Aug 2024 £3000 - ? Bank Challenge
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@richard-latimer Please take on board what stuart is saying and hopefully now someone has given the advice to you in data format this will help change your mindset to all this rather than us just advising you to make the needed changes
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@stuart-capstick no objections at all. You're looking at very similar things to what I did the other day in terms of pure SHG's.
Thanks. Really appreciate the second set of eyes.
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OK, here we go...
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You have at most 30 results for each scenario; in most cases, fewer than 20. Quite how you read anything into that, I'll never know. BUT, you have 78 FH scenario results and 383 SH scenario results.
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The FH is one to track, but with what you have, I think you could look at games with an average 3+ goals, favourite at least 80% scored in past 5 games, but not 100%. I would guess you'd get 70% FHG at least, so laying around 3.33/backing 1.43 will make you money on simply a FHG.
With those parameters, your SHG strike rate would be around 80%, so back 1.25 or LCS at 5 -
SH- Look for the 0-1, 1-0, 0-0, 2-0, 1-1 scorelines. With the games you get on your FH trades, you'll get a lot of SHG if you use the above scorelines.
You'll probably object on the ground of lack of specificity of odds/scenarios/types of butterfly seen that day. Just do it and see if I have a point. I think you have something very promising and it could be so much easier
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@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:
@steve-sandell said in The £59.91 - Betfair Premium Charge Challenge:
@richard-latimer all i would like to add coming from a newbie on here is, I've been through 3 strategies tested them and binned them as they weren't make enough points / % of my bank. Im now on my 4th one which works and looks profitable. So what im saying is don't get attached to a strategy, it doesn't matter how long you been doing it or how many games you have logged dont be afraid to bin it and move on.
Personal question you don't have to answer it but on average how many points / % of your bank are you making from your filterI've tested so many ideas and always been too quick to throw out the baby with the bath water.
The filter is just a way of amassing data in potentially high scoring games. It doesn't seem to work on it's own that I can see.
Where I am hopeful is in looking at areas of the data. That said, I'm looking forward to seeing what Stuart is seeing.
I haven't made anywhere enough yet. This is crucial to the conversation and why people are concerned.
I was where you are now and it was incredibly frustrating to see something you have worked on for so long not work but there came a time when i said its not happening and forced myself to move on. Figures and data doesn't lie. imo if you are not making profit (there will be ups and downs) on average per month / year then just bin it and move on to the next. There are plenty of strategies out there some old some new but they are out there
Remember goals are random and can happen or not happen anytime -
@steve-sandell said in The £59.91 - Betfair Premium Charge Challenge:
@richard-latimer all i would like to add coming from a newbie on here is, I've been through 3 strategies tested them and binned them as they weren't make enough points / % of my bank. Im now on my 4th one which works and looks profitable. So what im saying is don't get attached to a strategy, it doesn't matter how long you been doing it or how many games you have logged dont be afraid to bin it and move on.
Personal question you don't have to answer it but on average how many points / % of your bank are you making from your filterI've tested so many ideas and always been too quick to throw out the baby with the bath water.
The filter is just a way of amassing data in potentially high scoring games. It doesn't seem to work on it's own that I can see.
Where I am hopeful is in looking at areas of the data. That said, I'm looking forward to seeing what Stuart is seeing.
I haven't made anywhere enough yet. This is crucial to the conversation and why people are concerned.
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@richard-latimer all i would like to add coming from a newbie on here is, I've been through 3 strategies tested them and binned them as they weren't make enough points / % of my bank. Im now on my 4th one which works and looks profitable. So what im saying is don't get attached to a strategy, it doesn't matter how long you been doing it or how many games you have logged dont be afraid to bin it and move on.
Personal question you don't have to answer it but on average how many points / % of your bank are you making from your filter -
@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:
Laying under 2.5 Louisville
Stayed 2-0. Annoying. I'm looking forward to seeing what @Stuart-Capstick has seen in my data. Honestly sometimes it can be hard to see the wood for the trees.
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Laying under 2.5 Louisville
Trading Spreadsheet linked below
https://www.dropbox.com/scl/fi/3gnk1vku1krkoyfcq37y6/Trading-Bible.xlsx?rlkey=01eqhp8u73s61iy2s814sqfll&dl=0 -
@stuart-capstick said in The £59.91 - Betfair Premium Charge Challenge:
I'm pretty sure I'm not. I'll send something tomorrow.
