How to Make Money from Arbitrage Betting, then take it to a whole new level!

I'm going to share with you how I made money from arbitrage betting but took it to a whole new level. I'm not just talking about making a bit of extra cash on the side, but something that made me quit my full-time job and more or less bet for a living.
Arbitrage betting can be a great way to make some extra money, and in this video, I'll show you how I approached it.
I started off going to bookmakers and placing bets there. But the pickings were pretty slim.
When Betting Exchanges were born this exploded the opportunities available to arbitrage. You could back with a bookmaker or sportsbooks and hedge your arbitrage bet on an exchange.
You can still do this sort of thing with a lot of sportsbooks, like Bet365. But you will probably be quickly limited as a 'sharp' customer.
However, realising the limitations of traditional arbitrage betting, I quickly moved on to another form of betting, which allowed me to scale up my stakes and profits dramatically.
This video is the story of how that happened and what I did!
If you are interested in learning more about Betfair trading. Watch these videos: -
Betfair trading doesn't need to be rocket science - • Profitable Betfair Tra...
Profitable betting and trading - • Betting Tips: The secr...
You can download a free trial of Bet Angel here: -
www.betangel.com/betfair/
#betting #arbitrage #betfairtrading

[@googleaccount4470]

I've just been born into bet exchanges now... But from what I heard from you... Wow. A truely inspirational under the radar behind the scenes brilliance.

[@betangeltv]

Thank you, that's very kind.

[@happytimes88]

Thank you so much for your time and content. Can I please ask how you come across these opportunities? For example you show the Redcar ARB how did you see that as a potential trade?

[@betangeltv]

The exchanges markets move so quickly that bookmakers are nearly always playing catch up with them. So I just watch my Bet Angel screen and pounce when the market gets out of kilter.

[@hollymassam5893]

Hi, as a full time trader on the exchange do you have to have a business bank account to do this? or is your bank ok with large withdrawals from betfair going into a standard bank account / betfair exchange being main source of income into bank?

[@betangeltv]

Never had a problem with any bank on this front. Typically, you have problems the other way around, i.e. depositing money to a betting company. But that would only be an issue if it was excessive. I imagine the whole thing becomes less of an issue over time.

[@user-sg8ut8so4v]

Is there a video playlist in your academy teaching this?

[@eu4ia964]

Hi Peter, How do you recognize a horse whose price will go down? I noticed that from the early morning until the start of the race, the odds fall a lot on the favorites, do you have a video about that? Thank you for your work.

[@betangeltv]

I've lots of videos on specific market dynamics and strategies. I must group them all together really. But here are some examples: - kzbin.info/www/bejne/mJW1nHyQmrWgj6M kzbin.info/www/bejne/Y32cmaSdn9KLeMk

[@drknappstein3762]

The problem is trying to get your bets matched. The risk of that wasn't explained.

[@brovashift]

4.20 mins

[@ryan9742]

There is no guarantee of getting it matched. You might lock in small profits here and there but when one side of your bet is matched and the odds drift in the wrong direction you can say goodbye to all those smaller profits

[@botbets1821]

HE clearly said towards the end of the video there is some risk.

[@betangeltv]

@BotBets - Ultimately, trading is all about taking risks, not avoiding them! I think people struggle to come to terms with that.

[@betangeltv]

@DrKnappstien - I have explained this in-depth in other videos. This is a good one - kzbin.info/www/bejne/oZWtfqmnhL9-btE

[@samsonyahaya]

What if the first one gets matched and the second one doesn't? Doesn't that leave you open on one end? Can you then cancel the matched bet, and doesn't that affect the other person that has matched with you?

[@betangeltv]

Trading is a balance of profits and losses - kzbin.info/www/bejne/oZWtfqmnhL9-btE

[@denze8229]

hi sir, how to you prevent the sportbooks of finding out and how do they find out??

[@betangeltv]

You more or less can't unless you do a bit of multi accounting.

[@telephonehelpline]

How did you get a bet on 365, do you still have account with them ?

[@betangeltv]

When I changed address a few years ago they let me open a new account. But I rarely use it. I don't really bother that much with arbing nowadays as trading keeps me plenty busy enough.

[@user-dd9sv7cp4r]

Hi I just want a program that will take the bets directly from the tipsters and then it's gonna automatically bet them on my bookie or in bet in Asia black exchanges. Is that possible?

[@betangeltv]

Bet Angel only works on Betfair. They don't allow us to work with white label exchanges.

