A valuable piece of advice for newbies

[leesnose]

I have just learnt something from bitter experience and thought any others as green as me would like to know.

I was automating a simple scalp as per one of the videos on youtube, it worked perfectly in practice and chugged along nicely in live mode but on a couple of occasions the automatic greening did not work. I don't need to tell you how expensive that could potentially be - it cost me more than I was willing to part with.

The problem was that I had changed the maximum liability in the settings to £100 and it needed £130 for the greening, which was subsequently cancelled.

If you are running an automated scalp with minimum stakes I personally would not run it with any less than £200, I am guessing that you will need at least that much in your betfair account.

Speaking of automation, if anyone has any interesting files I would really appreciate it

[kelpie]

Sounds good.

More advice for newbies: of your total bank work out for each market

(a) how much profit you are targeting;
(b) how much loss you will accept;
(c) how much of your bank you will invest

[LinusP]

I think a big tip is to watch the automation for at least a day before leaving it.


In regards to the files do you want my bank details as well?

[leesnose]

It depends, how much have you got in there?

I figured that my trial is almost over and all I have succeeded in doing is spending a lot of time trying all manner of different ideas and strategies and turned a loss from every one of them so I might as well ask at this stage of the game.

[leesnose]

In fairness, I probably exaggerated a bit there. Apart from a couple of mistakes, I have mainly found increasingly elaborate ways of breaking even.

My trial is over so I guess I will be switching to the betdaq version until I can confirm that I will make enough to pay the subscription.

A post from a couple of years ago mentioned that the cell references are different when using excel with the betdaq version. Can anyone tell me if that is the case and if the sample spreadsheets on the forum will not work with it?

I had a couple of promising automation strategies that I had not finished testing, if any newbies want to start where I finished off then PM me and you can have them.

[leesnose]

Sorry for the triple post but I have a question about the original query at the start of this thread.

Would it mitigate the loss if you were to add a rule on five seconds to take SP on all unmatched bets?

I know this is not normally a good idea but would it mean you are much less likely to incur a massive loss if you can at least match any remaining unmatched bets?

[legendz]

hi,if you cant afford a years subscription of betangel dont be a trader because that will be the least of your worries.

[leesnose]

Yeah, thanks for that.

What about an answer to the last question?