Trading is about looking for volatility and most of the time volatility comes from the higher priced horses as there are more of them. Adjust your stakes accordingly and more important your Risk Management as if you lay first it might quickly get away from you and you will lose more money faster. If you are a novice though I would stick to the FAV until you understand more about the market as the tick size/range will be more appropriate to your experience.
I'm relatively new to trading but it seems like a good technique for when theres a strong favourite and a second favourite of odds around 5-7 with other horses being a bit further out price wise. You'd make more trading on the second favourite as its offs are higher yet they're still low enough to correlate with the strong favourite.
Hi Peter, another great video! Could you please do a video on how you would analyse a horse racing market, to distinguish the different types in terms of the analyics. Have a good day!!!
Nice, didn't get it at first but laying at higher odds results in a better performance per tick due to larger increments. Not complaining but the video would have been much better if the liabilities were equal to better demonstrate the difference
If you are trading properly, you shouldn't be looking at liabilities at all. Best to ignore them or else they may influence what you trade, rather than the opportunity.
Very interesting. I must say I am a little scared of the higher odds. I find it harder to form an opinion of up or down, and worry about getting stung badly while dabbling without a clear purpose. (Excuse my grammar,) I am wondering after your video if it is a good idea for a scalping strategy for the reasons you underlined.
Y, scalping works well at higher odds. You generally find if you have a short price two ladders 'interact' with each other and that can present decent opportunities further down the both, subject to liquidity.
Hello Peter, Sometimes one bookmaker i use has boosted odds that can beat the international markets , however sometimes the odds are equal to odds for "lay all". My question is:When you go into an event, who set the "lay all" odds you see at first glance? The value bettors , so i should go into my boosted odds , or layers so a non value bet? My country is restricted to use betfair as you can guess it . Thanks a lot man!
It's just demand and supply that sets the odds. Some people try and price markets, but Betfair also seed markets to get activity going in the underlying markets and then people jump in front of those odds.
Hi Peter Is it better when starting out to use a fixed stake? I recently watched one of your videos where you suggested that tick size may be more suitable for new traders.
It is best to use tick staking when you trade as it allows you to scale in a sensible manner, but lots of people just use £5 and £10 or so to start with.
Click on the ladder settings and unmatched bets and you will find just about every variation on how to display them in there. If in doubt drop a note to support and they will help you locate or define it.
This software / chart looks so confusing, there is just so much on it, it is supposed to make things easier not to overwhelm us new guys. I finally understand how to do manual cash out, how to remove liability etc on betfair interface itself. This is just too robust I am sorry. I hope to make 40€ per day / 14k per year. I am starting next month with 600€ bankroll. I just want financial freedom. I really hoped this could help but obviously British traders / horse traders are favoured here with this software. Not good.
I understand that the software may seem overwhelming and complex at first glance. However, it's important to note that the complexity of the software is due to its evolution over the past twenty years. Bet Angel is a sophisticated tool designed for experienced traders who are looking for an edge in the market. While it may take some time to learn how to use the software effectively, once you have mastered it, it can be a valuable asset in achieving your financial goals. The Bet Angel software provides a wide range of features that can help you identify profitable trading opportunities, manage your trades effectively, and optimize your overall performance. It's also worth noting that the software is not limited to British or horse traders. The software can be used for a wide range of markets, including football, tennis, and other sports. Additionally, the software has a vibrant community of users from all around the world who share tips, strategies, and advice on how to use the software to its full potential. Finally, I would like to wish you the best of luck in achieving your financial goals. While Bet Angel may not be the right tool for everyone, it can be an excellent option for those who are willing to put in the time and effort to learn how to use it effectively.
