The BTC Horse Racing Thread

John Folan

@Martin said in The BTC Horse Racing Thread:

Going to dive more into Automation over the coming weeks, anyone got any advice to help me?

Read the manual and watch the youtube videos. Are you going for BFBM? I think as you mostly trade football it's your best option.

Greg Mitchell

@Martin Test, Test, Test..

Greg Mitchell

@Adam - what time (roughly) does the software get updated with the "Morning Price" please?

Martin

Going to dive more into Automation over the coming weeks, anyone got any advice to help me?

Adam

@Jonathan-Jones said in The BTC Horse Racing Thread:

@Adam
Do we have missing data?

My version of Lay beaten Favourite (v1 on my strats bunker) recorded only one race for yesterday and only 2 bets taken all day. In reality i have dozens over several races. Its not just that strategy thats different though, absolutely nothing matches up yesterday. Some are close but this one is mental (and its not one i have had issues with before). This is what it actually took...

The following courses are excluded in your strategy:

Newmarket
Downpatrick
Leopardstown
Newbury

That basically just leaves Carlisle. I checked the first 3 Carlisle bets on the sheet (Kehlani, Iolani, Whatacracker) and none of them were favourites last time out so wouldn't have been qualifiers in the software.

Something's not right at the BFBM end I think if those bets were all made on the lay beaten fave strategy.

Martin

@Karl-Pick see if he will do a video for you, not sure if he would but worth a try

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@Martin said in The BTC Horse Racing Thread:

@Karl-Pick did you speak to the guy who runs it? he's really helpful!

No I will message him, never thought just binned it, as it just annoyed me so much!
Thank you.

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@Adam
Do we have missing data?

My version of Lay beaten Favourite (v1 on my strats bunker) recorded only one race for yesterday and only 2 bets taken all day. In reality i have dozens over several races. Its not just that strategy thats different though, absolutely nothing matches up yesterday. Some are close but this one is mental (and its not one i have had issues with before). This is what it actually took:

This is a recent change to BFBM so entirely possible something is screwed up but i havent seen anything like this since i started on live stakes and the odds look in the range.

Martin

@Karl-Pick did you speak to the guy who runs it? he's really helpful!

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@Martin said in The BTC Horse Racing Thread:

@Karl-Pick interesting what was it in particular you struggled with?

the whole thing it transferred the data and had the headings on the initial page of each strategy, first day placed 1 bet, should have been 8, then placed no bets again! Gave up after 3 weeks of loading reloading, following everyones instruction and advise. It still placed Zero further bets!

Martin

@Jonathan-Jones guess it's min stakes live testing with that bot then!

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@Martin

The only bad thing i have found about BFBM is its sim mode. If i run the strategies in Fairbot in sim mode its pretty much a perfect match (some days it is perfect, others might be a few ticks out on a few trades) to what the backtest says. In BFBM its a total fiction. Sim mode in BFBM is only useful to see if a strategy executes rules, its useless to see if a strategy might be any good. Several hundred % out across all strategies between sim and live. Today for example i ran both (testing a new strategy). Excluding the new one sim mode says £6.58 profit (at 29p per point), in live its actually a 48p loss.

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@Adam

Thanks,

Didnt know that.

Martin

@Tony-Hastie as long as it's working for you that's great BA will get automated too by sounds of it!

Martin

@Jonathan-Jones that's amazing! Think BFBM will be my first port of call then @David-Milligan

Martin

@Karl-Pick interesting what was it in particular you struggled with?

Adam

@Jonathan-Jones said in The BTC Horse Racing Thread:

Does anyone use stop losses in live trading? Some of my big lay strategies perform a fair bit better using a stop loss according to the backtest. Not unrealisticly tight ones, talking about stuff around 60 ticks. Wondering if anyone uses them and what they think about it in terms of execution, matching, max stakes etc.

I do for pre-race trading. Can be a bit of a pain in the arse in-play as the prices jump around.

The MAE figure in the software is helpful for planning stop-losses as it shows you how far against you (on average) your trades went before turning around and becoming profitable. So you can hopefully avoid cutting winning trades short wherever possible.

Adam

@Tony-Hastie said in The BTC Horse Racing Thread:

The only solution I see is to integrate BA with BTC and hold the vote again in 6 months

This is definitely on the cards now that BetAngel have launched an API

Tony Hastie

@Martin I would argue that BFBM is the most popular because of the integration with BTC. Its a very weak argument though as I tend not to try and argue online, Ive never tried BFBM and Ive only been with Bet Angel for a few months!

The only solution I see is to integrate BA with BTC and hold the vote again in 6 months

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Question.

Does anyone use stop losses in live trading? Some of my big lay strategies perform a fair bit better using a stop loss according to the backtest. Not unrealisticly tight ones, talking about stuff around 60 ticks. Wondering if anyone uses them and what they think about it in terms of execution, matching, max stakes etc.