Easily one of the most informative and instructive videos so far, but only in conjunction with many of the others that lay the foundations. Very helpful and very much appreciated, thank you :)
How generous of you Peter to share your knowledge over 20 years of experience starting from scratch to give us all great a head start to trading from one of the most trustworthy people I have never met lol, you are appreciated more than you know, your one of the good guys
Another great video, thank you. Can't wait for the full version in the academy. Following on from this, I have been trying to find the Underground Trading video, but without success. Thanks again.
I felt your pain teaching us on that steamer, but you didn’t trade it, bet your head almost exploded 😂😂 fab video Peter, may I ask, I’m buying a desk top after using a laptop for years, how can I transfer my bet angel set up without having to start all over again setting it up, thanks for the top notch help over the years and a merry Xmas to you and the family 👍🏻
Insightful video... thanks. Maybe you try to sit a bit away from the green screen and/or avoid putting too much light on the green screen so your head/hair doesn't have a green tint... I'm having best results with at least 5 feet distance ;)
A simple question Peter : based on your long experience, is it better to have a low edge strategy with tons of entry points and small stakes, or more high edge strategies with fewer entry points and high stakes? Thanks
You've said before that you run 5-6 strategies daily but are those strategies from a bigger list of strategies? Or are they just those and did how many times did you adjust the strategy from the original. Do all the strategies originate from one strategy? Also how do you define a market? Do you look for certain characteristics? What are these characteristics?
I started with just scalping many many years ago and gradually built out from there. So the strategies branched endlessly. Lots is discussed in this video - ruclips.net/video/DZEiNaXVWSw/видео.html
How do you go about choosing strategies for markets for automation? At what time before the first market starts do you decide which strategy to deploy?
How do you assess a market for selecting an automation strategy? Do you go through the markets and look for markets that would suite an automated strategy then trade the others manually and then choose which manual strategy you think best fits those markets?
Over time I've developed strategies that work in different markets. So I run different bits of automation that simply exclude themselves from certain types of markets.
Way more than useful! It is like I just received a compass for a very complex jungle map Can I ask for some pointers? I was trying to build a bet angel automation rule the other day for a steamer. I realized upon execution that the automation did work, but I had a challenge. I observed that sometimes, the price could freeze on a certain point and then suddenly a large chunk of money comes in and triggers the 10 or so ticks I set. Is there a way to make the automation detect a somewhat steady drop in price so that it's not just going off at every injection of large amounts of money?
Is there an optimal time before post to deploy this strategy? or maybe a time when this would be too early or too close to post to NOT trade with this strategy? maybe due to not enough liquidity or not enough money matched in the market yet, or close to post not wanting to trade against other traders dumping liabilities causing too much volatility
Always the best time to trade is when liquidity is high and building as that allows you get exit a position for a minimal loss if it all goes wrong. That will be slightly different for each market.
hi peter iv,e just downloaded a rules file for lay the draw predicted odds after a goal is scored home/away,hopefully done it correctly,selected a game but nothing has showed up on screen will this kick in after kick off or when many thanks bob
I ve never seen mentioned anywhere and nobody questions the posibility of betfair being a place made by bookies so they can just get out of troubles??when you ask who makes the prices on betfair ,you get an answer like... ,,us,the traders,bettors, etc" but how can that be when for example in a greyhound race ,there is no money matches 6-7 min before.it is actually 1 and a half min when you can actually see something.where were all the traders and bettors during that time? Or do they all just talk to each other and say let s get in now ?if you ask me..i think betfair is a platform for bookies and then you as an individual are allowed to take part in that and then 1 maybe 2% of those people will actually trade.i ve been trying to crack betfair ever since 2000 and all i ve heared was that we can be the bookies and ask for the price.yeah,you may have some info about some football team and you gonna play x strategy because you know there are gonna be thousands of goals and blah blah or you know about a 50/1 horse that is in good form because you followed it and all but to actually trade on betfair the numbers,i think we are doing it wrong and we only look on what we are told which is infact a strategy by smart people.i would like an argument about this and i would like to be proved wrong but i think betfair is actually the bookies and me and you are just some people invited to the ,,party"
I'm pretty familiar with who is on the other side of the fence and it's a right mixture of all sorts of people. There is no conspiracy, but the lines can get fudged a bit here and there. But it's the best solution and so much better than traditional bookmakers.
