade.
Tiger did go on to win by two points but i was still happy with my trade.
Example two, the European Champions League final 2004-2005 A C Milan v Liverpool what an unbelievable game this turned out
to be. For gamblers and some traders this turned into an absolute nightmare , if you had backed Liverpool to win outright then
you had a good result,but if you backed Liverpool to win the match then you would have lost ,the reason for this is that bookmakers
rules state that you are betting on the result over 90 minuets and at the end of 90 minuets the score was 3-3. I know lots of traders
also lost a lot of money for one reason, lack of discipline, at half time with A C Milan leading three goals to nil they believed the game
was over and did not feel it was necessary to lock in their profits, in the space of seven unbelievable minuets Liverpool were level
and the undisciplined trader was looking at a big hole in their betting banks. When gambling and especially when gambling on sport
you can not take anything for granted when the opportunity presents it's self to lock in profits take it.
TheBetting exchanges and especially Betfair the largest of the exchanges has now given ordinary gamblers like you and me a real chance
to make a good second income or to even a full time living out of our gamling.

For more information http://www.footballbettingstrategy.com