At last, the puzzle is complete ! Thank you so much for this, there was definitely a light switched on, inside my head. Your videos here are a goldmine. I promise to go back and watch them all.
Always helpful hints over the years of watching your videos Peter, this one is particularly useful but newbie traders need to be made aware in that final 120 seconds+delay in loading the stalls/horse being re-shod or monty roberts blanket being introduced to a nervy 2nd/3rd fav the price on the fav WILL plummet. P.s you need a new razor blade, you're sporting what i call raspberry chin :)
Thankyou Peter . throughout all your video's i have collected many little "gems" , however after watching this video i have found the "Goldmine". You sir are my Messiah .
I am new to all of this and watched a lot of the academy vids and trading in training mode, it all making sense to me now.. thanks Peter a very useful vid.
I tend to do the second part of this trade first Peter. I anticipate the drift and place the £50 stakes scattered at various prices 5 and above. It brushes through my stakes then returns to 4. Unless crazy drift - in a Maiden etc. I just can't lay first. It's psychological with me.
@@lovebouncycastles572 maiden entrants have never won a race, and some of them are very lightly raced so often the market is undecided, making trading somewhat volatile
As someone who is 'champing at the bit' and gagging for his self-imposed break with Betfair to end in July, I find videos like this particularly interesting. Before I put on the brakes 12 months ago, I didn't really understand stuff like this, but now I do, I feel more confident that when I resume my trading career, then I'll at least lose less money! LOL Seriously, as a comparative novice, I think the major problem that we novices face, is that we - often by necessity - use really small stakes but then; when we see Peter making such large returns using bigger stakes, feel tempted to 'jump in with the big boys' - and thats where we get screwed! My motto going forward? Stake small, win small - and LEARN! :-)
Interesting video as usual. Can I ask you what % of trades you get right ie prices move in your favour. How much tolerance have you for exposure if your position goes into the red? Thanks for your help.
Great video. I thought I had seen this one but I hadn't. Seems like I very sound strategy and going give it ago when the opportunity presente itself :) 😃
Just one other comment, is there any chance you could make a video on how to calculate the half life of a system. By half life I mean how would you know if your system is in decay? Apart from obvious a reducing balance! Have you done any such calculation? In my case I tweak the programme constantly so I’m not measuring the same system!
Hi Peter. What advice do you have for someone who was profiting quite well for a newbie with drifter automations and since Friday just seems to not be able to hit like they have been doing for the past month. Asking for a friend....lol.
Hi Peter, thanks for the great tip on trading. I noticed also that you said that you missed the beginning of the entry point. But isn't the increment beginning 4.1- 6?
@@betangeltv Come on Peter, your baby, cross over point ! In google scholar simply put in "Betfair " and a number of very erudite studies come up, the vast majority of which use NASA style maths to describe simple processes.One of them made ref to COP whilst describing Betfair and what pre off traders get up to. I can't believe that several universities actually have " gambling studies" depths, you've probably heard of Vaughan Williams,a Prof of Gamblingnstudies at I think Nottingham uni. Have you ever gleaned anything useful from these academic studies, amongst the many on Google scholar, that perhaps you could shsre with us mere mortals?As for me, grade 2 cse maths , 1976! When you retire, perhaps you could become an honoury Professor at one of these seats of learning. Have a good xmas
LOL, read too much into that. My experience of academics is that they love to talk about a subject but are somewhat reluctant to put it to use. I did a talk at Exeter university once and reached out to a few institutions, but there seems to be little interest. I haven't read anything of interest in academic circles. Most are geared around why it's impossible to win money betting.
Why do you say it's unlikely to go back down to 3.3 when anything can happen? Is that your experience kicking in over your years of trading and would this be typical of other markets?
Look at the traded volume on the right where most money was traded. It's close to the off and would take a big drift on second and third horse for fav to go down to 3.3.
Doesn't matter if it has a '2/1 pay-off' - unless you can win it more than 33% of the time... if you win less than that, then 2/1 pay-off will still end in losses. It's all relative....
At last, the puzzle is complete ! Thank you so much for this, there was definitely a light switched on, inside my head. Your videos here are a goldmine. I promise to go back and watch them all.
These videos are so good,certainly the last few months, I’m on the verge of buying the mug merchandise, so peter keeps making these quality videos!
Always helpful hints over the years of watching your videos Peter, this one is particularly useful but newbie traders need to be made aware in that final 120 seconds+delay in loading the stalls/horse being re-shod or monty roberts blanket being introduced to a nervy 2nd/3rd fav the price on the fav WILL plummet.
P.s you need a new razor blade, you're sporting what i call raspberry chin :)
Thankyou Peter . throughout all your video's i have collected many little "gems" , however after watching this video i have found the "Goldmine".
You sir are my Messiah .
give me a hint! i am bankrupt and need to feed my kids((((
Clean, clear and concise .
Thank you.
Keep the videos coming Peter, especially the recommended ones on Twitter. I feel that the information is current then.
Just did what you said on race Tram 25th Jul - 18:15 2m Mdn Hrd with horse 1 Memories Remain. Very nice :)
I am new to all of this and watched a lot of the academy vids and trading in training mode, it all making sense to me now.. thanks Peter a very useful vid.
Glad to help!
Been going through your free Academy tutorials. Very informative. I saw an example like this in there. I'm slowly getting the grasp of it.
Great to hear!
Best tip yet 👍👍👍👍😯👍👍👍👍
Very Interesting Peter. Thank you.
