I’ve seen a few comments on what stakes should I use and why do I use certain stakes when I’m trading on Betfair.
So I thought it was about time I did a video on what stakes you should use.
It’s important when deploying a decent trading strategy to ensure you use correct stakes. Fortunately, Bet Angel has a staking process built right into the software.
But getting the right staking system / strategy is vital to long-term trading or betting success.
Vídeo Completo
On another video you talked about your best day's profit, because nearly all your traded horses won. Does that mean you don't always hedge to equal profits?
My biggest problem is deciding whether to take assured return or free bet (or part of both).
For example, today on one race I was +£50 on 2nd fav and +£5 every other runner, with a chance to even out to £14 all round. What would be your thoughts?
Awesome videos Peter!
Cannot see how you can make any money at all unless there is a lot more than just a tick size in difference between your lay (at lower than the back price) I've done some math and find it needs to be a full 3 pts as in from 8 down to 5, or you are just slowly dying of commision fees and whatever the subscription to your software following the free trial fees are. Why would you not hedge, surely putting two bets as a back and a lay is hedging and depending if you put the lay wanting a larger back size or the back wantng a lower lay size. A £1.00 at 5 lay would need to get a – £6.00 payout on the losing lay for a winning back which means a back at 7s ! If it's not matched in running then you lose!, likely not to be if horse price keeps going down as it gets nearer the win.
The problem is, is when the price moves through a crossover point the amount per tick increases.
I love your videos, you explain everything in depth and it's top class info.
Great tip. Thanks
G8 Video Euler..very helpful..many thanks.
do you have a video when you trade with this system in video
It only returns £1 if the selection wins, various lesser amounts when it's hedged.
This is all true BUT only before you hedge up you profit or loss. Lets say you trade with £10 per tick and you take a 5 tick loss on a low price favorite or on a horse priced ay say 8.40. then you true loss which is the only thing that counts will be very different after you hedge and truly take your loss or profit if it was a winning trade. So would it not make a lot more sense to use stakes that give you the same profit/loss per tick AFTER hedging? That makes way more sense to a math heavy person like me and is what I do.
aha! That's why i prefer not to trade on the favourite. I prefer second or third favourite for bigger returns but feel uncomfortable with the possible swings on outsiders. I have been considering upping stakes on lower odds so will definitely be thinking about this more. Want to get my skills up first before I increase stakes though!