Betfair trading | How to trade on Betfair with BIG stakes and short prices

In horse racing, favourites attract a lot of money in the betting market.
When the price of a favourite gets really short, you tend to be forced into a betting decision based on whether you should back it to win or lay it to lose.
Backing to win is risky as at such a short price, you could risk a lot for a small return with a massive loss if it doesn't win.
But placing a lay bet will mean you lose quite often as if the market is efficient, it should win quite often.
If you trade, however, you can take advantage of the short prices and this market indecision to make a profitable trade.
The problem with this is that each individual trade will only net a small profit, so you have to raise the stakes to a much more significant amount to get a decent profit.
In this video, I explain the process I go through to profit from markets with a lot of money and betting interest on the favourite.
If you want to modify your Bet Angel Guardian, there is an area of the forum packed full of examples to download: -
forum.betangel.com/viewforum.php?f=68
If you don't have the best Betfair trading software available, download a free trial at: -
www.betangel.com
00:00 - Introduction
01:13 - What I do at the start of the day
02:21 - Trading favourites in horse racing markets
03:34 - What watching the parade ring is important
06:17 - Small prices mean large stakes
08:57 - The trading style I applied to this trade
10:05 - Summary
#betfairtrading #betting #horseracing

[@karllocke4088]

Thanks Peter for a great video, could you please do a video on the introduction of statistical analysis of the Horse racing market

[@betangeltv]

What sort of thing were you thinking about?

[@Kretencekk]

Perfect video. It's amazing to see how much liquidity there is on horses

[@betangeltv]

Waiting till you see some of the bigger meetings. A lot of the minor meetings are small in comparison.

[@traderace6575]

Great vid as usual Peter - ‘couple of questions. How do you customise Guardian with automation to get all the columns you show on your Guardian screen. -ie: favourite, jockey, trainer -etc. Also, what do the columns RS - 1-2-3 denote? Hope they’re not stupid questions, Cheers

[@betangeltv]

You can download several examples from the forum: - forum.betangel.com/viewforum.php?f=68 I'm just looking at a broad base on that screen, number of runners, price of the runners 1-3

[@davegravy1842]

cheers peter great video 👍the only thing at risk is when betfair crashes😡 ,ive been stung a few times in early days of my trading ,best to have a plan B in place ,👍👍

[@betangeltv]

It works both ways, though; you win some, you lose some, but I'd personally prefer Betfair to void markets where they see issues.

[@fm1886]

Yes football is terrible sometimes for suspending markets just after a goal goes in and not unsuspending it......I trade a bit on +1.5 goals late on, usually around the 50th minute before I place the back bet so getting out after the goal is crucial......more than once the price has gone back out before the suspension is lifted and profit has gone.....must admit sometimes a second goes in as well before the unsuspension so swings and roundabouts....but then I don't have £6k stuck on one side and unable to trade out.

[@willmayweather]

hi peter I tend to do fairly well on short price favorite horse races, but when its a handicap race where all the horse prices are similar I tend to struggle, any tips on what strategy I should use? cheers

[@betangeltv]

Handicap races tend to be range bound so you would work within that range for small gains and repeat. I have done a few videos where I focus on this and talk about scalping. Which is ideally suited to handicap races.

[@tonyprydderch5020]

everything looks so simple but reality is different if you want to win fair amounts you have to have decent stakes . Like everything in life some people are better at doing things and obviously your top of your game. Not everyone are going to have the same success or everyone would win ive tried and basically i am more better trying to find winners than taking small wins and you also you have to be more disciplined exchange betting.

[@betangeltv]

Trading is very different from traditional betting which is why people often struggle to shift from one to the other. I did do a video recently about trading with small stakes - kzbin.info/www/bejne/f56vo5t5bJmjetk

[@marknicholson6240]

Great video Peter, which is the best way to access stats, what are your thoughts on tdp, ?

[@betangeltv]

TPD is great, new videos coming around the corner as we are taking things up a level soon. What sort of stats are you looking for?

[@marknicholson6240]

@@betangeltv horse racing stats for now ,then will progress to football in few months

[@marknicholson6240]

@@betangeltv do you have to pay a monthly fee Peter ?

[@betangeltv]

For TPD you pay by race, best to visit their page to learn more about the options. www.tpd.zone/subscribe/

[@James-lq1po]

The biggest risk to your £1k is betfair’s IT infrastructure stability… or lack of.

[@betangeltv]

Fair enough comment, but that works both ways.

[@kopthelotklopp1523]

@@betangeltv I'm assuming technical errors will even themselves out. A few years ago I was doing a back to lay. I backed a horse at odds of around 12. The market didn't unsuspend after it went in play. Luckily the horse won and I trousered over 3 grand. I've had another good 'win' in the past as well. Although one time I did lose £1000.

[@betangeltv]

Personally, I'd prefer Betfair to void markets where there are errors. It's cheeky to turn trades into bets where they will get more commission.

[@James-lq1po]

@@betangeltv not to mention morally wrong, but that doesn’t usually seem to bother bookies. Which is exactly what they are now. Such a waste of a great innovation.

[@telephonehelpline]

Trainers do put hoods on horses even if not needed,

[@betangeltv]

Yes, I did mention it wasn't a massive negative, just something to be aware of.

[@jahbulonjaja191]

Exactly. trainers put on the headgear to make the horse concentrate rather than it looking around and getting distracted. it's not a negative in any way at all.

[@betangeltv]

Headgear is OK for the race, but the RED hood has to be removed before racing. It's there only for the preliminaries.

[@Rob_Smith_golf]

Often I find the market just doesn't fire so it's way more risky than it should be

[@betangeltv]

Not sure I understand what you mean there?

[@Rob_Smith_golf]

@@betangeltv often I will back a horse to lay it in running and I may lay it for 6 I see that come up on the screen but order never gets filled , they used to say 'it was never that price' or ' you were too far back in the queue ??' but if u can't lay off them it's a bet not a trade

[@betangeltv]

Check out cross-matching; that's very often the reason why you can't get matched. I always account for lack of a fill in all my strategies.

[@xfoxuk]

If you're talking about Big stakes, why not be more aggressive, sweep the order book, deliberately trade into the waiting money, move the market.

[@betangeltv]

I always work within the market rather than trying to influence it. Arbers and value bettors will have no qualms about taking money off a trader if there is value to be had.

[@franklinryan7495]

Don't send me any further notifications. After years of using Betfair, I used your software, and my account was frozen. To unlock it again ...Betfair was asking for so much info about me that I just gave up and closed the account altogether. I wouldn't recommend your approach to anyone.

[@betangeltv]

That's nothing to do with Bet Angel. Betfair and other gambling companies have been under severe pressure to tighten up on affordability, which is why they have asked you for a lot of information. There is a thread on the forum devoted to when this started and a deep discussion on its various aspects: - forum.betangel.com/viewtopic.php?f=15&t=22527

[@spurs752]

bewarefalseprofits

[@betangeltv]

?

[@mensamoo]

@@betangeltv 'prophets' ... a joker perhaps 🙂

[@betangeltv]

I get a lot of odd comment on here. But that's social media I guess!