Betfair Trading - How much money can you make? What is a sensible target?

[@master4eva]

Been watching you for over 10 years and this is one of my favourite videos you ever done Peter. You layout the most important foundations for any aspiring trader thank you and I really appreciate all the hard work you have done over the last 20 years to give back and help others.

[@betangeltv]

Thanks, glad you enjoyed it

[@RattyfromInsideFPV]

My current "target" is to trade 5 horse races a day. No P/L expectations, just building experiance and time in the markets. I hope one day that i will be able to look at markets even half as well as you, Peter. Thanks for the help and for keeping BA running.

[@betangeltv]

I think people often forget that it took me time to get here. I also started small.

[@aascyth]

What stakes are you using as a beginner? Practise mode?

[@timporter4008]

really good video when I was 1st trading the tennis markets I was trading all different tournaments soon found out that did not work you need solid tournaments ATP AND WTA and the grand slams are most ideal tournaments

[@mattgray3811]

Another excellent video!! Thanks Peter.

[@harrogateflyer]

Excellent video Peter, trading gold!

[@betangeltv]

Much appreciated!

[@michaelcorrigan4625]

Great template and advice.👍

[@mmafightcoach]

Wise advice Peter. Very encouraging. Thank you.

[@betangeltv]

Glad it was helpful!

[@GHarrison-c8j]

When I was in business it was always the chase that was exciting, yes you need to make a profit but that would come, love getting 1 pound and turning it into 2 pounds

[@thescallytrader]

You should really do a video on ' How Much Money Can You Lose'......For people who are new to 'Sports Trading' you need to understand this is not an easy way of making money. There are hundreds of people with bigger pots of cash than you, a better understanding and many more years of experience than you. If you think you are going to take their money off them....good luck with that.

[@robertbowden3945]

Try watching all the videos bro! He's does lose but he's in profit in the long haul. If you're struggling to take it in. Don't mess with it

[@dineshg10]

thank you very much.

[@andyserkiz3384]

James P. Carse wrote a book called Finite and Infinite Games. You're a basically saying in this video the same as he in that book which is - play an infinite game. Those who play finite games always will lose.

[@betangeltv]

I've never heard of that, may check it out.

[@garynash9957]

ESSENTIALLY... (let the profit find you) ...if the method is good, relax.

[@nicohughes1503]

I'd be over the moon to make £200 a week. What do you think the most reliable automation would be? I'm leaning towards over goals and or horse lay betting

[@pgeezy2396]

What do you think the threshold is for your max trading when it comes to the gold cup and also when it comes to a class 6 sprint at southwell on monday ? Like how scalable is it before you get caught out in general?

[@betangeltv]

You may get to trade £10k round-trip through a low quality race that's suitable. But you could trade hundreds of thousands in a perfect race at a big meeting. But by the same measure, some low quality small field races are not worth the risk.

[@peterscott1498]

What do you make of the state of inplay? With liquidity way down & pictures so far behind? A lot of traders I know use drones. Last year only 1-2 people did. Now almost all of the folk who were doing inplay now use drones

[@betangeltv]

I've tended to avoid inplay markets previously, but joined the fray when TPD was launched. I don't use it to see which horse is in front as such, but more to understand the race. That's enough to put me ahead of drones, they lack the ability to see the detail in a race. So I'm on an upward curve on that at the moment.

[@eyeshezzy]

You are the maths teacher i never had😅

[@betangeltv]

I also wish I had a different maths teacher. I hated it at school.

[@peterscott1498]

@@betangeltvsame. I struggled but loved it when I done math at uni for engineering Of course KZbin really helped me. Something that wasn’t around in high school

[@editguy15]

Does anyone know who I can contact about drone feed for horse racing in UK?

[@betangeltv]

Be super careful of anybody offering fast feeds. We have had to shut down a lot of forum posts from people offering fast feeds when it turns out they were just taking money from people and scarpering. TPD has change the landscape quite a bit, so many check that out.

[@darrenjordan2929]

If you don't set a target how do you know when to stop for the day?, especially on a Saturday

[@betangeltv]

In my world there is no stop for the day. I decide what I'm going to trade and then trade it to the best of my ability. I try not to think about how much I've made, or lost. I just do the best on each market.

[@thescallytrader]

Why would you stop.

[@gezprior2677]

My greyhound strategy performs well everyday….except Monday’s, I had 3 losing Monday’s in a row so today (Monday) I didn’t trade it.😊

[@betangeltv]

I have an inplay racing strategy that fails most Mondays.

[@gezprior2677]

😂 Strange though isn’t it?

[@elastronaute1198]

How can you trade greyhounds the markets are so illiquid until like, 1 minute before the off, and they don't go in-play.

[@FlameFlickers]

@@gezprior2677 Today is Tuesday though 😂

[@johnristheanswer]

Today is Tuesday.

[@elastronaute1198]

In my opinion you can talk the talk, but I tried for years to 'trade' successfully, it's just not possible. It might be possible for some, but most will definitely fail. It simply seems too random. And you talk about massaging this and massaging that to find profitability, but I don't find this possible. How do you define what to change? Every market is unique? In these videos you seem to say a lot but nothing really useable to someone that isn't already a professional trader.

[@betangeltv]

I've taught people to trade succesfully, so I realise now that there are many different levels of ability when trading. And what is easy for one person is almost impossible to see for another. At the end of the day betting exchanges are the fairest markets I've ever traded and the the opportunties are there. But I accept that no matter what I do, I can't help everybody. All I do is talk about what I do and why it works and hope people get something from it.

[@peterscott5814]

is trading your main income? Or do you now make more money elsewhere? Property?

[@rubofthegreenz]

From bet angel I’d imagine

[@betangeltv]

Investing & Trading are my main incomes. I used the money I make trading to invest in things.

[@melvin9211]

I think, once you get the hang of it, it is very achieveable to profit, on average, 5 to 10% of your staking amount per race. It will be quite motivating to be good at 2£ stakes and then calculate where you can be working towards with 500-1000£ stakes. But scale up slowly

[@betangeltv]

I agree, good advice

[@misterzero8667]

If only it was that easy to make 10% profit per race ,let's see how long you last