If you are trading with a serious background you will have experienced paper trading. It is not very spectacular, but it is a safe way to test your new strategy or idea.
The problem with paper trading is you just write down the odds when you back and lay a given selection. Paper trading on the pre race horse market can be very inefficient. You need to make fast decisions based on the action in the market, so writing down your trades make it very difficult to follow the market.
Many people trying to learn trading with small stakes, but at the beginning they are losing money. Even if it is a small amount per day, they are just losing money.
When I am reading forums and articles related to betting and trading I always have my eyes open on new things which can help me to make more profit.
Today I found two pieces of software BetFairAndSquare and OddzBreaker, which provide a simulation mode for trading on sport events. Before I continue I just want to mention that I do not get money for writing about it, so this is not advertising, just sharing some news.
Here are some screenshots:
BetFairAndSquare
OddzBreaker:
If you have any experience with both solutions, please feel free to drop a comment.
Cheers, Loocie