Category: Using Bet Angel
Whoops!
Evens shot turned over, has this happened before? OK, that headline doesn’t sound particularly exciting as this must happen very often, but not like this!
For some strange reason, every now and again, the market goes bonkers and this happened again last night. I got filled at 2’s on something that should have been 30’s way before the start of the race. At first I didn’t realise it had happened, but when my P&L started showing some odd amounts I …
Money can buy you success
Looking at the £80m Real Madrid have paid for Ronaldo you have to ask, is it good value? Well according to the stats ,the answer on value is not clear but on “will it bring success?”, pretty emphatic.
I’ve studied loads of things about football markets including some less than obvious statistics. One of these is whether buying good players pays dividends. The answer was much more emphatic that I ever expected. There is a very high correlation of wages …
Setanta halt new subscriptions
Setanta popped this notice up on their web site today: –
https://www.setanta.com/global/ie.html
Looks like things are critical at Setanta. The racing post seems to indicate that Racing UK will not be affected if there is a problem with Setanta, which looks pretty likely at this moment in time. I, for one, would be thankful if Racing UK survives in it’s current format. I have no hesitation paying for the better coverage you get on Racing UK, as it pays to …
Feeling poor?
Was doing some research the other night for an investment fund I am on the board of. We were looking at consumer oriented companies and arguing about disposable income. I went off and dug around to see what I could find on the average wage in the UK and thought I would share this with you.
Before you click on the link, work out how much you earn and have a guess at where you are in the grand scheme …
Biggest shock ever?
This is what could happen today when Soderling steps out at Roland Garros to compete for the title of French open champion. Before the start of the tournament £1371 was traded at 1000 on Soderling. There is £1.3m riding on the outcome of this match at 1000’s.
I am all green on any winner on the final thanks in main to Nadal’s exit. Given the starting odds of Soderling it would be great if he won but spreading my profit …
Steaming Saturday
Well the weather wasn’t steaming but the markets were!
I guess with five cards going on it was always likely to throw up quite a few different opportunities. It felt like nearly every other race had some major activity going on. I’ll have a good look at it next week to see exactly what happened and report back. Gut feel is that there were lots of sharp movements and I definitely saw a lot of really big steamers. I grabbed …
Epsom
Got a good result on the first at Epsom, lets hope the rest of the day continues like this.
Looks like coverage is on the BBC, so if you want the fastest pictures possible tune into the BBC today and tomorrow. A good comparison for you if you want to judge fast pictures etc. The rain that is forecast is likely to see some strong moves develop in the market as the ground changes. Good luck!
Nine years old today!
It was nine years ago today that I placed my first wager on a betting exchanges. It wasn’t on Betfair funny enough, it was actually on Flutter. They were in business before Betfair but Betfair eventually ‘merged’ with flutter. Betfair arrived in time for the Oaks and turned over around £1700 if my memory serves me correctly.
My first wager was a £5 bet on whether the FTSE index was going to close up or down on the day. I …
Iffy start pt2
I mentioned the horse ‘Iffy’ on the blog some time ago when I was talking about using TV pictures. Despite getting to the start tonight, still didn’t start the race again.
Brown but not out
With the elections in the UK today I thought I would have a look at the political betting markets.
There doesn’t appear to be much going on to be honest, but I think the ‘leader change’ market could get very busy in the coming weeks. Worth keeping your eye on. I like reading the political betting blog which is always full of useful info. A few pounds to be made if you follow the pantomine that is UK politics at …
Britains got trading talent
I’m not really into trading on reality TV shows but the final of Britains got talent threw up a bundle of opportunities. Two key selections threw up some nice trading moves.
After an indifferent performance, the price on Aiden Davis shot out. In contrast the price on Diversity rocketed in after an electrifying performance. Typically I avoid these events but it seems the format of this show led to really nice trending markets and the moves were well telegraphed. It’s …
May
OK, I did these last two posts backward but I thought it was important to get the main points about June out before I reviewed May for you. Also, I took the kids to a theme park today so only had time early this morning to post a little.
May was a good month and went better than expected, in fact my third best ever month. I’m pleased because to beat last June is going to be tough so a …
June
With the first day of June upon us it brings with us two things: –
(1) The busiest month of the year
(2) Some time off!
The first is self explanatory. There is so much going on in June you really need to get stuck into your trading this month. There are so many opportunities on so many fronts that its one of the most important months of the year. I had a blinder last year so it’s a tough …
Nadal brings bonus
Well that was a surprise, Nadal crashed out of the french open today which opens up the competition dramatically. £1,159,628 was traded at 1.03 on Nadal, Ouch! In all when Nadal came back into the match and traded at 1.08 £9.4m out of £9.5m had backed Nadal. Low backers took a serious, serious thrashing today.
For me it was an unexpected bonus as I had dutched the field, excluding a number of players, with the intention of catching an unexpected …
Let your profits run
In the stock market they say, “Cut your losses and let your profits run”. In this video you can see us ensure we never lose money, but we keep our upside open to get the maximum potential profit. A fairly intuitive strategy.
