Auto exit your trade at the off

01/08/2009 | By More

A few people have emailed me to ask how I ended up winning that £1800 at Nottingham when Betfair failed to take the market in-play.  Here is your answer in video form! I like to put through as many trades as possible and one way you can achieve this is to use Take SP to exit your trade. This allows you to put more trades in and hold an order right up to the off time.

The mistake I made at Nottingham was to cancel this bet and manually close it. That meant that Betfair did not treat the bet as a Take SP bet and that’s how I ended up with the open position. I am assured by Betfair that if you leave the status unchanged they will take into account the Take SP when the re-settle a market. Given the improved performance this week, hopefully that’s a situation we wont encounter again soon.

There is obviously no point in using it when the price is way off, but if you are near to getting matched you may be able to improve your chances of a decent exit. Practice with small amounts first before moving to bigger stakes so you get used to the bump, ripples and nuances of this particular strategy. But please give the Take SP button a try, it’s a useful tool given the right circumstances.

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Category: Using Bet Angel

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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