Bet Trading: £100 to £100,000?

Life in Bots-ville

noreply@blogger.com (Richard) — Wed, 09 Apr 2008 09:06:00 +0000

Wow! I've not posted for a while. I've also not done much trading, in fact, the last trades I did were in February for the grand gain of about £6! I havn't been completely quiet though, I've been playing around with some laying systems, for a bit of a change. I'll write up the results in a forthcoming post. I know, I'm normally all about the trading, but as I've not felt like trading, why not explore other options?

Anyway, the main thrust of this post is about the world of Betfair bots, or rather, what recent events have happened to affect them. First up are the new changes that Betfair are making if you want to use data from their site or API. They've decided to apply extra data charges if you make more than 20 calls a second to their API or web site. Now, that doesn't sound too bad, but if you are trying to access multiple markets at once then it can happen.

I usually use the free API and only track one market at a time, so I'm okay, but its something to bear in mind when you're planning what you want to do at the start.

And finally... We see the death of a site/forum that has been a centre piece to bot builders for quite a while now. That site is http://www.fred77.co.uk/. It's gone! If you want a new forum, then I've set one up. Whether it'll take off, will depend if people use it. If it doesn't get used I might take it down again, but if you want a look, its at: http://thebreakthroughpartnership.com/simplemachinesforum/index.php

And finally, finally, if you are interested in building your own Betfair bot, please have a look at my eBook on the subject (hey, nothing like a self plug!). Go to: http://www.thebreakthroughpartnership.com/tradingbot/tradingbot.html

Off topic: The big C and films

noreply@blogger.com (Richard) — Wed, 20 Feb 2008 15:36:00 +0000

Rather than post here about my fight against the big C, I have set up a separate blog, so if you want to see how I'm doing, pop over to http://mrbaldylymphoma.blogspot.com/

Okay, so I'm not Mr. Baldy yet, but its in the mail. I've got hair for a couple more weeks before I become a chrome dome, slap head, skin head. At least I don't have to keep getting hassled by the wife to get a hair cut for a while. It should all grow back post treatment though, so looks like Mr Baldy is only in town for a few months (fingers crossed).

Anyway, that's all I'm going to write about illness and all that crap here. This blog is for betting and trading, so back to the point.

Oh well, as I'm here and being off-topic, I'm also interested in film making and I get together with a film making buddy quite often. One evening a few weeks ago we spent 3 hours filming, editing and knocking up a silly short film, if you fancy a look, here it is:

2008 - the year I got cancer

noreply@blogger.com (Richard) — Thu, 07 Feb 2008 12:45:00 +0000

I was hoping this post was going to be called "my cancer scare" and be about how I thought I had cancer but it was a false alarm. Sadly not the case.
I've not posted for a fair while but quite a lot has been happening. Basically, since just before Christmas I have been feeling run down. I got a cold and then noticed that after it had gone two of the lymph nodes (egg shaped glands) in the neck were still enlarged. I gave them a feel and they were really hard and stuck in place. Foolishly, I consulted the internet and freaked myself out. After I had calmed down I went to see my doctor who said it was most likely just due to the infection but we'd keep an eye on it and if it was not better in two weeks then come back. I then developed a cough, like no other cough I'd ever had. Within a couple of days it was like I had my ribs kicked in. A tad painful. I went back to the doctor (a different one, as my normal one was away) about the cough, as it didn't seem right somehow and I was told it was just viral and the lymph nodes were fine. Thankfully, I already had another open appointment, for some blood test results, with my other doctor and when I went in he referred me to an ENT (ear, nose and throat) specialist.
I went in to see him and he was quite a likeable chap and he did a number of tests, including xrays, ultrasound and finally got a tissue sample extracted from a couple of the nodes. That bit wasn't fun. Imagine lying on a table whilst someone sticks a needle in your neck and wiggles it around (without any anaestetic), not fun. I was told that given my symptoms, they suspected that I had Lymphoma, which is a form of cancer of the lymph system, but they couldn't confirm it until the results came in.
The results came in and they had found nothing bad in the neck lymph tissue, but apparently that isn't unusual with Lymphoma, which can be difficult to diagnose from small tissue samples. Great. They did say it ruled out several other nastier possibilities, which was good anyway.
The chest xray showed other lymph nodes in my chest swollen up, which accounted for my non-stop, annoying, painful cough.
The next thing to look forward to then was a biopsy, which is where they planned to cut a hole in my neck and pull out a few lymph nodes, which they can then cut up and analyse under the microscope. This would tell them for definite what type of Lymphoma it was (as there are several different variants, that all need treating differently). I also got given a CT scan, which is where they xray slices of your body, so they can look through it in detail. So, what's next? Well, now I'm waiting for the results of the biopsy, to tell me which variant I've got and the CT scan results to tell me how far it has invaded. On the plus sides, Lymphoma is meant to be very treatable, although it is still treated with radiation and chemotheraphy, which doesn't excite me overly, although once it starts, I intend to give it my all. The other plus side is that I may get some more time available at home in the day where I can get some trading in (we'll see). So there are some silver linings.

