Not everyone has the data or the skills to do that upfront simon, for them the best way is to accept a small investment cost and give it a spin in live rather than doing it for free in practice and not learning much. If they want to go via your route then the time/money cost would be be better spend on acquiring the skills, but that requires a certain amount of conviction that it's eventually going to pay off or suit them better.
There's more than one way to skin a cat, though some ways are messier.
Help Betfair have restricted my account
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
fair points certainly. The risks of my approach have been highlighted by a lot of people. & i myself do tend to lean more on the "I won't trade it just yet... can I make it any better first" - which is a dangerous mentality.
That said, I've made more gains in knowledge, in the last 2 mths, than the last 2 yrs. & I was pretty much trading every race back in 2017 (got a full set of videos ). The approach you mentioned just didn't work for me (hence my bias towards quanting!!).
My trading was extremely stale in 2017 - but my best trades have always been the quantitative ones (hence why I love BA, & am drawn to traders such as Dallas & Peter as my mentors - vs. someone like CB). & in fact that was actually why I joined BA - because I didn't used to. & I can never see myself leaving BA - it's simply a fundamental part of my trading now - & it does have a lovely interface
I just really do struggle with subjective decisions - unless I understand the workings. i.e. "Only trade good ranges" - I have to know what a "good range" looks like, roughly, with some quantitative variables (i.e. the shape, volume amounts etc). "Only back the a runner when the another runner drifts" - how are we defining drift, how are we defining "runner"? etc Drift to me, is different to a drift to you. But a drift of -2%, suddenly we both know what "drift" means.
I personally don't have the skills to answer those questions, subjectively/discretion/feel, in a live market
May have rambled, soz lads - aint got nothing to do with restrictions that
That said, I've made more gains in knowledge, in the last 2 mths, than the last 2 yrs. & I was pretty much trading every race back in 2017 (got a full set of videos ). The approach you mentioned just didn't work for me (hence my bias towards quanting!!).
My trading was extremely stale in 2017 - but my best trades have always been the quantitative ones (hence why I love BA, & am drawn to traders such as Dallas & Peter as my mentors - vs. someone like CB). & in fact that was actually why I joined BA - because I didn't used to. & I can never see myself leaving BA - it's simply a fundamental part of my trading now - & it does have a lovely interface
I just really do struggle with subjective decisions - unless I understand the workings. i.e. "Only trade good ranges" - I have to know what a "good range" looks like, roughly, with some quantitative variables (i.e. the shape, volume amounts etc). "Only back the a runner when the another runner drifts" - how are we defining drift, how are we defining "runner"? etc Drift to me, is different to a drift to you. But a drift of -2%, suddenly we both know what "drift" means.
I personally don't have the skills to answer those questions, subjectively/discretion/feel, in a live market
May have rambled, soz lads - aint got nothing to do with restrictions that
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
No they don't.. & neither do IShaunWhite wrote: ↑Mon Nov 05, 2018 8:06 pmNot everyone has the data or the skills to do that upfront simon
The vast majority of my stuff is outsourced in bits - which I then just merge together.
Like in Thunderbirds when TB2 was shot down. Jeff buys the parts from different vendors, but only he can see the sum of those parts
For example, the guy who made this formula for me:
'=IF(Sheet2!C3*(XB3-XF3)/XF3>0,Sheet2!C3*(XB3-XF3)/XF3*0.95,Sheet2!C3*(XB3-XF3)/XF3)'
Didn't have a clue it was for! But to me, is a powerful edge breaker
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- Posts: 20
- Joined: Wed Oct 10, 2018 9:30 am
I have a question regarding restrictions on Betfair Sportsbook.
If I had an in-play edge, that did not take value with regards to price, but had a really high strike rate in comparison to the odds being offered, would I be likely to have any restrictions placed on my Sportsbook account, once I started making regular profits?
To re-iterate, no value is being taken with regards to odds. There is no Arbing involved.
If I had an in-play edge, that did not take value with regards to price, but had a really high strike rate in comparison to the odds being offered, would I be likely to have any restrictions placed on my Sportsbook account, once I started making regular profits?
To re-iterate, no value is being taken with regards to odds. There is no Arbing involved.
- BetScalper
- Posts: 1139
- Joined: Sun Jul 02, 2017 10:47 pm
The only time I got restricted on the sports book was when I was arbing between the Betfair Exchange and the Betfair Sportsbook on greyhounds.George Clift wrote: ↑Sat Nov 17, 2018 10:22 amI have a question regarding restrictions on Betfair Sportsbook.
If I had an in-play edge, that did not take value with regards to price, but had a really high strike rate in comparison to the odds being offered, would I be likely to have any restrictions placed on my Sportsbook account, once I started making regular profits?
To re-iterate, no value is being taken with regards to odds. There is no Arbing involved.
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- Posts: 20
- Joined: Wed Oct 10, 2018 9:30 am
Thanks for the reply guys.
Any more thoughts on this would be much appreciated. Has anyone here been restricted on Betfair Sportsbook, for consistently winning, not Arbing?
Any more thoughts on this would be much appreciated. Has anyone here been restricted on Betfair Sportsbook, for consistently winning, not Arbing?