Hi There,
I've been playing around with Pre Race Horse Trading for about 4 months now, Over the last 4 weeks I've really tried to get to grips with it and putting in lots of time watching the ladders and trading with the demo money etc.
One day I feel like I do well and it's clicking and the next 4 days I'll do absolutely terrible, literally not a winning trade in 10 in a row! lol
I feel like the Betfair graphs influence my decisions much more than they should, often basing my trade on them (Which I know is wrong but I'm finding it hard to avoid).
My question is, how important to you guys are the Betfair graphs in your pre race trading, I'm talking the last 10 minutes or so?
I feel like I should avoid looking at them completely for a while and try to focus on what I'm seeing on the ladder, but will that do me more harm than good in the long run? Are the a vital part of pre race trading?
Any responses are massively appreciated.
Thank you
Cookyweb.
Pre Race Trading and Betfair Graphs
Snap - that's exactly what I do.
If you think you're misusing the charts, the best thing to do before opening a trade is to stop and ask yourself, or explain to yourself, exactly what you're doing, what's the reasoning for the trade, what outcome are you expecting and why?
If you are not clear about the answers to the above questions there is no basis to your trade.
The Market Overview is the most underated component of Betangel especially as you can now change the background.
Below is a clip from the Weth 5.30. (the chart can be set to float anywhere )
Waddya wanna know?
Dapper Man (was- the fave -which lost ) Mitchum won but had a High of 10.22 in running and so on and so forth. Also set the Betfair chart to 5 sec refresh and mouse selection and you can stroll across the field and see any selection.
Also start recording your trades. Theres a section with loads of advice- personally I use Flashback express - it's free and can record all day. (IT ALSO DOES SCHEDULING
set it to start for 13.30pm use your automation (in PRACTICE MODE) go to work.))
Come home set up to replay at 4x speed - make your tea WHILE you record. Then playback the second copy at 16X speed .............. or any combination thereof. etc. etc. etc.
(The BF rules do not allow BA to keep/post data. This saves me lots of wondering what the *&^%$$ . )
Have fun! Oh thats after the 6pm race - the blue one wunnit but the green one came close and the red .................
You can work out the names yourself
Playing back at 16X means you can go through an afternoons racing in 20 mins. you can stop at any time by pressing spacebar and REPLAY.
Great for the ladders - you really KNOW WHY you are bangin' your head off the wall because you missed the biggest steamer of the day!
Below is a clip from the Weth 5.30. (the chart can be set to float anywhere )
Waddya wanna know?
Dapper Man (was- the fave -which lost ) Mitchum won but had a High of 10.22 in running and so on and so forth. Also set the Betfair chart to 5 sec refresh and mouse selection and you can stroll across the field and see any selection.
Also start recording your trades. Theres a section with loads of advice- personally I use Flashback express - it's free and can record all day. (IT ALSO DOES SCHEDULING
set it to start for 13.30pm use your automation (in PRACTICE MODE) go to work.))
Come home set up to replay at 4x speed - make your tea WHILE you record. Then playback the second copy at 16X speed .............. or any combination thereof. etc. etc. etc.
(The BF rules do not allow BA to keep/post data. This saves me lots of wondering what the *&^%$$ . )
Have fun! Oh thats after the 6pm race - the blue one wunnit but the green one came close and the red .................
You can work out the names yourself
Playing back at 16X means you can go through an afternoons racing in 20 mins. you can stop at any time by pressing spacebar and REPLAY.
Great for the ladders - you really KNOW WHY you are bangin' your head off the wall because you missed the biggest steamer of the day!
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Thank you very much for the replies, I’ll definitely take that on board, I know the graphs are an issue for me at the minute, Ill work on that.
Can I just ask your advice on this as well, whilst I’m learning, do you think it’s best to focus on a certain race type, say one with 2 short priced favourites for example, and only trade those races and not even look at other race types until I feel I’m confident in what I’m doing in those, then pick a different race type and try to get good at trading that type of setup, maybe 3 close favourites.
Or again is that a bit myth and it’s best just to watch as many races as possible of all types and look to improve my understanding generally across all markets
As a new trader I feel I know a lot about how the markets work in my head. But once in front of the screen and in the moment it just seems to all go out the window and make no sense at all lol
Thanks again everyone
Cookyweb
Can I just ask your advice on this as well, whilst I’m learning, do you think it’s best to focus on a certain race type, say one with 2 short priced favourites for example, and only trade those races and not even look at other race types until I feel I’m confident in what I’m doing in those, then pick a different race type and try to get good at trading that type of setup, maybe 3 close favourites.
