Just read this post by Leonthefixer on the RacingTraders forum
The vast majority of people trying to trade could quite easily learn on Betdaq. They wouldn't be able to use BetTrader obviously but there are other aps out there. The bigger traders can't make the move due to the chicken and egg situation but what is stoping the small time traders and the new traders? Without the big traders there you might actually find it easier - is it that you only actually ever hear about Betfair and THINK that is the only place you can trade to make money. I can tell you it is possible to make £100+ a day on Betdaq.
Might be worth looking in to as I only want to make £50 to £100 a day
Subscribe to:
Post Comments (Atom)
I've tried on betdaq before, I didn't really give it much of a chance as I wasn't being charge the premium charge so it didn't bother me.
ReplyDeleteI might be tempted to give it another go if things change and I start getting hit.
Leon continually hopes people will move to Betdaq but won't do it himself, that should tell you something. If it's possible to win 100+ on betdaq it follows it's possible to winn £500 on betfair. Traders need liquidity not the other way round.
ReplyDeleteAny small time trader trying to make it on betdaq is in for a shock
Your comment will be visible after approval.
ReplyDeleteThanks I'll give this blog a miss
Bet Angel has an almost exact copy available for Betdaq which is free. Can't see why more people don't trade on Betdaq. The liquidity isn't that bad any longer.
ReplyDeleteThanks will take a look, I can use their free £25 sign up bet offer to make a quick £20 if nothing else...
ReplyDeleteRe comment moderation, I hadn't even thought about it, that's just the way it was... Is now off.
You may be interested in this you tube video: -
ReplyDeletehttp://www.youtube.com/watch?v=IaKkKbGCn2M
Keep the moderation on or else people can type in words like ******, **** or ******** before you see them! Better to have sensible comments than people who are afraid to be moderated.
ReplyDeleteyeah, I guess you are right...
ReplyDeleteAll the other trading blogs do seem to have comment moderation
http://www.youtube.com/watch?v=IaKkKbGCn2M
ReplyDeleteThanks, that's what I tend to do on low liquidity BF markets or if there's a long time to the off.
Hi, just looking around the blogs and saw the comment about me so thought I should reply.
ReplyDeleteI have traded on Betdaq and was able to make £50 to £100, but when I tried to up my stakes to get to what I now consider my daily average it was just not possible. I know I used to be happy making £100 in a day back when I was doing the blog fully but things have moved on for me and I would hope to make considerably more each day now. But to make those amounts I need the liquidity which just isn't there on Betdaq.
Of course a move by everyone to Betdaq would be to my advantage as it would mean I don't have to pay Premium Charges (assuming Betdaq don't adopted them) however it is of benifit to everyone for their to be competition in the trading market place. Yes Betfair do a good job but they could do a whole lot better and have now set out their stall and that is that profit is number one.
Gone are the days of Andrew Blacks vision, it is now run by the accountants and with a float on the cards and in turn shareholders to please they will be screwing us all for more in charges. It is clear to anyone trading the horse markets that people are movign away from them. Liquiduty is down massively as people change stratergies. This will make it harder for everyone to trade.
So yes I want a move but I want it for everyones interest not my own. I have tried it and found £50 to £100 was possible each day but much more than that was not possible. Therefore I can't carry on giving it a go.
But for the likes of Cran using small banks and small stakes and where £50 to £100 would be good it is possible and perhaps easier as the 'sharks' aren't trading there.
You can run Bet Angel for Betfair and for Betdaq at the same time so can still use the grpahs etc to help you trade but instead of clicking on Betfair you click on Betdaq.
I would be keen to hear your reply to me anon.
Leonthefixer.
Hi Leon,
ReplyDeleteThanks for replying.
It good to know that it is possible to make £50+ per day, although if it is easier to make larger amounts on Betfair I also may get to the stage where it is easier to trade betfair, i.e. make the £50-£100 after premium charge by doing less races than it would take on betdaq.
If you can make £50 a day from 2 races on betfair why would you spend 10-15 races on betdaq.
Will have to see, I'm not even near that level yet, I can quite easily lose £30-£50 a race, but winning more than about £2 is hard work...
I haven't traded betdaq yet, but I will give it a try over the next few days and post some feedback on the blog later in the week...
I will use probably use the BF market overview charts whilst trading the BD ladder.
Cheers
Cran