Hi everyone! Just got this information from BF
I must add that currently Ihave 6.5% comission due to my location (Russia) so it's not a great increase. But 2.5% looks very interesting.
10% refund for 8% comission ? Is this a good deal?New Betfair Plan
Always thought the first two seemed more catered to gamblers. If you're an active trader (lots of markets) you'll probably want to go for Basic.
Last edited by eightbo on Tue Sep 03, 2019 5:01 pm, edited 1 time in total.
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I don't think anyone of the forum loses so it wouldn't be much use to many.
As a trader, your business is literally being a good loser.spreadbetting wrote: ↑Tue Sep 03, 2019 5:01 pmI don't think anyone of the forum loses so it wouldn't be much use to many.
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
As a trader I avoid losing to the best of my ability, don't ever want to be a good loser.
To the OP , it's probably worth you downloading a few months profit and losses and do a few what if calculations to see which plan suits you best.
To the OP , it's probably worth you downloading a few months profit and losses and do a few what if calculations to see which plan suits you best.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
Somehow I doubt you've programmed your bots to go on a hot blooded martingale rampage after a couple of losses. Or maybe I'm missing a trick here? Tbh, actually, it's the sort of thing I like backtesting!!
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Luckily my bots don't think about losses, I program simply them to win. As long as they win more than they lose I don't need to worry about being a good or effective loser. Being a 'bad' loser is the biggest scapegoat in gambling, imo, just a good excuse to justify not having a winning strategy.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
Exactly, but to me, that's a good loser. Bots don't think about losses, they don't care. Execute the edge, win/loss, move on
& there's the key point "not having a winning strategy" (not having a solid trade idea etc), to me, without that caveat, it's kinda misleading to advise against being a 'good loser'spreadbetting wrote: ↑Tue Sep 03, 2019 6:55 pmimo, just a good excuse to justify not having a winning strategy.
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
But too many people equate being a 'good' loser with being a good trader as if that's the key.
Being a 'good' loser will come a lot easier if you're winning in the first place.
Being a 'good' loser will come a lot easier if you're winning in the first place.
We've slightly derailed here but it's an interesting topic.
When you're attempting to win you're doing so by taking on risk i.e. carrying the potential for a loss. On the one hand you can't really separate the two (win/loss) as they're both encompassed in the same thing — the expectancy of whatever you're doing. But from another point of view, you could perhaps break it down into how you're managing positions that are moving in your favour vs. how you're managing those moving away from you.
In terms of manual trading, any Joe Bloggs can win, hedging their position for a profit but not everyone has the ability to crystalise the loss (particularly when it's most efficient to). Doing so is a skill that a manual trader usually needs to develop and get proficient at, thus the term "good loser"
I agree that there's a correlation between pressure and expectancy. Higher the expectancy the easier it is to stomach drawdown mentally.
When you're attempting to win you're doing so by taking on risk i.e. carrying the potential for a loss. On the one hand you can't really separate the two (win/loss) as they're both encompassed in the same thing — the expectancy of whatever you're doing. But from another point of view, you could perhaps break it down into how you're managing positions that are moving in your favour vs. how you're managing those moving away from you.
In terms of manual trading, any Joe Bloggs can win, hedging their position for a profit but not everyone has the ability to crystalise the loss (particularly when it's most efficient to). Doing so is a skill that a manual trader usually needs to develop and get proficient at, thus the term "good loser"
I agree that there's a correlation between pressure and expectancy. Higher the expectancy the easier it is to stomach drawdown mentally.
- Kafkaesque
- Posts: 886
- Joined: Fri Oct 06, 2017 10:20 am
Did everyone get these options?
I've heard nothing. Then it wouldn't surprise me with special conditions for the Danish market.
I've heard nothing. Then it wouldn't surprise me with special conditions for the Danish market.
I haven't received the offer.
The 10% rebate of losses on a whole calendar month sounds quite risky from Betfair's point of view, and open to abuse. You could easily lose a lot of money on correct score markets where the selection has already lost, assuming you can match your own bets on another exchange. I'd be interested to see the small print.
The 10% rebate of losses on a whole calendar month sounds quite risky from Betfair's point of view, and open to abuse. You could easily lose a lot of money on correct score markets where the selection has already lost, assuming you can match your own bets on another exchange. I'd be interested to see the small print.