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dimebar8
02 Nov 15 20:16
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Date Joined: 26 Oct 10
| Topic/replies: 8,797 | Blogger: dimebar8's blog
Starting with £100 bank.

Will be mainly using, but not limited to, time decay markets to Scalp and Trade for 10% profit per day of our total bank.

All profits shown include maximum 5% commission taken off.

Generally I'd prefer to do multiple smaller ticks but as I will be posting bets real time I'm going to risk slightly longer tick trades as I won't be able to keep up both the trading and writing simultaneously.

I'll most likely adjust tick sizes, methods, approaches and anything inbetween along the way too but for now this is what we are starting with.

No debates in comments please about %'s or any other crap just come back daily to check on progress if you're interested. 

You can jump on it if/when it fails if you wish.  There will most likely be some negative moments of course but please try to just shut the f##k up and let this play itself out, it will either be successful or it won't, it's simple as that, don't need anyone stating the obvious.

Will be theoretically risking up to 50% in the beginning which I could lower if I plan on doing more than 4 trades a day but in reality we are not risking 50% overall on any single trade as if it goes against us I'll be making adjustments and trades accordingly which will be posted as I do them.

Some days we will go over 10% depending on the selections and opportunities available and may also include other sports, not just limited to football.

Will start posting real time bets from tomorrow but this is what I selected today.

Disclaimer: If I'm busy or don't feel like doing a day here or there then I just won't post but I won't be after-timing anything either (apart from today's results but you will just have to trust me on those, sorry).

Everything from this point on will be posted real time instantly after my initial/opening positions have been placed in the market.

Day 1

Chievo v Sampdoria
Kick Off - Lay draw - £20 @ 3.45
13 Mins (0-1 scoreline) - Back Draw - £17.69 @ 3.9
Profit  £2.18

15 Mins - Back Under 3.5 - £50 @ 1.55
21 Mins - Lay Under 3.5 - £53.45 @ 1.45
Profit £3.28

Profit for game £5.46


Dinamo Bucharest v Viitorul

Kick Off - Back Under 2.5 - £50 @ 1.66
8 Mins - Lay Under 2.5 - £53.21 @ 1.56
Profit £3.04

17 Mins - Back Under 2.5 - £50 @ 1.41
24 Mins - Lay Under 2.5 - £53.82 @ 1.31
Profit £3.63

Profit for game £6.67

Day 1 Profit - £12.13 (12.13%)

See you tomorrow and let's see where this goes together. 

It would be nice if people would refrain from those captain obvious posts... I already know the risks and %'s of this.
For example, a risk could be if we are on an under 2.5 10 tick trade and a goal is scored around the 30th minute, we would only be in the negative for around 10 minutes before we're back to a green position, and that negative will also be on the time decay reducing every tick so the loss if we decided it was best to take it, would be relatively small.


Anyway...

Let's just let this play itself out please, I'm not claiming this to be anything.
I'm just doing it and documenting it for anyone and everyone that wants to follow the progress.

Let's see if we can make 10% of our bank per day.

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Replies: 391
By:
BARNEY21.
When: 02 Nov 15 20:25
Go for it dimebar8 will follow with interest.good luck.
By:
TheBetfairBuddy
When: 02 Nov 15 20:27
Same as Barney. GL
By:
JC1326
When: 02 Nov 15 20:45
Good luck. One question though: why do you have to take a bet a day? Why not wait for things you actually like a lot, and just play those, even if you have one bet a week, if that. I don't understand why people do these challenges and try to take so many bets a day.
By:
Johnny_Mustang
When: 02 Nov 15 20:49
Agree. Take BigDaveStar for example. He doesn't bet every day, instead he bides his time, stalks the markets like a panther, seeks out value and then royally f*cks up every time. But at least he's a trier.
By:
dimebar8
When: 02 Nov 15 21:02
I find good opportunites every day so I will take them, if for example it's a random tuesday and there's nothing but youth games on then I simple won't but majority of days I find plenty of opportunities.
By:
dimebar8
When: 02 Nov 15 21:03
The trades I will be taking aren't random I have looked at various stats and data and the calculated risk is in my favour... so if that's what you were worrying about then yes if I don't find anything to be in my favour then I won't be taking it on
By:
dimebar8
When: 02 Nov 15 21:07
Just as an example bet 1 was laying the draw. All I was doing was waiting for 1 goal to be scored for that and after looking at the stats there hadn't been a 0-0 between them for the last 7, no 0-0's for the last 7 sampdoria away and no 0-0's for chievo's last 7 home 0-0's so that was simple waiting for 1 goal to be scored and I felt it had a very high chance of success
By:
dimebar8
When: 02 Nov 15 21:08
lol minus 1 of those 0-0's from the sentence... got a little carried away Silly
By:
lurka
When: 02 Nov 15 21:09
OP i do this all the time in the last 15 mins of matches in the unders/overs market. I use trading software to place, change and cancel orders on the ladder interface and i use 365, hills and sky graphics to tell me what is happening on the pitch. I green up every few seconds, the software works it all out for me to the penny.

