Zero Risk Trader Day 2 & 3
20th August 2013
Sgt Flavell – Reviews Zero Risk Trader
This review covers Monday 19th and Tuesday 20st August 2013.
Hi bettingsystemtruths.com readers,
During the first 3 days of this review I wanted to (1) get experience with using the software (2) find out how many trades the software reported and how good the trades were (3) understand the system, if it is likely to be profitable and any problems can be identified at this stage.
The software is easy to use.
From my use of the software in the first 3 days it generated a good number (18 on Saturday from approximately 30 minutes use) of zero risk trades, some of which were of high quality. An example of a zero risk trade from Monday 20th, and there were even better ones, was a 10 point stake for the total trade resulting in break even if the horse was unplaced, 7.38 points if the horse won and 7.52 points if the horse was placed.
I was initially concerned about the dynamics of this System in that it appeared to rely on movement of money from the Betfair account to the (traditional) bookmaker account. This would require monies to be withdrawn from the bookmakers for the purpose of recycling back through the exchanges. The manual describes how great care is needed when withdrawing monies from the bookmakers which seemed to support my concern.
On reflection I am not sure about this dynamic and it needs to be tested.
Enough about the system, lets start paper trading …
The initial bank is 1000 points with 500 points of this in the Betfair account. The manual suggests this (using £s for points).
The remaining 500 points will be used to fund (traditional) bookmaker accounts as and when required or ‘top up’ the Betfair account.
Using the staking ratios in the manual and choosing stakes that don’t threaten the balance:
| Odds up to 7/1 | stake 5 points e/w |
| Odds from 15/2 to 14/1 | stake 2 points e/w |
| Odds from 25/1 or more | stake 1 point e/w |
In my earlier posts I have referred to these stakes as the ‘main bet’, there will be other bets to complete the trade the stake for which is calculated from the ‘main bet’ and the odds.
At any point in the review the results can be recalculated for different stakes if I feel that I have been too conservative or too aggressive. The stakes can also be changed when the bank increase.
The results table will show the amount of points in each account following a race traded on using the trades generated from the zero risk trade program. Columns will be added to this table as and when a new bookmaker is used. I have an ‘odds’ column so that the reader can calculate what stake was used and also so that we can see what affect the odds have on the profit (if any). I have added a ‘Race time’ column so that I can work out liability from the lays held at any time. This is important information if we want to look at the trades and profit for different stakes, it might be that if we increase the stakes some trades in the sequence will no longer be possible because the liability of all the trades currently held would exceed what bank is available to back them.
| Date | Race time | Betfair | unused bank | profit | odds | comment |
| 20/08/2013 | 500 | 500 | ||||
The odds will be those taken 30 mins before the off (or as close as possible) as reported by the zero risk program.
[Click here to see Zero Risk Trader]
Regards,
