I would like to join this, was thinking of getting a new betfair to play around trading anyway. Am away for two weeks at beginning of July though so may have to give the first month a miss and maybe join next time if it is repeated
I've never used BetTrader so will be interesting if we go that route.
I've got a busy time coming up so will be looking at markets I can trade outside of normal hours. Maybe aussie horses, US sports, Big Brother?? I dunno, anything that doesn't happen when I'm at work or when the kids are awake!
Well I think BTP is the best standalone software there is for betfair so it'd be a great chance to at least try it out and see how you get on with trading. If nothing else it'll give you a nice tool to add to your toolset for hedging off matched bets / arbs on Betfair easily in real time
Regards the timeframe issues that a few people have mentioned including:
Originally Posted by Super_Dash
If this starts after July when i'm back off holiday I think i'll jump in on this.
I think a full month - all the way through July - would be an ideal timeframe to have especially since July is probably the peak time for the horse racing calender. A month is plenty of time even if you take a 2 week holiday you still have a good 2 weeks, 50(?) horse races per day, that's over 500 races to trade on!!! Plus even if you're at work 9-5, you still have a good 20-30(?) races of an evening to get stuck into.
Originally Posted by Procrastinator
One other thought - So that people can play with whatever stakes they feel comfortable, maybe measure performance on % return? That way no advantage to a bigger bank roll?
Originally Posted by wndllll
I've not used any of the trading software before so don't really have a clue what I'm doing but I'm sure I can set a little money aside to have some fun with.
Originally Posted by roadrunner007
Prob set aside £100 like everyone else!
Originally Posted by ajdj
Beginners to trading should be aware that they are obviously risking their starting bank, so don't start with anything you can't afford to lose!
I would like to know what people think about starting floats for this. Ideally I would have thought it'd be best to all start with the same amount, one single deposit of one amount. Then at the end of July whoever has the highest final balance is the winner.
So if anyone who's shown an interest or is about to indicate they're interested in this can you please say how much you can comfortably afford to have as a starting float, I'll add that to the list in the first post and we can perhaps take the average total to the nearest £25 perhaps as the starting float?
Good idea to start with same float I guess. We could just do a percentage increase (or decrease) but same size float makes it easier. I'm happy with £100 and that means £1 per tick when trading below evens and using your whole £100.
I think a lot of people were either thinking of doing this, or already doing it. This just gives it some structure for the official challenge.