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SomeBloke

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SomeBloke last won the day on August 30

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  1. SomeBloke

    Sardo's pre-race trading bonanza

    That's pretty much how I trade at the moment, just taking a few ticks at a time, when I'm more than 50% confident that the market will move in a certain direction. Whether you scalp or swing trade, there is always the chance that someone will drop a big bet into the market, and move the price 10+ ticks up or down. Sometimes this goes in your favour, sometimes not.
  2. SomeBloke

    Sardo's pre-race trading bonanza

    Hi Sardo I'm not sure if it's possible to scalp greyhounds and US markets the same way you can scalp UK horse markets, or maybe U/O goal markets, but there are other ways to trade these markets, as Tomas shows in his videos. Personally, I struggle with greyhounds, even though I can see opportunities - I suspect a lot of activity in greyhound markets is from 'bots', and I can't compete with that. Caan and others make scapling look easy - and in the right market it can be easy, but the price can suddenly and quickly go against you. If you can predict the direction of the market (and be right more often than wrong), then swing trading is a safer option - at least that's my opinion, and how I usually trade Cheers, and happy trading!
  3. SomeBloke

    Betfair outages protection

    Hi Omruds I think the short answer is no - we have to accept that Betfair will crash, and we will lose money. Steve Howe/Mug's Game has a video on this. I haven't watched it recently, so I can't remember all the advice he gives, but maybe it will answer your questions: https://youtu.be/fm-bf93UtzY I understand some traders always have a smart phone or tablet handy, so if they lose the internet, they can still connect to the Betfair or Betdaq website via mobile connection. If/when Betfair has an outage, your options are limited. Betfair has a status page that may give warning of problems: https://status.developer.betfair.com/ Some experienced traders advise using the Take SP option - this means setting your software to place all bets/trades as Take SP. If betfair goes down, any unmatched bets should be matched at the Betfair Starting Price when the market goes In Play (there are conditions, minimum bet sizes that will be matched at SP... details somewhere on the Betfair website). Others will place closing Take SP trades well away from the current price, as a sort of insurance. If there are no problems, they cancel these orders when hedging. If there are problems, hopefully those closing bets get taken at SP, and it will reduce any losses or liability. Betdaq is a good backup option if you are using small or modest stakes. As you probably noticed, liquidity on some markets is very poor, though. Again, I think most serious traders recommend having Betdaq as a backup. Like you, I don't have a large bank, but I've avoided losses so far... If there is even a hiccup with Betfair streaming, I take some time off, or use Betdaq Cheers, and happy trading!
  4. SomeBloke

    Cross Matching

    I agree with you guys. Cross matching benefits Betfair, but not so much the traders. Just out of curiosity, I threw some numbers at the ArbCruncher website, as I can see a very small advantage... Based on the photo I posted, the favourite has a best back price of 1.89, and the is only £13 available. If I lay at 1.89 and get matched (should be easy with only £13 in front of 1me), then lay the other player at 2.10 (where there is cross matching activity), I would make a small dutching/bookmaking profit of 0.53%. Hmm, I think there are easier ways to make pennies!
  5. SomeBloke

    Cross Matching

    Hello all When trading greyhound and tennis markets I noticed something curious - where there are big gaps, money was being matched on both sides of the book at the same time, in the middle of the gap - in this case at odds of 2.10 in a tennis match: My first thought was that someone's bot was self-matching (maybe to generate commission towards PC), but now I think this activity is Betfair's cross-matching bot. The activity always seems to be at opposing odds - 1.90 and 2.10, or 1.50 and 3.0 for example. What do you guys (and girls) think, and can we take advantage of this x-matching bot somehow? I've managed to close a position at better-than-available odds by placing my closing bet where I could see x-matching activity, but that's not really a strategy to take advantage of it...
  6. My vote is for 'Other' - BotBeetle. I discovered this software a couple of years ago. It still feels like beta software sometimes, but the developer is very quick to fix bugs and add new features. I'm really impressed that the developer wrote a new dutching window from scratch, rather than trying to 'tack on' features to the existing window. (take notes, geeks toy and bet angel...)
  7. SomeBloke

    Greetings from Bristol, UK

    Hello eightbo I recognize you from the BA forum. Welcome to the forum, it will be good to have your input here. Happy trading!
  8. SomeBloke

    Build up of money on the ladder

    Hi Dunken When I first started trading I had the same problem - I thought my entry was good, but the market often went against me. Now I have a better 'feel' for the markets it doesn't happen so often. Totally agree. I'm learning to 'trade order flow' - how is money flowing (being matched) at the back and lay prices? A really good quote I read on a blog somewhere (sorry, I forgot exactly where...) "Trade what you can see, not what you want to see"
  9. SomeBloke

    Hello people

    Hello fellow traders I've been trading for a while now, mostly as a hobby, and hoping some day I could make this my main income - or at least a healthy second income. I reached the point where I was profitable overall, but not making progress and getting bored with trading. Tomas's course has helped to fill in the gaps in my knowledge and understanding. I've started to enjoy trading again, and I feel more confident when I open a position, more 'in control' of the situation. Thank you Tomas for providing this course! Happy trading everyone!
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