When I started Betfair trading I was doing arbitrage betting. I was going to a bookmaker or sportsbook and laying the opposing bet on Betfair.
I would profit because of the differential between the amount I won on the winning bet and the amount I lost on the lay bet on Betfair.
When trading you are trying to do the same thing, but you have many different ways in which you can do this.
If you latch onto a decent trend you can ride that trend to get a good profit. But you need to get in and out at roughly the correct moment.
But it is possible to trade without knowing the direction and also profit. So that’s what I’m going to cover in this video.
I suggest you also view this video: –
It contains a strategy that profits in a similar manner, but in a different way.
#betfairtrading #betangel #sportstrading
Vídeo Completo
I tried this because I'm very bad at working out which way the price is likely to move and it didn't go well. I placed a trade each side of the market just as in the video but nearly every time, either the back or the lay bet would get matched instantly but at the same time the price would then rocket off in the wrong direction leaving me with no chance of getting the other order filled and at a loss every time. I've still no idea what I did wrong.
Your comment of 'I netted £250 on this runner' at 5.00 isn't quite right is it? There will be some who watch this video who think that in 2 clicks you made £250 on the market, and you didn't did you? You should make that clear.
Same at 0530, you say 'I earned £30', but you didn't do you? Again, you won't have left the market at that point. You would have hedged your profit across all runners producing a profit nothing like the £30 that some people would have thought you made by watching this video.
Why did you do that?
I feel that you've vastly over simplified this and made it look much easier than it is. Your years of experience would have meant you had a good idea of which way the markets were going to go on these trades. Chuck a total newbie into this and ask them to click prices and I could see disaster waiting to happen.
Is betting this way not a lottery?
Nice and simple, thanks❤️
Nice video and quite interesting way to make money trading the horses
I see every where,and here at you..back at top and lay at bottom…but you backed Atomic Angel at bottom..😅😅..So,are things are you not saying? And others do the same thing…Why would you advise to do some thing if you do different?
I've heard you say this several times and it's always baffled me. Regarding the steps you made from arbing then doing both backing and laying on the exchange. And that betfair trading was then born…. Surely the people who founded betfair and a lot of their first customers had that concept in mind from the very beginning?
Hey Peter, are you running in person classes again ?
Thanks Peter brilliant as always 👍