Zero Risk Trader Day 11
28th August 2013
Sgt Flavell – Reviews Zero Risk Trader
Hi bettingsystemtruths.com readers,
This is my eighth full day of paper trading.
| Odds up to 7/1 | stake 10 points e/w |
| Odds from 15/2 to 16/1 | stake 6 points e/w |
| Odds from 16/1 to 25/1 | stake 4 points e/w |
| Odds from 25/1 or more | stake 2 point e/w |
These bets are made with a (traditional) online bookmaker and backed up, to complete the trade, on an exchange such as Betfair.
Shown below are today’s trades, refer back to earlier posts for the trades made on earlier days.
Seven trades were tracked today. One was a non runner, four broke even and two returned a profit and are shown in the table below.
Yesterday, a point I missed from the review, 200 points were withdrawn from the (traditional) bookmaker accounts and deposited in the Betfair account so that I could continue to trade. I should also add that earlier in the week I needed to withdraw 100 points from the Betfair account in order to fund tw0 new bookmaker accounts.
Reading an article yesterday on what causes bookmakers to close or limit accounts. The article argued that making withdrawals was one of the main reasons because (1) bookies have to pay bank charges (2) bookies think that this money is no longer there to be won back. There is no doubt that this Zero Risk Trader system will win money, the important question is whether it is workable given that it relies, to some extent, on money being withdrawn from the bookmaker accounts and recycled through the exchanges. For this reason I am tracking carefully the movement of monies between accounts.
A small profit today, importantly, following on from the above paragraph, the Betfair account grew by 29.08 points.
| Date | Time | Course | Horse | Betfair lay odds | profit | Bank total | comment |
| 1087.43 |
carry over bank |
||||||
| 28/08/2013 | 17:30 | Ripon | Tax Reform | 5.9 | 2.86 | 1090.29 | |
| 17:30 | Epsom | Vasanta Navarari | 6.2 | 5.06 | 1095.35 |
*profit and Bank total rounded to the 2nd decimal place
Let me know if you want different information included in the daily reviews or if you have any questions.
[Click here to see Zero Risk Trader]
Regards,
