This week I’ve been talking to another full-time trader who got in touch via the GeeksToy forum, you may have seen his posts – ‘acg’.
When I first heard somebody traded the greyhound markets for a living I was a little shocked due to the lack of liquidity most of the time but, having thought about it though with the huge amount of greyhound races on each day its clear if you pick up a very small average its possible!
Today saw a whopping 91 races! Kindly he’s offered to tell us a little bit about his time trading Betfair, here’s what he had to say…
“My name is Ghenu Catalin Alexandru im 30 and have been trading dogs for 6 years. In Romania our average salary is 200-300 euro a month so for me trading is a good opportunity. I trade 4-5 days/week, 6-7 hours/day but in past I was full-time here. I will give few tips for those who want to give it a try but as you know there are many ways to milk a cow. Is quite easy once you get it but have to keep discipline.
There are some things you have to recognize. For example you have to recognize if market is good for swing or for scalp. Im trading just last 3 minutes and for example when time is 1 minute or less is sure thing that you must look for chances scalping, in past swing was more often but now I find scalping easier. Placing small bets outside of the prices often helps late before start. Also pay attention to bookmakers odds (racing post website is best) they tend to correlate and also looking for young pups is an advantage as they are backed heavy as punters know they win a lot of races.
Each meeting has a slightly different style of betting (for example on Hall Green you will see heavy gambles on young pups, on Crayford you will see a lot of times that they bet under bookmakers odds, on Sittingbourne and Kinsley you will see low liquidity and you have to use smaller stake). On dogs stake should not be more than 20 (I would advise between 5 and 20 and if you see something good just click more times) but if you just started trading on dogs, 2 should be your stake until you start have a feel about because prices move fast. I would also advice anyone who wants to make a living from dogs to record his trading and then look at what he did good and what bad. Some things repeat race after race.
With right discipline it is ok to make 2-3 euro most races for me. I need to take break though as for long periods to keep focus is very important”
I’ve traded the dogs occasionally myself and find it tough to keep focused myself as im aware there is more liquidity on the horses although the concept is the same – just on smaller stakes with thinner markets, it’s probably quite a good place to dabble even if you plan on trading the horse racing markets.
I find the approach of targeting specific tracks quite interesting as it could be a good way of avoiding getting in trouble in markets you know aren’t for you and maximising on the ones that are, much like the Irish racing on the horses for me. It’s probably the only other sport I can think of where the pre-race markets behave similarly to the horse racing. Here is an older clip of me trading the dogs. I may have to take another look bearing in mind what our full-time dogs pro has said…
If you want to check out or even question acg yourself you can do HERE in his challenge thread on the GeeksToy forum, he’s been updating a fair bit recently so you can see what is possible! I think for the stakes used it’s really quite impressive, fair play and thanks for taking time to share Catalin!