Paid for itself this morning. Made a few small practice books on the previously dreaded US races and picked up a lazy $30.

You must have got around the liquidity problem, those markets are near impossible to read (for me) until they are at the wire.

On another point, Adam, has revealed that he operates on .25% POT but his volume is enormous.



His best piece of advice:


However, in not one of the 120 demo videos we see is he confronted by the jumping market against him. When it goes against him he only breaks even or loses one to two ticks.

A common scenario, is that suddenly and without warning, the market price jumps dramatically and he would have lost one whole unit, or more, before he could react.

Last night for example, the market price suddenly went from trading around $3.50, $3.60 to $6.80, $7.00 in an instant without any market indications and from that point never fell below $5.80.

He does not address when this happens, and it happens quite regularly, and in high volume markets.

Not much liquidity this morning but definite bookie advantages. I averaged 102% on small holds, one was 99.6% so I took a small risk the fav, but one race was 106%. Ever since I discovered the UK markets on Betfair, my average t/o has been around $1million p/a with 1.5 - 2.5% profits, year in year out.

Tapping into the ridiculous Big Brother markets has been gold, and the RU World Cup should be fat as well. I'm holding over $84000 on the WC winner already at around 100.7%.

ok its stupid question time?? would a tick be a profit made and 2ticks 2 profits made off the same horse??ect ect..ty

ok another incredulous question asuming you guys r traders do you only step in when the price differential is 5..?

Could be, or then again might not be.

What I mean is that a lot of traders do it differently, there's no hard and fast rules.

But I'm not a trader nor a bookmaker, I'm an opportunist.

Sometimes you can get one tick profit in one race on one horse, other times you can get ten ticks profit on the same horse in the same race, or one tick per runner, it depends entirely what you want to do, and what suits you.

.Hi Mark,
I can see what you mean about the UK markets.
I was haveing a little dabble with their ****** races where they have only six runners.
The prices where amazingly high .
The fav often was atound the $3.80 mark
The rest of the field around the $4.50-5.50 mark.
The prices where all over the shop.

The horse racing was even more amazing.
The national average for a Fav winning is 35% at almost break even odds.

Compared to Aust which is around the 28-30% mark with a loss of around 10-20%

I can see why one prefers the UK markets.

Cheers.

The flat percentage is 30%, the hurdle percentage is 40%, thus why the difference in overall percentage.

I have downloaded bet trader and it appears ready to go. The problem I am having is that the videos have sound but no picture. I have the latest java and have no problems with multi media normally. Anyone got any suggestions?

Try updating your flash player and shockwave player at adobe.com, that will be the problem.

Not only are the videos helpful, they are actually very entertaining and funny.

"They're all b a s t a r d s"

"The price is drifting, the trainer fed him a gallon of porridge and is laying him at any price"

:D

Thanks Chrome Prince - I'll try that and see how it goes.

i have noticed the speed difference in getting bets on with bettrade pommy races are very slow to get on ,here in aus.almost blink and ya miss it

It's to do with the greater volume, therefore your bet is further down the queue to be matched, whereas here, you're not very far down the queue.

I have been using the Bet trader PRO & its excellent.

Can someone tell me what the difference is between this product & say
Bet Angel which costs $600.

Cheers.

Bhagwan,

BetTrader Pro has more functions, many more functions in fact.

The reality is do you need all those tools.
The program is expensive when you add up the minutes you have to buy for the ladder interface, especially if you trade race to race.

If you only want a grid interface, then BetTrader Pro is free and far superior to anything else.

Personally, I have completely changed the way I trade, and have now gone for Betting Assistant which costs $11 to $15 per month (depending on exchange rates), as it does everything that I need to trade successfully, but certainly doesn't have all the features of BetTrader Pro.

It comes down to what makes you money, what you require, and what is value.

I'd suggest road testing all of them and making your own decision from there.

I tested:

Fairbot, BetTrader Pro, Betting Assistant, Bet Angel, and BfExplorer.

BetTrader Pro was ranked number one for features.
Betting Assistant was ranked number one for value for money.

These are my opinions alone, others might find differently.

Do you ever sleep Chrome??!!!

The first race in the UK started at 11:10pm and the last finished at 5:30am, and it's killing me!

perth time would make it that much easier,

Thanks for that Chrome.

Cheers.