My first year of Sports Betting and Betfair Trading for a living
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- čas přidán 26. 10. 2018
- Here is a review of my first year of Betfair trading, which didn't include Bet Angel. That came later.
Though to be completely honest, I started by arbing. This is similar to what you see when matched betting in modern markets.
It was an era on the Betfair betting exchange where sports trading was unknown, where gambling or trading sports for a living was deeply scorned (no change there then) and dropping out of a well-paid job to do it was just plain crazy. Even Bet Angel didn't exist at that point, that was still to come.
My motivation to become a professional Betfair trader wasn't because of desperation but a desire to do something that somebody hadn't done before and to do something special.
Here is my story.
#betfairtrading #betting #betfair - Sport
I honestly think that you're one the greatest if not the greatest bf trader ever. It just goes to show the benefits of passion and hard work. thanks for sharing. and have a green day everybody.
Thank you for your kind comments.
@@betangeltv Hi Peter, is there an option for the software to work on mac?
This video is like a Betfair time capsule! Just awesome. Great job logging/screenshotting everything!
@crazy fast - It actually works the other way around. I get paid f**k all by Betfair, I pay them.
Watch this video - czcams.com/video/rdZMDt-DEHA/video.html
Fantastic video, thanks Peter! Have been watching you for over a year as I got into matched betting. I'm now a day trader in Gold, Forex, and cryptocurrencies. Have always looked up to your centred & strong mind... all the best wishes! :)
Best of wishes to you to!
Hi Peter
Big Thank you for sharing these experiences with us.
It means a lot for those who are truly interested and it give us a lot of confidence to became like you one day.
Please don’t give up as you very appreciate it.
Best Regards
Antonio
Thank you for your feedback, it's much appreciated. That's pretty much why I do the videos to help and encourage others.
V inspiring stuff. I’m gonna give it a good go soon, I’ll shake your hand one day hopefully and say thanks for the push and giving me the tools to do it. Now of only I can get your discipline and highly analytical brain :) thanks Peter
Great video Peter, nice one.
Thank you
Inspirational. Glad to make your acquaintance.
Well done Peter I'm pleased I made it 👍
wow I remember the launch of betfair and coming up with lay the draw, the odds used to go crazy after a goal, much more sophisticated now.We used to travel to find tax free bookies...great days
Thank you for your great wisdom, Peter. You are a legend 👏🤘
I appreciate that!
Really interesting video, great level of honesty. Would you say that with more people trading now, that your profit margins are smaller? Or do you think this has been mitigated by the extra markets and liquidity that have been added to Betfair since it opened?
The latter.
Thanks for all you share Peter
My pleasure!
Makes me laugh now when I was thinking back 2 years ago does this trading thing actually work .you were extremely brave Peter going into the unknown .Trading legend
I think the thing that made me do it was realising that I'd missed so many opportunities in the past, by seeing them but doing nothing about it.
That’s where I am now tim. Only started two weeks ago. Have you cracked it then?!
@@stephen-fu2ls how are you doing with trading?
Fascinating insight
Thank you.
Interesting video I my take the plunge into buy the software 👍
Great video of your thoughts processes when u did the leap.
In your equity curve at 19.50, wondering if you can you share what are the factors or experiences that made a significant gradient change between week 25 to 29. Maybe sequel to this video
I didn't have week by week data for the left-hand side of the graph so it's just the average of the values the right-hand side is my progress by the week from that point onwards. The left-hand side is also full of newbie errors that everybody makes so it's slightly lower probably mainly for that reason.
I keep asking people about value. Is it essential to find value when scalping? People just throw the 'only way to win in the long run is to find value'. But is this true when scalping?
No, you don't need to know anything about value when scalping or trading in general. When trading you are trading volatility in effect. You may have to anticpate what the market is doing, but knowing value is not that important.
Thanks Peter!
Before become a full time trader, what is your job and what is your educational background ? Is sports betting your main and only job after you quit your previous job ?
I worked for a consumer technology company before doing Betfair full time. I would travel around Europe project managing for them. Completely different from what I do now, but I had been trading in my spare time on financial markets for a long time.
I never went to University and started my working life at a software distributor.
There is literally no job that would have paid me as much as doing this full time.
I think the merger-acquisition game is still going on which is why we now have PaddyPower Betfair.
A year later and it's all been merged all over again, you were right.
Hi Peter. Great, honest video. This is probably how I would like to earn my living. I'm not really interested in being rich. Just a pleasant living with no boss would suffice. How would I start? Are there courses?
We have a dedicated site to learning visit www.betangelacademy.com
@@betangeltv - Thank you so much Peter!
I thought Andrew Flintoff was the one crushing the Aussies in 2005. Todd x 10!
If you are prepared to put the work in anything is possible!
Great video. How do you learn actual strategy? Any good courses out there? ...anyone?
প্রথম ডিপোজিট বোনাস কিভাবে নেয়
What are BKELLYS and MKELLYS?
I can't remember off the top of my head, I'd have to check that spreadsheet.
hello peter, it was quite a nice video. by curiosity , can u put a monthly net PL in the next videos? i wonder what is posible , actually what woud be really nice , that no one every did , was showing how is trading in other exchanges, and NetPL in other exchange such as matchbook or betdaq, smarkets.. its an idea . hope you receive it well
I'll often post up little bits on twitter. Since I started my first year was my lowest I achieved, so that should give you some idea of what can be done, even if you extrapolate just that.
Te felicito por tu contenido, esta muy bueno.
Yo estoy haciendo videos explicando conceptos de la bolsa en 5 minutos.
Te invito a chequear el ultimo y pasarte por mi canal!
Saludos :D
Lav it
Any chance u can post a net pl of your last 3 months or last month, days, gives the motivation,love to dream and dreaming is free
I've always been reluctant to 'sell' the concept in terms of what I achieve as that's come after 20 years of practice. Something I do naturally can take a bit of time to learn and encouraging people to use larger stakes can be very risky if you have never traded before. So I've always been cautious on publishing results.
However if I did you could probably pick any period and it would be in the tens of thousands spread across a few accounts. I run manual and automated stuff on seperate accounts. But as I said, I'm well practiced.
Well this year net pl would be what people is interested, not 20 years ago to see what is possible these days
I'm actually getting better over time as I learn more and use features like automation to work harder in more markets. I'm unsual though, so bear that in mind. But I won on all 28 races at Cheltenham this year and I've had record Derby, Grand National results to name a few. I'm still miles better than when I started 20 years ago.
My 'worst' year was still my first.
it working India ?
Not natively, Betfair was recently banned in India.
@@betangeltv does your software work on Orbitx Exchange which is a clone of Betfair?
if you think your good enough to bet for living take the chance.
aww shit, whats he making now,,,? 1.1billion a minute...! ego trip, but thanks anyway, very interesting.
This is just telling you how I started, that's all.
Jealous? I AM! LOL