@@betangeltv i think there should be a clear explanation of that because it would make sense.at the moment it doesn t make sense how the people who are betting ,not trading at betfair for example,how is that possible that pinnacle has the same price as soon as that price on betfair has moved.i have watched and i would like to know if possible what is the mecanism. If bet 365 for example would price one horse higher than betfair,that price would most certainly adjust within seconds,if you can spot them of course.so my question is,can we get an explanation of how bookmakers and betfair adjust their prices ?
so when u say unusual things that might happen that create losses.... what kind of things do u mean by that ? can u give some examples... ? i mean if i had backed the favorite at 2.16 and later it start to drift instead of coming in... what are the chances that will happen if not the favorit horse break his legs 10 minutes before the race or the joke get injured etc... and if something like that happen what will happen to my bet and money ? do i get it the money back or do i lose ? i hope u can explain such scenario and what to do in them or how to hedge the bet or recover some losses before losing 1k bet for example on that favorite even though one did follow all the signs and found the correct market etc before placing the bet.
Hi peter. Im a punter. I bet on draws. I thought about learning to trade on betfair. Scalping the market on over/under 2.5 goals by 2 ticks was of interest to me. Then it occured to me for every $10 i invest ill only profit about 1cent. & a losing trade would cost me 100s worth of winning trades. All of a sudden it doesnt seem very profitable.
You should think about trading like betting. When trading you only risk part of your stake on the up or downside, so you should never been in the position to lose your entire stake. It's a common thought that is incorrect.
I can tell from your comments you are over reading into things. Each situation is somewhat unique, but I have to condense it into something I can present and show. So necessarily I have to truncate and summarise. Each specific example is more important to read on it's own.
Easily one of the most informative and instructive videos so far, but only in conjunction with many of the others that lay the foundations. Very helpful and very much appreciated, thank you :)
Thank you for your comment.
How generous of you Peter to share your knowledge over 20 years of experience starting from scratch to give us all great a head start to trading from one of the most trustworthy people I have never met
lol, you are appreciated more than you know, your one of the good guys
Thank you, that's much appreciated.
Great video Peter. With every video it becomes clearer and clearer.
That's good to hear.
Wonderfully clear and informative. Thank you Peter.
Glad you enjoyed it
Excellent video Peter.. felt different to previous ones and has really helped. Cheers
That's great to hear.
Another great video, thank you. Can't wait for the full version in the academy. Following on from this, I have been trying to find the Underground Trading video, but without success. Thanks again.
Thank you Peter for a very informative and well explained video..top notch😉👍
Glad you enjoyed it
Thankful, clarified points for me
Your'e welcome
Great video Peter👍
extremely useful info there, thanks PW!
Thanks for your feedback, much appreciated.
Fantastic, I've learned a lot
Thanks for your feedback.
I felt your pain teaching us on that steamer, but you didn’t trade it, bet your head almost exploded 😂😂 fab video Peter, may I ask, I’m buying a desk top after using a laptop for years, how can I transfer my bet angel set up without having to start all over again setting it up, thanks for the top notch help over the years and a merry Xmas to you and the family 👍🏻
What @MrKarlpotter said. Thank-you for posting this.
Thanks for your thanks. That's what makes it worthwhile.
Thanks man great video
Insightful video... thanks. Maybe you try to sit a bit away from the green screen and/or avoid putting too much light on the green screen so your head/hair doesn't have a green tint... I'm having best results with at least 5 feet distance ;)
It's lighting I struggle with. I was thinking of converted part of the garage to a proper studio when I finally clear all the garbage out of it.
Great video..My question is what percentage of the market are traders ,gamblers and bookmakers ?
There is some data that was released back in early 00's. But traders were small by numbers but large by volume and the opposite was true.
Nice video
A simple question Peter : based on your long experience, is it better to have a low edge strategy with tons of entry points and small stakes, or more high edge strategies with fewer entry points and high stakes? Thanks
thanks for this one. its give a clarified info
You've said before that you run 5-6 strategies daily but are those strategies from a bigger list of strategies? Or are they just those and did how many times did you adjust the strategy from the original. Do all the strategies originate from one strategy? Also how do you define a market? Do you look for certain characteristics? What are these characteristics?
I started with just scalping many many years ago and gradually built out from there. So the strategies branched endlessly.
Lots is discussed in this video - ruclips.net/video/DZEiNaXVWSw/видео.html
How do you go about choosing strategies for markets for automation? At what time before the first market starts do you decide which strategy to deploy?
At the start of the day I load all the markets into Guardian and decide then what I will run on each race.
When trend trading , how long has the trend had to be " trending " to confirm it's a trend ?
So would you have backed it before it hit 2.0 or waited until it broke 2.0?
Peter gave away so much of his knowledge in the last few months that I think he is planning to retire soon.
No plans to retire just yet. I think for quite a few years I'll keep turning up for the big races even if I don't do as many small ones.
How do you assess a market for selecting an automation strategy? Do you go through the markets and look for markets that would suite an automated strategy then trade the others manually and then choose which manual strategy you think best fits those markets?
Over time I've developed strategies that work in different markets. So I run different bits of automation that simply exclude themselves from certain types of markets.
