Thanks for watching, check out the channel page and playlists for more Betfair trading videos. You can find additional trading help on our website here: caanberry.com/trading-courses
Hi Caan,I'm from China,I'm not permitted to register with Betfair from the country I'm in,but I would like to know how to use the Geeks toy without an betfair account. If you know, I really hope you can answer, thank you.
Hi mate been watching and following your channel for a while now, great stuff. I have been doing MB and also football trading on BFEx. I would like to ask if you could do a video on horse racing trading for beginners using only the exchange and not the software. I find it hard to follow along when so many tabs on the software are moving. thanks
As a beginner I'm afraid I have to say I don't understand much at all. You speak quickly, repeat a lot, and appear to be explaining things without really doing so. For example when you switch to Timeform you say "I'm just forming an opinion" - how exactly? what is the opinion and how did you arrive at it? I think I need a pre-beginner video.
@@CaanBerryProTrader Good of you to reply to very old thread Caan. I've actually ordered your book from Amazon - of course I'd like to be able to trade the way you do but I need to start at the beginning. All the best.
This all looks so easy, why isn't everyone doing it? I'm just practising atm, manually before I try bet angel. Even at 2am in a zero liquidity yank horse race U just fill in the gaps between the lay and back side and voila, instant money, it's like wut? Where's the catch? Why don't u concentrate on the 4-8 price ranges more than short favourites where the increments are far bigger and so less betting required for bigger returns? Also to my untrained eye I've no idea what you've bet and where
Makes me laugh some people are more interested in whether they are first to post rather than comment if the video has been a good bit of education which it has. I shall smack my head forever over the youtube community gorms.
Love these videos Caan..As I've said before though you're an expert at this and it's not as easy as this video makes it look..its like watching Ronaldo doing multiple stepovers and explaining how to do them,then you go out into the garden and stand on the ball and fall on your arse 🙈😂 I bought your video pack which is brilliant,but my discipline was terrible,I could read the markets quite well but failing to trade out for a loss was my downfall and there's 100s of would be traders out there like me I think viewers would rather see 3 videos with losing trades where you explain what went wrong Keep the content coming though 👍
Fair comments Dave, discipline is the killer for so many. I mention it in the video but so many feel the need to be doing something and to be 'active' in the market. I think many are suprised how late the money making bit is when they truly realise. It's not like a normal job where you have to do stuff for a time period and then get paid an hourly rate! We're conditioned to think like this as we grow up though. Anyway, I wont bore you with a load of psychological stuff haha.
Hello caan. Please help me with some pro info. 1. The back odds or the average between back and lay from betfair are the closest odds for making of idea of what fair odds will be? 2. After finding fair odds how shall we find value? I know that we must find odds higher than true odds...but not all odds offers value. Odds like pinnacle might lead to make mistakes...and odds like unibet rarely offers value. Or low one. Please give me some tips.
You always make a nice video 😊 but I’m really tired of future predictions… it drives me crazy. I think crypto investment is better than stocks. Though I failed sometimes ago when I tried trading myself but Tisha Lauri helps me now
Money is an issue that everyone has for a better and luxurious life. Life was hard for me until I started making profits on my investment with the help of Tisha Lauri
@@CaanBerryProTrader these comments are part of a bitcoin scam where fake accounts will comment on videos about bitcoin trading and continue to say the name of a person in this case “Tisha Lauri” helped them make money by giving her bitcoin and then giving them back money or more bitcoin in return. In reality they just take the bitcoin that’s given to them and then dip. Should delete this comments if you can, they’re scammers :/
Not sure how that is aimed at beginners, it just looked like a lot of numbers on charts going up and down randomly without any explanation what was happening.
100% it was, there's so much more to understand if you want to make a significant amount doing this. The problem seems to be; beginners want something on the website where you can just place one bet. However, in reality, you'll never be a success trading like that.
A few days ago I had a £10 matched bet on a race and the odds changed so much before the race that it was offering -£3.00 cashout. Then by the time the race started it was back as it was. I'm hopeless at calculating things that fast and as I had a matched bet on I didn't want to mess it up but I wondered what could have been made if I could have seen that happening and managed to back and lay that horse the right times, I haven't seen a swing of that much before (wish I screenshotted the odds) even on a £20 bet. Does that sound like the kind of movement you look for? Jeez, as I was typing this I suddenly remembered I had footie trades on, switched to them and both games had goals, so I was risking my cashout money! Been burned too many times giving it a couple of minutes after a goal before cashing out so I like to do it as soon as the odds begin to even out.
Not too sure what you're asking there? You can cash out on the site yes, its less efficient as they take a price instead of offering one to the market but you can trade out that way. I wouldn't advise it because website data is delayed and you dont have the tools you need to make educated trading decisions but its the same thing in principle. Is that what you meant? Having a Betfair trading strategy that is based on an edge is the only way to do this effectively.
@@CaanBerryProTrader Sorry for not being clear. I'm rubbish at explaining anything in text which is why I don't usually comment. I suppose what I'm asking is, do you try to spot a race where the odds on a horse are going to swing massively like they did in the race I had a matched bet on (a swing of around 1.5 down and then 1.5 back up), or is a larger swing in odds impossible to predict and instead you are predicting smaller swings of a few points because it's more reliable to spot?
Thank you Caan. Feel I have been losing my way a bit lately after making some progress in the months before Christmas. Just taking a step back and watching you do this has opened my eyes a little as to what I am doing wrong. Hoping I can really start making some progress again in the next few weeks so I am ready to make some good money when the better quality racing comes in the summer.