Happy New Year!

noreply@blogger.com (Richard) — Tue, 01 Jan 2008 22:21:00 +0000

Wow, its been nearly a month since I last posted. Shame on me! Not much of a post here either, just logging in quickly, to wish a belated happy Xmas and happy new year to all. Hopefully your head feels better than mine does right now!

Anti-martingale

noreply@blogger.com (Richard) — Mon, 03 Dec 2007 22:22:00 +0000

In my last post I mention "Martingale" staking systems (dodgy, dodgy, dodgy!), well I found the definition for an anti-martingale staking system in wikipedia:

"One activity where money management based on an anti-martingale approach has a recognized value [1] is speculation and trading. Many financial markets have some cyclical component to them, and the approach of an individual speculator or trader may only be appropriate for one portion of that cycle. Using an anti-martingale risk management scheme will increase profits during time periods when a trading approach is working well, while automatically decreasing exposure during portions of the cycle where trading is unprofitable. This is believed to decrease the risk of ruin for trading"

Van. K. Tharp, the financial trading guru, talks about anti-martingale systems in his investing rules. Have a look here: Van K. Tharps rules

Scam!

noreply@blogger.com (Richard) — Mon, 03 Dec 2007 20:50:00 +0000

I hate scammers! This post is going to be a bit off topic (although I'll try and pull it back on-topic later on). Well, its on topic-ish, as I'm going to mention systems, ebooks and gambling. The gambling in question is related to on-line casinos. What am I on about? Well, I came across a forum post promising a wealth build system that wasn't the usual list. My thought, if something promises to be too good to be true is that it is too good to be true. I was intrigued though. I followed the link, expecting to see an advert for an ebook that made lots of big promises, showed little and demanded a big price. Instead I found the usual big promises but this time the ebook was offered for free in exchange for testimonials "when you start making big money too". Hmmm, that pulled me in somewhat. Suddenly there seemed no risk. Ok, I thought, what is this system that promised money without setting up a web site, a business, adwords or similar? I read the ebook and the first half was all about trying to get you to think you had found a gold mine and to think about how you're going to spend the money! The second half contained the system. I read it through. It started by saying that it involved on-line casinos. "What a waste of time", I thought and was ready to close the ebook, delete it and forget it, but then the next lines held my interest when they started talking about a loop hole in computer based gambling systems that can be exploited. I read on. It stated that a system had been found that would not work on real roulette but was ideal for on-line roulette due to the problem with computer generated random numbers. This almost had me. I know about computers and I know that a desktop computer can't create true random numbers. A computer has to use a formula that gives what look like random numbers, called pseudo random numbers. The system revolved around the fact that pseudo random numbers can be relied upon to be distributed evenly across the range of numbers. So, the idea came in two parts: 1) When to bet and on what and 2) A staking system. This made sense and I started to wonder if it could actually be legit, I mean, if this is being offered "pre-release" in order to get testimonials, that kind of made sense and it is always good to get something for free when it normally has a price tag attached (which the ebook claimed to have) and the system seemed plausible. Well, almost plausible. I did some more research. I wrote a roulette wheel sim and tested the system on it, it worked. With the random numbers my computer generated, the system worked. I was a step away from giving it a try. The system said to use a specific online casino and provided a link to it and set up instructions. I checked out the casino, to see if it was legit and it was. Whilst doing that I noticed that the casino said that it used a RNG (Random Number Generator). This was the problem. A RNG is a special piece of kit that can be used to generate real random numbers for use by computers, e.g. it doesn't rely on computer formulae to get numbers, it samples white noise levels or other random external events and feeds that back to the computer. So, the system would not work, so I wondered why the free ebook was there and then I thought about the link to set up an account at the casino (the ebook said that at least £50 should be deposited, in order for it to work!). The link was an affiliate link, the ebook author gets a percentage of any money that anyone they sign up loses! Very sneaky, especially when you look at the staking system. It was a slightly disguised martingale system!

