track side partner..

[Kai]

I'm always amazed by the length that people will go to just to avoid having to learn how to trade properly, they will always try and reach for the lowest-hanging fruit but the problem with that is that everyone else will try and do the same so you most likely end up fighting for scraps. I do understand the irrational obsession about beating the market and about finding a strategy that wins every single time so it's no real surprise that it can mostly be found in speed-based approaches, but you have to be among the fastest to make that work like Dallas has mentioned. I had opportunities to develop trading styles based on speed alone but I never really considered going in that direction because it just seems like short-term thinking, why go to so much effort to build an edge based on speed when it can easily be ruined one day by any number of small reasons, like something as simple as a bet placement delay increase or someone faster showing up, or losing the feed that you entirely depend on etc. And then you're left with nothing and no real trading or mental skills required to build on and to develop a new edge.

Might as well put that same effort into thinking long-term and learning how to effectively trade a single market. If you can master one market then you have the option of applying those core principles on other markets/sports by just working out the different details, and more importantly that way you develop proper trading and mental skills that can compensate for any shift in the market behavior and you can even use that same skill set to potentially scale up outside of the betting exchange. I'm aware that there's different age groups of traders and vastly different personal circumstances but still, short-term vs long-term thinking should be a no-brainer really in my opinion.

[PeterLe]

I went to a corporate event at Lingfield some months ago...
We were hosted by an injured jockey who took the party down to the last fence to give us a better view...we were maybe 10 mtrs away from the action

I had my VPS on my phone (and the view of the fence in the background) and was watching the odds as the horses jumped the last
Even discounting the what the odds would be if i were to have submitted a bet ie with a further 1 sec)...the odds were already very low (i cant remember the exact odds but seem to recall they were circa 1.15) and the leader was only marginally in front of the second horse

i just don't know how these guys do well on this these days, good luck to them if they have an edge

By the way; is there still a trading shop in Cardiff? (See this link by megarain) viewtopic.php?t=9749

[weemac]

The basic premise of having a spotter is 10-15 years out of date, and even back then it was prone to error, miscommunication and unnecessary extra delay.

[fatboyeno]

Thanks for the replys! Ok ignore the fact I mentioned 1.01 that's not the stratergy, was more about getting the best deal available.
I would not need anyone watching the race to back at 1.01 nor would I take that risk knowing only 1 loss wipes me out.
I have used Betfair and betangel for years in different accounts and have a good idea how to do it but decided grinding out small profits on my day off won't cut it. Mabye if it was my main job.
So you guys are all in profit and now you don't need to learn anything new because your happy with your winnings?
100s of trackside bettors using a laptop connected to 4g dongle at the tracks?
For 1 you would be noticed in the stands and kicked out, using phones to someone sat at home on a computer can work but I don't think it's done alot.
To make it work you need to be in a car centre course and not all tracks allow this.
So as I have actual experience in this and have not seen anyone else doing this, sometimes only 10 cars centre course.
Where do you get your info on how many are actually doing this?
I have not explained my strategy but asking here is the forum of the software I use so assumed would be a good place to start.
Spotting things happening during the race to take advantage off live before the odds get pulled is where u can make the money.
I have done this alone but it's slow to watch race and then get back in the car and bet.
Can be difference in matching at 3.0 for example and getting 1.5
Andy

[Euler]

By the way; is there still a trading shop in Cardiff? (See this link by megarain) viewtopic.php?t=9749

URL no longer works but they are still filing accounts. But no really business on them by the look of it. Would need somebody from Cardiff to confirm if the shop is still there. Maybe the exchange part is gone now?

[LinusP]

Good luck getting 4g at a race course, I struggle to send a text at Fontwell and Goodwood.

I really hope the betting at 1.01 never dies, best price execution isn’t what it’s talked up to be. Like many have mentioned on here before you shouldn’t be following the crowd.

[fatboyeno]

I always get 4g at my local track, I'm not doing what everyone else is doing, people are saying I should learn to scalp etc But surely that's following the crowd.
All I'm after is someone interested in seeing about a new idea that has potential.
Andy

[ShaunWhite]

have not seen anyone else doing this

You won't do. The reason you don't see them isn't because they aren't there, it's because they're doing it surreptitiously enough not to be see by you, or the staff. It's their job, they're good at it. How many people have you seen stood casually with a hand in their pocket, have you ever thought they might be running a custom app with one half of the screen being back and the other lay or some other configuration, or maybe concealing custom hardware?

Edward Throp was using wearable computers way back in 1964, 55 years later you can be certain things have moved on a bit, certainly beyond having a man with binoculars on the phone to someone in the carpark. You need to remember too that being fastest means you're the first one to get bad prices not just good ones, unless you think your race reading (or your mates race reading) is better than the unassuming guy next to you who's spent a lifetime doing it, and who's just as happy to set traps as he is taking prices, and usually doing both.

If you're trying to trick the tricksters, you probably need to stop being quite so impressed with how devious you think you are, and up your game in the ideas department. It's harsh, but I'm sure you're big enough that it doesn't need to be candy coated.

[fatboyeno]

Hi Shaun

Thanks for the reply, no need to find something complicated for it to be a better idea. If it works then it works and I have won using it, not a theory. My problem is I'm too slow alone doing it all.
No race reading skills needed it's very simple but a 2 man job.
I don't see why you think it's a bad idea to use binoculars and actually see what's going on in real time.. I'd choose live date over delayed video and reading fake money trying to move the markets.
I will explain it to you in pm if you really like just for the fun off it even tho you can't help me.
Cheers! This is fun

[PeterLe]

have not seen anyone else doing this

You won't do. The reason you don't see them isn't because they aren't there, it's because they're doing it surreptitiously enough not to be see by you, or the staff. It's their job, they're good at it.

Shaun, Not sure this is entirely true...
I had my laptop open in the room with my VPS displayed
I dont think the racecourses care if you are trading or not (I know the tennis is different, but no one cares about horse racing as far as I know)

[ShaunWhite]

Shaun, Not sure this is entirely true...

Fair enough, I rarely go these days so I'm probably a bit behind the times. I know they resisted it early on because they hoped to sell boxes where it was permitted. Sounds like they've found that resistance is futile.

[Euler]

Since I learnt to race read, it became more obvious to me some way out which horse is going to win. You can't easily see that at the track, but if you go into the grandstand and watch the TV it's much easier and you get better angles on it. I don't think being on course right on the track helps much apart from the jumps and the start.

[ShaunWhite]

I will explain it to you in pm if you really like just for the fun off it .

You're alright fatboyeno, it's not really my thing so you can save your time. I'm sure there's others on here who'll be more interested or helpful.
Good luck if you give it a go.

[Derek27]

There will be losers at times due to unforeseen circumstances,

..... that wipes out all your profit and creates heavy losses!

[fatboyeno]

Since I learnt to race read, it became more obvious to me some way out which horse is going to win. You can't easily see that at the track, but if you go into the grandstand and watch the TV it's much easier and you get better angles on it. I don't think being on course right on the track helps much apart from the jumps and the start.

That's why u go centre track in your car. U can park on a hill and get a wider angle instead of being stood with them face on where it's much harder