How to deal with variance
In this video, Mikael explains the risk strategy and teaches you how to cope with value betting variance. Check it out!
Comment below what you think about the video and let us know how you feel about the rocky ride of variance!
Please also subscribe to our Youtube channel for more videos.
For me, I’m used to doing low risk matched betting and casino offers so I’m already used to the idea of variance. For others, it can be a bit of a shock when you have a run of losing bets and see your profits going down.
You train your mind over time to cope with it, once you’ve got used to it then it’s much easier to just place bets without thinking about whether it’ll win or lose. I’ve jumped straight into this and started placing bets without even thinking of the outcome, some win, some lose, I don’t even know which ones win or lose I just see the profit going up over time.
The same mindset is required for Betfair trading, you have to just get in and out at the best points without worrying about a losing trade. Once you have more wins than losses and can do it without emotion or being tempted to gamble, you’re alright.