[@user-dd9sv7cp4r]

@@betangeltv and can read tipsters bets and place them on exchanges?

[@betangeltv]

Yes you can - www.betfairtradingblog.com/import-csv-data-bet-angel/

[@techmark2721]

How do you decide exactly where to put your back and lay orders as compared to the current price?

[@betangeltv]

In a very competitive race where the is a lot of money in the market, you can simply offer both a back and lay bet and they will very likely get matched. From there you need to put a little more thought into what you are doing.

[@manuelmeireles1825]

@@betangeltv you do it in pre live ou live horse ?

[@betangeltv]

Pre-off, much riskier InPlay

[@samsonyahaya]

@@betangeltv What if the first one gets matched and the second one doesn't? Doesn't that leave you open on one end? Can you then cancel the matched bet, and doesn't that affect the other person that has matched with you?

[@albrooks2702]

Pete should Betfair stop Russians from using this platform because of the war ? Great video by the way I always watch and 1 other question have you tried the bitcoin betting exchange yet ?

[@betangeltv]

I have dabbled with bitcoin betting exchanges, but didn't work for me. It's difficult to get value when the underlying 'asset' moves so much and when the market is so thin anyhow.

[@gauravdeshmukh604]

I use bet angel but i find it really difficult to use it for arbing , how can i solve this issue ?

[@betangeltv]

It depends on what you are trying to do and what you want. We always welcome feedback.

[@keithplummer8214]

Really enjoy all of your content Peter. So many pearls of wisdom, especially the one about working ‘bottom up’ on number of markets rather than ‘top down’ on daily profit target. What are your thoughts on the following formula: £20k bank, Average of 15 events per day. Is £800 profit per day quite doable? Where on the risk scale of 1-10 would this daily profit fall if it is indeed entirely possible? What type of strategy might be most likely to work given those numbers? If that formula looks unlikely, which of those numbers would you suggest I adjust to make it more likely to succeed? Bank size, number of markets or daily profit estimate? Thanks for your steer.

[@betangeltv]

Thank you for your comments. You will never need a bank of £20k. I work with a much smaller bank like that and generate significant returns. I wouldn't set a daily profit target at all. Opportunities vary from day to day and all sports show weekly variations and a lot of seasonality. So I go for it when conditions are right and play defensively when there is a lack of opportunities. If you try to make £800 each day you would be up there with people with vast levels of experience. So I think that's unrealistic. If you have never traded before, you need to get a good grounding before attempting to push toward profitability. So, while it's good to be ambitious, you should be realistic to start with.

[@keithplummer8214]

@@betangeltv Thanks Peter. That’s a very helpful steer and I’m very grateful to you for responding to my questions. I suppose I’m just trying to do the maths and see if there is some kind of rough formula / equation that can apply in terms of bank size, number of markets, level of risk and daily profitability (averaged out over course of year to account for losing periods and seasonality)? Taking your advice on bottom up, if I, on average, target 15 ‘suitable’ markets / events per day and trade out a profit or loss of £100 per event, then a 80% strike rate would deliver a £900 net daily profit (win on 12 events and lose on 3). Is that right? Given the above, is my objective here to find a strategy that works for me and that delivers an 80% strike rate? And if £100 profit/loss per event is my aim, then what bank size is appropriate for making that realistic from a risk perspective? Would £100 profit/loss per event really put me up against the big traders? Just trying to use maths to guide me here. Thanks for all your help.

[@betangeltv]

All the maths and projections are irrelevant until you start trading. So I suggest that is where you start. While I make it look easy, most people lose money when they start as there are many hurdles to overcome. So I suggest, rather than make projections on how much you could make. Maybe start the process of trading first and build from there.

[@keithplummer8214]

@@betangeltv Thanks Peter. I completely get your point about starting first and then building from there. After all, that’s where I’ll do all my learning (and make my mistakes!). But I was just intrigued with your bottom up approach by targeting a suitable number of markets rather than a daily profit, which I think makes complete sense (and which is what I’m trying to do here). And I need some sort of maths even in the early stages in order to understand appropriate bank size relative to stake size and target trade out points. Hence my questions on this topic. I’m also mindful of it being a worthwhile use of my time (appreciating it is a long term game). I’d sooner start with, say, a £10k bank (that I’m comfortable losing) and be seriously disciplined about trading out at a £100 profit or loss per event than start with an unrealistically small bank that will likely lead to blow out. Which of these numbers would you suggest I change, if any, in terms of a platform for success? It’s just helpful for me to know whether I’m ball park or way off. And please be honest! Bank £10k Average daily events 15 Profit / loss trade out point £100 Strike rate 80% Is the main purpose of the bank really to just withstand a losing run, if required? Is 80% strike rate realistic? Is there an appropriate initial position size relative to bank size figure to stick to? Or perhaps a position size to trade out figure ratio you’d recommend? I’m just trying to benefit from your knowledge and experience to approach the bottom up method in the best way. And you can probably tell that I do like to apply a mathematical method to it all. Thanks Peter.

