Category: Using Bet Angel

Being contrary

Have a look at the following chart from the 14:15 at Lingfield on Saturday. This is a very big steamer. Of course in hindsight you would say, ‘If I backed it at X and laid it at Y I would have made £Z’. Most people would look at this chart and back it high and lay it low. After all backing at 3 and laying at 2 would net you a 100% profit on your stake and fully greened up

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03/02/2009 | By Peter Webb More

Foggy trading

I had to laugh earlier this week. The weather was terrible here and very foggy, but it looked great at Newcastle. Later the fog encroached and produced probably the biggest margin ever for in-running punters. I captured the following image as the winner came into view and was announced. Curiously enough even the commentator didn’t see it cross the line and simply shouted it’s name when it was in view. Any quick fingers had the opportunity to bag the winner

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30/01/2009 | By Peter Webb More

The draw

I was going to post about Liverpool vs Everton but never got the chance to do so. So here is a reverse appraisal. As most people know a local derby is always a tight affair and perhaps a match you would expect to end in a draw, as neither team want to lose.

Unlike a lot of myths this is actually generally true. I did some research a fair time ago and realised that there was a link between distance …

30/01/2009 | By Peter Webb More

Why do Man U get more penalties?

Celtic 11 – Dundee United 10.

Odd scoreline but this was actually just the penalty shootout. You can view all 14 minutes of it here. I was watching some tepid premier league match in comparison testing a couple of strategies. It got me thinking about what is the biggest shoot out. According to the article here it seems to be 16-17 with all but the last penalty scored. It’s quite amusing seeing goalkeepers take penalties but, by accident or …

29/01/2009 | By Peter Webb More

Daft isn’t it

In one of my recent posts I gave you the horror of the worst start to the day I had in six months. Oddly enough, this week has been a breeze so far.

I just made a mistake and blew a race at Towcester to register an £8 loss. In contrast to that bad run, this was my first loss in 48 races! While I can predict and model a number of things in a range of markets, one of …

29/01/2009 | By Peter Webb More

When not to cut a loss using full market depth

Of course it makes sense to minimise a loss when things go wrong but sometimes not cutting a loss is actually a very viable alternative. However, you can only attempt this if you have plenty of information to hand and full market depth.

High resolution MP4 video available by clicking here

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27/01/2009 | By Peter Webb More

Back behind the desk

Rather bizarrely it seems the industry that deals with bereavement takes the weekend off. So it was a rather odd situation that occured after the events of last week. I found myself at the weekend pretty much with little to do.

With that in mind I settled down to get stuck into what looked like a decent card on Saturday. I succesfully got off to ther worst start I have had for six months! After such a rotten start I …

26/01/2009 | By Peter Webb More

Cheltenham volume

Just traded the 13:30 at Cheltenham and I have to say it had some of the worst volume for a Cheltenham race I have ever seen on Betfair. Hopefully it will improve during the day but the total was worse than some of the poorer quality fare I have seen and nothing near what it should be for a quality race. Not sure what to interpret on that count.

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24/01/2009 | By Peter Webb More

EH Webb 1935 – 2009

Sad news, my father died at 17:38 last night after a year of deteriorating health. We were very fortunate that he had not suffered any major illnesses during his life, that he awoke recently to say goodbye and died peacefully.

It was my father that inadvertantly shaped by career. When I was young he gave me a football pools coupon to fill out. I quickly became driven to solve the problem of what makes a draw in a football match. …

24/01/2009 | By Peter Webb More

Million dollar traders

Watched the second part in this series and I’m still not sure what these guys have been taught but it’s not the sort of trading room I know.

I started messing around with the stock market in the mid eighties and eventually set off properly in the 90’s. By then the Internet was picking up speed and I remember using Compuserve to place an order via Etrade! Things have moved on a lot since then and ECN’s and a proliferation …

22/01/2009 | By Peter Webb | Reply More

Radcliffe risking it

Well I wish her luck, but having been a long distance runner in my days I wouldn’t be tempted to run a marathon when injured and ill prepared. That said, I never got to have a go at the Olympics so that may have swayed things!

I guess its a function of Radcliffe knowing this could be her last chance at an Olympic medal. There is no knowing if she would be in contention in 2012 but there should be …

15/09/2008 | By Peter Webb More

Three Club Monte

Three Club Monte is a golf format that requires the players to pick just three clubs to use during their round. This makes for an interesting game but I do worry when I hear commentators suggesting traders play three club monte in the market! Playing three club monte isn’t a problem if you are playing on a level playing field. But if you play this against somebody with a full bag of clubs your competitor will thrash you, at best,

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31/07/2008 | By Peter Webb More

Clash city..

I’m not referring to the 80’s pop group more the incredible balls up at the start of this evening’s racing. Three UK races, two Irish, somehow four of them all conspired to go off at the same time for various reasons, what a mess! The fifth only failed to join them by 2 mins. OK, I know I may be biased in wanting nice gaps between races but what a mess. Remarkable that it could happen at all.

By …

24/07/2008 | By Peter Webb More

Financial spreads vs. Betfair

As you know I spend quite a bit of time nosing around the financial markets. If you have never touched financial markets it’s worth having a look at some point.

Each morning I spend a lot of time browsing company reports and reading up on companies, industries and all manner of things. Today I was looking at IG index and the spread betting industry. IG are an interesting company and one I have held shares in twice. The report makes

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22/07/2008 | By Peter Webb More

The wedding speech and Jim McGrath

When I got married, quite a few years ago now, I struggled to find inspiration and eventually found it from the comedy series Blackadder. The peak of my speech was the rather corny, ‘Life without you is like a broken pencil’, long pause ensues…..’Pointless’. I also remember my embarresment years later when I encouraged the children to enjoy this particular type of black comedy. One episode ends with the immotal line, ‘Duck that rhymes with F’ at which …

21/07/2008 | By Peter Webb More

Oaks Double

I always remember when the Epson Oaks is, as it coincides with Betfair’s birthday. It also coincides with my Betfair birthday, I joined them almost as soon as their doors opened way back in June 2000. Over the years I’ve slowly got better at getting something out of the Oaks but this year I went one better and did the double. I’ll often trade overseas races if the market is strong enough. I’ve even bothered to get up in the

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18/07/2008 | By Peter Webb More

Recession proof?

More evidence today that people do cut their spending on gambling during recessions. Of course Betfair is still growing in and outside of the UK gaining market share at the expense of rivals. This should dampen the decline IMHO but there is no doubt that people do cut back on gambling. This probably shouldn’t be a surprise as it is a “leisure” activity.

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Gaming revenues in Nevada continued to slump throughout the month of May, according to data released …