Aug 2024 £3000 - ? Bank Challenge
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@richard-latimer exactly im not saying this wont come good but nits not making you any profit long term yet. In the last 3 monthsd you have tried 2 different strats both of which are complex and both of which aren't making profit. In that time you could have compounded your bank with the others strats mentioned and be making bank. In the background continue with this until you have the leagues setup. Otherwise you are just throwing money into the unknown. Anyway im never gonna change your mind and youll be defensive but years after year your defensive, might be time to take a look and see how to tweak for the short term. This strategy can keep[ going in background and just make bank with the good strats. Its common sense mate, especially with you setting a next easter deadline for this to work. Im gonna stop now cause if you cant see it right now then you never will so i dont want to come across as slagging etc, im here trying to help shine light. Your deposits are growing the bank but they arent growing the profit they are growing the losses. This isnt the time to be stubborn. Just make bank and test this in background till next easter and youll know what leagues and odds to use.
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Now I'm going quiet again haha!
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@Darri I feel I should just add that after checking my phone which goes back 3 months it is actually only -£7.01 since 24 June. While not great, before yesterday it was obviously up for quite a bit for that period of tiime.
I am most definitely not looking at ver greater losses right now. I'm just experiencing a setback and making necessary amendments re leagues to get me over the bumps.
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Going to stay quiet today and just get on with my trades. It's all up though and has been since last night.
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@darri said in The £59.91 - Betfair Premium Charge Challenge:
@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:
Bank at £123.66
Weekly investment going in as a buffer more than anything. £10.00 instead of £5.00.Bank £133.66
See what Sunday brings.....
We spoke in June and you said to many people if i cant find a way to be profitable by july ill look at other trades. I suggested you look at the btc strategies already on here. Its now september. You have said a few times now your desperate to make as much money and fast as possible to help your family situation. Based on this bank and based on your deposits the loss is now quite significant and your compounding in the wrong direction. I totally understand this might be a sour post after a losing day but how else are we gonna learn? If it was a good day youd not listen.
Have you not thought about doing Ryans 1.5, my LTD or the btc daily selections? Then in the background you can paper trade your strategies until you have the right leagues. If you had been doing mine and ryans for example youd had been in a healthy position. Youd have avoided these losses to bank and grown data on them. You could then perhaps look into starting this up again once you have say 50 games worth of data for each league. Your strategy is very complex in comparison to almost every single good traders strategy on here. Look how simple everyone else is keeping it. If there was ever a time to stop throwing money at something not finished and get making money its now before the main leagues hit filters. Just a suggestion as this is now 3 months since we first suggested it and your losses are increasing, its common sense now. I mean how on earth have you managed to go on such a good run 30 odd game runs and still be making a loss. Your strategy is not ready to be traded and there are ready strategies that are doing better right now. They are also miles easier to manage.
Thanks Darri. Recently so much of what you've said has made a difference. I did change though. This is the change. I simply changed early.
Now I need to see this through. Last month was a very healthy profit.
This month was going in the right direction until yesterday. I know you always mean well but now I simply need to do what's necessary to make it work and see it through.
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@richard-latimer said in The £59.91 - Betfair Premium Charge Challenge:
Bank at £123.66
Weekly investment going in as a buffer more than anything. £10.00 instead of £5.00.Bank £133.66
See what Sunday brings.....
We spoke in June and you said to many people if i cant find a way to be profitable by july ill look at other trades. I suggested you look at the btc strategies already on here. Its now september. You have said a few times now your desperate to make as much money and fast as possible to help your family situation. Based on this bank and based on your deposits the loss is now quite significant and your compounding in the wrong direction. I totally understand this might be a sour post after a losing day but how else are we gonna learn? If it was a good day youd not listen.
Have you not thought about doing Ryans 1.5, my LTD or the btc daily selections? Then in the background you can paper trade your strategies until you have the right leagues. If you had been doing mine and ryans for example youd had been in a healthy position. Youd have avoided these losses to bank and grown data on them. You could then perhaps look into starting this up again once you have say 50 games worth of data for each league. Your strategy is very complex in comparison to almost every single good traders strategy on here. Look how simple everyone else is keeping it. If there was ever a time to stop throwing money at something not finished and get making money its now before the main leagues hit filters. Just a suggestion as this is now 3 months since we first suggested it and your losses are increasing, its common sense now. I mean how on earth have you managed to go on such a good run 30 odd game runs and still be making a loss. Your strategy is not ready to be traded and there are ready strategies that are doing better right now. They are also miles easier to manage.
