The Muppet!

I'm still getting annoyed with the American racing, even though now I have live feed. Tonight I found that some total Muppet of a trader was slamming around 3-4k wedges and just letting it sit there in the back/lay column, it has such an impact on the market and can push a price all over the show. His bet ended up getting matched (well 3k of it) and that makes me wonder if someone was watching him trying to catch the Muppet out?? Feels strange realising that all the numbers on the screen relate to separate traders positions and we’re all out competing against each other.


The second thing which puzzled me was this:


Now I’ve heard of resistance points but isn’t this a bit extreme? 5k is matched at 1.20 but not even a quid is matched one tick below? At the end of the race the bookies odds of 1/5 showed up so it could be that. Next time I see that I’ll test placing a large lay at 1.20 and try to nick a tick or two from above.

Overall I'm still getting caught in big price gaps and mistaking blagg money for real and the other way around, I’ve noticed that my losses are so much bigger than the wins, this needs sorting out quick so I’ll be thinking of ways around it.

"Onwards and Upwards" i must remember that its a tough game. lessons learnt and a few more races done, I’ll try to trade tomorrow night for another 6 (limiting the amount I find is helpful as it keeps my concentration up, plus I'm aiming to hit 6/6 in profit then I’ll up it to 8, nice short term goal)

Bradders over and OUT!

I'm Back!

After a few days I’ve finally got hold of the ATR channel so i can get back into trading full swing.

I'm going to spend tonight just watching a few races to get myself used to it, and tomorrow I’ll be trading for hopefully about 2 or so hours. For now a few quick questions:

What is the delay from the off? I’ve noticed sometimes that the channel goes to the race very close to the off so I need to know of any delay at all. If I'm unsure as to how long till the race starts and the timer hits 0.00 I’ll be exiting immediately, if I have pictures then I’ll give say approx 30 seconds till the off until I exit.

What does M/L stand for? At first I thought it was the odds but it didn’t look right, now I see that ATR show these values quite a lot but I don't know what they mean?

When it states the exchange price what does this relate to, is it the betair markets price?

Any other tips or bits of advice regarding the US markets? Based on my tiny little knowledge bank so far I’ll be waiting a lot longer to get the fluidity up to a higher rate and avoid situations with large price gaps.

So now everything is in place to give me at least an equal chance to be successful and I’ll be concentrating on trading as much as possible, that's the best way to go about this game. Instead of studying articles, other blogs, tips or techniques that the internet talks about my main aim is to trade as much as I can, learn the basics and try to spot certain Déjà Vu situations and capitalise on them.

As "Big" John McCarthy would say : "LETS GET IT ONNN COME ONNN!"

First Steps

Another couple of races traded tonight, although I'm feeling very tired after a long week so probably wasn’t at my most alert.

Hand full of races on the US markets and two at Wolverhampton. I prefer the US markets as there’s more movement in them, I already feel that if your patient with your entry and look at how much weight is behind each position then eventually more obvious trades become available. But the randomness is still off putting for me, and the presence of spoof money has such a control over the market due to its size, no one seems to even want to take a bite out of it!

There was around a 600 wedge sitting on the back side (I use inversed ladders, so back is on the right) at around 6.0. As soon as it was taken out the back side rose up to 7.0, then a slight reverse occurred down to about 6.6. But why are people so reluctant to take a bite out of it? they simply wouldn't even touch it! Is it because the American markets are all full of novice traders learning the ropes? I would have loved to take a smidge out of it but that was my fall down trading on Wednesday, as it turned out to be real and go right against me!

Trading at Wolverhampton wasn’t as much fun, clogged up ladders and money flying out quicker than Hugh Heffner can blow at a champagne party doesn’t give me as much time to determine if its a good entry point or not, suppose that knowledge will come with time.

I have also figured that subscribing to ATR is a must, I simply need to have live feed, its too annoying KNOWING that the race won’t go off at 0.00 but then having to guess at what time it will. I was caught out at one race, lucky enough however the lay came in, but the inability to trade in running at US races means it’s totally random when my trades turn into irreversible bets, not the way to progress.




If anyone can relate to any parts of my post, please do comment and share your views.

Off to see a medium at the Trafford centre tomorrow, if she mentions anything about Betfair trading I’ll run away screaming!

School Boy Error

Well then the first night of trading is over, and you could slap a banner on my head saying "SCHOOL BOY ERROR" as I produced what I guess most weak young traders produce!

Started off well with good thought towards entries, taking my time to wait for money which I deemed to be out of position to pop up for me to nab, nice small profits coming in and stealing a few ticks here and there, then:

BOOM!!!!!!!! KING IDIOT BRADDERS STRIKES AGAIN!

Caught trying to trade the evens marker, I got stung bad. Misjudged a wedge in the ladder for spoof money when now I think it was actually real. Predicted a swing in the wrong direction and watched my red get larger and larger as it slowly forced the markets further away from my green zone! Eventually thought sod this, redded up and re entered in the opposite way only to see the money leave and the swing reverse and I was again on the wrong side!


Lesson for the day: Green up faster and try to avoid jumping ships at the wrong time!

Madness thinking I traded 6, profited on 5 and I’m down on the day!

Hello Everyone!

Thought I’d write a introduction to my blog before I get things underway.

Like many other bloggers around I'm going to document my progress throughout trying to be able to profit from trading on the Betfair markets. I’ve previously traded on them over the last couple of months but never really applied myself to trying to understand the reasons behind the movements. So it’s easy to guess that my success has been very limited!

There have been many who started blogs to monitor how they improve, some have been met with brick walls and others have slowly progressed into being able to profit enough to do this for a living. Of course I’d like to be one of the more successful traders but one thing I’ve definitely learnt so far is that the future in relation to trading is a very, very unpredictable one, so I’ll take each day’s trading as it comes.

The main aim of my blog is simply to try and gain some willpower with trading, to concentrate and be as disciplined as possible. I understand that I am going to lose before I win, and that the way to improve is to negate loses rather than milking the wins.

I’ll be trading the American markets of a night initially until I get a better feeling to the general movements and have a better knowledge base. Then hopefully move onto the English markets and then who knows, I hate working 8-5 so if I can do well at this then I could give that the boot out the backdoor!

Starting bank will be a basic £50 will stakes of £2, I’ll up my bank and stake accordingly with how well I adapt. My stake size won’t gradually increase, once I feel comfortable I’ll use something around the £25 region and then make my next decision once I’ve reached that point.

Thanks for reading all, please subscribe to my blog and feel free to post any questions!

Bradders