Jump to content

> Join our real-time trading chat on WowApp
> Why WowApp?

Sign in to follow this  

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

Sign in to follow this  
Tomas

573 views

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:

PL suspend.jpg

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:

PL.jpg

Nothing I can say about that, I just traded a few races with a small stake.

4th April:

PL.jpg

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:

greyhounds manipulation.jpg

Ridiculous amounts on ridiculous prices. Clear manipulation. 

Stats for the last three days:

stats last three days.jpg

Condensed stats:

condensed stats.jpg

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:

image.png

 

 

Sign in to follow this  


1 Comment


Recommended Comments

Yep greyhound and countdown, I feel you in that topic Tom 😀 If you will continue on greyhounds then be careful with your open positions or stakes left on ladder until very late stage. I saw very big moves,spikes,trends when other traders try and hedge their positions. Usually when you see on stream how they are loading dogs into traps you better be gone from market already. This is my observation from last days. It was not that huge thing for example month ago.

  • Like 1

Share this comment


Link to comment
Guest
You are commenting as a guest. If you have an account, please sign in.
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


> Join our real-time trading chat on WowApp
> Why WowApp?



  • Recent Blog Entries

  • Recent Blog Comments

    • well done zitlor..slow and steady is the only way it seems..good luck for future
    • Thank you for the response to my blog. Yes, of course you are right in terms of the ideas and pointers provided by Thomas while the main ability is the skill of recognition (pattern recognition) to see where and then when to be operating in a market. The immediate usefulness for me is the realisation of the necessity to be in and out quickly, (bet/scratch/bet/scratch again and again). I find myself having a series of small losses but these will be offset against a far more substantial win. This will do for me while I improve my "sense" of timing. Mind you, at 70 years young and while being very fit for that age, my reactions are not what I would desire. That can be practised! Good luck, my friend!
    • I've been at this for a few months now and have come to the conclusion what Tomas provides here for free is fantastic in that it  gives you ideas and points you in the right direction but in order to realise the subtle differences between when to apply these strategies and when not to it takes countless hours of screen time. There's simply no short cut.  I think most will give up well before they get there but those who do make it to earning a professional level income, say at least the annual minimum UK wage, are perhaps 1 in 500 to 1 in a 1000 on Betfair. Closer to 1 in a 1000 I'd imagine. I've no idea if I have the inherent pattern recognition ability to succeed but I've given myself 2 years and I'm going to give it my best shot.  Good luck and if you feel like posting a regular blog of your progress I'll read it.
    • Thanks @Tomas I started with realistic expectations so I'm very pleased with the slow but steady progress I've made. I've no doubt I'll need the full 2 years I gave myself from the start if I'm ever to progress onto making real money in the big boys playground of UK horse racing. Time will tell but I've really enjoyed it thus far so I'm happy to patiently wait and see what happens. 
    • So you have cracked it, congratulations! I think that more people would be interested on how you are doing in the future. Any future updates are still welcome  
×