Trading Bank(s)

[iambic_pentameter]

I'm now at a point where I'm starting to become a bit more consistent - £4 a day from a £100 trading bank.

Over the coming months, I'm going to increase my trading bank and would welcome advice.

Presently, the £100 bank is all on Betair i.e. I don't have anything in Betdaq.

Let's say I increase my trading bank to £400, would I better to have £200 in BF / £200 in Betdaq?

I've not been trading when BF goes down but obviously this will happen at somepoint.

Also, what percentage of your bank would you use on a position - I'm presently using 10% and then adding up to another 20% of the bank if the move goes in my favour. In effect, I have 30% of my bank on a position - I wonder if this is too high.

Thank you.

[Dallas]

Also, what percentage of your bank would you use on a position - I'm presently using 10% and then adding up to another 20% of the bank if the move goes in my favour. In effect, I have 30% of my bank on a position - I wonder if this is too high.

It largely depends on your trading style and level of risk your prepared to accept, but if your happy with those then continue to use them

Let's say I increase my trading bank to £400, would I better to have £200 in BF / £200 in Betdaq?

Its good practice to have a funded betdaq account as a backup but just bear in mind you would need to have enough to cover just the potential lay liability in betdaq - ie if you had a £25 back @ 11.0 on BF you would need just over £250 in Betdaq to cover your liability to scratch using BD

Its good practice that as soon as you open a poisition in BF to get into the habit of placing a equal stake outside the current price and taking SP as BF will still reconcile these if there server goes down so you wont end up with a total loss (just remember to cancel or amend as you close your poisition)

[iambic_pentameter]

Its good practice that as soon as you open a poisition in BF to get into the habit of placing a equal stake outside the current price and taking SP as BF will still reconcile these if there server goes down so you wont end up with a total loss (just remember to cancel or amend as you close your poisition)

Hi Dallas,

Thanks for your reply.

Can you give me an example re the above, please?

Many thanks

[Grinderman]

If you lay a horse for a liability of £200 and the site crashes, if the horse wins you lose £200 as you have not greened up. Your back bet is still sat there and can't be matched as the site is down.

But, if you had a back bet for £20 at 1000 with the take BFSP checked, Betfair would settle your back bet after the race when the site came back.

[iambic_pentameter]

Thanks, Grinderman.

[Grinderman]

Personally, I open a new browser tab for every open position I have. So, if there's a crash, I have a snapshot of the market at the time. Not 100% accurate, but gives me an idea of what I need to do to get me out of the brown stuff.