Glad you enjoyed it
Best video I've seen so far! Thank you!
I tend to do the second part of this trade first Peter. I anticipate the drift and place the £50 stakes scattered at various prices 5 and above. It brushes through my stakes then returns to 4. Unless crazy drift - in a Maiden etc. I just can't lay first. It's psychological with me.
How does a Maiden race affect betting etc ? I would love to know more about types of horse racing’s
@@lovebouncycastles572 maiden entrants have never won a race, and some of them are very lightly raced so often the market is undecided, making trading somewhat volatile
@@lovebouncycastles572 maiden races tend to trend where as handicap markets range up and down
As someone who is 'champing at the bit' and gagging for his self-imposed break with Betfair to end in July, I find videos like this particularly interesting. Before I put on the brakes 12 months ago, I didn't really understand stuff like this, but now I do, I feel more confident that when I resume my trading career, then I'll at least lose less money! LOL
Seriously, as a comparative novice, I think the major problem that we novices face, is that we - often by necessity - use really small stakes but then; when we see Peter making such large returns using bigger stakes, feel tempted to 'jump in with the big boys' - and thats where we get screwed!
My motto going forward? Stake small, win small - and LEARN! :-)
no point upping your stakes until you can consistently win....
Oh my. How I not know this before watching this video, cheers
You are welcome!
Interesting video as usual.
Can I ask you what % of trades you get right ie prices move in your favour. How much tolerance have you for exposure if your position goes into the red?
Thanks for your help.
Great video. I thought I had seen this one but I hadn't. Seems like I very sound strategy and going give it ago when the opportunity presente itself :) 😃
peter are you still trading the financial markets i know you're a big fan of buffett?
Jeeeez 4:29 do you always drive that fast??
Juste une nouvelle vidéo super intéressante et enrichissante :-) merci Peter !
Merci!
Just one other comment, is there any chance you could make a video on how to calculate the half life of a system. By half life I mean how would you know if your system is in decay? Apart from obvious a reducing balance! Have you done any such calculation? In my case I tweak the programme constantly so I’m not measuring the same system!
Are the crossover points on Betdaq the same as Betfair's ?
so when is the crossover? When the fav horse starts to drift?
Hi Peter. What advice do you have for someone who was profiting quite well for a newbie with drifter automations and since Friday just seems to not be able to hit like they have been doing for the past month. Asking for a friend....lol.
Favourites are winning more frequently at the moment than normal so they are getting more money. It will revert given time.
really good vid thanks
Not to be recommend 60 seconds before the off at Galway or insert your other (interesting betting patterns) favourite track name ...
Something I've seen a lot (I primarily do matched betting) is say when the 2nd favourite odds shorten, the favourites odds lengthen, and vice versa.
is betfair available in africa , and if that so how do i find about it?
Hi Peter, thanks for the great tip on trading. I noticed also that you said that you missed the beginning of the entry point. But isn't the increment beginning 4.1- 6?
COP mentioned in the acadrmic literature dealing with Betfair, you are not mentioned,,sadly !
COP? What academic stuff have you been reading? I'm always interested in what the academuc angle is.
@@betangeltv Come on Peter, your baby, cross over point !
In google scholar simply put in "Betfair " and a number of very erudite studies come up, the vast majority of which use NASA style maths to describe simple processes.One of them made ref to COP whilst describing Betfair and what pre off traders get up to.
I can't believe that several universities actually have " gambling studies" depths, you've probably heard of Vaughan Williams,a Prof of Gamblingnstudies at I think Nottingham uni.
Have you ever gleaned anything useful from these academic studies, amongst the many on Google scholar, that perhaps you could shsre with us mere mortals?As for me, grade 2 cse maths , 1976! When you retire, perhaps you could become an honoury Professor at one of these seats of learning.
Have a good xmas
LOL, read too much into that.
My experience of academics is that they love to talk about a subject but are somewhat reluctant to put it to use. I did a talk at Exeter university once and reached out to a few institutions, but there seems to be little interest.
I haven't read anything of interest in academic circles. Most are geared around why it's impossible to win money betting.
I would love to have a clue what you are on about lol
biggest problem with befair is it doesn't match your bet if u forget to cancel it then it matches latter u can have multiple bets on 1 horse
That's not a problem with Betfair, it's a problem with you!
Wot, no comments?
If we forgot password ..how can we reset ?
Your password is set with Betfair so you would need to visit that site to reset it.
Bet Angel in market search -quick search when i search any tennis player name or game name not filter it out . Which setting i need to change ?
Why do you say it's unlikely to go back down to 3.3 when anything can happen? Is that your experience kicking in over your years of trading and would this be typical of other markets?
The amount of money matched at that price.
Look at the traded volume on the right where most money was traded. It's close to the off and would take a big drift on second and third horse for fav to go down to 3.3.
@@tonyburn Thanks
@@p___w9103 Thanks
Is it likely Jon Jon knows the meaning of unlikely? Or should say ,on the balance of probability ?
very easy when we have in cash so much money ....
Wanna trade for a living, any advice?
Yes, manage your risk and dont leave your job.
Can I have lotto no
Doesn't matter if it has a '2/1 pay-off' - unless you can win it more than 33% of the time... if you win less than that, then 2/1 pay-off will still end in losses. It's all relative....
But if the market is random then the payoff will be 50/50?
@@betangeltv if that were true though as you well know you'd make infinite money. It doesn't work like that. Good vid though.
I realise that, there are always going to be additional constraints with any process. Just trying to point people in the right direction.