[@betangeltv]

I would use a smaller bank, and trade more events for less profit.

[@grahambeyer6254]

What if your lay bet does not get matched? Would you hedge for a loss?

[@betangeltv]

Yes, but not always. Price action follows a meandering path through the market. So if I think the trade no longer meets my entry criteria I get rid of the position.

[@samsonyahaya]

@@betangeltv What if the first one gets matched and the second one doesn't? Doesn't that leave you open on one end? Can you then cancel the matched bet, and doesn't that affect the other person that has matched with you?

[@lewiscoates1691]

So what you’re saying is that you can essentially create your own arbitrage opportunities within the same exchange?

[@betangeltv]

That was how I started, yes.

[@adriandib]

does the Bet Angel Course cover all this

[@betangeltv]

More focused on trading, if that's what you were asking?

[@kattahmawuli7630]

Hi. Please am in Ghana but all does sites are not in my country. Please can you help me create an account with them

[@betangeltv]

We can't help you with that, unfortunately.

[@iain777uk]

I would love to use this software it looks fantastic, my problem is it look quite complex. Time to put my learning hat on

[@betangeltv]

It is more complex than your average back-of-the-bedroom sort of thing. But part of that is function of how it's developed over the years with a view to take advantage of all the opportunities available. It sort of takes on a life of its own! But you can learn quite quickly but just putting it into practice mode and having a play about.

[@jimipet]

@@betangeltv Hi, does betangel shows you automatically arbitrage oppurtunities like the oddsmatcher (you probably know it). Or you have to manually find them? Thanks

[@seychelles44]

Haha…Nice one! They say the proof is in the pudding, I wonder what TH has to say about that!

[@richrichierich8902]

hi Peter , are think your videos are great , but how come you can trade millions and spend , you have said 14 + hours on betfair , lots of people now are having to provide financial details and are been quizzed on how many hours a day they spend on the exchange , it just doesnt seem fair , yours and anybody else who has an opinion would be great , thanks

[@betangeltv]

The affordability rules that have been put in place are there to protect people who are losing money or keep putting new funds into their accounts. So I'm unaffected by these sorts of rules. Also, when trading, your balance becomes available to you after every trade. So there is no need to carry a big balance. I need very little in my account to trade. If I had £1k and trade 40 events in a day that's £40k in turnover. If I do three trades on each market that's £120k in turnover. My RoI will be very high, but my risk and bank, very low.

[@richrichierich8902]

@@betangeltv Peter , many thanks for the reply , i ve actually started doing some match betting and am doing quite well , only problem is the lay part of the bet is often winning so it does nt look so good on betfair , when overall i am profitable

[@betangeltv]

Y, that's a real problem.

[@radovankozma8539]

I kinda wanted to see web what u guys do after i watched that video but the page is horribile. Look like it travelled 20 years back in time .

[@betangeltv]

LOL, I'll admit it needs updating. We have had a new site already, but not been published. We've invested all our time in the software TBH.

[@RandomClips27.]

Do you have an bet angel app yet??

[@betangeltv]

We couldn't write an app with all the features of Bet Angel. Also, no app store allows us to charge for a product. So that limits what we can do! Most people use a VPS and connect to the VPS from their smartphone. That gives you the best of both worlds.

[@RandomClips27.]

@@betangeltv Thank you for your reply

[@liamquerido7366]

What is the best way to mitigate execution risk? I have an arbitrage trading strategy that places three bets anytime an arbitrage opportunity exists. The problem comes when one of the bets cannot be matched, but the other two can be. I have considered using the MatchMe feature and setting a liquidity filter to ensure that all my bets are matched, but is there a better method?

[@betangeltv]

Answered on the other post you make.

[@rkz8v]

Can you explain more of your arbing trading strategy?

[@white2840]

hello Liam, sorry for the question but I just became really interested, do you mean automatically?, so is it like a bot?

[@gregoryhillmercury645]

is there an course on this exact strategy i can enroll in?

[@betangeltv]

Arbing or trading?

