Trading Greyhound racing : Greyhound Scalping and Trading

We've gone to the dogs.
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cybernet69

Fri Mar 25, 2016 10:07 pm

PeterLe wrote:Cyber
Nice work
Are these real trades or in practice mode?
Regards
Peter
Real trades.

Thanks,

PeterLe
Posts: 3378
Joined: Wed Apr 15, 2009 3:19 pm

Fri Mar 25, 2016 10:32 pm

Great work anyway - It makes all the effort worthwhile when you get something working
Look; Ill probably not be too popular saying this; but if you detail exactly what your doing in a public forum, your strategy will most probably stop working overnight as everyone will attempt to do the same thing.
Good luck (Keep good notes going forward if you make any slight changes so you can look backwards etc)
Regards
Peter

cybernet69

Fri Mar 25, 2016 10:43 pm

PeterLe wrote:Great work anyway - It makes all the effort worthwhile when you get something working
Look; Ill probably not be too popular saying this; but if you detail exactly what your doing in a public forum, your strategy will most probably stop working overnight as everyone will attempt to do the same thing.
Good luck (Keep good notes going forward if you make any slight changes so you can look backwards etc)
Regards
Peter
Thanks.

PS. I haven't given away all my secrets. ;)

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Crazyskier
Posts: 446
Joined: Sat Feb 06, 2016 6:36 pm

Sat Mar 26, 2016 10:31 am

[quote="tomallen123"]I tried creating a greyhound scalping bot but the problem I had was that there would be many big moves which made scalping impossible.
The price would be at 5.4 and someone would take it down to 4.5 in one hit and then it would continue downwards. This type of thing seemed to happen in most races, huge moves which took the lay and left me in a bad position.
I would get a few profitable scalps on the other runners but one big move on a dog and it would leave me in the red.
/quote]

Yes, I seem to get the same problem quite often. I can go on a run of 4-5 consistent winners only to have a lay pop in at say 5s then in a matter of a single trade of as little as £80 by others the odds are then 3.8 and continue downwards, leaving me with a big fat red amount equal to the previous 4-5 wins LOL

Frustrating to try to get consistent results over 1000+ sample size... I continue persevering...

And congratulations to Cybernet if you have indeed swapped the £100 liability simulation trades into real cash trades with the same success. The screenshots are incredible, I'm nowhere near that consistency!!

cybernet69

Sat Mar 26, 2016 10:47 am

Crazyskier wrote:
tomallen123 wrote:I tried creating a greyhound scalping bot but the problem I had was that there would be many big moves which made scalping impossible.
The price would be at 5.4 and someone would take it down to 4.5 in one hit and then it would continue downwards. This type of thing seemed to happen in most races, huge moves which took the lay and left me in a bad position.
I would get a few profitable scalps on the other runners but one big move on a dog and it would leave me in the red.
/quote]

Yes, I seem to get the same problem quite often. I can go on a run of 4-5 consistent winners only to have a lay pop in at say 5s then in a matter of a single trade of as little as £80 by others the odds are then 3.8 and continue downwards, leaving me with a big fat red amount equal to the previous 4-5 wins LOL

Frustrating to try to get consistent results over 1000+ sample size... I continue persevering...

And congratulations to Cybernet if you have indeed swapped the £100 liability simulation trades into real cash trades with the same success. The screenshots are incredible, I'm nowhere near that consistency!!
You need to take into account the back book% is before you fire the trades in. I trade every dog in the race, so the odds on all of them cant drop otherwise the book would be totally unbalanced which would lead to all the other bots and manual traders scrambling to take any odds on offer to close out their positions...

User avatar
Crazyskier
Posts: 446
Joined: Sat Feb 06, 2016 6:36 pm

Sat Mar 26, 2016 11:15 am

You need to take into account the back book% is before you fire the trades in. I trade every dog in the race, so the odds on all of them cant drop otherwise the book would be totally unbalanced which would lead to all the other bots and manual traders scrambling to take any odds on offer to close out their positions...[/quote]

So you have a condition of back book % being a certain figure? Also what you say about all dogs can't shorten at same time is of course true BUT if you've traded out for one tick on the ones that lengthen but lost a ton on the one or two that have a steam in, it still equals a loss overall.

