Why do I keep losing on the first two or three races of the day (pre-race)?

[wearthefoxhat]

Also, a couple of golden nuggets in this video (posted 3 years ago!)

Peter Webb - Bet Angel live stream - Talking trading strategy, software, Betfair and everything!

https://www.youtube.com/watch?v=C48bYcYxzAQ&t=2442s

Just ordered "The Idiots Brain" by Dean Burnett.... £3 off Ebay...

[Osstrader]

Also, a couple of golden nuggets in this video (posted 3 years ago!)

Peter Webb - Bet Angel live stream - Talking trading strategy, software, Betfair and everything!

https://www.youtube.com/watch?v=C48bYcYxzAQ&t=2442s

Just ordered "The Idiots Brain" by Dean Burnett.... £3 off Ebay...

I'd wager that, on average, Dean Burnett makes 3 quid every time the 'idiot' buys his book, and, the recipient of his 'esoteric' knowledge loses an order of magnitude more than they paid for the book.

I haven't read it, though, so what do I know?

However.. the wager stands...

[wearthefoxhat]

Also, a couple of golden nuggets in this video (posted 3 years ago!)

Peter Webb - Bet Angel live stream - Talking trading strategy, software, Betfair and everything!

https://www.youtube.com/watch?v=C48bYcYxzAQ&t=2442s

Just ordered "The Idiots Brain" by Dean Burnett.... £3 off Ebay...

I'd wager that, on average, Dean Burnett makes 3 quid every time the 'idiot' buys his book, and, the recipient of his 'esoteric' knowledge loses an order of magnitude more than they paid for the book.

I haven't read it, though, so what do I know?

However.. the wager stands...

Maybe that's how the idiot brain works...I'll let you know when I've read it.

[firlandsfarm]

Is there a possibility you start out too positive maybe having cleared a profit the day before and it takes a couple of races to bring back tighter discipline?

[auto-matt]

It's not affecting me mentally, or holding me back in any way, it's just neutral, but, nevertheless, I can't seem to nip this pesky habit in the bud...

I'll see how it plays out, but I think I might have to drop stakes for the first few races of the day, which doesn't sit well. Maybe it should sit well. I don't know...

I always drop stakes on the first race of any meeting to see if it's trading any differently than normal. Markets vary from day to day, meeting to meeting and yes, I've been caught out a few times on the first races.

What is the main cause for markets to change characteristics so frequently? Automation? Can never remember it being like that around 5/6 years ago, or maybe I was just oblivious to it as I was just starting out

[Derek27]

It's not affecting me mentally, or holding me back in any way, it's just neutral, but, nevertheless, I can't seem to nip this pesky habit in the bud...

I'll see how it plays out, but I think I might have to drop stakes for the first few races of the day, which doesn't sit well. Maybe it should sit well. I don't know...

I always drop stakes on the first race of any meeting to see if it's trading any differently than normal. Markets vary from day to day, meeting to meeting and yes, I've been caught out a few times on the first races.

What is the main cause for markets to change characteristics so frequently? Automation? Can never remember it being like that around 5/6 years ago, or maybe I was just oblivious to it as I was just starting out

I would put it down to the multitude of people and different behaviours trading the markets, people smashing in favourites and following up when beaten, following jockeys on a roll, etc.

[Tuco]

...it's all random - do it long enough and you won't lose on the first two or three races of the day, you'll lose on the last two or three races of the day!