The BTC Horse Racing Thread

[Rick Watson]

@john-folan frustrating betangel down as a result too

[John Folan]

Betfairs fucked. All bots turned off. F*****g morons

[A Former User]

@martin Excellent video, first chance I've had to get into the software - going to have fun messing around with this and excel - yes I need to get out more

[John Folan]

Nothing from me today. There are some Slow Horses selections showing up tomorrow though :). At last

[Martin]

[John Folan]

@martin said in The BTC Horse Racing Thread:

@dan-mackinnon said in The BTC Horse Racing Thread:

@john-folan do you have that set on your software? I know the horse racing software shows it on the back testing and the results can be pretty remarkable.

I remember a discussion on here a while back about the regularity of adjusting staking size. There didn’t seem to be a definite answer so always interested to hear how others do it

6 years old but just as relevant today as ever: https://betfairtradingcommunity.com/en/blog/road-trading-riches-compound-interest

See. I do listen to people. . Read this it will change your trading

[Dan MacKinnon]

@martin said in The BTC Horse Racing Thread:

@dan-mackinnon said in The BTC Horse Racing Thread:

@john-folan do you have that set on your software? I know the horse racing software shows it on the back testing and the results can be pretty remarkable.

I remember a discussion on here a while back about the regularity of adjusting staking size. There didn’t seem to be a definite answer so always interested to hear how others do it

6 years old but just as relevant today as ever: https://betfairtradingcommunity.com/en/blog/road-trading-riches-compound-interest

Thanks Martin. I’ve been trying to do that with my blog which is why the “belts” are at 50% increases. But I know fairbot let’s you stake as a % of bank roll and assume other software does the same.

I looked at one horse racing strategy which I compounded and it went from £1k up to £8k and finished at £5k. Fair enough if some software can do that for you, but that’s quite a bumpy ride for human to be putting on!

[Martin]

@dan-mackinnon said in The BTC Horse Racing Thread:

@john-folan do you have that set on your software? I know the horse racing software shows it on the back testing and the results can be pretty remarkable.

I remember a discussion on here a while back about the regularity of adjusting staking size. There didn’t seem to be a definite answer so always interested to hear how others do it

6 years old but just as relevant today as ever: https://betfairtradingcommunity.com/en/blog/road-trading-riches-compound-interest

[John Folan]

@dan-mackinnon said in The BTC Horse Racing Thread:

@john-folan do you have that set on your software? I know the horse racing software shows it on the back testing and the results can be pretty remarkable.

I remember a discussion on here a while back about the regularity of adjusting staking size. There didn’t seem to be a definite answer so always interested to hear how others do it

I check it to £1 level stakes(1 point). If that’s profitable I check it to compounding. Either at 2% or 1% of bank.

There’s been loads of arguments. But I find this works best for me.

[Dan MacKinnon]

@john-folan do you have that set on your software? I know the horse racing software shows it on the back testing and the results can be pretty remarkable.

I remember a discussion on here a while back about the regularity of adjusting staking size. There didn’t seem to be a definite answer so always interested to hear how others do it

[John Folan]

@dan-mackinnon said in The BTC Horse Racing Thread:

@john-folan how often are you compounding?

As it goes along mate. Always have done. Less big hits that way. If a strategy is any good it will soon grow. Try using the percentage of bank in the staking section and you will see what I mean.

[Dan MacKinnon]

@john-folan how often are you compounding?

[John Folan]

@keith said in The BTC Horse Racing Thread:

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

Oh come on. You know it’s true. I know why it happens as well.

99/100 you put money on after a half decent winning run so you get caught by the reversion to the mean. Same with stake increases. This is why I compound as I go along. Don’t get caught out. The best thing I have ever learnt trading wise.

I'm laughing because I have seen it so many times but never seen it described so accurately
Yes compounding is amazing

So true though isn’t it

[A Former User]

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

Oh come on. You know it’s true. I know why it happens as well.

99/100 you put money on after a half decent winning run so you get caught by the reversion to the mean. Same with stake increases. This is why I compound as I go along. Don’t get caught out. The best thing I have ever learnt trading wise.

I'm laughing because I have seen it so many times but never seen it described so accurately
Yes compounding is amazing

[John Folan]

@keith said in The BTC Horse Racing Thread:

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

“I’ve put money on it so here is the initial losing run to make you s**t your pants and bottle out of it moment”.

Oh come on. You know it’s true. I know why it happens as well.

99/100 you put money on after a half decent winning run so you get caught by the reversion to the mean. Same with stake increases. This is why I compound as I go along. Don’t get caught out. The best thing I have ever learnt trading wise.

[A Former User]

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

“I’ve put money on it so here is the initial losing run to make you s**t your pants and bottle out of it moment”.

[John Folan]

Blimey. Storming day on the short odds lay bot. Made back over half of the “I’ve put money on it so here is the initial losing run to make you s**t your pants and bottle out of it moment”.

Hopefully will be some dob/trob selections tomorrow for you all. Got a couple now showing around 60 points a year profit as well as Slow Horses and the DR Trobs. Will post them as they qualify.

[John Folan]

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

The flat season is upon us :). Today's trobs

Scratch. Annoying but that’s trading.

[John Folan]

Seeing a lot of confusion in various places over the horse racing software. I’ve traded horses for over six years and I’m still learning. This terminology guide isn’t a bad place to start and might give you some ideas for filters etc. The software is a steep learning curve, especially the strategy builder. Also maybe take a look at the race cards, there is some good information on there that might point you in the right direction.

https://www.greatbritishracing.com/guide-to-racing/jargon-buster/

[John Folan]

The flat season is upon us :). Today's trobs