Betfair Official Blog

Great Oaks from Little Acorns Grow

"In the beginning, when we were winning, when the smiles were genuine..."

Basic Rules of Gambling # 1: Never lose more than you can afford!

Hence my first act upon activating my Tradefair account is crediting the account with some 'seed money.' This amount is my failsafe trigger, and my account should not fall below this during my trading week or, escape clause alert, should only fall below it for a small period.

Clearly, the volatility of financial markets means keeping your eye on the ball is essential. A trip to the toilet could cost you as much as it cost George Michael. I recommend a monitoring combination using Yahoo finance and eyeball to judge where the markets are and where they are going.

Over the coming weeks and months, I will be updating you with my success and failures playing the markets, and in the process hopefully those of you keen to start betting with spreads and binaries will feel inspired enough to give this exciting new world a ride.

So there we are, I am ready to trade for Week One. £500 in to seed and here we go.

Running month P&L: £0
Lesson learnt today: New things don't always smell new. Particularly if they are online.