Trading What I see !?

Learn sports betting strategies and discuss key factors to consider when placing a bet.
Post Reply
Tetras
Posts: 144
Joined: Tue Nov 03, 2020 8:23 pm

Did you catch the steamer on the 15:40 at Hexham (Bushypark)? Haven't seen one like that in awhile.
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Tetras wrote:
Wed Nov 18, 2020 4:07 pm
Did you catch the steamer on the 15:40 at Hexham (Bushypark)? Haven't seen one like that in awhile.
Didn't trade that market unfortunately
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
User avatar
Wingnut
Posts: 6
Joined: Mon Nov 16, 2020 10:31 am

goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Wingnut wrote:
Thu Nov 19, 2020 3:32 pm
goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

goat68 wrote:
Thu Nov 19, 2020 3:34 pm
Wingnut wrote:
Thu Nov 19, 2020 3:32 pm
goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Hard to read isn't the same as random. Those prices eventually get to their SPs - and any analysis of sp v winrate seems to show anything but randomness.
User avatar
speedyhamster
Posts: 119
Joined: Fri Sep 22, 2017 9:58 am

goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
Would not be enough volume from Novice traders to do that, Market will seam random until you recognize what is happening and who is doing what (eg lay traders pushing price up , or backers pushing the price down, or traders bouncing the price round the crossover points .....)
User avatar
Wingnut
Posts: 6
Joined: Mon Nov 16, 2020 10:31 am

It’s not, just wait for the bigger money to show up. How many ladders do you have open? If you can see the correlations you’ll see it’s not random.
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Darn thought I had found a steamer Winc 15:42 sehayli, it was until I got on board at 4mins 😂🤣
User avatar
speedyhamster
Posts: 119
Joined: Fri Sep 22, 2017 9:58 am

Jukebox wrote:
Thu Nov 19, 2020 3:37 pm
goat68 wrote:
Thu Nov 19, 2020 3:34 pm
Wingnut wrote:
Thu Nov 19, 2020 3:32 pm


I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Hard to read isn't the same as random. Those prices eventually get to their SPs - and any analysis of sp v winrate seems to show anything but randomness.
some markets are hard to read so i personally skip those markets no trade
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

I'm using £2 stakes...
But darn frustrating 5 losses out of 5 so far
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

5 trades or 5 races?
User avatar
Wingnut
Posts: 6
Joined: Mon Nov 16, 2020 10:31 am

goat68 wrote:
Thu Nov 19, 2020 3:34 pm
Wingnut wrote:
Thu Nov 19, 2020 3:32 pm
goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
I traded 10 races yesterday and hit all 10. I'm quite picky when it comes to what I trade. I'm by no means a big player I just follow the money. Haven't traded today as the bloody missus thought it was a good idea to start decorating. However, 100% is a good day for me, I hit anything between high 60's and low 80's. Took me a long time to be able to accept when I'm wrong, but I can cut my losses quite quickly now.

Have you started screen recoding your trading yet?
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

spreadbetting wrote:
Thu Nov 19, 2020 3:47 pm
5 trades or 5 races?
5 races
User avatar
goat68
Posts: 2019
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

I suspect I shouldn't even have tried the races the last hour or so as the overlap was previous race finishing only 1-2mins before next... thoughts?
Post Reply

Return to “Betfair trading strategies”