Mike Bailey @slipperytoad
Trader: Horse Racing, Football 'The market makes mistakes ... wait for them, then strike.' Joined August 2009-
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Betfair traders trying to get matched at the Cheltenham Festival next week
Think in probabilities
Bayes’ theorem is probably the single most important thing any rational person can learn. So many of our debates and disagreements that we shout about are because we don’t understand Bayes’ theorem or how human rationality often works. Bayes’ theorem is named after the
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@MatthewTorbitt "We cannot solve our problems with the same thinking we used to create them". - anon Politicians created our problem. Politics is not the solution. 🤨
Yes, an obvious approach to reading pre-market sentiment
Before I start trading each day, I look at the racing cards. Here is why I do that - betangel.com/horse-racing-r…
The correct mindset for trading is to adjust what you are doing when new data is available. But probabilistic thinking often comes into conflict with our ego & our need to be right. This is one of the biggest challenges of trading successfully.
@BetfairCS promo.betfair.com/betfairsp/pric… is not up-to-date this morning, please advise?
Many have begged me for the holy grail of trading. I’ve kept it hidden—until now. It’s time to reveal everything. Read this carefully… 🏛️The blueprint of the consistent, profitable trader🏛️ ✅ 1. Edge -Trades a strategy with a clear, repeatable statistical advantage. -Has backtested it over hundreds of trades and knows the probabilities cold. -Doesn’t tweak the system constantly -Focuses on mastering execution of one proven method instead of hopping strategies. ✅. Risk mastery -Risks a fixed % per trade, calculated to keep losses controlled and capital safe. -Accepts losses instantly — no averaging down, no hoping. Only survives to play the long game. ✅3. Execution discipline -Follows the plan exactly, every time, even when uncomfortable. -Doesn’t skip stops, doesn’t move targets impulsively. -Trusts the system more than gut feelings. ✅ 4. Emotional composure -Does not let fear, FOMO, greed, or revenge dictate entries or exits. -Has faced drawdowns in backtests and understands the probability of losses, so they don’t shake him. -Views losses as the cost of running the trading business, not as personal failures. ✅ 5. Process-driven -Journals every trade, extracts lessons, refines. -Looks at batches of 100 trades, not single outcomes. -Obsessed with process metrics: did I execute my plan? Not just PnL. ✅ 6. Patience & perspective -Waits for A+ setups, sits on hands when no trade needs to be taken. -Thinks in years, not days. -Knows capital grows exponentially by stacking thousands of disciplined decisions.
No need to add me to the draw Mark 👊🏽
Retweet this tweet and I will enter you into a free draw at the end of the day for a free copy of the book checkya.com/lvk39x742nsio/…
@The_Odds_API, is there a problem with your data feed? Three of the four games listed have a home/away team discrepancies.
Excited to announce a one day conference for everyone looking to improve their sports betting. One lucky person who re tweets this tweet will get a free pass for the day. Tickets can be purchased below but do not delay places are limited eventbrite.co.uk/e/betterbettin…
The most robust, enduring edges in any market are related to behavioral psych. Human heuristic frailty is remarkably difficult to arb away even in the presence of rational operators. These anomalies are tricky to quantify. Therein lies the opportunity.
There is no easy way. Once you accept that, the path forward becomes obvious. At *least* 50% of any crowd is going around in circles getting nowhere because they insist on believing there is some hidden magic out there that will allow them to sidestep the work. Free Magic: Just. Do. The. Work.
🏴#PremierLeague Liverpool vs. Chelsea 16:30 #LFC #CFC Liverpool is in strong form, winning 6 of their last 7 matches, while Chelsea has 4 wins, 2 draws, and 1 loss in the same period, highlighting a potential for a competitive match.
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AK BETS @AKBets
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