Tuesday, 8 October 2013

Bombs Away!



08/10

+£69.37. So the 'Bomber' has returned eh? The last few days have seem him wreak havoc in the markets as he drops his wads of cash in and just keeps moving it down until it's matched.


The 'Bomber' after the last race at Wolves this evening!



It can be a pain in the ass, as if you are trading 'normally' and he comes along then all of a sudden you could find yourself in deep shite as everyone scrambles to jump in front of his £20k back on the favourite. However, if you spot him early on in the day and expect him to stay around then by changing your game you should be able to catch some easy cash.






09/10

+£69.73. A pretty uneventful day and still couldn't get get to grips with the evening racing at Kempton, which back in the day was in fact one of my favourite tracks to play in-running but nowadays it's fucking useless!




10/10

+£46.32. Pretty hopeless today!. My pre-race trading was a bag of shite and the annoying thing is that I haven't a clue what went wrong! Only managed to salvage something from the day late on at Kempton ... must try harder!






11/10

-£125.10. I haven't done a video for a while so thought I'd do a quick one on the first four races today with the main emphasis on trying not to make a balls-up and win a few pennies as my last couple of days have been somewhat hit and miss. It's probably a bit boring and there were one or two chances that I missed but it kind of served a purpose.


Four races in a row ... four small wins



Oh dear! So after doing the video above I stumbled into a mini-meltdown and had a run of races where I was nothing less than fucking hopeless! Everything I touched turned to shit and before I knew it I was over £150 down and not very happy.





My in-running was just unfortunate (laying something right out the back in a 7F race only to see it sprout wings in the final furlong) but my pre-race was embarassingly bad. I kept getting lured into the market way too early and my biggest pre-race loss came when I was in for practically all of my bank ..... fuck me I only usually play £66 a click so I got a bit trigger happy on that one! Once I had settled down I steadied the ship and managed not to throw any more cash down the drain.




So an annoying day but another lesson learnt ... don't trade like a prick.

Saturday here we come!!



12/10

+£124.07. Well nearly got it all back! Managed to avoid any silly bets and played the pre-race very cautiously so felt a lot better at the end of the day, in stark contrast to how I felt at around 18:00 yesterday. The dog trading is picking-up ever so slowly and I just need to push the stakes a bit higher, although as mentioned previously the liquidity in some of the non-televised races is at an all time low, so low in fact that I don't know why Betfair even bother as they must be making pennies.






13/10

+£65.11. Yet another typical Sunday where you take what you can get!






14/10

+£54.66. Not much to say about today. Just another average Monday for this time of the year.




I've been really strict with my diet over the last few days and I'm fucking starving! It doesn't help that every other program on the TV has something to do with food and I have to sit here and watch the rest of my family tuck into loads of tasty grub! If you look at my body transfmation blog though my aim is to hit 80kg by mid January so I'm gong to have to be super strict between now and then if I'm to stand any chance of getting lean and mean.




My pre-race trading has been a bit hit and miss over the last few days and during a quiet moment today (I don't get many of those in my house) I realised that I possibly need to be more selective on when I trade, and when I do trade I need to be somewhat more aggressive in terms of staking. Sometimes the market feels right for a nice swing and when the signs are strong I need to get stuck-in ... so watch this space and I'll attempt to get a few more trading vids up of me making a bit more cash.



15/10

+£318.83. Blimey just like the old days!





Breaking Through a Strong Resistance Point






16/10

+£249.61. Just like the old days ... again!





Carling outside 'The Village' (now closed) @ Plaistow



Call me sad but I do switch over to RPGTV on channel 212 in the evening and trade the dogs, albeit for very small profits. The liquidity isn't too bad and I think it's possible to nick a few quid but it can be annoying whe my daughter changes the channel to watch Gogglebox. Have you seen the absolute shite that they put on the TV these days? It's no wonder that we're a nation of retarded lazy fuckwits.




17/10

+£61.65. Had a mediocre day today and struggled again with Kempton until I spotted a move and made a decisive trade (see below). I purposely keep my bank to less than £1k but this sometimes has me unable to enter a trade quickly, especially if it's a lay, as I sometimes have lays already in the queue at lower prices and that causes that fucking annoying box to pop-up (that box that informs you that you don't have enough funds) and by the time I get rid of that and cancel my other lays the price has already shifted 2 or 3 ticks!

How to Win £17.70



I need to invest in a new mic as the one that I use is a piece of shit and makes me sound like I'm talking with a whistle in my gob. eBay here I come ...


