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Tomas

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Tomas last won the day on May 4

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About Tomas

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  1. Tomas

    Cross Matching

    Sometimes you can really be matched on a better price but in general, cross matching does make the market more efficient so trading is harder. On a picture you posted, a typical strategy would be to make the market on the second favourite - to place a Lay bet @2.02 and Back Bet @2.20 and wait for them to be matched by someone. However, this could never happen because the cross matching algo would match the person on a better price than is your offer. The little left overs in calculation are a profit for Betfair. So, the real winner in Cross Matching is Betfair I think. For traders like us, it made trading slightly harder.
  2. Tomas

    1000 pre-inplay horse racing markets

    What kind of spreadsheet are you using? Is it available somewhere? I really like it!
  3. Tomas

    Tommy and his early trading

    Once you avoid those big downs, you will have a nice and steady profit. All of these big downs happened because of breaking your money management rules?
  4. Tomas

    Greetings from Bristol, UK

    Hi @eightbo, welcome to the community! It's great to have more greyhound traders around, I have just finished my little summary of my April greyhound trading challenge
  5. 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!
  6. until
    Ayr
  7. Tomas

    Masters Tournament

    until
    Date: Apr 11–14, 2019 Course: Augusta National Golf Course Purse: $11,000,000
  8. 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:
  9. Tomas

    Tommy and his early trading

    Much bigger danger is to let the loss go so high. I bet there was many possibilities to exit earlier...
  10. 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:
  11. Tomas

    April Greyhound Trading Challenge

    Hi James, yes this is achievable, you can see my challenge from the past - https://sportstradingexposed.com/forum/blogs/entry/45-im-starting-a-small-challenge-with-%C2%A325/.
  12. Tomas

    April Greyhound Trading Challenge

    Hi Ricardo, my maximum liability per market is 100 GBP maximum. Great idea with your challenge, I'm looking forward to see more traders doing it!
  13. Tomas

    Hi

    Theoretically yes, but practically the bigger the stake you are using, the lower % ROI you should be expecting. There is not an unlimited liquidity.
  14. 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:
  15. Tomas

    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!
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