Here is a good example of reading the market.
By reading the market what we are trying to do is ‘feel’ what the market is trying to tell us.
Is it trying to back the runner we are looking at, is it trying to lay it? What price is it willing to do either?
I’ve chosen this video because it was a tough trade but also because it’s a nice narration of my thoughts on the market.
People have often asked for this, something that isn’t straight forward. So here it is, you can listen to me dissecting how aggressive I should be on this trade. That’s what I tend to vary, how much I trade. If I’m not confident I play it safe and trim stakes, but if I’m confident I’ll let rip. This trade was tricky.
During the day I get a mixture of trades. If you tweet me I’ll tell you how each day feels. Some days it’s easy to read and others not so much. Some days it’s easy to spot which markets you should and shouldn’t be trading aggressively.
By avoiding or toning down your activity you will automatically minimise your losses by exposing yourself to less risk when the market isn’t showing you anything.
Link do palpite
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Hi Peter, Great video!!
Can you please tell how do I display the bottom left chart the way you did? its the one that shows the chart than the name of the horse, the price and the graph
I have to short forehead for this xD
Pete are you still trading in this way ??
Peter can you explain in a video what graphs you use, the layout you choose for the graphs on bet angel and what each graph means. And how do you see those little line depictions of the price history for each horse? I go into market overview on my bet angel but it doesn't display like that, it uses coloured coded lines all parallel to each other then a colour code.
There seemed to be a great range to scalp between 1.76/1.77 and 1.80/1.81 any reason why you were reluctant to do so?
Peter around 8:55 you speak of that money on the back side being 'false', it's like £3,300 or something, but then when it did go it was matched, by false I thought you mean it's like spoof money that will disappear without being matched as it's not genuine money? But the money did seem to be genuine as it was matched. Am I missing the point about what you mean by 'false' here?
That was a complex and volatile trade
Bloody erratic…..ROFL
Peters main strategy is pleading with the market, it seems to work.
Hi Peter, any reason why you didn't line up some offers once it had its run up towards 1.9, looking for a spike up?
You comment a lot in your horse trading videos about volume/order flow but your automation in BetAngel doesn't allow volume tracking.Is there a reason why?
I wish I understood what he is doing and saying. I understand that the basic premise of trading is backing at higher odds than the lay bet to guarantee a profit by creating an arb but I am confused by the columns here. For example stopping the video at 5.11, it looks to me like you could put on a back stake on cut the cards of £990 at odds of 1.87 and lay the same horse at 1.7 up to £1071 but this surely can't be right. Can somebody please explain?
Thank you peter, this video is golden! i watched it 6 weeks ago and wasn't able to take much away, i've since tried to trade using small stakes and watching this today I've got a lot more of the nuggets of info your putting out. Great job mate! Your helping a lot of people!
Hi Peter, Love your videos, but I'm always asking "why?" to my screen when you say things like "as you can see this price is about to move" etc.! It's very frustrating knowing what you're thinking without knowing why you're thinking it! Anyway – I have a specific question about the trades in this video: Could you explain in a little more detail why you felt this price was likely to break above 1.82 or below 1.75 and make a run?? You say you're expecting a bounce back at 1min 40secs but I'm at a loss to work out why you think this is likely? Thanks!!
Peter
Can I ask why you didn't trade from when it hit the bottom of the market (1.74) with a lay as your thought pattern suggested it was going up to 1.8. So traded in reverse, lay to back when you felt it hit the top? Can you explain that thought pattern?
A very very very VERY important video, thanks Peter.
BETAngel, Hi Peter, so while you are trading you are not interested in the form of the horses or about information or do the handicap yourself on the race the night prior and form your own market like an odds compiler, this seems totally different from what i do , do you do Arbitrage, i Bet horses on bookies early markets at early prices and i usually make a profit on every horse i bet before the race is off this is because i have inside information on hundreds of horses , if i wanted to do this type of trading would my knowledge be a waste of time and i would need to re-train to use these programs, because i have no idea what you are doing, but i am an expert horses racing Handicapper , I have a popular face book page and website but i give tips and Compile odds, just tell me this is totally different to what i do do you use pre knowledge of Horses before you trade?. many thanks Peter.
Why on earth are the backs red and lays blue?!
why would anyone dislike Peters video!? it's his opinion and though process, if you disagree and have your own opinions why are you watching it? it's free advice ffs. Instead of disliking, give your opinion via comments. This pisses me off can't imagine how Peter feels. idiots!
Quite a few missed scalping opportunities in the first 5 mins of the video there, the favourite could have been taken 3 or 4 times at around 1.78 for 2 ticks easily.
how much would you need to start practicing trading ? I have about 1k between to play with betfair and smarkets and would like to get into this side of trading at some stage in the near future
wow. At no point during that whole video did you actually do what your title suggested you would do. waste off time!!
Just out of interest… Are the backs on the right and the lays on the left on the ladder in this video… which is different to the settings in bet angel ? is this just a preference ? I was abit confused following this based on that … otherwise awesome video
how to get bet angel in europe we are blocked;-(((
That video alone is more valuable than all of the videos combined of some of the so called "Betfair traders" selling their guides and video guides to people believing their BS. People keep looking at the wrong things and keep on losing money, while the charlatans get wealthy in the process… Well done Peter, and thank you for being one of the few genuine guys in the industry!
Excellent video again many thanks.