So, how can I make this post relevant? (even if it hopefully will help save some people money signing up to this scam) Well, I think, before engaging money, other than a trivial amount, into any system or idea, you need to do the research yourself and not just trust the sales pitch, no matter how great the promises.

Don't Fall In Love!

noreply@blogger.com (Richard) — Sun, 25 Nov 2007 17:15:00 +0000

No, I havn't gone soppy. Don't fall in love with your trades. Last night I let a loss run and it wasn't until afterwards when I was kicking myself for it that I worked out why. I had "fell in love" with the price. It took me ages to get the lay side filled. The price kept moving and I nearly had it and then when I finally had the lay matched, the price moved up a tick and I was looking for another tick when it turned back. It bounced up and down a few times and I sat staring. Finally, the price went down to the price I had managed to lay. If I was sticking to plan, I would have scratched out, but I let it run and down it went. Stupid really and I knew it, but when I thought back at how long it had taken to get the lay filled, I was kind of reluctant to end the trade for nothing and 'hoping' for a price rise. Classic newbie behaviour and something I thought I was well over and normally would be. So, that's that. Back to the mind set of getting out quickly if it looks like the vicious flaky bitch, that is the price, turns on me!

Handling the ups and downs

noreply@blogger.com (Richard) — Sun, 18 Nov 2007 22:07:00 +0000

I love the videos that Adam Todd, from Racing Traders, puts together! That said, I only just watched the October vid called, "Betfair Trading Using Advanced Coin Flipping and Guesswork Techniques". Essentially, Adam goes through a number of races and randomly guesses which way the price is going. He then either scratches out or takes a small loss if the price is heading in the wrong direction, but lets winning trades run, taking, for example, a 10 tick profit. The essential point of the video was that it is not so important how you determine the direction you think the market is going to move, but the important bit is limiting any losses and riding any profits. This is pretty much the same point given by financial trading gurus like George Soros. Its good to see this demonstrated and commentated on in Adam's usual amusing style.

In Summary

noreply@blogger.com (Richard) — Thu, 15 Nov 2007 22:02:00 +0000

If reading through all the betting and trading blogs that are popping up is becoming a bind, there is a blog in town that does a lot of the grunt work for you. It is called Betting Blogs and it is basically a summary of what the latest posts are around the betting/trading blogosphere.

My eBook is ready for release, yay!

noreply@blogger.com (Richard) — Thu, 15 Nov 2007 18:25:00 +0000

Well, I've finally finished the last set of changes to my eBook about building your own betting/trading software/bot. I plan to keep adding more examples and expanding it further, but for now, I'll release what I have. So far, I have added 9 new different examples, showing how to do the following.

Log on to your account using the Betfair free API
Getting a list of events
Getting a list of markets and runners
Displaying market prices in a "ladder" style.
Matched price and Bollinger band graphs
Volume graphs

Weight of money graphs
Placing a bet
Placing a below minimum stake bet, updating bets, cancelling bets.

At the top of this post, there is a screen shot.

Is this a blatant ad? Yeah, I suppose so, but I'm really excited that I've got this far. It's been hard to find time to work on this and seems to have taken me bloody ages.

Support?

noreply@blogger.com (Richard) — Sat, 10 Nov 2007 15:15:00 +0000

Wife, girlfriend, partner-in-crime, other-half, spouse, husband, boyfriend, whatever you call them, they have a big impact on our lives. I was thinking about this the other day and wondered what your other halves thought about your trading activities? Are they supportive, encouraging, uninterested or downright anti-trading? For myself, my wife kind of treats it like it is my little hobby to be tolerated, like stamp collecting or something. It's okay, unless it looks like it will interfere with something "important"! A bit less than ideal from my point of view, but I just get on with it.

GetMarketPricesCompressed

noreply@blogger.com (Richard) — Sun, 04 Nov 2007 17:39:00 +0000

I've had a few hits on the blog from people searching for information on the betfair API function "GetMarketPricesCompressed", so I have put a post about it in the forum at: http://thebreakthroughpartnership.com/simplemachinesforum/index.php?topic=3.0

Hope that helps.

