Betfair Trading Q&A with a Real Trader | Send Your Questions
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- Опубликовано: 2 июл 2024
- Get your Betfair trading questions answered by a real trader!
Whether you're a beginner or experienced, ask me a question that will help you improve your Betfair trading skills!
Put your question in the comments below and / or like a question you see in the comment. I will have a look at the most popular and interesting questions, and will answer them on a future video.
I'll leave a least a week for questions to arrive and will pick the most popular / interesting questions.
#betting #betfairtrading 
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Hello Peter.
Here's my question:
Do you have a view on how to trade in and around the 2-minute explosion which takes place before every horserace now? It doesn't matter when the race goes off, but when the clock signals 2-minutes before the official off time we always see considerable amounts of money come in, prices fluctuate wildly and then settle. This happened at Cheltenham for every race as well. I'd be interested in your thoughts. Thanks a lot.
How would you set up a routine for people who have a full time job (8-4)?
And not really about trading tips, but who do you feel are the genuine/good guys of the industry? I've always gotten a good impression from you and Caan, while some others feel more sketchy. Who are "your" guys?
Hey Peter I think a very important question as far as I am concerned is in Horse race trading which strategies suits which types of races, that would be a tremendous help to us beginners, even a clue would help, and obviously save so much time and money searching. Thx.
Hi Pete, If you had to start over again in trading, which market would you choose and how would you proceed?
Likely a perennial one for us newbies: do you think the continuing rise of automation will affect the outlook for sports traders at all in the next 5-10 years, particularly in stats-driven markets like football and tennis?
Do you have serious fears about the future of horse racing and so trading horse races, given the headwinds it is facing e.g. Affordability checks?
I think it will only really effect those that are ‘high earners ‘
Hi Peter, I would like to ask you if you could elaborate on how to build your own model on a mathematical level to apply to football matches and perhaps which model would be best suited for this purpose. And especially what knowledge is needed to implement a model. If you could give us some hints for those who are starting out and would like to try to anchor their choices as much as possible in solid objective data instead of personal opinions. Thank you so much!!
Many greetings from Italy 😉
Michele
Hi Peter,
When is the book coming out? I have watched every RUclips video, I have done the training videos through BetAngel and now trade through your software. I'm sure I'm not the only one who would love to read Peters version of The Snowball. Starting BetAngel, best trades, worst decisions, bike fails, I think there would be more than enough detail for an absolutely belting book
How often do you transfer money out of betfair?
Hi Peter. How do you typically manage your Betfair balance? Do you leave a certain amount in the account so that it is always ready to use? Also, forgive my curiosity but, can you give me a rough idea of how big your standard working balance is, when trading? Do you have any other tips or insights about managing our funds in betting exchanges?
Hi Peter. When trading horse racing do you or don’t you routinely use a stop loss, and why?
My question Peter is not about trading but betting. I enjoyed your video about backing winning favourites, is this your most profitable type of bet, or would be grateful for any other types of betting you are successful with. I mainly bet weekends on horses and a little bit of football. Thanks for your work and time 👍
It would be really handy to have a few more options on the green up function so at present you can green up for an equal PL but I often want to green up with one side returning zero and so the other side gets more of the profit.
Hi Peter,
I know you trade Win markets, but I can't remember you doing a video on the various "Place" Markets.
How would you approach Place markets to perhaps trade or find the best opportunities to Dutch/Make Market or lay selections?
How can traders use TPD ( in a photo- finish ) to be as good as track/drone sider ? are there hints on the ladder/ vol. price action to suggest a possible winner being heavily backed and looser heavily layed?. Or listen to commentators on old an old ?
Appreciate all the work you have done for us and thank you for your patience .
Cheers😃👍
Is there a most important statistic you use for pricing horse races, similar to how you use expected goals for football?
When setting up advanced charts do you have any tips for optimal settings ie duration of a price envelope, average line etc?
Thank you
Thanks for this Peter. I've noted down more than a few questions while binging on this channel the last few months - I'll post them separately should any get voted up...
Are there sufficient repeatable patterns in pre-off horse racing to trade fully automatically or is manual trading always a requirement to maximise profits?