Or again is that a bit myth and it’s best just to watch as many races as possible of all types and look to improve my understanding generally across all markets
As a new trader I feel I know a lot about how the markets work in my head. But once in front of the screen and in the moment it just seems to all go out the window and make no sense at all lol
Thanks again everyone
Cookyweb
If your just starting out then it's probably best to look at all race types to begin with and in time you'll find which suits and work best for you.cookyweb wrote: ↑Sun Apr 29, 2018 8:28 pmThank you very much for the replies, I’ll definitely take that on board, I know the graphs are an issue for me at the minute, Ill work on that.
Can I just ask your advice on this as well, whilst I’m learning, do you think it’s best to focus on a certain race type, say one with 2 short priced favourites for example, and only trade those races and not even look at other race types until I feel I’m confident in what I’m doing in those, then pick a different race type and try to get good at trading that type of setup, maybe 3 close favourites.
Or again is that a bit myth and it’s best just to watch as many races as possible of all types and look to improve my understanding generally across all markets
As a new trader I feel I know a lot about how the markets work in my head. But once in front of the screen and in the moment it just seems to all go out the window and make no sense at all lol
Thanks again everyone
Cookyweb
I'm a swing trader and love the maidens, novices etc where you can get some big moves, whereas I'm not a fan of scalping so don't like most of the competitive h'caps races etc
Something you could try while looking at all race types is decide in advance to ONLY open a trade with either a back or lay and stick to it, straight away that takes 50% of the problem and decision making away
So if you decide on backing your looking ONLY to open a trade with a back bet ie, for something to start or be steaming or a scalping opportunity that you can back first etc - you might go 3, 4, 5 races etc without even opening a trade (but you won't of lost any money) but you'll be gaining experience by watching the markets closely
Hi Dallas,
That’s great advice, and makes sense because I noticed last weekend I seemed more confident looking for a drifting horse and laying first, yet every time I backed one it went against me
I feel like I’m better suited looking for a drifter so I’ll focus purely on that at first, then see where I go.
I don’t want to push my luck too much as you’ve been so helpful already, put do you have any other final bits of golden advice?
I’ll leave you alone after that I promise
That’s great advice, and makes sense because I noticed last weekend I seemed more confident looking for a drifting horse and laying first, yet every time I backed one it went against me
I feel like I’m better suited looking for a drifter so I’ll focus purely on that at first, then see where I go.
I don’t want to push my luck too much as you’ve been so helpful already, put do you have any other final bits of golden advice?
I’ll leave you alone after that I promise
-
northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
Well...
Forget all the pros screenshots that show a profit in every race. These pros got to that level after years of practice.
Expect to have plenty of losing trades at the beginning.
In fact, it’s a good idea at the beginning to treat each trade as a coin flip.
When you enter a trade, decide what’s your maximum liability for it. For example, enter a trade with £32 and say to yourself: I’m going to let it go against me for a maximum of £5 loss. Even put a stop loss on the ladder accordingly.
You’ll probably get to a stage where you have 50 trades that lost you £2-5 and 50 trades that won you £2-5. It’s perfectly fine. The goal at the beginning is to observe the market flow and learn to control your emotions, i.e. accepting losses without chasing.
Over time, by practising A LOT, you’ll learn which entry points are better and your goal will be to transform a 50/50 break even record into a 60/40 winning record.
Forget all the pros screenshots that show a profit in every race. These pros got to that level after years of practice.
Expect to have plenty of losing trades at the beginning.
In fact, it’s a good idea at the beginning to treat each trade as a coin flip.
When you enter a trade, decide what’s your maximum liability for it. For example, enter a trade with £32 and say to yourself: I’m going to let it go against me for a maximum of £5 loss. Even put a stop loss on the ladder accordingly.
You’ll probably get to a stage where you have 50 trades that lost you £2-5 and 50 trades that won you £2-5. It’s perfectly fine. The goal at the beginning is to observe the market flow and learn to control your emotions, i.e. accepting losses without chasing.
Over time, by practising A LOT, you’ll learn which entry points are better and your goal will be to transform a 50/50 break even record into a 60/40 winning record.
