Betfair trading - Peter Webb - How you should really be trading on betfair!

[@northpole49]

Peter, thanks for this video. This should be a mandatory view for anyone starting out on the road to becoming a successful Sports Trader. Great !!

[@simonfitzgerald8255]

I’ve watched over a dozen videos and a member this is my favourite. Clear understanding of what I am doing and given me a strategy that I am going to use

[@betangeltv]

Thank you so much for your kind words! I'm glad that my video resonated with you and provided you with a clear understanding and strategy. Good luck!

[@stuartburford3691]

One of the best videos you have done. Your calm approach is the way to remove the stress, but this comes from your planned approach to each situation. As you say you have a plan that you are going to deploy, but you also know that may not work out. Once you select your entry you then have the ability to read the situation and see if the likely hood of a positive trade still exists or doesn't.

[@betangeltv]

Thanks for your comments Stuart.

[@1faustus]

The first financial trader I knew told me that the three things you need to know before you trade are Where. When and Why. Until you have decided all three for good reason, keep your hands in your pockets or better still just get the coffee.

[@bryantbett10]

When i read this it cracks me up cause its all a Trader really needs to know, or else you blow your bank...

[@zimkitch]

Great video Peter and seen just at the right time. My free trial expires tomorrow and whilst I've only been in practice mode I've struggled thus far. Manage a handful of small greens only for it to wiped out by a single red! This video has encouraged me to take up a subscription and keep persevering (albeit still in practice mode). Keep up the great work Sir and thank you from the beginners.

[@soufianedabachil7062]

Thanks for the amazing content you've been sharing with us Peter . P.S: Toward the end of the video , i couldn't help but imagine how does it feel to be alerted by sound notifications with your own voice on every market you're trading LOL

[@betangeltv]

I tend to switch it off, if I'm honest. There is only so much of me I can take.

[@davidpowell1243]

Hi Peter having watched many of your videos as a beginner I really found this to be one of the most useful. Many thanks

[@betangeltv]

That's great to hear.

[@temp911Luke]

Fantastic example. Very helpful and educating. Thank you.

[@jossyinc]

Why didn't you lay the favourite as it was drifting which was being supported by the 2nd fav coming in? We're there other indicators that made you scalp the third favourite instead? Love to know your thoughts!

[@TheAbvefnc]

Great video peter, more like this is great 👍🏼 loved the insight into how your brain works in that case 👍🏼

[@SW-sz8ji]

Awesome stuff Peter, I love your style and I find it helps me improve my trading, so thanks.

[@betangeltv]

Thanks for the comment.

[@lewiscray8501]

A very helpful video thanks Peter.

[@thescallytrader]

You want some good advice. Don't put any money into the market until you UNDERSTAND WHY the market is moving the way it is.

[@ArtDesignHobby]

You're good teacher - the other popular guy doesn't know what he is talking about himself or can't pass his knowledge...

[@betangeltv]

Or both?

[@JonJon-rj6xo]

when the fav shot up, where you not tempted to place a value back bet? Would you have done that if you did not have a trade on the 3rd? From your experience, what % of trades that shoot up or down become profitable by placing an opposing trade to close?

[@georgebuller1914]

Ha-Ha! Thanks Peter. Yourself, Caan Berry and a few other 'Guru's' have taken a fair bit of money off me over the past 2/3 years, but this video has shown me how you do it and, by the Lord Harry, I'm a comin' for ya! :-) All I've got to do now, is raise a stake............LOL Seriously, nice video - as always - I really MUST try to implement your teachings more often and kick Mr. 'Go-in-play' in to touch.......... :-)

[@thescallytrader]

Best way to stop going in play is to never watch the horse racing. Just dont have the pictures available and once the timer gets to 0:00 close your trades. Win or Lose. You wilk find the markets stall after this time anyway.

