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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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 ???)

+ Ian
As fundy states above ------ you can do it as many times as you want. every time you get profitable (lol)

I assume Bet Angel greens up between all the runners. Usually you can discount a few as having no chance. Can you green up on say 8 of the ten runners thus increasing your winnings.

Jeff

yes it is possible to do so but due to the odds of the ones youre discounting the difference is pennies and usually not worth it

BP

gotta study the Cheltenham form at some stage :-)

Jeff, you're correct with your assumption as the software will green up across the board.

However, the Pro edition has a "dutching" facility which allows you to pick and choose which horses to back and eliminate, in your opinion, the no hopers.

bakko,
do you think the pro edition is worth the ongoing monthly ,s ???

BP, If you're a casual user then probably not but for me it's a resounding yes as I trade on a frequent basis and all my trades are routed through Bet Angel Pro rather than the Betfair platform.

The functions allow me to get my trades in and out faster on Pro which provides me with an edge over the mug punters. There's a host of other features which I dont use, I tend to stick to my favourites.

I object to being called a mug :-))

had another bash at this today. a right balls up. ever "drifter", started "shortening" whenever i put the order in and vice versa... seems so easy on the training videos :-) made the mistake of trying to recover in-play ..carnage.. either book myself on the course, or call it a day I think.

Ok Harlosh, how about a mug then ;-)

I'm sure every week another load of punters comes along who think they can make money from In Running jb. If you incur a loss pre running it is better to accept it and move on to the next race. You may occasionally succeed In Running but in the long run it will take all of your hard earned.

Keep practicing using small stakes and keep your eyes peeled on the weight of money - don't be too hasty. Wait for the right moment.

Where are you Bak? You're not answering on Messenger.