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Ive never used betfair games before and after reading some of the comments here it is certainly enough to make me think twice, I do have a bit of dilema as I have a strategy which I know works....but this only works if these truly are random games.
Checking the games history for 24 hours over a 5 day period, not once has an event happened were I would loose money, can anyone relate to this in terms of thinking this is fail safe only to have a ridiculous run which wipes you out?
Checking the games history for 24 hours over a 5 day period, not once has an event happened were I would loose money, can anyone relate to this in terms of thinking this is fail safe only to have a ridiculous run which wipes you out?
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5 days is nowhere near enough to test a system ; 6 months minimum data.
I think the best way to find out is to download games statistics and test your strategy against past data. If your system works for the last 6 or 12 months, then it could be a good idea to try it out with real money. Good luck!
24 hours over a 5 day period
I agree that this is too short a period to get any meaningful figures from.
I have a strategy which I know works
You understand that this is mathematically impossible over the long term given that you are betting into a 101% market?
only to have a ridiculous run which wipes you out
Once you have a large sample of data you can calculate the standard deviation and use this to perform a risk of ruin calculation. This will allow you to find a sensible stake amount for your bankroll.
I agree that this is too short a period to get any meaningful figures from.
I have a strategy which I know works
You understand that this is mathematically impossible over the long term given that you are betting into a 101% market?
only to have a ridiculous run which wipes you out
Once you have a large sample of data you can calculate the standard deviation and use this to perform a risk of ruin calculation. This will allow you to find a sensible stake amount for your bankroll.
Download xfeeder lite, which is free, assuming your system can be automated. If you get stuck with xfeeder I may be able to help as I've been using it for years.
Good luck
Good luck
Out of interest I have a couple of questions if anyone would like to indulge me.... Presumably the 'random' numbers are being generated from an independent 3rd party & secondly how are they generated?
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