The BTC Horse Racing Thread

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First one at WRD is a tough call. 2 close favourites and both horses track pace.

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@keith-dow said in The BTC Horse Racing Thread:

B2L on Wish upon. 10% of stake.

Took a while but hit. Also managed to swipe a small win on the winner in running.

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B2L on Wish upon. 10% of stake.

Richard Latimer

Laying the following in 19:00

Wish Upon
Bramble Queen
Passing Out

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@richard-latimer Ahhhhhh, apologies. The second race on the favourite.

Richard Latimer

@keith-dow said in The BTC Horse Racing Thread:

@richard-latimer Scalping the horses is essentially trying to nick a tick here and there. So back one tick up and lay one below, rinse and repeat. When the market is stable and liquid it's not too stressfull. Although a large order can come in and you end up on the wrong end of a steam or drift. You really need software to do it to see what the ladder is doing.

No, I know what scalping is. Not sure what race you were on about?

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@richard-latimer Scalping the horses is essentially trying to nick a tick here and there. So back one tick up and lay one below, rinse and repeat. When the market is stable and liquid it's not too stressfull. Although a large order can come in and you end up on the wrong end of a steam or drift. You really need software to do it to see what the ladder is doing.

Richard Latimer

@keith-dow said in The BTC Horse Racing Thread:

@richard-latimer Think I'll give it a serve too. Going to try and scalp a few ticks before the off though. It'll probably be a fairly stable market on it.

What's that?

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@richard-latimer Think I'll give it a serve too. Going to try and scalp a few ticks before the off though. It'll probably be a fairly stable market on it.

Richard Latimer

Not touching the 18:30 as timforme fav currently 1.5

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@richard-latimer said in The BTC Horse Racing Thread:

@keith-dow said in The BTC Horse Racing Thread:

@richard-latimer Did any hit the 2's?

Only the winner and I didn't lay that one.

Not sure on the next race, really short favourite. Don't think there's even the competition for a L2B. Will see what the market does pre-off.

Richard Latimer

@keith-dow said in The BTC Horse Racing Thread:

@richard-latimer Did any hit the 2's?

Only the winner and I didn't lay that one.

Richard Latimer

@richard-latimer said in The BTC Horse Racing Thread:

18:00 Tampa starts it all again. Laying the following @ 2.02:

Young American
Passionate Hachi
Crazy Frank C

Nothing matched so no win/no loss.

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This post is deleted!

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The money came in for Young American at the end despite it drifting to 2nd fav. B2L on for 10% of stake. Good start.

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@keith-dow said in The BTC Horse Racing Thread:

@richard-latimer said in The BTC Horse Racing Thread:

18:00 Tampa starts it all again. Laying the following @ 2.02:

Young American
Passionate Hachi
Crazy Frank C

Think I'll B2L young american unless he drifts at post.

Of course after saying that he drifted!

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@richard-latimer said in The BTC Horse Racing Thread:

18:00 Tampa starts it all again. Laying the following @ 2.02:

Young American
Passionate Hachi
Crazy Frank C

Think I'll B2L young american unless he drifts at post.

Richard Latimer

18:00 Tampa starts it all again. Laying the following @ 2.02:

Young American
Passionate Hachi
Crazy Frank C

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@charles-cartwright Thanks Charles, I am a bit sceptical about a blanket approach to laying, different if you've done research on a specific horse and course. The people I 'borrowed' the settings from touted an 88% strike rate, that's still a little fragile and I am sceptical. However, I'm using tiny stakes and regaining my feet in the sport (I started out trading horses and panicked at the speed of the markets and level research required) and then switched to football.

This lapse of sport has allowed me to get in some learning and start exploring how stats can help certain trades. I've found that I am actually loving the horses, probably more than trading football. Back to Lay is my preferred option and I honestly cannot wait to get let loose on the big guns now.

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@keith-dow said in The BTC Horse Racing Thread:

Greyhound bot had a good night/day and up 1pt. Horse bot, not so much and at a loss of 1.25pts! Current overall Greyhound at 89% S/R and 1.25pts profit, Horse bot at 85% S/R and 0.8 pts loss. Changed the settings to fixed liability as opposed to fixed stake to see what impact that has on the return.

Keith:

As well as looking at your strike rate you need to monitor the prices that the lays are going in at because the two need to be in sync (obvious really). So if the true S/R after several hundred trades is around 85% you need to have an average price of around 6.5 just to break even. Naturally, the higher the S/R the higher the average price you can tolerate and succeed.

I worked with straight laying horses for several years and have to say I could never find a way of making it work for any sustained length of time before hitting a bad run that would wipe out most of the accumulated profit. Before everything went on hiatus a couple of us were working on an idea that Martin F. put on here looking at laying selections picked as naps by the online/newspaper racing people and that appeared promising (chance that they would be overvalued simply because they had been flagged up by someone who is on a bad run of picking winners). In the UK market there is enough liquidity in the place market to make the trades there and that greatly diminishes your risk and makes it potentially less prone to huge variance swings.

Anyway...good luck with whatever you try right now and hope you stay with us here on the HR thread when real racing returns (hopefully) soon!

C