Glad this helped you see straight. This time of year Betfair trading can be more challenging so if you can remain consistent now the Mar-Sept season will be a doddle. Just don't over expose your trading position!
Loved this Caan - thank you, so helpful. I would love to see more of these with you giving your voice-over of your thought process. In fact, you say a lot if not most of the work is done in your pre-race analysis so it would be great to have even more comments at the stage when you're reviewing the pre-race information as to what's standing out to you, where you think opportunities might arise etc. You said on the 2nd race that you wouldn't go into the same "spiel" as for the first - not spiel, really useful to beginners! :-)
Hi Caan, thanks very much for the great video, relatively new to this, waiting until the end of the month to get your course, had a little go at Geeks Toy 14 day trial for real, made some, but ended up getting stuck in the in-play market and lost my small stakes because I waited too long for the market to turn in my direction, have a lot more learning to do, many thanks for a great channel!!!
@@CaanBerryProTrader I like the uncovering and exposing vids for sure because they are very informative and without you doing them we just wouldn’t know, but I go way back to the Bennys quest vid 🤣 learnt so much on the journey and missed you actually trading 👍🏻
I'm new to the exchange, but isn't cashing out in-game at the expense of the bettor who is matched with you? This is the reason why I'm yet to start coz I don't understand that.
I found you today and I get lay bets and basic gambling strategy. So im a complete new mind to what you are teaching. You speak to fast in every video You use unfamilar terms without a full explanation constantly You make my head hurt trying to keep up the content is very intersting to me but im going to watch someone slower and providing clearer learning outcomes thanks
Great video as always mate. Quick question, how do you get the dark green shading on the money matched column with Geeks toy? I have the green shading but don't seem to have the dark green for recent money
If you right-click on the ladder interface, you need to select the traded volumes as bars. Then, about two thirds of the way down you will see there is an option to set the time limit for the bars. By default I think its a minute or something (mine is set to 40 seconds). If the option for bars isn't there, you're on a very old version of the software and would download the most recent release, its been available for a couple years or so.
Caan? in the first video why back the second favourite approaching a cross over point of 4.0 (where it can potentially meet natural support from layers) instead of laying the favourite that's on a strong drift that's further away from a cross over point where there isn't in theory... a strong key level of natural resistance untill 6.0? there also seemed to be multiple horses coming in at the start of the video also? is this an inverse view to how your seeing the market and simply taking the other side i.e laying a drifter instead backing a steamer etc? or a case of me looking at the marketing incorrectly?
i keep re-watching this video, have done for months. I am sure your friends with PW, bet you have a massive advantage over him in explaining things. No waffle and no words that require a dictionary to understand what they mean. Nice one
It's a constant cycle of bouncing back and forth, to miss those course corrects is a mistake! What's been your biggest problem with learning to trade Betfair?
Hi. Great video very helpful. In your 1st market Would you ever consider laying the favourite and backing your selection as you did at the same time in the market so you make twice or lose twice...?.
Hi Caan, as always, I hope all is well with you and yours? 2:13 - Please correct me if I'm wrong, but in the past, didn't Betfair's "LIVE!" )LOL) coverage of a race start at 5 minutes? Lately, it seems that they only allow - or are allowed? - full video/audio coverage well within 5 minutes. :-)
No, on an exchange you are matching against other users. They don't restrict winning exchange accounts at all as it doesn't matter to them. On the exchange they make money from the commission charged to each transaction. Betfair trading turns over more money for them making more commission so they're more than happy to take that!
There's only one trader that sells software - Peter Webb. Sure he's made money from trading too although never seen more than a days P/L shared. BA's the most expensive software so it's possible, think it's made millions, not sure how that weighs up to profits though... guess only he would :). Wouldn't be too cynical though, the top 50 exchange accounts on Betfair were making more than Betfair some years back as they disclosed it.
With a TV in backg I take it you never get into the tricky situation race goes off and not locked into a green market board Caan. Or small red if close out other way ? Or does 1/50 still have to get done in running in error ? Intrigued
Indeed sometimes it does. Indecision doesn't cost anything, other than a potential missed opportunity. A bad decision costs you in the pocket :). To be inflexible would mean that the markets do not change and prices do not turn - happens all the time.
so for every lay bet you put on you have to put on a back bet and vise verser and the marginge in between the two is your proffit is that right or am i missing something as i see you put on a lot of back bets but not many lay bets
Yes. If you back first then you need the lay odds to be smaller than your back odds to lock in profit( remember to factor in commission). If you lay first you need the back odds to be bigger. But you will have to know the correct stake to actually lock in profit. There are free calculators out there but that takes too long considering how quick odds and liquidity change. I don’t know if this software can automatically do the calculations for you to save time.
At the start of the video you mentioned you look for volume on horses debuting or that haven’t run for while. How is this information useful? Does it indicate something you don’t know is going on?
Ηi @Caan Berry! Really interesting video and thank you for giving a heads up mate! Can you please inform where I can find this formula-template with value fluctuation from betting companies?
@@CaanBerryProTrader I thought that was the case. I’m using my iPad as a second, non connected monitor and it’s very frustrating as I have to click on it continuously until the race is ready to start and the volume is constantly muting itself. Looking to get another monitor if I start making money and get out of the red. Not doing that great as more loss than profit so hoping to change that as have only just started. I’ve gone through your video course and will keep going back over it. Very informative. I’m an extreme beginner and come from matched betting so hopefully will start to be in the green rather than the red!
The trick is to find the right setup with all that groundwork broken down so that doesn't happen. If it starts to twist and behave unexpectedly close out and then re-asses. People always ask this question but the reality is, you want to avoid it happening in the first place by making the right choices and analysis of the situation.
