Sports Trading Thread.

This is a discussion on Sports Trading Thread. within the The Foyer forums, part of the Off the Grid category; Morning all. Have decided to set up a sports trading thread. I trade pre race odds on the horses using ...

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Old Mar 14, 2016, 10:48am   #1
 
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Sports Trading Thread.

Morning all.

Have decided to set up a sports trading thread. I trade pre race odds on the horses using the betfair exchange.

This is a scalping method. I'm only looking to make 1 tick per trade,. But you can trade the same horse multiple times before the race does.

Most important rule: ALL BETS ARE CLOSED BEFORE THE START OF THE RACE.

For this thread, I'm going to start a bank of £100.

Firstly, a look at the program I use to trade the betfair exchange. As you'll see its some what different from the website, and gives you a lot more information to help you with making trading decisions.

Click the image to open in full size.

As you can see, theres not much happening right now, the first race of the day insist off until 14.10. The prices start to move in the last 15 minutes with most of the action happening in the last 5 minutes as regular bookies stay to lay off their exposure into the exchange.

I#'ll be back after lunch to to trade this first race.
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Old Mar 14, 2016, 11:05am   #2
 
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ffsear started this thread Ok, i thought id start with an early example...

The 3rd horse in this race interests me.

As you can see where I have circled red, this horse is trading in a tight range. 7 - 6.4

Click the image to open in full size.

So what I have done is straddled the current price. I have put in and order lay this horse at 6.4 £10 (circled in green) and Back it at 6.6 (£10). Now i just have to wait for these to orders to be filled and I will have a 1 tick profit.
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Old Mar 14, 2016, 11:20am   #3
 
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ffsear started this thread So we can see now that my back bet for £10 @ 6.6 has been matched. Now we are waiting for the £10 at 6.4 to be matched and we'll have our 1 tick profit.

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Old Mar 14, 2016, 2:22pm   #4
 
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ffsear started this thread Ok, so our lay bet got match. which gartered a profit of £1.04, regardless of who wins the race.

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Old Mar 14, 2016, 2:48pm   #5
 
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ffsear started this thread So using the same strategy on the next race, have managed to book £1.70ish


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Old Mar 14, 2016, 3:07pm   #6
 
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ffsear started this thread Another method I use is looking for prices with low liquidity. Or none at all

Look at the favourite, See price 1.79 and note how there is no money available at that price. I'm going to stick £100 in there now. This means that if price does hit 1.79, my money is right at the front of the cue. So if i see money getting taken at 1.78, I will quickly lay £100 at 1.78, and then if 1.79 gets hit, it will be my money getting hit first.!

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Last edited by ffsear; Mar 14, 2016 at 10:12pm.
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Old Mar 14, 2016, 3:11pm   #7
 
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ffsear started this thread So there's my £100 in at 1.79. Just waiting to see if price drifts out.


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Old Mar 14, 2016, 3:15pm   #8
 
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ffsear started this thread So 1.79 got taken, price flashed back down as it was near the top of the trading range, we traded out at 1.74 for a £3.47 profit.


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Old Mar 14, 2016, 3:25pm   #9
 
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ffsear started this thread Balance now £114. Will continue to trade the rest of today's races and see where we are at the end of the day.
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Old Mar 14, 2016, 3:35pm   #10
 
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Originally Posted by ffsear View Post
Balance now £114. Will continue to trade the rest of today's races and see where we are at the end of the day.
That's interesting how did you come to that figure? I count £15.99-1.96-1.96-1.96+3.91-3.11-0.12 =£10.79
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Old Mar 14, 2016, 3:40pm   #11
 
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Originally Posted by hhiusa View Post
That's interesting how did you come to that figure? I count £15.99-1.96-1.96-1.96+3.91-3.11-0.12 =£10.79

Because i don't have time to post ever trade. Will post statement at the end of the day!
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Old Mar 14, 2016, 3:42pm   #12
 
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What a lot of fun.

Do you really think this is a valuable use of your time?

Are you 10 years old, on the dole or under house arrest?

Seriously FF what the hell are you doing with your life!

Pathetic! Grow up!
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Old Mar 14, 2016, 3:43pm   #13
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Because i don't have time to post ever trade. Will post statement at the end of the day!
He's too busy coppering up.

Ok officially done, you want a betting thread but run from a real bet on your own terms lol.
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Old Mar 14, 2016, 3:50pm   #14
 
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Originally Posted by hhiusa View Post
That's interesting how did you come to that figure? I count £15.99-1.96-1.96-1.96+3.91-3.11-0.12 =£10.79
Click the image to open in full size.

.
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Old Mar 14, 2016, 4:07pm   #15
 
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Click the image to open in full size.

.
Why don't you increase your trade size? You made 14% on £100. At that compounding rate you should be rich in no time. It sounds like you have the sports betting down to a bit of a science. That's why ask why not increase your trade sizes?
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