[@georgebuller1914]

@@thescallytrader I hear what you're saying and - to a certain extent - I agree with you. BUT - and its a big 'but', so often Bet Angel is adrift time wise, purely because races are going off late for some reason or other. I watch the races (mainly pre-off) to ensure that I hang on until the last few moments. I'm afraid its the racer/gambler in me that buggers it up after that! :-(

[@lawrencegreen9882]

Great stuff Peter Gives me a kick up the Kyber as a reminder of the Basics.

[@DaveHayesTV]

Very good video contains excellent advice which I apply to my Lay The Draw in Football match odds.

[@thescallytrader]

A very good topic for a Video. One of the issues with leaving trades in that have gone against you is over staking relative to the size of your account. If you are overstaking and it goes against you, it is easy to leave it on £10 stakes, but try leaving it when your OP is £500 and it's ticking down at £50 per tick. One improvement I'd like to see on Bet Angel (there can't be many more improvements left) is the ability to have a staking plan which has predefined stakes but for tick size AFTER hedge. So if I wanted to trade for £5 per tick After hedging the stakes are set up in BA. I know I can do this myself but I'd like the option to preset the stakes. I dont know if it's possible as once the market goes 5.8 5.9 6.0 then 6.2 the hedge size will double. Over staking is an account killer. I think if you want to make £100 per day and have a responsible staking plan you need a £10k account.

[@betangeltv]

I don't think it would help to have a stake geared to the hedge value. If you trade more than once it a market that should influence your next trade but won't if you stake according to the ultimate hedge value. You unbalance the profit and losses in that scenario.

[@thescallytrader]

@@betangeltv - you are probably right but if you have a £1000 account maybe you could do a Video on how to change stakes depending on tick size. So if you are trading a 2.0 to 3.0 Market you wouldn't use the same size stake as in a 6.0 to 10 market (or would you?). If not, why not? People who are classed as 'Novice' or Beginners need to learn how to structure their stakes relative to tick size and account size with the emphasis on protecting their losses and maximising profits. I guess people on £1000 accounts regularly lose up to and over 10% of their account on a single trade. I know I have my times. I wish I'd of watched that video in my early days. I'd make it myself but my accent will not come across to well... lol.

[@insidetraxs]

I really do like the offset feature.

[@BenjaminK123]

The market has bullied me many times, its a good job we have uncle peter to stop this, i spend allot of time in grayhounds and get slapped about all over the shop some times but i am starting to find the markets i like and the ones i dont. Another great video Peter :)

[@betangeltv]

Many thanks!

[@janewhitzend688]

Great video. I did much the same my first week then had a word with myself 😆. I had set a stop loss profits then ignored them. This week has been much better and I went into profit and chose my markets and trades better . In all honesty I think there would always have been a week where I had to do this to teach me a lesson ( as I am very risk adverse by nature ) , so yeah it was very affirming for me to see this today . I am getting there but a very small scale trader whilst learning the ropes.

[@betangeltv]

I was also very risk averse when I first started trading, but learnt to shake that off. There is no real short cut to doing that other than getting your hand in on the market.

[@johnristheanswer]

One thing that does stand out with these ' demo vids ' is £10 units will always get matched ok. However if you had a £200 / £500 bet sat there waiting to close out the trade the other better , more observant traders keep jumping in front and making it harder , sometimes forcing a red as they ' know ' you're trying to get out.

[@RACING5312001]

Regarding strategies for different markets do you enter markets at different times or would you say 10 minures out is a good starting point.

[@betangeltv]

I tend to enter when the money arrives in the market, so that will vary depending on exactly when that is.

[@helend269]

I feel like Sir Robin who sees Sir Launcelot answer the questions three and stroll across The Bridge of Death and says, "That's EASY!" 🙂

[@ross5956]

@7.50 how can the 3rd horse be traded because it's more 'rational', do you mean it could be a good scalping opportunity because it is maintaining a more level trading range?

[@jossyinc]

When I first looked at this market my thought was that the 2nd fav was coming in and the favourite was drifting so this could be ideal for a swing trade. Would it have been sensible to open with a lay bet on the fav at around 2.74 with a close back bet at about 2.9? This would get more profit than scalping the third favourite? Or was there not enough indicators that the market would move this way? I am just learning at the moment...

