Sceptical

[Kafkaesque]

my take on trading is … it can't be taught it has to be learned.

I feel like this is a strong point of emphasis. That said, it is perhaps a bit too on the nose. I'd rather say that trading...has to be primarily learned, not taught; anything you're being taught is just bits and pieces you need to jigsaw into the learning process.

[Trader Pat]

In my opinion this forum is of no help to anyone. Apart from the closed nit mafia type group.

- The bots shared should come with a big disclaimer as none of them are going to make money on there own.

There is already a disclaimer of sorts with the shared bots. I've seen Dallas say a hundred times that they need to be tweaked and are just a guide to whats possible.

- No help is given to newcomers on ideas. Its more like a protection racket.

I think this thread and many other threads prove that statement is wrong. There are lots of people willing to help out with all kinds of problems.

- Any help that is offered is soon dismissed, ridiculed or shouted down.

Sometimes true but generally the forumites are a pretty helpful bunch

- Far too much conflicting information between closing trades before the scheduled start or letting them go in play otherwise apparently your losing value. Peter always closes out trades on his videos, so WTF is going on then in reality ?

You're going to get different opinions because there's more than one way to trade.

- And as for people posting P&L which to newcomers must look like a dangling fish is just dick swinging.

Completely disagree. Posting P&L's isn't to everyone's liking but it shows whats possible and not just at the higher end. There are plenty of people who post modest P&L's and that can give encouragement to traders starting out.

My updated advice to newcomers would be to just move a long, you wont learn anything here, buy extra lottery tickets or scratch cards each week and don't bother wasting your time as your chances of making money or getting any real help are 1,000,000,000,000 to 1.

I have to ask the obvious question, if you believe the forum is of no value then why be part of it?

[Diacritical Quark]

i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly.

Maybe you're just trading the markets, and in a style that just doesn't suit you. There's plenty of people who try to emulate someone else and fail until they find their own way to do it. If you don't like jumpy markets, and I don't blame you, then how about tennis or pre-ko football, or cricket, snooker, darts, baseball. And rather than trading manually how about automation, or semi-automated trading. How long have you been trying? It took me a couple of years before I became consistant and much of that was realising I wasn't cutout for one style and then working on another. And if that had failed I'd have tried a different way still. You only fail when you stop trying.

It's hard though, but if it wasn't then everyone would be doing it. But if you doubt that people can profit from the price of something bouncing up and down then look at the City, an empire built on price uncertainty.

If I could recommend this post 100 times I would. I've been trading not only Betfair but spreadbetting for the best part of 15 years. It is only now that I have found something that suits the way I trade. I tried for years to scalp pre race markets, I watched countless videos on YouTube and I still to this day cannot do it. I have however taken a £50 account to nearly £300 over the space of 2 months with £2 stakes semi automated using BetAngel. Not once did I think it wasn't possible to make a full time living out of trading.

It's a hell of journey and it takes some longer than others, some will give up right when they're about to have that break through....

[Jukebox]

In my opinion this forum is of no help to anyone. Apart from the closed nit mafia type group.......

I suggest you take a look at the Greyhound Mystique thread. It started with a user sharing his tried and tested (over three months) method of predicting trends in greyhound prices before the off and for some time even his predictions for the next day of which were likely LTB or BTL selections. Contributors on that thread shared information on automating the process of identifying the selections through such means as data scraping and various types of related automation and regularly posted up their p/l's

[jimibt]

In my opinion this forum is of no help to anyone. Apart from the closed nit mafia type group.......

I suggest you take a look at the Greyhound Mystique thread. It started with a user sharing his tried and tested (over three months) method of predicting trends in greyhound prices before the off and for some time even his predictions for the next day of which were likely LTB or BTL selections. Contributors on that thread shared information on automating the process of identifying the selections through such means as data scraping and various types of related automation and regularly posted up their p/l's

lol -it was Archery1969 that started and curated that thread

[sniffer66]

And now I'm confused

[malgilb]

I apologise for my post that started this discussion. I'd had a bad day and it came out in the post.

[Emmson]

Those charlatans who are marketers before they are anything else do bring newbies into the markets that many here feed off.