There is very little risk once you are very disciplined and sometimes you can make money just by being quick and knowing what the price should be. If there is an attack on I cancel my orders and wait eg for a goal kick or substitution, something where i know a goal won't go in while i'm exposed on the unders side. But you have to use software to do this.

Good luck
By:
dimebar8
When: 02 Nov 15 21:10
Lurka yes I know that's why I'm documenting it. I'm using Cymatic Trader as it's 100% free and has all the goodies betnagel and geekstoy etc have anyway
By:
dimebar8
When: 02 Nov 15 21:10
betangel* I cannot type tonight I keep saying simple instead of simply too... no idea why haha
By:
dimebar8
When: 02 Nov 15 21:13
Do you also scalp the horses?

I would like to be able to document the small tick in and out fast trading but I can't keep up with both documenting and doing it without it becoming "aftertiming", it would be too distracting too so I have to just show longer tick trades here and people will eventually see how consistent it is and the first 15 minutes is also a generally fast tick delay as well as the last 15... I prefer the first 15 though as statistically more goals are scored in the last 15 so the beginning is generally safer Tongue Out
By:
dimebar8
When: 02 Nov 15 21:30
for anyone interested in the software it's free and checked by Betfair

http://www.cymatic.co.uk/

Also has simulation mode so you can mess about without risking real money... it's well worth having in my opinion even if you are just straight up betting
By:
dlarssonf
When: 02 Nov 15 21:38
dimebar8    02 Nov 15 21:07 
Just as an example bet 1 was laying the draw. All I was doing was waiting for 1 goal to be scored for that and after looking at the stats there hadn't been a 0-0 between them for the last 7, no 0-0's for the last 7 sampdoria away and no 0-0's for chievo's last 7 home 0-0's so that was simple waiting for 1 goal to be scored and I felt it had a very high chance of success


this is all factored into the price
By:
dimebar8
When: 02 Nov 15 21:39
The price wasn't important, if a goal was scored the price was going up. I'm interested in tick movement.
By:
dimebar8
When: 02 Nov 15 21:42
The only thing the bets are being placed for is the chance of the ticks going in our favour. Bet 1 the price reflected the chance of a draw yes but the draw wasn't what I cared about, I cared about the 1 goal going in which, no matter when it was scored, was going to give me ticks to green.
By:
dlarssonf
When: 02 Nov 15 21:49
if it was scored.  Price isn't important ScaredScared  I will leave you to it
By:
JC1326
When: 02 Nov 15 21:53

Nov 2, 2015 -- 8:49PM, Johnny_Mustang wrote:


Agree. Take BigDaveStar for example. He doesn't bet every day, instead he bides his time, stalks the markets like a panther, seeks out value and then royally f*cks up every time. But at least he's a trier.


Dave's the exception though. If he only had a punt every leap year, he'd still be stuck on bet number one

By:
dimebar8
When: 02 Nov 15 21:53
It's calculated risk, nothing is risk free.  Everything you do on here is a gamble, every trade is essentially a gamble but it's a short term calculated risk get in and out, if a goal does go against you it's okay... it's not ideal but you are allowed to take some losses along the way, however majority of times you are not in long enough for it to happen and when it does like I mentioned in the opening post, if it's around 30 minute mark you have the choice to risk it for around 10 minutes before you are back to scratch or take the small loss.
By:
JC1326
When: 02 Nov 15 21:53

Nov 2, 2015 -- 9:02PM, dimebar8 wrote:


I find good opportunites every day so I will take them, if for example it's a random tuesday and there's nothing but youth games on then I simple won't but majority of days I find plenty of opportunities.


