The BTC Horse Racing Thread

[John Folan]

@angus-macleod said in The BTC Horse Racing Thread:

Will bear that in mind thanks I've not really traded evenings or weekends, mainly just been afternoon racing as its predominantly scalping I do as I try to target higher quality races for late steamers.

Have you tried the scalp short odd favourite method? I've mentioned it before and I know a few have tried it to good success. I use it a lot as it's an easy scalp.

1. Favourite must be odds on.
2. Watch 2nd 3rd and 4th favourite.
3. When money comes in for them and they start moving in lay the favourite for between 5-10 ticks profit.

Works a treat. When I cannot be bothered to scalp all afternoon I use this to make a bit of easy cash.

[Angus Macleod]

Will bear that in mind thanks I've not really traded evenings or weekends, mainly just been afternoon racing as its predominantly scalping I do as I try to target higher quality races for late steamers.

[John Folan]

Keith Anderson has me more and more convinced that odds based trends is the way to go. It works with his football stuff and 3.5-9 is the sweet spot for backing while 2-4 seems to be where you want to be for laying. There will probably be slight variations for each race discipline, handicaps or not, race types but it definitely needs digging into. Example in my next post

[John Folan]

Yes is the simple answer. Saturdays and Sundays trade completely different for example. In fact I know a couple of traders who don’t go near them and just back favourites on those days.

I find Mondays and Tuesdays to be particularly poor racing. Good for scalping but not much else.

[Angus Macleod]

@John-Folan Might sound like a daft question but are there any particular days of the week that seem to be better than others with regards to trading? I'm sure I read somewhere that Mondays were usually quite crap and that the middle to end of the week seems to be better?

I know Peter Webb talks about there being "a market for every strategy and a strategy for every market" and I believe that to be true, I guess what I'm wondering is if there are days with lower quality races which should be avoided...or traded differently to my current B2L pre race set up?

[John Folan]

Last June actually only made two points. Seems to be July August where all the flat money is. Currently we are two points up for the month. Just feels like hard work I guess.

Only the one today. 3.5-9 as usual

[John Folan]

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

Ok today's trob list. 3.5-9. One from each discipline. All currently in range too for a change.

I will be doing LTB's later. Once I have these nailed and I'm set up properly. I will record a trade or two and provide a full explanation of different scenarios. Such a shame these cannot be automated. But there you go.

Two points down on trobs so far with one to go. These haven’t been quite right since last September. Very static. Not sure why. Will do some digging. Not losing any money just not making much.

[John Folan]

Ok today's trob list. 3.5-9. One from each discipline. All currently in range too for a change.

I will be doing LTB's later. Once I have these nailed and I'm set up properly. I will record a trade or two and provide a full explanation of different scenarios. Such a shame these cannot be automated. But there you go.

[John Folan]

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

@john-folan What software do you use?

Bfbotmanager for anything automated and Geeks Toy for live trading.

[A Former User]

@john-folan What software do you use?

[John Folan]

I think I’ve got these nailed now. The trick is to get out if your horse looks like it’s doing well.

I had Ugho Gregory in a race that it actually won earlier. However when it was in the early part of the race it was running in about 4th then started to push to third. I bailed at this point for a £3.80 loss. Literally as soon as the commentary started to focus on the horse a bit more. I’m about £45 up across the day doing this. It’s seriously money for old rope if you have the time and patience. I’m probably going to pay for a faster feed at some point as well to give me more of an edge. Much more fun than scalping as well!

[John Folan]

Nothing today. Poor racing. Will just do some manual lay to backs and maybe a bit of scalping

[John Folan]

Any news on the Beta?

[John Folan]

Today's. 3.5-9 odds range as usual

[John Folan]

Wasn’t to be today. Point lost.

[John Folan]

Only the one today. 3.5-9 as usual and abandon if the ground goes heavy.

[John Folan]

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

A few to go at today. 3.5-9 as usual and no heavy ground. I'll look at some odds ons to lay later

One hit and converted for two points profit. Satisfying.

[John Folan]

A few to go at today. 3.5-9 as usual and no heavy ground. I'll look at some odds ons to lay later

[John Folan]

Bit of a damp squib today. Not too much lost tho. A little over a point profit f I don’t take into account the first trade that drifted. Goodwood abandoned. One race left.

[John Folan]

Black star Rocco. Laid at 2.22 in the 14:55. Look at its record.

May win but does not warrant that price. Ridiculous