90 Day Football Trading Challenge
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Not many matches today. On Braga vs Maritimo now.
I tried to trade an Argentinian Cup match but liquidity was non-existent. Hoping after midnight might be better.
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- Posts: 95
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Backed over 2.5 at Braga (at 2.04) a min ago. Now the score is 2-1
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- Posts: 95
- Joined: Mon Jan 06, 2020 12:48 am
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- Posts: 95
- Joined: Mon Jan 06, 2020 12:48 am
DAY 5 Update: 5% increase on yesterday's bank. Total growth since day 1: 56%.
As low-liquid matches go, the Chilean Premera is more up my street.Alexander_99 wrote: ↑Thu Jan 07, 2021 10:51 pmYeah, I watch Argentinian matches sometimes too, but I often find them unsuitable for my trading style.
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DAY 6: 9% loss from yesterday. Hence 42% total profit from day 1.
Increased my stakes today by an average of 40%, and just as luck would have it, had some unlucky losses.
Increased my stakes today by an average of 40%, and just as luck would have it, had some unlucky losses.
That's not being unlucky. You decided to take a gamble and drastically increase your stakes and it wasn't much more than on a coin flip.Alexander_99 wrote: ↑Sat Jan 09, 2021 12:10 amDAY 6: 9% loss from yesterday. Hence 42% total profit from day 1.
Increased my stakes today by an average of 40%, and just as luck would have it, had some unlucky losses.
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- Posts: 95
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I increased my stakes roughly in line with increased bank. Since my bank grew by over 50%, it made sense to increase stakes accordingly.Derek27 wrote: ↑Sat Jan 09, 2021 12:14 amThat's not being unlucky. You decided to take a gamble and drastically increase your stakes and it wasn't much more than on a coin flip.Alexander_99 wrote: ↑Sat Jan 09, 2021 12:10 amDAY 6: 9% loss from yesterday. Hence 42% total profit from day 1.
Increased my stakes today by an average of 40%, and just as luck would have it, had some unlucky losses.
Regarding luck, or lack thereof. Majority of my incurred losses came in two matches (that cost me a total of 18% of my bank at the time), and I indeed consider these unlucky, due to the number of chances missed in the games (i.e. hit goal posts etc). Would I have taken these bets again? Thinking back on these, yes, I would, because I am sure of +EV of these bets.
Psychoff does the same thing by the way and encounters a string of unlucky losses (if you have a look at his twitter posts dating back 2-3 years ago, you'll see his explicit comments following his lost goal alerts, for example.)
P.S. In my other thread viewtopic.php?f=6&t=21953, following one particular strategy I've been following for several months now, the longest consecutive string of losses I had was 6 in a row , betting at roughly even odds (or a bit higher). With a fixed stake, This would correspond to taking away 30% of my bank.
Fair enough, but if you're increasing your bank by 50% quickly and then losing 30-40% of it, it sounds like you may be overstaking or staking disproportionately to your bank. I doubt Psychoff would increase his bank by 50% in a few days.Alexander_99 wrote: ↑Sat Jan 09, 2021 1:21 amI increased my stakes roughly in line with increased bank. Since my bank grew by over 50%, it made sense to increase stakes accordingly.Derek27 wrote: ↑Sat Jan 09, 2021 12:14 amThat's not being unlucky. You decided to take a gamble and drastically increase your stakes and it wasn't much more than on a coin flip.Alexander_99 wrote: ↑Sat Jan 09, 2021 12:10 amDAY 6: 9% loss from yesterday. Hence 42% total profit from day 1.
Increased my stakes today by an average of 40%, and just as luck would have it, had some unlucky losses.
Regarding luck, or lack thereof. Majority of my incurred losses came in two matches (that cost me a total of 18% of my bank at the time), and I indeed consider these unlucky, due to the number of chances missed in the games (i.e. hit goal posts etc). Would I have taken these bets again? Thinking back on these, yes, I would, because I am sure of +EV of these bets.
Psychoff does the same thing by the way and encounters a string of unlucky losses (if you have a look at his twitter posts dating back 2-3 years ago, you'll see his explicit comments following his lost goal alerts, for example.)
P.S. In my other thread viewtopic.php?f=6&t=21953, following one particular strategy I've been following for several months now, the longest consecutive string of losses I had was 6 in a row , betting at roughly even odds (or a bit higher). With a fixed stake, This would correspond to taking away 30% of my bank.
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- Posts: 95
- Joined: Mon Jan 06, 2020 12:48 am
DAY 7: 9 % loss from yesterday. Total bank: 29% up from DAY 1.
Watched roughly 40 matches today and traded around 30 of them, including 5 matches simultaneously this evening (French ligue 1 AC Milan vs Torino)
Good wins on overs market completely negated by massive losses on match odds over the last 2 days. Over the last 2 days, I have lost almost 33% of my bank on match odds. Absolutely unacceptable performance. For a long time, I've been of the opinion that probably, I should abandon trading match odds (save for certain special situations), and exclusively trade under / overs markets.
Just looked at the betfair spreadsheet of profits / losses over last 7 days. As a % of my STARTING BANK:
I incurred a total 34% loss on match odds
I obtained a total 64% profit on over / under markets
flipping Hell. If only I stuck to unders / overs, my bank would have been roughly 64% up in one week.
What I think I'll do from now is bet with roughly 5-6% of my bank per each under / over trade and keep to absolute max 2-3% on match odds.
Watched roughly 40 matches today and traded around 30 of them, including 5 matches simultaneously this evening (French ligue 1 AC Milan vs Torino)
Good wins on overs market completely negated by massive losses on match odds over the last 2 days. Over the last 2 days, I have lost almost 33% of my bank on match odds. Absolutely unacceptable performance. For a long time, I've been of the opinion that probably, I should abandon trading match odds (save for certain special situations), and exclusively trade under / overs markets.
Just looked at the betfair spreadsheet of profits / losses over last 7 days. As a % of my STARTING BANK:
I incurred a total 34% loss on match odds
I obtained a total 64% profit on over / under markets
flipping Hell. If only I stuck to unders / overs, my bank would have been roughly 64% up in one week.
What I think I'll do from now is bet with roughly 5-6% of my bank per each under / over trade and keep to absolute max 2-3% on match odds.
This is an interesting comment. Are you sure this is not an example of survivorship bias?Alexander_99 wrote: ↑Sat Jan 09, 2021 10:39 pm
flipping Hell. If only I stuck to unders / overs, my bank would have been roughly 64% up in one week.
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Day 8: another shit day, but up 3% from yesterday.
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- Posts: 95
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Well, I can't be sure. But for a while I've been of the opinion that trading on unders / overs markets can be a smarter choice in many situations than match odds. Why do you think it's "interesting", though? Purely because of 64% figure?dm1900 wrote: ↑Mon Jan 11, 2021 12:18 amThis is an interesting comment. Are you sure this is not an example of survivorship bias?Alexander_99 wrote: ↑Sat Jan 09, 2021 10:39 pm
flipping Hell. If only I stuck to unders / overs, my bank would have been roughly 64% up in one week.
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- Posts: 95
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DAY 9: a decent day. 19% bank growth from yesterday. Total bank growth from day 1: 58%.