Hi Peter you have recommended in another video to use liability stakes. Can you explain why you chose to use fixed stakes? And when you would use liability stakes please?
Because we are trading pre-off here, there is no advantage to using liability-based staking. But in-play it's a distinct advantage because you align your risk with the odds, which are probably a good approximation of the outcome.
There are some systems that work ie what I've just started practising. Backing well known tipsters who's prices are never what they advised to start with because the bookies slash them the instant they're published. Just tried it today for first time got tick distance (just made that up) of 9.8 to 6.4 in one hour on 3 horses.
Another great video Peter, is there a video for the deference between scalping and trading, I've just tried scalping for 10 pounds and made .42p .57p .28p hope I'm on the right track for a novice
I've done a number of videos where I split out different types of trading. I think I may have done one comparing types. But basically bigger odds and handicaps are where scalping works best.
@@betangeltv Horse was named Indemnity on your example as you were talking about managing the risk 😊 Betfair slip read like you had special insurance at first glance 🤔😂
Nothing like the good old racecourse rail battle with the bookies: your view, their view, u win or they win: pretty straightforward.. of course the I.t. Revolution makes things seemingly better, but the ‘old’ days were best
Made a bob or two on the stock market make a bit on betfair ,with stocks though you get a great divi on some stocks .and not forgetting the 7 th wonder of the world Compound in terest 😊
hi , Im new to this, I tried to back and lay the same tennis player. I risked $25.2 on both and ended up with less money than I started with :( I had $105.5 now I have $82. My back odds were higher than my lay odds. Im not following what could have happened
My question why hedge when you autmatically get 10% profit from a trade? \So what can go wrong with the trade giving you a reason to have to green/hedge?
@@betangeltvit can make sense to hedge if youve traded a 1.5 fav....but hedging a selection thats trading at 40 for instance is pointless. You could say well why risk money on a selection trying to get a positive when its not gonna win anyway🤷♂️
Guys, it's guaranteeing 0% risk, it's about, not 1 bet, but 1000s, it's more profitable over time to be greening up money that letting a 40/1 shot ride...
Hi Peter. Can you please do a video on the potential to limit upside based on odds for a 2nd or 3rd trade in a more volatile market. Example if I place a first trade - back $100 @ 2.9 / lay $100 @ 2.7 and don't hedge I've created a +$20 position however if the odds move in to say a back price of 2.4 and I want to back @ 2.4 with a view of laying @ 2.3 am I not creating more risk of a potential losing trade if I place that 2nd back? ie. if I did place that 2nd back bet at 2.4 for $100 am I not bringing my average back price down from 2.9 (first trade) to 2.65 (2nd trade) half of which I've already layed at 2.7 from the first trade? In short your videos seem to trade in the same range and I've done the maths for this but it just feels wrong to be trying to place a 2nd trade at back odds lower than the lay odds of my first trade or vice versa.
That would only be if the price went in one direction only, which the market doesn't tend to do late on. You will need to approach each market based, somewhat, on what you expect it to do. So if the market is strongly trending, you probably don't want to nip in and out of it.
Peter if you did not green off your profit over all the horses, would you over time still win the same amount roughly as the horses you trade will eventually come in. A few years back a bloke said it isn’t worth greening up. I suppose it evens itself out in the end. Oh yea I have a system on the dogs doing 2 places and the other day it had 19 in a row 1st or 2nd’s. It also has its losing runs of 6-7 but they are only once in 2 days. I worked it out if you could have accumulated it, it would have been well over a million to one. I have been refining it and watching for over a year and a half now but it has have never had more than 7 winners in a row then wham that happened. I doubt that will ever happen again. I remember when I was a courier up London our firm went to Catford dogs and I got 9 winners from the night and everybody went home in profit (because they all latched onto my luck early) and my boss went home nearly £3,000 up. The second to last race was the funniest as we all thought it had lost and somebody jumped up and said it was still going as it was a 700m+ race. The dog I picked took over on the last bend and won. The last race I picked the dog and my boss had the most on it and asked me for another for the forecast and the dog was trap 3 and I gave him the 1 dog to come second. Guess what happened? Unbelievable. The next year we all went again and I got only 1 winner all night but after the first few races everybody did not go near me as they knew It was just pure luck the year before.
Over the long term, it would average out, but that defeats the point of trading as a nice profit could be wiped out if the wrong hoses win. It makes sense to hedge each time because you get a net result instantly and can use the money again. The only reason you would let it run is that you think it is value. If that's the case, you should be betting on it.
But you wouldn't apply this to every market or would you? You have to apply it to specific markets. Markets with high turnover per second say £1k per sec.
If I lay the draw in a football match and hedge for profit after a goal, but stay in for a loss if it stays 0-0, is that a trade or a bet? And does that require value before kick-off for it to be a profitable strategy??
It tends to be based around volume. I wont enter unless volume is high enough as this means I can't exit quickly if it all goes wrong. I tend to exit before the two minute period. This is one of the reasons I don't like days packed full of racing, as I often can't establish a safe opening position in the market.
The true is that you are risking your stake. Exchange can go down and you my not be able to trade out. It's happening lots. Just to be aware for other people not to use big portion of bankroll.
I've seen lots of people make this point. But, of course, it works both ways. I could gain massively, but nobody seems to point that out. It's just that people like to focus on the negative. I've never lost my bank like this in over 23 years. So the risk is tiny. It all comes out in the wash in the long term.
@@betangeltv You misunderstood me Peter. I tried to point ,that if someone for example got 1k bankroll,it shouldn't trade with 1k bankroll even when he is not risking 1k. Bad thinks can happen. I remember when my small daughter in about 2014 tried clean my laptop with water and I couldn't trade out 😂
I wish you would learn crypto trading to get ready for the bull market & get the bet angel software integrated with smart contract technology. You could document this. For sure it would take you out of your comfort zone but if you’re making a few million in betfair per year your capable of 100-1000x this with smart shit coin hunting.
So my question is I see lots of people trading cricket, which seems to follow trends with one team either shortening or drifting at certain times. So are they just trading directly after wickets? As this is when there happens to be more volatility? Or is it based on the trend and current stats ect.
Volatility and the massive liquidity stems from people cleaning up with the added advantage of a time delay either being at the ground or being in communication with somebody at the ground. Prime example look at the turn over pre match on a tennis game and look at the end. 95% of the money traded would be in play - for similar reasons…
Peter, I am interested in using my current VPS to run bet angel Professional would this work fine using VPS this way or does it have to be using Bet Angel's VPS? Thanks. 🙂
@@betangeltv maybe in horses lay 1st -and second horse u get some money back but its not gonna cover RED and often 1-st or second wins ,I thought about and maybe multy with 3 races resolve this problem ..I can send u a scheme if u want ..
Interesting point about the turnover. I traded the 8.30 at Newcastle today backed and laid around £1000 on each side but it was £30-£50 each bet. It might take a while but I don't think its uncommon to turnover 10 times my actual balance on one race. in out, in out, shake it all about!
