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Newbie's 4th month

September started well but I hit a rough patch about mid way and seemed to be going backwards so I cut my stake back to bare minimum and tried to find some consistency in results and style. Overall I'm happy that I made further progress and I hope to be able to gradually increase my stake again in October.        @Tomas  I read your entire 25 challenge blog. Amazing how you built the bank. Like magic to someone at my level 🙂. You mentioned that you posted some greyhound videos that were subsequently deleted by Youtube. Would it be possible to post up these or any other greyhound vids again? You're already providing lots so if you're too busy don't worry about it.   Newbie to Newbie Tips I know sooner or later I'll sustain a big loss from being caught in play. To reduce that probability I do the following at the start of each trading session. On my desktop PC I keep Betfair open on the cashout page - in case of a geekstoy crash I keep the following page open to check Betfair for problems - https://status.developer.betfair.com/ I also keep the cashout page open on my tablet - in case of computer crash I don't do this but I've read Tomas suggest keeping Betdaq open to quickly use to offset liability in case of a Betfair crash If I ever make any money at this I'll invest in what seems the best protection - a 4G enabled device and I'll keep that open on the cashout page 

zitlor

zitlor

 

Newbie's 3rd month

I thought I'd submit a blog to support this site and to create a record for myself of how much, if any, progress I make. I'd originally planned to trade footy but by chance saw a video on horse racing in May 2019. It looked fascinating so I placed my first ever real trade on the horses on June 1st followed by greyhounds a couple of weeks later. I quickly quit the hounds as the market jumped up and down so much it gave me palpitations 🙂. For the first 2 months I did the large majority of my trading in practice mode as I was so bad. I could have closed my eyes, pressed the button and easily done better. Not even being able to do as well as random probability was disheartening but I persevered and something changed in early August. I focused on low liquidity horses and started braking even.  Here's the first half of August.      Bolstered by my new found success (of only losing 74p) I decided to try the hounds again.  Here's how I'd gotten on by the end of August.     I'd made a whopping 314 pennies. A first step on the road to my 250k Betfair fortune. I decided to treat myself and spend all my winnings at once on (half) a glass of beer 😀. Joking aside I was delighted to reach break even as it allowed me to escape practice mode and play for real money albeit tiny amounts.    Newbie to Newbie Tips If you want to record your trading I've found the free program Flashback Express to be great. Avidemux is a good free video editor. 

zitlor

zitlor

Why WowApp?

When someone joins our trading chat on WowApp I sometimes receive a question about why am I using WowApp and not any of established applications like WhatsApp, Messenger, Discord, Skype, Slack, Team Speak, etc. Let me briefly explain, there are several reasons: WowApp shares 70-80% of their revenue with members. The revenue comes from various sources, such as - digital advertising, commissions from online shopping, international calling, etc. Every time you earn in WowApp, a small part of these earnings is automatically donated to up to 5 charities of your choice. WowApp is not just a messenger. It's a whole ecosystem of products, a platform, a new sharing economy in which the majority of all economic benefit is shared with the community. As I mentioned in the last point, there are many parts and messenger is just one of them. Every day, you receive WowCoins (100 WowCoins are equal to 1 US Dollar) according to your previous day activity and also activity of your network. A daily summary may look like this: It does say how much WowCoins you earned from your own activity and also activity of your network + how much was donated to your supported charities. There are over 2000 charities worldwide so you have a lot of options to choose from. A short explanation of those WowApp features may be useful: Chat & News - you earn simply by using WowApp for chatting, calling, video calling, sharing photos, videos, files, etc. It works on all devices (iOS, Android, Windows, Mac, Tablets). Simply by staying in touch with friends & family, you receive a portion of the price that was paid for advertising displayed on your screen. Facebook does the same - they display ads to you but they keep 100% of the profit for themselves. This is just a fairer approach in my opinion. Instead of being a product on platforms like Facebook, Skype or Twitter, we are treated like partners on WowApp. This is how our trading chat looks like on mobile phone: Computer & Web - you earn when using the application on your PC (Windows or Mac) and also by browsing the WowApp website. Games - you can play hundreds of free games on games.wowapp.com and you will earn when doing so. There are different games for mobile & PC. Smart Slide - it does display a latest WowApp activity (chats, news, etc.) on locked screen of your smartphone, together with an ad. You earn from this. Instant Earn - here you can complete various tasks like watching videos, downloading apps & games, completing surveys, doing some tasks on social media (like giving a like to someone on Facebook), etc. And you receive WowCoins for doing so. Shop Online - my favourite feature. WowApp offers cashback when shopping in any of about 10,000 partner shops worldwide. You simply choose your favourite shop on shop.wowapp.com, click on the shop's link and once you complete your purchase, you will receive a cashback to your WowApp account. I use WowShop quite often for buying flight tickets (Kiwi.com, Etihad, Qatar, etc.), hotels (Booking.com, Hotels.com, Agoda, etc.) and cat food  In the United Kingdom, there are currently about 2,000 partner shops, for example:  Talk - this is equivalent to the Skype credit. You can use WowApp to call on mobile & landline numbers all over the world. You need to purchase a calling credit first (or you can use your earnings). I use this feature quite often. At the end of each call, you receive a cashback. International calls are very cheap and it's very useful when travelling, below you can see the prices for some popular destinations: Smart Web - is a browser extension for Chrome & Firefox. It notifies you when a shop or website (which you are currently browsing) is available for a cashback in the WowShop. You also earn every time you search the web. I like it, it's quite useful. If you are curious about how to withdraw your earnings from WowApp, there are many options: You can either donate to charity or to cash out for yourself. You can also use your earnings for the Talk feature (WowCredit) to make international calls and that is something what I do quite often. I practically call for free to any country in the world. I have tried all of these withdrawal methods and all of them work well.  So yeah, that's why am I supporting WowApp. If you ask me, I think this is going to be viral sooner or later and early adopters who understand the potential & concept (source 1 & source 2) will be very happy in the future. It's completely free to use, yet we still earn a revenue share & do some good in the world. Isn't the concept amazing? And please remember - if you want to join our trading group, wait until I accept your friend request and then send me a message that you're coming from Sports Trading Exposed. Not all people who are joining me on WowApp are coming from here.

