Trading software

Saturday, October 29, 2011

Good old form study

Currently working on something that looks promising...

Last year, I ran a (free) tipping site, and I’m thinking of re-establishing it sometime in the near future. 

I got a fairly big following at the time as the profits were OK and made a nice few quid from affiliate links but I stopped tipping as I simply hadn’t got the time.  I do miss doing it though and the extra income from both the bets and the affiliates was welcome.

So I decided to start doing some serious form study again, usually early in the morning and so far, the results are positive. If it continues to go well, I may re-establish the tipping site. This time though, I’m only concentrating on a couple of races per day – and if there’s no bets, that’s fine. One of the problems with running a tipping site is that people expect selections every single day (even though it was free). You can also run into problems when you hit a losing run as you get slated on forums etc, but I guess that comes with the territory.

I wouldn’t call it a system as I’m doing from study but I have found that a systematic approach (concentrating on certain races and horses) has helped cut out most of the poor bets and so far, this work has paid off. I’m not sure if or when I’ll get the tipping site going again, I may just stick the selections on the blog, but it feels good to be able to take a few quid from the markets, especially since I'm using my own ratings and tissue prices for the bets. I’ll post about it again in the future but here’s the early results, recorded to €10 stakes at Betfair SP, assuming one was on the maximum 5pc commission:

Bets: 20
Wins: 10
Strike Rate: 50pc
Average price: 2.94
Profit to €10 stakes: 67.20

Here's the qualifiers so far - I'm having a particularly good run the past few days:

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