How I doubled my Betfair trading in 2018 - Peter Webb
Vložit
- čas přidán 15. 07. 2024
- I had a pretty good 2018 on the Betfair trading markets, but on all sports markets in general.
Part of the growth was out of my control and won't be around in 2019, but there were a lot of things I did that made a big contribution.
This video discusses why my trading went so well in 2018 and why what I did, should reflect on your own approach to the market.
I've edited it together from three videos I did over three days, so it's a bit of a ramble, sorry for that!
Points for continuity errors you spot!
Peter Webb - Sport
Jealous people will always exist PETER. A big thank you to you and all your staff for all the hard work that you all put in.
Nice one, Peter. As a relative newbie to trading over the last 6 months I can safely say I spent more time listening to you in 2018 than I did my missus (and she can chat). Cheers.
Great video as always Peter. Cheers!
Never mind what people say Peter keep up the good work.
Great product, great advice & great person overall. This will be my second year using Betangel after trying out other software's, really is a cut above. Have a great year!
All the best for the rest of 2019 :)
thank you, very inspiring
Great video. As long as I'm still trading I'll continue to watch you.
This could be what you say at the start of 2020... "I just can't believe that I thought I had a winning strategy! It's turned out that I've just been incredibly lucky! The odds must be something like a billion to one, but it's happened! I never thought I would have to close my Betfair account and go on Job Seekers Allowance!
Well it is possible it's been a complete fluke, but unlikely as I understand the mechanics of it all and that's probably why I keep moving forward.
True message Peter indeed, fully agree :-)
Hi Peter, may I just say, another superb (grovel, grovel) video!
With limited free-time available, I have only been able to trade the horses at weekends of late - mainly Saturdays - but as I've been having a recent run of 'winning' days, I bet you're starting to feel my recent presence in the markets and begin worrying, eh? ;-)
As I've mentioned before, when I started in this trading game a few years ago, I got it all wrong and 'lent' the market several Grand - which I could ill-afford - but thankfully (down to your videos and my own input) I appear to be finally recouping some of my 'investment' and it is my plan (and fervent belief) that over the next several months, I will claw back much of the money that you 'stole' from me in the beginning and build up a credible 'bank!' LOL
I still trade virtually fully manually, as I currently have a small bank at my disposal and can't afford to have it wiped out by the vagaries of the markets. That said, I hope in the future to at least dip a toe into the automation waters, as I believe that the more irons I have in the fire, the better.
In closing then, may I just ask you a question that I've been chewing on for a while? If - God forbid - you were to turn up your toes tomorrow, would we still have access to Bet Angel and all its whistles and bells, or would it cease to exist as we know it virtually overnight? I realise this may seem like a morbid, negative question, but as we all know, NO-ONE is immortal and worst case scenario, we may have to use other software such as............
All the best for 2019 and many thanks for all the hard work you put in to help us mere mortals eke out a semi-living from the gambling markets. :-)
Thanks for your comments. A few years ago I reformed the structure of Bet Angel so it couldn't indefinitely without me. So while I may struggle to do some videos beyond the grave, everything else will continue for sure.
Hi Pete I am really enjoying your videos and as a result have become
resonably profitable as football trading. I have a question I would like
you to answer in one of your videos if you have not already. What is
the maximun stake size I could use relative to the liquidity of the
market I am trading? I am just looking for a rough guide, however I have
a feeing there might not be a one size fits all answer to the question.
Nice set up I’m doing the same 👍👍
Thanks for the video Peter. I didn't realise you were so heavily in the football markets. Do you trade only pre-game or in-play as well?
A bit of both. Opportunities to trade pre-off depend on the setup, but in play are fairly similar.
Did that graph say you made £900,000 in one year? Surely that cant be possible. I would like to say your Software has single handedly created & revolutionised Sports Trading and your videos will be invaluable for future entrists. We couldn't do the things we do without you your Software so a big thanks from all of us. Trying to earn £900k for the year. Surely not. 🤔
The graph said £900 Million, which is probably nearer the mark. Total traded volume I would think.
Yes, it's the total traded volume in June of that year.
@@leepointer479 - £900m. Soz....attention to detail is the key to trading. In my defence watching on my S8.
What did you mean @16:56 when you said you know all the participants in the market.
