ShaunWhite wrote: ↑Tue Sep 12, 2023 1:18 am
I don't think anyone has asked, what style of trading are you doing aj?
I understand why you'd want to stop if your strategy mid-session if it just isn't doing what you hoped. When people trial a strategy, which is what I think you're doing, the usual approach is to use very small stakes (except for speed critical in-running stuff as they take twice as long to place). Use a stake small enough that you're hedging for maybe +/-10p, and let it run for a few hundred markets, the longer the better.
Be prepared to spend a few quid gathering information about it, but as the markets are very efficient, unless your strategy is counter-intuitive then you should gross about breakeven. Then, once you have a database of bets (aka 'trades') that you consider to be a significant sample, several hundred maybe, start to analyse them for the situations that were slightly more advantageous. Refine and re-test, and repeat. When you're happy with it then very slowly start to increase your stakes over the course of about a month or so. You'll find a point at which your returns diminish as you start to affect the market.
You could of course instead go the whole 9 yards with data/simulators/back tests/servers etc but then you're looking at about a year before you're ready to go, unless you want to spend £200/mth per sport for data instead of accumulating it yourself. And you still need to find a strategy of course which isn't easy and could take another year, or might never happen.
The first suggestion is much cheaper and accessible for most newcomers, not many people buy a bike and want to wait a year to ride it. I'd always suggest starting simple and if you take to it, then you can always think about where you want to go.
Hello Shaun,
I am running two types of automation. Scalping the first 3 favourites on UK races with conditions on number of selections, volume etc etc. I don't have a keep on unmatched bets and find that it is common for one of them to come in if the bet is unmatched and remains a straight bet.
The other is on Aus races backing the favourite but with conditions on volume and volume %, odds, number of selections etc.
I am collating all the data and so far I am getting good results on both automations. I run them live with small stakes but if I want to try a variation I test it on practise mode first so essentially I run live and practise in parallel but with variations on practise.
I have tried many automations and manual trading over the last year but this is the best results so far but I am not yet counting the chickens.
Whilst I have you can you help with this one. I want to lay the favourite but only once it is in running and its odds have gone out to around 10/1. I know I probably have to store a value of when it was favourite at 15 seconds pre off but I am not sure how to do it.
Can you offer a suggestion.
Thanks for your input above.
Regards,
Anthony