Right, I am basically semi-retired and spend most mornings on the markets (Forex, commodities, indices, etc) and on Betfair/Bet Angel in the afternoon. When it comes to Betfair/Bet Angel, I'm a sniper not a trader. Sniping? That is the term for people who will back the winner at the very end of the race. Yes, you shall be putting on, for instance, £300 to make £10. But, by using BA Professional and watching the race live (RUK or ATR) then it's the easiest money you will ever make.
Take my day's racing yesterday. £207 over 14 races. My goal, every day is to try and make at least £10/race. Yesterday it averaged £14/race (see attachment) - so, not bad. However, yesterday, I could not get matched on about 14 races - it's all to do with the weight of the money on either side of the market. Today, we have 34 races and shall be looking for a bigger profit today. If you want to see some of my recorded sniping techniques, then PM me and I will be happy to send you the link(s).
How Much Do You Want to Make on a Daily Basis?
If u want to double your earnings, I will cross match your P/l from sniping off RUK.
No such thing as snipping, but each to their own. I can put that type of money through pre race and come out with say £50-£100 fully greened up trade, depending on how liquid the market is. That is the difference between trading and gambleing (High Risk)i done what your doing in my early years, i had balances like yourself, one day over the jumps before last fence i lost £400 because the horse fell, from that day on i attended Peters master classes in Hook and i came out as the trader i am today. I wish you all the best in your stategyoliver123 wrote:Right, I am basically semi-retired and spend most mornings on the markets (Forex, commodities, indices, etc) and on Betfair/Bet Angel in the afternoon. When it comes to Betfair/Bet Angel, I'm a sniper not a trader. Sniping? That is the term for people who will back the winner at the very end of the race. Yes, you shall be putting on, for instance, £300 to make £10. But, by using BA Professional and watching the race live (RUK or ATR) then it's the easiest money you will ever make.
Take my day's racing yesterday. £207 over 14 races. My goal, every day is to try and make at least £10/race. Yesterday it averaged £14/race (see attachment) - so, not bad. However, yesterday, I could not get matched on about 14 races - it's all to do with the weight of the money on either side of the market. Today, we have 34 races and shall be looking for a bigger profit today. If you want to see some of my recorded sniping techniques, then PM me and I will be happy to send you the link(s).
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newaustralian
- Posts: 56
- Joined: Fri Sep 02, 2016 3:40 am
Interesting topic . I make 1.17 per day on my available capital ( that I am willing to lose.) I start each financial year with a number of $1000. For the past few years I have converted the $1000 into $16,000. The question you should ask is why not increase the initial amount deposit. The reason is to make 1.17 % on 1000 is $12.00 - but to make 1.17% on say 16000 ( that is at the end of the year) is $192.00 substancially harder both emotionally as we as getting bets accepted especially at most of my bets are lays. If I started with say $10000 at the end of the year that would been about $2000 per day. The inital question -- aim at making about 1.00% of the available capital.
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iambic_pentameter
- Posts: 450
- Joined: Wed May 18, 2016 1:24 pm
I've only been involved with horse racing trading for 5 months, so other more experienced traders may be able to offer something more articulate.oliver123 wrote:Right, I am basically semi-retired and spend most mornings on the markets (Forex, commodities, indices, etc) and on Betfair/Bet Angel in the afternoon. When it comes to Betfair/Bet Angel, I'm a sniper not a trader. Sniping? That is the term for people who will back the winner at the very end of the race. Yes, you shall be putting on, for instance, £300 to make £10. But, by using BA Professional and watching the race live (RUK or ATR) then it's the easiest money you will ever make.
Take my day's racing yesterday. £207 over 14 races. My goal, every day is to try and make at least £10/race. Yesterday it averaged £14/race (see attachment) - so, not bad. However, yesterday, I could not get matched on about 14 races - it's all to do with the weight of the money on either side of the market. Today, we have 34 races and shall be looking for a bigger profit today. If you want to see some of my recorded sniping techniques, then PM me and I will be happy to send you the link(s).
I see two major issues with the process you are using:
Firstly, as has been mentioned in this thread, if a horse falls and you've staked £300 to win £10, you would lose the £300 which would then take 32 x £10 wins to get this back - this takes into account 5% commission.
Even if the horse doesn't fall, there are lots of stats out there to illustrate that a number of horses lose at low odds - discussed in this thread:
viewtopic.php?f=5&t=12628
Then, of course, is the issue with live pictures - as has been discussed many times, the on track traders will have an advantatge over anyone that trades off-track.
Secondly, I think if you have a 'target' for the day, this can sometimes lead to over-trading - for example, let's say you have a figure of £10 per race but by race 5 you are actually down, if you don't have the correct mindset/discipline, this could lead to trying to hard to make up the losses. I've seen a number of traders on these forums treat each race on an individual basis.
I've also read on here that if you have excellent race-reading skills, that will be another benefit when doing in-play trading.
With all that being said, I wish you well with your process. I do not trade in-play due to a lack of experience and at this stage, my goal is to become profitable as a pre-race trader.
Iambic
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I think he's just backing in £10's rather than adjusting the stake to return £10 looking at his pnl statement. I agree with the comment about the feeds though. Generally if you're able to pick up a profit using heavily delayed feeds, compared to track players, you'll most likely be able to use those race reading skills to make more when the playing field is more evened.iambic_pentameter wrote: I see two major issues with the process you are using:
Firstly, as has been mentioned in this thread, if a horse falls and you've staked £300 to win £10, you would lose the £300 which would then take 32 x £10 wins to get this back - this takes into account 5% commission.
This sounds like it might be worth exploring but I wonder how long have you been doing this strategy for. The comments iambic_pentameter make a lot of sense to me. If you say you have been doing this for several months then fair play to you. If however you have only been doing it for a week or two then I think you need to be very careful.oliver123 wrote:then it's the easiest money you will ever make.
I was recently reading this thread that you started in August where you stated you had been losing constantly on BF for 8 years, would I be right in assuming you were not using this strategy at that time?
viewtopic.php?f=17&t=12386
lol, he was also laying non-runners for "easy money"
viewtopic.php?f=5&t=12633&p=106977#p106977
viewtopic.php?f=5&t=12633&p=106977#p106977
For those of you who mentioned the leader falling at the last fence - you NEVER snipe until the leader/winner has jumped the last fence. Have been stung in the past so NEVER, NEVER snipe until the last fence is cleared. But then, we have the flat races and that is easy money. It is precisely 17:04 (November 3) and I have banked £267 today!! Won't bore you again with my winnings other than to say trading is risky, sniping - no risk - simple!!