The BTC Horse Racing Thread

Nick Allan

@fraser-cord Yeah that's fantastic Fraser I agree with you those are the two strategies that I'm thinking of possibly taking up to higher stakes and just using those two as the lays revenue and sortware results don’t watch up. Just out of interest is anyone else possibly doubling up on backing favourites strategies? for example is anyone out there using the back the favourite 3.0 and the course and distance winner simultaneously?

Fraser cord

@nick-allan If it helps, I am only trading johns short odds lays and back fav now. And its for the exact reasons you are saying. Was too time consuming filtering through and my results never matched. Like you i was always down vs the software.

I now set my bot for 10 mins in the morning before work at check for 10 mins at night, thats it. Time is money so for 20 mins a day im more than covering costs and making it worthwhile. Taken a few profitless months to realise it though.

Nick Allan

@john-folan yeah im laying to stakes, on low stakes as its in a testing phase, the only 2 that seem to be profitable is your shorts odds lay which is great but only around 2-3 pts profit and last month was brutal so i cant up the stakes.
And back the fav 3.0 that’s looks amazing in back test and is ticking along in testing
On some of the YouTube videos that I've been watching and on the podcasts Ryan and Martin have said that there are guys out there that are making £700/£800 pounds a month on the software and I just can't see how they're doing that unless they have big banks and the stakes are a lot higher than mine. I mean if there's staking £100 per point then yeah eight points is possibly doable but if they are staking say £20 how are they getting that much profit?

I know you have to be patient in regards to any trading but surely there comes a point where you've got to be making at least enough money to cover the cost of the software? Very difficult to make big profits in testing, I totally get that, and you're benefiting by identifying something that's consistently profitable so over time you could look at upping the stakes, but at the moment I can't do that because there isn't one strategy that's consistently profitable.

Nick Allan

@chris-osborne yes chris sorry i mean lay the beaten fav

John Folan

@nick-allan said in The BTC Horse Racing Thread:

not sure if anyones doing the lay the fav but yesterday was brutal!!!! i weas WFH and the big 15.0 winner hit at the time my bot fires which is 6 secs before race start (yeah i know they never go off on time) and 2 secs later it went to 15.5 and 16.0 which meant it wouldnt qualify. Im thinking of lowering my bot to 14.0 as those bloody odds move so much in the last 10 secs before the off, i assume its all the scaplers?

i have to say im struggyling with this strategy, having quite a difficult time of late, anyone else feeling the same way?

My LTBF has taken a battering the last month. I was on that one yesterday too. I’m running a lay to liability and a lay to stake(on much lower stakes).

Yes you are right on the scalpers. Last 10 minutes are brutal. This is why set and forget on the horses is so difficult unlike the football.

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@nick-allan do you mean lay the beaten favourite as the lay the favourite is a short odds strategy at 2.4 max odds

Luckily I was driving yesterday didnt get chance to do much

Nick Allan

not sure if anyones doing the lay the fav but yesterday was brutal!!!! i weas WFH and the big 15.0 winner hit at the time my bot fires which is 6 secs before race start (yeah i know they never go off on time) and 2 secs later it went to 15.5 and 16.0 which meant it wouldnt qualify. Im thinking of lowering my bot to 14.0 as those bloody odds move so much in the last 10 secs before the off, i assume its all the scaplers?

i have to say im struggyling with this strategy, having quite a difficult time of late, anyone else feeling the same way?

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@greg-mitchell said in The BTC Horse Racing Thread:

we

Then nothing. All lays today. I forgot it shows 2 days.

Greg Mitchell

@jonathan-jones Southwell is tomorrow..

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@karl-pick

I got afew.
13:50, 14:20, 15:20, 16:20 @ southwell,

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@jonathan-jones said in The BTC Horse Racing Thread:

@karl-pick

are you talking about back the C&D winner no selections? I had an absolute ton of them yesterday.

Had some C+D yesterday but NIL today. Normally at least ONE especially with all the racing going on!
Its the Back the Favourite --NIL for 3 days

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@karl-pick

are you talking about back the C&D winner no selections? I had an absolute ton of them yesterday.

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@adam
Is the fav at bettime (and releated stuff) coming in that update too? At the moment i cant see how a couple of the current preset strategies are useable. They certainly cant be relied on (in that the backtest bears only a loose relationship to what would of happened if you traded them at that time). Sure sometimes you will lose from it and sometimes you will win but that randomness completely goes against why the software exists. Got another 4 points difference yesterday (all negative) and its because the backtest looks into the future to see the fav. Even got one race with the backtest reporting no bets but 2 were taken because 3 horses trading between 3 and 6 just kept swapping places in the last 10 mins.

I would say that update is probably a priority as its pretty much the only cause of the big inconsistencies i am seeing. Everything else is just a tick here or there which is totally expected.

The really damn annoying thing is it doesnt even look like the favourite condition is essesntial in 2 of these strategies. Both are profitable if you just bin it entirely.

Martin

@karl-pick if you think there should be some then log it with support please

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Is the SOftware on Racing working OK?
Today for the third day running no Back the Favourite selections.
It seems to have been since a New Version has come out. but I have ran Version 2 and still nothing.
Also no Course and Distance Selections which is very strange, hence me asking if all OK with software?

Kevin Pepper

@adam said in The BTC Horse Racing Thread:

@john-folan Yes I'm planning on adding this next week

Brilliant, thanks

John Folan

@adam said in The BTC Horse Racing Thread:

@john-folan Yes I'm planning on adding this next week

Wicked. This addition will be MASSIVE!!!

Adam

@john-folan Yes I'm planning on adding this next week

John Folan

@kevin-pepper said in The BTC Horse Racing Thread:

Hi, I'm struggling to create a Rule in the software which I think can be done (but clearly not by me!). So if any of you kind people can help I'd be very grateful....
What I want to do is to identify Favourites (at BSP is fine) with a price between 1.5 and 2 and place a Lay bet. OK, that's easy, I'm good up to this point.
However, I then only want to place the lay on the Fave if the 2nd favourite price is below a certain level, let's say 4.0, and then the 3rd fave price is below say 8. It's this bit where I want to check the other runners' prices that I'm stuck on.
If anyone can help guide me I'd be very grateful.
Thanks
Kevin

That’s not available yet. It’s coming soon isn’t it @Adam. I know I’ve annoyed you enough about this

Kevin Pepper

Hi, I'm struggling to create a Rule in the software which I think can be done (but clearly not by me!). So if any of you kind people can help I'd be very grateful....
What I want to do is to identify Favourites (at BSP is fine) with a price between 1.5 and 2 and place a Lay bet. OK, that's easy, I'm good up to this point.
However, I then only want to place the lay on the Fave if the 2nd favourite price is below a certain level, let's say 4.0, and then the 3rd fave price is below say 8. It's this bit where I want to check the other runners' prices that I'm stuck on.
If anyone can help guide me I'd be very grateful.
Thanks
Kevin