You need to find a profitable edge in the markets, so how do you do it?
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You need an edge in any market to make money. I’ve (Peter Webb) managed to maintain my edge over a huge number of years, so how did I do it and more importantly, how can you do it?
In this video, I discuss how I created an edge when trading on Betfair and how you should approach the same.
Bet Angel has many features that will help inch you nearer a decent strategy. Make sure you use all of them.
Link do palpite
Whilst the internet is full of advice, I believe I have found the master. I am a complete newbie and as such don't know anything. What I enjoy most about your videos is that you are an excellent teacher. What I mean by that is that you don't assume that I know. You lay it out in simple terms that I can understand. The element is understanding. You can't learn without it and that is what you do so well. Many thanks.
Could you show us a real example of Strategy tweaking and week on week what you look at.
Hello mate great video. Were can i find your Psychology of Trading Videos
I know I'm rubbish at maidens and novice races, i'm much better at 8+runner Handicaps, thank you for confirming AND reminding me what races to avoid and some to bet in. Thank you so much Peter for refocusing me.
I always thought an edge had to be a mathematical thing on the market. Can anyone comment and telling me if I am barking up the wrong tree. Thanks.
Your definitely right about random development of a set up or method.
i used just £20 in a football set up using lay the draw but making money if i ended up 2-2 or passed through 2-2
about 6 months ago.
i did 40 random expecting both to score football matches in one week starting with £20 using tiny stakes max £1 per match.
the bank went below £17 three times and above £24 three times
after that week the bank was £20.85p.
i have now refined the method to remove the 100% loss to max 75% loss,and tweaked it a little
on the other hand it could pay over 250% if it ended 2-2 2-3 or 3-2
now doing very nicely thank you using just £50 a match
Yes folks he is right, random along with a set of rules does work out to be scratch over time
but you will learn how to better your entry and exit
i must say this is a good video, well done
Yes its Sunday 5am in the morning its a pity i can only trade evenings and after midnight weekends
afraid work comes first
If you are Trading multiple strategies on one account how can you pick out/separate your strategies results from your profit and loss?
LOL I know what you mean about Maiden races, Peter. . .I used to think that bumper races were races where the horses were allowed to bump each other out of the way!
I know it's coincidence but this video played with a great and appropriate advert at the start. Some stock market investment or other. It gave me an idea for a video that you could do. The home trader is sitting unshaven in his dark basement in shorts and a vest, swigging coke and stuffing himself with crisps. There are wires everywhere coming out of junction boxes and he nearly chokes on crisps as he dashes from one information screen to another and bad news suddenly pops up. His frenzy culminates with his eyes bulging as the market moves sharply and as he tries to exit his trade with a surge of key bashing….the coke goes over the keyboard and everything short circuits. The punch line being….''Tired of manual trading?'' It would be great as a cartoon. I tried watching again but got a different ad.
It did make me wonder where there is a serious video in there about a quiet place to work, mindset, clearing distractions, calendar planning, organised breaks, simple workspace organisation and a general professional work attitude.
Is edge the same as value? Also I don't know how to get a core strategy to start with really, so can you direct me to a resource that will provide a number of strategies that I could use to become a profitable trader (though I would only start with one of course) and also explain what to look for in the racecards to decide what horse you may be interested in trading, and then how to confirm that in the live markets? Thank you.
It's like learning to ride a horse with the instructor mounted and the learner running alongside on foot trying to keep up and concentrate at the same time. So when it comes to a jump……!!! Sorry to seem negative, but I was never a mathematician, hate spreadsheets (because there's never any explanation of all those 'functions') and know virtually nothing about horse racing or football or…..'markets'! What on earth do I 'analyse'?
Hi peter, can you recommend a book to read that will guide me. I have no idea how to predict the market and i don't know what information I'm looking for.
Hi Peter out of all your fantastic videos this one has been the most valuable to me personally. Thank you very much.
Too many people think it's a "get rich quick" scheme. When in actuality, it can easily be a "get poor quick" scheme. It's a skill that needs to be mastered over time. Some people on the forums are 1000's down. People who aren't pro's have no business trading that much money. I think you've actually given some really good information in this video, regarding how different types of races trade differently. It took me months to figure that out. 🙂
Hi peter, I believe I've found an edge using bet angel with automated bets. Only been using my for a month and have around a 98% strike rate with a 5%ROI. Just wondering if successful bots tend to work over a long period of time? For example, could you have a successful bit for 6 months and then all of a sudden it all goes to pot?
I agree totally that markets are not efficient. We hear some prominent journalists saying that there is very little value around, but quite the opposite is true. Over the course of the day, there are any number of markets which at some time will display a value price. The real skill is finding these openings. As Peter rightly says you will in time be able to recognize a value price instantly…..but that will only come over time. There are no shortcuts to becoming a successful trader.
Good video. The sheer lack of analytical thinking is the bane of all newbie traders if you ask me. Perhaps the biggest edge one could have is just knowing how to find an edge, knowing the exact process needed to find, develop and polish an actual edge. I feel very fortunate to realize that. I've gone to great detail to explain this on a local non-english forum to wannabe traders and it's no surprise that only those who applied some sort of analytical approach managed to find an edge. At the end of the day only serious traders accomplish serious results.
The going in play thing. I have to ban myself from trading in play. And yet i still make that mistake.
I know you collect stats – lol – I want to know if historically "The market / us" is actually right on pricing ? we can never know if the price was correct. Yes the market drives the price up/down and settles on a fair price* is that 1-1 on the home team the correct price ? I hope this makes sense, If you were to look at all matches where the home team kicked off and was @1-1 odds >> historically were 50% of these matches won by the home team ? if its 60 % we/the market are undervaluing, if it 40% we are overvaluing… I hope i have not lost you : same for 1.5-1. >>>>> 2-1 >>> etc How right are we ?
great video i use automation to bet and need to refine things and focus on niche markets thanks
Great video. Thanks mat
Excellent video, it is astonishing how many ways a strategy can be refined, isn't it? I've been improving one strategy for 20 months now and I'm sure that there are ways of squeezing a little more out of it.