Want to make more profit without even changing the rules of your strategy?

Adam

Sorry for clickbaity title, it's accurate though!

I know a lot of people have their strategies set up in the software to bet within the last 10 minutes before the race. Are you aware of just how much the prices move around during that time? Especially these days with Betfair liquidity massively down on what it was even 5 years ago.

What I find now is that even on a solid handicap race, the prices will range much more, somewhere around 2 or 3 ticks either side of the average traded price. So you could do 6 ticks better on the same selection simply by better timing your entry bet! What difference would that make to your results?

I'm planning on introducing some "value maximisation" settings into the Betting Rules in the software. Ideas so far:

Entering a trade at the top or bottom of the selection's recent traded range
Predicting the stopping or reversal of a trend (kind of the same as 1 tbh, probably based on MACD or price envelopes)
Restricting bets based on the back/lay ratio (gap between the top back and lay prices)
"Big bet" detection (Outsized bets coming into the market cause big moves)
Betting based on proximity to natural or dynamic support and resistance points (natural resistance points basically being the tick crossover points on the ladder, e.g. 3.0, where the increment changes from 0.02 to 0.05)
Liquidity related measures like fill rate, amount of money available at a price
Backtesting profit figures with thresholds built in, for example telling you what your profit would have been if you'd taken 1 tick better or worse prices

Some of these are going to be quite intensive to calculate on the fly so this probably isn't a quick thing, and I have no idea if you could replicate them in BFBM (I think BetAngel's automations could handle them), but I'll leave that to them!

Those of you who do manual trading and think about this stuff, and also use the software, do you have any other suggestions or requests?