Author Archive: Peter Webb

Loved sports and statistics all my life and eventually found a way to make a living from it.

On this blog I chat about my experiance in the market and my opinions.

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Will Leicester really stuff the bookies?

Will Leicester really stuff the bookies?

Lot’s of PR, sorry, I mean talk, from the bookies recently about how much they will pay out if Leicester win the title. But is that a reality?

My worst bet ever!

Here is a confession – I will lose money if, when, Leicester win the title. But I have to say it will be one of the most enjoyable losses of my career! Why, because it’s great to see a competitive season in the premiership. As a supporter of

28/04/2016 | By | Reply More
Good Luck to all runners today

Good Luck to all runners today

If you are running the London marathon today then, I’m jealous! But I’d like to wish you the best of luck and hope you have a really good run.

If I can stay injury free for a few years I may try once more, but I’m getting old and decrepit; so it gets less likely each year. Nothing’s impossible though as I could always enter the wheelchair race! I was a good 1/2 marathon runner, but couldn’t transfer that form to the

24/04/2016 | By | Reply More
Betfair exchange advertising

Betfair exchange advertising

Great news, Betfair are going to start pushing the exchange again. I can’t remember the last time I saw an exchange advert so it was a delight to discover they are going to give it a push this weekend!

Here is one of the adverts posted on their You Tube channel: –

22/04/2016 | By | 1 Reply More
How evening racing is different

How evening racing is different

We have now started the evening racing in earnest and it won’t stop till the end of August. So you have four months to make hay while the sun shines, not forgetting we are in the England, so it won’t shine much.

However, there are at least four different states that you see in racing during this period.

(1) Afternoon racing

This tends to me higher quality than the evening racing and will therefore trade differently.

(2) Evening racing

There is

20/04/2016 | By | Reply More
An intriguing prospect

An intriguing prospect

It wasn’t a surprise to see Newbury abandoned yesterday or today. When I went out on my mountain bike it was tough going and getting worse. I immediately felt the meeting was under threat.

It was a surprise however to see the meeting shifted to Chelmsford City! The meeting and the course seem incompatible, but I suppose racing has saved a meeting. I usually find Newbury quite nice to trade and Chelmsford horrible. Chelmsford markets are the most erratic on

16/04/2016 | By | Reply More
A day at the races

A day at the races

After many years sat behind the screen. I’ve been making a conscious effort recently, to actually get out and enjoy some of the hard earned. But also I’ve been keen to experience first hand some of the sporting venues I’ve traded.

This was another year when I declined an invite to the Cheltenham Festival, but I made up for it yesterday by attending the racing there. Judging by the weather I picked the right day! I was quite keen to see

14/04/2016 | By | 1 Reply More
Craven meeting

Craven meeting

We have just started the Craven meeting at Newmarket. With deference to the TV presenter, it’s not named after him but instead an early supporter of Racing at Newmarket. Yesterday we had the Nell Gwyn an interesting character.

How the Craven trades

I prefer to know whether I’m in a good market or a poor one. But the Craven meeting at Newmarket often sits right in-between that. I know there’s quality there, but in terms of liquidity it often

13/04/2016 | By | Reply More
When it’s good to see Red

When it’s good to see Red

European clay court Tennis, Racing at Newmarket, the Grand National behind us; spring is definitely here!

We are now on the cusp of a lot of major sporting action. The Monte Carlo Masters Tennis is a signal to start dusting down things for the French Open. The European clay court season is upon us and it presents us with some decent opportunities. In past years the clay season has all been about the dominance of Rafael Nadal. But times are changing

12/04/2016 | By | Reply More
Aintree Grand National and fallers

Aintree Grand National and fallers

If there is one thing Aintree is known for it is spectacular fallers. In 2011 British racing yielded to public opinion and changed the fences at Aintree. The idea was to stop more fallers and serious injuries to horses. Did that happen? Will it happen? What the key factors behind a faller in a race?

Source data

To answer all the questions I took a look at half a million horses that raced around the various jumps races over the last

09/04/2016 | By | Reply More
US Masters – Trading Golf markets

US Masters – Trading Golf markets

I like the US Masters, mainly because it’s the only major played on the same course each year. This means you can collect a ton of stats on how the course plays. This gives me a good guide as to when to trade in and out of a position. You can do this on most courses, but because the Masters is at the same location every year it is much more predictable.

If you are a golf player, when

06/04/2016 | By | Reply More
The Flat is back

The Flat is back

Today marks the traditional return of the flat turf season. So that means the end of the footy season is near, the Grand National is right upon us and the first Golf Major of the year is also here. Time to really start building up your activity!

