Hello, I am in Australia and looking at the possibility of trading the UK races, and wonder if some of the experienced members could assist with some information please.Apart from the early morning time disadvantage (it looks like 12 midnight -3am approx),are there any other problems associated with trading from Aus such as Internet connections,etc? Are there sites available to view the races?
Gil
australians betting uk races
Hi Gil,
I've recently started to trade the UK races from Australia. Would definitely recommend BA's VPS service - without that I found that the delay's to Betfair just made it impossible to work. I've not got streaming pictures though it would obviously help - the racing channels on Foxtel seem to do some UK coverage through the night, but usely only selected races rather than the complete program. Other than that, catching up on sleep is likely to be the biggest problem!
Cheers,
The Pom
I've recently started to trade the UK races from Australia. Would definitely recommend BA's VPS service - without that I found that the delay's to Betfair just made it impossible to work. I've not got streaming pictures though it would obviously help - the racing channels on Foxtel seem to do some UK coverage through the night, but usely only selected races rather than the complete program. Other than that, catching up on sleep is likely to be the biggest problem!
Cheers,
The Pom
-
sdistefano
- Posts: 10
- Joined: Mon Jul 27, 2009 1:35 pm
I trade from one of the poorer SE asian countries near Australia. I think connection times from here are bound to be worse since the internet is still limited to 2Mbps.
What I've done is to adapt my trading style. I didn't find the VPS to be useful because there's also (naturally) a delay from your computer to it, and at least I get fluent graphs by working locally. (The only advantage I see with the VPS is that your stop losses are almost guaranteed to be triggered in time, but I still don't find it worth it)
Suggetions:
1) Use connection mode 1. I think BF has mirrors for their website, while the API mode is only in the UK. You will lose the flashing odds feature, but prices will be much more fluent
2) Get used to hitting 2-3 ticks away from the current price when looking for a long term trend. You will always get the best possible price anyway, and I find that doing this will make you lose money sometimes (when the market gets thin for an instant in those prices) but is the only way to get the larger trends in time
3) Just try to predict what the price will do earlier ; you often have to place your order a few ticks before the market hits that price.
I'm by no means an expert in this game, but it is indeed possible to have a positive trading expectancy from this side of the world.
Regarding the australian markets, if anyone has tried them, I'm interested.
cheers,
What I've done is to adapt my trading style. I didn't find the VPS to be useful because there's also (naturally) a delay from your computer to it, and at least I get fluent graphs by working locally. (The only advantage I see with the VPS is that your stop losses are almost guaranteed to be triggered in time, but I still don't find it worth it)
Suggetions:
1) Use connection mode 1. I think BF has mirrors for their website, while the API mode is only in the UK. You will lose the flashing odds feature, but prices will be much more fluent
2) Get used to hitting 2-3 ticks away from the current price when looking for a long term trend. You will always get the best possible price anyway, and I find that doing this will make you lose money sometimes (when the market gets thin for an instant in those prices) but is the only way to get the larger trends in time
3) Just try to predict what the price will do earlier ; you often have to place your order a few ticks before the market hits that price.
I'm by no means an expert in this game, but it is indeed possible to have a positive trading expectancy from this side of the world.
Regarding the australian markets, if anyone has tried them, I'm interested.
cheers,