Review and Preview

My 2nd year of trading on sports is over. Let’s have a look how I did:

Review of 2009

Tennis: 
I started well with a pleasant January profit of +€32.77 and a fantastic February profit of +€129.74, but then I totally lost my confidence. I had a couple of losses where I made some stupid mistakes. My staking was also too aggressive and I had too big liabilities during the trades. I cut my winnings and let my losses run.
Then I took some time off from trading tennis and late in the season I decided to start again with €20.00 stakes. I changed my style of trading to just focussing on laying low odds which was really an improvement. I did not track my results as I should, so I can not give an exact overview how I did. Tracking results will be an issue for 2010.

Soccer:
Did not trade that much soccer, but had a few bets and trades. I tried to use Soccer Mystic and trade soccer matches, but that will not work for me. It is too boring to watch a match and the odds closely. I think I will keep having an eye on pre match odds and if I can identify a good value (like Germany v Russia) I will put in a bet. I did not track my soccer bets, but I am in a small profit.

American Football:
I was not able to trade many matches, because my Pay TV subscription expired. I started to follow Stock Lemon’s picks. I was a little lucky, because I missed some losing bets. According to a stake of €10.00 I made +€56.66.

Formula 1:
This sport was my main income source for this year. I made +€307.08 during the year. Mainly I focussed on the fastest lap market, but I also had a look at some other markets, too. There is so much value in so many markets. I learned from my mistakes of 2008, where I could not accept a loss and put more and more into a bad position.

Horse Racing:
Three years ago I started to select some false favourites on horse racing. I only paper traded those selections and it did not pay off. So I stopped it.
This year I had a look at the excel file I created in the past with the past selections and I applied some filters. If I was more patient the stats suggested a decent profit.
At the end of March I started again paper trading my lay selections with a far more patient approach. At the end of May I started putting money on the selections with a bank of €100. I started with a maximum liability of 5% of the bank. During the last two months I raised my liability to 10% of the bank. I doubled the bank in eight months, which is a pleasant result.

Betting Bots:
I was always fascinated by having a betting bot. I started developing my first Betfair API application in June 2008. I wanted to develop a mobile Betfair application for Windows Mobile devices.
In June 2009 I started to develop a betting bot.
Currently we are running two bots for horse racing. One for backing and one for laying.
It is quite disappointing that both started really well, but now they are performing not as expected. I double checked past results and source code of both bots. There is no bug. The bots are working reliable and they do the work correctly. Only the results are quite different to the past results. 
It might be possible that in the near future both bots will run in simulation mode again.
Currently I am working on the next betting bot. I have still many ideas I want to automate. Once a bot is created it just need to run and track data in simulation mode. 2010 will be exciting!

Conclusion:

The Numbers:

Starting bank: €250.00
Current bank: €825.56 (+230.22%) 

Biggest single profit: +€79.11
Biggest single loss: –€50.47

The Staking:

Staking has been always an issue for me. I tried to adapt staking rules from other traders, but this did not work for me.
Generally, I am a fan of the KISS principle: Keep It Simple and Stupid!
That’s what I did with my style of trading this year. No complex strategy, just lay low.

Patience:

With my horse laying selections I learned that it is better to stay away, if there is no good opportunity. If you can avoid losing money, you will win more money. Forcing trades and getting in too often and too early was a main problem during the last two years.

Tracking Results:

I have not been good in tracking results, especially in tennis. That’s also a reason why I can not write down my complete stats for tennis trading.

Setting Goals:

At the start of 2009 I set myself a goal to reach a net profit of €1000.00. Did not reach this goal. I have learned this year, that it is not about chasing numbers.
It is about getting a professional approach:

• Apply always your trading rules
• Track your results
• Learn from mistakes (and avoid doing them again)

Preview of 2010

I will split this section into two parts: Personal Trades and Betting Bots.

Personal Trades

In 2010 I will focus on Tennis, Formula 1, Horse Racing and American Football.

Staking:

Tennis:
I will keep it as simple as possible: I will trade with a fixed staking and I will start with a stake size of €50.00.

