UK, US AND AUS

[Emtaxx]

Morning all ,

I require a bit of expertise again... Bots are going really well in the UK markets which begs the question, can they do similar in other markets. Only issue I fear is the liquidity. I think I'll set up another part of the code to say only bet if excess of 10K is matched pre race. I do IP automation currently.

Any one able to provide me their own experiences, things to look out for or safe guard yourself in, when running bots in lower turn over markets, what market turn over you would trade, is 10K enough or is more required?

Thanks!

[Fugazi]

Morning all ,

I require a bit of expertise again... Bots are going really well in the UK markets which begs the question, can they do similar in other markets. Only issue I fear is the liquidity. I think I'll set up another part of the code to say only bet if excess of 10K is matched pre race. I do IP automation currently.

Any one able to provide me their own experiences, things to look out for or safe guard yourself in, when running bots in lower turn over markets, what market turn over you would trade, is 10K enough or is more required?

Thanks!

AUS is much higher comission. To get around this you need to make sure you're trading / hedging and not straight value betting.

There's posts around or videos on why you pay less comission trading rather than value betting

As for US racing (I've never seen US greyhounds must be a rare event?) - there's nearly always a spread between back and lay prices, never sure why must be liquidity. So that's something that could either upset your automation of make it even more profitable

[jamesedwards]

Very different beasts:

UK plenty of liquidity, reasonable book%s, low commission
US very low liquidity, gappy book%s, low commission
Aus low liquidity, reasonable book%s, very high commission + turnover charge in NSW. https://www.betfair.com/aboutUs/Betfair ... /#charges8

I have automations running in all of them but they are nuanced accordingly.

[Emtaxx]

Hmm yeah seems a bit of a kind field tbf. UK markets are great in all aspects, if just like to rattle through more markets, however they don’t offer the same metrics as UK markets.

I had a go on ascot in AUS today and that works for what I do tbf as they had at least 40K pre race traded. I might just have to go to the most popular tracks and set them up that way. US markets are cool as theres so many but the volumes are terrible… I just fear I’d undo the hard work.

How many markets are there after Easter in UK when the racing picks up? 70x a day ?

[jamesedwards]

Hmm yeah seems a bit of a kind field tbf. UK markets are great in all aspects, if just like to rattle through more markets, however they don’t offer the same metrics as UK markets.

I had a go on ascot in AUS today and that works for what I do tbf as they had at least 40K pre race traded. I might just have to go to the most popular tracks and set them up that way. US markets are cool as theres so many but the volumes are terrible… I just fear I’d undo the hard work.

How many markets are there after Easter in UK when the racing picks up? 70x a day ?

Here's the count of UK races I traded last year. I missed a week in September, but other than that I covered almost every day.

z91.JPG

[Emtaxx]

Nice post there James, very insightful. Do you document the same for the American and Aus markets? If so could you also recommend which markets from each country you trade ?

[jamesedwards]

Nice post there James, very insightful. Do you document the same for the American and Aus markets? If so could you also recommend which markets from each country you trade ?

US is only automated TPD for me, so all TPD tracks.

Aus is just sporadic trading.

[Emtaxx]

I don’t do pre race, ive tried, I’m crap at it. Don’t have the mindset for it unfortunately. I don’t have the TDP stuff so I don’t know what markers they focus on tbf

[Fugazi]

Nice post there James, very insightful. Do you document the same for the American and Aus markets? If so could you also recommend which markets from each country you trade ?

US is only automated TPD for me, so all TPD tracks.

Aus is just sporadic trading.

I assumed TPD US would be too much delay getting the data to the UK purely based on physics. I assume I am wrong?

[jamesedwards]

Nice post there James, very insightful. Do you document the same for the American and Aus markets? If so could you also recommend which markets from each country you trade ?

US is only automated TPD for me, so all TPD tracks.

Aus is just sporadic trading.

I assumed TPD US would be too much delay getting the data to the UK purely based on physics. I assume I am wrong?

Data from other side of the globe should take less than 0.1 secs to arrive.

But however long it takes makes no difference, because the pictures, or trackside trigger requests, would be delayed by roughly the same amount.

[ShaunWhite]

How many markets are there after Easter in UK when the racing picks up? 70x a day ?

Halve that.

[ShaunWhite]

Re differing liquidy, try setting your stake accordingly such as 1 * (market volume/scaling factor).
You won't want to be betting the same size in the US as you would at Cheltenham. And not all Aus races are small and UK ones bigger, it's sometimes the opposite so stake according to the market not on which country it happens to be in.

[ShaunWhite]

To get around this you need to make sure you're trading / hedging and not straight value betting.

Not necessarily, it depends if generating commision is beneficial when it comes to your weekly fees. And a poor value hedge bet will cost you more than the commision you're saving in the long run.
There's also the fact that NSW has a turnover charge on backs but not on laying.

It's nuanced.