Keep up to date with all things Bettortrader at http://www.facebook.com/bettortrader
The year has gone really well for our members thus far. Auto was up and down earlier in the year due to many market conditions out of our control but with some adjusting and back testing we were able to see some good consistency and while the figures are down on last year, for a fully automated system, it sure isn’t a bad result so far.
We have had so many good days trading manually that I dont really know where to start but in answer to the many requests from both members and visitors to the site, our manual results page will soon be finished. The Autumn Carnival was huge! We easily picked first and second in the Group One Coolmore Classic (see image below) with Alverta 1st and Gold Water 2nd and both
at huge odds which meant an easy $1000 plus day for most on top of all the others selected for the day and that was only outlaying each way with $10 win bets and $50 places. The members needless to say, are extremely impressed overall and the feedback has been great. To be honest, the satisfaction of the members and the support we get from them is the only reason we are still in this industry.
Several members made it to my 40th from far and wide which was just a few weeks back now. It was a pleasure to have them there and quite flattering to say the least. The above image was given to me by my mother who is very good friends with the well known cartoonist, Roger Fletcher who does Staria and Torkan in the Daily Telegraph. I was most impressed I must say.
We are gearing up for a big carnival at Grafton again and anyone interested in meeting face to face is welcome to join us in our marquee with us and some members no doubt. We will have nibblies and champaign (ahem, sorry France – thats sparkling wine… my mistake LOL) on the stand so just turn up and we will look after you as we did last year of course.
We are now advertising on Sport927 and many would have heard the adverts. Some of our members were happy enough for Sport927 to record some audio testimonials which have been airing each day.
Our major update is well under way now which will include single click betting to some of the corporate bookmakers which means fixed price odds which really excites many of our members who would likem to outlay larger amounts of money and we will also then release our 24/7 betbot for Betfair trading and hopefully all this will be by Spring Carnival time.
It seems we are yet to see results in seeing the company or individual in court who is responsible for the underhanded commercial sabotage meant to harm our business and family lives as seen on Ozripoff but there is a class action under way and some very intersting information has come to light that suggest it is actually owned by another comany in this industry who provides a sports arbitrage product.
Given that I dont want to end up with the shoe on the other foot, I will not mention names here until it is all finalised but at least we have now indentified parties in Australia to answer for the site and that is going to make legal proceedings that much easier.
It hasnt stopped us doing business though much to the dismay of those whose business we take, no doubt. Anyone with any sense can see the unintelligent posts that my four year old could write better, are just a personal attack and wreaks of jealousy and envy.
There is no fact, no figures and all posts are anonymous. The site asks for no verification and no proof at all as to the posters claims and the whole site is abhorent. Looking at some of the other posts where people are accused of being pedophiles, prostitutes and it goes all the way to people like the heads of Westpac and Telstra. We even had one threatening to burn down our house and do things to my wife. Nice!
The one thing that consoles us is that, if we are getting the business then we know people are safe from falling for some of the far less scrupulous operators, have our guarantees to fall back on and would never be sold based on dream selling rubbish but have bought because they saw a great software with great support.
They most likely also spoke to some of our members in their area and can put two and two together and see that for a company to have lasted as long as us, we must be doing something more than right for our members.
A quick Google search for ‘Ozripoff scam’ will show some more info on that site that I wont go into here of course. Who would dare say they are extortionists and run by a company out of the Gold Coast – a competitor too! And who would have thought they would ask me for US$6,000 to ‘investigate it’. Hmmm, the mind boggles.
A scam that works by pinning people to the wall and then asking for a large some of money to make it all go away. LOL -not from me you wont! I agree that many probably deserve to be on there but I do not agree that people should have to pay one red cent to prove they are innocent nor do I believe people should be allowed to make claims without hard evidence that they speak the truth.
Our focus is on our business and our members however and we find comfort each day seeing them do well and make money by following the rules and keeping it simple. There have been few failures this year and the ones who did really had no business buying in the first place.
I have no time for people who wont do their training and would rather gamble their money away by stabbing in the dark. The service is there to use and it is at a level that is hard to come by. If one wont use it and put in some effort, then why buy it? It just doesn’t make sense but then, common sense isn’t so common these days. We need thinking people. We dont need desperates with no money and no sense.
Anyway, another big Saturday tomorrow so I am off to have my dinner and rest. Last saturday was huge with most making their easy $1000+. Here is my own report for the day. Until next time. Adios.
PS: Another great day today with many members making over $800 on full auto – thats right, unattended. That makes around 2k for the week – just auto betting. Here are some chats from a couple of members and also a quick shot of the group chat…
So much work, so little time and all this social media stuff can really take up a lot of it. We prefer to spend it with our members so p[lease excuse me for the lack of frequent updates to blogs, Twitter, Facebook, smoke signals, carrier pigeons etc etc – LOL!