The very definition of discipline Laugh

By:
dimebar8
When: 02 Nov 15 21:54
Joci scalping is very different to long term betting... there are plenty of opportunities to scalp Silly
By:
dimebar8
When: 02 Nov 15 21:59
you know what you guys are turning this into a circus already lol which is fine I can see how people are sceptical but do you want me to do this or not? if you do then just watch especially larsson because there will be times where goals are scored whilst in the trade and you'll see how they are handled
By:
dimebar8
When: 02 Nov 15 22:09
I was debating whether to even make this thread because personally I know it's possible and achievable to do and make the 10% per day and I also know I can do it but I just wasn't sure if I could be bothered to even deal with the clowns because I don't need to do this, I'm not getting anything out of it and I'm going to be giving some good information and techniques out that if you took your head out of your asses you would realise.  Do not care whether you believe it or not but the "Pro Traders" making the consistent regular money are the ones scalping the markets, that's just fact and if you don't believe me ask Betfair yourself.

Are we done with the crap now that I specifically stated in the opening post I didn't want in here... either follow it or don't.
By:
TheBetfairBuddy
When: 02 Nov 15 22:18
ExcitedExcitedHappyScaredSurprised

Crazy scenes, dime looks like he is fed up with the morons esp JC and JohnnyMus - cant help themselves on here.
By:
dimebar8
When: 02 Nov 15 22:23
They are expected but it's just the fact I've already told them everything in the opening posts, i know the risks involved... it's like they expect a risk free option?

This is low risk, short term trading. Taking little pieces of cash out the market at a time when it's as safe as possible to do so and letting them add up at the end of the day.
By:
dimebar8
When: 02 Nov 15 22:29
You know if you guys would just be happy with a profit everyday no matter what % then that's easy as pie I just thought 10% was achievable and it's an expectation I feel I can meet so I'll go for that.
By:
dimebar8
When: 02 Nov 15 22:41
I'm going to explain something about trading and gambling here...

Gambling you are focusing on the big numbers, the odds.

Trading you are working with the little numbers, the ticks.

Just think how many 1 tick trades you could make realistically throughout the day... just 1 little tick so 2.98 to 2.96 for example... a matter of seconds in certain markets.

That's what trading is about it's the individual ticks and they move around very fast, it's not that hard to take a tick out of the market if you choose the markets carefully and then repeating that over and over because at the end of the day all of those individual ticks all add up.
By:
dimebar8
When: 02 Nov 15 22:54
The problem with most people on here is they are using the exchange as a sportsbook rather than a marketplace because that's what it is... a very nice marketplace full of opportunity and you're all missing it by using it as a sportsbook.
By:
themover
When: 02 Nov 15 23:01
is this a free money thread? Tongue Out
By:
dimebar8
When: 02 Nov 15 23:04
It's not free you have to work for it, if you actually want to scalp it's intensive full time no slacking you gotta be on it and focused, nothing is free Tongue Out
By:
themover
When: 02 Nov 15 23:06
Excited gl dime Happy
By:
dimebar8
When: 02 Nov 15 23:07
I've been scalping the horses for the last couple weeks and I can tell you there is no breaks it's like a full time job, race every 5 or so minutes, opportunities in almost every race for scalps it's intense mate and not for everyone but it's very rewarding when you know what you are doing
By:
uptheboro
When: 02 Nov 15 23:08
Firstly best of luck Dime. I used to scalp many moons ago and to be honest i think it used to be more profitable than it is these days. If you get to a stage where you are trading with relatively big stakes, you need a market with plenty of liquidity and that has certainly dropped off over the past few years except for the bigger games. On lesser games it is much harder to get in and out of the markets. The main reason i quit was that i was using a live stream for information as to what was happening in games but like many other in play markets, there is often someone who gets that info faster than you. I got stung big time on a turkish game where i was watching and there appeared to be little danger of a goal being scored as it had gone out for a goal kick. Before the goal kick was even taken, someone moved in on the unders market and snapped up not only my stake but a fair bit above me too. As i was watching the market i thought wtf and then watched as the goalkeeper promptly passed the ball straight to the opposition striker on the edge of the box who smashed it home.
By:
dimebar8
When: 02 Nov 15 23:10
Yes but 1 goal would be not disastrous and I know what you mean about the liquidity cap basically as you won't be able to shift large amounts through the market but I'm not just talking about football the horse markets are where the money is at and gets fed through fast but yes there is a limit to earnings with regards to liquidity but it's still enough to make a healthy living if you are committed to it. You can filter out £20 per race with £200 stakes scalping on most horse races
By:
dimebar8
When: 02 Nov 15 23:31
For the record when I'm saying "you can filter £20 per race" I'm not saying you will, and for those that might not know you are never risking the whole stake.
You do not go in-play when scalping horses the most you would lose if market  moves against you is generally a few ticks and it's not easy to maintain a level of concentration monitoring 4 or 5 markets at a time checking the volume and figures on each side and looking at the charts that indicate if a horse is drifting or coming in for possible swing trades etc.  There's a lot to it and I think you should all go and do some research on it and watch some videos and read up on it because it is a genuine way people make consistent money on here but it is also very time consuming and long periods of concentration is required and most importantly discipline.
By:
dimebar8
When: 02 Nov 15 23:35
Horse Racing: £58.20 | Soccer: £17.03  Total P&L:  £75.23

