Australian racing
Turnover charge only applies to New South Wales courses. I avoid them except for Randwick and Rosehill. I make sure I trade under 25 such markets a week so I don't get charged and avoid trading short priced horses to keep my total stake down. I've heard Betfair will stop you from trading NSW if you cost them money, as they have to pay the charge themselves.
Thanks Derek for replying.
Even by avoiding the NSW tracks you find it worthwhile doing each day obviously rather than getting up at a normal time and trading the UK racing.
Why do you think this is? It is interesting that you can make a good living this way to allow you to trade full time as I thought the common consensus was that it was only worth doing Saturday's for the Australian racing.
Even by avoiding the NSW tracks you find it worthwhile doing each day obviously rather than getting up at a normal time and trading the UK racing.
Why do you think this is? It is interesting that you can make a good living this way to allow you to trade full time as I thought the common consensus was that it was only worth doing Saturday's for the Australian racing.
I trade UK, US, Australia, and a few others when there are big meetings. There are many different styles of trading. I know some big-time traders are only interested in the big meetings for obvious reasons, whereas others have a more machine gun approach and just need to make a few quid on each race.
Sometimes trading low liquidity markets in the US or Australia isn't really worth the time for what I get out of it, but if I'm relaxing with a beer and listening to music while trading it's time well spent.
I should just add that there has never been a 'normal' time for me to get up - I've always been a night owl.
Sometimes trading low liquidity markets in the US or Australia isn't really worth the time for what I get out of it, but if I'm relaxing with a beer and listening to music while trading it's time well spent.
I should just add that there has never been a 'normal' time for me to get up - I've always been a night owl.
One of the things I love about Australian racing is that when you back a horse that drifts sharply you don't need to panic - sometimes you know it's coming back down.
You do not have the required permissions to view the files attached to this post.
That feeling when you(come home from work) scalp 13 times on Ascot and profit on 12 of them 
and then realise you forgot to turn on the video 
Edit: Biggest profit in one race ever (and too embarrassed to post it
)..>>>Derek's anticipated response:" Hold my beer" 
Edit2: Caught this one.Wow. Good night
and then realise you forgot to turn on the video Edit: Biggest profit in one race ever (and too embarrassed to post it
)..>>>Derek's anticipated response:" Hold my beer" Edit2: Caught this one.Wow. Good night
You do not have the required permissions to view the files attached to this post.
Last edited by mcgoo on Wed May 09, 2018 10:33 am, edited 1 time in total.