thadon1503
27th August 2007, 22:44
Hi
I have finally managed to pull myself away from all of the useful information on here for a couple of minutes and write my first post!
I registered on win2win forums a couple of days ago, after becoming a win2win member, and I have to say, so far so good!
Basically I stumbled accross the site when searching for some information on a trading system (which I have now learned is just basically an interface, and an infearior one at that by the sounds of it), so needless to say I will be returning this interface for a refund. But after researching further into the alternatives; betangel, betIE... and reading around on this forum, I decided to look into some of the laying systems, and join as a member. I have now gone on to buy betIE, and have already had a go at the dutching utility over the past couple of days, more on that later.
Just to give you a bit more of a background, my history with betfair begain when I started matched betting (taking advantage of free-bet offers at bookies) and I made a quick 4 figure profit without too much pain and suffer.
I have always had the odd punt on sports, such as football and F1, lost some won some, but nothing big either way.
I did give 1 system a try on horses. Basically it was a loss-chasing system, backing the favourite in every race, and to the formula X+£20 profit from each race, X being the accumilation of previous lost stakes. The theory being that after enough races the favourite is going to come in, so you will always make a £20 profit. Needless to say I broke the bank within days, losing several hundred pounds, after which I labelled (as 90% of those uneducated in the horse betting world) that gambling is a mugs game, and I was glad the bad experience had put me off, and potentially saved me the thousands of £ losses that betting addicts all eventually seem to incur.
Hence my interest in trading, as I had seen the trends on horses before the race start, and it seemed like a way to almoast guarentee a return.
However, upon joining the win2win club, and taking in a lot of information on here, I have decided to give betting one more go. I have started Monthly Flat, NH Double Top, and Pro-Losers systems, and dutching with the BetIE, but using a variation, which I will go into more detail about later.
Certainly spreading your risk over a number of approaches seems to be the way to go, as my first day 3 systems were down and 1 was up, and the same today, however the system that was up was a different system.
So what about the trading? Well as far as I am aware, BetIE is not the best software for it, and BetAngel seems a bit pricey, considering I will not be at it full time (as I work 9-5). I also found it riskier than I imagined on the eTrends, the odds would often turn against me, and I was unable to make profits in the few days I tested it. And thirdly it is quite time consuming. Having said that, I do still plan on giving it ago, with the right software and once I have the time to really dedicate to getting the knack of it.
I am also very interested in the hedging function (I think!), the one whereby I will lay one of the runners at shortish odds that I expect to be behind in the race, then back at higher odds. However I will probably need some more advice on this from "Win2Win", as he seems to be the master at it.
Also due to my work, I would like to eventually set-up some bots to back/lay/dutch for me, but one step at a time.
I have plenty of questions, so no doubt I will catch some of you on the forums over the next few months.
I must say I have leart a ton of knowledge already, and I look forward to learning a lot more! Great job with the site, really have done well with it!
Cheers
Simon
I have finally managed to pull myself away from all of the useful information on here for a couple of minutes and write my first post!
I registered on win2win forums a couple of days ago, after becoming a win2win member, and I have to say, so far so good!
Basically I stumbled accross the site when searching for some information on a trading system (which I have now learned is just basically an interface, and an infearior one at that by the sounds of it), so needless to say I will be returning this interface for a refund. But after researching further into the alternatives; betangel, betIE... and reading around on this forum, I decided to look into some of the laying systems, and join as a member. I have now gone on to buy betIE, and have already had a go at the dutching utility over the past couple of days, more on that later.
Just to give you a bit more of a background, my history with betfair begain when I started matched betting (taking advantage of free-bet offers at bookies) and I made a quick 4 figure profit without too much pain and suffer.
I have always had the odd punt on sports, such as football and F1, lost some won some, but nothing big either way.
I did give 1 system a try on horses. Basically it was a loss-chasing system, backing the favourite in every race, and to the formula X+£20 profit from each race, X being the accumilation of previous lost stakes. The theory being that after enough races the favourite is going to come in, so you will always make a £20 profit. Needless to say I broke the bank within days, losing several hundred pounds, after which I labelled (as 90% of those uneducated in the horse betting world) that gambling is a mugs game, and I was glad the bad experience had put me off, and potentially saved me the thousands of £ losses that betting addicts all eventually seem to incur.
Hence my interest in trading, as I had seen the trends on horses before the race start, and it seemed like a way to almoast guarentee a return.
However, upon joining the win2win club, and taking in a lot of information on here, I have decided to give betting one more go. I have started Monthly Flat, NH Double Top, and Pro-Losers systems, and dutching with the BetIE, but using a variation, which I will go into more detail about later.
Certainly spreading your risk over a number of approaches seems to be the way to go, as my first day 3 systems were down and 1 was up, and the same today, however the system that was up was a different system.
So what about the trading? Well as far as I am aware, BetIE is not the best software for it, and BetAngel seems a bit pricey, considering I will not be at it full time (as I work 9-5). I also found it riskier than I imagined on the eTrends, the odds would often turn against me, and I was unable to make profits in the few days I tested it. And thirdly it is quite time consuming. Having said that, I do still plan on giving it ago, with the right software and once I have the time to really dedicate to getting the knack of it.
I am also very interested in the hedging function (I think!), the one whereby I will lay one of the runners at shortish odds that I expect to be behind in the race, then back at higher odds. However I will probably need some more advice on this from "Win2Win", as he seems to be the master at it.
Also due to my work, I would like to eventually set-up some bots to back/lay/dutch for me, but one step at a time.
I have plenty of questions, so no doubt I will catch some of you on the forums over the next few months.
I must say I have leart a ton of knowledge already, and I look forward to learning a lot more! Great job with the site, really have done well with it!
Cheers
Simon