Building your mindset to except a loss and move forward with no emotion (especially at the end of the day). How did you accomplish this and what advice could you give on maintaining the above. Thanks Peter
Hi Peter, I would like to know three things:
1. How long took you from start trading horse racing and finding a method with + EV?
2. What do you think of the future of exchange? I’ve recently moved to Germany and unfortunately betfair does not offer their services in Germany anymore. It seems the industry is killing the exchange just to focus on bookmaking and “the house always win” side of business.
3. Would you offer by any chance a classroom course? I know you did in the past, but also know a lot has changed since then.
Thank you.
P.s: Greetins from Brazil!
How accurate is the statement that the BSP reflects the true probability of a runner winning a race?
I simply would like to know what pointers you use for pre race scalping. I can't seem to get my head around it? 🤯
Dont scalp the markets until 2 minutes from post time. Make sure high liquidity and money is hitting the market. Always watch the betfair video while actively trading, never trade without the video.
Learn to cue positions in the market early so they get to the bottom of piles of money meaning your matched 1st this is highly important for scalping for single ticks. Dont panic if the market moves away from you, never chase the price movements, let the market come to you.
RACE QUALITY IS CRUCIAL - scalpers need to look for strongly formed markets where volatility is less likely to catch you on the wrong side of the book. ( GROUP or Grade 1-2-3, Handicaps )Tv exposure also attracts more betting and money into markets. Weaker betting markets will be volatile and prices can move considerably for no logical reason. ( Maidens and Novices ) best for swing trading.
My advice learn about race types, not horse form! and which races will be more suitable for scalping. I would say 70% of races are volatile and should be treated with a swing trade approach. The remaining 30% might be suitable for steady scalping.
What are the key indicators when trying to establish if the favourite is likely to drift or steam?
Thank you
As if he is going to tell you that. 😂
@@thescallytrader Peter has told you that!! in many of his videos..........supply and demand, if more money is available to lay, the price will drift, if there is more money to back, the price will shorten, simples! 🙂
Hi Peter, slightly personal. Have you applied for mortgages/loans since the start of your trading career? If so, how do lenders react when the majority of your income is trading/gambling?
When you started you read the markets by reading order flow alone because of your lack of knowledge, could this method of cold trading still be done in today’s markets?
How do you decide you have enough data before implementing a strategy ... and at what point would you bail on something that appears to be no longer working ... keep up the good work 👍
1) Regarding your automations, are your most successful ones high/low on rules, high/low on conditions, do you have a Fat Finger Finder that covers multiple sports 24/7?
2) Do you make much use of servants in real trading or stored values and signals in automations or are you too old-skool for that?
3) Is Dallas a real person or an alter-ego?
4) Dallas, is Peter a real person or an alter-ego? 😄
Are you planning a livestream once the racing quietens down this winter? I may have some more questions to bug you with by then after I get my feet wet with my first trading stint. Hope these ones help ;)
How do you keep the Photinas, Rhododendrons and Choisya looking so good?
probably the best question so far
Are there going to be any new additions to the advanced charting, I'd like to see maybe footprint charts and tape, or accumulative LTP like you see on the Jigsaw ladder?
Thanks Peter, two questions if i may. If you had to pick only one sport/trade style for the rest of your career what would it be and why?
Is there any plans for any fresh tutorial videos on the Bet Angel academy site?
Thank you for your efforts and information.
I've glanced over the forum and watched your videos on the premium charge (great BTW) - it seems it's possible (though not necessarily easy) to knock the higher rate charge down by generating more commission, but is it somehow more difficult to avoid the lower 20% charge altogether? (Granted I've yet to look into this in any detail...)
can I come and work for you
Do you try a few different strategies/things at once Peter - Or do you try one thing until you work out whether or not that one thing is profitable for you?
I don't think you ever went into detail on this channel on the reasons betting exchanges never ousted the bookies as you initially expected back in the day. Is there a short answer you'd care to discuss here, e.g. in a word: "advertising"? (You once mentioned that this is an in-depth topic - I'd be very interested to hear the long version sometime.)
I know the very basics around how betfair trading works but what would be your best advice for how to start in say horse racing trading?
I have been watching your videos on predicting football matches and trying to follow these. Initially things were going well but in the last few weeks it's all fallen apart despite not changing what I'm doing. I appreciate that this is very vague, do you think recent premiership and championship results have just been anomalous? Is it time to approach things differently?
I come across a book by Anna Coulling - Volume price analysis is this something that could be used to read the pre off markets or they too volatile to get a accurate reading in such a short time period?