Trading using the training or trusting mindset?

noreply@blogger.com (Richard) — Tue, 30 Oct 2007 20:08:00 +0000

Whenever I have been in the zone and on a winning run, if I think back, it always felt very natural and was about acting and reacting without analysing and thinking. On the contary, when I've been doing badly, the opposite seems to hold, I am always over analysing, thinking and hesitating and then finally acting just as the price changed.

Performance consultant, author and speaker, John Eliot, talks about high performers using a "trusting mindset" whereas everyone else uses a "training mindset". The trusting mindset is what I would call the unconscious mind and the training mind set is the conscious mind.

When a skill is initially being learnt, it is done very deliberately and every action is scrutinised and practiced. This is all a very conscious activity. If you think to when you learnt to drive. Changing gear was a bitch! It was a long and complicated operation requiring full concentration (at least it was for me). A very conscious activity (training midset).

After you have been driving a while, changing gear is easy and you can do it whilst talking to your mate in the passenger seat without thinking about it. This is an unconscious operation (trusting midset).

Any skill is trained consciously and then becomes almost a habit as it is transferred to the unconscious. The thing is, if you start to think too much about something when you are doing it, it ends up working through the conscious (training mindset) route which is slower and more deliberate. The same holds with trading. When you are trading 10 minutes before the off, you need to be ready to act quickly and confidently otherwise you miss the boat. This is an environment where the unconscious shines. If you have ever had a winning run, where you have been in the zone, you will know what it is like. It is all about trusting your unconscious to know what to do and not trying to second guess yourself.

My birthday

noreply@blogger.com (Richard) — Mon, 29 Oct 2007 23:05:00 +0000

It was my birthday yesterday, so not much to report tradingwise. I went out for a late lunch with my wife, the kids, the in-laws and family. It was nice, other than my boy Harry (who is 2.5) being a grumpy little monster.

Betfair Bot and Software Forum

noreply@blogger.com (Richard) — Thu, 25 Oct 2007 20:18:00 +0000

I've just set up a forum for people interested in building bots or trading software. So far not a lot is there, as I've just set it up, but feel free to register and make it your own. If it gets used I'll keep it up, if not then I'll close it down. It can be found at:

Bot forum

Questions for Learning the Lessons

noreply@blogger.com (Richard) — Tue, 23 Oct 2007 07:56:00 +0000

Learning your lessons is an important part of improving at anything and trading is no exception. One way to make sure that lessons are taken on, is by reviewing mistakes and successes and asking the right questions.

Below are a couple of questions that can get you some good answers and help motivate you to not repeat the same mistakes. Here's how it works:

1) During a quiet moment, get yourself a pen and paper and then relax and drift back in your mind to a time when you really messed up a trade.

2) Relive the moment, let yourself get annoyed about it, really feel the frustration and then ask yourself:

If only I had ............ I wouldn't have [insert what went wrong here]

3) For a full minute, write down whatever comes into your mind as answers to the "........" part.

4) Shake off any bad feelings and thoughts. Look down the list and highlight each of the answers that really resonate with you.

5) Of the highlighted answers, find one that is the key point and write it onto a post-it note, in the form: "If only I had [your answer] I wouldn't have [insert what went wrong here]" and stick it on the side of your monitor.

So, this is the first step. This is using what is called "away from" motivation, to help you notice and stop repeating a mistake. The other form of motivation is "towards". To tap into that, do the following:

1) Once again, in quiet moment, go find your pen and paper again and then relax and drift back in your mind to a time when you really did well on a trade. A time that you are really chuffed about.
2) Relive the moment, let yourself once more relive the elation and the buzz. Mentally, pat yourself on the back and feel proud. Whilst feeling those feelings, ask yourself:

Because I did ............ I succeeded in [insert what went right here]

3) For a minute, write down whatever comes into your mind as answers to the "........" part.
4) Look down the list and highlight each of the best answers.
5) Of the highlighted answers, find one that is the key point and write it onto a post-it note, in the form: "Because I did [best answer] I succeeded in [insert what worked here]" and stick it on the side of your monitor, next to the other one.

New Blogs

noreply@blogger.com (Richard) — Tue, 16 Oct 2007 20:04:00 +0000

There are a couple more new bloggers on the scene, giving their own view of trading. I've had a read through and will be going back again, so please have a look and give them some support.