How to Win £3.30 on the Dogs







18/10

+£84.46. Played mostly in-running again today as the races were coming quite thick and fast. Did have a chance to dabble in the evening meetings at Wolves an Dundalk but fancied a beer and after a glass or 2 felt a bit merry so choked down to £5 a click so as not to do my bollox. Followed this with a crack on the dogs in an attempt to get the total over £100 but went a bit click happy in one race which failed abysmaly and halted the slow progress so had to settle for just under £100 for the day.





 Stella Artois in the beer garden of 'The Honeysuckle Inn' @ Ramsgate





19/10

-£98.73. Had a look at this mornings dog racing but the liquidity seemed painfully low so decided to give that venture a wide berth.

Recently I've been replying to a few posts issued by Dean over at 'Sports Trading ... A Journey of Discovery' and mentioned the fact that every now and then you're bound to make a 'user error' mistake, and hey presto the second race at Catterick and I lay the wrong horse in a 5 runner race and drop £180 in one go! What a fucking penis!

Stella Artois in the beer garden of 'The Deal Cutter' @ Ramsgate
 


So it was a case of not going mad and carrying on as normal. Slowly chipped away and as I got closer to taking the loss down to less than 3 figures I jumped into the late dog markets, accompanied by another Hoegaarden (yep the diet has taken a  bit of a knock over the last 2 days). Just squeezed under a loss of £100 so strangely felt quite satisfied as it was only the early balls-up that saw me losing £100 instead of winning £80.



20/10

+£1244.61. If my name was Peter and I was from Paris then I could have won even more!




Started the day in a really bad mood as my wife had given me the raving arsehole! Dumped over £50 almost immediately and then had to try really hard to avoid having a meltdown as I felt so pisssed-off. Then along came 'Peter From Paris' and all of a sudden the world seemed a rosier place!

It's funny that after the intial elation and checking my trades I kind of felt a big aggrieved as I'd actually backed it initially to win over £4k! However at that point in time I was only looking to nick a few quid out of the trade and I was actually lucky as I'd entered a lay to green-up for £50 odd quid and at some point I cancelled this as I though he was still going OK.





Simon asked if I could give a quick overview of how I use Gruss for my in-running in the place market. Well here it is ....





If I get the chance I will try and record 1 or 2 of my in-running races but to be honest you'll probably just see me click once and end up with a red or a green! I did record a few races at Cheltenham this year for Jack over at TFF and here is one I prepared earlier, as they say .....





Once again nothing mind-blowing but hopefully gives you the idea of how Gruss is generally used by in-running players. Note that I wan't using 'override odds' and I was using the right click option to place bets in the queue as opposed to actually taking prices.



21/10


-£21.58. I stayed up late last night to watch a few trading videos on YouTube and was gagging to get going today. However, this afternoon I was totally fucking useless! Actually I traded like a complete fuckwit and just couldn't get to grips with any of the markets. It felt like everytime I entered the market it immediately went against me, or moved in my direction for a few ticks and then reversed at the speed of light. So I was either seeing immediate reds or greens turning into reds in a split second. I then jumped into the dog markets and knocked out £10 in the first race - a world fucking record for me on the dogs!





So I traded the dogs but after a while got bored and reckless and was just putting in bets without really concentrating .... not very professional eh? I soon realised that I was being a tosser so I re-focussed and knuckled down to trying to suss out how the markets move in the fairly low liquid evening races and therefore find some sort of strategy on how to make a profit. I ended up recording two 15 minutes trading sessions and as I sit here now with a Hoegaaarden and feeeling knackered I'm about to watch them through and see if I can spot anything interesting. I have already spotted a certain market condition that helped me win the £10+ quid in one of the later races (and could have been a lot more) but if I divulged that info here that would be spilling the beans!


Carling in the beer garden of 'The Elephant & Castle' @ Ramsgate




So I need to start recording some of this shit again as it's only if you watch the same market again and again that you can determine how the market is moving and exactly why and where you (in this case ME) fucked it up! In fact I might just trade for £5 a click every race tomorrow and see how I perform. 

22:28 I've just sat through my earlier recordings and fuck knows what I was pressing but for some reason the fucking video keeps zooming-in on certain parts of the ladder, and usually just as I'm saying 'ooh look at that, that's very interesting' and I can't see fuck all as the poxxy software (Camtasia) has zoomed-in on some irrelevant part of the ladder! So fuck knows what I was presssing as I was recording (answers on a postcard please!).

