Aug 2024 £3000 - ? Bank Challenge

Richard Latimer

Been tidying up my sheet a little this morning and I've archived the SHG stuff. If anyone would like to look at this still give me a shout!

Richard Latimer

Hoping for an easier day today!

Lay under 1.5:

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Richard Latimer

@martin said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@connor-garland I'll tell you one advantage it's much easier to record the results as you know its the same amount per win and then it's easy to work out the loss if you are using say £10 testing

That's a good point!

Martin

@connor-garland I'll tell you one advantage it's much easier to record the results as you know its the same amount per win and then it's easy to work out the loss if you are using say £10 testing

Richard Latimer

3/5 today and a big loss. Poor decision to go with the playoff game and got burned. Luckily Palmeiras got a late penalty or I was looking at a right stinker!!

Connor Garland

@john-folan said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@richard-latimer said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@connor-garland said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@richard-latimer I'm new to the forum and trading in general and currently working on an over 1.5 strategy.
Just wondering the reasoning behind laying under 1.5 rather than backing over 1.5? Is there more value?

None. I just prefer to have set stake rather than set liability as it were. To back like that would mean constantly changing staked amounts to hit the same return on each win.

But you can manage your liability easier. Might be better for some newer traders wanting to protect their bank a bit maybe?

That makes sense. Only collecting the data at the moment but I think it may be worth heading down that route when I finish testing.

Connor Garland

@richard-latimer I see. So would you set that at a certain value over the strike rate?

John Folan

@richard-latimer said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@connor-garland said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@richard-latimer I'm new to the forum and trading in general and currently working on an over 1.5 strategy.
Just wondering the reasoning behind laying under 1.5 rather than backing over 1.5? Is there more value?

None. I just prefer to have set stake rather than set liability as it were. To back like that would mean constantly changing staked amounts to hit the same return on each win.

But you can manage your liability easier. Might be better for some newer traders wanting to protect their bank a bit maybe?

Richard Latimer

@connor-garland said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

@richard-latimer I'm new to the forum and trading in general and currently working on an over 1.5 strategy.
Just wondering the reasoning behind laying under 1.5 rather than backing over 1.5? Is there more value?

None. I just prefer to have set stake rather than set liability as it were. To back like that would mean constantly changing staked amounts to hit the same return on each win.

Connor Garland

@richard-latimer I'm new to the forum and trading in general and currently working on an over 1.5 strategy.
Just wondering the reasoning behind laying under 1.5 rather than backing over 1.5? Is there more value?

Richard Latimer

@richard-latimer said in Betfair Premium Charge Challenge Commenced 01/08 - Total Investment Since, £200.00 - Current Bank £262.45 (-£64.26 for Apr):

I won't clog up the football thread with my explanations anymore but one thing I have noticed that I'm looking into is while the H2H for Umraniyespor was 80% the last was in fact 2018. Looking back through data already collected for this to see if it's something easily excluded going forward.

Much as I hate missing a trick, it's better to find out early and have a reason for a poor patch.

This isn't the solution. There has been quite a few already where H2H doesn't start the last year. Just a bad day made worse by my playoff gamble! It has to go down as a gamble and a mistake!

Richard Latimer

I won't clog up the football thread with my explanations anymore but one thing I have noticed that I'm looking into is while the H2H for Umraniyespor was 80% the last was in fact 2018. Looking back through data already collected for this to see if it's something easily excluded going forward.

Much as I hate missing a trick, it's better to find out early and have a reason for a poor patch.