JP's Betting Blog
The first one is called "JP's Betting Blog". JP has set himself the target of taking £6,000 and turning it into £25,000 by the end of next year. He is using a combination of tipping services and his own personal views when gambing, but he is also trading the favourites in the last few minutes before the off.

Don't give up your day job

The owner of this blog has given up his day job and is trying to make his money from trading. He also favours the horses and has had a bit of a run in from playing with football (a familiar situation).

A quick post

noreply@blogger.com (Richard) — Tue, 16 Oct 2007 19:50:00 +0000

I've not posted for a few days again and I've not traded either. Life is currently pretty hectic! My day job is going to be crazy busy till Christmas, but I'm going to post whenever I get the chance. My plan is to get some trades in on the weekend. Get back to the horses again. Yay!

My flirt with football wasn't particularly great and I never really got much of an edge. I will keep looking into it, but until I know what I'm doing with football, I'll not be throwing cash at it.

Example Graphing from Betfair data

noreply@blogger.com (Richard) — Wed, 10 Oct 2007 21:57:00 +0000

As part of the rewrite of my eBook about building Betfair bots and using the free Betfair API, I have been creating some simple examples. One of those is a graphing example. I thought I'd post it up as a download in case anyone wants to play with it. It is somewhat raw and buggy but it was only written as an example to show how to use parts of the API. If you want to have a look, please go to: DOWNLOAD HERE and click on the "install" button. It is a windows application and when run will ask for username and password. These are your Betfair user ID and password and are used to connect to Betfair using the free API. Once you have logged on, you are shown the main window. On the left is a tree view you use to select a market and an event. Open the treeview until you find the event you want. When you have chosen through to the lowest level, a drop down list will appear at the top of the right hand pane. Use this to select a runner. As soon as a runner is picked, the simple ladder and graph will update price info every second. At the bottom of the window are some check boxes. These let you turn on or off the various graph lines. The available ones are back1-3 and lay1-3 which relate to the unmatched back and lay prices, next to that are back band and lay band. These are bollinger bands, currently set to use a 20 second moving average of matched prices. Finally there is a checkbox for matched price and moving average matched price. Next to the moving average is a box that you can enter the number of seconds the moving average is over. I hope that all made sense.

Just to repeat, this little application is not a finished, solid application, so don't be surprised if it does something funny every so often or crashes, etc.

If you want to make the graph fill more of the window, click the "hide ladder" check box. You can zoom in onto an area of the graph by holding the left button and dragging the mouse over it.

Have fun.

Giving money away?

noreply@blogger.com (Richard) — Sun, 07 Oct 2007 19:58:00 +0000

I've been away for a week and havn't posted since then. during my time away I received a comment posted on the blog, which is similar to the ones that pop up every so often, along the lines of "give up, you guys are just giving money to the pros". The thing is, by the nature of bet exchanges, it is peer to peer betting. For each matched bet there is going to be a winner and a loser, it's as simple as that. Getting the skills needed to make a profit doesn't happen overnight (unless you're someone really exceptional). The only way to really learn is by doing. It's fine doing some paper trading, but the emotions are not there. You can be ice cold calm and sensible paper trading but when there is real money on the line then the emotions kick in and that's one of the factors that need to be controlled. So, if the only way to learn is by doing and as there are a number of skilled traders out there, it makes sense that there will be a period where you will take a hit. As you learn the lessons and get better and also new people join and others just throw money in without thought, you will rise up the ranks and with that your profit levels will rise too. For each of the people out there that say, "it can't be done", there are many people who are making profits. Look at fellow bloggers Mark Iverson or the Betfair Trader. They're taking profits and know what it is like to pay your dues.

Losing days

noreply@blogger.com (Richard) — Thu, 27 Sep 2007 22:16:00 +0000

I'm going on about the book, "High Probability Trading" again, so if you don't like it, turn away now!

I keep finding bits in the book that really resonate with me. Today I found a bit about handling losing days. The book talks about how people have a plan for winning days, e.g. making £X a day but have no plan for losing days. The problem comes along when you hit a losing day and then end up chasing losses and over trading trying to hit your daily plan. Link suggests: "...when trying to figure out how much they will make at years end, they kind of forget to calculate any losing days. They assume they can consistently make the same amount every day and totally ignore the losing days. The reality is that they will probably have about the same number of losing days or more as winning days, and the losing days can tend to be worse than the good days".

