The BTC Horse Racing Thread

? Offline

Im new here and very happy to join you guys.

I would like to follow all 6 horse strategies BUT i saw that many bets are inverse with other strategies.
For example, i found a horse to back and to the next strategy to lay.

What i need to do there in order to do it correctly?

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

@robert-cooke said in The BTC Horse Racing Thread:

@john-folan do you have the match me turned on at Betfair. Thanks

Yes. Seems quite efficient.

? Offline

@john-folan do you have the match me turned on at Betfair. Thanks

John Folan

It was that one. It must have hit 2.4 for a millisecond. My bot asks for a price 2 ticks worse to ensure matching but in this case I was matched at 2.4 as I’ve got the best price available turned on in Betfair.

? Offline

@robert-h Malaita in the 14:48 at Catterick. It went off at 2.42 I think so that may be why it didn’t trigger for you. John’s bot triggers anything that’s two ticks bigger than the 2.40 threshold I believe.

Robert H

@john-folan Can I know which one traded as my bot didn't fire and just want to see why. Thanks

John Folan

@john-folan said in The BTC Horse Racing Thread:

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

One trade and it was a winning one

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

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

I wasn’t being critical, I just wanted to understand how @John-Folan made profit and I didn’t.. obviously liability v stake makes a massive difference.. and I’m fine with that.

Honestly, liability is the way to go. Anything I lay over 3.0 is done to a liability. Any football included. I can manage the downturns a lot better(less meltdowns)

Greg Mitchell

I wasn’t being critical, I just wanted to understand how @John-Folan made profit and I didn’t.. obviously liability v stake makes a massive difference.. and I’m fine with that.

John Folan

@karl-pick said in The BTC Horse Racing Thread:

I think the point everyone is missing, its a Marathon not a sprint!!
Everyone gets different Odds as no one can press GO at the same time, hence the variance from one person to another, even if we are all trading the strategy!!
The other thing is if every bet WON we wouldn't be still be trading..... well maybe but in sunnier climates!

Put a lot quicker and more sensibly than me lol

? Offline

I think the point everyone is missing, its a Marathon not a sprint!!
Everyone gets different Odds as no one can press GO at the same time, hence the variance from one person to another, even if we are all trading the strategy!!
The other thing is if every bet WON we wouldn't be still be trading..... well maybe but in sunnier climates!

John Folan

Now the Software results
LTBF. One les selection hit and I did 0.2 of a point better than the software

SOL. I had two more selections as they were borderline so i did 0.7 worse than the software

Do I care? No. Because it all irons itself out in the end.

John Folan

These are taken from my bot results

Lay the Beaten Favourites to a fixed liability with my cash p and l deleted. Net profit and loss for each one

Short Odds Lays. To flat stakes

John Folan

No one is going to get the exact same results as odds move way too fast. Even if you are running the same bot. It will depend on machine speed, internet speed, how many markets you are monitoring at the same time.

John Folan

@john-folan said in The BTC Horse Racing Thread:

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

And that’s what the short odds says, so be interested to know how you made profit @John-Folan if you did them all LSO and LBF’s ? Because that almost replicates my day exactly!

As I’ve mentioned many times I’ve got my own variation of the ltbfs. I also lay to a fixed liability on the ltbf’s. The short odds lays and the ltbfs I shove in a bot and let it get on with it. On the short odds lays I had two losers and 3 winners. I haven’t even checked the results against the software because yet. I had a couple scrape in at the edges of the odds range on the short odds lays so will probably be different. On the ltbf’s I lay all odds from 1.01 upto and including 30.0. To a one point fixed liability. Not flat lays as that is suicide.

? Offline

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

@chris-osborne No its 3 to 15

Thought it was 3-11 but I may be confusing with another strategy.

You don’t have to take a trade if the odds too high for you

? Offline

@lee-colvin that’s what I’m doing you reduce your winnings but more importantly significantly reduce potential losses. I’d rather lose a max of £10 than £50

? Offline

@greg-mitchell Why not try and lay to a one point liability instead of one point stake Greg? There’s nothing on this earth that would make me lay a runner at 15 to a set stake, I couldn’t handle that kind of raw emotion

You might not win as much, but at the very least, you won’t need to stomach those huge losing days such as the one you posted above matey