PS I just had to Google 'camtasia zoom' and watched a YoutTube video explaining how it works. Now I was an MCSE (Microsoft Certified System Engineer) back in the day but fuck me this would have Steven Hawkins scratching his crust! I must be getting old .....
 

22/10

+£64.53. So following yesterdays dire performance I choked down to £5 a click and traded/recorded as many races as possible today. The only problem that I experienced was that Camtasia was taking ages to render my 15 minute videos so I only manged to get about 45-60 minutes of recording, but it should help. I do recall having one really wanky race but I think I had it recorded so that should be a good exercise.




 
It's definitely the case that in certain scenarios you will feel extra confident about price moves and they are they races when you should really push and get that mouse finger clicking. It's also the same for those races were you sit and think 'I'm really not too sure what is going on here' and therefore ease up a bit on the clicking finger .... or even sit out the race and just take a watching brief.


 
23/10









61 comments:

  1. Hi Dave is the racing uk the best channel for the IR market?

    Cheers

    Steven

    ReplyDelete
  2. Hi Steven.

    I use RUK for the races that they cover and BF Live for the ATR tracks.

    Cheers - Dave.

    ReplyDelete
  3. Thanks very much Dave ...

    Steven

    ReplyDelete
  4. Hi Dave. Good post. As I am relatively new to this, first time that I have seen this happen. I never normally trade faves but was laying 3 of them on the trot and got smashed up. Thought it must return to the price so laid again and then another lump came in...got a bit messy, but all part of the learning experience. The thing with something like that, when do you know that he has finished and the price should naturally reverse ie lay lay lay?! Have a good day, Simon

    ReplyDelete
    Replies
    1. Hi Simon.

      When he pops-up he normally enters with a big stake and drags it down until it has all been matched. However, if people/bots jump in front of him then sometimes he will remove the bet and wait for a while before he plonks it in again. So try to keep an eye out for that. He'll also drop multiple bombs on some races, so just when you think he's out of ammo he'll open the bay doors and another fucker of a bomb will drop into the market!

      Hope this helps - Dave.

      Delete
  5. Hi Dave,

    Just out of interest, what is your usual strategy when a price moves heavily against you? I've found a pattern in my own trading of making a lot of small regular profits but then hit heavy by one or two heavy moves against my initial, and often a bigger loss. I reckon I may be playing those one's too badly though. It's easy to say take a loss quickly, but if I did that all the time I'd lose too many of the winning trades too. GL. Stu.

    ReplyDelete
    Replies
    1. Hi Stu.

      From my limited pre-race experience that's the number one problem that most people face when they are trying to learn how to trade these markets. Keep an eye on the markets where you get caught and see if there is any common factor that causes you to end up on the wrong side. If you can get a screen capture software such as Camtasia then record your trading as it's then a bit easier to see what you're doing well and where you are going wrong.

      Cheeers - Dave.

      Delete
  6. Yep, guess like most of this game it's down to experience, and there's no easy way out of problems. I will be looking back through my records for the bad ones. As you've mentioned in your own, I sometimes end up leaving these too late (close to the off). Maybe that's what I should be looking at to avoid most.

    ReplyDelete
    Replies
    1. Hi Stu.

      If you get caught by a move then take a look at your graph (I have mine set to 240 seconds) and also the BF graph and see if there is a particular kind of move that always catches you out.

      Cheers - Dave.

      Delete
  7. Morning Dave,

    Mate, looking at your P and L, do you mind me asking what sort of stake returns you a £35 profit on the to be placed market? Is that just a single back bet and what would you say are your average back odds in that to be placed market? Reason I ask, is that I am trying to delay getting involved until the latter stages of a race and obviously then end up with bottom end prices and generally difficult to get fully matched even for say £50? I did try trading a place yesterday, ie backing a horse travelling well mid race to lay off near the end, but the lack of liquidity soon indicated to me that was a bad idea!!!!!! Appreciate your help as always. Thank you, Simon

    ReplyDelete
    Replies
    1. Hi Simon.

      I think that it's pretty much imposssible to trade in-running in the place market these days as the liquidity is shite (as you noticed) and your bet will only be taken when it's a loser!

      The £35 came from backing the horse at just over evens for £50 'ish and then laying some back almost immediately @ 1.5. In fact the lay was a bit silly as it was pretty much home and hosed but strange things do happen so I didn't mind giving away a few quid just in case.