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Have removed a few leagues while continuing to track. France I'll decide at the time depending onn how the the day is going. It's one of the big leagues but has been poor. PSG v Lyon so who knows.
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Bank at £123.66
Weekly investment going in as a buffer more than anything. £10.00 instead of £5.00.Bank £133.66
See what Sunday brings.....
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Here are the results then:
On removing Slovakia and Kazak this is how it would have looked. Both leagues are now in the red.
6/9 and more than likely around a 12pt loss.
In reality it was 6/11. A truly shocking day and the worst since I started tracking these last Dec.
There was also thankfully a FHG in Kazak. The leagues I am removing for SHG are not being removed for FHG at present as there aren't many of these anyway and they are ticking along nicely.
ACTUAL LOSS - £32.45
This month is now in the hole for about £40.00. I'm not going to check exacts at the moment but I can't believe another day like that will be along for a while. If it does then I'll have to take it on the chin, adjust stake and go again.
The data remains consistent and there's almost 1000 qualifiers from 2000 raw pieces of data.
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I will say one thing. As I start to update the days results it seems from the tweaks I'd already made that I missed a few more stinkers. Could have been MUCH worse!!!
It's very telling just how bad the raw data has been today as well. It runs along at 84% but today I've just recorded my 6th blank in row! Totally new scenario in 2K worth of matches now.
There's Aurora anyway 2-0 so not completely broken haha!
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@darri said in The £59.91 - Betfair Premium Charge Challenge:
Whats the bank after today?
Don't mate. Not a good day haha! I'll bounce back. Some leagues are being removed. Need to stay consistent.
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Whats the bank after today?
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I thought that was it, however Betfair now have a market for Aurora in Bolivia. It was always one of the potentials. Loads of data on Bolivia. No reason to leave it on the table.
Lay under 1.5 @ 6.0
Currently 1-0 HT
Stake £1.97This loses and the stake is re-evaluated for tomorrow.
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I am however completely stopping tracking the other multi angle project for now. People were right. It's too much work and too complicated, especially when I'm tracking all the other stuff now.
If I want to explore this or similar again I simply need to look at the data.
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I was waiting on Utrecht as a potential but at 1-2 that's gone now. So the day is finished. It would always have been a bad day but I'm not sure it needed to be this bad.
The plan was always another £5 donation to the bank this week but after today I'm putting in £10 as a one off. No way my 900+ selections are crap.
Just teething probs that I need to resolve.
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@dan-mackinnon said in The £59.91 - Betfair Premium Charge Challenge:
@richard-latimer you’ve done a lot of trades so your SR must be pretty accurate. You could look on today as getting your losses out the way and you’ll get on a winning streak next week. If it’s below the average now, and there’s no notable changes then it’s safe to assume the variance will go the other way and you’ll win more than expected.
Without doubt but there are some leagues with either not enough data or potentially dodgy. Slovakia and Kazaks conform to this.
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@richard-latimer you’ve done a lot of trades so your SR must be pretty accurate. You could look on today as getting your losses out the way and you’ll get on a winning streak next week. If it’s below the average now, and there’s no notable changes then it’s safe to assume the variance will go the other way and you’ll win more than expected.
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I'm one loss away from re-valculating stake downwards. Did not see this coming.
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There it is. Another blank in Mechelen. Think fans being in the stadiums is working the opposite for me haha! What a day!
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@dan-mackinnon said in The £59.91 - Betfair Premium Charge Challenge:
@richard-latimer When you look at today/ the week do the results sit in line with your SR? When you hitting winning runs it’s easy to forget about the inevitable losses. We all know they have to come at some point, was it a poor day or just variance kicking in?
Not really. Worst day was 4 losses. Happened once since Dec. Going to be 5 here.
