Firedave trading Betfair with Bet Angel

Documenting my experiences with Bet Angel using BetFair. This will be used to record my progress as I take trading on full time.

Bet Angel - The most effective tool for Betfair
Mar 11, 2010


I had a feeling yesterday was a lucky run and after the first couple of races today I was being proved right. I cannot understand how to read these markets they seem to be really erratic. Throughout the day there was overall more drifters than steamers, and when they went they disappeared. I was on the back foot from the off and took me the whole day to make even. I don't like this one bit, as I take far more risks than I should and it doesn't feel as comfortable as some of the earlier weeks felt. Overall I would say this feels like I'm just starting again and my results look similar to that of week 1 and week 2.  I was positive on the day overall but as it was so random and again more luck than any kind of skill I am not going to put the figure up as it would be misleading; it was less than yesterday though!

Tomorrow I am going to play safe and cautiously enter the markets I feel have some structure. This will result in a smaller P&L but at the moment it is capital preservation that is key.


Richard said...

Hang on in there!

They say the best way to learn is by trying things out and learning from your mistakes.

What's a drifter?

Paul said...

take the long view mate....while profit every day is ideal, remember that it's all a statistical game. When trying to catch up, maybe look at the month, not the daily figures ;)