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Horses not being my bag so far as trading is concerned - being a confirmed tennis and footy trader- I have been trying my arm at Cheltenham yesterday with some modest success. The sheer volume has the effect of slowing down the moves so it is hardly typical of what you would see on a normal days horse racing. However I reckon I could see Peter at work waiting until the favourite was backed down to within a 4 figure sum of the tickover and then whacking it across! maybe?

I try not to study the form (Steve) - always gets me into trouble. How many picked Sublimity yesterday? I got caught out last night on the tennis at Indian Wells when Sharapova was a set and 5-3 up, needing only to serve out for the match. Didn't seem to be any point in laying the top seed at 1.03. The rest is history... Made a measly 100 on that match when it could have been a grand for the risk of giving back 30. And I'll do it again no doubt :-)

Edward

Sublimity cost me a tidy win Edward - on all known form it was over 2 stone out of the weights :-(

compoundup, whenever ive looked at footy trading , i encounter the same problem you mention with cheltenham..e.g the volume has meant little movement at the times ive looked. I realise the prices do move, certainly seen them drop nearer kickoff . the horse trading the fluctuations i see can be in persiods of 30 seconds or so. Is footy trading done over much longer periods?

jb - to get a grip of football trading you need to fully understand the time-decay. If you have done Scrip's course you will have the tools. If not, it's worth doing the course. It's a valuable investment.

There are times when you can sit relatively safely on the lay side knowing that the decay is minimal and you can stop-out cheaply. At other times you can trade down the decay curve, scalping to avoid risk.

There are loads of strategies involving set plays, etc. It's almost always tradeable but my one caveat is not to get into placing bets too early. Try and get a feel for the match first.

Thanks! I don't understand the time-decay. So course would seem a good option. All booked up at that moment.As a part-timer was bit reluctant to shell out the dosh. but i lost far more than the course price on my first attempted trade. made that up with some mug punting (it pays "sometimes") and matching bookies generous cheltenham signup offers this week. Been making 6-10 on the trading since the first botched attempt. Books on order.. whilst I understand there's nothing like hands-on training.. i'm hoping the book does have all this stuff in there too.

Unusual but welcome event on a darts league match this evening. Some clown risking over 200,000 to buy cash at 1000:1

In these circumstances, however unlikely the outcome, it's worth giving back some profit to buy a cheap chance at the trade of the year.

Excellent trade! No matter how you achieve it, to spot the opportunity and execute against it deserves reward. Well done!

Edward, Nice looking book.

Saw the match earlier. There was 1 leg where it was beyond comical! Both had several chances to win it on double 1 LOL

Can't quite believe what happened on the cricket tonight and the quite frankly appalling manner in which I traded the match.

1. At some point during the Zimbabwe Innings I'm all green, 120 in the bank.
2. Zim start losing wickets following a bright start and when 5 down I back Ireland to win increasing my potential winnings on Ireland to 600, but a loss if Zim win.
3. Unfortunately Zim get their act together and reduce the required rate to 2.5 runs per over. Lay Zim at 1.03, now 1650 if Ireland win, -130 if Zim win.
4. Remarkably, Zim lose a wicket, I green up again at 1.20 'guaranteeing' 120, back to where I was. Zim lose another wicket and then another. I am now kicking myself rather severley, 9 required off the last over, the odds on Zim have drifted out to 3.0, why oh why didn't I wait?
5. As it turned out the bloody match was drawn and I ended up winning absolutely nothing. Must be a few lessons in there somewhere.

pth

BTW. Well done Edward :)

Nice book edward (i assume the 1000 was before DP got to 7 legs or there was no way it could get lower)

been a much better day here, wins at Cheltenham (thank you Drever), the cricket and the darts :-)

was some huge panic in the ireland v zimbabwe cricket game, 700k matched at between 1.01 and 1.05 on zim, they found themselves 9 down needing 9 off the last over. 8 off 5 then a wicket last ball led to a ghastly tie and no doubt forum meltdown

PTH

the final result will have got a lot of people out of jail and robbed a lot of decent wins, for me the tie being a separate market is farcical cos theres never enough liquidity to hedge

Fundy, to be honest I was quite happy with the draw, purely because I greened up the second time far too early, I was so annoyed with myself. I agree the draw should not be a separate market, particularly as this has happened to me twice now :(

pth

Steve - re the darts, the daftest part of it was that Barneveld won the next leg after the big lay bet was placed and it still wasn't pulled or reduced. From memory it was 7-2 and it went to 7-3, (when it was first to 8 legs to win, for those who weren't watching).

On the BetAngel web site, Peter is suggesting it may be appropriate to run an advanced seminar. I'm still having difficulty making money on the horses and have registered for another session with Peter. If anyone else thinks they could benefit from this, how about helping make it happen?

Compoundup
I am also struggling with the horses even with Betangel pro.
I sometimes think Peter has made his system too efficient - for himself.
I would certainly welcome the opportunity of further assistance.
Footy is not too bad - aside the occasional lack of discipline.

Don't knock BetAngel Pro. It is the business. Certainly it has more functionality than I use. I wouldn't trade without it and often choose not to trade just because it tells me the latency is abnormal.

I think I know what the answer is to my difficulty with the horses and it lies between greed, trade size and expectancy. If I could just get that balance right...

I didn`t mean it to sound as though I was knocking it, far from it. I couldn`t trade without it.
I want to know how to use more of the functiions it has available.

Edward

one slight flaw in your plan when backing at 7-2 or 7-3, barney couldnt win at this point cos it although it first to 8 to win, they play a max of 14 legs so his best result was then 7-7. you were backing an impossible result so were giving a free 25 to someone

Thanks Steve,

Another too-good-to-be-true situation after all

how much is the course, and are they always in london or do they come to different parts of the country, eg Birmingham? if not are there any plans to do so?

Edward

they usually are ;-)

Evo

http://www.betangel.com/products/courses/index.htm

everything you need to know on this link, and not all courses are in london