      Hope this helps - Dave.

      Delete
  8. Hi Dave and Simon,
    I don't want to hi-jack Dave's thread, but I wanted to add something about in-running plays that I thought Dave could comment on with your post Simon.
    The thing I have found about backing and laying in running is to get in and out quickly. I used to trade in running like pre-race and wait for my trade to get matched for ages. Now I place an order, if I am not matched in a few seconds I exit and look to get back in again later, maybe even on a different horse.

    OK, I will lose out on getting my original order matched sometimes, but that is preferable to a price suddenly jumping 5-10 ticks against me.

    OK, Dave...over to you, buddy!

    ReplyDelete
    Replies
    1. Hi Dean and Simon.

      Yep I always use 'fill or kill' on my orders and never leave my trades,in a queue unless I have already backed something maybe and then want to green, in which case I'll leave a lay bet in the queue and cross my fingers!

      Cheers - Dave.

      Delete
  9. Hi Dean,

    Thanks for your post, always good to have a discussion and appreciate your advice. The in running "trading" aspect I do not find as hard in the win markets, as liquidity is so much higher. I was in a place market yesterday and entered too early, tried to get out but the order just sat there and is probably still there now!!!!!!!! I don't think you can trade the to be placed markets due to poor liquidity, but can certainly nick a few quid by backing or laying and leaving it as a bet not a trade.

    I think from a previous post that Dave made, he just backs a horse to place and I was curious what his average back odds are and for what stakes? Mine all seem to be sub 1.1 apart from when I take a chance and get in earlier, generally on NH racing which I seem to do much better on than the Flat.

    Have a good weekend guys. Cheers, Simon

    ReplyDelete
  10. Hi Simon.

    I'm usually a backer at anywhere between 3.0 and 1.01. I'll back for anywhere between £50 odd up to £500+ depending upon the price and stage of the race. This could be quite lucrative when there was more liquidity back in 2008-2010 but it's dropped significantly over the last couple of years.

    Cheers - Dave.

    ReplyDelete
  11. Hi Dave, thanks for your reply. If you are backing at such relatively high odds, I guess you are backing some either before the race starts or early on? What I generally do both in the win market and now in the place market, is just watch the action and then get involved late on when I see how the race develops. Hence I am generally in at bottom end prices. I know my horses in terms of form, but generally have an open approach to a race and how it develops. Be really interested to know how you approach your in running Dave as I am trying to do this full time and appreciate the words of wisdom of somebody who does it on a full time basis. Currently I have part time work and do the trading in the afternoons most days, but it is only for pennies. Pre-race, (apart from the Bomber!!) is not so bad after watching loads of webinars with Jack a few months ago, but trying to expand into the in running side as well. Must look at Gruss this week too, as see they do a 30 day trial. Have a good weekend Dave and thanks again for all your help to us apprentices!!!!!!! Cheers, Simon

    ReplyDelete
  12. Hi Simon.

    I'd say that I generally play in the last 3 furlongs of a flat race or the last 4 furlongs of a jump race, depending on what I see. One of my custom buttons is set to back at around evens and I find this pretty good for big sprint races where maybe you spot something going well or coming through late on from out of the pack. Failing this you can set custom buttons to 1.8, 1.4 etc for when you leave it a bit later in the race yet you don't mind taking shorter odds but you don't want to click and find yourself backing sub 1.1 etc.

    PS I'll also lay at around evens at the start of a sprint or in a jump race if any of the fancied horses miss the break, are behind and ridden (although it's easy to get fooled by something that is just outpaced early - see my post for yesterday!) or maybe jumping poorly.

    Hope this helps and have a good weekend - Dave.

    ReplyDelete
  13. Thanks Dave, going to devote next week to getting set up properly etc, have a look at Gruss and no doubt will have some more questions for you and some input of my own. You are very kind to offer your views mate, it is appreciated. Funnily enough the first two in running bets I had yesterday, laid a winner at 8-1 in the win market that came from another county (luckily managed to trade out most of it for a relatively small red as took on a large liability) and all day was spent chasing back the first two race losses on the to be placed market (one faller and one other that obviously was not fully wound up for his first run of the season). Such is life. There is always today.

    Dave, just watched your videos, how on earth do you trade with all that noise going on?!! lol That would drive me bananas as I struggle to concentrate as it is. Think you need a man cave mate, ie shed in back garden if you have a back garden?!!!

    ReplyDelete
  14. Hi Simon.

