Professional Trader Shows How To Trade On Betfair Horse Racing

[@caffrey75]

As much as I find your talks-to-camera incredibly valuable, I miss your videos where you give us a demonstration of managing a live trade. You've not treated us to one of those for quite some time.

[@betangeltv]

It's difficult to fully narrate a trade properly when it all happens so quickly. I'd still have to break it and pause it. So explaining it this way, gives you a bit more logic.

[@brovashift]

Sometimes I think you put these videos out just for me 😂 Thanks Peter 😊

[@betangeltv]

😂

[@temp911Luke]

Nice videos but you need to also make a video where you would talk more about WHEN to exit when it goes against you. A lot of people dont know when they should exit when they are in red. (and that i think happens more often than ppl being in green :) ) Whether its either eg. £10 profit or -£10 (loss) or for instance £10 profit or -£30 (loss). That kind of thing would be useful.

[@betangeltv]

It's not that complicated really. If you know the reasons you are getting into the market, you exit if those conditions are broken. There is no arbitrary loss limit, that's an error I see on a lot of videos. I have published videos where I cover exactly this. Have a look at this one for a reference: - kzbin.info/www/bejne/fJ_dd2udrbOMrKs

[@Cowelly84]

This is a video i will need to watch a few times. Thanks

[@betangeltv]

Thank you for showing your appreciation.

[@jwt9032]

Thank you for this video Peter and. i have never been successful trading handicap races. I never know which horse to trade. But after watching your video today I will try this strategy and see if I can turn a profit 📈 I will of course be using Bet Angel 😇 👌.

[@betangeltv]

It's usually just a question of waiting for an opportunity.

[@jwt9032]

@@betangeltv patients is not my strong point :-(

[@garyward2680]

Another great informative vlog Peter. Thank you.

[@betangeltv]

You're welcome

[@michaelcorrigan4625]

Very informative and interesting video. I find the breakdown of trading extremely helpful.

[@betangeltv]

Thank you, it's great to hear it's useful.

[@stewpot4699]

Brilliant vlog extremely well explained. 👏 Learnt something today👍

[@betangeltv]

Many thanks. That's much appreciated.

[@grahambeyer6254]

Hi Peter you still missed out some important information about the exit point if the trade went against you. Would you look to exit at around 2 mins out regardless of the red amount or would you pick a point based on a percentage of your stake say -10% and or at the low of where price had previously been around 4.5? As you always say you need to have and entry and exit point but a exit point for both ways not just in green. Could you just explain further please?

[@betangeltv]

You are looking at this the wrong way around. If you have carefully define the entry point there is no particular need to set an arbitrary exit point. If you entry is good and it holds, you ride out the profit on it. If your reason for entry breaks down and no longer looks valid you exit. it's really as simple as that. I have covered this in other videos I did a videos of two examples where the trade worked and where it didn't.

[@allanhernandez1241]

Thanks Peter!! im trying to learn a lot from you

[@betangeltv]

You're welcome!

[@James-lq1po]

Appreciate what you’re saying about the £7k lay order, but how many times do you see that get pulled just as quickly as it appears? I guess that’s where you would dump your position if the price did reverse.

[@grahambeyer6254]

Watch it for a bit to see if it stays there. If it does for more than say 1 min then it should be genuine.

[@betangeltv]

The money appear and was trying to get matched during the progress of the trade, so it was clearly somebody trying to get matched. That fact aside, this was a nice element to the trade, not an essential part. It just made the trade better.

[@elastronaute1198]

How do you setup that little yellow box on bet angel that shows you what your stake still left in the market that you must get matched against to fully trade-out is?

[@betangeltv]

kzbin.info/www/bejne/il7Epoeie7CYnKs

[@markhorrocks6557]

Peter a good video and probably your best.