He continues, "If you are going to have goals for winning days then you should also have goals for losing days and they should be less than you hope to make on a winning day. If $400 is your goal on the upside, you should have a goal of not losing more than, say, $300 on a bad day"

Blow out

noreply@blogger.com (Richard) — Thu, 27 Sep 2007 21:54:00 +0000

In trading terms, blowing out is when you go bust and blow your bank out. Not a pleasant thought, but something that happens more often than you'd like to think and often spells the end to a trader. If you blow out, you don't want to play anymore and your confidence can drop to rock bottom. It takes a lot to pick yourself up, know it is just a set back and start again.

Marcel Link, the author of "High Probability Trading", the book I'm currently getting into, says this about blowing out: "I know people don't want to hear this, but most of the best traders have blown out more than once before becoming the best. I always thought, 'yeah, but not me'. Well, it happened to me more times that I care to remember."

That kind of made me sit up and take notice. When I had made losses, some bigger than I had expected, due to thinking I knew best, I had, in the back of my mind, the thought that if I blew it and lost my bank (as small as it is) then I was not cut out for trading. I've had comments on the blog, when I've mentioned taking a loss or making a mistake, telling me to quit and give up (although not usually expressed so politely!). Well, in the book "Market Wizards" (on my recommended reading list at the bottom right hand side), you find that blowing out is a common early trait among almost all the best traders. As Link says, "It comes with the territory and is part of the training process". He also says, "Blowing out can be a valuable learning experience for a committed trader. It is time to regroup and find out why you lost. The answer will almost always be overtrading or being undercapitalised, but traders need to learn it for themselves"

The bit that really struck me most was when he said, "A word of warning: Most of the time it comes after a good winning streak". This resonated with me, as the biggest losses I've had have always been after a winning run.

High probability

noreply@blogger.com (Richard) — Tue, 25 Sep 2007 07:46:00 +0000

I'm currently reading the book, "High Probability Trading". I first heard of it through the Trade on Sports blog recommended book list. Our book tastes seem very similar, so I thought I'd check it out and I'm glad I did. So far, I'm only about a quarter of the way through, but it has been really good so far. The first part was quite re-inspiring. It talks about, what the author calls, the cost of learning. He says, "From everything I've ever heard, read and seen, a trader needs about 3 to 5 years to get through the learning period. During this time in which he is learning and honing his skills, a trader will be paying his 'tuition of trading' the same way lawyers, chefs and doctors pay to learn their craft". Okay, so 3 to 5 years wasn't that reassuring, but I found that looking at early losses as tuition fees was.

Another piece of advice that I liked was to concentrate on PPC, which means "preserving previous capital". He says, "forget about making money, just try as hard as possible not to lose any" and "The key to being a winning trader is to not lose a lot when you lose. If you cut losses, the winning trades will take care of themselves".

Beliefs

noreply@blogger.com (Richard) — Sat, 22 Sep 2007 14:57:00 +0000

According to NLP (Neuro Linguistic Programming), your behaviours in an activity are affected by the beliefs and values you have associated to it. As an example, say you want to become better at public speaking (behaviour) and you take some classes, but despite all the training, deep down you don't believe you are any good at public speaking, then when it comes around to standing up to speak, your body will respond to your beliefs and your voice will waver, etc. Then, when you get some feedback, you'll filter it through those beliefs, e.g. if there are two people both of whom are equally talented but one has the belief that they are a great public speaker and the other that they are not, then if they both get told that they are really good, one will believe it and use that comment to reinforce their belief further, whereas the other won't believe it and will probably find a way to use it to back up their belief that they are not.

Okay, all well and good but what has this got to do with trading? Well, part of your success or failure is related to the beliefs you have. If you don't believe that you'll ever make a profit or successfully trade at a new level of stake then you will find a way to make that happen. This is where self sabotage appears. Where you do something stupid, knowing it's stupid, but do it all the same. NLP offers lots of processes for changing beliefs but sometimes, just realising that a false belief is present, can help bring it to the surface so you can start breaking it down and challenging it.

How to trade on Betfair vid

noreply@blogger.com (Richard) — Thu, 20 Sep 2007 20:27:00 +0000

I've mentioned it before, but after Adam from racing traders posted a comment on the blog yesterday, I thought I'd check it out again!
It basically shows a 5 hour trading session by Adam Todd, condensed down into 38 minutes. There are 8 chapters which show the best and worst trades he made that day, accompanied by his commentary which cracked me up several times. Have a look.