My biggest issue is also the stop loss triggering far more often than a successful trade : - ()

cybernet69

Sat Mar 26, 2016 11:50 am

Crazyskier wrote:You need to take into account the back book% is before you fire the trades in. I trade every dog in the race, so the odds on all of them cant drop otherwise the book would be totally unbalanced which would lead to all the other bots and manual traders scrambling to take any odds on offer to close out their positions...
So you have a condition of back book % being a certain figure? Also what you say about all dogs can't shorten at same time is of course true BUT if you've traded out for one tick on the ones that lengthen but lost a ton on the one or two that have a steam in, it still equals a loss overall.

My biggest issue is also the stop loss triggering far more often than a successful trade : - ()[/quote]

There was a race last night whereby the market went completely mad, with spikes up and down. I still managed to green up for £33.00 on each dog. I posted the screen shot before the race started, which listed all the bets. However, this was removed by moderators here as I wasn't using BA. I have 20 triggers, 3 per dog, LTB, Close, Profit and 2 others to close out 10 seconds before the race starts regardless of overall market position.

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Dallas
Posts: 9541
Joined: Sun Aug 09, 2015 10:57 pm
Contact:

Sat Mar 26, 2016 11:56 am

Crazyskier wrote:My biggest issue is also the stop loss triggering far more often than a successful trade : - ()
A possible way round this is instead of using a stop loss use the rule type
"Close trade on selection with or without greening"
with the "close trade profit condition"
and set the value you want to close at.

On its own that will be similar to using a stop loss and wil be triggered with price spikes etc
just the same - but if you also add a
"Historical Reletives odds cond"
and configure it so that the price has to of risen over time or traded there a number of seconds this will eliminate stops due to sudden spikes.

spreadbetting
Posts: 1868
Joined: Sun Jan 31, 2010 8:06 pm

Sat Mar 26, 2016 12:08 pm

If you're posting screenshots of other software it's not that surprising the mods will remove it to be fair. You can just as easily post up a screenshot from the Betfair website either the market screen or betting pnl screen.

But I'd have to agree with PeterLe, revealing your winning strategies on a public forum is a sure way to scramble that golden egg regardless of how much you reveal. A few people might pat you on the back but plenty of others will just be looking for winnning snippets and happily undercut you.

Well done for finding an automated winning strategy they're not easy to find but unless you're trying to sell it, or some software, your philanthropic approach might not be the best if you want it to work in the long run.

cybernet69

Sat Mar 26, 2016 12:13 pm

Dallas wrote:
Crazyskier wrote:My biggest issue is also the stop loss triggering far more often than a successful trade : - ()
A possible way round this is instead of using a stop loss use the rule type
"Close trade on selection with or without greening"
with the "close trade profit condition"
and set the value you want to close at.

On its own that will be similar to using a stop loss and wil be triggered with price spikes etc
just the same - but if you also add a
"Historical Reletives odds cond"
and configure it so that the price has to of risen over time or traded there a number of seconds this will eliminate stops due to sudden spikes.
I agree. Also, because of the spikes in Greyhounds whereby your SL could get blown and just sit there miles away from the current back price you could also fire in a back bet @ 1.01 which would makesure you at least close the trade at the current best price.

Another strategy I also use is part manual whereby I goto the RP website and on each card look for the least fancied dog. Then 2 minutes before the race starts I will LTB the dog WHEN the back book% is < 110, back odds < 10 and it does have some volume traded. This works very well but cant be completely automated as you need to look at each race card. I guess you could just automate the dog with the highest back odds but that doesn't always correspond to what the RP is saying about the dog(s) or race. I use a 0 tick SL and 3 tick offset. But to close the trade I will fire it in @ 1.01, so I know my SL will always work/get matched. Hope this helps some traders/scalpers here.

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