[@betangeltv]

Many thanks

[@deano70md]

Good Morning Peter . I do presently subscribe to bet angel . In this video we see your Unhedged position at around £360 on the traded horse ... and you go on to say that you should " always hedge " and then we see the hedged position across all the runners yeah .. HowEver .. my question is this , If i wanted to hedge the initial £360 against say just 3 or 4 runners in that race pre-off ( instead of the whole field ) Is there an easy method on betangel that i would be able to do this relatively quickly ? Thankyou Martin

[@betangeltv]

No, it's not that easy. The way hedging works is to lay part of the profit. So say you had £100 at odds of 2.00 you would lay £50 at 2.00 and that is what creates that position. So you would need to modify that subsequent position to change the overall values. But you could do it using ditching for example.

[@alan_oz]

Thanks Peter

[@Burrie81]

Thanks Peter. Something that I always seem to get confused about is how to interpret the money (order sizes) at particular price points and how that should influence when / if you should enter at that point. Can you do a video on this?

[@kolins3733]

Hi.Peter Which Web site do you use for the horse OR?

[@betangeltv]

No sure off the top of my head what I used in this video as I can't watch it at the moment, but racing post provider their own rating as well as the official rating.

[@Mark_Robinson_]

Hi Peter, You said that the 7k order is not a back order but a lay order, isn’t this obvious because that order is sat on the lay side or am I missing something here?

[@betangeltv]

You are missing something here. It's a partially filled lay order for £8k. If you lay it appears as a back on Betfair, but I have the display reversed so I can lay at the current back price.

[@FatherJHackett]

@@betangeltv Hi Peter, great video again. Just so I'm clear on this... Unmatched lay money appears in the back side on the Exchange because back orders have to be placed at that price so it gets matched? And is having the ladder reversed - as well as being able to lay at the current back price - just more intuitive as you can easily see that money is in the 'pink' so it's lay money? Am I finally getting my head round this or talking rubbish? 😆

[@betangeltv]

All money on the exchange is money waiting to be filled. So the money you see on the back side on Betfair is from layers waiting to be matched and vice versa. When you reverse the ladder you are joining the order queue, but when it's not reversed you are taking other people's money that is sitting waiting. Hopefully, that makes sense?

[@FatherJHackett]

@@betangeltv Yeah, it does. Can't believe it took me so long to get that! Thanks!

[@Mark_Robinson_]

@@betangeltv I’ve just come back to watch this video again and only just seen your reply. I have another question that I hope you can help me with. I understand that when you lay on Betfair the order sits and waits on the back side but how do you know for sure that this order was placed on Betfair and it’s not someone in the order queue waiting to lay at the current back price on the ladder?

[@abbott100]

Do you use Horse Race Base Peter?

[@betangeltv]

Yes, I have done for many years. Just like the way the data is presented and how easy it is to extract data.

[@JonJon-rj6xo]

re the £7k order , that's someone's back order appearing on your screen as a lay order, so why do you say that the placer of that order was looking for an upward movement in price, it's the opposite isn't it?

[@betangeltv]

That's actually a partially filled lay order. On the Betfair screen that appears on the back side of the book. On the ladder here I've reversed the odds display so that I can lay at the current back price.

[@JonJon-rj6xo]

@@betangeltv a video clarifying pricing would be great. in previous videos you have commented on money on both sides of the book and the effect on prices but i have been unable to understand what you have said. May sound very basic but it is something i have never really understood and means i'm not confident of trading if i'm being honest. Probably an age thing and my cse education from 1976 meaning i can't take in detail

[@JonJon-rj6xo]

@@betangeltv can not appreciate why you say this is a lay order when the intention of the person placing the trade was to back. The true position is what appears on the betfair screen isn't ie want to back?

[@betangeltv]

Nope, when you see money on an exchange on the back side it's people laying that have not been matched and vice versa. It's quite an important principle of an exchange, the ability to offer a price into the market.

[@leshunter6974]

Dont like these talking without live trading.

[@betangeltv]

I do both so people can get a full description of the logic behind a trade. If I just do a trade, people often don't get the structure behind it.