-
northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
With regards to charts, I strongly recommend looking into Bet Angel advanced charts.
They can show you real-time big chunks of money coming into the market to back/lay a horse.
This piece of information, combined with other info, could give good clues.
Needless to say, mastering this requires plenty of practice / screen time.
They can show you real-time big chunks of money coming into the market to back/lay a horse.
This piece of information, combined with other info, could give good clues.
Needless to say, mastering this requires plenty of practice / screen time.
-
ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
I'm going senile.
I forgot to press submit here's the non answer to Shaun's question I don't know what you are on about oldboy --------------
Flashback express - its free.
1.Record 4 hours (4HRS)
2. Playback recording at 4X speed While rerecording. Make tea cos I'm peckish (1HR)
3. Watch rerecording in 15minutes while eating my tea! Gosh I'm so busy.
Oh bugger it! I was make this rhyme.
FB slows down your machine so practice mode and preplay recommended NOT inplay with own cash.
It HAS scheduling so set up to start @ 1PM and stop @ 5PM (your choice) and you can watch an afternoons racing in 15mins.
With ladders you can WATCH your very own ballsups - ie. two hours playing with ladder one and ladder 5 was SCREAMING money at you. I've got multi laptop setup.
IDEAL for newbies and old fossils like myself (ZX81's).
You can SEE the patterns. If RED goes down something else (Green or Blue or, or,or will go up. Resetting the Market Overview grid key to Range% sorts it all for you etc. etc. Ideal for Automation Timing - a one mile race gets interesting at 60sec in. you can use two laptops and watch Monday's racing while typing this crap on my trusty old CQ57 and go thru the whole afternoon - this evening. I'm decorating the kitchen today (60 years of gloss paint to be removed) I'll watch later. Coffee break over and kebab between 5&6 while rerecording. I'll and so on . TaTa for now.
And I bloody hate decorating.
No I'm not fulltime, I'm retired. I do crappy jobs check automation timing do more crappy jobs around the house.
You WILL have to work out YOUR own style, EVERYBODY has their own method of working.
Recording your screens will save you months/years of ballsups/carcrashes.
WHOA IT'S KEBAB TIME
I'm bloody starving. TTFN.
I forgot to press submit here's the non answer to Shaun's question I don't know what you are on about oldboy --------------
Flashback express - its free.
1.Record 4 hours (4HRS)
2. Playback recording at 4X speed While rerecording. Make tea cos I'm peckish (1HR)
3. Watch rerecording in 15minutes while eating my tea! Gosh I'm so busy.
Oh bugger it! I was make this rhyme.
FB slows down your machine so practice mode and preplay recommended NOT inplay with own cash.
It HAS scheduling so set up to start @ 1PM and stop @ 5PM (your choice) and you can watch an afternoons racing in 15mins.
With ladders you can WATCH your very own ballsups - ie. two hours playing with ladder one and ladder 5 was SCREAMING money at you. I've got multi laptop setup.
IDEAL for newbies and old fossils like myself (ZX81's).
You can SEE the patterns. If RED goes down something else (Green or Blue or, or,or will go up. Resetting the Market Overview grid key to Range% sorts it all for you etc. etc. Ideal for Automation Timing - a one mile race gets interesting at 60sec in. you can use two laptops and watch Monday's racing while typing this crap on my trusty old CQ57 and go thru the whole afternoon - this evening. I'm decorating the kitchen today (60 years of gloss paint to be removed) I'll watch later. Coffee break over and kebab between 5&6 while rerecording. I'll and so on . TaTa for now.
And I bloody hate decorating.
No I'm not fulltime, I'm retired. I do crappy jobs check automation timing do more crappy jobs around the house.
You WILL have to work out YOUR own style, EVERYBODY has their own method of working.
Recording your screens will save you months/years of ballsups/carcrashes.
WHOA IT'S KEBAB TIME
I'm bloody starving. TTFN.
Hi everyone. While this delay in Thirsk I was looking at the graph, thinking about my trade in market etc... And while looking at BF graphs I thought it would be good(?) idea to use Fibonacci trade levels for analysis. Since I haven't seen any type of this tool in several programs i used (Bet Angel, other software etc..) I made a quick draw in paint and it looks as I expected.. Two main levels 38,2 and 61,8 act as the should (from my small background in forex), because it shows how people behave.
Whad do you think about this?
Whad do you think about this?