Betfair trading - Bet Angel - Simple scalping

[greggspolska]

This video look very easy to make money and all you have to do is just follow everything how it is been shown. But this is in theory and reality is different. I know this is not a gold method but I still do not understand how to decide when is best time to put money into the market. Currently I use BetAngel demo mode but sometimes I am still lost. Does anyone can tell me how to read charts and when strat play.

[betangeltv]

@greggspolska - There is another scalping video that you may want to view. Sometimes its easy to overcomplicate decisions when trading but a lot of the time just the natural variability of the market will fill orders without worrying about direction. You may want to register and visit our forum where there are loads of discussions about how the market moves and why.

[greggspolska]

does anyone can tell me what is best time to place a bet? how many minuts before run? also what i do not understand is how can I know what is the best moment to put my money on the market?

[betangeltv]

@dburford9 - You can do this on many different sports but racing is popular because of it's volatility and frequency. Use minimum stakes while you are learning and visit our forum to get some help to get started.

[betangeltv]

@dburford9 - We are the company behind the product but the whole team uses it on a daily basis. There are many tools and functions you can use and the cost isn't much when you consider what you can achieve with a bit of practice. Visit the blog to see some examples or the forum to chat to other users.

[FrontSide2010]

I cannot use BetFair here in the US. I can use Matchbook but they make depositing funds so difficult. Is there any other market making site out there?

[betangeltv]

@FrontSide2010 - No, not that we are aware of. We heard the other day that Matchbook had stopped taking accounts from the US.

[FrontSide2010]

@betangeltv True...I got an email two days ago that Matchbook was ceasing business in the U.S.. This is not one week after I opened my account at which time I asked them if there was any chance they would be changing their policies. Thank goodness I wasn't able to fund the account.

[justinleeclarke]

regarding the money you made in the "one click function" do you keep that money irrespective of the result (as youve layed the horse to lose and it hadnt lost yet) or do you have to green up to prevent you from losing your money should that favourite win?

[betangeltv]

@justinleeclarke - If you 'green up' you will spread the profit across the field and will profit whatever the result. You are simply netting the difference between the back and lay prices.

[prefect78]

Well, the thing is, you only win money, when the horse wins, right? Also if the horse doesnt win, you still lose a bet and win a bet, but you always have to pay 5% of your winnings to betfair, so you are losing money every time your horse does not win.

Is that correct or am i missing something?

[betangeltv]

@prefect78 - If you trade you only pay comission on your winning trade. So if you back and lay at 4.10 and 4.00 with £100, you will make £10 profit. But only if that horse wins. You would pay 5% on this amount. By using greening you would spread the profit across the remaining runners mean you would win whatever the result. If you had a losing trade you would pay not commission. You only pay commission on the trade, not the opening or closing position. Hope that helps?

[prefect78]

@betangeltv Taqhnk you for the quick explanation, I understood now :) Have a nice weekend!

[prefect78]

@betangeltv Thank you for the quick explanation, I understood now :) Have a nice weekend!

[treemantris]

@betangeltv So does that mean you only pay 5% commission on the net return of all of your back/lay bets on a selection, or on your net return for all back/lay bets on the whole market? Is this always the case with Betfair on every market?

[betangeltv]

@treemantris - If you back and lay a selection and have a profit you only pay commission on that profit, not of each individual back or lay but on the net total of those bets. Settlement varies from one market to another so always check the rules before diving in.

[Moss235]

@prefect78 Trust me mate, just follow the mans lead he is a genius in this field, I dont even know him but he has taught me so much in such a short time, I can comfortably make £50-£100 a day trading at Betfair, the brilliant thing is the commission, it's because of this that betfair want you to win, unlike traditional bookies who will close your account/limit your stakes if you win too often

[betangeltv]

@floralcam - When you reverse the book you effectively lay at the back price and back at the lay price. This automatically achieves your goal of laying at a lower price than you back at.

[floralcam]

How do you reverse the book?

[betangeltv]

@floralcam - Go to the global settings at the top of the software and look for the 'force open' box. Click on that drop down menu and select reverse.

[piano0011]

Hey guys! I am new to Betfair and I am wondering if anyone could share their experience with in-play market at betfair? For what I understand so far about in-play is that at any time during the match, one can still back or lay.

I am just wondering and I know that for some sports, it might be harder to predict the outcome than others but having said that, then there is a better chance of winning by using in-play betting am I correct?

[betangeltv]

@piano0011 - Before the start of a sports event the only thing that determines odds are opinion. So it's your ability to read opinion that matters. When in-play you effectively have to predict what will happen next, that is how you profit. They are two completely different ways to trade. The latter relies on your ability to read a sport.

[Chohanation]

cool

[Chohanation]

cool

[Chohanation]

cool

[kellyfortune]

how do you know when it 'doesn't look like its gonna work' and 'when the time is right'?

[betangeltv]

There are many ways to look at the market and there are definately some markets that work well and others that don't. You may want to visit our forum to discuss.

[betangeltv]

You put an order in on the lay side at a lower value than you back at. That is how you profit. You are under no obligation to take a price so you simply offer one.

[MikefromMadrid]

How did you make a £20 profit?

Surely if you back at 4.3 and lay at 4.2 then you are only making a profit of £4.77 using £200 stakes

[betangeltv]

£20 before greening, you can see at the top of the ladder.

[MikefromMadrid]

@betangeltv

ah ok thanks

[Alicespring23]

Dear Peter. What happens if the lay order gets filled but the back order dont?

[betangeltv]

If you ensure that you put your open order on the reverse side of the book you have several advantages. But the clear advantage is if you think the trade is not going to work for you, you can immediately scratch your trade for no loss but close at the current price.

[Alicespring23]

Dear Peter. Where are the best ways to look if you want to predict the market. I am new at this and have tried it a lot of times now with succes, but i still dont predict the market as easy as you show it. Hehe. Can you give us some good fif on where to look or what to look after.

Thanks you. Greetings from Denmark.

[betangeltv]

When you green up you spread some of that profit across the field. It will only be a lower amount but it is across all horses, so it doesn't matter who wins you have a profit against all of them. You can do this before the start of the race, you don't need to know the winner.

[scutter99]

but you only make profit if the horse wins

if your horse that you have greened on doesnt win you dont have any money ??

sorry if i am being really dense!! i am winning by doing the greening up but only if my horse wins

how can you spread money that you havent yet one? there is no money to spread???

[betangeltv]

Tick 'greening' on the green up column and it spread the profit across the field so you will win whatever the result.

[betangeltv]

Basically it works by laying slightly more on the horse you have profted on. That amount then shifts to the field. Bet Angel calculates out how to do this etc.

[scutter99]

but the green amount is only if the horse wins so how do you hedge hypothetical money

you have placed a no loose bet but the greened amount is only if the horse wins you are only betting on one horse

so unitl the point that this horse wins you dont actually have any money to hedge your bets with. i get the principal and have been doing those bets as you have shown me so thatnkyou but i dont get the hedging bit??

i am all for it i just dont get how this works?

[scutter99]

but you dont get the 20 unless the horse wins???

am i just dumb here??

[betangeltv]

At the end of the video, we click the 'green up' column and that spreads the profit out amongst all the horses so that you will win whichever horse goes on to win the race.