Hi Peter
Apologies if this has been covered before & Understand you may not be able to give away too many specifics, as might not want to share info with certain markets, etc.
But do you trade Ante Post horse races? Or any other markets ante post?
If so, how far in advance are you prepared to risk placing your bets?
Match selection for lay the draw. What do I give priority to ?
Do you think the future of live pictures is in jeopardy with broadcasters moving over to streaming formats and doing away with fast feeds?
I have started to have this problem with tennis with livestreams going with Sky Tennis emergence I had sports package for years but got rid of it in 2023 though even if I had sky sports the delay is longer
It appears it's been many years since you made a video on Betdaq or other exchanges. As a tennis trader with a small starting bank of say £1000, would I generally be better off sticking with Betfair instead, even if we're only talking about bigger events: the slams, masters and other big main tour tournaments? (Of course the question can also apply to football and other sports.)
In a previous video your advice to new traders was to pick one strategy and try to master it. If you could recommend one football strategy for a new football trader to start on what would it be?
When it comes to advanced charting which is better, set it to plot the back price or last traded price and is there much difference between the two?
Hi Peter! Great work mate keep it up. My question is: I have recently been looking into trading but have just stuck to the training mode. Would you advise just staying in the training mode for let’s say a year until I have a understanding of the markets before going into the real thing or do I have to be in the real markets to learn? Again great work and brilliant videos ! Have a good day
Hi Peter, late to the party as usual, but if you've got time to fit this in, I'd be curious to know your view. In pre-off horse racing markets and leaving out the obvious, money available in the market, proximity to "the off" etc, how important is race type in your assessment of market volatility?
Hi Peter,
I understand your favourite type of trading is using order flow on the racing markets, in particular the large meetings due to the conditions they provide allowing you to win more frequently. If those conditions are large volume, constricted trading ranges and slower moving markets, why do you not focus as much on pre match football trading as surely they present similar characteristics?
My question: Why would a newcomer get into trading on Betangel knowing that highly experienced people like Peter Webb are on the other side of my trade ready to take my money?
Have you noticed the drop in money for pre race trading and do you think this has effected how you trade and your effectiveness to trade in the markets? Also do you think in play racing is more of a viable option if this is true?
Hello Peter
I want to ask what you do in tennis match when you Lay the player who is break up and there is no rebreak and he wins the set. Do you close for loss and switch on other match ? Or you search for opportunity to recover the loss ?
You lay before the match strong fav and if the player is not break down and wins the set you close your position after the set is finished or you wait until the end of the match ?
Last question, when you decide to stop trading tennis match? After target profit is meet, after 2,3, etc breaks/rebreaks occur in current set or maybe if player reach 4-5 games in current set.
Thanks
What sort of ROI do you average at? So not in relation to turnover but rather to the set level of risk involved in your various strategies? I'm wondering whether there's a significant difference between trading and betting in this respect.
How has the Australian season been relative to previous years. USA any update?
Do you Bayesian Statistics to estimate value runners in horse racing? Thank you.
Hi, do you ever watch videos from other YT channels on trading, to see if you can improve on any parts of your own trading or to see wear others are going wrong? Have you ever pointed out or corrected there mistakes
Regarding the LTP ladder feature how is it best to interpret that data as it flashes up on the ladder? Sometimes I see large amounts for example traded at the current back price, sometimes the price comes in but sometimes goes out but I'm guessing this is an important feature that can predict future direction. I can't seem to work it, any tips?
Which stream do you use to watch horse racing? Mine seems to be significantly behind the market
The in running market of the Grand National with Betfair highlighted some worrying issues with the platform. Money appearing on both sides of the market with conflicting values, something serious happened and was discussed at the time on the BF forum. Following on from that whose money is actually in these markets?
Hi Peter, what advice would you give to a new trader regarding how they should go about establishing a long-term edge?
what are your views on the inplay horse racing markets? would you only automate?
I'm finding liquidity is really down in play this year
my strat is AW inplay so my margin for error has really eroded
How has in play volume and liquidity changed since the introduction of TPD to a wider audience through BA integration?
Inplay volume is down this year
Hi peter
will you do another betfair office open visit?
I really regret missing the last one you done years ago
How do you approach increasing your stakes when you have a betting strategy. How many bets gives you enough confidence to bet with larger stakes? Also how would you personally scale, for example a straight lay betting horse strategy?