Formula 1:
Stake size will be €20.00 to €50.00, the same like 2009.

American Football:
Stake size will be €20.00.

Horse Racing:
Will continue with a liability of 10% of the horse racing bank.

What about setting goals?
Chasing random numbers will not work for me, so I will not set me a goal to reach a certain amount of profit.
I want to turn my trading into a more professional one, so I want to concentrate on trading behaviour (applying all my rules, patience, etc) and tracking all my results.

Betting Bots

I have several ideas for automated betting. Along with the horse racing bots I am currently working on a bot for American Sports.

The goal for 2010 is to create a least one reliable bot and to create a solid income stream from it. I think in a few month I will have a couple of bots doing their work. Maybe some of them will only run in simulation mode for a while. There is no need to rush. Sooner or later they will do their work once all the parameters are found.

Changes to the Blog

I will also apply some changes to the blog. I will outsource the horse laying selections to a newsletter tool where people can subscribe/unsubscribe to. Currently I am still looking for a comfortable piece of software.

That’s it so far.
I wish all of you a prosperous new year!

Cheers, Loocie

Andy Roddick’s New Outfit

Hello,

have a look at Andy Roddick’s outfit for the new season:

(Click on image to enlarge)

Andy Roddick already fly to Brisbane, but his bags are lost. A Lacoste store sent some clothes over for him to practice in until his bags get there.

Funny guy!

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

Additional Information:
I will have a break. Next selections will be on 4th January 2010.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Newsletter Tool

Hello,

In 2010 there will be some changes to the blog. I want to create a newsletter for the horse laying selections. This will save time for me and will make it more comfortable for people who are interested in the laying selections. There will be no need to open the blog web site. Even with your mobile you can get the selections via email.

Desired features:

• Web based system
• People should be able to (un)subscribe to the newsletter
• Free of charge

Can anyone recommend a system like that?

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-12-16    11:50    Newb   OSRIC  3rd

Update:
The good run continues in December with another profitable lay selection. I got matched @3.35 while Betfair starting price was 3.3.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-12-12    13:00    Donc    CESARE  3rd

Update:
I got matched @3.10, while Betfair starting price was 4.66.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Update

Hello,

It has been quiet during the last weeks on the blog.

Tennis season is nearly over and I am only betting on my lay selections and let the bots do their work.

I do not like blog post like “Today I made xx points profit or loss…” because that is not interesting and do not help any of the readers. It is easy to fake results and screenshots, so why bother people with this?

During the last few weeks Betfair upgrades their website and API too often. Like today the service was unavailable during the whole morning. Why don’t they do the stuff during night? More commission for them.

Currently I am working on the CTP (central tracking platform) for the selections of the bots. Today I had a few tests on it and it looked promising.

Both bots are not performing as expected. But if you have a look at the blogging sphere many people are struggling with their results in horse racing at the moment.

It is just a matter of time when we will bounce back into the profit zone.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-10    15:30    Hunt    EXOTIC MAN  5th

Update:
Betfair was down the whole morning, so I got matched @3.75 on BETDAQ. Betfair starting price was 5.31.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-08    12:50    Sedge    LADY DE LA VEGA   3rd

Update:
LADY DE LA VEGA finished 3rd. I got matched at 3.05, while Betfair starting price was 8.20.


This selection is a really good example why I always recommend to take early odds.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selection.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-12-06    14:50    Kelso    MONTOYA´S SON  8th

Additional Information:
Currently the selection is out of odds range. Will see if I get matched.

Update:
I got matched at 4.7, but I am not sure how much money was available to lay lower or equal 5.0. Betfair starting price was 6.87.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-12-05    12:30    Chep    SHERWANI WOLF  5th

Update:
I got matched @2.76 while Betfair starting price was 3.14.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-12-04    18:50    Wolv (AW)    NORSE WARRIOR  1st

Additional Information:
Price not yet developed, so I will wait for getting matched.

