It would be complete madness to use your entire bank on a strategy like this as if you get it wrong once you would blow your bankFerru123 wrote:If the horse refuses to run, though, don't you lose your entire bank?
Jeff
Zenyatta wrote:
I'm very skeptical that cold trades (done without any knowledge of horse racing) can turn a profit. I note that cold traders only report a ROI of 0.5-1%, which tells me that the signal to noise ratio in the technical indicators must be very very weak, if present at all, and in fact its possible that these cold traders are just deluding themselves and any profit they get is actually due to additional info (indirect or direct knowledge of the horses in a few of their trades).
. If you have 100% in one day and you manage to go even for the rest of the week well I think I going to invest some more time on horses.enzabella2009 wrote:When I entry a football market ( i have 100% aknoweldge of it) I only look at the numbers (odds), the best price where to trade.75% of the time it`s not on the favorite. I dont even bother to see how it ends, I usually walked out 10sec. before kick off. I did the same on horses with the SP feature in my advantage, it worked just perfectly. I cant remember a single Horse name I traded on
.enzabella2009 wrote:Hi Jeff, I dont mean to be rude but when you find a good spot for fishing U usually keep it for your self..When the fishing spot is not good anymore, if you clever enough, you will then start to sell it out to others
Jeff, the margins of the trade colders are small enough that all their profits could actually be explained by tiny amounts of external info about form they slipped in, perhaps unconsciously... even just looking at TV pictures of the horses conveys slight information about form.Ferru123 wrote:Hi Zenyatta
I disagree.
There are consistently successful traders (including Peter Webb) who don't study a horse's form before trading it.
Also, you are assuming that the Betfair price will gravitate towards the true odds, rather than being hype-driven. I would say that, if you've got a low-priced favourite ridden by Tony McCoy and backed by every newspaper, it will probably steam regardless of its true form. Also, you often see horses drift like bargepoles, only to win handsomely (making you wonder if someone knew something and deliberately mislead the market!).
Jeff
Zenyatta wrote:
I'm very skeptical that cold trades (done without any knowledge of horse racing) can turn a profit. I note that cold traders only report a ROI of 0.5-1%, which tells me that the signal to noise ratio in the technical indicators must be very very weak, if present at all, and in fact its possible that these cold traders are just deluding themselves and any profit they get is actually due to additional info (indirect or direct knowledge of the horses in a few of their trades).
