Quit my job to do this as a living!

[ruthlessimon]

Look mate, you do whatever you want to, and I wish you well. Genuinely.

100% the same - I'll always be there; the question is whether you want me there

[SweetLyrics]

Just in case anyone is wondering, Simon and I aren't in any kind of non-platonic relationship!

I'm not sure this is the place to be having this discussion, but all I said was that I felt that this conversation was going nowhere - it was generating a lot of heat and no light - and therefore I was calling it a day.

We probably won't ever agree on Betfair, and my views seem to rile you, but that's fine. You go your way, and I'll go mine, and we'll agree to disagree, and keep in touch from time to time to touch base.

Look mate, you do whatever you want to, and I wish you well. Genuinely.

100% the same - I'll always be there; the question is whether you want me there

[ShaunWhite]

Let’s assume we discover an edge that works exiting @ bsp – how are you gonna execute it? Only 1 person in the world I know who can do that, & it’s bloody messy; bloody complicated!

If I could exit @ Bsp, my profitability is boosted by like 5%/10% - although I’d need to reanalyze that – but I’m pretty sure it’ll give me a boost.

You can exit at bsp using Guardian. It won't be spot on but even my system isn't because bsp can't be known to a high precision. But over the course of enough races the imbalances even out. You could also do it via Excel and some beginner's VBA.

All you have to do is calculate a closing bet (stake) at the current mid price and hive that bet away at 1.01 or 1000 with a TakeSP status. When the price or your position changes, cancel and recalculate your close, with a suitable change threshold to prevent an excessive number of transactions. Occasionally you won't have a closing trade in place if the race starts before its placed or starts between a cancel & replace but again those balance out over time.

5% or 10% for an hour's work (tops).....I did explain how to do this in an email quite a while ago. I also mentioned that it would be a feature I'd incorporate into a safety bot to help mitigate the damage of outages if I traded manually. It's not that complicated.

[ruthlessimon]

Just in case anyone is wondering, Simon and I aren't in any kind of non-platonic relationship!

But srsly mate, you overstepped the mark. My offer still holds, & it speaks volumes you aren't taking it. Not many turn down a risk free shot at £1000. If that's called heat, at least it's potentially very profitable heat

[SweetLyrics]

I don't want to debate this, but I didn't overstep any mark. I gave you my honest feedback. I make no apologies for that.

The market is a brutal place, and if you are unwilling to take a bit of straight talking on the chin, you have to ask yourself if this is the right arena for you.

As for the bet, even if Peter says that the system is a non-starter, you can say that he didn't give a good enough explanation, so have a get out, so it's not a proper bet.

Plus, if an eccentric wants to give me a grand of their money if a particular event happens, at zero risk to me, I'm not sure I'd feel comfortable accepting. It doesn't strike me as a particularly ethical thing to do; I'd feel like I was taking advantage of their foolishness (and yes, I know that's basically what profitable traders do in the marketplace, but still)...

Just in case anyone is wondering, Simon and I aren't in any kind of non-platonic relationship!

But srsly mate, you overstepped the mark. My offer still holds, & it speaks volumes you aren't taking it. Not many turn down a risk free shot at £1000. If that's called heat, at least it's potentially very profitable heat

[spreadbetting]

You two should get a room, you'll be getting Shaun jealous.

[ruthlessimon]

As for the bet, even if Peter says that the system is a non-starter, you can say that he didn't give a good enough explanation, so have a get out, so it's not a proper bet.

If certain parts of the system are invalid, I agree void.

However, if he agrees with every premise (of which there are three - which I will lay out prior), I win. If he agrees with you, no premise is correct (i.e. all 3 are wrong), you win. If "some" are right, it's a scratch. Come on mate, lets do this. Peter wants bad systems, give him one!

Plus, if an eccentric wants to give me a grand of their money if a particular event happens, at zero risk to me, I'm not sure I'd feel comfortable accepting. It doesn't strike me as a particularly ethical thing to do; I'd feel like I was taking advantage of their foolishness (and yes, I know that's basically what profitable traders do in the marketplace, but still)...

Fine, make it 50/50 then - £100 each if it makes you feel better Morally we're taking equal risk. I will match whatever you are prepared to lose <£1000

It's still a win/win cos if ya lose, ya just trade it

[SweetLyrics]

Peter is probably reading this thread, thinking 'What the actual f***?!?'

[ruthlessimon]

I am going wtf too.... How many hrs have I spent on this effin thread these last few days. It's a farce, no question!

Problem is, you've said stuff that's - simply wrong - I can't resist calling it out . & without banging my head against a wall, if ya think I'm wrong, follow it through!

[ShaunWhite]

You two should get a room, you'll be getting Shaun jealous.

No jealous, relieved not to be involved.

I'm going to have to read back thru this thread to find out what this prop bet is they're talking about.

[ShaunWhite]

I guess you saw my explanation about how to close at bsp?
If you can see 5 or 10% between your close and bsp, you should trade that seperately,ideally automated. A bot doesn't mind waiting all day for a few opportunities.

[ruthlessimon]

I guess you saw my explanation about how to close at bsp?
If you can see 5 or 10% between your close and bsp, you should trade that seperately,ideally automated. A bot doesn't mind waiting all day for a few opportunities.

Bringing me back to reality

I did see it in the mire, but yeah I'll a good look at it later, really appreciated

[ShaunWhite]

But to be professional pre-off swinger, min stakes need to be £5 a tick (at least) if we’re trading a very rigid strategy.

How did you arrive at that figure?

[ShaunWhite]

I guess you saw my explanation about how to close at bsp?
If you can see 5 or 10% between your close and bsp, you should trade that seperately,ideally automated. A bot doesn't mind waiting all day for a few opportunities.

Bringing me back to reality

I did see it in the mire, but yeah I'll a good look at it later, really appreciated

I thought it was a shiny nugget in the mire actually. Those are worth picking up.

[SweetLyrics]

But to be professional pre-off swinger, min stakes need to be £5 a tick (at least) if we’re trading a very rigid strategy.

How did you arrive at that figure?

I wondered that too, but I decided not to pursue it. In the words of Basil Fawlty: https://www.youtube.com/watch?v=s6EaoPMANQM&t=0m58s