Everything has been going really well in BT land. I haven’t posted to this wall since October 2009! OOPS! Well, what has there been…? Ok, Spring Carnival. OMG… what a time for us. The only time that is more profitable or on par with it is the Autumn Carnival which is upon us now of course. To be honest, I actually think it is more profitable overall.
The Spring Carnival revolves around one big week and in preparation leading up to that week or two before, the money can be just a bit harder to sort out. Melbourne Cup Day saw a MASSIVE profit on auto of just under $2k. One member in Perth pulled the pin a few races before the Melb’ Cup to finish with just over 2k – fully automated. The race just before was a loss which stopped us out with around $1800. Not a bad days work but for those using key indicators to identify standouts, it was just unbelievable. Some made well over 2k, some over 3k and much more but everyone did very well indeed.
We have sponsoring more race meetings and become much more involved with our local jockey clubs. In particular, the Ballina Jockey Club and the Clarence River Jockey Club. It’s flattering to say the least, to have passed the ‘acid test’ if you like and be accepted as one of the few above board companies in this industry with a more than viable product to have our name associated with them.
The amount of educated punters, traders and racing folk in our member base is growing substantially now that they can see that its not the piano as such that matters but how we play it that sets us apart. A well known local bookie for instance is having great fun and showing fantastic results. I must say that as a baby in terms of fundamental racing knowledge ie form, trainers, breeders etc, I feel extremely humbled to be teaching someone who has been in the game for the better part of his life and a bookie for 35yrs or more.
We put on the Bettortrader Boxing Day Cup which was a treat and having a marque on course for the Coolmore Iris Neilsen Day was more so. Seeing Takeover Target in the flesh and getting to chat with the lovely and most humble Joe Janiak was an honour.
Auto trading has bitten the dust this year and fortunately, there aren’t that many who rely on it full time. There are many reasons for it no doubt and I wont get into to the lengthy details here but the hot Summer, unusual conditions etc are a part of it all. It is definitely turning back around though which is great and for those adjusting their settings to suit have still done quite well. Its those looking for the Holy Grail ‘set once and leave it forever’ setting that haven’t had a good year on auto.
In saying that, the standouts have been huge and often at very big odds (its how we play our piano, remember?). Taking last Saturday for example, in Brisbane we backed Growsir, Citywyse and Bavagna to name a few. In Sydney there was Night of the Generals, Masquerader, Alverta, Gold Water and Descardo. In Melbourne Melbourne there was Domesky, Elumino, Fanjura, Electromotive and Morgan Dollar. These are just to name a few for those in the know. All were fantastic value and all taken each way at a 1/5 ratio for the stake. Have a look at the screen shots here and you will see the transaction report from the Bettortrader software and also my actual TAB account for the day. This is only one page but you will get the point no doubt.
This type of day and the proven live results speak for themselves. Why on Earth anyone would want to spend 10k on a software when they can get results like this for far less with 10 times the support and training is beyond me. It’s a pure case of many thinking that the more they spend, the more they get. In this case, it seems that adage does not ring true.
The above report shows all transactions made that day on standout selections only. Auto only made $189 after hitting the trailing stop loss. Members manual trading results varied from a few hundred to several thousand depending of course on bet sizes which comes back to bank size and levels of experience which will determine overall confidence to pull the trigger with larger size investments.
Our office is flying along in Ballina. Why Ballina? Why not? Have you ever been here? Surrounded by water, lots of fishing, low violence, nice schools, plenty of greenery, a skip and a jump to the Gold Coast (if you would ever need or want to which we don’t), lovely friendly people and a real community. What else could one ask for. Growing up in Sydney, I moved to the Northern Rivers in 2000 and I could never go back to the rat race.
The latest and greatest thing for us has been the addition of regular webinars. I can’t express enough about what this has done for many of our members. Being able to watch, learn and earn all at the same time has now become our biggest point of difference and further shows the transparency of our business and the lengths we go to in order to realize the utmost client satisfaction. You can visit Youtube to see some examples by clicking here.
Anyway folks, just a wee catch up – insert tongue in cheek here. I trust everyone is having a good year. I’ll try to keep more up to date with things and if anyone has any questions, we are only a phone call away – or if you’re in the area, you can drop in for a cuppa’ (I must remember to get milk). Cheers!
2009 – The Year So Far…
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).
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.
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.
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.
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 –
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?
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.
Now this is what I’m talking about…
“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:
- 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
- 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.