Betfair trading on horse racing - Explained in 3 minutes
Video Overview & Insights
Back in 2014, Betfair asked me to record a whole day of Betfair trading on horse racing and filmed the results.
A good system to lay horses on betfair is anything the daily express naps lay it, never known such terrible newspaper tipsters,
I actually recorded a full day worth of Betfair trading, but they only picked one video to show in a bit more detail. This is that video!
The whole trade took about 6 minutes or so to complete. The end result was a £1024 free bet on the second favourite which turned into £128 when fully hedged.
01:08 - 01:35 Looking at the pressure in the market, analyse it and build a trading plan..Q?.a scientist meets a casual artist and they both must win which one would you rather be ?... bet angel has given the artist a chance to see his ' gut feeling' in play and beat the scientist at his own game . thanks for the opportunity peter.
To make the video more 'snappy' they edited it down to three minutes to catch the key points and it came out pretty well, although somewhat light on the explanation side. But it gets the concept of trading on horse racing across quite well.
Its intention back then was to promote the concept of Betfair trading and how it could be done on horse racing.
Yet another gem. Thanks Peter.
If you are interested in seeing more depth on the videos I did on this day, let me know and I can publish them. I did archive the full-length videos.
The core trading methodology in this video is something I still use today and have mentioned in other videos.
More videos like this of actual trading please. I c wat ur trying to do with the changing camera angles, mixing it up a bit but it just takes attention away from the trading
My overall trading has moved up a notch since I recorded this and I do a lot more fully automated stuff now as well. But it's a decent example.
Download a free trial of Bet Angel here - https://www.betangel.com/betfair/
Excellent video Pete, would love a live stream of you trading some markets every now and again
Video three hours of trading videos for FREE here - https://online.betangelacademy.com
Key moments in the video: -
Peter, please upload full-length videos of trades when you can because it is a great way to learn. I have just recently subscribed to Bet Angel Professional, but unfortunately as you know the live training workshops are not available at the moment because of Covid-19. Therefore, I have to learn to trade through the videos you upload, they are a good way to start until the workshops become available again. Very much appreciated! :-)
00:00 - Intro
00:40 - Opening a position in the market
Peter, I highly value your videos for their content. But the other aspect I enjoy is your (is it you?) ability to change how your videos are presented. It looks like a new video director today. Your video team should be congratulated for continually innovating.
00:58 - Looking at Betfair charts
01:08 - Looking at the pressure in the market
good luck
01:37 - Putting in closing positions
01:50 - Initial order filled
Peter I’d love to get a video on your thought processes of how you decide what you’re going to do from the point of opening a new race ladder screen say 10 minutes pre-off. For example, on this video what made you decide to place the lay bet on 2nd favourite rather than say backing the favourite? Just an insight into your decision making processes would be really insightful for me
02:06 - Modifying second closing trade
02:39 - Position closed for £1024 free bet
Peter has a fabulous talent and experience at this game and it all seems so easy but it is not and only 5% succeed according to Betfair and i wonder how Peter manages the Premium charge.
02:54 - Fully hedged position on Betfair
#betfair #betfairtrading #peterwebb
Fantastic Peter thank you so much 😊.
More User Perspectives
Surely this is a video to entice people to participate in trading. The more newbies in the market not having a clue what to do and throwing their money around at random things means more money there is for the the 5% to take.
@benfleck576It's that simple!
@grahambeyer6254When you can hedge your bets to equal profit statistically is that best thing overtime or take liability out so 0.00 on all runners and more profit on selection or is it just sometimes you will just take profit over all runners and sometimes let it run(think that makes sense what im trying to ask)
@timporter4008