The BTC Horse Racing Thread
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@richard-latimer I only started doing this strategy yesterday so have very little results . I have traded 10 races , 4 lost ( only 1 horse went under 1.82) , and 5 had two horses get below 1.82 and one of the races have had 3 . Just a case of recording details of which courses , type of race( maiden, handicap etc) number of runners and length race has the best strike rate, will take time to determine this but i think we have plenty on our hands lol
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@james-everard said in The BTC Horse Racing Thread:
@richard-latimer Hi Richard all very much learning for me with horses but a good time to learn i think. The strategy of laying the field i believe can be successful, just learning to not trade on certain courses etc. For instance looking at the Australian racing on Betfair it doesn't explain if it is a standard horse race or a harness race. I only want to be trading standard horse racing for this strategy but Betfair doesn't give these details. Looking on the bet365 site the following courses appear to be harness racing and greyhounds only-
Menangle
Albion park
Globe Derby
BunburyThen of course Sweden has races but they never go inplay so they will never be part of this strategy.
Looking at the rules for this trade the first race that meets this criteria is the Tampa Bay Downs at 19.30pm 14 runners , 1 mile maiden and 5 horses are under 10.0 oddsDidn't realise that about Sweden so good to know. What percentage of races you have done so far came back in the positive and what percentage of races matched 3 rather than just 2?
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@richard-latimer Hi Richard all very much learning for me with horses but a good time to learn i think. The strategy of laying the field i believe can be successful, just learning to not trade on certain courses etc. For instance looking at the Australian racing on Betfair it doesn't explain if it is a standard horse race or a harness race. I only want to be trading standard horse racing for this strategy but Betfair doesn't give these details. Looking on the bet365 site the following courses appear to be harness racing and greyhounds only-
Menangle
Albion park
Globe Derby
BunburyThen of course Sweden has races but they never go inplay so they will never be part of this strategy.
Looking at the rules for this trade the first race that meets this criteria is the Tampa Bay Downs at 19.30pm 14 runners , 1 mile maiden and 5 horses are under 10.0 odds -
Am I right in thinking nothing fits until at least 17:30 when Tampa starts? The 17:30 doesn't look any good either but just so I can rule out all the afternoon's dross haha!
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@james-everard said in The BTC Horse Racing Thread:
@james-everard said in The BTC Horse Racing Thread:
@charles-cartwright Thanks Charles , will gradually get used to which courses will have the most liquidity etc. Just looking at some of the races this morning do you know what type of race is pace M. Obviously know handicaps, maidens etc but not heard of that type of race and can't seem to find any info on the internet
Think I may have found out that the Pace M description means, think it is for harness racing so swerve on that, so I am ignoring Albion Park and Globe Derby . Also anyone else experiencing when writing a post it now appears not to be in any order?
@Martin-Futter looks like the forum is still playing up.
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@james-everard said in The BTC Horse Racing Thread:
@charles-cartwright Thanks Charles , will gradually get used to which courses will have the most liquidity etc. Just looking at some of the races this morning do you know what type of race is pace M. Obviously know handicaps, maidens etc but not heard of that type of race and can't seem to find any info on the internet
Think I may have found out that the Pace M description means, think it is for harness racing so swerve on that, so I am ignoring Albion Park and Globe Derby . Also anyone else experiencing when writing a post it now appears not to be in any order?
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@charles-cartwright Thanks Charles , will gradually get used to which courses will have the most liquidity etc. Just looking at some of the races this morning do you know what type of race is pace M. Obviously know handicaps, maidens etc but not heard of that type of race and can't seem to find any info on the internet
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How have people got on? I forgot to turn the AUS bot on overnight.
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Can't tell you which ones to avoid since that would surely be just based on liquidity which you need to watch.
I can tell you though that for Saturday, the two big meetings are at Royal Randwick in Sydney and Ascot in WA.
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Can any of the more experienced traders let me know of which courses to avoid in the Australian Market as I saw Martin mention something earlier about avoiding a certain tracks thanks
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@terry-cooke On the UK markets you can use the website Timeform (Part of betfair). They post the lowest point matched (that has been traded over £100). Usually takes a couple of hours and is free although you need to sign up for an account.
Just logged on and it looks like only UK racing.
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@terry-cooke said in The BTC Horse Racing Thread:
@james-everard In fact how are you going to paper trade this, just with the odds live when the race is live and make a note of how many would have matched?
Sorry mate not explaining myself properly. What I am doing is laying the field automatically pre race at 1.82 and for it to go inplay. Shouldn't have said paper trading what I meant is recording the results on my notebook. I can then evaluate after a couple of months which particular courses, race types etc will be the profitable way to go forward.
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@martin-futter Ah good shout. I'm guessing that once the market has closed and you have clicked on to another market there is no way to go back to view the graphs?
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@terry-cooke you can check the graphs
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@james-everard In fact how are you going to paper trade this, just with the odds live when the race is live and make a note of how many would have matched?
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@martin-futter I was thinking that too, I noticed that there was about £60k there when it first went off and I saw one of the previous comments.
The joys of being a newbie
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@terry-cooke I think it has something to do with liquidity, I think there were a few that would have got matched shorter but if you see the gaps in the prices in-running they are quite big!
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@james-everard Paper trading sounds sensible to me. Typical that the one race I thought I would take a look at only 1 matched.
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Ok mate keeping an eye with small stakes and monitor . I am going to start paper trading these and make notes of the courses , handicaps , length of course, number of runners , weather conditions etc. I reckon a few months of analysis will give us a better indication which races to trade this strategy to make profitable in the long run
