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Thursday, 7 August 2014

Correlation's what you need...

So, after two years of corporate nonsense, tailored suits and polished Oxfords, I am once more a full time betting exchange trader... Praise the Lord and the baby Jesus!

Whilst football will very much underpin my trading as before, for some time I have been trading nags in-running and very lucrative it is too if, however, you know what you're doing. It's taken a great deal of time and effort to get this stage with it, a great deal of money too.
It's been suggested that trading nags in-running is somewhat de rigueur at present. I have no desire to be considered with the Joneses, a postive P&L is the only thing, in my opinion.
Anyway, one of the reasons I'm confident that my nag trading has improved to such an extent is the amount of time I have spent correlating my results. This is something I haven't paid a huge amount of attention to with football trading as the P&L spoke for itself, plus the variables are a lot complex with nags.
Thanks in no small part to the Betfairtradingmindgames P&L analysis spreadsheet, link below, the depth of knowledge around my nag trading is now enormous. My best day for trading is Monday, Friday is the worst. I should avoid trading at York as this track is responsible for 10% of my losses. Had you asked me prior which races are my strongest the answer would have been Sprints, turns out they rank amongst the worst.
The ability to understand my strengths and weaknesses within these markets ensures being able to target the right races on the right days at the right courses. And it really makes a difference...

Really looking forward to being part of the trading community again, really looking forward to posting a lot more regularly and cannot wait for the new season.

http://en.wikipedia.org/wiki/Correlation_and_dependence

http://betfairtradingmindgames.blogspot.co.uk/

Far from being an expert, I know the in-running markets can be tough but, if it's your thing, I'll help where I can.

Stay green.









9 comments:

  1. What's the best way to get in touch Lambretta?
    Cheers
    Chris

    ReplyDelete
    Replies
    1. Cheers Lambretta. Just sent a mail :)

      Delete
  2. I did wonder how much hold the greasy pole would have for you! Best of luck ... remember to seek value and steer well clear of Scotch Bonnets :)

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  3. Great to hear, Lambretta! All the best.

    P.s. direct link to spreadsheet info is:
    Results Summary spreadsheet

    ReplyDelete
  4. Hi, would you be interested in swapping links?

    You have some great content on your website I have already added a link to you at My Bet Plan

    My link details are:

    Website URL: http://mybetplan.blogspot.co.uk/
    Link text: My Bet Plan

    Regards, Paul and Nath

    ReplyDelete
  5. hi. you do back/lay or lay/back? regards

    ReplyDelete
  6. Hi there.. Its possible talk whit you? Tks

    ReplyDelete
  7. Hi there.. Its possible talk whit you? Tks

    ReplyDelete