Motivation from other Trader's blogs and P&Ls.

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Samo154
Posts: 93
Joined: Mon Dec 14, 2015 11:44 am

first day live, all inplay :) only small time but big thanks to peter and all the regular posters :D long way to go! gl all.
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marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

Well done, all looks tidy apart from the £56.66 loss how did that happen?
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Samo154
Posts: 93
Joined: Mon Dec 14, 2015 11:44 am

Silly error and got a bit giddy
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marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

Samo154 wrote:Silly error and got a bit giddy
I don't know your stratagy but that's a big loss, 2 more and your at break even, maybe a good idea to look at that and try and cut it back a fair bit.
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Samo154
Posts: 93
Joined: Mon Dec 14, 2015 11:44 am

It is high risk just playing around inplay at the moment, the pre race stuff I find a it boring :(
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Mr Undercover
Posts: 226
Joined: Thu Nov 03, 2011 7:22 pm

Sorry to be the bearer of bad news but i suspect in-play is completely unworkable unless you work at race courses to take advantage of streaming delays. I've never seen or heard of any trading strategies working remotely in-play, i hope i'm wrong and hats off to anyone that has cracked it... as already mentioned that 56quid loss will not be the last and whatever you are doing ultimately frequency will be your undoing. Good luck though.
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marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

Mr Undercover wrote:Sorry to be the bearer of bad news but i suspect in-play is completely unworkable unless you work at race courses to take advantage of streaming delays. I've never seen or heard of any trading strategies working remotely in-play, i hope i'm wrong and hats off to anyone that has cracked it... as already mentioned that 56quid loss will not be the last and whatever you are doing ultimately frequency will be your undoing. Good luck though.
There's money to be made inplay, a fair amount of value to be found.

Value equals money in this game ;)
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Mr Undercover
Posts: 226
Joined: Thu Nov 03, 2011 7:22 pm

sadly i don't see any value in-play only fools gold. at least several times a week you'll see 1000/1 written off horses recover and remarkably win in seemly impossible circumstances and 1/1000 certain winners get taken out on the line by a nostril... you only have to be on the wrong side of one of those and you'll be cursing your luck at best. The market reacts so quickly i don't think anythink automated will help you.

good luck though, i hope to be delighted when you prove us all wrong.
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spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Mr Undercover wrote:sadly i don't see any value in-play only fools gold.
Just because 'you' can't see them doesn't mean the value's not there, just means you haven't looked hard enough.

I'd agree anyone watching TV pictures to base their decisions on is likely to be at a big disadvantage to tracksiders but with a bot you're basing decisions on the latest prices which are generally a better guide than 5 second old pictures.
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magwitch78
Posts: 55
Joined: Wed Sep 30, 2015 8:26 pm

Mr Undercover wrote:sadly i don't see any value in-play only fools gold. at least several times a week you'll see 1000/1 written off horses recover and remarkably win in seemly impossible circumstances and 1/1000 certain winners get taken out on the line by a nostril... you only have to be on the wrong side of one of those and you'll be cursing your luck at best. The market reacts so quickly i don't think anythink automated will help you.

good luck though, i hope to be delighted when you prove us all wrong.
Bit of a contradiction there? id say laying a loser at 1.01 and backing a winner at 1000 is pretty good value. you should never be on the wrong side of either of these outcomes if you have any common sense. The people who make money, especially inplay, are the guys going against the crowd...
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PeterLe
Posts: 3729
Joined: Wed Apr 15, 2009 3:19 pm

magwitch78 wrote: id say laying a loser at 1.01 and backing a winner at 1000 is pretty good value.

The people who make money, especially inplay, are the guys going against the crowd...
Spot on! :D
In fact I wish betfair increased the max odds to 10,000 to 1
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Mr Undercover
Posts: 226
Joined: Thu Nov 03, 2011 7:22 pm

seriously has anyone produced a spreadsheet/bot that can consistently long term make a profit from in-play horses?

i know several guys who trade in-play using streaming and pattern recognition... the only ones i know who make a profit are on course everyone else seems to end up losing long term.

but hats off if someone can keep their head above water.
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spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I have plenty of profitable in play bots and would guess alot of others do too. None of them try and trade though. There's plenty if value to be taken from the in play markets but it's also alot easier to throw that away if you're trading blind, much better to play the long game in-running, it pays a lot better imo.
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marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

If my bot doesn't find value it will more or less break even, it took 2 days last week before it produced a profit.

I should of named it lazy git bot.
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PeterLe
Posts: 3729
Joined: Wed Apr 15, 2009 3:19 pm

being on course or having the faster pictures arent always an advantage..They make mistakes too

I just looked through my youtube and found this one...(I cant remember how much I won on this one it was either £2 or £4 at 1000)..

I think I got the title wrong as it was the 17:05..
Watch it from 3 mins out and take a guess at what price it traded at?

https://www.youtube.com/watch?v=0mk-1GES8UQ

Imagine you were on course in a private box watching this..can you imagine the fast fingers clicking on the lay button?? the smart money is clicking o the back money
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