If not nobody has offered anything positive on it like you have just now. All I've had is that nobody can really get inside of it.
I really am very interested to see what you are seeing.
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I'm pretty sure I'm not. I'll send something tomorrow.
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@stuart-capstick thanks, truly I'm interested. You're the first person who has looked at it. How do you best think I could exploit it?
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Richard, Eamonn has said it far better than I ever could. What I've posted may seem harsh but it drives me mad to see an obviously intelligent guy, who has something of value (yes, I've looked at your data) just not exploiting it.
I really wish you nothing but success. I hope you find what you are looking for, but really it's staring at you. -
But this is the thing. I feel I am getting somewhere and am just wanting to keep at it for the next month and a half as it is now. If it doesn't work I admit defeat, paper trade and go with a tried and tested. The rest of June and July won't kill me and it's worth it to see if the theory can be turned into physical.
I actually find this very easy to keep track of and implement most of the time.
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@stuart-capstick said in The £59.91 - Betfair Premium Charge Challenge:
You're missing the point. And what's worse, you seem to be doing it deliberately.
Getting very deep this forum. Yous lost me at butterflies
.Richard These guys are trying to help you but you are being blinded by your data.
I myself was trying different things and trying to complicate things but after some advice from Darri I keep everything stupidly simple now and I feel far better for it. 1. It’s easier to track and input into my spreadsheet. 2. It’s less time consuming. 3. Less stressful and 4 easier managed.
I’ve seen you post many a time now and you don’t seem to be getting anywhere. Don’t take this the wrong way but as someone said the other day, think it might have been Keith but a lot of new guys are well ahead of you in a shorter space of time.
Certainly test what you are doing if you wish but use one of the proven strategies to start to build a bank. Just want to see you progress mate that’s all. -
Only thing I will say is that there are other large chunks of usable data on my spreadsheet I'm sure but so far this would seem to be the best of it. But I keep collecting. It's now up to 1300 fixtures.
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@stuart-capstick said in The £59.91 - Betfair Premium Charge Challenge:
You're missing the point. And what's worse, you seem to be doing it deliberately.
I'm really not. I'm just trying to go about my plan. I posted the video because it was illuminating and interesting. I quoted from it.
I'm steadfast until the end of July as this is what I'll need to get the trades. After that I'll re-assess whether I can make better gains elsewhere.
On that note. Potentials for tomorrow:
Betfair finally have the USL so may stay awake for a couple of these.
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You're missing the point. And what's worse, you seem to be doing it deliberately.
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@stuart-capstick said in The £59.91 - Betfair Premium Charge Challenge:
The point of what you posted was that certain correlations have been found. Correlations between two co-variables. For example, between Nobel Prizes and chocolate production; which are likely caused by the third variable of level of development of the country in question. No need to refer to Chaos Theory.
In your case, to use the statistical analogy, you are trying to carry out a multiple regression rather than a simple correlation. You are trying to carry out multiple correlations without measuring the strength of any individual correlations. You are then trying to use those interactions in your trading within tiny time windows.
I'm not criticising your logic. I'm criticising the fact that it's too unnecessarily complex. I'm sure you have something profitable that is easy to execute. Just look for the simple correlations; they are present in your data.
The video refers to it.
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The point of what you posted was that certain correlations have been found. Correlations between two co-variables. For example, between Nobel Prizes and chocolate production; which are likely caused by the third variable of level of development of the country in question. No need to refer to Chaos Theory.
In your case, to use the statistical analogy, you are trying to carry out a multiple regression rather than a simple correlation. You are trying to carry out multiple correlations without measuring the strength of any individual correlations. You are then trying to use those interactions in your trading within tiny time windows.
I'm not criticising your logic. I'm criticising the fact that it's too unnecessarily complex. I'm sure you have something profitable that is easy to execute. Just look for the simple correlations; they are present in your data.
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@stuart-capstick Only reason for any of that was in the video I posted which was illuminating.
It isn't not working. I just haven't had a trade for ages. There's nothing on.
