Trading Greyhound racing

[Barrakee]

Hi Folks,

Newbie here looking at beginning my automated greyhound trading journey. Moreso as a hobby/challenge than any illusions of getting rich. I will be using very small stakes.

Im wondering what people experiences are with developing strategies and backtesting. How hard is it to develop strategies without having an 'intuition' based on a lot of screen time watching/trading markets? Is it feasible that someone without any manual trading experience could develop an automated strategy based on backtesting from historical data?

[Aberdeentrad]

I think this is definitely possible, I did a bit of manual trading on horses but it was a strategy based on backtesting so I knew I was getting value as long as I stuck to my rules. Once I got the hang of betangel I realised it could be fully automated.

I’ve since moved onto greyhounds as the number of markets give lots of opportunities for getting data and testing automation via practice mode (to check functionality rather than profitability) and live mode testing with tiny stakes.

[firlandsfarm]

Is it feasible that someone without any manual trading experience could develop an automated strategy based on backtesting from historical data?

Yes but don't forget that old adage of "Past performance does not guarantee future results" especially when backtesting. And the more filters you use to create your advantage the more the possibility of back-fitting. I would suggest you go for few filters and a low edge % from many bets to start and slowly look to adjust your filters to increase your edge. Remember always ask yourself "why?" ... why does that filter give an edge or is it just statistical?