Golf Trading on Betfair
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Rory looks a very good l2b currently at 2.4 - looking to get out at 5s
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Also interested as a golfer myself and a fan of the sport?
Thread has some interesting ideas too.
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Anyone trade Golf on here... a quiet day at work has me looking at the odds bouncing around whilst play is happening... my golf knowledge is limited and wonder if its a sport you need to watch and understand in depth to make money on.
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@stephen-oleary not yet. I may set up another bot to compare different odds.
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@paul-foster have you tries this at 2s to3s? on day 4day?
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@paul-foster good work there!
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@ryan said in Golf Trading on Betfair:
@stuart-wallace I found a stat on it average in the last 20 years day 1 leader in the majors have only won 17.5% of the time!
So really rough figures... £10 stakes you make £200 over 100 trades.
Thats trading out after 1 day - which you could test waiting.
I’ve been testing (very low low low stakes) similar few a few months now in both PGA + Euro tourneys.
Slightly different. I lay the Day 1 leader in the Top 5 market (liability smaller). I trade out after Day 2. The rationale is that tough to have replicate lowest score 2 days in a row and price will drift out.
I haven’t updated figures for July yet but across May/June was a couple of points up.
I think I will have to move to “Winner” market eventually as much more liquidity.
Still looking to test through to end of season but looks promising.
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Here are the results so far for my laying the field at odds of 4.0 experiment.
Early days, but looking positive so far. I've a bot for this, so I'll leave running and see what happens.
P
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@stuart-wallace I found a stat on it average in the last 20 years day 1 leader in the majors have only won 17.5% of the time!
So really rough figures... £10 stakes you make £200 over 100 trades.
Thats trading out after 1 day - which you could test waiting.
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@stuart-wallace same! could be a corking little way to make a few ££
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@ryan said in Golf Trading on Betfair:
It makes perfect sense this having watched golf for years!
Justin Thomas effectively came out of nowhere to win that, Mito fluffed it on the final day but Rory was in with a shot day 1 and fluffed it.
This I will want to follow.
Yes, seems like there is legs on a few strategies here - well worth continuing methinks.
I will do some analysis tonight on the next big event . -
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@stuart-wallace I’m only testing it at the moment. It seems very slightly profitable so will require some more adjustments.
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@paul-foster I guess it depends on how many possible markets there are? I’m still relatively new to the concept
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@dan-mackinnon Cheers Dan. Is it proving profitable?
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@dan-mackinnon I think the main difference between the horses and golf is the odds. With the horses my understanding is odds of 2.0 or lower.
I’ve tried these odds on golf but either lost or managed to break even. That’s why I’m trying 4.0.
TBH the main reason I tried it was to play about with BFBM but I do think that the could be something worth investigating.
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@paul-foster Thanks Paul. Yes that makes sense. Something i might look at as another golf strategy.
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@stuart-wallace Lay the Field is something I’m trying to get a strategy for with the horse racing.
You basically queue every market at a set price and wait for them to get matched. The more matched the better. The reason being is there can only be one winner, but you’ve hopefully matched lots of “losers” which you’ve layed. The more losing markets = more winning trades.
The liability is quite low because for you to lose a trade you have to have matched the eventual winner. Again, there can only be 1 winner, so maximum possible losing trade is always 1.
Hopefully that makes sense?
