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  1. Yesterday
  2. Tomas

    Hello I’m Paulo Faria

    Hello @Paulo Faria, welcome to the community! Feel free to browse around and ask questions if you want to know something.
  3. Paulo Faria

    Hello I’m Paulo Faria

    Hello. My name is Paulo Faria. I'm from Barcelos, northern Portugal. I'm new to the trading world and I'm here to learn and later I can make my contribution. Thank you for this opportunity to learn.
  4. Paulo Faria

    Paulo Faria

  5. Last week
  6. Earlier
  7. Chris75

    Back to Lay Selections by Chris

    Back To Lay Trade - Sheikhzayedroad - 3.35pm Doncaster My initial choice, Thomas Hobson, is too short for me hence the second choce of Sheikhzayedroad. Although on paper, the stats aren't spectacular in terms on in running lows, we are looking at horse whose trainer is in form and has a good record here - worth noting that the same trainer has another runner in this race, Algometer. As this is a long distance flat race, noted that Sheik (for short) has done the business at course and distance. Sundry points are that the horse is familiar with the hood and also the jockey on board today. When running here last year, went around 75% lower in running and given the quality of the race, see no reason why this shouldn't happen again. Going to look to cover stake at 30% lower and green up for 50% should the opportunity present itself.
  8. Tomas

    BETDAQ Trading Challenge - Day 2

    The second day on Betdaq was quite similar to the first one. Lots of bets in limbo. I don't know if that is a problem/bug of the software (both Geeks Toy and Bet Angel do this) or Betdaq API. I think it's a problem of Betdaq API. My internet connection is okay and I tried to trade on Betfair to compare it. This is a major problem limiting my trading experience on Betdaq right now. On the following screen is my API settings manager - I lowered some numbers in order to be sure I won't be blacklisted: My API settings Generally, I found some Betdaq markets to be nice and liquid. On the other hand, there are races which are not that liquid and trading them using my scalping style is a pain. I need to be more selective. I would say half of the races are quite okay for trading, however, not all of them are ideal for my style of trading. I am a scalper and I like to enter & exit the market very often, while doing many scratches. There is a liquidity in these markets but bets are not filled very quickly. Betdaq prices just copy the move from Betfair - the core of the market, the engine - it's still on Betfair. Betdaq is definitely an excellent choice for traditional bettors or swing traders. For me, it's little bit more complicated but not impossible. I like trading on prices below 4.0 on Betdaq. It seems like there are more opportunities for me probably because horses with lower prices are considered to be favourites and people bet more on them. I have made a short video from my trading, showing some bets in limbo as well. Bet in limbo.mp4 You can see my screen setup for Betdaq - I use a tick graph because the default Betdaq graph is not available in the software. I also have the betting exchange website opened in case of emergency. Profit & Loss statement: My bank: Stats: 14 races traded 4 losing trades 71.4 % strike rate My strike rate is nice, but those bloody bets in limbo are accountable for some of these losses. The biggest losing trade was in Listowel where a late withdrawal happened. The market was suspended for quite some time before Betdaq removed the runner. In the meantime, the market turned into in-play. And exiting in-play on Betdaq is a nightmare in-play market on Betdaq is a ghost town with some bots. Bet in limbo.wmv
  9. Chris75

    Back to Lay Selections by Chris

    Sorry for the delay in posting the outcome of the trades from Wednesday - a little busy here in the house of Chris with a potential house move and various cats keeping us awake at night. Lesson learnt from the trading - a lack of sleep and trading in running do not go well together and I wasn't as sharp as I could have been. No harm done as was staking correctly but not my finest hour :-) The first 2 did trade at 50% or lower than BSP and the others didn't. The lay to back did go from 4.86 to 8 in running so was right about that (although it did win) but I wasn't involved.
  10. ron