[@JonJon-rj6xo]

it would be very interesting to know which markets that you , of all people , struggled with and decided not to pursue

[@betangeltv]

Small fields and short prices in general.

[@HappyTunesJ]

I am new to learning trading, I find only your videos are useful to gain knowledge. Thanks Pete !!... Your course scheduling link is down, but I believe they are classroom training and happens in the UK.. are you planning to conduct any online course? I am from Australia.

[@betangeltv]

Glad you like them! We are going to do more online content at the academy, especially given the world situation.

[@HappyTunesJ]

@@betangeltv thanks Pete

[@timcarr4155]

@betangeltv Hi Peter. I've used betangel for the past 24 months or longer and think the software is great. Question. Is there a privacy law preventing 3rd party software providers such as yourself to betfair from looking at how we are using your program? Kind regards. Tim, australia

[@betangeltv]

We are not allowed to view your activity and Betfair have security testing in place to ensure that. But that aside we are the only API vendor that I am aware that have signed up to the ICO guidelines. So it's pretty secure. That fact aside, I'm sorted on the trading side so no need to peek at my customers, only help them achieve their goals.

[@timcarr4155]

@@betangeltv OK thanks. I didn't mean to imply you were looking just couldn't word it properly. Cheers.

[@betangeltv]

I didn't take it that way, just thought I would clarify. I keep wondering if something like this could happen though. Thankfully, we would never risk it and don't need to do it. But unfortunately, as we all know, not everybody is built from the same stuff.

[@andrewpapp6147]

Hi Tim, I'm from Oz as well and I'm new to all this. Just like to ask you if you needed to adjust anything in the software settings to suit us Aussies eg, money shown in AUD rather than in Pounds or anything else? Thanks mate

[@betangeltv]

It should automatically default to AUD

[@johnhunt6545]

Hello Peter. Great videos, I'm learning a lot and am nearly ready to start trading. How long before a race starts should I begin monitoring it? Am I right in saying that scalping should only be done in the last few minutes? What about swing-trading? If I want to be trading about 10 races a day, presumably there's only a limit to how much time I can devote to each one? Thanks.

[@betangeltv]

If you watch the markets, you will see money starting to increase rapidly 5-10 minutes before. Highly money getting matched makes it easier to get rid of a trade if its wrong and you need to take a loss. I generally trade every race, apart from those that I think I can't 'read'.

[@johnhunt6545]

@@betangeltv So is the last 10 minutes enough time to devote to each race?

[@JoseCastro-hy4dr]

Refreshfully objective Mr Webb Nice one 🖒

[@paulcook7426]

Think that first part of the video was just as I used to trade. Essentially, he / she would have best made £10 even for a straight bet with that initial entry, yet managed to lose half of the potential profit just by trading. Taking a step back it's obvious, but when you're in the thick of it, you simply cannot see the wood for the trees.

[@betangeltv]

Y, I think this is reflective on what a lot of people do. Trading should be a 50/50 game, but in cases like this, it's an almost certain loss.

[@Alajami11]

hey peter i am from italy i am your big fan i learn a lot from your videos i want sport trading as full time job.where i should start there are too much confusions in markets.please help me out....thanks a lot for your videos

[@betangeltv]

There is more content coming on the academy site, so keep an eye out for that.

[@joaobonfim2602]

Nice video, Peter. Why dont you have some online course? It would be amazing! If possible upload more videos about scalpling for begginers, please. Regards from Brazil =)

[@betangeltv]

We are producing online content at the Academy, if you register there you will see more content coming online in the next few months. www.betangelacademy.com

[@elastronaute1198]

The only thing I'd say is you talk of different strategies for each market, are you referring to the kinds of races? For instance aren't handicap races more likely to 'spring back', and may be better for scalping than maiden races? This race was a maiden I thought they are more likely to trend. So you're better off trying to work out what is going to shorten and what's going to drift? Rather than scalping it as you have here? I imagine you're going to say there are many other factors which determine how you may want to trade the race. Anyway thanks.

