Bet Angel for newbies / Getting started : Dutching

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh.
Derek27
Posts: 1998
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Mar 08, 2018 5:00 am

Hugodaglish wrote:
Wed Mar 07, 2018 9:57 pm
When my bank builds up I will apply a 10% banking stratergy and I am just learning abount compounding, although I have no clue if compounding is applicable here?
You mean if your bank builds up!!

Even some of the most experienced and successful traders don't take it for granted that success will continue.

I can assure you that compounding is not applicable to trading. It's easy to turn £50 into £55 in a day, but try compounding that into a years growth!

Hugodaglish
Posts: 7
Joined: Mon Mar 05, 2018 8:11 am

Thu Mar 08, 2018 9:14 am

Yes if it builds up and I am sure it is not that easy. I am one of those suckers that have spent a lot of money trying to make a living, albeit a small one from home. A lot of people fail because they get greedy, do not follow the rules and mix gambling as a normal punter with some of these things. I have learned that peoples emotion really affects what they do to.
I met a guy once in Greenwhich London who made a good living from doing things like this, bought house, nice car, a good life.
I am sure that money can be made, I know people that make money from Matched betting alone and arbs to.
Yes you will not always win but creating a good strike rate can come with patients and no greed, my belief.
Only way to find out is to try it properly.
Derek do you not make money on here?

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wearthefoxhat
Posts: 207
Joined: Sun Feb 18, 2018 9:55 am

Thu Mar 08, 2018 11:56 am

Hugodaglish wrote:
Wed Mar 07, 2018 9:57 pm
wearthefoxhat ok that makes it a bit more clear, except the insurance bit.
How would I use the 2 selections as insurance? I more than likely have read or watched how to do it, but just cant remember.

I had a good day today. started off with a £46 Bank finished at £110.24,using £3 and a couple of £5, not on dutching though, on the 1 click screen. haha not to sure how I did some of it. Set up a bot and that did well to, oh and a bet on footy wolves to win. good day
If I can keep this up over the next few weeks i will up my bank, that is to be seen.
I am patient and not greedy, off work sick, dont think I will ever go back so have lots of time to absorb all of this. Loving it so far.
Well done with your bank building so far. :D You may have found your own way of making a profit!

The selections for "insurance" in the example, can be added manually on the dutching programme. When setting ; back for target profit and choosing more than selection, you can adjust the overide target profit
and input 0. This automatically alters the predicted profit to 0 as well. As long as the amounts are matched, then if that selection wins at 0 profit, you have your insurance bet(s).

There are 2 you-tube videos that Peter Webb demonstrates how the dutching programme works visually.

https://www.youtube.com/watch?v=VgOdakQpfP0 around 9 minutes

https://www.youtube.com/watch?v=ugHICl674EA around 7 minutes.

It's effectively creating a book% of your own and setting better odds on other selections. It's just a question of either letting it go unmatched, keep in play or take BSP if unmatched before the off time. Also give the market time to accept your unmatched bets, maybe 60 minutes before the off time is a fairly good practise.

Yesterdays example was an acceptable loss. This is essentially a stop loss on the race. If you have a good winner finding strategy and can also eliminate the poorer selections, there's no reason dutching would work well in the long run.

The trick is not to be greedy. £5-£10-£20 a race target profit, despite a couple of losing/insured races, it will soon add up, although dutching is not everyones cup of tea. :?

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ShaunWhite
Posts: 2943
Joined: Sat Sep 03, 2016 3:42 am

Thu Mar 08, 2018 1:08 pm

Hugodaglish wrote:
Thu Mar 08, 2018 9:14 am
I met a guy once in Greenwhich London who made a good living from doing things like this, bought house, nice car, a good life.
I am sure that money can be made.
Every week 10s of thousands of people play football, only a handful earn 500k a week.

There's 1000s of actors and most work a 2nd job and never win an Oscar.

