Busy Busy Busy

2009 – The Year So Far…    

Ramornie Day @ Grafton - CRJC July Racing Carnival 15th July 09

What a year we’ve had so far and with Spring just around the corner and so many things to talk about, I thought it pertinent to update our blog for the first time this year mind you. There is only so much one has time for these days.

The first reason for new technology is usually so that we can get things done quicker, more easily and more efficiently but the way I see it, the more time we free up,  the more we jam it full of other stuff to do. Doesn’t make sense.

Twitter, Facebook, Blogs, Websites – all that and maintain the members and day to day running of the company certainly all add up and it is not uncommon for me to put in a 14hr day. So I apologise that my posts have been sporadic.

The Good Stuff…

The new update release early this year has proved to be a bit of a star. While not the holy grail mind you – they really do not exist – it has made plenty of people a fantastic income andgiven many others hope that they will one day be doing the same with the appropriate training and time put in.

Our Byron bay office has been great. Lots of visits from existing clients even all the way from New Zealand and several inhouse demonstrationswhich is a bit different from the normal faceless variety over the internet.

The new website was launched early August which looks a treat and has many features not available before now, such as live support and instant chat so that website visitors can chat freely without have to give up their details. It is certainly a shame that people are left to feel that they can not trust anyone enough to do so with confidence but that is the way of the world today unfortunately (I will talk about this more in the next section).

We have received many testimonialsand good reports from our members and that makes our job more than worthwhile. If I wasn’t getting such feedback, I wouldn’t bother keeping the doors open. One such member reported a profit of ‘$5008 in 10 days’ which is an absolutely fantastic return on his investment. Seeing as though Bettortrader doesntcost much more than that, the potential is huge and the speedy ROI is great too.

We have started to do weekly webinars (online seminars) which have received great response and will now be another integral part of our business. It’s great to be able to share our knowledged with each other and adds even more to the community driven aspect of what we do. The webinars have been recorded and will be used for our video tutorials.

People love the transparency of Bettortrader and the members group chats through Skype, the members forums and now the webinars on top of the usual one on one training every week all go toward being able to learn sooner rather than later exactly what it takes to make consistent returns from this market.

Bec and I are having another baby. It was all plain sailing until this week when Bec had a threatened miscarriage. It was incredibly scarey and life is currently hanging in the balance so to speak. So it’s been all rest and no play for her. I get a bit uppity when she starts talking about doing the washing! Stay in bed I say. Hopefully all will be ok. Only time will tell.

Sponsoring the Clarence River Jocky Club was a definite highlight of this year. The horses starting wearing our BT saddle cloths during the CRJCJuly Racing Carnival and will do for every 2nd race for the next 2yrs.

‘BorshasMark’ with BT colours parading in the yard before the James KirbyThe strappers also wear our vests when parading the horses etc andwe have sponsored the barriers with our signs viewable on all races less than a mile (higher distances have the front view which is sponsored by XXXX Gold). 

'BorshasMark' with BT colours parading in the yard before the James Kirby HCP

It was an honour to have our colours on the horses for the Sir James Kirby HCPwhich is a time honoured race in Grafton with lost of interesting history. It was won this year by Borshas Mark with Stathi Katsidis riding in fine form. Bettortraderperformed extremely well over the two days. We had a marquee set up with Bettortrader running live on a big screen.

Kev and Bec in the Bettortrader marquee

We had a prize draw for a Bettortrader package, complimentary champas’ and lots of people to talk to. It was a lot of fun and I cant wait to do it again. They are a lovely bunch of people down there.

Kevin Riddell announcing winner of the Bettortrader package

Putting Bettortrader on the spot in front of 4000 odd people on Ramornie Day andthen the next day for the Grafton Cup with 10,000 plus people on track was refreshing for many and the feedback was great. “very ‘gutsy’ of you” said one old chap, “you must be confident”. Yes, we are – very.

Borshas Mark winning the James Kirby HCP well ridden by Stathi Katsidis

The Bad – The Blade Of Grass That Sticks Up, Will Be Cut Down…

There is very little bad within the company and our lives in general. All but for one thing that seems to have no end. The malicious, defamatory internet attacks have not stopped.

Last year I made the decision to just not look at any of it. It was depressing me and my family and interfering with my business. I have been discussing our options with lawyers for the last 18mths and happy as the perpetrators would be to hear, we have not got far.

Being the sites in question are hosted in the U.S, we have no hope of getting anywhere with any of them unless we go to the U.S to fight them. There are new laws which state that they may have to come here for it to be heard but that is still being looked into.

In the last 2yrs I have spent well over $200,000 on building the software and positioning the business in the way it is all to have some lowlife attempt to tear it down.