Tomas

Tomas

April Greyhound Trading Summary

I owe you this summary. At the beginning of April I started a challenge in which I aimed to trade greyhounds. It turned out that I wasn't able to dedicate as much time as I wanted to this challenge because of some personal stuff. However, I was still able to do a few races here and there and instead of describing every day separately, I decided to just sum up everything in one blog post at the end of the month. So here it is! The profit since my last update on 9th April: The total profit for the whole April: Stats for the whole April: Equity for the whole April: So yes - it was a profitable challenge despite I hoped for being able to trade much more races. In total, I was able to trade on 403 greyhound races in April and the average profit per race was £0.531. I think that isn't too bad but there is definitely a room for improvement. I think I could achieve at least £1 per race on average. And that may be a very nice income if you are living in a not very expensive country like Vietnam, like @Ricardo Do   As you can see from the equity, I was able to prevent early suspensions for the rest of the month. My strategy was simple - I ended my trading at least 20 seconds before the off. Unfortunately, I missed some really nice opportunities because of this approach but I preferred safety over risk. @Tommy gave me a useful information that watching a live video is a great help in determining when the race will actually start but I didn't test this out yet. That's all from me for now! I recommend you to join our trading group on WowApp, there is some really nice talk happening every day!  Happy trading!

Tomas

Tomas

April 9th - Greyhound Trading Challenge

Yesterday I had a chance to trade greyhounds for almost 3 hours and this is the result: Nice and steady. I think the evening racing has a better liquidity but these afternoon races were good as well. Btw, I'm not using big stakes to achieve these results. Greyhounds are nice for their high volatility which is good when using smaller stakes. With a small stake you can achieve a nice ROI. Something like this for example: 13.64% ROI on my maximum exposure in this market... On the other hand, you can't scale too much. On the other other hand, there are tons of these markets every day. I think over a hundred races every day, every few minutes.  Stats: Current Equity:

Tomas

Tomas

April 5th, 7th & 8th Greyhound Trading Update

Another three day summary... I haven't been able to dedicate much time to greyhounds but at least I am finally in profit with a little bit of luck involved   April 5th: As you can see, I had only a very little time in the morning and in the evening so there is really not much to talk about.  April 7th: This day boosted my overall profit but it wasn't because of my excellent trading skills - it was due to an early suspended market. Exactly 10 seconds before the official start of the race I ended up with quite a big Back bet on a favourite: Luckily the favourite did win the race. But I quite don't understand one thing - why on earth the market is suspended so early? How can we rely on the time? Seems like we have to live with this issue and so I decided to close all of my trading positions at least 15 seconds before the official time. I usually finish my trading little bit earlier though. Unfortunately, I will miss some good opportunities which often arrive early before the official starting time. Except this race, I would still end up with £21.24 profit and that is what I would prefer - more days with a smaller profit rather than days with big ups and downs.  April 8th: What gets me into a loss quite often are those bloody big & unexpected spikes up and down. Someone often takes a lot of money (often in thousands) and he moves the price from like 3.00 to 4.00 in just one second. It's quite hard to fight against it sometimes but I think I can now roughly recognise if it will happen or not. Let's see what the future will bring Stats: Current Equity:

Tomas

Tomas

 

2019 April 8th Monday

Lost a lot today. The market behaved the complete opposite of what I predicted.
I didn't control the loss, instead kept adding to it. Then I took it inplay. If any of you reply, I know you'll say just take the loss. Sometimes easier said than done. My mind was not in the right state to carry on. So gave up for the afternoon. Contemplating giving up altogether to be honest. It's still money I can afford to lose (as made over £100 over the weekend from matched betting), but the small trading wins and big losses are annoying.
Why can't it be the other way around, as in big wins and small losses?

