I had some problems last night where I had a trade that I thought was in place, lost internet connectivity and by the time I managed to react it was too late.

I have a grand total of £10 left in my bank but this is the first time I have had a bank crash.

Are there any good strats I can use to build this up from such a low amount? I know it sounds like a rediculous question but just wondering

Obviously £10 is a very low bank to trade with. I suppose the 1st consideration is that Betfair min bet is £2. If you want to trade with sums lower that £2 then you will need some trading software (as I'm sure you know, trading software will automatically place trades of less than £2 for you).

Personally I would not try to trade with such a low bank. I have lost banks in the past (3), and every time I lost a bank, I just saved up until I felt I had enough to have another go. I have not learned my lesson though as I still cannot resist a punt...however, because my trading skills have improved a little, my bank is lasting longer!

Good luck...hope you manage to build up your bank soon.

I had a look and only really used about £250 of free bets from online bookies so I am heading back to that to get some money together. While I am doing that I will do some paper trading.

Does anyone know if betfair have like a fun wallet? Or even betdaq?

Ntrailz, a lot of money can be made from matched betting. My bank has came from that. £250 is a drop in the ocean. It can be time consuming, but that's the way to go.

Out of curiosty, what kind of staking plan are you using. I stick quite rigidly to 10% liability of my bank max, others do less than that. If you used a sensible staking plan you would have only lost a 10th of your bank. Or at worst, traded 3 or 4 matches simultaneously, lost internet connection and been done on all trades, still only losing 30-40%

From the hundreds of posts/threads/articles/manuels I've read, the one rule that keeps coming up is "protect your bank". This includes unforseen circumstances like shit internet as well as careless trading.

Word Longy, one of the fundamental rules ive learned is to never have more than 10% liability out as you said.

In my progress to extend my knowledge of english, can you please explain what the term of "matched betting" means

I have to admit I was way over my usual. Normally I go for 10% but had a bad run and it didn't work. I thought I would have learned to not chase losses after a bad run I had before but I have definitely learned it now.

I have also learned that there is no rush to build up my bank. I think that was a bit of a problem of mine.

I have now learned the hard way against:

chasing a loss
greed
proper pre-match analysis

I have also learned to take a loss as well so hopefully once I get the money back together I won't go through that stuff again

Nick,

To quote the Bet72 site - "Matched betting is a technique involving backing and laying (on a betting exchange) an event in order to win regardless of the outcome using the free bonuses that are on offer as the stake money, thereby making risk free profit."

Check out their site here www.bet72.com, it has all the info you'll ever need to get you up and running.

I see Bugsy, thanks for the explenation. Im well known with the technique. Its how we al build up our bankrolls at the start

£10! That's how I started trading back in Feb 2008 using the horse place markets to begin with. By August it was over £1000 and I'd made £5000 or so after 12 months. It can be done, though it obviously takes time and dedication - not to mention, never going in-running.

What techniques did you use for this? I never really looked at the horses