Who says trading dogs is a waste of time?

[Dave64]

.... and more than likely it'll be the Shanghai Maglev

[ForFolksSake]

As long as I can continue to spot the cause of any losses and then be able to formulate a solution then there's still a light at the end of the tunnel

...or an on-coming train...

... or an Iranian missile

https://www.youtube.com/shorts/77kTKgwxHDY

[Dave64]

As long as I can continue to spot the cause of any losses and then be able to formulate a solution then there's still a light at the end of the tunnel

...or an on-coming train...

... or an Iranian missile

https://www.youtube.com/shorts/77kTKgwxHDY

... Yep, something like this in the last 10 seconds just before the off!

wtf.PNG

[Dave64]

Hi

I jumped aboard the Bet Angel gravy train at the start of the year after discovering that the Betfair PC had been scrapped sometime back I was previously a horse racing IR player and prior to that I was an avid greyhound punter, so I've hit the ground running in terms of knowledge but I'm now looking to build some automated strategies, initially focussing on the UK greyhound markets.

I currently have some rudimentary rules which are based on how I trade manually and I think (and hope) that with some ongoing enhancement I can create something that might be profitable . I have freed up some time and intend to get my head down over the next few days and immerse myself in testing, analysing and tuning (along with a suitable amount of shouting and cursing) in an attempt to reach a stage where I can implement a half-decent automated/semi-automated strategy by the start of April (April 1st being an apt date maybe ) and record my results!

Hopefully my endeavour will spark some interest amongst those embarking on the same journey

PS All feedback welcome

Re: Who says trading dogs is a waste of time?

After a few weeks of work I'm now surrounded by various bits of paper filled with scribbled notes and finally have an initial set of fairly robust rules files. It's an ongoing process and there's still plenty of work to be done but the P&L is starting to look consistent and healthy, albeit at a low level atm. The one thing that I'd like to add for any newbies is that the process can be very time consuming and at times frustrating, but if you have the ability to think 'outside of the box' and have an analytical mind then it might just be worthwhile in the long run

[thepressure]

I was balancing markets to smooth gross loss. eg backing HOME in match odds, and backing AWAY/DRAW in double chance. Generated about +£100 pw net of all fees.

Would you mind explaining how you do this, and if its profitable why not increase stakes?

[jamesedwards]

Would you mind explaining how you do this, and if its profitable why not increase stakes?

Stakes were maximised based in liquidity available. It wasn't gross profitable, it was net profitable when taking account of associated expert fee reduction. ie It only worked because I was making profits elsewhere. For example it might lose £2k a week up front but would reduce my expert fee for that week by £2.1k.

[thepressure]

Oh thankyou, I barely break even so not an issue for me tho, interesting now ive looked at the new fees, how do you still make profit but offset it, isnt it just a rolling profit figure based charge?

[jamesedwards]

Oh thankyou, I barely break even so not an issue for me tho, interesting now ive looked at the new fees, how do you still make profit but offset it, isnt it just a rolling profit figure based charge?

Expert fee = (gross profit * rate) - commission generated.

So if you can generate more commission than you lose from a set of markets then you end up better off all in.

eg back £1000 on over 0.5 goals @ 2.0 AND back £1000 on 0-0 correct score @ 2.0

Whatever the result you end up with:
Gross profit = £0
Net profit after commission = -£20
But commission generated = £10 on the winning market + £12.50 on the losing market, so £22.50 total.

So you end up £2.50 better off after expert fee.