Some Hidden Gems of Betfair Trading: In-Depth Exploration of a Simple Trade

[@eightbo]

Excellent preface to the video, the depth of context makes it far more digestible for new traders

[@betangeltv]

Thanks, that’s appreciated.

[@Binario0]

I understand little of English but I can't understand your video, I must translate. I would sit in my sofa and watch and rewatch your video.❤️

[@saharaharris]

Hi Peter - thanks for posting. Another potential light bulb moment for me on the long list of light bulb moments. Over the last couple years I've resorted to only trading in the last 2 mins of a market, the logic being that's when the most money is pouring into the market and therefore I can trade with more confidence. Looking at this video and then reflecting, perhaps my fear of getting trades wrong has led to me missing many opportunities before the 2 min mark. Thanks again, Alan

[@betangeltv]

Glad to help

[@Garycarlyle]

Good video. Most people get greedy/dellusional. There is money in it but its work and sanity checking, while being opportunism in a rational sense.

[@betangeltv]

Lots of people don't get that. So it's good to hear some people do.

[@gazlark7281]

Would love more videos of the ladder, like this.. Excellent!!

[@betangeltv]

Will do, I have a lot already which I am compiling into a playlist for everybody.

[@stevensmart-po1pt]

always looks so easy when u do it

[@betangeltv]

It's just a lot of practice. I started right at the bottom.

[@lukleu]

Hi there, this is one on the few videos showing the ladders trading volume matched price in percentages not actual figures which is much useful for some of us, can you please advise how to switch, can’t find it in the ladders settings…Thanks again

[@betangeltv]

Go to ladder settings / general - If you are stuck drop a note to support who can point you straight at it.

[@stuartwallace7536]

Good one Pete. How many times , on average, would you see this scenario (reaching 2, flattening out, other runners at top of range) on a daily basis? I know its very much a how long is a piece of string question, but typically, on average.

[@betangeltv]

Quite common, but some are perfect opportunities and others not so. So it's just a question of how much risk do you want to take. Once a month you get a perfect opportunity that you can hit right out of the park, but most are not like that.

[@thescallytrader]

Good, clear example of how to trade the ladders. I'd suggest novice traders don't use such high stakes as Mr Webb obviously know what he is doing. Furthermore, you should really spend your time learning to trade FX and Equity Markets as I have a feeling Betfair is about to go plop and flush once these Politicians get their dirty little mits into it.

[@betangeltv]

Let's see, lots of fighting to be done. If the battle is lost, it will just move to a different front I reckon.

[@OllieWilson1156]

Hi Peter, do you think there is any point in learning how to trade given the potential impact of the gambling white paper?

[@jamesstorr5613]

There is a point. This law may never happen especially with a general election on the horizon. Plus this law will affect the losers not the winners. So learn to trade, get good at it and don't worry about tomorrow!!

[@b1ffo]

The question on everyone’s lips I imagine.

[@sam-km3xr]

@@jamesstorr5613 Although I agree to an extent, you can't have winners without losers on an exchange so there is a chance it could impact the exchange if a lot of punters are effected by any new legislation

[@betangeltv]

@Ollie Wilson, yes because the skills are transferrable. but there is still long way to go.

[@Peter-mo3pr]

​@@betangeltvwhat do you mean by the skills are transferable?

[@chrislynn3621]

Is it now possible to use A.I in sports trading ?

[@betangeltv]

I've been thinking of doing a video on this. To show you what I've found. But if you want a short answer on the less savoury aspects, many failed systems are now being relabelled with the word AI to give them new appeal.

[@chrislynn3621]

@@betangeltv yeah my thoughts, yes human emotion has/ may have an impact but I can’t see A.I replacing this

[@betangeltv]

I was told when I decided to quit my job over 20 years ago it was pointless as there were many more clever people than me, AI, ML, algo traders, blah, blah. Why did I think I have an edge and so on. I conclusively proved them all wrong and learnt in the process how that was possible. I really don't buy into negativity since this happened. I used to worry about what could go wrong, I know worry about what I'm missing. It's been a complete mindset change for me over my career.

[@Contang0]

What is a 'crossover point' ? And what mechanism underlies these markets that means volume arrives at very close to the 2 minute mark in most races ?

[@stuartwallace7536]

A crossover point is when a price crosses 3 or 2 or 4 etc, so... 2.01 to 1.99 or 2.98 to 3.02 etc.

[@chunkymonkey55555]

@@stuartwallace7536 At the risk of asking something silly, how did he mean "2/1 in his favour"? Would "2" be a 1/1 ?

[@betangeltv]

Have a look at this video for a full explanation of 2/1 in your favour - kzbin.info/www/bejne/g5ymcnl8e8ifn8U

[@chunkymonkey55555]

@@betangeltv Excellent! Shall do that now. Ah increments! I do find it is difficult to keep focused sometimes when learning to trade!

[@betangeltv]

@ContangO See the answer I have given on this question in this thread.

[@gomer2841]

Has the learn to trade on betfair been updated or should we still wait?

[@betangeltv]

Stil a work in progress. I have about 2000 videos and articles, so it's taking longer than I thought. Sorry about that.

[@gomer2841]

@@betangeltv thanks for the quick reply, i look forward to seeing it

[@b1ffo]

Do I hear Sheep??

[@betangeltv]

You can see them on this video - kzbin.info/www/bejne/hn6lYYmMZq2chsk