    Back to Lay Selections by Chris

    cheers chris glad your doing ok
  11. Chris75

    Back to Lay Selections by Chris

    Back to Lay Trades for 12th September 2018. Doncaster 2.25pm Fanaar - remove liability at 30% lower and green up at 50% if possible. Carlisle 2.35pm Big Boots - remove liability at 30% lower and green up at 50% if possible. Uttoxeter 2.50pm Val Mome - looking to just green up 30% lower in running Uttoxeter 3.25pm Sky Pirate - looking to just green up 30% lower in running Doncaster 4.05pm Spirit of Appin - remove liability at 30% lower and green up at 50% if possible. Kempton 7.45pm Twister - - remove liability at 30% lower and green up at 50% if possible. Potential Lay to Back Trade: Doncaster 5.15pm Saheeq - was favourite in the early morning markets but been off the track for over a year and the draw is less than ideal meaning, this could drift in the morning markets (4.5/4/6 as of 10.56am) and I'm not entirely convinced it will win.
  12. Chris75

    Back to Lay Selections by Chris

    Hi Ron, Sorry for the delay in replying - as I've been trading on Betdaq, it's not always possible to get out in time which isn't ideal. The good news, is that I'm going to be back on Betfair later this month which will make getting out easier. I personally don't think you can rely on a fixed stop loss as we both know it can fly past it it without getting matched. Coming back to Betfair, I'm hoping to be able to automate my B2Ls which will be good.
  13. ron

    Back to Lay Selections by Chris

    are you watching the prices in running as the race is on and then scratching etc or using a stop loss
  14. Guest

    BETDAQ Trading Challenge

    Tomas Thanks for that - I'd not seen this before. Chris
  15. Chris75

    Back to Lay Selections by Chris

    Ascot 2.45pm Cape Byron - scratched trade Ascot 3.20pm Beshaayir - traded out at 50% lower so winning trade Thirsk 5.30pm Makanah - losing trade as only hit 24% lower Kempton 5.35pm Margub - traded out at 50% lower so winning trade Neither happy or unhappy with that - stuck to the plan, got a profit and tomorrow is another day.
  16. Chris75

    BETDAQ Trading Challenge - Day 1

    Hi Tomas, Good results and I have no doubt with your trading experience, you will adapt to Betdaq - after all the years on BetFair, it will feel different. I've attached my best day from Betdaq and a decent day from Betdaq but, some of the trades were in play and I still make stupid mistakes with my discipline but I hope it shows what can be achieved even if you are like me.
  17. Tomas

    BETDAQ Trading Challenge - Day 1

    I have started with the challenge today. I had no expectations or goals, I just wanted to observe how markets behave on Betdaq. As mentioned in my previous post, I am not connected to Betfair at all. I want to see if I can recognize trading patterns solely by using Betdaq. The short answer is yes - I can see some opportunities. However, I have also discovered few hurdles along the way. Betdaq API The first issue is the Betdaq API. It's not as advanced as Betfair API. You can't get quick streaming prices from Betdaq and if you refresh too often, you can be blacklisted. Then, you won't be allowed to place bets via API. Until I understood what's going on, it caused me several losing trades. It's a very good idea to have Betdaq website opened when trading. I have used the cash out button on their website many times today. The other thing with Betdaq API (or the software itself?) is that sometimes, bets are sort of "stuck in limbo". I have made two screenshots, both from Bet Angel & Geeks Toy to show you that it was happening in both of them: On the second Ladder, you can see my £10 Back bet @3.85. It should be matched but the software doesn't show that. It caused me some confusion until I figured out what to do. Another case - in the first Ladder, you can see that I do have an open position. However, Betdaq website shows that my position is hedged. Which is true? Betdaq website. In the software, it sometimes freezes like this and I had to check my position on the website. It happened in both Bet Angel & Geeks Toy several times during the day. Bet in limbo - it seems like an API call is lost for 18 seconds. That's true, but this particular API call should place my Back bet and close my position in the market. This is not an ideal situation because I had to manually submit another Back bet and wait if the lost bet will go through. It went through after a while and I had an open position again. As you can see, all of that happened after the official start of the race. Quite risky situation and I don't know how to avoid it. It only happened once today. Again - software is showing me an open position in the market but the website tells me quite opposite. Until I discovered what is happening in the market, I lost some money. So that's it - I wasn't able to rely on the trading software 100% of the time. That is quite disappointing but I think I can work with that. The important fact is to understand that Betdaq website is the single source of truth about my position. In the case of emergency, I have to check the website and close my position there. Other than that, I was quite happy with Betdaq. Since I last traded there, the liquidity has definitely improved. I am curious how the markets will look like during the week, Saturdays are always stronger... My Results: I started with £50 in my account: And I made this result: Current Bank: Stats: Markets traded: 36 Losing trades: 15 Strike rate: 58.3% I think there is a big room for improvement of these results because many of the losing trades were caused by misbehaving software. It's just a start of a small adventure and exploring something new. Does anyone have some experience with trading on Betdaq?
  18. Tomas

