Today's Horse Racing

[beermonsterman]

I see no respect was paid to captain Tom Moore at any of the footie games other than Millwall displayed his picture on screens
Disappointing really
Lest We Forget

I admire the man and everything he did to help the NHS but nobody's obliged to pay respect to him or anyone else who passes. The Queen Mother's funeral was a public holiday but most people I know went about their daily business that day.

Just makes me sad if it wasn't for the ww2 vets standing tough back in the day I dread to think what state this country would be in right now.

[beermonsterman]

Hit a brick wall
I have all the pieces to the jigsaw but dont have the ability to piece them together I have been going round in circles and just feel like I'm back to square 1 again
Its time to hit the reset button
would any of you say I need to go on a training course of some kind ?
is their a course for automation out their ? I dont mean to learn how to make a profit bot as no one is stupid enough to teach people that but to teach the different ways to approach automation and what its power is etc

my trading ability to trade live shows is pretty good I'm not a novice and do know what to trade and when to trade I probably have racked up thousands of hours screen time by now
I've been trading since 2015 around my working life I've explored most angles and understand quite a bit but need some help in where to focus everything I've learned so far "piece it all together"
my end goal is to build an automation bot that will one day be profitable as their is nothing better than walking in from a hard days graft and seeing a days profit from automated betting its like an addiction
what I seem to struggle with and have done for some time is discipline I just dont have it due to lack of patience and this is why I need to automate my trading
I've tried to do excel but that just exceeds my learning capability without being taught it basically my learning ability is to poor to learn myself new tricks
Thanks for reading any advice welcome or constructive criticism

[Tuco]

Personally I don't use automation as I see absolutely no reason as to why it should return a long-term profit.

That said there will be those who use full automation and profit regularly - to them I say very well done, keep at it - you have an edge, exploit it for as long as it lasts.

The bottom line is that on Betfair for every pound won there is also a pound lost. That's one area it differs from the high street bookies against whom everyone can win, but of course 99% lose.

Correct me if I'm wrong, but automation also has the potential to be exploited as Navinder Sarao (aka the Hound of Hounslow) showed with his flash crash efforts in 2010 setting off a chain reaction of bot 'panic-in-the-peloton' and profiting in the maelstrom. To my mind there was nothing wrong with what he did - the problem was with how the high frequency traders played the market and on this occasion they got caught with their pants down. They were simply outplayed and deserved their losses.

https://www.bbc.co.uk/news/explainers-51265169

"On this index, every time an order was placed to buy or sell, "high frequency traders" - many of them not human but computers running algorithms - would try to make their own trades milliseconds before those orders could be executed. That way, they could be the first to make money from market changes."

"Sarao realised that the high frequency traders all used similar software. That made the market twitchy - like a flock of sheep, all moving in the same direction."

"His software took advantage of this by placing thousands of orders before quickly cancelling or changing them, once he had created artificial demand for other traders to buy or sell that asset."

"This practice - known as "spoofing" - allowed him to make genuine buy or sell orders at a profit as the price swiftly rose or fell."

[Crazyskier]

I see no respect was paid to captain Tom Moore at any of the footie games other than Millwall displayed his picture on screens
Disappointing really
Lest We Forget

Well said. It's a shame they are all too busy taking the knee for ...


CS

[Crazyskier]

I never use the cash out function on the website as for some reason I always get the feeling it takes a bit extra of the profit you would have made if manually cashing out, at least that is what the numbers have indicated for me..

If I wasn't so lazy, I'd calculate what odds I needed to lay at, and just leave them in the market, but the time saving is worth the extra few pennies, for my relatively small stakes.

CS

You could use,


http://www.chromaweb.com/bets/calculator/popup.php


arb.png

Nice one - thanks Fox.

CS

[beermonsterman]

I see no respect was paid to captain Tom Moore at any of the footie games other than Millwall displayed his picture on screens
Disappointing really
Lest We Forget

Well said. It's a shame they are all too busy taking the knee for ...


CS

Yes I was thinking that very same thing just didn't want to spark anything they can take a knee for something that never happened in our country

[beermonsterman]

Lovely simply lovely

[Euler]

I like the look of the markets today.

[Tuco]

I see no respect was paid to captain Tom Moore at any of the footie games other than Millwall displayed his picture on screens
Disappointing really
Lest We Forget

...actually, they did a minutes clapping at the Burnley v Man City EPL match at 18:00 last night during which they showed his picture on the screens and all players wore a black armband in his memory throughout the match. I know this as I was watching.

https://www.thesun.co.uk/sport/football ... m-tribute/

[Realrocknrolla]

Second place jockey looked a bit dodge in the 13:50 Down Royal.

[Trader Pat]

I see no respect was paid to captain Tom Moore at any of the footie games other than Millwall displayed his picture on screens
Disappointing really
Lest We Forget

Well said. It's a shame they are all too busy taking the knee for ...


CS

Yes I was thinking that very same thing just didn't want to spark anything they can take a knee for something that never happened in our country

So there's no racial discrimination happening in the UK?

[Tuco]

Well said. It's a shame they are all too busy taking the knee for ...


CS

Yes I was thinking that very same thing just didn't want to spark anything they can take a knee for something that never happened in our country

So there's no racial discrimination happening in the UK?

...there's been discrimation and prejudice of all kinds happening all of the time in every corner of the world - there always has been and always will be.

[goat68]

Personally I don't use automation as I see absolutely no reason as to why it should return a long-term profit.

I'm starting to think this... It's as though the market is continually changing, as in daily and no automation can match that change profitably, not unless you have the ability of an AI (like human brain!). So manually trading has a huge advantage there.

[Trader Pat]

Yes I was thinking that very same thing just didn't want to spark anything they can take a knee for something that never happened in our country

So there's no racial discrimination happening in the UK?

...there's been discrimation and prejudice of all kinds happening all of the time in every corner of the world - there always has been and always will be.

This is obviously a conversation for a different thread so I'll just say this, the whole taking a knee business may have started in response to what happened in the States but I think it has a different meaning now for footballers as they see their team mates being racially abused on social media for having a bad game.

[Tuco]

Personally I don't use automation as I see absolutely no reason as to why it should return a long-term profit.

I'm starting to think this... It's as though the market is continually changing, as in daily and no automation can match that change profitably, not unless you have the ability of an AI (like human brain!). So manually trading has a huge advantage there.

I'm really meaning the full automation where you go to work (or go to sleep) and come back (or wake up) and see a load of profit. Those who can make this work, great use it all you can but don't be too upset when a 'Hound of Hounslow' fleeces you one night and you're back to square one.

That said there are several pieces of 'semi-automation' (servants) that can do simple tasks more quickly than you can do manually, so I can see a good use for those in moderation or in specific circumstances.

...but as always, each to their own - your P&L with let you know if you're getting it right!