[@robertm4795]

Hi Peter, could you do a video about how to trade races when the odds on the first 1st, 2nd, 3rd ,4th horses odds are around the same price and there is no strong leader.

[@betangeltv]

Scalp it

[@Dude000Mr]

Can we get maybe a live stream or an hour long live trading session?

[@RACING5312001]

Excellent video

[@betangeltv]

Many thanks for your feedback.

[@Alajami11]

1 thing i forgot to say that i saw your video where you discuss about your first year.yours and mine position is same but the diffrence is you had a good job and i dont :) i need to learn it.help me out

[@casper1240]

A bit new to this , if i want to lay a horse for the lowest odds can i place a trade for the lowest price early on say 3 hours before the race sorry im a bitnew to this and also never used bet angel as yet cheers

[@betangeltv]

Yes, you can place an order anywhere in the market at any time. Just make sure you 'offer' the bet to the market.

[@casper1240]

@@betangeltv Thanks ,how do you connect bet angel to betfair accouint sorry im new to all this

[@casper1240]

@@betangeltv Ive made a few bob on stocks juist thought id try my hand at Betfair

[@betangeltv]

When you first log into Betfair via Bet Angel you will given the chance to link up your account.

[@brovashift]

That refresh rate 😳 Can BA 1.5.8 refresh at 40ms? My max refresh is only 200ms!

[@betangeltv]

Switch on exchange streaming - www.betfairtradingblog.com/bet-angel-betfair-api-communications-tool/

[@brovashift]

@@betangeltv got it, thanks 👍🏻👍🏻

[@ColGadarby]

This is not going in. Is the aim to buy on the left lower and sell on the right higher ?

[@betangeltv]

Lay a lower price that you back at or vice versa. So that is correct.

[@georgerockey19]

How much money did you make on this by doing it this way? I'm slowly getting to grips with the software but it's very technical from starting with zero knowledge!

[@betangeltv]

I'm one of the top traders, so it's unfair to base your expectations on my record over the last twenty years or so. But it is possible, but no trading market is a walk in a park. Be prepared for a lot of learning ahead.

[@bdiraaba2billionaire670]

SIR PETER, PLEASE IS BETFAIR LEGAL IN GHANA (West Africa). I WANT TO START TRADING BUT I WANT TO KNOW IF IT'S RESTRICTED OR NOT.

[@betangeltv]

I don't know is the honest answer. You would be better contacting Betfair directly to confirm.

[@thescallytrader]

This might or might not be relevant to this video but I would say using the staking plan below would help you out: This is per £1000 of your account. 10 £50 stakes. These would be MAXIMUM stakes. If you have a £3000 account there would be a chance you should still trade as a £1000 account using these figures and scale up once you have experience. The reason I've posted this is, I believe you shouldn't be risking more than 1% of your entire account on any one trade, so if your trade hits 1% Red Hedge you should close it and reassess. If it hits green you can let it run or take your profit when you think its right. I also would not multiply these stakes by more than x4 regardless of your account size (unless at a Big Meeting) as the market might not accommodate you when you are trying to get out and the losses would be greater than necessary and profits harder to find. Dont forget you can open and close as many trades in one race as you see fit.

[@ericrowell5842]

being a newbie im wondering if your app works using a chromebook

[@betangeltv]

It's a native PC app, so the only way to use it on Chromebook is to use an emulator or remote to a VPS or PC with Bet Angel installed. I must admit to not having used a Chromebook so haven't fully explored all options. I may order one just to have a play.

[@anthonyg4671]

whats your secret peter, of all the years you have been on you tube, you haven't aged.

[@betangeltv]

Thanks :) Seriously, for quite a few years I just traded every hour gods sends so didn't really look after myself. But now it's a lot more balanced, so maybe I've managed to slow the slide somewhat.

[@georgebuller1914]

I reckon its because he started off looking old! LOL What, sour-grapes, from me? NEVER!!! :-)

[@thewolfofswingthat2035]

did you get sued for assault?

[@JonJon-rj6xo]

H