    Yep some days don't eactly go to plan but a very good judge back in the days of the exchange always said 'that's part of the occupation' whenever he dropped a few grand in a day! (bear in mind that usually he won a few grand a day). As long as I'm always learning and not doing my bollox then that's all that I can ask for really.

    I'm pretty immune to the noise and the coming and going in my house. If it gets too loud then I just scream for them all to 'shut the fuck up', although this doesn't always work with my 3 year old grandaughter who is living with us at the moment, along with 4 grown-up children, 2 other grandchildren, 2 snakes and 2 cats.

    Cheers - Dave.

    ReplyDelete
  15. Sounds like the Waltons Dave !!!!!

    http://tvtropes.org/pmwiki/pmwiki.php/Series/TheWaltons?from=Main.TheWaltons

    Had a last fence faller over a hurdle in Ireland today when nicely clear......one was not amused. Hope your day was good.

    Have a good week and catch you next week sometime.

    Cheers
    Simon

    ReplyDelete
  16. Hi Dave ... Congratulations on such a good winning day .. I noticed a big win of over £200 on the place market .. Can I ask what sort of stake .. Odds that was please ... If I could get to anywhere near your level it would be life changing for me ..
    Many thanks

    Steven

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    Replies
    1. Hi Steven.

      It was only my normal stake of £50 'ish. All I can say is always expect the unexpected, so in some races be ready to lay things that look home and hosed, or back things that look beat, especially over the jumps in heavy ground!

      Hope this helps - Dave.

      Delete
    2. Thanks dave.... It's great that I am making some progress ...thanks for you help and advice

      Steven

      Delete
    3. Hi Steven.

      Good to hear that you are progressing. Do you have a blog? I find it useful to do my one as it's like a diary and I like to read other blogs to see how other traders are progresssing.

      PS It also gives me an excuse to drink in as many pubs as possible so that I can keep posting pics of myself drinking lager in, or outside, as many pubs as possibe!


      Cheers - Dave.

      Delete
  17. Hi dave I don't have a blog at the minute but I like the idea of the pub photos :) just a quick question if you don't mind .. When you watch the races on betfair video do you always place a £5 bet to view it as it says that's the only way to watch it
    Cheers mate ..

    Steven

    ReplyDelete
    Replies
    1. Hi Steven.

      I'll pre-race trade every race for at least £5 and that currently meets the requirements to watch the feed.

      Cheers - Dave.

      Delete
  18. Thanks Dave ...that's good advice .. I will do that

    Steven

    ReplyDelete
  19. Morning Guys,

    Steven, you can also just back and lay at same price for a fiver (ie zero liability) to watch BF video. However, even for a one tick loss for five pounds pre-race, you will only be talking about pennies. Re that race, as Dave says expect the unexpected, as it was a race where 2 horses were miles clear (4 runner race so only 2 places) and the favourite fell 2 out, leaving a horse that had no chance of finishing second, clambering over the last fence to get a place! It is the swings and roundabouts of NH racing. Have a good day guys. Cheers, Simon

    ReplyDelete
  20. Thanks simon ...appreciated

    Dave do you back mostly in the place market ?.. I've found laying a bit tricky

    Steven

    ReplyDelete
  21. Hi dave as mentioned above I laid a couple oh horses today that were at the back of the field .. I used the place market .. The badtards grew wings .. Do you reckon backing is better than laying ?
    Regards

    Steven

    ReplyDelete
    Replies
    1. Hi Steven.

      These days I'm mostly a backer in the place market, although for my first few years on BF I was mostly a layer!

      Both strategies have their merits and drawbacks. As you mentioned it can be frustrating when you lay something that is out the back and being ridden, only to find that it's just outpaced and stays for days. I use some abbreviated horse notes on Gruss to help remind me of each horses general running style, although I must admit that I do need to spend the next few weeks gradually bringing these up to date.

      So I take it that you are using Gruss for in-running? If so then enable the horse notes and start making cryptic notes each time that you spot a horse of interest. For instance on my notes I use different letters that denote 'stays', 'finds nothing', 'jumps poorly', 'runs on', etc.

      Hope this makes sense and helps - Dave.

      Delete
  22. Thanks Dave that's really helpful .. I haven't got software yet as I've been away for a while .. I intend to get gruss software in the next couple of weeks and I'm sure that will help .. Once again thank you for your guidance ... Great advice re the horse notes too ..

