Trading Greyhound racing : Greyhound Scalping and Trading

We've gone to the dogs.
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Crazyskier
Posts: 417
Joined: Sat Feb 06, 2016 6:36 pm

Sat Mar 26, 2016 12:31 pm

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[/quote]

YUP - that's what I see most races and the stop loss only seems to be set by ticks not asking price?

cybernet69

Sat Mar 26, 2016 12:40 pm

Crazyskier wrote: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
YUP - that's what I see most races and the stop loss only seems to be set by ticks not asking price?[/quote]

YES. That's the biggest problem. Personally I think you should be able to set your SL by ticks or price. That way you could build a trigger to say if back_price <= x send a trade in @ 1.01 because most of the time setting or having a SL is useless especially on Greyhounds. Much better to close it out with the best price the market will offer. Maybe this could be a suggestion for the BA team ?

PeterLe
Posts: 3325
Joined: Wed Apr 15, 2009 3:19 pm

Sat Mar 26, 2016 3:25 pm

This is easily done with Excel.
I often have both Guardian and Excel working in conjunction on the same market.
Guardian seems to have the edge where speed is needed, so I use that for bets that are speed dependant and then excel does the tidying up. for eg closing and greening at reverse price

cybernet69

Sat Mar 26, 2016 7:34 pm

I am not allowed to post my results here anymore.

One thing I have changed is to only trade during the last 60 seconds of each market. This seems to make it much more consistent with regards to price matching. Makes sense as this is the period when most of the money comes in. It also helps me cut down on the number of TX(s) so as to not incur any charges from betfair. :D

Cheers,

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Dallas
Posts: 7756
Joined: Sun Aug 09, 2015 10:57 pm

Sat Mar 26, 2016 7:42 pm

I dont think there is any objections to you posting results if there from your Betfair P&L page

guy333
Posts: 45
Joined: Sun Aug 16, 2015 9:47 am

Sat Mar 26, 2016 9:36 pm

PeterLe wrote: 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.
Personally I think it is quite refreshing for someone to be willing to help other users.

Do you really think that a handful of copycats are going to affect a strategy when thousands of pounds are traded on each race?

Surely it is the interest of all users for as many fellow Bet Angel users as possible to find a winning strategy.

I am still plugging away but will have to cease my subscription if I cannot make it work soon.

LinusP
Posts: 1350
Joined: Mon Jul 02, 2012 10:45 pm

Sat Mar 26, 2016 10:13 pm

guy333 wrote: Do you really think that a handful of copycats are going to affect a strategy when thousands of pounds are traded on each race?
100%
guy333 wrote: Surely it is the interest of all users for as many fellow Bet Angel users as possible to find a winning strategy.
Its a zero sum game (almost), we are all against each other when it comes to the markets.

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Dallas
Posts: 7756
Joined: Sun Aug 09, 2015 10:57 pm

Sat Mar 26, 2016 11:24 pm

guy333 wrote:
PeterLe wrote: 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.
Personally I think it is quite refreshing for someone to be willing to help other users.

Do you really think that a handful of copycats are going to affect a strategy when thousands of pounds are traded on each race?

Surely it is the interest of all users for as many fellow Bet Angel users as possible to find a winning strategy.

I am still plugging away but will have to cease my subscription if I cannot make it work soon.
Everyone would like to see fellow forum users making a profit but if everyone done exactly the same stratergy all would end up losing.

For example in horse racing dozens of users will be using some sort of IR stratergy looking for low odds but each will be using there own combination of triggers, staking and conditions like book%, WOM, latest prices & tick movements etc with all making some level of profit.
(PeterLe has previoustly posted how he himeself uses 3 variations on a stratergy on the same races each with slightly different settings - all which are profitable)

But if everyone started using exactly the same criteria any edge and profitablity has gone immedietly.

The forum is full of users all helping each other in one way or another and PeterLe in particular has handed out more than his fair share of help and advice to other users but there is a line between helping and guiding people and publically sharing the exact details of a stratergy which will benefit no one once copied by all.

As the saying goes there more than one way to skin a cat

cybernet69

Sun Mar 27, 2016 12:53 am

guy333 wrote:
PeterLe wrote: 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.
Personally I think it is quite refreshing for someone to be willing to help other users.

Do you really think that a handful of copycats are going to affect a strategy when thousands of pounds are traded on each race?

Surely it is the interest of all users for as many fellow Bet Angel users as possible to find a winning strategy.

I am still plugging away but will have to cease my subscription if I cannot make it work soon.
Hi,

Don't be put off if you are struggling to find something that works long term. We have all been there. Some of us for many years. More than 90% of people don't make a profit on Betfair or placing speculative bets at the local bookmakers. It's true that it is a zero sum game. But that doesn't mean you can't find an edge to any market. Yes, it takes time, unless you are lucky enough to know someone who is willing to share some knowledge. It took me 8 years to come up with something which works. The problem is you need to do allot of research, try it out, modify it, scrap it and usually start again. Most think/want a way of giving up their day job, press a button, walk away and come back to $$$$$ in their BF account. If everyone achieved that then nobody would offer odds on BF and alike of large financial institutions would just blow all the small people out of the water with stupid amounts both sides of a market. Some do by the way on certain horse races!!!. If you can't afford the BA subscription then take a break for a couple of months, do some research and paper trade ideas for awhile. Best of luck and keep your chin up, you will get there, it just takes allot of time and effort...

The best advice I can give you is NEVER EVER take the back or lay odds on offer. Look at the other prices available well away from the current market offers!!! ;) Depending on the market there will always be someone or a bot that will take YOUR offers when they are trying to close out their positions!!! ;)

xitian
Posts: 441
Joined: Fri Jul 08, 2011 2:08 pm

Sun Mar 27, 2016 1:42 pm

cybernet69 wrote:The best advice I can give you is NEVER EVER take the back or lay odds on offer.
Isn't using a stop-loss taking odds which are on offer?

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