I've spent a lot of time trying to work decode the inner workings of the market. If I place a large stake into the market it gets chipped away so I can see the bets that I'm being matched against. so that gives me a lot of insight. Also, I've spoken to or met a lot of large traders and syndicates, so I get a good feel for what their specialities are and no doubt vice versa. I get the feeling that avoiding specialist areas of others saves a lot of wasted time and effort.
Are those screen AVGs? Or HDMI.
They look like AOC. HDMI ???
you trade on all sports markets or only select markets.
A lot of sports but not all markets
sir your trading software is very easy to use and best trading app in the world for betfair may i ask you one thing i just want to know one thing is bet365 odds changes first or betfair exchange odds which odds comes first in market?
i think pinnacle
Admire everything you’ve done and are doing but don’t agree with much you say in this video. Your hard work is great to see tho 👍🏻👍🏻
Thanks for your honesty
pretty sure he knows better than you though
With the amount of money you push through horse racing markets do you find it ironic that you are affecting the odds significantly in a sport where you (I believe you said previously) have little actual knowledge of form or trainer stats etc etc..?
I once screwed up on Greyhound racing. It was a big race and I overdid it and ended up chasing out my position to close the trade. It was some ironic to hear the summariser saying there was a big move for something, when it was just really me trying desperately to close a position. Thankfully that doesn't happen too often!
@@betangeltv Thanks for the reply Peter, thats kind of what I was suggesting. Especially as the liquidity on mediocre mid week horse racing gets smaller. (look back at some videos from 5 or 6 years ago where they show the market for a bog standard all weather race at Kempton with £1,000,000+ matched before the off, which might only be half that amount now) You and the other major trading players pretty much ARE the market
if you choose to play in those races which I don't think gets picked up on at all in the racing media!
BetAngel is probably THE best trading software available for trading the exchanges but as more advanced features become available the harder it will be for anyone to make money.
My point is that there is no benefit in providing super advanced trading tools to the entire market or publicising advanced trading strategies on forums (whether for automation or manual trading) out of a sense of altruism because *the market can't beat the market*. It will simply become more efficient. So revealing an edge (strategic or technical) doesn’t help the masses trading the market but the edge will stop working for the creator of the strategy. I think that is what you are noticing.
Providing the Excel interface is more than sufficient for smart people to quickly develop their own strategies which they can automate and still make money.
Show a wise man a gate and he’ll find his own way up the path !
I sort of agree with that to a sense, but whether we choose to move forward or not you would think forward-looking people are thinking the same. So it helps to remain competitive. I also think you shouldn't underestimate how foolish people can be. I always tried to push the industry more in a stock market-style trading route, but when I glance around the industry it seems to be sinking more to a get rich quick, tipster style thing. Not the sort of trading I'm familiar with at all. But it gets website hits and a few quid for the perpetrators so I don't see that changing any time soon.
''You can't argue with fools'' It can be quite fun though. I once had a sneering lecture from a sports club colleague about sports trading being impossible and just a form of gambling for delusional losers. I said I'd stand by my point of view and he could stand by his. He could also get out at the traffic lights as my 'gambling' paid for the car.
The realisation that people view and reinforce their own views as the truth despite evidence to the contrary was a real breakthrough for me. It filled in the final piece of the puzzle in terms of understanding where people are likely to make mistakes.
Making people's reactions to similar events predictable even when the events themselves are not?
People are predictably irrational
Can i do this in the united states?
Betfair has an exchange in New Jersey for residents in New Jersey but that is all. We are not allowed to provide a product for this territory.
@@betangeltv You're not allowed to provide a product for new jersey only? I live in Kansas and really want to try this but i'm not sure if it's legal?
Wouldn't it be just easier to say how much you won putting how much infront. Would save everybody's time eh?
I'm an exception so I don't think it's right to set my results as a goal because it's unlikely you will get anywhere near what I've managed. So it's better to set that from your own expectations. I just want you show that there is still room for improvement, even if you are at a higher level.
I think the truth is that many people don't get the sort of support that ideal family life provides, and thus subconsciously they tend to go looking for praise and support elsewhere. Big mistake! It's not a great life to find that you are only successful by totally ignoring the family that raised you, is it?
It must be hard making these kind of videos without coming across as smug