    Cheers

    Steven

    ReplyDelete
  23. Morning Gents,

    Thanks for the heads up re Gruss Dave, I shall be signing up for the free trial this week myself. The Toy is fine for what I do in running but I am very interested in the horse notes and the custom set buttons that you mentioned previously.

    Steven, re in running, I too am 90% a layer in running but that is in the win market. So if you make a mistake and are quick enough, there is enough liquidity in the markets generally to red up for a small loss. The thing that I find in the place markets, it is very difficult to trade it, as the liquidity is poor and your order can sit there for infinitum, unless the outcome becomes very obvious. Dave is right for re making notes, it all helps to know a horse's running style (Racing Post has all form for previous runs free of charge). Certain horses are front runners, hold up horses, good travellers and one can take advantage of that accordingly. That being said, it is not an exact science and they are not machines, so it can never be taken for granted. There is definitely regular money to be made in the place market, I too would back rather than lay, depends what odds you are prepared to take of course and your strike rate needs to be correspondingly high if you are always backing say sub 1.1 as I seem to do in place market, although the occasional 2.0 back raises the averages nicely! Good luck today. Cheers, Simon

    ReplyDelete
  24. Thanks simon that's great advice ... I'm quite new to this and I intend to make a good go of it ... It's brilliant to have a discussion point like this where we can share ideas and of course learn from the great experience and knowledge Dave has ..

    Thanks again

    Steven

    ReplyDelete
  25. Hi Dave, hope today finds you well.

    Can I ask a favour please mate? I am trying to ascertain the best software for in running activities and would appreciate your advice please Dave. I have a lifetime subscription to the Toy, but am interested in Gruss after reading your blog. I have downloaded the free trial today and had a quick look around.

    I remember you mentioning that you could set custom buttons to back at certain odds? What is the advantage of that Dave compared to the Toy, as now when I want to place a back bet I just click on the ladder of the Toy at 1.01 and it places the bet at the highest available odds anyway? Would it be possible to see a video Gruss in action on one of your in running trades please, if you don't mind of course?. I have scrolled through your blogs but cannot see it up yet after you said you would put up a IR video?

    If the next 2 months are as profitable long term as the last 6 have been, I will give up my part time work and do this full time as of January, hence I would be really grateful for a heads up re any advice that your experience could give me in running with the software and how you use it. I am 90% in running in the win markets, as I can get much more matched there than in the place markets generally.

    Thank you Dave. Have a good week, Simon

    ReplyDelete
  26. Hi Simon.

    I've posted a couple of vids (see above).

    Take a look at Gruss and see what you think. Like anything new play minimal stakes and/or tick the verify bets box until you have the software sussed!.

    All of the IR guys in the exchange used the grid interface on Gruss, but that's not to say that you can't stick with the ladder on 'The Toy' if you are happy with using that for in-running. The advantages of using gruss are that you can usually see every runner on 1 screen, making it easier to trade different selections.

    By clicking on 1.01 you are guaranteed of getting a price, but sometimes if you want to back/lay at certain prices then the custom columns are ideal, much the same as clicking on a price on the ladder.

    The win market is definitely the place to be in terms of in-running trading, but I have spent so much time playing in the place market that it's hard to make that move, although I am playing much more IR at the start of each race using the ladder on 'The Toy'.

    Hope this all makes sense and if you have any more questions then fire them this way. If you're at a stage were you're making a consistent profit then crackon! (and start a Blog).

    PS One important thing about Gruss. If you click the 'green-up' box and you are not immediately matched then make sure that you cancel all bets before you click it again as your original bets will still be in the queue somewhere. In the early days a few colleagues managed to turn greens into big reds by clicking this box a few times not realising that they were pumping in fresh bets every time ... ouch!

    Cheers - Dave.

    ReplyDelete
  27. Dave amazing win with peter from Paris .. Can I ask you what made you back that one in the first place at such high odds .. Sorry if that's a daft question but I'm still new to this ..
    Cheers mate

    Steven

    ReplyDelete
    Replies
    1. Hi Steven.

      Sometimes it's worth having a couple of quid on a horse that races prominent. There's always the problem in that it could go too fast, make a bad jump or fall in which case you can do your money. There was a race after this one where a horse seemed to be going well in front but stayed at 1000 prettty much all the way round ... so sometimes you back them and find that you can't get out. Was a bit lucky really ....

      Cheers - Dave.

      Delete
  28. Great videos Dave .. Really useful

    Steven

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    Replies
    1. Hi Steven.

