Reading the ladders correctly will help you get a good trade through the market. Most of that is about predicting, or probably more accurately described as anticipating movement and support for your opening trade.
All prices are correlated on the ladder. They have to be, as the market needs to gravitate to a 100% book.
So when I turn up to a market, I look at the ladder and make an assessment of what I see.
Initially I want to make sure I can see the majority of the market in front of me as I need that to see how it’s influencing my current position.
From there I start looking for how prices are correlated. But it’s important to know that price movement on one ladder is proportional to it’s price.
So I suggest you use the bookmaking feature on Bet Angel to understand how the prices are likely to move. This will give you a ‘natural’ range in which the price are likely to trade.
#betangel #betfairtrading #betting
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Hi Peter. How do we know which horse (when there are multiple) will come in if another drifts, and vice versa?
Another great video, thanks. I'm a little confused about which which way the ladder moves. Sometimes on the lay side I see £1000 appear but am confused, does that money make the price drift or shorter? Thanks
Hi Peter!
I am really inspired of your videos there is an amazingly huge value in each of them. I've been watching your videos and learning to trade from them in the past few years but I just started to use the real account instead of the practice one and I noticed the difficulty of the psychology part straight away, even with a 10 pound stake because it is my own money at risk. Hopefully I will gradually raise my stakes and make an income from it one day!
Regarding the price movements, lets say there are only 2 runners and everybody is backing the favourite so it is coming in and nobody place any bets on the 2nd favourite. In this case how can the 2nd favourite drift if no one is laying it? But it has to drift as people back the favourite.
Or Betfair just moves the money around to maintain the 100%? In that case if there are 3 runners and bets are placed only on the favourite who decides which of the other 2 runners will drift if no one is laying them?
Thank you for your answer!
Have a great day!
Dan
Hi Peter, how do you fix the betfair graphs to the underneath of the ladders like you have in this video?
Thanks
I like the advice about not modifying your behaviour i.e. not changing your approach simply applying the strategy and accepting the results whether positive or negative. I think that this is a key concept and one of the most useful pieces of advice in the public domain today.
Sorry I’m completely new at this at looking to going into it how do I acquire this data with ladders is it available on Betfair or do you need to buy software?
Question Peter – Do you still trade in the financial markets, and if so, how much time do you devote to it?
I've been trading full time for years, and pre-race is a 'sometime' hobby that I picked up a few years ago. I'm far more successful in trading financial market than I am with pre-race. 😂🤣
I m from India plz explained in hindi
Hi, Iv'e noticed you have a refresh rate of 40ms, the lowest settings will allow for me is 200ms. How do I get 40ms. Cheers
Hi Peter I have a question. So when there is a big order to back or lay on a horse and it takes out several ticks, you'll see another horse move in the opposite direction simultaneously which is obviously the cross matching kicking in, ensuring the book stays balanced. However, as I understand this is betfair itself doing this, what decides which horse is going to take the flak so to speak? For instance if a huge bet is placed suddenly on a favourite and it takes out several prices what will decide which horse gets smashed out to allow for that move? Because generally It seems to be usually one horse that will immediately drift way more than anything else. Thanks.
No nonsense as normal, no gimmicks, just good advice.
the videos are green ,the message is excellent , the P&L shall follow suit
thanks 👍🏼
Excellent stuff Peter. Was getting close to packing in pre race trading and just focusing on football but this video has convinced me to give it another go 👍🏽
Is there a way of knowing which ladder will adjust or is it random? (within reason – I know a price at 22, moving 5 ticks, is unlikely to move a short price 6 ticks). Because it is so easy to get lost in the market adjusting.
What clues will there be, to be more confidence in price B's movement being more likely to be affected by Price A etc. Sometimes it happens simultaneously and can becomes a headache.
Hi Peter. Regarding cross matching and the “ghost/phantom” order showing that aren’t really there, in a binary market (tennis, boxing…etc). How does the Betangel software determine which one is the real one (and hide the phantom order) between lay on the fav or the equivalent back on the dog? I would appreciate a response, been trying the software on and off for a few weeks now. Amazing!
No doubt, Bet Angel is awesome.
Hi Peter. As ever, I've picked up a few pointers from one of your videos – thanks for taking the time to make them.
Whilst watching this latest video, I was drawn to the background 'noise'. If I had to guess, I'd say that you live somewhere close to one of our busy Motorways? I do – and that background 'hiss/roar' can sometimes be a pain in the arris!
All the best. 😉
Is it possible to have a slimmer Header for the Global Settings at the top of the screen where the offset box is?
v useful, as ever, thanks. Any plans for a live session in the near future?
FIRST!
have you programmed the software yourself? what languages have been used? thanks 🙂