Murray is 11% better than Starace
Just watching the 2nd round match at the French open. According to the market at the ‘off’ Murray was 11% better than Starace at winning a point on his serve. Currently Murray just lost the second set, but reading the match Murray appeared to lose hope of turning around the second set and effectively just gave it away, probably to conserve energy. With Murray serving first in the third set I may consider backing Murray subject to how the third …
Proposed tax on forex trades to raise $50bn aid?
Hmm, more like proposed tax ruins perfectly efficient market. Well fairly efficient, anyhow. Saw this in the Sunday papers over the weekend when I was at the gym.
I do wonder on the credentials of politicians, especially ones that tax everything that moves. Forex trading is a tempting market given the quoted turnover of $1 quadrillion ($1000 million). But the reason this market is so huge is because of the amount of speculation that takes place. I know John at …
Has this happened before?
Manic scenes on Monday at the last race at Leicester. Out of the original 14 runner field six horses never started the race. Not unusual for non-runners, but five of these horses made it to the start but never got into the stalls. As a result of the non applicable reduction factors Betfair SP returned 98%. Not such great news for layers!
I don’t have extensive records for this, but the records I do have go back about three years …
Last day relegation mayhem
I must admit to quite liking relegation markets. On top of my Southampton bet, I had a nibble at West Brom to be relegated, their escape look totally improbable. Today we have a whole multitude of opportunities.
Based upon past experience, backing or laying the field will throw up a bundle of opportunities as the afternoon progresses. You can see Newcastle and Middlesbrough perhaps getting something out of their games but Hull? If Hull hold on or even take the …
Good run
Just broken a nice winning run today.
Until the 15:35 today I had managed to get 47 winning races in a row, not my best this year but my best for a little while and a welcome relief from a month that has brought a lower strike rate than average.
Of course, your strike rate is directly related to your maximum likely winning run and losing run. Take more risks and your strike rate will fall, less and it will …
Outrageous risk – Part three
I have finally got round to the last part of this mini series of posts. Sorry for the delay but we have been busy working on some completely new tools for Bet Angel and that has drawn a lot of my attention. For my sins, I’m always the front line when it comes to testing. Thank fully the new stuff is all working well and we forward to bring you something, just a little bit different.
To reprise, as an …
Experiance matters
If there is one important thing I can suggest to you, it is to read. Having learnt the art of delegation in increasing frequency, I tend to read a lot. I should also give credit to my team who offer me such excellent support. It’s interesting what pops out of the woodwork now and again. I caught this article today about football managers: –
https://www.bbc.co.uk/blogs/simonaustin/2009/05/experience_matters_in_manageme.html
Seeing some of the stats caught my attention and a few phone calls later I …
Gentle Mulla
Not exactly an appropiate name for the moves seen on this horse. I was hoping for a good finish to the day and landed this wild ride instead. My P&L was all over the place but I managed to regain my composure for a £40 profit, but this was one manic end to the day!
Best trade ever?
I say this far too often, but there have been another two excellent candidates in the last week or so.
On Friday 8th at Aintree we had one of the clearest cut swing trading opportuntities I have ever seen, almost the perfect set up. Not only was it very likely to be a good swing trading opportunity, but for any savvy trader active on this race there were several clear markers laid down as to where you should get involved. …
Unlucky for some
A year ago this week one of my worst ever losses in one race came occurred on the 13th May. It hurt but I quickly put it behind me got on with things and forged ahead on the week with some nice results.
As I approached the same week this year, I thought, “What a great opportunity to beat last years total”. Rather bizarrely on the 13th May this year I pretty much did a repeat performance. Quite unbeleiveably bizarre! …
Sponsorship
Just a quick note to to let you know of two people who are running this weekend for charity. The first is the nephew of the late Will Johnson.
Will was a Bet Angel customer for some time and was the key to spotting the initial cross matching algorithm that Betfair implemented without warning. When Will dropped me a email, we were quickly able to compare notes see there was a significant change prompting me to escalate the issue to …
Outrageous risk – Part Two
To recap. Last Thursday we backed the favourite at a fixed time of the day and let our losses run without re-dress. Basically it was dumb, reckless swing trading with complete abandon. By doing this we were opening ourselves to potential losses that could be massive. Only at post time did we bother to close our position. Other than that, we let risk run to its fullest extent.
My question to you, is did we: –
(a) Make a bunch …
New ladder features
Just a quick post to introduce you to the new ladder features you may not be aware of yet. We uploaded this video which gives you a view of some of the key updates. Click here for the high quality version.
Betfair files case against Dutch Government
Betfair announced on Thursday that it has filed an action with the civil district court of The Hague against the Dutch government — alleging that the government has actively called for payment blocking on gambling Web sites.
Also launching a formal complaint to the European Commission, Betfair said its actions come after the Dutch Ministry of Justice reportedly issued a letter “urging Dutch banks not to process payments from any Dutch customers wishing to place a bet on any legal …
Horse trotting
Never thought I was see a group three race run at a trot but that’s what happened on the ‘feature’ race today. All three jockeys thought it was a good idea to hold up the horses, but it seemed neither knew that the other was going to do this. That turned the 1m5f ‘sprint’ into an equestrian event! The winner took 3m45s to cover the course distance, versus the standard time of only 2m52s.
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