EDIT

But I do think if someone is selling stuff and they are not even profitable they should be EXPOSED by betfair.

[jimibt]

And now I'm confused

i think it's a glitch in the matrix!!

[sniffer66]

And now I'm confused

i think it's a glitch in the matrix!!

I did wonder if it was a tongue in cheek post by Archery, given that thread.

[Derek27]

In my opinion this forum is of no help to anyone.

That explains why you haven't even got to your 600th post.

My updated advice to newcomers would be to just move a long, you wont learn anything here, buy extra lottery tickets or scratch cards each week and don't bother wasting your time as your chances of making money or getting any real help are 1,000,000,000,000 to 1.

Why didn't you take your own advice, or do you think you're one in a trillion?

[Emmson]

In my opinion this forum is of no help to anyone. Apart from the closed nit mafia type group.

BS

There is more sage advice on here than anywhere else and its not close ...and there are false trails here too.

[jamesg46]

That Dog has run 3 times since November at that distance and only won 1 time. So 1 / 3 = 0.33 * 100 = 33%. 100 / 33 = 3.0 roughly. My calculation may not be very scientific but there is no way the Betfair odds should have been 2.10 etc. So to me it was an obvious LTB trade or straight lay if gambling.

Hope that makes sense.

That's quite foolhardy maths Archery. Does that mean an unbeaten runner has a 100% chance of winning, and 5 dogs that have each won their sole race will have chances that at up to 500%?

What if a horse wins a maiden, gets placed in two group races, and then runs in a low grade novice, and starts at 1-5? That would be a lay to back or straight lay simply because it's won 33% of it's races?

Maybe i didn't explain it too well. I already look at previous race times, split times, grades and other stuff as per my original greyhound thread. That dog i mentioned had a whole heap going against it as it also wasn't the fastest dog in the race. There was no reason i could see that the odds should have been so low on BF etc. There have been many more of those today.

[user_id=14766]

That's why I like him

He lit plenty of forum threads on fire as well, old habits die hard I guess

We now know all those times he says he's nipping out for a packet of fags thats it's jusr code for I've gone to buy a box of matches and look for a bench to burn.

and if he appears on the rant thread afterwards it's really because they were all occupied or not yet been replaced since his last escapade

I always knew tbh but would never snitch to mods

Some of those old Luke's threads are still smoldering.


[/quote]

[Diginet]

I'm afraid i am starting to get Sceptical about sports trading and what is being claimed by those that apparently make a success of it. I am not the cleverest person in the world but am far from the dumbest. I have viewed all the trading videos once , twice and sometimes many more. I have read the user guide until my eyes hurt and have purchased and downloaded "An Expert Guide". I have tried everything out many, many times. I'm not claiming that there is any dishonesty going on but i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly. I am not normally a sceptic and would like someone to prove without a doubt that trading on sports can be a way of making money.

I would suggest downloading Camtasia record the action of the market you are trading and just watch. I have done this everyday for 3 months and I am starting to see patterns in horse racing. I also find just putting in 1 bet either back or lay and letting it play out until post (in practice mode. See how the markets move and react make notes on type of each how many runners there are times the markets move ect then see where your at.

[sniffer66]

I'm afraid i am starting to get Sceptical about sports trading and what is being claimed by those that apparently make a success of it. I am not the cleverest person in the world but am far from the dumbest. I have viewed all the trading videos once , twice and sometimes many more. I have read the user guide until my eyes hurt and have purchased and downloaded "An Expert Guide". I have tried everything out many, many times. I'm not claiming that there is any dishonesty going on but i cannot see how anybody can predict or work out where the price is going with the way it jumps about so badly. I am not normally a sceptic and would like someone to prove without a doubt that trading on sports can be a way of making money.

I would suggest downloading Camtasia record the action of the market you are trading and just watch. I have done this everyday for 3 months and I am starting to see patterns in horse racing. I also find just putting in 1 bet either back or lay and letting it play out until post (in practice mode. See how the markets move and react make notes on type of each how many runners there are times the markets move ect then see where your at.

Bandicam isn't bad either, for free.

So much easier to spot patterns using pause, rewind etc. Makes a huge difference.