Number One account in Betfair history?

[dannycutts]

why did Adam give up?

Y, PC made him quit and start a business instead.

http://www.healthandfitnesstravel.com/

How do you get round premium charge? I am at the stage where I need to really start looking terrible place to be I know

[cybernet69]

why did Adam give up?

Y, PC made him quit and start a business instead.

http://www.healthandfitnesstravel.com/

How do you get round premium charge? I am at the stage where I need to really start looking terrible place to be I know

Multiple accounts in different names.

[deansaccount]

what kind of figures was Adam posting?

If memory serves me correctly, there was a document detailing his trading from September 2007 - where he was making £4 a day right through to Sept 2009 where he was making £2k + per day.

Fair play to him - worked hard and reaped the rewards.

There will always be doubters but I find stuff like that very motivational.

Heard a lot about this guy. Was he an inplay trader or pre race? I'm assuming his edge would be gone by now, so I will ask this question out of interest... does anyone know how he traded and what he looked for? Maybe that's a question for Mr Webb?

[cybernet69]

what kind of figures was Adam posting?

If memory serves me correctly, there was a document detailing his trading from September 2007 - where he was making £4 a day right through to Sept 2009 where he was making £2k + per day.

Fair play to him - worked hard and reaped the rewards.

There will always be doubters but I find stuff like that very motivational.

Heard a lot about this guy. Was he an inplay trader or pre race? I'm assuming his edge would be gone by now, so I will ask this question out of interest... does anyone know how he traded and what he looked for? Maybe that's a question for Mr Webb?

There are a number of his videos on YT. I wont post a link because he didn't use BA. But there easy to find by searching.

[Euler]

You've got the wrong Adam. Adam Todd was around in the early years and throught 20k a year was good. Adam Heathcote was doing that in a month. Adam Todd didn't last beyond 2006 I think?

[Jukebox]

If I remember right from when I read his blog he didn't typically even trade at weekends

[cybernet69]

You've got the wrong Adam. Adam Todd was around in the early years and throught 20k a year was good. Adam Heathcote was doing that in a month. Adam Todd didn't last beyond 2006 I think?

Whoops Yes, wrong one.

Don't think AH posted anything apart from a trading blog, which stopped in 2012.

[max_usted]

I don't think those sorts of figures should be surprising. I used to, but not anymore. People used to think what Adam did was unbelievable, fake even, but in reality it's just the tip of the iceberg. But to get to really big numbers, you either need to be part of a syndicate (in which case you're splitting profits anyway) or you need to employ automation (which I expect most syndicates do as well). Syndicates are probably making those kinds of totals per day, let alone per week.

But as an individual, if I employ automation, I can trade horses, greyhounds, 50 football matches, tennis, all at the same time. Like Peter says, a few pounds per event adds up to a big total. But like any industry, continued competition means you always have to work to maintain your edge.

How does a Betfair syndicate work and why does it give such an edge? Does this involve arbing?

[ShaunWhite]

i know somebody who is making from 30k-100k a week..

whos that then?

I see fxcarllos has waited 7 years to make his first posting. Don't hold your breath for a reply because I think his ISP is on Proxima Centauri with ping speeds like that.

[Nero Tulip]

I don't think those sorts of figures should be surprising. I used to, but not anymore. People used to think what Adam did was unbelievable, fake even, but in reality it's just the tip of the iceberg. But to get to really big numbers, you either need to be part of a syndicate (in which case you're splitting profits anyway) or you need to employ automation (which I expect most syndicates do as well). Syndicates are probably making those kinds of totals per day, let alone per week.

But as an individual, if I employ automation, I can trade horses, greyhounds, 50 football matches, tennis, all at the same time. Like Peter says, a few pounds per event adds up to a big total. But like any industry, continued competition means you always have to work to maintain your edge.

How does a Betfair syndicate work and why does it give such an edge? Does this involve arbing?

Being in a syndicate doesn't 'give' you an edge, you still need to bet/trade with value on your side. The only way being in a syndicate can help to get big numbers on the lifetime p/l is because you can pool talented people's time and effort, so you bet on more things profitably, or you bet bigger because you have pooled funds, or you've spread the data analysis/ coding workload.. and that can add up quicker. But obviously it's misleading because the profits are split.

I'd have a guess that biggest lifetime gross profit to be close to or over £100m, but I think that is probably a group of people.

[PeterLe]

You've got the wrong Adam. Adam Todd was around in the early years and throught 20k a year was good. Adam Heathcote was doing that in a month. Adam Todd didn't last beyond 2006 I think?

I kept a copy of this image on my desktoop...

[cybernet69]

You've got the wrong Adam. Adam Todd was around in the early years and throught 20k a year was good. Adam Heathcote was doing that in a month. Adam Todd didn't last beyond 2006 I think?

I kept a copy of this image on my desktoop...

What was the lightbulb moment in January 2009 - ?

[PeterLe]

You've got the wrong Adam. Adam Todd was around in the early years and throught 20k a year was good. Adam Heathcote was doing that in a month. Adam Todd didn't last beyond 2006 I think?

I kept a copy of this image on my desktoop...

What was the lightbulb moment in January 2009 - ?

No not really; Ive never been good at manually trading! I did a betangel training course around summer 2007 and Adam had just done the same if I remember correctly. I did speak to just the once and also via email; he set me a challenge to break £10K month on automation..took me a while, but got there evenutaully and emailed him screen shot! Always found him a nice guy

[spreadbetting]

Must admit I could never understand why he started to limit his number of days trading when he'd managed to hit his peak. But I guess like a lot of us that found an edge in those days we never foresaw the PC charges and rested on our laurels enjoying the rewards.

[cybernet69]

Must admit I could never understand why he started to limit his number of days trading when he'd managed to hit his peak. But I guess like a lot of us that found an edge in those days we never foresaw the PC charges and rested on our laurels enjoying the rewards.

Don't think I fully understand why he jacked it in when the PC charges came about. Surely, he could have just opened new accounts in different names using family members etc and used the same manual or automated strategy on those accounts. Hit £1 million and then jack it in or ?