Hi everyone. My evenings trading is going shocking today so thought I'd take a time out and pop on here. I've been lurking for a while but never posted. I attended one of Peter's classes recently (guy with the big beard if you're reading this!) and took loads away from it.
I've been caught out a couple of times this evening. I've had 2 races go in running as I seem to be having trouble with racing UK's live feed. It's been about 1 minute out which is worrying as it's cost me plenty more than my months subscription and it's always going to be in the back of my head now. I need to get to the bottom of it as it's going to be more of a hindrance than a help until I know it's 100% working.
On the plus side. I got caught in play for the first time last week and in a mad panic I just kept smashing the green up button. I must have placed about 50 bets and somehow managed to come out with £500 hedged up across the whole market and that was only using £5 stakes! I counted my blessings (of which there were many!) and decided to reinvest the money in to a new dedicated PC to trade from. Now I've got all the gear AND no idea!
So far I'm thoroughly enjoying trading. Still playing with smaller stakes until I'm confident in my opinion and long term consistency. I seem to be reading the markets better and better each day however I'm consistently getting shafted on evening races for some reason.
Big thanks to all the previous posters who've supplied me with knowledge up to now =D
All the best,
Tom
Evening all!
I would nt be too disheartened about this evenings results, the winter AW meetings are very tricky and are often full of wild swings and very volitile due to the overall poor quality of racing attacting very low liquidity. Their not everyones cup of tea and many traders will swerve them all togther, those that do trade them (including me) will approach with extra caution, and tackle them differently from regular meetings.
With the RUK are you refering to TV or their website/betfair streams?
If its TV thats usually a few more seconds behind the streams but not see it a minutes behind unless you have paused at some point and forgot and ened up watching the rest of the day behind everyone else (ive done that on more than one occasion
).
With the RUK are you refering to TV or their website/betfair streams?
If its TV thats usually a few more seconds behind the streams but not see it a minutes behind unless you have paused at some point and forgot and ened up watching the rest of the day behind everyone else (ive done that on more than one occasion
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Trader_Tom
- Posts: 198
- Joined: Mon Oct 10, 2016 10:51 pm
Glad to know I'm not alone. I'm enjoying it regardless as it's all a learning curve. I'm guessing with RUK (website) I must have paused it somewhere then. Fingers crossed this is the reason as it's a simple fix. Just don't pause it haha. I'll test it tomorrow and see how I get on.
During the day I'm typically green 9/10 races but I'm probably over cautious with that. I could probably take more risk and have a lower strike rate but larger profits overall. I tend to sit back on anything I'm not sure on and watch to see whether I was right or not. Or simply put an order in with low stakes and see how I fair.
During the day I'm typically green 9/10 races but I'm probably over cautious with that. I could probably take more risk and have a lower strike rate but larger profits overall. I tend to sit back on anything I'm not sure on and watch to see whether I was right or not. Or simply put an order in with low stakes and see how I fair.
I ve never used RUK via there website but if its a continuous stream it could also be that as the day goes on the stream slowly falls further and further behind so may needs closing and re-opening every so often to keep it upto date.
Nothing wrong with sitting on your hands or going in with smaller stakes on a trade your not fully confident on, their is no rule that says you have to trade every race or even a certain number of races a day, one of the most comon mistakes made is when people try to go race to race and just open poisitions for the sake of it or through bordom.
If you cant see any oppertunity or reason to get involved do nothing except what you already are and just sit and observe the market
Nothing wrong with sitting on your hands or going in with smaller stakes on a trade your not fully confident on, their is no rule that says you have to trade every race or even a certain number of races a day, one of the most comon mistakes made is when people try to go race to race and just open poisitions for the sake of it or through bordom.
If you cant see any oppertunity or reason to get involved do nothing except what you already are and just sit and observe the market
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Trader_Tom
- Posts: 198
- Joined: Mon Oct 10, 2016 10:51 pm
Yup it's one thing I read from the very beginning is not to trade if you don't have an opinion on anything. I've sat a few races out because I didn't like them and instead just watched or made a brew 
I'm wanting to have a play with automation at some point. I might spend my evenings doing that instead of trading. I hear you're the guy to talk to
I'm wanting to have a play with automation at some point. I might spend my evenings doing that instead of trading. I hear you're the guy to talk to
Try Radio streams as a backup. I've got bluetooth headphones. Just cheap ten quid ones, range about 10ft, only work as far as the kitchen but let's me hear when Peter says "THIS EVENT STARTS IN FIVE MINUTES" etc. Then move, listen, sort/react/panic or whatever.
Hi Tom,
thanks for posting, I find it interesting to hear how other people new to sports trading are getting on. I'm still at the very start of getting to grips with bet angel, let alone learning about how the various markets work.
I have seen on various videos that people produce that there is a take SP button situated at the bottom of the screen. I think this can be used as a sort of last resort as it were, so if the race does happen to go in play earlier than you were anticipating. The software will close out your trade for you taking the BF SP rather than you having to worry about trading out in play.
It would be good if someone with experience of using this button could comment to see if my understanding of its function is correct.
thanks for posting, I find it interesting to hear how other people new to sports trading are getting on. I'm still at the very start of getting to grips with bet angel, let alone learning about how the various markets work.
I have seen on various videos that people produce that there is a take SP button situated at the bottom of the screen. I think this can be used as a sort of last resort as it were, so if the race does happen to go in play earlier than you were anticipating. The software will close out your trade for you taking the BF SP rather than you having to worry about trading out in play.
It would be good if someone with experience of using this button could comment to see if my understanding of its function is correct.
Yes thats right, whenever i get a order matched immedietly after i always place an opposing bet equal to my current net stake away from the current odds and mark as take SP which guards against any internet loss, Betfair crashes etc.Bluesky wrote:It would be good if someone with experience of using this button could comment to see if my understanding of its function is correct.
That's an excellent piece of advice Dallas, I was hoping the software would be able to do this, and was going to ask a questions about it, don't need to now.Dallas wrote: Yes thats right, whenever i get a order matched immedietly after i always place an opposing bet equal to my current net stake away from the current odds and mark as take SP which guards against any internet loss, Betfair crashes etc.
I have read a lot of posts on this site and other forums about people doing well over a short period of time and then losing their profits and more by letting one trade go in play. Either through a genuine mistake such as Tom here in this thread, or by being unable to take a loss.
Is all they need to do to get over this problem is to do what you do Dallas, or is there some kind of catch that I have not thought about. It seems such an easy thing to do, ie press a button at the bottom of your screen and hence not have the worry of going in play, due to your mistakes or circumstances out of you control (internet or power failure etc).
It can't be that easy can it? I wonder if it might be the case that if your looking at a loss and the event is about to start, if you go the SP route then you are certain of the loss. If you go the in play route then although its a gamble you still might end up a winner.
There is no catch and its precisely that easy to safe guard against having full open poistions going in play due to unforeseen curcumstances.Bluesky wrote:Is all they need to do to get over this problem is to do what you do Dallas, or is there some kind of catch that I have not thought about. It seems such an easy thing to do, ie press a button at the bottom of your screen and hence not have the worry of going in play, due to your mistakes or circumstances out of you control (internet or power failure etc).
Although it may help reduce the temptation of going in-play by choice to recover a loss if someone is determined to they ll still just cancel it at the last moment and take their chances in-play.
Hi, I used the "Take SP ALL" button a few times yesterday and it did close me at SP, but when using it there didnt seem to be any confirmation anywhere i could see that you have clicked on it so it made me a bit concerned that nothing was going to happen.
is there any confirmation that you've click on the button anywhere?
is there any confirmation that you've click on the button anywhere?