      Glad I can be of assistance.

      Just watching a few trading vids myself. If you haven't already then check out 'itsamugsblog' .... some really good info there.

      Cheers - Dave.

      Delete
  29. Thanks Dave .. Brilliant .. Just another quick question if you don't mind .. I am going to get gruss .. Do you use that for pre race trading too ?

    Cheers

    Steven

    ReplyDelete
    Replies
    1. Hi Steven.

      I only pre-race trade in the win market and I use 'The Toy' for this.

      Cheers - Dave.

      Delete
  30. Thanks Dave ...I had a look at the it'samugsblog... Very good

    Cheers

    Steven

    ReplyDelete
  31. Morning Dave,

    Just wanted to say thank you for posting the videos. I am heading up North this morning for a couple of days to see one of my best mates, so will look at them in depth on Wednesday. Very kind of you to post this up.

    I was going to start a blog yesterday, but with working 4 hours a day part time, studying for TWO OU degrees, plus trading and trying not to ignore my good lady wife, time seems to escape me everyday!! Below is my P/L for last 7 days, not quite at your level but £850 is not to be sniffed at.

    I tried the place markets yesterday and it is fine for nicking a pound or five for getting matched what I can at lower end, but so frustrating as 3 times clicked on 1.5 - 2.0 yesterday for say £50 and got £1 at 1.5 and £49 at 1.05 !!! Mind you they all add up nicely.

    I also use Patternform for Pace angles and horses that trade lower in running. Dave you probably know about that, but Steven it is free and excellent if you have a look.

    Have a good week guys, catch you midweek. Thanks again, Simon

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    Horse Racing: £850.28 Total P&L: £850.28

    Horse Racing Showing 1 - 20 of 217 markets
    Market Start time Settled date Profit/loss (£)
    Horse Racing / Kemp 20th Oct : To Be Placed 20-Oct-13 17:30 20-Oct-13 17:38 0.56
    Horse Racing / Kemp 20th Oct : 2m5f Nov Hrd 20-Oct-13 17:30 20-Oct-13 17:37 0.00
    Horse Racing / Naas 20th Oct : To Be Placed 20-Oct-13 17:25 20-Oct-13 17:32 1.15
    Horse Racing / Naas 20th Oct : To Be Placed 20-Oct-13 16:55 20-Oct-13 17:05 0.00
    Horse Racing / Kemp 20th Oct : 2m Hcap Chs 20-Oct-13 17:00 20-Oct-13 17:04 8.28
    Horse Racing / Cork 20th Oct : 2m4f Nov Chs 20-Oct-13 16:30 20-Oct-13 16:37 0.33
    Horse Racing / Cork 20th Oct : To Be Placed 20-Oct-13 16:30 20-Oct-13 16:37 5.37
    Horse Racing / Kemp 20th Oct : 2m Listed Hrd 20-Oct-13 16:25 20-Oct-13 16:29 4.92
    Horse Racing / Naas 20th Oct : To Be Placed 20-Oct-13 16:20 20-Oct-13 16:26 13.47
    Horse Racing / Cork 20th Oct : To Be Placed 20-Oct-13 15:55 20-Oct-13 16:10 12.83
    Horse Racing / Kemp 20th Oct : 3m Hcap Chs 20-Oct-13 15:50 20-Oct-13 15:57 40.89
    Horse Racing / Naas 20th Oct : To Be Placed 20-Oct-13 15:45 20-Oct-13 15:54 -10.24
    Horse Racing / Naas 20th Oct : 2m3f Mdn Hrd 20-Oct-13 15:45 20-Oct-13 15:53 0.27
    Horse Racing / Kemp 20th Oct : 2m Listed Hrd 20-Oct-13 15:20 20-Oct-13 15:24 37.66
    Horse Racing / Bath 20th Oct : To Be Placed 20-Oct-13 15:05 20-Oct-13 15:13 7.90
    Horse Racing / Bath 20th Oct : 1m5f Hcap 20-Oct-13 15:05 20-Oct-13 15:08 0.03
    Horse Racing / Cork 20th Oct : To Be Placed 20-Oct-13 14:50 20-Oct-13 15:00 5.49
    Horse Racing / Kemp 20th Oct : 2m Beg Chs 20-Oct-13 14:45 20-Oct-13 14:49 5.76
    Horse Racing / Naas 20th Oct : To Be Placed 20-Oct-13 14:40 20-Oct-13 14:48 7.50
    Horse Racing / Bath 20th Oct : To Be Placed 20-Oct-13 14:30 20-Oct-13 14:36 5.72

    ReplyDelete
  32. Hi Simon.