Either he wishes he had what we have or he has had a tough time competing on a level playing field because we do a hell of a lot for our customers and we dont charge the Earth for it. For those who are selling lesser products for tens of thousands, it must be damn hard.

The trouble with the internet of course, is that people can hide quite easily behind proxy servers and false names, overseas webisites etc and there is not much that can be done to find them without extremely deep pockets.

There is even a site that has allowed someone to threaten our lives and to do nasty things to my wife! This is absolutely disgusting andit has not come for anyone associated with my company be it members or otherwise.

It has been heartwrenching to read these things about myself and see the things that are plastered all over the place. Here is one such link and you must cut and paste it and add the actual dots yourself where it has the word dot as don’t want to give them an incoming link - 

http://wwwDOTozripoffDOTcom/report-view/167-kevin-riddell

  

ozripoff report. Lovely stuff, isn't it? Police investigations have commenced.

The support from the members has been tremendous – overwhelming in fact and that has been the most humbling of things to experience. The posts remain however and for those who read it all and do know any better, it then costs me my business,  my peace of mind, our family security and more.

The stress of working so hard for our members and working so hard to build an ethical business only to have to try and convince people daily that what they have read is rubbish – I can not begin to say.

It has been horrible and almost enough to want to get out much to the dismay of our customers. I can always go home and make my $2,000 a week off Bettortraderwithout putting up with this crap I can tell you.

I work too hard to be a scammer and everyone who is onboard with the business knows only too well that we bend over backwards for everyone. I wont be beaten though, not by this scum. The above post – if it is still there – has been reported to police andwe will see how far this goes. I am also trying to get coverage with Today Tonight, A Current Affair and al the papers. I am going to  make some noise and flush this person or company out into the open.

The bottom line is this really and I have said it over and over. If anyone had a serious enough complaint that they would come to and burn our house down, it would have gone legal with complaints made against us with Department of Fair Trading, ASIC etc which there hasn’t.

We would not work as hard as we do and our members would all be up in arms. They are but not about us, about these so and so’swho are doing everything they can to ruin us. Before you believe what you read, do yourself a favour and stop to think. Why are they doing this? Why is it all anonymous? Why cant they be contacted? Where is the substance?

Bettortrader Horse Racing Software Results – Year To Date 22/10/08

The image below shows my year to date results. The main types of investment have been a mix of manual and automatic trading with win and place being the most common investment on manual and relying on the automation for multiple type investments using Betlogic.

The main question people ask is how much was the starting bank at the beginning of the year. Although this question is completely understandable, the point is that, each day everyone starts with the same $1000 day pool regardless of the total bank size. It may be the entire bank if only starting with $1000 or it could be a portion thereof.

The changing denominator here, is the percentage of that day pool invested. When using the auto-trade with a bank of $2000 or more, the investment is 10% of that $1000 daypool. This means the first investment would be $100. Being that we are compounding, the subsequent investments are result based. If after 30mins we have accumulated a daypool of $1500 due to $500 profit, our next investment will be $150.

The total risk is whatever our stop loss is set to which in my case is always $295. Conversly, if one was to only start with a $1000 bank, their outlay would be 3% with stop loss, targets and strategies taylored to suit.

We want people to have the best possible chance of attracting the best possible profit so a $1000 bank never really excites us and the results of such would not excite anyone looking to trade full time. Nevertheless, those who are looking to make just enough to top up their weekly income would more than happy with the results and could expect to make around $50 – $100 per day.

So as you can see, the softwares total outlay and return for the year has been self sufficient. The risk each day has been -$295 stop loss followed by a floating 11% stop, with an uncapped target and 10% outlay of a compounding $1000 daypool. To follow on from this, at the end of each day I will post our daily trading results using BTV7 and the above money management rules.

Regards,

Kevin Riddell

Automated Racing Software Results – Year To Date

Now this is what I’m talking about…

Full Auto - $1000 daypool each day. Investing 10% compounding.

Trading To Win On Horse Racing

“What does psychology have to with trading?” one might ask. “Everything” is the answer.  “What does trading have to do with horse racing?” may the second question to arise when used in the context of this blog. Again, everything. The same disciplines both physical and mental, must be applied to earn any long term returns in any market.

Did you know that Australia …

•  has more racecourses than any other country (479)
• has the second largest number of individual starters behind the USA (31,639)
• accounts for 13% of the total races of leading racing countries
• offers the third largest amount of prizemoney in the world (331,472,66)
• accounts for 8.29% of total world purses
• Around 22,000 races are held each year and that averages 60 races a day
• The racing Industry contributes to State and Federal Governments and has a direct economic benefit to the Australian economy.