The Lincoln has been going since 1859 and this complex handicap is traditional launcher for flat turf racing. There have been some two-year-olds out already, so the flat season has started but this …

02/04/2016 | By | Reply More
Made in Meydan

Made in Meydan

Today sees the worlds richest horse race take place at Meydan, the Dubai world cup.

Over the years I’ve moved from dabbling in the Meydan markets to doing them seriously. They often make for a useful addition on a dull winters day in the UK. Therefore I’d recommend a dabble in these markets if the volume is holding up and there is no clashing with other races. The world cup stands out on it’s own as a race later in the day, so

26/03/2016 | By | Reply More
Always be a contrarian

Always be a contrarian

I chortled with much merriment yesterday when I saw the story about how people were saying the lottery was ‘fixed’.

Twitter filled up with disgust that five numbers on the draw yesterday netted the life changing sum of just £15. But as per normal, people blamed their own issues on somebody else. Because things didn’t work out the way they wanted, it must be somebody else’s fault. It couldn’t possibly be down to them.

Flawed thinking

The fact is that people

25/03/2016 | By | Reply More
William Hill issue profit warning

William Hill issue profit warning

Further to my recent post, William Hill have issued a profit warning this morning. Other gambling related stocks have fallen in response.

You can read the full warning here: –

http://www.investegate.co.uk/william-hill-plc/wmh/trading-update/201603230700099669S

In a nutshell: –

  • Time-outs and self exclusions are up
  • Gross win margin is down due to European football results and also the worst Cheltenham results in recent history.

The numbers & valuation

Profits for the year are forecast to fall by up to £30m. However they would still

23/03/2016 | By | Reply More
Finding a front runner – Exclusive offer & free trial

Finding a front runner – Exclusive offer & free trial

Click here to take up an exclusive free seven day trial of Pacecards

Trading in-running

One excellent strategy you can use on betting exchanges, is backing or laying before the off and trading out in-play. Many Bet Angel customers do this or a variation of this, , as part of a profitable activity in the market.

In-running tools

Bet Angel is great for this as you can do it manually or automatically using the automation. On the manual front we have the

16/03/2016 | By | Reply More
Let’s stop exchanges going the same way as the Jitney

Let’s stop exchanges going the same way as the Jitney

I’ve just been watching a TED talk and the story about the Jitney bus. It follows on with other peer to peer talks. Watch it here: –

http://www.ted.com

It’s similar to a story I told about horseless carriages to an MP a few years ago. People tend to see innovations as a threat and not an opportunity. That is until such time as more liberal regime pops up and destroys them! Establised systems need not worry about cannibalising their own

14/03/2016 | By | Reply More
Trading Cheltenham

Trading Cheltenham

There is plenty to help you and get stuck into this Cheltenham if you are a Bet Angel user. Not only do you have a vast range of tools available but also the biggest set of videos you can image, a busy forum to chat to other traders and if you are looking to trading automatically a library of examples.Plenty to get stuck into on one of the biggest trading weeks of the year.

There is plenty to get stuck

12/03/2016 | By | Reply More
Using Bet Angel – Walkthrough videos

Using Bet Angel – Walkthrough videos

I’ve had quite a few requests for, a simple to view, list of videos on getting started with Bet Angel. So this week I’ve uploaded an entirely new play list for – getting started, the one click screen and the ladder interface.

These videos are not my normal videos, but instead they are shorter and designed so that newbies have a clear path to follow for getting started in trading in simple steps. This should get your trading faster than

11/03/2016 | By | Reply More
Preparing for Cheltenham

Preparing for Cheltenham

We are so close to Cheltenham that I’m now in that final, ‘Have I done everything I can to prepare’ mode.

Cheltenham pretty much makes or breaks March for me. A good meeting and it’s a good March a bad one and it’s a struggle to make the numbers.

Each year I go through the same sort of preparation for big weeks and in this video I explain that process and my thoughts on the run up to a big

09/03/2016 | By | Reply More
How bookmakers work

How bookmakers work

Bookies limiting customers has been around for some time. This was a situation I first experienced in the early 90’s, over 25 years ago. Not much has changed since then it seems. If anything, the bookies are much sharper now.

If you want a view on how they do this, read this blog post series that I posted up a little while ago. It gives you the story from very inside of a bookmakers.

My story

The story of how I was limited …

06/03/2016 | By | Reply More
When Saturday comes…

When Saturday comes…

When I first started sports trading I treated it like a 9-5 job.