Update:
I did not got matched below or equal 5.0. Betfair starting price was 6.40.
NORSE WARRIOR won the race by half a length.
Jump season is quite different to flat season. The markets are quite different. Will see how it develops.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Analysis of November 2009

Hello,

Another month is over and it is time for a summary.
The way I am working on Betfair changed a little during November, so I will change my analysis too. There will be a part handling the betting bot performance and a part related to my personal trades:

Personal Trades:

American Football: €47.20
I was a little lucky this month. Missed a few bets, because I was not at home to place some bets. The bets I missed all lost.

Horse Racing: -€20.77
My horse laying selections did not worked well this month. It was quite difficult to identify good laying opportunities, so I just had a few bets. Three of those won so I finished the month with a loss.

Motor Sport: €15.40
A small profit from the start of the month. Nothing interesting to say. I am looking forward to the next season.
Will Schumacher come back and drive for Mercedes GP?

Soccer: €10.52
Inspired by Psychoff I had a look at trading on soccer with Soccer Mystic. The good news is that I know how to trade on soccer. The bad news is, it is really boring. I do not enjoy trading on soccer. It is quite exhausting to watch the matches and the odds closely. Quite different to trading tennis.

Tennis: €45.17
I am happy about the result of trading tennis for November. There were not many matches, but I traded really well. During the last three months I think I have found my way of trading tennis: Just lay low!
That’s it. The earlier you lay low, the higher is the chance that the selection you laid will trade at higher odds. There are matches were I can not identify such a situation, but if so, then I do not trade this match. There is no reason to waste money.
Staking has been a big issue for me on trading tennis during the whole year. During the last three months I always traded with a fixed stake of €20.00 which worked quite well. With that staking it is also easy to evaluate my trades afterwards. For the next tennis season I will raise that stake size, but I will write about that in detail in my preview of 2010. I just need to avoid over staking, a mistake I made this year and which let me struggle during the mid season in tennis.

Total P&L: €97.52
Overall a really pleasant profit for the month. My time/trading ratio decreased too, which is another motivation. I do not need to fight to make a profit like this. Just need to do, what I know.

Betting Bots:

Both bots started exceptional profitable, but this month was not that good as the past months on simulation mode:

HorstBecker
LaylaCheval
  
HorstBecker had a really awful month, but I assume this should just happen to separate the boys from the men. We need to have balls and trust the system. There will be winning streaks and there will be losing runs. You can not avoid one of them. You need to deal with both. Have a look at an article from Harry Fox:

Losing Runs versus Winning Runs in Horse Race Betting

Layla had a profitable month, but made all the profit in the first two weeks of November. The last two weeks have been not that good and Layla produced a loss. All in all LaylaCheval made a decent profit in November, but we just started putting money on it from mid November. It had to happen to start with a loss :)

At the beginning of the month I was watching many of the races the bots were involved, but this will make you crazy. I will not do it anymore. It is too stressful. Sometimes you win, sometimes you lose. A single race or a single days is not important. Getting a long term view is what you need, if you are doing something like that.

Both bots are now running on a windows server. No need to run a personal computer for the bots. We just need to log in the windows server via remote desktop and we can watch both of them working. The bots are doing their work reliable. No crashes, no bugs so far.

There are still a few things to work out:
Firstly, we want to have a central tracking platform for tracking the bets and market activities on Betfair for both bots. So we want to be able to have a real time overview about both bots performance. This also includes to get a daily report about the profit/loss figure and other indicators.
Secondly we want to implement a reporting and alert system to get emails and SMS when there is an issue with the bots or with the Betfair API.
You see, there is still a lot of work in front of us.
I will keep you updated.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

Update:
No selections for tomorrow. Will be out of office.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-28    13:45    Ling (AW)    KING´S SALUTE  1st

Update: KING´S SALUTE won the race. I got matched at 3.00 while Betfair starting price was 3.61.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selection:

2009-11-26 12:45     Uttox     HORSFORD  3rd

Update:
HORSEFORD finished 3rd. I got matched at 3.55 while Betfair starting price was 3.87. A tough month so far for the lay selections, but there are still a few days in front of us.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Soccer Mystic Trading Lab

Hello,

currently there not many tennis matches around, so I started an experiment on trading on soccer. I purchased the Bet Angel trial for 30 days for 15 pounds. This includes Soccer Mystic too. The goal is to get comfortable with Soccer Mystic and the soccer markets on Betfair. The first game I traded was Germany v Ivory Coast on Wednesday.