David

David

April 2nd, 3rd & 4th Greyhound trading update

I haven't been trading much in the last few days but for the record and maximum transparency, I want to publish my results from the last three days on greyhounds.  2nd April:  In the highlighted race I was caught by an early suspension of the market. It was suspended about 5 seconds before the official start of the race. Little annoying but what can I do? If I take this statistically, I should be in a small loss over the long term because of these suspensions. Why loss? Well, sometimes the greyhound wins, sometimes it loses but when it wins, I have to pay the commission. So, if I am correct, if there would be no commission, I should be roughly on 0. The commission should take me into a small loss.   3rd April: Nothing I can say about that, I just traded a few races with a small stake. 4th April: This day was nice. I was able to jump into a few races in the evening and I was pleased with the liquidity in the markets. I caught some nice swings and I noticed, together with @Tommy, that markets are heavily manipulated. It's not unusual that someone with very deep pockets does move the price for like 20 ticks or more and he holds the price in this range. Just to illustrate what I mean, this is a picture from yesterday's greyhound racing: Ridiculous amounts on ridiculous prices. Clear manipulation.  Stats for the last three days: Condensed stats: My strike rate is very good so I am being quite optimistic about the challenge. I only have to keep an eye on that bloody countdown and hedge my positions rather earlier than later   Current Equity:    

Tomas

Tomas

 

2019 April 3rd Wednesday

I found the markets behaving differently to what they normally do on a Wednesday. Was able to adapt by doing the opposite of my normal strategy.
But still cautious, and so I was quite selective as to which races to trade. Ended in profit for the day.

David

David

 

2019 April 2nd Tuesday

Started off with some bad luck. After laying a heavy favourite, it steamed down, so ended up with a losing trade in the 15.30 The very next race, in the 15.45 I successfully backed the favourite at 4.4 for 1 tick, and another at 4.6 for 1 tick.
Due to gain 23 or 24p.
Here is the bad luck; that horse got voided. So, all bets were cancelled. Still managed to end the day with a small profit.

David

David

April Greyhound Trading Challenge

I have decided to do some trading on greyhounds in April. Few days ago, a friend of mine asked me if I could show him some trading on Betfair. I did show him both, greyhounds and horses. But I was positively surprised with the liquidity on greyhounds and so they grabbed my attention. On some races there was more than 50K of traded volume. An average race was around 20-30K. I found these markets to be quite appealing! There was also a some talk about greyhounds on WowApp and I feel this is a good time to start a little challenge again.  I don't have any expectations or targets. I will simply trade whenever I feel I want to trade and let's see what will happen. So far, I am sort of learning these markets again because I didn't trade them for quite some time. My today's result: And some stats: My last race made this day negative but I don't care. I did soak up the markets and hopefully this will pay off in the next days, my strike rate is around 70% which is good. I only have to manage my positions better because in one race I did open bigger position than I should and I lost about £14 which is far above my average loss. I'm really curious how this will develop. Maybe more than you are, lol!   Happy trading!

Tomas

Tomas

 

2019 April 1st Monday

Found the markets more predictable today. On Mondays (maybe more so in the summer than the winter), with certain races, a pattern seems to repeat.
The clue is to think which horses a gambler would be betting on.
Apart from the 14.15 but I was quick enough to recognise and to scratch (which saved me several ticks loss). In the 14.35 I backed at 4.1 Only took 1 tick because 4.0 is a crossover and is often layed at.
In hindsight, I could have had a 7 tick swing trade. Not showing in the picture below, but in the 15.05 I offered a back bet at 3.3
My bet wasn't matched (as I was behind a queue of other money), and there was a big spike downwards.
If my bet did match, I could have a 12 tick swing trade! The 15.40 was interesting. A spoofer was laying the favourite early on. It was obvious that they wanted the price to drift above the real market value.
I waited for the spoofer to stop laying their multiple large stakes, and backed at the top of the range.
Did they stop as they run out of liability money? That was the time to enter with a back bet. Overall, a good day.

David

David

 

2019 March 30th Saturday

Started off ok with 3 winning races. After the 14.40, I stopped to do some matched betting (earned almost £70 from that).

When returning, I didn't like the way the markets were reacting, and so I lost confidence.
@Tomas Do you think it is a problem from not trading from a lack of certainty in the markets?
I tend to just watch if unsure. I could take more risks, but then may win or I may lose.
As you say, protecting the bank is the first priority. As with yesterday, late on in the 17.00, there was someone doing a lot of spoofing.
In the 17.05, I saw the same pattern, and took advantage. Only took 1 tick for 8p.
Could have had a few more ticks, as well as a few trades, but the spoofer was making it tricky; sometimes backing thousands, sometimes laying thousands. Made profit today, which is the main thing.

