Betfair trading myth | Why you don't need to know the direction of odds to profit

Рет қаралды 10,628

2 жыл бұрын

When I started Betfair trading I was doing arbitrage betting. I was going to a bookmaker or sportsbook and laying the opposing bet on Betfair.
I would profit because of the differential between the amount I won on the winning bet and the amount I lost on the lay bet on Betfair.
When trading you are trying to do the same thing, but you have many different ways in which you can do this.
If you latch onto a decent trend you can ride that trend to get a good profit. But you need to get in and out at roughly the correct moment.
But it is possible to trade without knowing the direction and also profit. So that's what I'm going to cover in this video.
I suggest you also view this video: -
• Betfair trading | A ve...
It contains a strategy that profits in a similar manner, but in a different way.
#betfairtrading #betangel #sportstrading

Пікірлер: 48

@CornishNews 2 жыл бұрын

Thanks Peter. I spent today looking to back steamers and a couple of races the price hardly moved for 5 minutes. I just sat there like a plum and now realise I could have scalped for 5 minutes. Can't wait to jump back on it tomorrow!

@betangeltv 2 жыл бұрын

Cheltenham is good for this sort of thing. But you may have to wait a while to get an order filled.

@CornishNews 2 жыл бұрын

@@betangeltv thanks for the reply. I actually done this on a race today about 20 minutes out and won a few ticks.

@mrj.p.k8770 2 жыл бұрын

Nice and simple, thanks❤️

@trb10 2 жыл бұрын

I feel that you've vastly over simplified this and made it look much easier than it is. Your years of experience would have meant you had a good idea of which way the markets were going to go on these trades. Chuck a total newbie into this and ask them to click prices and I could see disaster waiting to happen.

@betangeltv 2 жыл бұрын

I have plenty of videos talking about all aspects of trading, but I have to generalise on individual videos. The key concept on this video was to demonstrate that you can profit without having to use a directional bias.

@fairsquare5316 Жыл бұрын

If you watch all horse racing videos by bet angel at least 10 times each, including the psychology videos, spend 2-3 years of practicing seriously it’s very likely to become successful. At least this is what I did and it worked! Just to add, and fail at least one hundred times before you master your edges!

@kennyt576 2 жыл бұрын

Nice video and quite interesting way to make money trading the horses

@davegravy1842 2 жыл бұрын

Thanks Peter brilliant as always 👍

@betangeltv 2 жыл бұрын

Thanks

@rainbowbroom8335 2 жыл бұрын

Great video, concerned that loss and deposits that appear to be on the horizon and here now for under 25 years (£500) will essential remove the ability to trade.

@betangeltv 2 жыл бұрын

Tricky to know exactly what will happen. But you would think it would be a bit daft to impose such small limits.

@alanroberts2813 2 жыл бұрын

Another Amazing video Peter, I think the last 5-6 video’s you have done have helped us soooo much thanks you. Two questions 1- when are you starting to do the betAngel course’s from where you are. 2- if I was doing in-play trading on your software is there a button I can press so I can see the live racing on the same screen as I trade, or can you recommend a really small monitor I can buy to use with my laptop, can you recommend or give names of places where I can buy a small on please for my laptop, many thanks 😊

@betangeltv 2 жыл бұрын

Hi Alan, I will start up some sort of gathering, but I don't know what at this moment. We recommend watching Betfair live video via a browser so it doesn't use up resource on the software. I tend to watch the races on SKY, I don't know if that helps.

@alanroberts2813 2 жыл бұрын

Yes thanks Peter big help, thank you 😊.

@michaelhamilton6553 2 жыл бұрын

I tried this because I'm very bad at working out which way the price is likely to move and it didn't go well. I placed a trade each side of the market just as in the video but nearly every time, either the back or the lay bet would get matched instantly but at the same time the price would then rocket off in the wrong direction leaving me with no chance of getting the other order filled and at a loss every time. I've still no idea what I did wrong.

@betangeltv 2 жыл бұрын

The vast majority of times a trade like this will match. If not, you are possibly in the wrong market at the wrong time. But there is also another non-directional trade you can do here: - kzfaq.info/get/bejne/n5akrc6m1snbh4U.html The key message here is that you don't need to guess direction to trade profitably.

@michaelhamilton6553 2 жыл бұрын

@@betangeltv Thank you for the link. That is helpful and I feel like I have a better understanding now.

@kopthelotklopp1523 2 жыл бұрын

I've heard you say this several times and it's always baffled me. Regarding the steps you made from arbing then doing both backing and laying on the exchange. And that betfair trading was then born.... Surely the people who founded betfair and a lot of their first customers had that concept in mind from the very beginning?

@betangeltv 2 жыл бұрын

No, it was never designed to be used this way. The exchange was designed for people to offer back and lay bets. They hadn't really thought beyond that. I'd have to check but I think it was perhaps a decade before the ability to trade out and hedge positions become something that they offer on their site. The commission structure would have been different if they realised that people would trade. That eventually became a problem for them.

