Thanks for the link Chrome, and I like your new idea.
Cheers

You're quite right, he does make it look too easy in my opinion and it isn't quite that easy in practice. However, he has turned 200 pounds into 100,000 in a year, which is verifiable by his betfair printout (which I scrutinised). And also the videos are really how to use the features, not how to trade videos.

He has been doing this for such a long time that he reads the markets incredibly accurately, but it's not looking at graphs and volume alone, he has a knack for it. That's where beginners come unstuck - including myself.

All that aside, he is the real deal, I researched him, and what he does works.

People in the UK, not associated with him, but buyers of his software have been to his seminars and not one person has anything but praise for it.
It's all on completely different unrelated and well known forums, so you know it's not all hype.

It's not for me really, but his software is, as I trade differently.

The grid interface is FREE

The ladder interface, you simply buy minutes as you need them.

By standards of similar software, it's cheap!

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

No problem. The major hurdle we face in Australia is the low volume pools which don't correct themselves to trading levels until it's almost too late.

Even Saturdays here, are like a country Ireland meeting (volume wise).

Let's hope they let WA in, and push the benefits of exchanges a bit more.

I simply can't trade in $5,000 pools on a Wednesday!

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

interesting topic...

i dabbled in all this about 1 yr ago lindsay, completely understand all you are saying and suggesting and the like.
i wondered at the time: when can we get this guy out to oz and make some real money. i considered getting hold of him and putting him on a plane myself.
thinking that liquidity would have evolved by now (it will eventually im sure).
but that didnt even concern me, was happy to stay up late and become a pommy racing fanatic for a while.

then of course...WA bans betfair, and here i am betting wins on low priced favs for a living using ias and behind the times tab's. (well not for a living, but you get the jist).

my own little spreadsheet is attached if interested.

i still follow major pre-post markets and write down my fantasy 'bets' etc as if id be greening up one off positions. this to me would be the way i would do it.

my particular favourite was picking Oscar Perriero at 171 during last years
TDF (im a big cycling fan), and then "laying" him, so to speak, at $2, a day before Landis filled himself full of drugs and won that miracle stage.

anyway, that doesnt matter, what matters is their is surely such simple and easy money to be made doing such, at low risk.

a recent example:
prior to weekend, Marasco at 11 for cox plate. after his run, $6. so easy to predict such things. same with haradasun.
jap horses for cups at 20.30.40-1....after weekend, all at 15's of thereabouts.
what could be easier?

problem still revolves around aust.liquidity and fact the lay price is often many points above back price still. this smooths out as event gets closer and volume gets greater.

anyway, love the discussion, keen to hear more as you evolve.

Attached Files

Greening up.xls (19.5 KB, 648 views)

Chrome

Thanks for the link, I do appreciate it.
However it still won't work for me. There's obviously some sort of block in my 6 month old computer. I can download the program, have everything look right, but the box where you put in your liability (bookmaker) doesn't work. My cursor stays an arrow so I can't even get a look in.

James (racingtraders) has given up on me because he doesn't have the problem so he can't replicate it and look for a fix.

Mark, do you have the latest java installed, and are you by any chance using the dreaded Vista?

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Lindsay, I'm no computer ************ so don't know about Java, and I've never heard of Vista. I'm on XP. (as far as I know).

What's wrong with e-x-p-e-r-t ??????

Funny that, I also had the thought of getting him out here for a Seminar, even if I were the only attendee, it would be well worth it.
I'm sure if enough people paid for his airfare, accomodation and expenses, he'd consider it. And let me say, I wouldn't do this unless I were absolutely sure, it would be worth it.
The independant reviews are all glowing, his seminars are always booked out, and the only unhappy customers, are those that can't attend because of lack of vacancies. I think that speaks volumes.

As to liquidity, that will plague us for a very long time unfortunately.

a) There just isn't the same population
b) It's way too early for the UK guys to get involved in a big way
c) spring Carnival is about the only time the volumes are any where near reasonable.

You can pick it, when the overround is still sitting at 118% with 5 minutes to go. UK markets will be less than 105% with 15 minutes to go.
The problem is, as you state, the complete price discrepancy between back and lay. You can't trade with confidence in that kind of market.

Well, maybe some can, but I can't

So, the upshot is, I am now trading on the UK circuit and 1/10th of my race investment on Saturdays in Australia.

However, because of the anomolies in the market, I'm always scanning the low liquidity weekday markets for opportunities (such as I described a few posts ago).

When we finally get in-running trading, a whole new world will be available and the potential for trading multiplied hugely.

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

OK, XP is fine.

Go here...

http://www.java.com/en/download/installed.jsp

It will tell you if you have the latest java installed.

The program is built on java platform, so I'd say you need to install the latest jave from that site and reboot and try BetTrader Pro again.

If it still doesn't work, go to the windows update site and download all the updates.

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

With 35 minutes to go for the first race in the UK, there is more in the pool than when they jump on a Saturday here.
The market percentage is already 103.2% and every horse apart from the two rank outsiders is only one "tick" difference between the back and lay price.

__________________
RaceCensus - powerful system testing software.
Now with over 399,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/03/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg