Your videos are getting better and better, Peter, full of bright ideas. And, of course, your software is second to none. However, I feel it’s high time for writing a new manual to integrate the whole process and cover all aspects of the market. 🙂
I understand that there is no substitute for using real money but how can you apply, for example, 3 models simultaneously to the same market without using three separate Betfair accounts?
Thank you Peter. Forgive me if you have already made a video on this already but when scalping if a big order "goes through you", do you have a strategy to combat this or do you just cut your losses?
No easy answer as it all depends how frequently the underlying event occurs. The rarer it is, the more samples you need. So it's very dependant on strategy.
Noobie question here - would appreciate it if someone could offer a short answer. If I bet on an event on the exchange, and then the odds of it reduce: Say I bet @ 1.08 The odds become @ 1.04 Why does the cash out show a negative outcome? (i.e. loss) Often it ticks over into green but can someone explain to me briefly why it doesn;t automatically move into the green if the odds reduce? Thanks!
To hedge a position on the exchange, to cash out. You need a lay price available, so if there is a gap to a lay price it may not be able to hedge out for a profit.
Another noobie question if anyone can help w/ a (very) short answer. Potentially looking at buying some trading software in the future and due to my conservative nature, I'm particularly interested in a "stop loss" feature. I'm wondering if the "stop loss" feature can work if the market is suspended. An example would be: Trading under 2.5 goals A goal goes in... Market suspended. If I had set up a stop loss, could I pre-set the maximum loss to 3% and that would be automatically executed at the point of the goal/market suspension.... OR... Would I be unable to do that, and would be exposed to the new market after it resumes from suspension (e.g. the market has moved 30% in the negative direction)... leaving me terribly exposed? Apologies for the Qs and thanks in advance to any experienced traders who can help me on this point.
Hi Peter, I'm new to betangel,. How many ticks do you recommend putting my stop loss when using automated scalping in order to balance probability of winning against big losses?
You should only be risking 1% of your account on any one trade. So if you have an account of £1000 your risk on that market should only be £10. So depending on the odds of the Horse/Football market, your stop loss will change. Odds 1.01 - 2.0 = Position size £100 Back = 10 ticks Stop loss. 2.0 -3.0 £50 Back Stake = £1 per tick so £10 (max risk = 5 ticks) and so on. I guarantee you will not do this though and smash up your account. Everybody learns the hard way. If you think the position sizes are too small you need a bigger bank, not bigger position sizes or risk. £10k account - 1% = £100 Risk so 2.0/3.0 £500 position = £10 per tick = 10 ticks for £100 risk - Segway....I'd also consider not using Stop losses as the market can swing up & down fast, just don't over stake.
There are loads of them. For example, a LTD strategy will be profitable every single time IF you pick the correct football match and the correct entry point.
i will never understand why the fuck Betfair makes so hard for people from countries that betfair isnt legal, to have an account and work !!! its stupid that the hardest to "navigate" is betfair itself !! LET PEOPLE WORK and let people work it out in their own countries !! so STUPID that company...
Priceless information , which has a lot to do with common sense. Thankyou Peter.
Thanks
Your videos are getting better and better, Peter, full of bright ideas. And, of course, your software is second to none. However, I feel it’s high time for writing a new manual to integrate the whole process and cover all aspects of the market. 🙂
I liked the new scenario Peter. Cheers
Yeah....base rate. You once made a video talking about that concept. I've been trying to find that video. It still eludes me
I understand that there is no substitute for using real money but how can you apply, for example, 3 models simultaneously to the same market without using three separate Betfair accounts?
I love that ancient oak, treasure it for ever.
Thank you Peter. Forgive me if you have already made a video on this already but when scalping if a big order "goes through you", do you have a strategy to combat this or do you just cut your losses?
Ah, the 'Mighty Oaks to Acorn' thing - thats how it goes, isn't it? ;-) Well it did for me!!! lol
How many matches are needed to branch each sample?
No easy answer as it all depends how frequently the underlying event occurs. The rarer it is, the more samples you need. So it's very dependant on strategy.
Noobie question here - would appreciate it if someone could offer a short answer.
If I bet on an event on the exchange, and then the odds of it reduce:
Say I bet @ 1.08
The odds become @ 1.04
Why does the cash out show a negative outcome? (i.e. loss)
Often it ticks over into green but can someone explain to me briefly why it doesn;t automatically move into the green if the odds reduce?
Thanks!
To hedge a position on the exchange, to cash out. You need a lay price available, so if there is a gap to a lay price it may not be able to hedge out for a profit.
@@betangeltv Cheers and makes perfect sense! Thanks for the content!
Hey Peter could you do a video on how to address French markets best please, I find fill rate a problem on them but could be me ... thanks
I would love to just be able to spend an hour with you just asking questions. :)
Another noobie question if anyone can help w/ a (very) short answer. Potentially looking at buying some trading software in the future and due to my conservative nature, I'm particularly interested in a "stop loss" feature.
I'm wondering if the "stop loss" feature can work if the market is suspended. An example would be:
Trading under 2.5 goals
A goal goes in...
Market suspended.
If I had set up a stop loss, could I pre-set the maximum loss to 3% and that would be automatically executed at the point of the goal/market suspension.... OR...
Would I be unable to do that, and would be exposed to the new market after it resumes from suspension (e.g. the market has moved 30% in the negative direction)... leaving me terribly exposed?
Apologies for the Qs and thanks in advance to any experienced traders who can help me on this point.
You can't stop loss with a market suspension. You can only take a stop loss on a active markets moving
when do you think the horse racing will start ?
No action before 1st June government has announced.
great insight as usual Peter but that woodpecker in the background put me off a bit.
You and me both!
Nice video. What kind of camera are you using to film the outdoors?
Just an iPhone
when you were standng under the tree i thought you were gong to talk about martingaling. That "small acorns" claptrap
I should do a video on Martingale.
@@betangeltv yes please
Hi Peter, I'm new to betangel,. How many ticks do you recommend putting my stop loss when using automated scalping in order to balance probability of winning against big losses?
Probably should have said trading uk racing markets
I suggest you give up you tool
You should only be risking 1% of your account on any one trade. So if you have an account of £1000 your risk on that market should only be £10. So depending on the odds of the Horse/Football market, your stop loss will change. Odds 1.01 - 2.0 = Position size £100 Back = 10 ticks Stop loss. 2.0 -3.0 £50 Back Stake = £1 per tick so £10 (max risk = 5 ticks) and so on.
I guarantee you will not do this though and smash up your account. Everybody learns the hard way. If you think the position sizes are too small you need a bigger bank, not bigger position sizes or risk. £10k account - 1% = £100 Risk so 2.0/3.0 £500 position = £10 per tick = 10 ticks for £100 risk - Segway....I'd also consider not using Stop losses as the market can swing up & down fast, just don't over stake.
Pete have you made a bot that’s profitable all the time if so is it on the betangel forum so I can download it 🤣
There are loads of them.
For example, a LTD strategy will be profitable every single time IF you pick the correct football match and the correct entry point.
@@jlukshooting yes, but therein lies the problem. Which are the correct matches and when is the right time? Not so easy.
i will never understand why the fuck Betfair makes so hard for people from countries that betfair isnt legal, to have an account and work !!! its stupid that the hardest to "navigate" is betfair itself !! LET PEOPLE WORK and let people work it out in their own countries !! so STUPID that company...