Way more than useful! It is like I just received a compass for a very complex jungle map
Can I ask for some pointers? I was trying to build a bet angel automation rule the other day for a steamer. I realized upon execution that the automation did work, but I had a challenge. I observed that sometimes, the price could freeze on a certain point and then suddenly a large chunk of money comes in and triggers the 10 or so ticks I set. Is there a way to make the automation detect a somewhat steady drop in price so that it's not just going off at every injection of large amounts of money?
Automation can do pretty much anything, but takes a bit of effort to implement. But it's perfectly possible.
Is there an optimal time before post to deploy this strategy? or maybe a time when this would be too early or too close to post to NOT trade with this strategy? maybe due to not enough liquidity or not enough money matched in the market yet, or close to post not wanting to trade against other traders dumping liabilities causing too much volatility
Always the best time to trade is when liquidity is high and building as that allows you get exit a position for a minimal loss if it all goes wrong. That will be slightly different for each market.
hi peter iv,e just downloaded a rules file for lay the draw predicted odds after a goal is scored home/away,hopefully done it correctly,selected a game but nothing has showed up on screen will this kick in after kick off or when
many thanks bob
Thanks for trying to increase the liquidity on the favorites!
You're welcome
I ve never seen mentioned anywhere and nobody questions the posibility of betfair being a place made by bookies so they can just get out of troubles??when you ask who makes the prices on betfair ,you get an answer like... ,,us,the traders,bettors, etc" but how can that be when for example in a greyhound race ,there is no money matches 6-7 min before.it is actually 1 and a half min when you can actually see something.where were all the traders and bettors during that time? Or do they all just talk to each other and say let s get in now ?if you ask me..i think betfair is a platform for bookies and then you as an individual are allowed to take part in that and then 1 maybe 2% of those people will actually trade.i ve been trying to crack betfair ever since 2000 and all i ve heared was that we can be the bookies and ask for the price.yeah,you may have some info about some football team and you gonna play x strategy because you know there are gonna be thousands of goals and blah blah or you know about a 50/1 horse that is in good form because you followed it and all but to actually trade on betfair the numbers,i think we are doing it wrong and we only look on what we are told which is infact a strategy by smart people.i would like an argument about this and i would like to be proved wrong but i think betfair is actually the bookies and me and you are just some people invited to the ,,party"
I'm pretty familiar with who is on the other side of the fence and it's a right mixture of all sorts of people. There is no conspiracy, but the lines can get fudged a bit here and there. But it's the best solution and so much better than traditional bookmakers.
@@betangeltv i think there should be a clear explanation of that because it would make sense.at the moment it doesn t make sense how the people who are betting ,not trading at betfair for example,how is that possible that pinnacle has the same price as soon as that price on betfair has moved.i have watched and i would like to know if possible what is the mecanism. If bet 365 for example would price one horse higher than betfair,that price would most certainly adjust within seconds,if you can spot them of course.so my question is,can we get an explanation of how bookmakers and betfair adjust their prices ?
Do Bookmakers have a strategy for each market? or they dont need it as they always have a margin, thats their egde.
The latter, they don't need to worry as they win whatever!
wow is that your garden
Beleza.... entendi tudo.
so when u say unusual things that might happen that create losses.... what kind of things do u mean by that ? can u give some examples... ?
i mean if i had backed the favorite at 2.16 and later it start to drift instead of coming in... what are the chances that will happen if not the favorit horse break his legs 10 minutes before the race or the joke get injured etc... and if something like that happen what will happen to my bet and money ? do i get it the money back or do i lose ?
i hope u can explain such scenario and what to do in them or how to hedge the bet or recover some losses before losing 1k bet for example on that favorite even though one did follow all the signs and found the correct market etc before placing the bet.
Your internet connection could go down, you could have a power cut, or your computer could freeze or the exchange could have an outage.
Hi peter. Im a punter. I bet on draws. I thought about learning to trade on betfair. Scalping the market on over/under 2.5 goals by 2 ticks was of interest to me. Then it occured to me for every $10 i invest ill only profit about 1cent. & a losing trade would cost me 100s worth of winning trades. All of a sudden it doesnt seem very profitable.
You should think about trading like betting. When trading you only risk part of your stake on the up or downside, so you should never been in the position to lose your entire stake. It's a common thought that is incorrect.
How can you have a "Steamer" trading at the top of its trading range? 12:26
Also if it's at the bottom of its trading range, you said you would be looking for a bounce. Contradiction.
Because it's about to steam
I can tell from your comments you are over reading into things. Each situation is somewhat unique, but I have to condense it into something I can present and show. So necessarily I have to truncate and summarise.
Each specific example is more important to read on it's own.
Really good video, thank you. I cant seem to find the full version at the academy. What section is it in please Peter?
Haven't had the chance to upload it just yet.
@@betangeltv Sorry, I was jumping the gun. That’s quite ironic actually considering a big point made in the video is patience :)
Cool...
I hope someday I can hug you to tank you.