Monday, 30 July 2007

To System or Not to System...

I was looking at how I trade on Betfair and realised that even though I thought I was following a system, I keep going off piste and making trades that look like they may work. I just wondered what you guys did. Do you have a system that you follow or do you go on hunch/experience?

2 comments:

Spudy said...

Could you link me up please?

Thanks

Spudy,

PS I use my own system :)

http://spudysblog.blogspot.com/

OnePercent said...

I don't have a system. I have to say I'm amazed when I read on the BF forum about people's "systems" that they have "proofed on past results", e.g. laying horses that fulfil X requirement and are below a certain price, as if there is some kind of secret forumal to winning! As we all know, past results mean nothing and just because a system worked in the past doesn't mean it will in the future. Every event is different! Sure, there are certain key points where I tend to enter a market, but my only "system" is to back if I think the price will fall, and lay if I think it will rise! Whether it will work in the lonmg run I don't know, but I do know that since I started keeping a blog my discipline has improved immeasurably...