Old Edges in Betfair

[Shaung89]

Hi all,

This may not be a flyer but I thought it would be really helpful for those in the BA community constantly striving to find an edge if anyone which once had profitable automation shares their old ideas/systems.

Im not expecting anyone to give away anything currently in test or profitable but if there once was something (simple or complex) it will help the newbies try to understand the mindset required when searching for the illusive system/strategy.

We all read the threads discussing how manual trading was like finding money on the floor years ago, but i'd love to know how some people made their profits through automation back when things were different.

Like I say, this thread may not take off but im fairly sure it has potential to be a busy thread for the whole community if people are happy to share their experiences...

[beermonsterman]

Hi all,

This may not be a flyer but I thought it would be really helpful for those in the BA community constantly striving to find an edge if anyone which once had profitable automation shares their old ideas/systems.

Im not expecting anyone to give away anything currently in test or profitable but if there once was something (simple or complex) it will help the newbies try to understand the mindset required when searching for the illusive system/strategy.

We all read the threads discussing how manual trading was like finding money on the floor years ago, but i'd love to know how some people made their profits through automation back when things were different.

Like I say, this thread may not take off but im fairly sure it has potential to be a busy thread for the whole community if people are happy to share their experiences...

I like the idea too but wouldn't hold my breath
good one Shaun lets hope we get a bite

[jimibt]

i tried a *similar* tactic back in 2016 when i proposed an idea to create an automation for the flat season and make the automations available to all. as you can imagine, the derision that followed my swift exit from the idea was palpable -lol

dbl lol -just found the thread: viewtopic.php?f=37&t=12045

[Shaung89]

For me, this is to help all those in the newbie/intermediate level (myself included) where they think they have ideas to be profitable but time after time of completing data analysis & running new systems the P/L is very red after a decent sample size.

I personally would love to know 'am i thinking along the right lines' with some of my ideas or 'am i thinking too much into it'? Some people maybe on the other end of the spectrum thinking they can become a millionaire by laying the field every race at 1.5.

By experienced traders sharing old ideas hopefully it would give some people that lightbulb moment - or at least give them a good start on their journey to success!

[beermonsterman]

i tried a *similar* tactic back in 2016 when i proposed an idea to create an automation for the flat season and make the automations available to all. as you can imagine, the derision that followed my swift exit from the idea was palpable -lol

dbl lol -just found the thread: viewtopic.php?f=37&t=12045

great post Jim just shame no one felt like taking part but one thing I have picked up on is most pro traders don't really see any fun in the trading game probably because they see it as a job and take it seriously where the likes of me will linger around for years bottom feeding and try and have fun until big enough to eat from the surface

[jimibt]

i tried a *similar* tactic back in 2016 when i proposed an idea to create an automation for the flat season and make the automations available to all. as you can imagine, the derision that followed my swift exit from the idea was palpable -lol

dbl lol -just found the thread: viewtopic.php?f=37&t=12045

great post Jim just shame no one felt like taking part but one thing I have picked up on is most pro traders don't really see any fun in the trading game probably because they see it as a job and take it seriously where the likes of me will linger around for years bottom feeding and try and have fun until big enough to eat from the surface

plus -as i said at the time, the gain was purely going to be mine and fellow n00bs, so not much incentive for the seasoned pros back then. being honest, i would probably shamefully avoid such a competiton suggestion myself, unless there was a strong build-up rapport going on.

at that time, i was just out of matched betting and desperate for ideas. that's really what fuelled that particular post at that time . also, Dallas had only really just started on building his amazing rule collection, so it was in part a desire to have some *pro* starting points.

[rik]

10 years ago I could routinely queue large amounts at the low prices 1.01-1.06 or so and be first to get matched when the price was getting there inplay. Unfortunately there is people specializing in it now that are faster than me lol

[ShaunWhite]

but one thing I have picked up on is most pro traders don't really see any fun in the trading game probably because they see it as a job and take it seriously

Fun is what trading pays for.

I'm probably not typical but 75% or more of my work day is doing things I don't want to do. Updating stats, learning things which are beyond my old brain, debugging stupid errors and wallowing in disappointment over failed ideas that have taken 3 months of effort. Manual trading could be more fun I suppose but I'm not a sports fan and I found it utterly boring, OK for a year of so but just a grind after that. And a grind that keeps you tied to the clock and calander (like a proper job!) rather than the freedom you hoped for.

To use a sporting analogy, making money is sinking the putt on the 72nd hole, what people don't see is the hours on the practice green and that ain't very rock and roll or much fun.

[ShaunWhite]

Btw beer, my pet trading hate is the phrase 'winning' money. I don't know any trader that has ever 'won' money, they've earned it! My binman doesn't 'win' his wages and neither do I.

[beermonsterman]

Btw beer, my pet trading hate is the phrase 'winning' money. I don't know any trader that has ever 'won' money, they've earned it! My binman doesn't 'win' his wages and neither do I.

What you talking about Shaun ?? Winning Money ?? where have I said that and I will apologise for my insult to you

[beermonsterman]

Btw beer, my pet trading hate is the phrase 'winning' money. I don't know any trader that has ever 'won' money, they've earned it! My binman doesn't 'win' his wages and neither do I.

You want to know one of my pet hates btw
Pro traders who think they can just rip into the underdog when they are just naïve to the pro world I dont live in your world but you lived in mine you shouldn't take offence to anything I say unless its personal to you

[jimibt]

Btw beer, my pet trading hate is the phrase 'winning' money. I don't know any trader that has ever 'won' money, they've earned it! My binman doesn't 'win' his wages and neither do I.

What you talking about Shaun ?? Winning Money ?? where have I said that and I will apologise for my insult to you

i think tbh, shaun was making an aside and not actually responding to something you'd said. i see this all the time in this and other forums. just shows that body language is indeed 90% of communication

[beermonsterman]

Btw beer, my pet trading hate is the phrase 'winning' money. I don't know any trader that has ever 'won' money, they've earned it! My binman doesn't 'win' his wages and neither do I.

What you talking about Shaun ?? Winning Money ?? where have I said that and I will apologise for my insult to you

i think tbh, shaun was making an aside and not actually responding to something you'd said. i see this all the time in this and other forums. just shows that body language is indeed 90% of communication

Ok just the btw Beer made it sound like he was attacking me for some reason ? I see yes body language does help

[Euler]

Fun is what trading pays for.

I'm probably not typical but 75% or more of my work day is doing things I don't want to do. Updating stats, learning things which are beyond my old brain, debugging stupid errors and wallowing in disappointment over failed ideas that have taken 3 months of effort. Manual trading could be more fun I suppose but I'm not a sports fan and I found it utterly boring, OK for a year of so but just a grind after that. And a grind that keeps you tied to the clock and calander (like a proper job!) rather than the freedom you hoped for.

To use a sporting analogy, making money is sinking the putt on the 72nd hole, what people don't see is the hours on the practice green and that ain't very rock and roll or much fun.

This is so true and tells me that Shaun actually does this, not that people can't work that out. But that's spoken from a place I recognise.

[Euler]

Scalping was remarkably effective in the early days, though I choose not to call it that when I started as I saw it more a case of market making. Popping in two orders with a spread. It was Adam Todd who, sort of incorrectly, called that scalping. You didn't need to do much and any old fool could do it. But this was very early on, it soon started to evolve soon afterwards. But you often see it talked about in the same terms.