Some flashy figures to take on board:

2003/2004 

• The TAB accounted for 75.3% of total wagering turnover compared to 24.7% by bookmakers.
• Australia’s Wagering turnover for Thoroughbred Horse Racing for 2003/04 totaled $11.15 billion, an increase of 5.5% on the previous year.
• Off-course wagering increased to 85.68% of total wagering. New South Wales was the leading wagering State accounting for 34.71% of total wagering.
• The TAB accounted for 75.3% of total wagering turnover compared to 24.7% by bookmakers.
• The total betting turnover was $14,653,982,458

2006/2007

• Wagering turnover on thoroughbred racing during 2006/2007 amounted to $12.85 billion
• New South Wales remained Australias leading wagering jurisdiction, accounting for 29.4% of the total thoroughbred wagering turnover

As long as there is racing and laws permitting the ability to invest/gamble/wager on these races, there will be the opportunity to profit with the right toolkit.  Just as one may use many tools such as technical analysis through the use of software and charting tools as well as fundamental information to profit from share trading, someone wagering on racing can use very similar tools.

How does one trade technically on racing? In day trading shares or Forex for instance, we may have a ‘fundamental’ idea of what trades we would like to make but by large, it is all about what we see in front of us in the live market will drive our trades. The same goes for racing. ‘On-the-day’ conditions can blow the fundamentals out of the water. There are several consistencies to be aware of in ths market and it those we capitalise on.

On the day, those with the most accurate information will invest accordingly and it is that movement that we are most interested seeing in when trading in almost any market. There are many ways to see such when lookng at pools associated with racing and the most common way is simply looking for ’shorteners’ in the market. The main problem here is that one does not typically know if it was a move due to big money or just pool dynamics.

This highlights the importance of being able to see the money. With most programs that use Bettordata such as Bettortrader for instance, there are a series of calculations being performed by the software that give an approximate dollar figure of how much money came in at a given time.

On the Melbourne Cup in 2006, the rise in the flow of betting on the winner Delta Blues in one hit in Unitab was huge. At around 120seconds out from start time, the flow of betting jumped from around $1700 to just under $30,000. This method of selecting is easier for some than others which is why Bettortrader became fully automated in December 2007 and has been undergoing constant development since.

Using many criteria that have been passionately formulated by us through hands on experience in the live market, the software uses stop loss and floating stop loss alerts to manage your position in the market, protecting your profits and your reserves. This also means that the software can be set up to trade for you. Now, when I say auto I really mean auto. Set it up and walk away. The results are outstanding and will be posted shortly.

As far as the mental side goes, it’s like anything. If youwant to gamble, walk out n front of moving traffic. If you want to take an educated risk, use the crossing. They both have an element of risk but one is of course smarter than the other. One can gamble with anything and if the simple rule is, if it interferes with your life in a negative way, give it up for a while and get help.

Some have an addictive personality and trade just for some sort of activity or lack of it. Some do so for some kind of strange kick or high. If this is you, stp trading. You will not make money in the long term. You will surely only have spikes of success with losses long forgotten seconds after they happen.

It is really all common sense. An addictive trader will not manage risk or stop when they are losing. That is because action not profit is the goal. Good traders trade actively. Addictive traders over-trade.

Don’t be an addictive trader. Be alert. Check yourself. Get others involved. Don’t be alone. Join a community of like mnded traders such as we have with the Bettortrader members. Share your knowledge and absorb others. We should all help each other in our plight to break free of the norm and have the things we deserve and trading on thoroughbred, greyhound or harness racing is one way to do it as long as we do it intelligently and support each other along the way.

Peace.

UTR Horse Racing Tips Score Again

Under The Radar has been a complimentary service to our members for the last 2 years and prior to the development of the members area and forums on the BettorTrader site, they were sent out in a Group Chat to all members. Now with the members area, they just log in and are able to print the selections or save to desktop as a pdf. UTR is based on many things from recent form to consistent place getters that offer remarkable each way value.

The Bettortrader members use them mostly in conjunction with the software. If we see the top rated runner in Betlogic (the automated systems within the Bettortrader software), we may be able to attract more value by standing out that runner.  Below is an example of UTR…

UTR 20080920

The above is one meeting out of the day. All major meetings are covered. The Bettortrader software also has an electronic black book built in to keep a record of outstanding winners and place getters. This is also referred to when making the final selections for Under The Radar. It is inevitable that one would get to know those one can depend on for a good race with great value, with so much time paying attention to the market.

