What do you think about pinnacle? Is it trustworthy??

Generally highly regarded, but I'm unable to use it.

Many thanks, that's much appreciated.

With exchanges, it’s effectively unlimited wins and you could go on forever. In theory.

I hope also, but I've no doubt some click bait will bury it.

I guess it depends what you are trying to do, but on racing I find value everywhere. The markets are much more volatile than they used to be and I get the impression that a lot of that money has no idea what value is.

I always had a vision of them being the wholesalers of bets. With the bookies just 'skinning' the odds and adding value that way. That should be the way it panned out.

Mine was 1 week

Aye bro do they pay out fr? Like automatically?

Oh wow… but how much were you winning before the ban? Is there a threshold?

He clearly said the books want you to win but not consistently have an edge over them

*Some people get hit by the premium charge

Premium charge is just a restriction put on those who prove to be consistent winners..

The numbers are much smaller that you would expect and most people will not pay PC. But, of course, people like me do. But that works for me as I couldn’t bet millions a week with a bookmaker.

@@betangeltv Most users of Betfair obviously won't, pay PC because the majority of users are losers thats fact. I think annually only about 2% make a profit using Betfair, and from that 2% only a fraction of that pay PC.... But for those that do, depending on how you operate its still a restriction. put on. your winnings..

I know the exact numbers, but I was shown them under NDA, so I can't share them. But it's way, way, above 2% This is because, at worst, you will lose much slower on an exchange than with a bookmaker.

Welcome!

That’s true. I am a PC customer. But most people are not. It’s specifically targeted at frequent longer term winners. So I sit in that category, but it’s a very small % of exchange users that end up there.

It's virtually impossible to get any money on with a bookie and if you do, you will be limited quickly. Betdaq is good, not as big as Betfair, but growing.

We constantly review all features, so I wouldn't say no.

you find a solution ?? do not be banned

Anything above zero will do me, to be honest, within the realms of sensible variability and drawdowns. I value bet by pricing markets, but also trade. I've done many videos on each if you drift through the channel. Probably too many, to be honest; I need to reorganise them into some sort of order really so people can view them as they were mean to be seen.

Thank you

If the odds are way lower on the exchange, then you would be able to make massive amounts of money arbing between the two. I almost never see odds higher on the bookies.

@@betangeltv do you mean bet against or “lay bet” in the exchange and back betting in the bookie? Or make two back bets in both? I got confused

Y, lay on the exchange and back with the bookie. If you can lay at a lower price, you will make money.

so, what is your solution?

Curious how much dough you made after all the bans? Want to be realistic with my own expectations/planning.

Betfair will not ban you for winning, neither will the Tote.

@@betangeltv imagine i do arbitrage between betfair ex and @xbet for exemple , and the odd wins is the one on 1xbet so i can be banned ?

A tell tale sign you have been nabbed is when the floor manager pays the table a visit.

Thanks

Feeding ducks in the park and picking budget holidays....

I think it does create opportunties. People are a bit lazy and follow a narrative, whether it makes sense or not.

I've always felt that people complain when they find a loophole that gets closed. If you have a legit betting strategy with an edge, you would just put it on an exchange and go for it. It's that simple.

I hear you, affordability can be a huge barrier for many. But it's not as bad as it could be. My daughter started trading with a tiny bank and is subject to a monthly spend and is doing fine. It's just a case or recycling the money you put through your account. Even if you have £100, trading it through 1000 races effectively leverages it to a traded amount of £100,000

I do explain in the video. Use a betting exchange.

No it's a private company, but they wouldn't be worth much TBH. The software business isn't as big as you make think. It's a niche, within a niche, within a niche business. You can buy Betfair shares, though they are diluted somewhat now as part of Flutter PLC.

You have a state monopoly in France, so there isn't much you can do.

If you think about it. I know the market is inefficient, so my profit comes from that inefficiency. But when people measure the market, they measure my activity in it and everything else, so it's bound to appear efficient because I and others are making it efficient. That fact aside, you can create opportunity on an exchange. You can be on the other side of the book. You can do what you like on an exchange.

Many thanks

Thanks Peter very interesting stuff,Betfair should give you a commission for all your hard work dedication and loyalty to them over the years always telling people exchanges are better than bookmakers , keep them coming Peter 👌👍👍👍👍

I agree, they owe me a Buggati Veyron for all the business I've driven to them!! I actually consciously choose not to get affiliate fees as I think that compromises you if you get paid to say something. Several other KZfaq channels are paid directly or indirectly to push certain viewpoints and it shows!