@kopthelotklopp1523 2 жыл бұрын

@@betangeltv Interesting stuff in any case, Peter. I've been in the industry for 17 years and I would never have done so without the birth of the exchange.

@betangeltv 2 жыл бұрын

Betfair reached out to traders very early on to find out more about how they were using the exchange. I remember it well. I was actually afraid I'd found a loophole that would be closed when I started. But of course, it became part of the ecosystem.

@markjackson9827 Жыл бұрын

To be honest and as daft as this sounds I find forex pairs much easier to trade than pre horse races, Ive only one price to look at and then consider support and resistance points checking higher time frames, plus there are some excellent free indicators which there doesnt seem to be on horse racing software and markets , I think that was your background before betfair if I am correct?

@betangeltv Жыл бұрын

I tried, and failed, to trade financials short term. But used that knowledge to good use when trading in sports. I'm a much better trader all round now, but I'm consistent enough on sports to not have to think about short term stuff on financials.

@sirbustasirbusta8099 2 жыл бұрын

Hey Peter, are you running in person classes again ?

@betangeltv 2 жыл бұрын

Hope to do something this year now.

@globi166 2 жыл бұрын

@@betangeltv can I pre book a place please.

@betangeltv 2 жыл бұрын

No places to book at the moment. But I'll drop a note to KZfaq and to any mailing list when anything becomes available.

@sirbustasirbusta8099 2 жыл бұрын

@@betangeltv brilliant news Peter , look forward to hearing any updates when this might be👍👍

@brianfalconer9499 2 жыл бұрын

Maybe I'm wrong but, Isn't this just a "clumsy" dig at an individual that has upset you in the past and has just brought out a book on Directional Trading?

@betangeltv 2 жыл бұрын

No, I've done lots of videos on many different trading styles. If I wanted to have a cheap shot at somebody I'd probably do a 45-minute character assassination 😉

@grahambeyer6254 2 жыл бұрын

But aren't you doubling your risk by going in opposite directions on 2 runners?

@betangeltv 2 жыл бұрын

That wasn't the purpose of the video. It was to contrast two trading styles and how both can profit, but in two different ways.

@adrianmanoli1888 2 жыл бұрын

I see every where,and here at you..back at top and lay at bottom...but you backed Atomic Angel at bottom..😅😅..So,are things are you not saying? And others do the same thing...Why would you advise to do some thing if you do different?

@betangeltv 2 жыл бұрын

The main aim of this video was to show you that you didn't need to pick a direction on the second runner to make a profit.

@vieira2007ify 2 жыл бұрын

Is betting this way not a lottery?

@betangeltv 2 жыл бұрын

Not at all. What I have tried to show here is that if you offer two bets to the market, people take them Can't see how that is a lottery.

@vieira2007ify 2 жыл бұрын

@@betangeltv I called it a lottery because you can't be 100% sure that people will take those two bets. Some time ago I tried to play this way and few times I stayed with only one bet taken, in the long term it wasn't profitable.

@betangeltv 2 жыл бұрын

Trading is all about taking risks, not avoiding them. So you can never be sure your trade will work. But offering bets to the market is long term profitable.

@thescallytrader 2 жыл бұрын

😂

@rstevens7711 2 жыл бұрын

Your comment of 'I netted £250 on this runner' at 5.00 isn't quite right is it? There will be some who watch this video who think that in 2 clicks you made £250 on the market, and you didn't did you? You should make that clear. Same at 0530, you say 'I earned £30', but you didn't do you? Again, you won't have left the market at that point. You would have hedged your profit across all runners producing a profit nothing like the £30 that some people would have thought you made by watching this video. Why did you do that?

@betangeltv 2 жыл бұрын

I'm always curious why people don't interpret this the way I intend. A trade is opening and closing a position to complete a trade. The hedging element is separate, you see that in the final part of this video. To not confuse people and to directly contrast both trades, I've left them unhedged. It's clearly without confusing people with the final hedging position. But the video itself, wasn't about the trades, it's focus is to highlight the difference between the two trading styles.

@James-lq1po 2 жыл бұрын

Have to agree with this, you do say £30 profit when in reality it is a £30 'free bet' on that runner. It could result in a £30 profit, but more realistically the hedged amount should be the profit quoted.

@betangeltv 2 жыл бұрын

I can't qualify every facet of everything I do or explain, it's just impossible in such a short time, so I have to generalise. I contrast and compare trades to show something specific. In this case one trade, versus three separate trades. I then do a live trade that does the same thing and complete it by hedging out. I can't see how I can be any clearer within the context of what I am trying to show. I think it's interesting that there is a disconnect between what people think is an opening and closing trade position.

@James-lq1po 2 жыл бұрын

@@betangeltv well all you need to do is not call it a profit, which is the misleading part. Don’t want to sound confrontational about it as I enjoy and appreciate your content. All the best.

@betangeltv 2 жыл бұрын

Thanks. I do state on the video 'on this runner' to try and be clear.