I did all the usual things you would in a normal job and returned to my out of work activities after the day was over. Fairly quickly I realised that this wasn’t going to work. All the best opportunities tend to occur outside of ‘normal’ hours and therefore I had to shift my working patterns.

Shifting my workload

At first this was a little tricky, I started doing the

05/03/2016 | By | Reply More
Testing times – Profit from them!

Testing times – Profit from them!

Trading on Formula One racing may seem unusual, starting to trade even before the season has even started even more unusual; but it can often present some really good opportunities.

At the start of each year after a winter break, I watch preparations for the new Formula 1 season with interest. The various teams are testing new cars and configurations and it generally leads to a mixed bunch of results. But typically that’s what testing is all about. It’s at this

28/02/2016 | By | Reply More
Discounted opinion in sports trading

Discounted opinion in sports trading

Here is a little-discussed aspect of trading, discounted opinion. First let’s explore what it is?

Discounted opinion pre off

When a market is formed everybody has had a prod a what the odds should be. In some markets, this is obvious; in others less so. But generally, a convergence appears. Unless there is any significant change, that’s the way the market stays until the event starts.

Discounted opinion in-play

When the market gets underway, an opinion forms and the odds shift

27/02/2016 | By | Reply More
William Hill living in the stone age

William Hill living in the stone age

It was with some amusement that I read that William Hill were complaining that the merger between Ladbrokes and Coral was anti competitive.

The main thrust of their argument was that a merger between the two was blocked in 1998 and that: –

“It is important to recognise that the structure of the market has changed relatively little since 1998,” William Hill said, adding that there were 8,983 betting shops in Britain then, compared with 8,958 last year.”

I’m guessing that

22/02/2016 | By | Reply More
My best trade ever (so far)

My best trade ever (so far)

Preamble

Here is a story that you should gain something from.

I spent last week in Florida at Disney world. This is linked to some meetings I did before I headed there. I was running around London with  a hedge fund manager.

The reason we know each other and that so much has happened between us; is all down to few moments in a bookstore in Texas. In fact I wouldn’t have joined Betfair if I had gone through this meandering journey through gambling, then

21/02/2016 | By | Reply More
Trade, text and tweet from 20,000 feet

Trade, text and tweet from 20,000 feet

So, I decided to head out of the country for half term week. It’s a good time of year to do that and relatively speaking, a low opportunity cost for me.

It’s amazing how technology has changed since I started trading on Betfair. The first time I had to head oversea’s it was pretty much impossible to get a decent internet connection, Skype didn’t exist as a widespread platform and trading oversea’s was pretty much unthinkable.

To certain extent, trading

20/02/2016 | By | Reply More
Echo’s of 77

Echo’s of 77

Leicesters heroics this season echo me back to a period in English football when the impossible happened. The 1977/78 season.

https://en.wikipedia.org/wiki/1977%E2%80%9378_Football_League

Liverpool were the dominant team and had been for some time. Then out of nowhere popped Brian Clough and Nottingham Forest to storm to the title.

Of course back then things were a bit different and teams didn’t have £1bn to spend on a squad. So success now would be even more remarkable.

More remarkable about that period was …

14/02/2016 | By | Reply More
My trading journey

My trading journey

February can be a bit quiet and with a lack of high profile events in some key markets can be a bit depressing. So how about some inspiration for you?

I grew up in the middle of nowhere into a family of not much. I didn’t arrive in the world with massively high expectations lets say. I left school with not much of a leg up into the world, as my favourite subject was playing sport, so I couldn’t hang

13/02/2016 | By | 1 Reply More
Poll straw – Trump trumped

Poll straw – Trump trumped

An interesting set of results came in from the US caucuses last night. But it highlighted again that people don’t tell the truth to pollsters. I think I can explain.

Everybody hates an outsider

Nobody likes to be an outsider, apart from me it seems. But being an outsider is where some of the best decisions can be made. However it takes a great deal of strength to be different. So when a pollster phones you or harrases you in

02/02/2016 | By | Reply More
Free Tennis trading guide worth £19.99

Free Tennis trading guide worth £19.99

Interested in Tennis trading? With the Australian open upon us, why not combine some knowledge with the best Tennis trading software around!

The offer

Order a copy of Bet Angel Professional (excluding one day access) and get a copy of Dan Weston’s – ‘Mastering Tennis trading’ completely free of charge. Click here for an overview of the book, we are giving away the full version!

Read about how to trade Tennis in Dan’s book and then execute your strategy using

30/01/2016 | By | Reply More
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