Betdaq exchange : Betdaq Cheltenham trading challenge

The purple place, the most viable alternative to the Betfair exchange
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megarain
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Tue Mar 13, 2018 5:47 pm

day 1 p/L for the competition .. 85% strike rate.

P/L 852 * 85% = 724
chelt betdaq day 1 pl.jpg
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Dallas
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Tue Mar 13, 2018 5:49 pm

megarain wrote:
Tue Mar 13, 2018 5:47 pm
day 1 p/L for the competition .. 85% strike rate.

P/L 852 * 85% = 724

chelt betdaq day 1 pl.jpg
Well done Megarain, very nice set of results :)

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megarain
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Wed Mar 14, 2018 5:45 pm

Day 2 results :

Won 6/7, so 12/14 or (still) 85%

P/L +200, added to 852 = 1052 * 85% = 894

Am thinking about some competition strategy. Just play 2 quids, the rest of the races, and have a lumpy lay (arbed elewhere).

Would be good to see a leaderboard, or know how many entered etc.
chelt day 2 betdaq pl.jpg
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SeaHorseRacing
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Wed Mar 14, 2018 6:14 pm

megarain wrote:
Wed Mar 14, 2018 5:45 pm
Day 2 results :

Won 6/7, so 12/14 or (still) 85%

P/L +200, added to 852 = 1052 * 85% = 894

Am thinking about some competition strategy. Just play 2 quids, the rest of the races, and have a lumpy lay (arbed elewhere).

Would be good to see a leaderboard, or know how many entered etc.

chelt day 2 betdaq pl.jpg
Perfect examples there of why it's so important to not allow losses to affect you. Each day £300 loss, it could have easily been two on the bounce. Great results! Cracker on the first day Megarain!!

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megarain
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Thu Mar 15, 2018 5:53 pm

day 3 results. Another 6/7 day .. so 18/21 or still 85%

P/L 2300 added to 1052 = 3352 * 85% = 2849

I have no idea if that number will be competitive to win the trophy .. It might be thereabouts

Tempted to kick for touch, and just have 2 quid books, last day. Will have a think.
chelt betdaq day 3 pl.jpg
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Euler
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Thu Mar 15, 2018 9:30 pm

Betfair down 15% year on year and Betdaq up 20%

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Naffman
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Thu Mar 15, 2018 9:41 pm

Euler wrote:
Thu Mar 15, 2018 9:30 pm
Betfair down 15% year on year and Betdaq up 20%
Great to hear - and probably would've been a bit more bar those lock ups yesterday

Derek27
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Location: UK

Thu Mar 15, 2018 9:54 pm

megarain wrote:
Thu Mar 15, 2018 5:53 pm
day 3 results. Another 6/7 day .. so 18/21 or still 85%

P/L 2300 added to 1052 = 3352 * 85% = 2849

I have no idea if that number will be competitive to win the trophy .. It might be thereabouts

Tempted to kick for touch, and just have 2 quid books, last day. Will have a think.

chelt betdaq day 3 pl.jpg
Well done on the Ryanair, don't forget that they reserve the right to exclude you if in their opinion your activity is not within the spirit of the rules - whatever that means.

Is the difference between the total P/L and net P/L the commission you pay on Betdaq?

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megarain
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Fri Mar 16, 2018 1:21 am

Hi,

Thx for input.

A few things to note, which may or may not have value ..

Back in the day, when Dermot Desmond owned Betdaq, he was a serial entrepreneur, and he had a lot of internet ventures. One of them, was a website, which offered trading challenges like this, for stock/forex trading. I never got involved.Dunno what happened to it .. suspect it was closed.

IMHO, the rules are badly framed. If its to encourage trading, I would have allowed for the worst 3 results, and best 3 results to be discarded, and ensured maybe 10 trades per race.

I sorta thought activity not within spirit of the rules, would be someone having a 5k bet .. obviously winning, and then having 2 quid bets the rest of the meeting.

Am not really that bothered .. I tend not to read too much into these things ..

The P/L diff is comm. I have trades on other sports, but its been excluded.

On balance, I think I will trade normally on Day 4 - take all greens.

It shouldnt be too hard to get 7/7 - I already have green books on 4 races.

Derek27
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Location: UK

Fri Mar 16, 2018 2:42 am

Thanks for that info, 2% commission without PC is quite appealing.

Spirit of the rules can mean anything. I remember four years ago Betfair had the BOG (best odds guaranteed) offer on Saturdays. The game was, back any horse on the exchange at two selected meetings up to a maximum of £100 and if the ISP is greater they refund you the difference, up to a maximum of £1000 for the Saturday. I thought the catch might be that they reserved the right to exclude anyone who 'abuses' the offer.

I stopped trading on Saturdays for several weeks and just went flat out, backing every horse that had a decent chance of winning for £100, and then laying it at the best price I could get, making a small loss if necessary. On one occasion I had £100 on a maiden favourite at 3.5 (at the time the bet was placed) that went in with an ISP of 8/1.

I would have thought that what I was doing was abusing the offer as it must have been aimed at drawing backers away from bookies and onto the exchange, but they paid up and I made a couple of grand out of it.

They stopped doing it after a few month, but I noticed the last time they had a similar offer, their T&C excluded bets with lay bets on the same horse. :lol:

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