    BETDAQ Trading Challenge

    Chris, now I have found this option in Bet Angel:
  19. Chris75

    Back to Lay Selections by Chris

    Selections for Saturday 8th September 2018 Looking to cover stake at 30% and green up at 50% lower: Ascot 2.45pm Cape Byron Ascot 3.20pm Beshaayir Thirsk 5.30pm Makanah Kempton 5.35pm Margub
  20. Chris75

    BETDAQ Trading Challenge

    Hi Tomas, Thanks for the explanation on Betdaq - well written, easy to understand and I'm ashamed to say I was going off the Bet Angel figures. I've learnt something today, though, and that is always a good thing. Best of luck with your challenge on Betdaq and I'll check out the WowApp messenger. Have a profitable, peaceful and enjoyable weekend. Chris
  21. Rakz0r

    BETDAQ Trading Challenge

    Nice 1 Tomas, good luck
  22. Tomas

    I'm starting a small challenge with £25

    I won't open Betfair at all. I've explained here:
  23. Tomas

    BETDAQ Trading Challenge

    Hi there, it's almost a year since I started this challenge and now, I would like to do a little experiment with BETDAQ. Why experiment? Well, because I have never been trading on Betdaq regularly. I only used Betdaq form time to time during the Cheltenham Festival or Royal Ascot. I really don't know if I can make money there because my plan is to only be connected to Betdaq exchange during the trading. In other words, I don't want to watch how the market is doing on Betfair. I would like to know if it is possible to trade just by watching the price action (that is something I was doing on Betfair for more than a decade). I never watched fundamentals like horses, jockeys, their form/fitness or weather on the track. I only observed the demand & supply in the trading software and I made my trading decisions when I recognized some pattern. The other argument to watch only Betdaq is that I have always been a scalper. A scalper is someone who does quick decisions and reacts to small market movements most of the time. I believe there is not enough time for me to watch one exchange and put orders on the second one. I tried this in the past and it only caused me a headache Also, arbitrage seems to be already made by automated bots and there is not enough room for a manual trader to arb between Betdaq and Betfair. Bots are almost always quicker and they are probably deployed on a server close to the Betdaq servers to minimize latency. This is going to be a small adventure (I will probably start tomorrow) because I will have to adapt on much lower liquidity. By the way, I have made a post about liquidity on Betdaq: I'm Supporting Betdaq As you may know, I don't really like Betfair because of their monopoly practices. I have decided, purely on my own, to support Betdaq on this website. If you don't have a Betdaq account, you can open it using my link or by clicking on any of the Betdaq banners on the website (I will receive a small commission if you do so). Real-Time Trading Chat on WowApp I've opened a real-time trading group chat in my favorite WowApp messenger. If you want to join, you have to use this link (or click any of the banners on this website). Some people were interested about what am I doing when I don't trade much anymore. WowApp is one of the things I'm quite heavily invested in. It's also the only place where you can connect with me in real-time. If you have any questions, ask me in the comments!
  24. Tomas