The strike rate is usually around 50% for all meetings and very few selections are favourites. Going back to the 17th May this year, UTR had Grondie on top who won at $36.40! (Even more impressive is that it was also the Bettortrader Betlogic top rated runner and there were more than one happy little vegemites on that day. I still like to go over the Skype Group Chat from that day and show people looking at the software.

A New Era In Horse Racing Software Approaches

A lot has happened in the 3 years since Bettortrader was first officially launched. Being we’ve never succumbed to selling it as a get rich quick scheme, we have had to work even harder to gain the trust we have in the market place and with our clients. Rather than sell on dreams and hopes, our philosophy has always been to inform the public to best of our ability, of all that can and can’t go wrong and all that is involved in profiting in this area using tools such as ours and to base our presentation on facts and experience.

When we first started, the software was much like any other that uses Bettordata. It was incredibly simple in its design, displaying the dollars in each TAB from 60mins prior to start time until the jump. The main aim with this type of program is to learn how to follow unusual trends in the betting and as many say, ‘follow the smart money’. These programs will be reported as having major insight into where the smart money is being placed… and they do. Ours does as should any that uses Bettordata.

The main problem we always found with this is that not everyone is so switched on to that type of analysis, that they can consistently profit with it alone. Some companies teach methods that rely on picking $2.00 place bets while looking for indicators in all 3 TABs. While I have always agreed with 3 TAB indicators the fact is, there are too many races that are not so clear cut and the onus is 100% on the user to make the right choice or fail trying.

Most races will have more than one runner to look at and then it becomes open to interpretation. You may make one selection and I may make another. Bettortrader has led the way teaching this method through our many years of hands on live trading and helping to minimize the risk but there is so much more. For the last year we have been perfecting our fully automatic software with the first release in December 07 and while in testing for the last week of or latest update, I have been absolutely beside myself.

Today being a Monday, would not typically be a day we would get too excited about. Now for the fourth day in a row I have run on full auto and not seen a losing day amongst them. Using extremely conservative money manager settings, Friday stopped out with $215 profit. Saturday stopped with $183. Sunday with $484 and today Monday 29th with $464.80. That’s $1346.80 in 4 days! Sure beats the current share market.

So the testing continues and really will never end. There will always be new technology and new ways of doing things and we are always there at the forefront.

A new market for new times

If you had purchased $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 left of the original $1,000.

With WorldCom, you would have less than $5.00 left.

If you had purchased $1,000.00 of Delta Air Lines stock you would have $49.00 left.

If you had purchased United Airlines, you would have nothing left.

If you had of started using Bettortrader at the same time with a $1000 bank, you could have potentially made over $35,000 (based on actual user starting in January with a $1000 bank).

Want to have a look at something different?

Check out the site

The BettortTrader Blog Starts

Currently at the NZ Business Opportunities and Franchise Expo in Auckland

Talking about the10 Key Benefits of BettorTrader

Did You Know?

Bettortrader is an unrivalled Australian horse racing software package, backed up with hands-on training and support, to help you profit from the professional racing industry in Australia, New Zealand and beyond.

Ten Key Benefits of BettorTrader 7.0

1. Unique one page live data screen - simple and no fuss to use
2. Industry-beating 14 day cooling-off period - no risk to find out if it is right for you
3. Money management - your capital is protected by system settings
4. Profit targets and stop-loss - protect your profits and your bank
5. Betlogic electronic black book / financial diary - track your progress and results
6. Comprehensive Training and Support - get the support you need to learn to trade in 30 days
7. Place money direct to all TABs - access all the markets in Australia, so you can pick the best returns
8. Betlogic™ instant selections - an expert system to help identify opportunites to trade
9. Betlogic™ Autotrade / Papertrade - operates automatically with money management rules and profit targets
10. Members area with client support forum - a community of users who use the the system to reliably produce returns

Like to know more?

Click here for more information about our Guarantee and our free, no risk, no obligation demonstration.

Wanting to Visit the Expo?

The NZ Business Opportunities and Franchise Expo has been running for over 15 years and is sponsored by Westpac and endorsed by the Franchise Association of NZ Inc.

AN EXPO FOR EVERYONE

DATES and VENUE
Auckland – ASB Showgrounds, (213 Greenland), 15th, 16th & 17th August 2008
Wellington – To be held 2009, dates and location to be confirmed
Christchurch – Convention Centre (95 Kilmore Street) , 28th & 29th June 2008

OPENING TIMES
Doors open at 10am to 4pm
Seminars start at 10.30 and run daily every half hour.

ADMISSION and REGISTRATION
On Entry or Online.
You are welcome to return anytime during the next two or three days for free once entry paid.
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(children under 16 free if accompanied with an adult)

FREE SEMINARS Daily
View seminar schedule for times
Seminars cover topics like;
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