How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?

Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.

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Thanks bakko,

There is definately an intermittent problem with the basic version then as the in-play feature doesnt always appear! as you say maybe a deliberate bug to get you to switch. LOL

Can anyone confirm whether the "in-play" feature is limited within Bet Angel Basic?

Rgds,

Iankn73

hangon

all uk horse races go in play, they are suspended at the off then turned in running a few secs later (all unmatched bets cancelled) on betfair

betfair have recently started offering some of the US races in play as well and i guess they would like to do so for all horse races (though think may have legislation issues doing so in Australia)

Hi Fundamentalist,

You have just resolved the issue! Its nothing...to do with Bet Angel Basic after all. I have been indulging in a wee flutter on the horse racing e.g. jumping between U.K & U.S races. You had stated that betfair have recently started offering "some" of the US races in-play.

So no bug in Bet Angel basic!

Thanks again

I have betangel basic and Scripophilists book on order.
In profit on BF, but theres a fair chunk of that is straight gambling ,typically on in-play games. Not had much luck with trading on the horse racing.

Was looking at doing the 1 day course and betangel prof version.
Im only able to gamble/trade on evenings and weekends
Anyone here use betangel professional on a similar part time basis? Just wondering
if its overkill for someone using it to the levels I would.

Hell all,

Does Scripophilists new book basically contain everything you would expect to gain from attending the course? Has anyone attended the course and purchased/read the book? I would be interested to know any personal views on the course/book and subsequent success rate thereafter on Betfair? I have been using Bet Angel Basic for roughly 2 wks and I've had a bit of a roller coaster re: betting and laying and would like to improve my % rate!

Rgds,

Iankn73

Very quick answer is that no one has read the book yet as its not been published yet. I think its due end of April but if scrips around he'll confirm this.

Having been on the course and knowing scrip Id expect the book to be very insightful though think youll learn more and quicker on the course, mainly due to the personal interaction and also from watching him actually trade during the afternoon

With regard to trading only evenings/weekends then you'll be ok in the summer when the glut of evening racing starts up again and theres always weekend racing (though personally find it harder to trade than midweek due to there being more racing, often with meetings clashing and it being harder to judge when the money is entering a race before the start. also the bigger meets have much more liquidity and less volatility)

Thanks Fundamentalist!

The book will get out there eventually but will not be the same as the book you get at the course for sure.

Fundy, Henry on the bench.

Scripophilist, I spoke to a supplier yesterday and they told me they were expecting the book in May, is this a reasonable guesstimate?

Cheers,

May... urgh..amazon are claiming to deliver end of march....
gonna get on the april course then. Wonder how long it will take recover the cost of the course.. through trading.

Can I add my insight into betting/trading on horse racing, I've tryed various betting systems with not much success. The system I now use that is profitable is to back the 1st or 2nd fav with odds of around 4 5-10 mins before the off with a stake of 300 wait 1-5 mins untill the odds shorten 3-4 ticks ie 3.85/3.8 for an approx 15 profit using Betfair's Bet Angel-Basic green up button to = spread the profit with the other runners. I was amazed how well the system works.
If the odds drift 3-4 ticks then close for a small loss. With approx 20 races per day 15 soon add up.

THE GOLDEN RULE IS DO NOT BACK/LAY 'IN RUNNING'. CLOSE THE BET BEFORE THE OFF (unless you know the outcome of the race!)

Paper trade the system first before using your . Let me know how you go on, hope you find this helpful. Cheers...

Hi Chartist2004,

Excuse my ignorance/stupidity I just what to ensure I've understood you properly! when you say back at around 4 then wait a few minutes until the odds shorten 3-4 ticks I'm assuming you then lay when the odds shorten then green up for your profit?

Rgds,

Iankn73

If I can answer for Chartist Iankn,

The principle of Chartists strategy is to BACK the favourite on the assumption that the odds will shorten as a result of more and more money being waged on that horse.

After a few ticks you then LAY the same amount you backed at which will then show you a profit on that horse only.

You should then 'Green Up' to spread the winnings on that horse across all the horses in the race which guarantees a win.

If the odds drift out because little or no money is being waged on the favourite then you will lay again but this time you will show a loss depending on how many ticks you allow the horse to drift.

Is that clear?

Hi Harlosh,

Thats very clear now!

Thank you,

Iankn73

No probs

Question regarding greening up: If once you have greened up and feel you have been a bit too hasty and still think there are opportunities within that same race can you back and lay/green up again or can this only be done once? therefore potentially profiting on more than one occasion from the same race?

Rgds

Ian

you can do it as many times as you want. Ultimately every time you get a profitable trade you will increase the green on one of the potential outcomes. You can then lay the option for a small amount to spread the profit.

Thank you Fundamentalist!

do you junkies not sleep ??? or better still find a good woman (1.24am/1.40am ???)