 
I traded soccer in the past too, but today my style is different. In the past I was looking for value bets inplay, but today my entry and exit points are based only on odds movement, so I will not depend on the outcome of the game.

I traded the match above with EUR10 stakes. There is to goal about making a certain amount of profit during the trial period. I just need to learn and understand the market movements. If I can stay in profit and pay the trail period charge for Soccer Mystic with the profit I make I will be fine.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-19    12:40    Hunt    SERETH  1st

Update:
SERETH won comfortably. I got matched @2.98 while Betfair Starting Price was 1.97.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-18    12:50    MrktR    BALLYBRIGGAN  2nd

Update:
What an exciting race! I watched it live via Betfair Live Video. BALLYBRIGGAN ran really well after the last hurdle it was well in front. CITY THEATRE with A.P. McCoy came from behind and could win the race by 1/2 length. Both horses traded below 1.3x inplay. I got matched @3.6 while Betfair starting price was 3.5. Lovely!

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

LaylaCheval Is Up And Running

Hello,

today was a really happy day for Muxor and me. We started LaylaCheval our betting bot for laying horses on Betfair. It was the first day with real money on the selections the bot produced.

Here is an overview of today’s profit of LaylaCheval:


It is always good to start with a profit when setting up new strategies and ideas, but today Layla had a really great performance!

I am really excited about the next days. Will the profit continue? Will the bot do the work reliable? Can’t wait for tomorrow!

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

2009-11-16    14:50    Plump    STORMHOEK  3rd

Update:
We had a long period without selections(eight days in a row), but we kept patient. Betfair starting price was 5.9. I got matched @3.3 early in the afternoon.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

A Betfair Betting Bot Called HorstBecker

Hello,

HorstBecker performed really impressive today:

 
It looks like the hard work will pay off. I am a little overwhelmed about the performance of the software so far. I knew what is possible with the system and the bot by the historical data we collected so far, but it is a difference to see those data just in Excel with virtual money rather than to see it with real money. It is still performing that good! Amazing!!!

Automated betting and trading is a good way to make money on Betfair. Once you did your homework you can see a machine doing the work for you.

If there is any interest I will do a tutorial series on the blog about building a betting bot. Any wishes or comments on the blog or via e-mail are much appreciated.

Cheers, Loocie

Lay Selections

Hello,

Today’s selections:

No selections.

NB. All selections are lay selections. Only lay the given selections, if the odds are less or equal 5.0. If the price is greater than 5.0 it is not a bet. I recommend to take the early odds and a maximum liability of 5% of your bank roll on each given selection.

Cheers, Loocie

Horse Racing

Hello,

when we started the blog tennis was the main sport I traded on. This year I struggled a little with trading on tennis, so I had a look at other sports too. My horse laying selections seem to be steady profitable, but with only 10 to 20 selections per month the bank will grow slowly.

Since July we are working on two betting bots: One for laying and one for backing horses. The backing bot called HorstBecker is running in simulation mode since October. Since last week it is running with real money on it and it is nearly 25 points in profit so far. At the moment all selections are matched manually, but during the next few days I will work on the automated bet placing and hopefully this will reduce some work, too.
Sometimes I am also watching the races and the odds during the races.


Today there was really big money on CHARINGWORTH. Did someone had some insider information?


CHARINGWORTH won the race. I am happy HorstBecker had this selection too.
LaylaCheval (the laying bot) is still running in simulation mode (since mid September), but it shows decent results so far. It is 41 points up for November.

It was hard work to get to the point we are at the moment and I am pretty sure there will be more work in the future to improve both betting bots.

Cheers, Loocie