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Its’ funny how not thinking about something allows you to find the answer you were looking for. I wasn’t even thinking about the football trading (in fact I’m not sure I was even thinking about trading, I can’t remember now) but the bloomin’ obvious just slapped me in the face.
This was about a week ago and ever since then I have been finding every possible fault with my eureka thought I possibly could – as yet I’ve found none which would stop the method from working in the long run.
I don’t want to let on to what my idea is (that would be foolish) and after searching the internet I cannot find anyone who has mentioned a similar style – this has to be a good thing in my books! For example search ‘Lay the draw’ and find how many strategies are out there and ask yourself if it really works? If you do lay the draw and it works then good luck to you.
I will continue to test and develop this idea which I have codenamed ‘Eureka’ as so far it looks promising. There are a few tweaks and as with anything in this business it will need continued tweaking as the markets evolve.
I also had another kind of eureka moment today as I managed to build a basic program which logs into the Betfair API and shows my account balance. A long was away from a fully fledged betting application but it’s a start. Now is I can get the same program to log into Betdaq……
I can’t help but think my idea is so simple it cannot possibly work but then the simplest things are sometimes the best. Expect a post in a weeks time stating there was some major flaw with my idea – if I never post again you know it worked a treat!
This was about a week ago and ever since then I have been finding every possible fault with my eureka thought I possibly could – as yet I’ve found none which would stop the method from working in the long run.
I don’t want to let on to what my idea is (that would be foolish) and after searching the internet I cannot find anyone who has mentioned a similar style – this has to be a good thing in my books! For example search ‘Lay the draw’ and find how many strategies are out there and ask yourself if it really works? If you do lay the draw and it works then good luck to you.
I will continue to test and develop this idea which I have codenamed ‘Eureka’ as so far it looks promising. There are a few tweaks and as with anything in this business it will need continued tweaking as the markets evolve.
I also had another kind of eureka moment today as I managed to build a basic program which logs into the Betfair API and shows my account balance. A long was away from a fully fledged betting application but it’s a start. Now is I can get the same program to log into Betdaq……
I can’t help but think my idea is so simple it cannot possibly work but then the simplest things are sometimes the best. Expect a post in a weeks time stating there was some major flaw with my idea – if I never post again you know it worked a treat!
Yesterday I made a huge £1.10 to add to my fund!
Football is so much harder than F1 and takes up much more of my time. I thought I spent a lot of time on F1 and figured football would be easy over the winter months but it’s looking like I will have to spend more time on football than I had planned.
I’m still not giving up because there are a few things which have caught my eye and may work out in the long run, but at the moment I just don’t have the time to get them sorted.
There are only 3 races left in the F1 season and it would be silly of me to spoil all the hard work I’ve put into that over the last 6 or so months because I was distracted with football.
I’m going to put all football betting/trading on hold until the end of the F1 season. That way it won’t interfere with F1 research and I will then be able to concentrate solely on football without having to balance my time between the two.
Good luck to you all in the meantime, I will be back in November!
Games traded since last update: 10 (16)
Wins - Losses: 6 - 4 (9 - 7)
Profit/loss since last update: +£1.10
Test Fund: £100.40
Football is so much harder than F1 and takes up much more of my time. I thought I spent a lot of time on F1 and figured football would be easy over the winter months but it’s looking like I will have to spend more time on football than I had planned.
I’m still not giving up because there are a few things which have caught my eye and may work out in the long run, but at the moment I just don’t have the time to get them sorted.
There are only 3 races left in the F1 season and it would be silly of me to spoil all the hard work I’ve put into that over the last 6 or so months because I was distracted with football.
I’m going to put all football betting/trading on hold until the end of the F1 season. That way it won’t interfere with F1 research and I will then be able to concentrate solely on football without having to balance my time between the two.
Good luck to you all in the meantime, I will be back in November!
Games traded since last update: 10 (16)
Wins - Losses: 6 - 4 (9 - 7)
Profit/loss since last update: +£1.10
Test Fund: £100.40
How did I follow 3 wins out of 3…..with 3 losses out of 3!
I'm not bothered about the losses because with football it's something that will have to be a frequent thing. The fact it's put me at a loss so far is the worrying thing. If I'd have let the Man Utd bet run from yesterday instead of greening after 5 minutes I would be in profit, but not by much.
Thankfully I know what the problem is and how to solve it. When I calculate my lays I am basing the stake (my liability) on a maximum the same as my backs. This means I'm loosing almost twice as much on lay bets as I am on back bets because of the way I'm trading. Of course I'm winning more on the lay bets as well but my main aim is to reduce losses so I need to change this.
My next chance to try the football will be Saturday which will be a big test with so many games available to play on. A change of calculation in the lay bet stake will hopefully bring a return. In a way I'm glad I discovered this problem with it only costing me 70 pence.
I made a slight change to the stats with the a running total of games being played shown in brackets.
Games traded since last update: 3 (6)
Wins - Losses: 3 - 0 (3-3)
Profit/loss since last update: -£8.19
Test Fund: £99.30
I'm not bothered about the losses because with football it's something that will have to be a frequent thing. The fact it's put me at a loss so far is the worrying thing. If I'd have let the Man Utd bet run from yesterday instead of greening after 5 minutes I would be in profit, but not by much.
Thankfully I know what the problem is and how to solve it. When I calculate my lays I am basing the stake (my liability) on a maximum the same as my backs. This means I'm loosing almost twice as much on lay bets as I am on back bets because of the way I'm trading. Of course I'm winning more on the lay bets as well but my main aim is to reduce losses so I need to change this.
My next chance to try the football will be Saturday which will be a big test with so many games available to play on. A change of calculation in the lay bet stake will hopefully bring a return. In a way I'm glad I discovered this problem with it only costing me 70 pence.
I made a slight change to the stats with the a running total of games being played shown in brackets.
Games traded since last update: 3 (6)
Wins - Losses: 3 - 0 (3-3)
Profit/loss since last update: -£8.19
Test Fund: £99.30