Horse Racing    Showing 1 - 16 of 16 markets
Market    Start time    Settled date    Profit/loss (£)
Horse Racing / Cork 1st Nov : 2m INHF    01-Nov-15 16:35    01-Nov-15 16:47    3.31
Horse Racing / Naas 1st Nov : 2m3f INHF    01-Nov-15 16:25    01-Nov-15 16:37    6.06
Horse Racing / Carl 1st Nov : 1m6f NHF    01-Nov-15 16:15    01-Nov-15 16:21    3.04
Horse Racing / Cork 1st Nov : 2m4f Hcap Hrd    01-Nov-15 16:05    01-Nov-15 16:16    4.14
Horse Racing / Hunt 1st Nov : 3m1f Hcap Hrd    01-Nov-15 16:00    01-Nov-15 16:07    6.11
Horse Racing / Naas 1st Nov : 2m4f Hcap Hrd    01-Nov-15 15:55    01-Nov-15 16:05    09.07
Horse Racing / Carl 1st Nov : 2m4f Listed    01-Nov-15 15:45    01-Nov-15 15:52    2.14
Horse Racing / Hunt 1st Nov : 2m4f Nov Chs    01-Nov-15 15:30    01-Nov-15 15:37    6.09
Horse Racing / Cork 1st Nov : 2m4f Nov Chs    01-Nov-15 15:05    01-Nov-15 15:13    4.11
Horse Racing / Hunt 1st Nov : 2m3f Nov Hrd    01-Nov-15 14:55    01-Nov-15 15:03    3.12
Horse Racing / Naas 1st Nov : 2m Beg Chs    01-Nov-15 14:45    01-Nov-15 14:52    -5.96
Horse Racing / Carl 1st Nov : 3m2f Hcap Chs    01-Nov-15 14:35    01-Nov-15 14:47    5.05
Horse Racing / Cork 1st Nov : 2m4f Mdn Hrd    01-Nov-15 14:30    01-Nov-15 14:39    3.04
Horse Racing / Hunt 1st Nov : 2m Hcap Chs    01-Nov-15 14:20    01-Nov-15 14:26    4.22
Horse Racing / Carl 1st Nov : 2m1f Nov Hcap Hrd    01-Nov-15 14:05    01-Nov-15 14:16    -4.36
Horse Racing / Cork 1st Nov : 3m Nov Hrd    01-Nov-15 13:55    01-Nov-15 14:03    9.02

