Today's Horse Racing

[Korattt]

Today was good fun. I got my first ever clean sheet across all of the UK races... playing with £2 baby stakes in all cases... but I'll savour the moment until tomorrow probably cancels them out.

3rdjunebets.jpg

I agree, quite a nice Sunday session (in the markets that is , not down the pub ), think only 4 losses over all UK markets.. small ones at that, was able to clearly focus today

[northbound]

Today was good fun. I got my first ever clean sheet across all of the UK races... playing with £2 baby stakes in all cases... but I'll savour the moment until tomorrow probably cancels them out.

Excellent. From my experience, try and keep a weekly P/L. Don’t get discouraged if you get an average / losing day tomorrow.

[FrogThimble]

Excellent. From my experience, try and keep a weekly P/L. Don’t get discouraged if you get an average / losing day tomorrow.

Yes, I keep decent records. Each day I print out a list of all the races that I believe suit my methods and I write down next to each race how much I have won/lost. I know I could do all this just in spreadsheets but, for some reason, I prefer to have it on paper.

Today was in my favour ,in theory, anyway because there were no short flat races.

I do inplay trading on longer races (12 furlongs or greater). After experimenting with lots of stuff I've found that I consistently get my better results from these (not always winning, of course, but at least I know how to act on these races to give myself some kind of chance). I've found I might as well just burn money as try to trade anything at all on short races as I just can't judge when to enter or exit the trades on those to save my life. I'll leave those to people who understand what the hell is going on in them. Likewise the pre-off trading which I also can't judge.

[FrogThimble]

Excellent. From my experience, try and keep a weekly P/L. Don’t get discouraged if you get an average / losing day tomorrow.

Yes, I keep decent records. Each day I print out a list of all the races that I believe suit my methods and I write down next to each race how much I have won/lost. I know I could do all this just in spreadsheets but, for some reason, I prefer to have it on paper.

Today was in my favour ,in theory, anyway because there were no short flat races.

I do inplay trading on longer races (12 furlongs or greater). After experimenting with lots of stuff I've found that I consistently get my better results from these (not always winning, of course, but at least I know how to act on these races to give myself some kind of chance). I've found I might as well just burn money as try to trade anything at all on short races as I just can't judge when to enter or exit the trades on those to save my life. I'll leave those to people who understand what the hell is going on in them. Likewise the pre-off trading which I also can't judge.

[FrogThimble]

Sorry for the double post... due to poor editing. If any moderator wants to delete the first one where I messed up the nesting then that's fine by me.

[napshnap]

Excellent. From my experience, try and keep a weekly P/L. Don’t get discouraged if you get an average / losing day tomorrow.

Yes, I keep decent records. Each day I print out a list of all the races that I believe suit my methods and I write down next to each race how much I have won/lost. I know I could do all this just in spreadsheets but, for some reason, I prefer to have it on paper.

Today was in my favour ,in theory, anyway because there were no short flat races.

I do inplay trading on longer races (12 furlongs or greater). After experimenting with lots of stuff I've found that I consistently get my better results from these (not always winning, of course, but at least I know how to act on these races to give myself some kind of chance). I've found I might as well just burn money as try to trade anything at all on short races as I just can't judge when to enter or exit the trades on those to save my life. I'll leave those to people who understand what the hell is going on in them. Likewise the pre-off trading which I also can't judge.

Not my business, but you lose shtload of time doing this. Let excel do all routine for you, save your time.

[northbound]

Hazapour was amazing
Hazapour_14183521_16_29_04.png
Hazapour_14183521_16_34_10.png

Yep, markets are indeed totally efficient

[ShaunWhite]

Hazapour was amazing
Hazapour_14183521_16_29_04.png
Hazapour_14183521_16_34_10.png

Yep, markets are indeed totally efficient

It was only moving between a 5% chance and a 3.3% chance. I'd say that's within the margin of error for judging the likelihood of a very ordinary horse to do well.

What do you mean by efficient? A 100% book, an accurate SP, or accurate price at any point in time?

[northbound]

Hazapour was amazing
Hazapour_14183521_16_29_04.png
Hazapour_14183521_16_34_10.png

Yep, markets are indeed totally efficient

What do you mean by efficient?

It was a sarcastic remark.

It was my way of agreeing with Peter when he claims that markets are both efficient and inefficient: it depends which way you look at them.

Sometimes we want to over analyse things and desperately look for a formula that describes accurately where a price has been and where it will go.

When in fact a different / simpler pair of glasses would suffice.

I lost count of how many “mountain top” charts I saw during last winter racing. Certainly took advantage of plenty by simply positioning myself at speculative prices well outside the current range.

[ShaunWhite]

Sometimes we want to over analyse things and desperately look for a formula that describes accurately where a price has been and where it will go.

When in fact a different / simpler pair of glasses would suffice.

It's called screen time/experience.
Everyone agrees it's an absolute essential but what's learned from it obviously can't be expressed as formulas or rules because if it could, it would be taught (at a hansom price) and the screen time wouldn't be necessary.

[FrogThimble]

Not my business, but you lose shtload of time doing this. Let excel do all routine for you, save your time.

It takes me only 20 minutes or so each evening to look at the next day's races, work out which ones I'll be playing, and type up and print out a list of the selected ones. It helps me to focus - as does making hand written notes of the results on my print out after each race has concluded. Different things work for different people so I must just be the kind of person who needs to do these tasks by hand.

[ShaunWhite]

It helps me to focus - as does making hand written notes of the results on my print out after each race has concluded.

Writing does indeed stimulate a different part of the brain but how will the handwritten notes be useful once you have several thousand of them? Add an extra 2mins typing them in excel and you can slice and dice them anyway you choose in the future or any way you haven't even imagined yet.

[northbound]

When in fact a different / simpler pair of glasses would suffice.

It's called screen time/experience.
Everyone agrees it's an absolute essential but what's learned from it obviously can't be expressed as formulas or rules

+1

[FrogThimble]

Writing does indeed stimulate a different part of the brain but how will the handwritten notes be useful once you have several thousand of them? Add an extra 2mins typing them in excel and you can slice and dice them anyway you choose in the future or any way you haven't even imagined yet.

Good point. Yes, it's Excel that I'm using to create the lists that I print out in the first place - so I guess it would make sense type the results back into it.

I think I'll sit the rest of today out now though. I'm not really feeling it today so far as concentration goes and I've made 2 really obviously avoidable errors in the last 2 races I've played.

[Derek27]

Not a good day for scalping, got bitten on the bum a couple of times.