[@gregoryhillmercury645]

this arbing strategy@@betangeltv

[@betangeltv]

No, I no longer arb that was something I did many years ago. I just trade now.

[@lubosdanis5547]

Looks like match betting is mostly dead now. After couple of years finally discovered how you can make thousands "Arbing football". Admittedly it's more advantage betting on early prices. however easy to spot drifter if you know where to look. Sadly with every bet placed I loose an account with that bookie (placing max stakes really catches their attention lol). Love watching your videos and it's really helping to stay focused as Im transitioning to exchange.

[@betangeltv]

Many thanks for your comments.

[@mozi1423]

Do you bet max with each account on a bookie? So one big shot and then ur done if i understand correctly?

[@MichaelWilliams-mo1vv]

The irony is that 22 years later the exchanges are slowly dying. The bookies are very much alive having bought and then controlled and subdued the exchanges.

[@betangeltv]

Worst thing to ever happen to Betfair was appoint Breon at CEO. Disaster.

[@scottjefferies2256]

I like your videos usually but I don’t really see the value on this one. The first technique you used is pretty much risk free as you say.. to compare with the second one is pretty bizarre considering the risk factor? The second technique is trading as you say, yes - the rewards are much greater but you did also forget to add the risk in comparison to the first practically risk free example is so much higher. Additionally, anybody these days taking best odds and laying off on any bookmarking site are getting closed / restricted in weeks maximum. It’s not even worth risking your account these days IMO. I certainly wouldn’t if I could open an account..

[@betangeltv]

I did try and point this out during the video, but coudn't explore it in great depth as I have done this on other videos and also done some videos specificaly on profitable trading - kzbin.info/www/bejne/oZWtfqmnhL9-btE Utimately arbitrage is about taking no risk and trading is about taking risk. That would have been a good way to end the video

[@brianpattison4417]

Totally agree Scott. I watched the video twice in case I had missed something. The title , to me, was a little misleading as the second example was purely trading with the hope the odds would move in your favour. Maybe three viewings are required. :)

[@betangeltv]

@Brian Pattison - I've done loads of videos on trading styles, getting a positive expectancy etc. Yes, a trade can go against you, but that's all part of the game. I car could hit me as a cross the road, but I'm happy to take appropriate risk and still cross roads.

[@eightbo]

"My whole career seems to have been spent trying to figure out how to get 2 prices matched basically..." Haha absolutely love that.

[@betangeltv]

When you look at it, that's more or less what it boils down to. Funny, but true.

[@finmeasured3972]

Cool

[@Atlahuatl]

One day...

[@IrishBengalCat]

Problem is when your one odds get matched and the other not your fucked

[@betangeltv]

Not really, unless you are trading really badly. Every trade has risk and reward and you need to take risks when trading. If you look at this strategy it's fairly low risk but doesn't happen every race : - kzbin.info/www/bejne/mJW1nHyQmrWgj6M It's all a matter of how you trade and how you manage that trade.

[@IrishBengalCat]

@@betangeltv that strategy is rare and really only if your at the race ground. Risk reward is subjective to each individual. Risk free trades can only take place by bookmarkers exchange is risk on your on really stating this

[@betangeltv]

It's always difficult for me to comprehend how I can show people what I do and still people don't do it, or can't come to terms with what I'm trying to say. No offence intended, I just think that this sort of thing is part and parcel of how the market operates. Why some people make money and others don't. I will make a lot of money doing this strategy over the next few months and I could do it from pretty much any location on the planet. No need to be at a racecourse. I've also explained in other videos all the aspects of why trading is about taking risks when the outcome is uncertain and why that helps if you can overcome the fear of doing that. I really have tried my best, but I realise that if people don't want to try or come to terms with things, there is nothing I can do to make them. That's just the way the world works.

[@topgameworld2323]

👍

[@PaulButtrill]

I like the advice but I wish he'd stop using those silly bleeping noises. At least lower the volume.

[@betangeltv]

I can lower the volume. It's just to catch people's attention where there is something important on the screen.

[@PaulButtrill]

Thanks.

[@mamqld]

All well and good and I did have a subscription to betangel, but when I asked for assistance with my automation the silence was deafening.

[@betangeltv]

90% of the work with automation is the creation. You then reap the reward by running it on its own from there. We supply hundreds of templates with common examples and can help with the conceptual aspects of automation and what you want to achieve. But it's beyond our scope to custom create automation for you. That's something you have to create yourself. It's a bit like driving a car. We can teach you how to drive the car and so on, but only you can take it to your final destination.