So after two nights of Betfair SP, what do people think? Had a play last night and liked it. How easy is it to trade now

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

I have no idea, because it's a lottery what the SP price will be.
I can't trade because I don't know which way the price will go and can't hedge because I don't know what the profit or loss will be ???

Am I missing something....I think I am

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Chrome

It might have just been me last night, but if you choose the SP option that shows the NEAR and FAR(i think) SP prices, and place a lay on the Near price, then a back at the FAR price and selected to keep the bet alive in running, I got matched EVERY TIME. Lay at 4, Back at 20. Lay at 5, Back at 9. It didn't really matter. It was as if somebody was telling you what was going to happen. Closer to the jump the prices seemed to converge and were less useful.

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Thanks Angry Pixie,

I know very little about it, as I've been hesitant to dip my toe into something so new.
From what you've written,it would be possible to back and lay the entire field for profit without the worry of fluctuations, but I suspect there will be loopholes closed once people get comfortable with it and identify opprtunities.

For myself, I've gone back to my old hunting ground of backing and laying the entire field for a profit. There is less risk and less bank required than trading and hedging and far less fluctuations in returns than backing or laying straight out.

What's interesting for me, is that the very high liquidity races I eek out around 2% profit, but on US races with very thin liquidity, I'm able to get 20% to 30% returns early.

It's great to have layed three quarters of the field and already be in profit, even if the other bets don't get matched.

__________________
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Now with over 400,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/04/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Chrome, great to hear the old angles still work

I suspect you're right and the loopholes will close. I only had a very small go last night as sleep was more important. But again every BACK was matched in running.

CHEL 2345 Ornais (L3.3 B4.9)
STHL 2355 Two Acres (L4.2 B6.4)
CHEL 0020 Ofarel DAiry (L6.4 B9.8)

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Are we able to bet in running with SP?

__________________
RaceCensus - powerful system testing software.
Now with over 400,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/04/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

This sounds great.
Could someone please advise me as to how to display the SP.

In the more options section I have selected
Display Near/Far Odds
Under the heading
Projected Odds (SP)

But it says
Displays only when Betfair Starting Price (SP) is selected.

How do I select this?

I don;t see anyway to activate this.

Cheers

Brownie

Get out of more options , and back on the normal screen you will see choices to tick re Back&Lay, Market Depth, and SP. - just above all the prices. Good luck.


Angry Pixie
Thanks for your reply. I've finally got it worked out and might have a go at it tonight. Are you still doing well with it?

Hi Salty
Thanks for the reply
Yea, both those are ticked.
I am thinking it is a browser version issue.
I am running IE 6

Brownie, you'll only see this on English races. Browser version shouldn't be an issue.

__________________
Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash