That was an excellent video. Well done for researching it.
@betangeltv7 күн бұрын
Thank you! I'm glad you found the video informative.
@Martin-oy4su7 күн бұрын
Wow.. this 05% was the figure in the early years, i just re-joined bet angle and the forum after 10 years absence, this was the first subject i mentioned last week, thanks for the update peter
@Jamesdscott19765 күн бұрын
I’ve worked for CFD trading firms. The clients are split into an A book “being those who will make money and hence will be hedged into the market” and a B book “being those who will lose and hence the CFD firm takes the others use of the trade”. 90% of traders are in the B book. It’s not 95% but it’s still pretty high.
@willywagtail41827 күн бұрын
Love your channel mate keep up the good work its much app appreciated!
@deanmorgan2467Күн бұрын
Hi Peter I really enjoyed this video, and I just thought to take an opportunity to ask you what's the story with Mahoning Valley? do they not like money? Or is it me.
@FootballTradingAcademyКүн бұрын
Simple math tells us that betting can’t be a 50/50 game. With commissions and premium charges, even breaking even long-term is tough. If some traders, syndicates, and professionals are making big money, then logically, a significant majority must be on the losing side-likely closer to 80% at best. The reality is, for a few to win consistently, many must lose.
@roccosannazzaro23478 күн бұрын
..dopo questa notizia mi sento piu'rilassato mentalmente,ho intrapreso questa attivita' a tempo pieno..ed e' sempre stato il mio sogno, grazie per questi consigli..la stimo molto👍
@GNMbg8 күн бұрын
are you trading from Italy? I guess mainly football ?
@ramius88498 күн бұрын
Cosa ne pensi di NowTrade ?
@roccosannazzaro23478 күн бұрын
Si principalmente calcio..mi piace anche il basket..
@harrogateflyer8 күн бұрын
Thank You Peter, top notch as always.
@keithharris39803 күн бұрын
I think what they are talking about when they say "95% of traders lose" is forex traders!
@dabaws46657 күн бұрын
the brokers report of how many who people lose money is not accurate its based on short term update i think 3,6 month they update it. it just snapshot of time so 70% who lose money doesnt mean 30% are profitable trader, those 30% will end up being becoming 70% loser in 3-6 month. consistently profitable trader is someone who can survive the market years and years over large period thats where 95% estimation comes from. even though no data to back up the claim ive read from pro traders who taught new traders in trading firm thats 3% people make it as traders and rest fail or quit
@betangeltv6 күн бұрын
The ESMA data is purely amateur traders, it excludes people who classify themselves as professionals. So if you add them back into the mix, the numbers look even better.
@Tiger-Bookworm8 күн бұрын
Thank you for the book recommendation, I've just ordered a copy. I'd love you to make another video with your top 10 books that sports traders/bettors should read. Thanks in advance.
@keithmccabe56827 күн бұрын
Peter - do you think there will ever be a market for CFDs on odds movements, allowing a similar leverage effect to stocks and shares CFDs?
@betangeltv7 күн бұрын
Not on traditional platforms. But there are some spread betting platforms out there which are similar
@loupasternak8 күн бұрын
CFD on stocks, benefit from the upward bias of stocks, assuming most CFD's are long plays . 95% is overstating, even in sports betting. but might not be that far off if you take a very long term view. less than that might lose in any given year, but what about a 5 or 10 year sample?
@betangeltv8 күн бұрын
I did have a section in the video about adjusting the time scale to longer periods, but it made the video too long, so I removed it. If you treat successful traders as independent events, then the chance of a long-term winner decreases. Skill becomes a dominant factor over many years. But I don't believe that one year to the next is independent. I've been successful trading for over twenty years and never experienced a losing year. I realise that's rare, but plenty do the right stuff year after year, even if that doesn't guarantee a result every year.
@loupasternak8 күн бұрын
@@betangeltv I agree, with this caveat. A certain percentage of winners in a given year will be from randomness . Hard to say what that number is , 10-20-30% ? . Those will eventually fall off into the loser bucket. As for winners , sure , you've done it , and many others have as well, all sharps, hard workers , and well deserved of success . Very hard to do over long periods of time , as the games change and you have to change with them .
@betangeltv7 күн бұрын
@loupasternak I agree, I often think people don't invest enough time to vary strategies and build on them. People often find something that works and sit there, rather than thinking it's probably going to change at some point.
@chriscarlin66577 күн бұрын
Link to that research on actual losses?
@betangeltv7 күн бұрын
Which one?
@johnristheanswer8 күн бұрын
When you say " no one can prove it " I'm sure Betfair could.
@niels14918 күн бұрын
Prediction markets are the same as betting exchanges but on polymarket you don't even pay fees at all. So it's a pure zero sum game. I seen numbers because it's on the blockchain and the majority actually lose.
@niels14918 күн бұрын
According to recent onchain data, only 12.7% of users on Polymarket, a decentralized prediction market platform for cryptocurrency enthusiasts, have managed to turn a profit. The majority, accounting for 87.3% of users, have seen losses, with most profits being under $100.
@thescallytrader8 күн бұрын
Hear is a suggestion. Ask 20 traders to provide their P&L on a set day for the previous 30 days. See how many are in profit and how many are losing. Anybody with a profit over £5k is excluded from the project as they will be deemed as Professional. Lets get 20 random punters to sign up on Feb 1st and reveal results on last day of Feb.
@betangeltv7 күн бұрын
If you omit winners then you will inevitably end up with losers. A lot of losses are created by not doing the optimal thing or silly mistakes. So if you can avoid that, I've found its enough to tip you on the correct side of the bell curve.
@Investing_Explained_7 күн бұрын
Sure. You also have to exclude those losing over 5000 then.
@thescallytrader7 күн бұрын
Hi Peter, I hope you are well. We wouldn't be omitting winners we would be omitting winners over £5k as they would be deemed habitual professional traders who are just going through a process. What would be left is your average Joe who is winning some and losing some. I bet you'd find that within that group, around 75% of traders regularly lose money over a 30-day period.
@thescallytrader7 күн бұрын
Why? We are trying to disprove 95% of traders like money. These are the people we are looking for. @Investing_Explained_
@betangeltv7 күн бұрын
@thescallytrader - ESMA figures exclude professional traders.
@kascebet9168 күн бұрын
20x on the nasdaq best way to build a bank safe enough
@kopthelotklopp15238 күн бұрын
But the interesting thing is……
@cuxixi697 күн бұрын
yes
@pgeezy23968 күн бұрын
So your telling me ...... I will more than likely lose 80% of the time rather that 95%......... Im in
@betangeltv7 күн бұрын
As I said in the video, that's the worst case scenario with no skill or effort.