    Good to see that you're keeping yourself busy!

    That's an excellent P&L and if you're making that on a consistent basis then you're flying!

    Cheers - Dave.

    ReplyDelete
  33. Simon .. Thanks for heads up re patternform... Much appreciated

    Steven

    ReplyDelete
  34. PS simon that PL is bloody marvellous ... I'm nowhere near you boys... I'm determined to get there !

    Steven

    ReplyDelete
  35. Hi simon.... Can I ask what odds are you laying at in the win market ?.. I seem to be laying at high odds ..

    Cheers

    Steven

    ReplyDelete
  36. Hi Dave your discovery on the dogs sounds interesting ..

    Regards

    Steven

    ReplyDelete
  37. Morning Guys,

    Dave, appreciate the videos for Gruss, will try it out today on the quality racing at Fontwell and Worcester!!!!

    Steven, re odds laying at, I do lay at high odds (anything from say as low as 1.5 but generally the average is probably 10-1 to 33-1) and take on rather large liabilities (I lay 90%+ of the time in win market) but the good thing with the win market, is there is generally enough liability to red up when / if things turn against you, which they will do at some points. The other day I laid one at about 20-1 out the back and as we have all seen, it sprouted wings and I backed it about half those odds I seem to recall, was about a £200 red but I have done large amounts by gambling and leaving them as bets and they ALWAYS win and bank is gone. That is one lesson I have learnt is to take a red and accept your losses.

    In the place market where Dave is so successful, I just back, but I would say 90% of my back bets get matched at sub 1.2 and unfortunately there is no way out if you make a mistake, as in my opinion, the liquidity is just not there. With camera angles sometimes making it very difficult in a finish, I cannot seem to get ahead of the game in that market and got spanked for £500 at 1.02 the other day, got nutted on the line for 3rd and my bet got taken a thousandth of a second before I clicked to cancel it. That fill or kill would be useful there I think, if not matched in one second, kill it.

    The biggest problem I have with trading day in day out, is concentration and focus. Do you find that difficult Dave? I just find myself getting distracted between races, surfing the net, snacking at the fridge door, reading my study books, chatting to the neighbours, making dinner etc etc and then rush back upstairs when next race is due off!!!!!! The other thing, is that because I am at home all day, all and sundry think they can disturb me at any time, generally of course when I am losing and need to focus. I am finding it very difficult that side of things Dave and would be interested to know how you retain focus and concentration, as I seem to notice a pattern of making mistakes when I am near the end of the day trading (4 hours staring at flashing numbers on a screen is not exactly thrilling) and my mind is elsewhere? That is my number one concern if I leave my part time work in January, is if I have the mental side of things in place to do this exclusively for a living. Did you find the transition hard Dave when you went from a sociable and interactive place like the exchange shop, back to your front room and doing it from home alone? Another interesting topic to discuss, the psychology of trading!!

    Have a good day chaps
    Simon



    ReplyDelete
  38. Hiya Simon.

    Yep my concentration does wander. Even in the exchange you could easily get distracted (it was usually by Rachel Riley on Countdown!). My top distractions at the moment are cleaning in between races, making tea/food, washing-up, washing machine, tumble dryer etc. The general noise made by my kids (grown up now but still fucking noisy) and the grandkids doesn't seem to affect me. Also, as I'm trying to trade both pre-race and in-running it doesn't leave a lot of time to be distracted so that helps. And then again it's nice to be able to sit in the garden for a bit in the summer, although I didn't much as my garden is still a shit hole! The winter months are usually the hardest as it's bleak, dreary, grey, cold and the racing gets cancelled .....

    Cheers - Dave.

    ReplyDelete
  39. I hear you Comrade, I am also in love / lust Rachel Riley ...!!!!!!!! My good lady tells me she is on that dancing programme on Saturday nights, but I don't love Rachel enough to watch that old dross!!

    Dave, you probably know this already, but the Toy has an In Play interface where you can set custom odds to bet at. I have been using it this afternoon after asking the question on the Toy forum. Just letting you know in case you ever wanted to use it !!! Cheers, Simon

    ReplyDelete
  40. Hi simon and Dave thanks for all the info I'm getting on here .. I am still very much a novice but learning all the time .. Thanks fellas it's much appreciated

    Steven

    ReplyDelete
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