Betfair Trading Q&A with a Professional Betfair Trader

[@rstevens7711]

Appreciate your response, Peter. I asked the first question so I'm grateful you answered it.

[@AndrewRothwell-uf4vp]

I think I'm not the only one who would absolutely love the book!!!! Sign me up now ❤

[@ncszy]

Agreed

[@andrewvickers4487]

Peter thank you for addressing my question about automation and for the heaps of advice you continue to give on this channel, it really is impressive that you always find the time in your busy schedule to keep in touch with us all 👍. I hope you've been enjoying the racing festivals :) About my question (and I know you said you planned a further video on the topic), I think you gave a great answer, especially for the majority of us on the lower end of the curve who are starting out with all-manual strategies. In my own personal case, I come from a betting background and for various reasons I've actually focused on a purely automated foray into trading. So my main reason for asking the question was actually about whether success with automation in particular is a taller order now that more traders are doing it. Feel free to leave this hanging, just wanted to elaborate FYI. Thanks again and looking forward to more of these chunks.

[@betangeltv]

Hi Andrew, I don't think you would have a problem as there are almost an infinitie number of areas to explore. Automation for me is like another layer, another dimension on top of my manual trading. If your approach is static, looking at say, the scoreline of a football match. Those are the sort of things to reach efficency first. But above that level is a whole world to explore. I'll see if I can cover this on the next video.

[@andrewvickers4487]

@@betangeltv Cheers Peter. Yeah I suppose it all depends on what your angle is as you say.

[@willywagtail4182]

Would absolutely love a book..I have been punting for 35 yrs on sport..I do make money but would love to take it to a professional level, thankyou for all your videos ( please do a book would be eternally grateful )🙏🏼

[@kester1time]

I would love to help more!! I am so so passionate about our budding industry. Top marks! My question is: Do you think “Sports Trading” should be taught as part of the national curriculum?

[@sarkkinenmatiasiisak6433]

Have you ever implemented the lessons learned from odds trading to other markets like financial markets, forex etc? Or the other way around even though they can behave very differently

[@lfc4life73]

Is it true that after you make 5k on betfair exchange they make you pay 20% commission. Just wanted to know as i just created an account recently

[@betangeltv]

It's complicated, but you don't necessarily move to this rate. Here is a link to the explanation on Betfair's site - support.betfair.com/app/answers/detail/a_id/6156/~/premium-charge---what-is-it%3F-will-i-need-to-pay-it%3F

[@lfc4life73]

@betangeltv ok, thanks. I feel like there is a lot of fear-mongering in regards to premium charges. I only plan to bet on the football and boxing/mma market. Last question, can you withdraw from exchanges as much as you want without KYC checks or is it best to withdraw once a month or so?

[@UK_Outdoors.]

A Peter Webb Betfair Bible would be an instant best seller!!

[@betangeltv]

I will get around to writing one, one day.

[@AndrewRothwell-uf4vp]

@@betangeltv don't wait too long pal! Greeting from northwest England

[@pnr8uk]

Is anyone still actually trading? Ladder trading 4 or 5 years ago there were hundreds of us, enough for Betfair to put on a special event. Every forum, facebook group I know of is now dead.

[@betangeltv]

You're looking in the wrong place, as the Bet Angel forum is as busy as ever. Last month had about 25% more traffic than last year, and plenty of people are still trading. It's just the ground has shifted. Betfair didn't hold that event; it was run by a third party, and Betfair sponsored it for some reason. None of the three speakers are still active. I think you may be viewing things through that lens.

[@pnr8uk]

@@betangeltv it kind of emphasises my point if a 'third party' hosted event can sell out to over 200 people and be supported by Betfair shows to me how much ground support there was for trading. Pretty sure I paid Betfair for my ticket anyway that's not the point. I was a member of many forums, fb groups, telegram groups and great fun it all was, they are all gone now. I will pop over to BA forum then if there's an active community still going there. There probably are plenty of people trading but nothing like the hey day of 4 or 5 years ago was my point. Anyway good video and I'll see you on the BA forum then.

[@betangeltv]

When there is a lot of noise about something, all the speculators turn up and join the chorus, but when the going gets a little tougher they move onto the next thing. My approach hasn't changed much over the years, because my focus has always been on making the most of the opportunity of a lifetime. Now and again have a quick browse to see what's out there, and I know what you mean. I looked at five forums recently and there was less than 10 posts in total. But those forums have more or less abandoned their communites, so that's no surprise. Our forum still gets thousands of posts a month. Betfair can't host events now like they used to, as compliance won't allow it. Regulators are causing significanat problems for the betting industry, as you probably know. So that is having an impact. But there is still a lot of activity on the markets, if not at the level it used to be.

[@Majko-ei1uw]

In my honest opinion I believe the inplay horse racing markets are rigged I believe the market maker knows your money coming with the 2 seconds bet delay I tried to back a horse at 20s a few days ago on America racing I clicked the wrong horse by the way bet not matched price crashes to 2.34 nothing matched at 20s I strongly believe some markets and prices are being manipulated by false money to hold the price its really sad to see the dirty tactics betfair are conducting in there own markets to screw over its own players

[@teslataxi4546]

I know you mean well, but I still think you are crossing over into telling people strategies instead of sticking to selling the power of the software. The two should be kept secret.

[@betangeltv]

For every comment I get similar that, which I understand, I get many more saying what a load of nonsense they think I'm talking. So never forget that.