Book a free holiday now!

If, like me, your trading has been taking a well-earned break due to the abandonment of so many horse racing meetings, then you might want to consider booking a Betfair holiday to prevent your commission discount from reducing.

When you book a Betfair holiday (penultimate option on "My Account" page) then you don't get the 15% deduction on Sunday. HOWEVER, you also don't get credited for any points for the week either so you need to make sure the 15% deduction is more than any points you have accrued this week.

The other consideration is that you only get 4 "holidays" per year, so if you are lucky enough to swan off on "real" holidays to the Caribbean regularly then you'll have to weigh up the pro's and con's. Chance would be a fine thing!

I've been taking the opportunity to have the whole week off, rather than trying to scrape something from 1 or 2 meetings a day. I don't really like such days as the long gaps between races stops me getting into a rhythm and sometimes leads me to increase my risk by trying to milk every tick from every trade - sometimes ending in disaster!

Yesterday I started to get worried about how much trading I'll be able to complete this month as the latest forecasts are for the cold spell to continue for up to 2 weeks. Once the cold weather lifts, I expect it could take a while for the racecourses to thaw out too. Hey ho!

As a consequence I've been looking at other markets. I looked at the in-play "leg" markets for the World Darts last night and wished I hadn't! The markets are so thin that I got royally screwed. I might lick my wounds and have another pop tonight with a different approach.

Also, on Sunday afternoon the Masters Snooker tournament breaks-off. The frame-betting markets do have a higher volume than the leg-betting for darts (not surprising really) but the spreads can still be very wide. Played the right way though this does present some good opportunities.

Good luck and may the sun shine soon!

Analyse your horse racing P&L in 3 ways!

Update: April'11.  The much improved Results Summary v2 spreadsheet is now available for download! Including support for all sports as well as horse racing (summaries by course, race type, distance as well as all combinations of these), 'drill-down' from summary to details, Betdaq support and much more.  Check out the post about it here http://betfairtradingmindgames.blogspot.com/2011/04/results-summary-v2-spreadsheet-is-here.html 
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Following me putting up my Results Summary spreadsheet to download on previous posts, I have been contacted by a reader who has very kindly offered his Trading Analysis spreadsheet for everyone to download. Click here to get it. All he would like in return is feedback and any bugs/problems found so please leave comments on this post and I will pass on any replies.

(Note: the P&L figures are random and not the author's or mine!)

Click on the "About" tab to get info about why the spreadsheet was created and some tips on usage. The spreadsheet works on Excel 2000, 2003 & 2007 which is a real bonus.

You need to turn macros on if they aren't by default on your version of Excel (more on this at the end of a previous post). After you have done an import (click on the red "update" button in the top-left of the screen), the data for that import will be visible on the "Recent Results" tab. You can double-click on a date, track, race type or distance and your P&L will be summarised by that on the right-hand side of the screen.

The level of detail offered by the spreadsheet is fantastic and the more historical data you have on your trading the more use this spreadsheet will be in revealing patterns. The separate tabs for all of your previously imported data (including the current import) can be accessed by clicking on the buttons to the right of the screen or on the tabs at the bottom of the screen. Again, it is summarised by date, track, race type or distance.

I think that the level of detail available here will make it especially useful for in-running punters/traders, for instance, being able to split your P&L by distance or track for a whole season of data could be pretty revealing.

Whilst the distance of a race or track wouldn't obviously be a factor for traders who purely trade pre-race (and don't slip in-play!), have a look, you never know! Don't forget to leave a comment once you've had chance to use it, a lot of work has gone into this spreadsheet so I'm sure the author would appreciate it.

Cheers & Happy New Year!