David

David

 

2019 March 29th Friday

Bit of a roller coaster for me today. Had a couple of big losses early on. The first, 4 times I backed a drifting favourite. The 2nd time, I backed at 5.2 (it was steady for a while, and so thought no one was willing to lay any more).
A sharp drift suddenly happened, and I lost 11 ticks. Then in the 15.15, I decided to lay the 3rd horse which was trading around 20.0
I waited for it to drop a bit, then layed for a few ticks.
Confident of doing this as there was a very heavy favourite that was likely to get backed a lot. So, the big win outweighed the 2 big losses. Today is Friday. The markets seemed the complete opposite of yesterday.
From 15.45 onwards, there seemed to be a lot of spoofing going on. A few other small wins meant I am up by 66p for the day.

David

David

 

2019 March 28th Thursday

A good day with no losses. Mainly from backing the favourites at the right time. Missed a few opportunities as well, including the 16.10, when twice I self cancelled a back offer at 2.5
Just after, there was a huge back spike, and the market suddenly crashed down to 2.26 (so nearly had a 10+ tick swing trade). Pleased with how the day went.

David

David

 

2019 March 27th Wednesday

Similar to yesterday. I had a loss in the first race but turned it around for a profitable day.

The favourite kept drifting up to 4.5 and coming back down.
It did this several times. When I decided to back it at 4.5, it goes and drifts and I lose 4 ticks (laying at 4.9, just as well, as the odds went up to as high as 5.8).

After that, made 6 winning traded races. Decided to stop at the 16.30 whilst I was in profit.

The races from 16.40 onwards were at fairly high odds for the favourites. Wasn't sure, so left it, but still watched the markets.
The markets seem to be more steady, and in hindsight, could have backed at a high point. Does anyone have any experience of late afternoon/early evening racing in the summer?
There will be more from next week, as the clocks go forward an hour; good for any part timers out there.

David

David

 

Challenge 30 days without losing all! 2º Day

Again my second race of the day gave me a loss,  $ -11.72  this has already been happening a few days ago. I need to find a way around it, it must be psychological or it's because I have not gotten into the rhythm yet. Tomorrow I will reduce the stake in the first and second race.   I still had two more significant losses on the day but I finished the day with profit.  In these horses with high odd it is very important to enter missing 4 to 3 minutes before the off, because before that there are a lot of movements made by bots or bad people who want to get their money lol. I posted a video with two races    My P&L today:

Vinicius

Vinicius

 

2019 March 26th Tuesday

Wasn't sure about today, because there were only 12 races on at 2 meetings. And being a Tuesday, can be quiet as well. Struggled with it today. Just watched the first 2 races, to see how the favourites odds behave. More value to back at a high point. The first traded race, the market didn't want to drift any higher. So I thought that is the top of the range.
Backed it at 2.22 and lost 11 ticks. Tried 3 more trades on the same horse. Almost halved my loss, but still a loss of 28p. In the 14.40, the odds were high. Waited for it to drift, then backed it. The next 2 races, the odds were low. There is more value to lay at a low point with these. In the 15.30, I backed the fave at 4.2 scratched (but could have gained 3 ticks). Not many layers in this race, and it steamed heavily.
Pleased with the correct anticipation, but disappointed not to profit. In the last race, the odds were high, so I backed at 6.4 for 1 tick. Not made much today, but considering I started with a big loss, managed to turn it around.

David

David

 

2019 March 25th Monday

I found the markets more predictable today, but had the annoyance of correctly anticipating which way the price would go,
only for a few bets not to match (as the market had already moved). Could have gained a 6 tick swing in one of them! One win and a controlled loss, meant I broke even today.

David

David

 

2019 March 23rd Saturday

I lost interest in writing my daily blog, because they do not inspire anyone. In January and February, spent a lot of time in training mode, as the winter months are unpredictable. I still lose money constantly. The day before Cheltenham with live £5 stakes, lost £3.06
Throughout Cheltenham itself, used training mode with virtual £5,000 stakes, would have made £300 to £400 profit each day
(and that was missing the first hour of every afternoon too, as was busy matched betting).

Today with live £5 stakes, I win 3 races for a total of 29p, then suddenly lose £1.28 Ended up 99p down for the day. The markets were horrible today which didnt help. Quite a few joint favourites which I don't like.
Or the odds are too high, or too few runners. So I didnt trade that much, spent more time watching the markets. When football is on, I arb the bookies for a few £ That covers my trading losses.
Can't see myself being successful with trading at all, even though I keep wanting to try.

David

David


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