Wanting to be successful trader has almost nothing to do with being successful at it. Approx 5% of people who try are successful and even less become a high roller. I'm not saying you can't be one of them but like every other profession it's long and difficult journey.

If this was easy then everyone would do it and if you want to earn the same money as a top surgeon or lawyer then you need to expect to put in the same amount of effort to reach that level of competency. Yes there are people earning 6 or even 7 figures but they're as rare as hen's teeth.

When you trade markets you are stepping into the ring with people who have enormous dedication and the sharpest minds, there's no $1 table like there is in poker. Every market is a Premiership game with Premiership players and without skill, pace and experience you'll be struggling to come away with a draw let alone a win.

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ShaunWhite
Posts: 2943
Joined: Sat Sep 03, 2016 3:42 am

Thu Mar 08, 2018 1:59 pm

Hugo, what's you favourite sport?
Racing isn't the easiest starting point if you don't know much about it. There's plenty of money to be had in football, tennis, golf or cricket.

Derek27
Posts: 1998
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Mar 08, 2018 4:28 pm

Hugodaglish wrote:
Thu Mar 08, 2018 9:14 am
Derek do you not make money on here?
I make a consistent profit but I'm still in the process of building up my capital, like you. :)
Last edited by Derek27 on Thu Mar 08, 2018 5:38 pm, edited 1 time in total.

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Kolop
Posts: 9
Joined: Fri Jan 03, 2014 5:02 pm

Thu Mar 08, 2018 4:31 pm

Yes. A real master was on this very forum a while back, a football trader. Proven profit just like Peter, not making a big noise. I hope he comes back. He agrees lots of opportunities in football trading.
Kolop

Hugodaglish
Posts: 7
Joined: Mon Mar 05, 2018 8:11 am

Thu Mar 08, 2018 9:36 pm

ShaunWhite. My fav sport is touring car and BSB.
As I was reading this my Brother just came in and showed me he won 2 grand on footy...he gambles though.
I am not really a sports person, lived right next to Arsenal for years, but know nothing about them.
I have had this facination with horse racing, due to meeting the guy mentined before, who made lots and lots.
I made a profit again today of £35 using £3 trades. i did have it up to £80 profit, but my kids came back distracted me, clicked the 1 click screen a few times by mistake, moving my laptop Lost 19 and made some mistakes, that I still have to identify fully.

So tennis and footy are easier then?

Derek27
Posts: 1998
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Mar 08, 2018 10:41 pm

Hugodaglish wrote:
Thu Mar 08, 2018 9:36 pm
...but my kids came back distracted me, clicked the 1 click screen a few times by mistake, moving my laptop Lost 19 and made some mistakes, that I still have to identify fully.
If you're going to take trading seriously, it's important even when starting out with small stakes, that everybody in the house you live in understands it's crucial that you concentrate on what you're doing and don't get disturbed.

I suppose it's equally important that you don't spend all day and night on the exchange but make sufficient time to spend with your family, though it's easy for me to say that - I live on my own. :D

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ShaunWhite
Posts: 2943
Joined: Sat Sep 03, 2016 3:42 am

Thu Mar 08, 2018 11:11 pm

Hugodaglish wrote:
Thu Mar 08, 2018 9:36 pm
So tennis and footy are easier then?
Not necessarily 'easier' but perhaps a less frantic way for you to learn the fundamentals. The forum has some excellent information about them and some really interesting example files you can download to automate various strategies.

£35 from £3 trades? How many markets was that, how many trades, what was your strike rate.... and how many ticks were you making on average? Was that pre off or in running?

Lots of questions I know but that seems to be an extraordinary rate of return. £300 trades are not uncommon and I'd almost guarantee that even the best here didn't even get in the same postcode as £3500 today. What's your secret :) If I was on £3 trades I'd be over the moon if I made £3 profit in a dozen races. You're barely above minimum stake and projecting a grand a month!

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