When we ask Betfair, they always say there isn't a definitive list. If you can let me know where you are I can let you know if we are aware of the situation in your country.

@@betangeltv Are you aware about southeast asian countries (phillipines, cambodia,Thailand, malaysia,Indonesia)? I like to spend Winters there.I'm living in Belgium also,i'm restricted here.Which countries around me where Betfair is legal(North & East Europe)?

I travel a lot and as long as you have an account, you can use proxies or a VPS to access it. In Europe, Scandinavia, Ireland and UK are OK from a betfair.com account. So as long as you can get one, you will be good. I think Thailand is OK as well. I'll make a note and ask Betfair for you. Always the hurdle is getting the account opened and verified, but once in you will good. So it's that first location that you need to think about.

😮 what of Nigeria

Prices are more volatile on the exchange, so you can pick off decent prices. But also, you can offer prices to the exchange and wait for them to get matched.

Not sure what you are trying to say here as both have been done.

Difficult, but not impossible.

On the Betfair Exchange you shouldn't have a problem.

alright, thanks for the quick answer mate!@@betangeltv

Betting exchanges are the only place profitable long-term betting won't get you restricted or banned. With traditional sportsbooks and bookmakers, it's just a business where you won't be allowed to play if you bend the rules. If you suddenly started winning at a Casino you would be banned, no different with sportsbooks.

​​​​​​​​​@@betangeltv That's depends on how much you are trying to win. And how smart you're I've been making my living betting on UK greyhounds for the last 7 years. Never been stopped. But here's the thing. I NEVER place more than £10 on any TRAP. But lay that £10 at 5 different bookies. My system MATRIX 6 doesn't require me to lay the bet last minute. I can lay a bet 10am in the morning for a race 6.09pm in the evening for example. Walk out of the bookies and they won't see me for another month. Or I might have a friend go and pick up the winnings if I win there. If you are greedy and dont have any sense and try to make £50 plus bets day in and day out at a few local bookies. And keep winning. Of course you will be stopped. I rotate around 200 plus bookies all over London. I go into WH Charing Cross. I don't go back there for another month. And that was for a £10 bet. By the time I go back there they've forgotten me. If I went in there and won £500 plus pounds say 3 times a week it would be another story it's always GREED that messes people up. Use your head and you will be just fine. Don't make a big noise and draw attention to yourself. By rotating you will be winning in Say WH. Losing in Labrokes or Paddy Power. And then next time you are losing in WH and winning in Betfred or Ladbrokes. You are just another punter to them. They don't realize that as a collective you are taking thousands off them. Be SMART..

I don't think you understand what a betting exchange is or how they work.

Your'e welcome

Mr Thorpe went into financial markets where the potential market was much bigger. Have a read of his book 'A man for all markets'

You need to campaign for their legalisation or find an exchange that operates in the grey market.

On an exhange you bet against other people.

No, you need a Betfair.com account and registrations are blocked for US due to your legislation.

It doesn't make sense as while you can quantify edges, they all come with different payoffs, variability etc. So I just don't look at it like that at all. I'm more interested in how I perform, but also if something is coming under pressure or needs tweaking etc.

Not for winning no. There are always exceptions, so if you systematically abuse a loophole for example, that's always going to be frowned on.

can you abuse cash out strategy@@betangeltv

Exactly!

Slight error, I said I bet a million last week, not made a million last week. A million in one week would be nice. I mean, it is possible, but you would have losses against that as well. So made a million net, as lots of people could make a million, but lose more than that at the same time!

Betting exchanges have presented a generational opportunity for anybody that wants to bet. I jumped at the chance 20 years ago and took full advantage. But increasingly, you see exchanges sidelined, given little airspace and the familiar characters trying to position themselves as experts to profit from people who want to get involved. I want to see exchanges still around in 20 years time and the only way to do that is to talk positively about them and show people what is possible. So I feel compelled to do my bit.

@@betangeltv Brilliantly put. Sadly many new punters are unaware of distrustful of exchanges due to them being sidelined like you said or being exposed to ignorant or misleading representations.

Y, it's a real shame. So much money is lost because the average Joe is betting at rubbish prices.