The BTC Horse Racing Thread

John Folan

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

John Folan

@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.

phillip young

@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?

Andy Lucy

Wonder if fairbot does will look into that thanks

John Folan

@daniel-mills said in The BTC Horse Racing Thread:

@andy-lucy no extra software, it's just a term for earmarking a set amount (bank) to a single strategy. Say you have £1000 to trade with and 5 strategies - you might opt to £200 bank for each strategy. That way, if if one goes on a bad streak, it can still recover and doesn't negatively impact the other strategies.

It's really easy to blow a bank if you're using the whole thing on multiple strats!

Bfbotmanager does this for you. You can assign separate banks to each strategy. At the moment Bet Angel(not sure about Fairbot) doesn’t do this. He’s got no intention of adding it either. I suggested it years ago.

? Offline

@andy-lucy no extra software, it's just a term for earmarking a set amount (bank) to a single strategy. Say you have £1000 to trade with and 5 strategies - you might opt to £200 bank for each strategy. That way, if if one goes on a bad streak, it can still recover and doesn't negatively impact the other strategies.

It's really easy to blow a bank if you're using the whole thing on multiple strats!

Andy Lucy

When u say different banks for different things etc does that mean u have to pay for multiple software or how’s that work? Just intrigued

Dan MacKinnon

@john-folan I do the same. I load up mine and leave it. Different banks for different approaches so it never clashes.

I fully accepted I’m never going to be as smart as the software so best to just get out of the way!

John Folan

This discussion made me chuckle. I don’t even look. I just load them all on and let the bots sort it out. I’ve got stuff laying to a liability, stuff laying to stake, stuff backing to stake. All at different compounding rates(so percentages of their individual banks. It all sorts itself out in the long term even if it can be counter productive on occasion. I like @Keith-Driscoll ’s approach though.

I’m just lazy

Andy Lucy

I mean back as dumping the lay sorry

Andy Lucy

It’s parallel world and zip in the later races that’s the ones that clash I think u mean as they are back c and d winner and pace lays. I will just lay then thanks for that info

Dan MacKinnon

@panagiotis said in The BTC Horse Racing Thread:

@martin Hello.

Today we have an example with the same horse in two different strategies to back and Lay.

Ayr 16.15 the Horse Rowdy Rustler

Back the Fav 2,5-6
Pace Lays 3-11

I scheduled already the back strategy. To let it run or to avoid this race and horse?

I think you're reading the email wrong. They're not the same horse. The Back the Favourite is backing whichever horse is the favourite at the time. The Pace Lay is laying that particular horse. The two strategies can work together as you're still expecting one horse to win and the other to lose. The only way it doesn't work is if the pace lay IS the favourite

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

I've always used the rule to dump the lay selection, as they usually have the lowest ROI%. It works over the long term.

Make sense.

Thanks, mate

Keith Driscoll

@panagiotis said in The BTC Horse Racing Thread:

@martin Hello.

Today we have an example with the same horse in two different strategies to back and Lay.

Ayr 16.15 the Horse Rowdy Rustler

Back the Fav 2,5-6
Pace Lays 3-11

I scheduled already the back strategy. To let it run or to avoid this race and horse?

I've always used the rule to dump the lay selection, as they usually have the lowest ROI%. It works over the long term.

? Offline

@martin Hello.

Today we have an example with the same horse in two different strategies to back and Lay.

Ayr 16.15 the Horse Rowdy Rustler

Back the Fav 2,5-6
Pace Lays 3-11

I scheduled already the back strategy. To let it run or to avoid this race and horse?

John Folan

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

? Offline

@martin Super!

Can i do it automatically from fairbot or there i can use only one strategy per race?

Daniel Sawkins

@martin Hi, Yes they have been working fine for a few months it's just today I couldn't get them to pick any selections up, very strange. I'm hoping it's just my phone, I'll check them on my laptop in the morning and hopefully my phone will sort it's self out.

Martin

@panagiotis if it's not the same horse you would just do both

Martin

@daniel-sawkins have you turned them on?