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Postby Zenyatta » Thu May 24, 2012 5:13 am

Consty1 wrote: However Horse Racing markets still elude me, I just can't seem to grasp what's required. I feel like I have a decent knowledge of a whole host of market indicators but something just isn't clicking.

The issue seems to be knowing something in theory but struggling to implement it in practice. Actually a major issue I have is when there's say 3-4 horses with similar prices, in this situation I just can't seem to pick up a relationship between the movement of one horse on the other. It's like I'm guessing instead of knowing which horse will be effected by another's movement. I've played around with a couple of volume charts in Excel to give me a better idea but it hasn't helped enough really.

I'm almost looking for racing markets with two clear favourites now just because I know the relationship between the two will be strong and easily readable.



Same with me. I feel I understand the horse racing markets perfectly well now, but I can't trade manually, I just keep getting blown away. Trouble is I think that bots have gotten so powerful and precise nowadays it's just too hard to compete manually for all but the simplest markets (for me anyway). It does work for me when I put my systems on automated spreadsheets. The weakest link in trading is traders, so automation is the way to go.

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Postby Consty1 » Thu May 24, 2012 4:54 pm

Yea I've got to the point where I'm just going to knock racing markets on the head and admit defeat. I've put so much into it in terms of effort and have basically got zero back. Despite thinking I know what I should be looking for it still feels completely random to me.

I remember buying BA and thinking that the racing markets were something I could get on top of with hard work. I did the same with poker, taught myself to play and worked my way through the micro stakes to mid stakes but this is in another league to that.

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Postby Zenyatta » Thu May 24, 2012 5:45 pm

I've been looking at it for nearly 2 years now on and off, definitely the UK horse racing markets are hideously hard, and if I'd known just how difficult it was, I'd never have tried it.

I did find a few edges though. There are simple ways to win on all types of market you know. But even knowing exactly what to look for it is STILL hard to win.

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Postby Alpha322 » Thu May 24, 2012 10:24 pm

Zenyatta wrote:I've been looking at it for nearly 2 years now on and off, definitely the UK horse racing markets are hideously hard, and if I'd known just how difficult it was, I'd never have tried it.

I did find a few edges though. There are simple ways to win on all types of market you know. But even knowing exactly what to look for it is STILL hard to win.

Still think the pre race markets are the best to make profit, automation i only use on football if i really must.I think reading the pre horse race market requires alot of constant hard effort and skill. You have to learn to take the losses and get out of them as soon as you are wrong, i always get out one tick against me and re evaluate. I think i lose more on inplay football than i do the horses Keep at it, it took me three years before i started seeing progress

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