Horse Racing: £88.19 | Soccer: £24.15  Total P&L:  £112.34

Horse Racing    Showing 1 - 20 of 26 markets
Market    Start time    Settled date    Profit/loss (£)
Horse Racing / Wolv 31st Oct : 5f Hcap    31-Oct-15 20:20    31-Oct-15 20:36    3.24
Horse Racing / Wolv 31st Oct : 5f Hcap    31-Oct-15 19:45    31-Oct-15 19:51    6.26
Horse Racing / Wolv 31st Oct : 5f Nursery    31-Oct-15 19:15    31-Oct-15 19:24    5.03
Horse Racing / Wolv 31st Oct : 1m4f Mdn Stks    31-Oct-15 18:45    31-Oct-15 18:54    4.31
Horse Racing / Wolv 31st Oct : 7f Hcap    31-Oct-15 18:15    31-Oct-15 18:22    2.13
Horse Racing / Wolv 31st Oct : 1m Mdn Stks    31-Oct-15 17:45    31-Oct-15 17:54    6.15
Horse Racing / Wolv 31st Oct : 6f Nursery    31-Oct-15 17:10    31-Oct-15 17:16    3.20
Horse Racing / Wolv 31st Oct : 1m6f App Hcap    31-Oct-15 16:35    31-Oct-15 16:47    1.07
Horse Racing / Ayr 31st Oct : 1m5f NHF    31-Oct-15 16:30    31-Oct-15 16:38    8.01
Horse Racing / Weth 31st Oct : 2m3f Hcap Hrd    31-Oct-15 16:10    31-Oct-15 16:22    3.19
Horse Racing / Ascot 31st Oct : 1m7f NHF    31-Oct-15 15:55    31-Oct-15 16:05    4.02
Horse Racing / Newm 31st Oct : 1m Listed    31-Oct-15 15:45    31-Oct-15 16:00    2.07
Horse Racing / DownR 31st Oct : 2m INHF    31-Oct-15 15:50    31-Oct-15 15:57    -4.49
Horse Racing / Weth 31st Oct : 1m7f Nov Hcap Chs    31-Oct-15 15:40    31-Oct-15 15:50    3.04
Horse Racing / Weth 31st Oct : 2m Listed Hrd    31-Oct-15 14:30    31-Oct-15 14:42    -5.40
Horse Racing / Ascot 31st Oct : 2m1f Listed Hcap Chs    31-Oct-15 14:15    31-Oct-15 14:21    4.04
Horse Racing / Weth 31st Oct : 3m Grd2 Hrd    31-Oct-15 14:00    31-Oct-15 14:13    3.01
Horse Racing / Newm 31st Oct : 1m Listed    31-Oct-15 14:05    31-Oct-15 14:09    7.06
Horse Racing / Ascot 31st Oct : 2m3f Nov Hcap Chs    31-Oct-15 13:45    31-Oct-15 14:03    4.02
Horse Racing / Ayr 31st Oct : 2m5f Hcap Hrd    31-Oct-15 13:50    31-Oct-15 14:00    3.01
Horse Racing / DownR 31st Oct : 2m Hcap Hrd    31-Oct-15 13:40    31-Oct-15 13:46    4.03
Horse Racing / Newm 31st Oct : 1m1f Nursery    31-Oct-15 13:35    31-Oct-15 13:37    5.08
Horse Racing / Weth 31st Oct : 3m Nov Chs    31-Oct-15 13:25    31-Oct-15 13:35    6.02
Horse Racing / Ascot 31st Oct : 1m7f Nov Hrd    31-Oct-15 13:10    31-Oct-15 13:18    3.03
Horse Racing / Newm 31st Oct : 7f Mdn Stks    31-Oct-15 13:00    31-Oct-15 13:02    4.02
Horse Racing / Weth 31st Oct : 2m Nov Hrd    31-Oct-15 12:50    31-Oct-15 13:01    3.04

That was the previous 2 days before today which I didn't do any scalping and that's using £25 flat staking just scalping 1 to 2 ticks a few times pre-off per race
By:
TheBetfairBuddy
When: 02 Nov 15 23:44
Nice work!
To be honest, the likes of JC and Johnny don't understand this method of betting.
By:
dimebar8
When: 02 Nov 15 23:49
The point of this thread is to get people aware of it and then they can go and do their own research and see if it's for them or not. That is my point in this thread, I know it's the best way to make money from the markets but it's not for everyone but those that can see the opportunity will most likely do it
By:
dimebar8
When: 02 Nov 15 23:52
It seriously is about making the switch from gambler to trader and looking at the exchange as an exchange and marketplace instead of a sportsbook and then actually using the exchange to it's full capability which majority aren't doing
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