Wizardgold – Back to winning ways

I have plumbed the depths with the losing the money on that horse race last week but I have been working the 2.5 goal market again and had a series of winning trades. I have been able to increase the betting bank from the low point by a small amount of Euros but a nice percentage. Better to work with a proven profit strategy than to go the very risky route of trying to win back losses too quickly with unsound practices.

19% increase in the betting bank in 3 days of trading

The percentage increase in the betting bank since the low point has been 19% approx. I am happy with that because looking at it terms of percentages makes it scalable to when I have a larger betting bank to work with.

I have been assessing more betting software and of course I make comparisons with BetIE the betting software that I have been using for some time now and find to be very competent. Why look at other software then? Well there is never anything that can be all things to all men (or women), each of the software programs I have looked have strengths and weaknesses. BetIE is a good allrounder and particularly good with the horse racing. Very good options in BetIE for dutching, hedging and basic trading.

For more advanced trading I find that there are other programs that do it better, though mostly it is the addition of a longer trading ladder that makes most of the difference. BetTraderPro I have been trying and I do like the way it works for the trading. The trade off (pun intended) is that it costs more to own or use. You have to either buy minutes of use or pay monthly. BetIE is great in that you only have to buy it once and you have good software that works with good support and no monthly costs.

BetAngel is a pro software that I have as a back up for when I want to do a greening up and BetIE sometimes struggles with that task. I have the free version of BetAngel and I plan to try out the test that is available for 20 days.I will be able to give a fuller report on what I think of BetAngel. It does look to have some great charts to help with the trading as well as the ladder interface.

One I am looking at now it MarketFeederPro. Like BetIE it has a learning mode which I find invaluable for testing out possibilities to see if they will work. It has a ladder interface which I don’t like as much as the one in BetTraderPro, but useful all the same. Another good point in favour of MFP is the fact that you can buy it outright and not have monthly expenses. A negative is that it does cost more than double the price of BetIE. But….. It does have a very interesting quasi programming or scripting that means it can be used to do things automatically. I am still finding my way around this, so you will have to wait to get more comment on this aspect of the program.

With MarketFeederPro you can tell it to look at all horse races for the day and apply certain criteria to the betting on those races. You can set up your own ideas as a script that will run independently once you set it in motion. Obviously while this is a benefit it is also something that could be quite dangerous and hazardous to your betting bank if you get it wrong. At least though you can test it fully with the learning mode though. I have the trial period with this until the 5th of next month so I will be able to tell you more as we go. I have been trying out a set of triggers with the under 2.5 goal market and it needs a good bit of tweaking to work that way I would want it to work. With the horse racing I have been having success with hedging on the favourite. There is a nice thing that sets up a greening up on Betfair trading based on a percentage target that you put into the settings.

I will tell you more about MarketFeederPro in the next few postings here. I suggest you have a look for yourself also. So you can see what I am talking about. There is a nice long testing period, which is totally necessary due to the complexity of the program. More so that you can test things out than you need to struggle with the interface though as it works in a similar way regards backing and laying.

Racing Place

The last 2 days have been profitable for the RacingPlace with just over 27 points of profit reported. Seems like they are getting back on top of things there. The last 7 days shows a profit of 38.28 points which would be 382.80 if you are using a stake of a tenner.