What is this blog about?

It's probably a bit late in coming, but I thought I write a post about what this blog is meant to be about and why it is called what it is.

I first heard about Betfair and the idea of bet exchange trading from my father. He was always interested in anything new and interesting around the area of value betting, etc. He told me the idea behind Betfair over the phone one day, after he had read through a booklet about bet exchanges. I listened and found it interesting but it didn't really appeal. A year or so later, my father sadly passed away and I discovered the booklet as I was helping sort through his books. I read it on the spot and wanted to know more. I had dabbled with horse racing years gone by and the idea of being about to lay appealed. I googled the internet, hungry for info. It was here that I discovered the story of Adam Todd from Racing Traders (you can read his story on their site). He had started with a bank of £200 and turned it into £100,000 in a few years. I was inspired! I also found the blog of the betfair trader who was trying to pay for his wedding through trading on the betting exchanges (and has done. Well done man). The story of going from £200 to £100,000 was where I got the blog title (not too original, but it was the original inspiration). I thought, if these guys can do, why not have a crack at it, so I am. Okay, I'm a long way off and I don't pretend to be anywhere near the standard of these guys, in fact I put my hands up and say I have a hell of a lot to learn, but I'm enjoying the journey and this is where I write about it.

The thing that I find really interesting about the whole trading thing, is the psychology behind it. Trading brings out the full range of character traits and flaws. Prices move on emotions such as greed and fear. We unwittingly employ unconscious responses to potential loss. This stuff fascinates me and is an area that I like to post about. I have a background in NLP and hypnosis, which I feel ties in pretty well with this stuff.

So, that's about it. I've got a long way to go and I'm up for the challenge and am enjoying the game.