I would like to know how i can determine fear and greed on the charts and the intensity of fear and greed ? Would that be something that charts could show ?thanks !
Hi Peter! I how do you typically manage to recover if your trade on horse racing is going against you?
Thank you!
He doesn't do anything to recover, just bail and move on :)
ruclips.net/video/cTGcMyrP-Rc/видео.htmlfeature=shared&t=669
Peter.I live off grid using a smart phone wuth 12 volts.Can I use software with this set up.Paul.North Herts.
I got the impression from a previous livestream that topping leaderboards and breaking records is a big incentive for you at this stage in your career - if that's true then do/will you publicize any details on this or is it a personal thing for you?
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. I followed the steps described in the Betfair Trading Crash Course " Manual trading on betfair " section. I assumed I would win a small amount but lost :(
When starting out, how to dealing with a significant loss?
Forget it and move on , only way you go forward
Do you still use betfair seeing as they have silly high premium charge? I think you said you also use betdaq. Do they have enough markets and liquidity? What are your thoughts on the other two, smarkets and matchbook? Cheers.
What do you do with all this money and what drives you to keep going
HI Peter,
Question more about Bet angel automation than trading.
But do you have any plans in guardian to include some Cricket specific type conditions?
Would love some framework to automate cricket trading as you would know its one of the largest markets on BF and inplay its a highly liquid market.
cheers, and thanks for the content.
Desmond.
Hi, We would love to do this but the licensing costs are horrendous. This is a common problem we have, there are lots of things we would like to do, but the cost of doing it is often prohibitive.
Lots of sports monetise the data and while we could find a way around this, if pulled up on it's use, it could be fatal.
what do you think about the new thread in the forum from someone that works for betdaq i noticed you haven't commented in it yet. do you think it will ever compete with betfair and are there any plans to put more development into bet angel for betdaq?
I suggested to Betdaq during a recent meeting they reach out to the community, so I've not got involved to ensure I don't accidentally steer any dicussion.
Betdaq is much bigger than is has been before and I often use it at major meetings.
With regard to upgrades. Historically, people said if we upgraded it, they would use it more. So we upgraded it and...... there was no pick up in usage. So that sent us a clear message that adding features and upgrades makes no difference to usage.
It's a free product, so we need usage to be way above where it is now for us to consider any upgrades.
Hi Peter, looking to trade again. I’m cautious about how depositing into betfair will flag up and potentially get a limit put on the account.
How do you get around depositing and becoming restrained by BF to be able to do this as a living?
It's easy for me. I only withdraw, never deposit. I just keep a working amount available in my account.
For people who aren't in that position and trying to get established. I suggest drip feeding deposits into your account each money until you have a sensible balance.
@@betangeltv Thanks for your advice, Peter 😀
I can make 3 or 4 or more successful trades and 1 can wipe the days work out, What am I doing wrong
My betangel is showing unhandled error..can anyone tell how to fix it
Hi, I have a theory what works ... well in theory but I need opinion about where I am wrong, so, if I constantly bet on top team in exchange to NOT to have a draw I should win most of the time right?! and if there is a draw I jus double it or triple it next game to cover that lost .... Should work right? But if it's so easy every one will be doing it.. Am I missing something here? Please explain. Thanks.
yes I can show you a screenshot of today why that will not work funny you put this on here today as just looking at today can see why these kind of things in theory fail of course you could find some kind of angle with stats and other info e.t.c ---------I just went through incredible run of losses today if I was trying that today I would of lost 1000s if I kept doubling my stake on a decent stake
You’re joking right?
I believe that's known as a Martingale Strategy - do some reading on that, like the others have said, it's a bad idea.
Did you say that if you laid the favourite at good quality tennis tournaments you would make a profit, the reason Im asking you is someone said it to me. Thank you
That's laying all that matches in the tournament
Why did betfair withdraw ftse betting?
Q and A Vid. So where are the answers?
I said during the video, I'd reply with some answers on a new video. But it wouldn't be immediate as other videos are in front of it.
Why do you never/not in the last few years at least , show ' training ' videos from the big meetings eg Cheltenham and Ascot where you win your biggest trades ? You say they trade differently to normal days but don't show us your techniques.
I typically cover this in the run up to these big meetings - ruclips.net/video/lk-tB9CiMK8/видео.html