New Posts For Thread: Advice on whether I should start using moneyhttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-moneySo far I have proofed 730 bets with a 19.45% strike rate.My ROI is 12.15My Edge is 17.01%All at level stakes Betfair prices.In your honest opinion how many more proofed bets would I need to go for the real money staking. Also are the figures above aTLD - If commission rate was 5%, then my ROI is decimated !Just after working out what commission would be on following stats....NUMBER OF BETS............................................2,092NUMBER OF WINNERS.........................................https://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503953487#503953487TLD - If commission rate was 5%, then my ROI is decimated !Just after working out what commission would be on following stats....NUMBER OF BETS............................................2,092NUMBER OF WINNERS.........................................Mon, 01 Aug 2011 06:14:53 -0500good point bjt, but if you were making say many bets in a market at many markets then the manual option is very difficult to maintain so automation is the practical solution, If on the other hand you have the time and are placing a lower amount of behttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503951169#503951169good point bjt, but if you were making say many bets in a market at many markets then the manual option is very difficult to maintain so automation is the practical solution, If on the other hand you have the time and are placing a lower amount of beMon, 01 Aug 2011 04:35:40 -0500Yes, because automatic betting software gets you the best value. Your strike rate isn't the only part of the equation you know?If you can automatically put a bet on at 4.7, or manually at 5.2, you suggest taking the 4.7?https://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503950935#503950935Yes, because automatic betting software gets you the best value. Your strike rate isn't the only part of the equation you know?If you can automatically put a bet on at 4.7, or manually at 5.2, you suggest taking the 4.7?Mon, 01 Aug 2011 04:21:04 -0500If your rating system is based on the flat I would advice starting soon as the flat season is in full swing but winds down in few months, try using autobetting software so that there is less chance of mistakes from human error and avoid difficult trahttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503950817#503950817If your rating system is based on the flat I would advice starting soon as the flat season is in full swing but winds down in few months, try using autobetting software so that there is less chance of mistakes from human error and avoid difficult traMon, 01 Aug 2011 04:13:13 -0500At what point are you placing the bets?https://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503949455#503949455At what point are you placing the bets?Mon, 01 Aug 2011 02:30:57 -0500The only way you can "proof" a system is at the very last race. Until then all you have is a small subsection, and without money down, just a history of other results. You can make money over 1000 spins of roulette, doesn't mean the system is a lonhttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503948471#503948471The only way you can "proof" a system is at the very last race. Until then all you have is a small subsection, and without money down, just a history of other results. You can make money over 1000 spins of roulette, doesn't mean the system is a lonMon, 01 Aug 2011 01:16:05 -0500Today's the day then TLD.A couple of questions if I may?Looking at the strike rate figure above would it be correct to assume you've bet in 405 races and found the winner in 38.28% (2 x 19.14%) of those races, i.e. 155 out of 405 winning races?Assumihttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503946325#503946325Today's the day then TLD.A couple of questions if I may?Looking at the strike rate figure above would it be correct to assume you've bet in 405 races and found the winner in 38.28% (2 x 19.14%) of those races, i.e. 155 out of 405 winning races?AssumiSun, 31 Jul 2011 22:46:20 -0500These are my figures after the 5% commission is taken offhttps://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503592621#503592621These are my figures after the 5% commission is taken offTue, 26 Jul 2011 12:20:32 -0500So far I have proofed 810 bets with a 19.14% strike rateMy ROI is 15.30My Edge is 20.39%I think I will go for it on 1st August on the flat turf only until I build up my stats for the AW and Jumps.https://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503592529#503592529So far I have proofed 810 bets with a 19.14% strike rateMy ROI is 15.30My Edge is 20.39%I think I will go for it on 1st August on the flat turf only until I build up my stats for the AW and Jumps.Tue, 26 Jul 2011 12:19:35 -0500Throw caution to the wind, it's only money.One must have a go. Nothing ventured...https://community.betfair.com/general_betting/go/thread/view/94082/28059573/advice-on-whether-i-should-start-using-money?post_id=503490129#503490129Throw caution to the wind, it's only money.One must have a go. Nothing ventured...Mon, 25 Jul 2011 10:46:09 -0500