The BTC Horse Racing Thread
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@nathan-cooke have you gone through @ryan's start guides for new members?
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Hey team, just joined and looking to get started trading. Feeling a little overwhelmed with where to start. What strategies to be looking at and if I need to sign up for a bot/trading software. Any advice or recommendations would be greatly appreciated.
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@panagiotis said in The BTC Horse Racing Thread:
@john-folan So, need to test it. Im following the 6 strategies and analyse the results month to month
good answer from John! here are my two cents
Q. Should I still test these before putting money on?
A. Yes, I will always advise forward testing any strategy for 1-3 months at least. This also helps you see the best approach for the strategy, for free! -
@john-folan So, need to test it. Im following the 6 strategies and analyse the results month to month
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@panagiotis said in The BTC Horse Racing Thread:
@john-folan I agree but when some strategies are back and forward testing for 2 years, what research do i need to do?
Check it's right. Check it can be replicated in real life(some can't). Will you achieve close to the odds offered? If you are botting it, then can your bot match the software(with an understandable margin of error)? etc
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@john-folan I agree but when some strategies are back and forward testing for 2 years, what research do i need to do?
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I shall be laying the favourites in these races 10 seconds before the start time subject to the following conditions:
Number of Runners 4-14.
Odds Between 1.8-2.4.
DSLR: 3-200.Full strategy available here in the pinned post.
https://forum.betfairtradingcommunity.com/topic/3531/horse-racing-shared-strategies-megathread-downloads
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@panagiotis said in The BTC Horse Racing Thread:
If we follow blindly the 6 strategies from the preset section , isn't a way to be in profit in 2023?
Opinions?
Never blindly follow anything. Check and double check everything. You need to know why a strategy works and how it works before you put a penny down on it.
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If we follow blindly the 6 strategies from the preset section , isn't a way to be in profit in 2023?
Opinions?
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@mrs-h-m-price said in The BTC Horse Racing Thread:
@daniel-mills
@daniel-mills said in The BTC Horse Racing Thread:
@mrs-h-m-price
Do you set your stakes as a level amount or percentage of your bank?
Level amount, so in this case fixed liability of £10
It’s something to do with the maths. I have the same thing sometimes but again it balances out as you lose less on losing trades as well as winning less (slightly) on winning ones. I did have it written down somewhere as I worked it out a while back. I’ll see if I can find it. It’s something to do with the best price thing.
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@daniel-mills
@daniel-mills said in The BTC Horse Racing Thread:
@mrs-h-m-price
Do you set your stakes as a level amount or percentage of your bank?
Level amount, so in this case fixed liability of £10
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@karl-pick said in The BTC Horse Racing Thread:
Mark yesterday as first major success with a triple figure winning day!!!
Brilliant, this definitely needs to go on the weekly win thread!
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@mrs-h-m-price
Do you set your stakes as a level amount or percentage of your bank?
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Mark yesterday as first major success with a triple figure winning day!!!
Long may it continue.......the set strategies are a bloody marvellous start before my Claudio Raniero process!!
Thank You. -
Hey guys on the subject of bots... I have noticed something with BFBotManager when laying to a liability. Maybe @John-Folan will have some insight on this...
If the price available is lower than the price requested, it won't lay the full amount. So for example, say I am betting at a liability of £10 and I request a price of 6. A stake of £2.00 will produce a liability of £10. But let's say there's some money available at a lower price and I actually get matched at 5.5, now that same £2 only gives a £9 liability. So in this case, I still want £10 liability matched so I would want to stake a bit more - £2.22, but that doesn't happen.
I cannot figure out if this is the way BFBotManager works, or if indeed it's just the way Betfair itself works. But what's happening for me on the lay bets, is that if I get the price requested or a worse price, my full stake is matched, but if I get a better price then I less is matched! So I'm losing out on the higher value selections!
This problem has been bugging me for ages and I can't find a solution to it, and don't even know if there is one. Any ideas folks?
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@john-folan Yeah, I've found the same. It's ok for running one or two strategies that don't overlap but its crap for anything more than that unless you want to run multiple instances which can throw up issues with the BF API from accessing it too much.
Took me a few evenings to get everything up and running but the leap from Fairbot has been more than worth it. It's given me a bit of time to track and test new strategies too, without all the admin that comes with it.
I see a lot of great discussion on the fairbot thread so don't want to be counter-productive to anything those guys are doing but BF Bot Manager has the automation thing nailed.
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@daniel-mills said in The BTC Horse Racing Thread:
@andy-lucy @John-Folan Pretty sure Fairbot doesn't - although it does let you use % of bank in your stake, it just seems like they never added anything in to let you define bank sizes. Not that I could find anyway.
That answers that then. Bet angel lets you use a percentage of bank as well, but you can't assign a bank to each strategy. BFbot is the only one that lets you do this. I find it so useful as I have different compounding rates and different lay types everywhere.
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@andy-lucy @John-Folan Pretty sure Fairbot doesn't - although it does let you use % of bank in your stake, it just seems like they never added anything in to let you define bank sizes. Not that I could find anyway.
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I shall be laying the favourites in these races 10 seconds before the start time subject to the following conditions:
Number of Runners 4-14.
Odds Between 1.8-2.4.
DSLR: 3-200.Full strategy available here in the pinned post.
https://forum.betfairtradingcommunity.com/topic/3531/horse-racing-shared-strategies-megathread-downloads
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@phillip-young said in The BTC Horse Racing Thread:
@john-folan I think that's where I need to be. I'm a relatively new member but think the way forward is to get a bot, load everything in, get the right pramaters in place and let it go, just look at the result each day.
How do I get to that place?With a lot of anxiety, questioning and confusion. That’s how I did it anyway
.Seriously though you need to trial the bots to see what fits your trading style best. Read their forums for user’s opinions. Don’t trust reviews. That’s not the worst place to start.
