Sports Trading: the £20 challenge

Hi shadowninja. I recently got interested in trading through Betfair and this comment of yours really picked my curiosity. I had in mind this idea of developing an automated trading bot too.. I'm pretty confident I have the technical ability, what I lack is the trading system. Maybe you would be interested in making a 'partnership' so we could develop a sofware system that works for the two of us? I know we don't know each other at all, but that could be changed.. Drop me a line if this sounds interesting to you at all!

Well, I scratched that new idea. The averages kicked in, if you see what I mean.

I'm now using a longer term system going for 15-20 ticks a time which seems to be working quite well over maybe 100 trades. Am trying to refine the rules for a "set up" that gets profit while keeping losses to a minimum.

Interestingly, my forays into sports trading has improved my financial trading. Oh, hang on, spank me for not towing the line that sports trading is just gambling for degenerates.

Trading in-play at Betfair is a lot riskier than trading before the event's kick off. Although reward is also higher, I normally recommend against trading in-play before experimenting with fixed odds movements before the start of a horse race for example. Pre-game sports trading at horse racing simulates much more of a financial market like stock market. Imagine trading a market that breaking news is published every second (trading in-play horse racing) or never know when breaking news will be published (trading in-play football games - time of scoring a goal).

Tennis trading is much more advisable, especially during the first set.

Crikey. Jim Makos has replied to my thread. Am honoured. Seen your YT videos.

He is indeed a bit of a legend lol

If you ever to create a bot make sure you include a liability trigger of some kind - there are some pretty infamous stories where traders have lost huge sums of money due to a bot going wrong.

Check out his youtube videos