General Betting

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06 Nov 09 08:21
Date Joined: 27 Dec 04
| Topic/replies: 153 | Blogger: zooot's blog
I assume it would pay to add a high volume of low margin bets to your mix to keep volume up and hopefully avoid the pc by sitting with charges over 20% of profit? (If you have confidence that it will produce some profit)

In other words it would pay to be a little less selective

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Report Baz November 6, 2009 9:32 AM GMT
This is the interesting opposite of the other thread regarding low risk betting and poss the road to go down.
Report Lori November 6, 2009 9:44 AM GMT
If I had confidence that it would produce some profit, I'd already be betting it though surely?
Report zooot November 6, 2009 9:53 AM GMT
well yes, but one tends to take the approaches with greater margin cause you never quite know what your edge is
Report Baz November 6, 2009 9:55 AM GMT
Lori, that would depend if you look for high or low risk trades. With the Pc charge ammendment it may make sense to bet high risk markets if you feel you will make enough to pay the commission and leave you flat on them, offsetting PC charges.
Report Lori November 6, 2009 9:57 AM GMT
I try to look for anything that makes a profit already. Adding more profit making would be a no brainer if it were that easy sadly.
Report curlywurly November 6, 2009 9:57 AM GMT
Why waste time messing about in these markets to reduce your pc by nominal amounts - might as well do a schalke challenge if you're that bored
Report curlywurly November 6, 2009 10:00 AM GMT
surely you'd be better served sticking to the markets that make you the most profits and adjusting your approach slightly
Report Baz November 6, 2009 10:06 AM GMT
I think the point is that even in markets where you make no profit after comm, there is still value and maybe that can be incorporated into your approach, just a thought.
Report Baz November 6, 2009 10:07 AM GMT
Curlywurly, I took your approach during the previous pc charge but now things are less clear.
Report zooot November 6, 2009 10:12 AM GMT
well a few years ago I dabbled in stuff that had high churn rates but some merit but put them on the back burner cause of the ups and downs.

- the pc looming one day gives some incentive to think about digging them out and have another look at them.
Report curlywurly November 6, 2009 10:18 AM GMT
fair enough if you've got a bot
if you're doing it manually then you could be spending dangerous amounts of time on here for scant reward
then you might not be sharp enough when it really counts
Report Baz November 6, 2009 10:25 AM GMT
Curlywurly, I agree with that post, it's a balance. I don't use bots but I don't have that many bets, mostly high margin.
Report Lori November 6, 2009 10:37 AM GMT
I guess that's the difference, I'm already to the point where there's not enough hours in the day
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