    I'm starting a small challenge with £25

    @Chris75, I have elaborated here:
  25. Tomas

    Betdaq Liquidity Explained

    @Chris75 asked if someone could elaborate on how the liquidity is calculated on Betdaq versus Betfair... Let's do it. There is quite a big difference in how it is calculated on those two exchanges and this calculation often makes Betdaq looking much better than it actually is. To be fair, in certain situations the opposite could happen - meaning that on certain races liquidity on Betdaq could look worse than on Betfair. Let me explain... Betdaq Liquidity Works Like This: When I match a £100 Back bet @2.00, Betdaq adds up £200 to the total matched volume When I match a £100 Back bet @1.01, Betdaq adds up £101 to the total matched volume When I match a £100 Back bet @1000, Betdaq adds up £100,100 to the total matched volume Do you get the idea? They add up my Back bet of £100 together with a Layer's liability at the price my bet is matched on. On Betfair, it doesn't matter if I match my £100 Back bet @1.01 or @1000. They would simply add up £200 (= 2x the Backer's stake) to the total matched volume. And that is the reason why liquidity on Betdaq often looks much better than it actually is. The simple pattern is that the more bets are matched on prices above 2.00, the better the total matched volume will look on Betdaq. The higher the price is matched on Betdaq, the more it will add to their "liquidity". Real World Example: I have made a screenshot of the race at Ascot. It's little more than hour before the start of the race: You can see three highlighted numbers in the screenshot. On the left, there is a liquidity as displayed on the Betdaq website. On the right, you can see the Betfair liquidity. And finally, in the middle, you can see Geeks Toy software which does display the Betdaq liquidity by using the Betfair methodology & calculation. So, if you really want to compare Betdaq versus Betfair, you have to use the numbers from Geeks Toy. It seems like Bet Angel doesn't re-calculate this so you can't really compare. Edit: Bet Angel does offer this calculation as well. Just go to settings and switch: Right now, the liquidity on Betdaq for this particular market seems to be just 3.8% of Betfair's volume. I will do a screenshot and update this topic just before the start of the race to see if it improves by then... Edit: Ok, so I have captured two additional screenshots from the same race. The first one is just a few seconds before the start of the race: You can see that Betdaq website shows 4.77 times higher amount of matched volume than Geeks Toy. And as we know, Geeks Toy is the metric which should be used when comparing with Betfair... Anyway, the Betdaq's share has grown quite significantly from 3.8% of Betfair's volume to 12.72% of Betfair's volume. That is a good news actually. Let's look at the volume after the race is finished: After the race is finished, Betdaq website shows 4.41 times higher amount of matched volume than Geeks Toy and Betdaq's share has dropped from 12.72% of Betfair's volume to 10.45% of Betfair's volume. Explanation is simple - people traded less during in-play on Betdaq.
  26. Chris75

    Back to Lay Selections by Chris

    I was pleased that I didn't get involved with Volcanic Sky - I believe it went off at 1.26 but ended up losing after trading at 1.01. Obviously the start price was way too short from a B2L perspective but it is a stark reminder that, in racing, nothing is a certainty! No selections from me today as I've got a few other priorities.
  27. Chris75

    Back to Lay Selections by Chris

    Update from me: Having looked at the racing based on the filters I use; likely to trade lower in running and good draw draw, couldn't see anything obvious for today so no trade. I did like the look of Volcanic Sky in the 8.15pm at Chelmsford City but the price is a little bit too short to get involved.
  28. Chris75

    Back to Lay Selections by Chris

    Results from yesterday: Impulsive American traded around 76% lower in running - Winning Trade Master Sunrise traded 5% lower in running - Losing Trade TImespan traded 26% lower in running - Losing Trade Therefore, a losing day but here is the thing, I am actually okay with that. Posting the selections up here has been a really useful exercise and it's taught me to be more accepting of my losses. I'm hoping to be back with a selection for today shortly!
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