I really dont understand where you are coming from. Are you saying there is no money to be made trading dogs and we should all give up or something ?BertieBert wrote: ↑Sun Jan 03, 2021 10:35 pmplease stop assuming I've not understood the execution idea. I've said I understand that you do not agress.Archery1969 wrote: ↑Sun Jan 03, 2021 8:20 pmBut it can be done and many on here and elsewhere are doing so otherwise they would be no matching going on. I am small per trade / per race but like SB said there are over 800+ UK races every week and also Australian, New Zealand and USA dog racing too. If you can make £2 per race profit consistently then its a nice little earner for a single market strategy to add to ones portfolio. I dont know but i assume that some traders have many different market stratigies and when combined make them £500,000+ per year and if its all fully automated then they are far better than me. But there is capacity for others to make some pennies along the way.
Below is a race coming up at tonight at 9:28pm and fits are selection criteria:
So, i will be looking at Trap 1 to see when/if money starts coming in and trade accordingly. Its current back price is 6 and current lay price is 14.5. But remember we will not be backing it at 6.![]()
i picked the central park race because it was the next graded race when i was posting.
but your main statement that there is capacity for others to make the trade is just not realistic. If you think there is room for you to make £2 a race then why not double your stake? it doesn't matter if you are trading in £1 lots if you double your stake or the 30 other people that are automating based on this thread add another 30x £1 its the the same effect.
just look at the volume of the chosen selection t1 21.28 had a volume of what ~ 15k traded, and the vast vast majority of that in the last minute, there was a less than 1k traded in the time window you described and you've got a lot of smart market makers, and now a lot of followers for a public strategy, nobody is going to be making 500k. and the more people that follow it the less everyone of them is going to get proportionally, if anything at all, even when there are two traders with the same strategy, they don't just share the pie 50-50 from before, they make it smaller by being in competition.
That race market had over £35,000 matched. Not everyone is trading Trap 1 being my selection, other people have different methods/edges for trading each race.
I posted that race selection 40 mins before the scheduled start. And it was matched from 8.4 down to 3.05 or there abouts. Are you saying nobody made a profit and it was all self matching for zero profit or are you saying that dog never shortend in price ?
Maybe SB or MF can help me understand where your coming from because I havent got a clue!