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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Bet Angel version 1.38

Bet Angel version 1.38

We are pleased to release version 1.38 of Bet Angel Professional for Betfair. It contains a significant enhancement to Advanced Automation and also fulfills a couple of common customer requests.

You can download the latest version from  - http://www.betangel.com/download/

Betfair’s new API

Since our successful transition to the new Betfair API in November we have been keen to start adding new features. The new Betfair API allows you to make more calls to the API. The previous API capped data requests at 20 per

25/01/2015 | By | Reply More
Trading Relegation markets

Trading Relegation markets

I recently did a piece of relegation markets, concerning manager sackings which often occur at Christmas and new player arrivals / departures in the new year.

I have written a short piece for Betfair and a longer one for Racing Ahead magazine, but I think the video I did on You Tube is probably the best overall summary. You can view it here, or I have embedded it at the end of this video.

To supplement this video you may want …

24/01/2015 | By | Reply More
Not courtsiders this year, but pitchsiders

Not courtsiders this year, but pitchsiders

Last year we had a lot of fuss at the Australian open when a courtsider was arrested and it created a huge amount of publicity. But this year the focus seems to have turned to the Cricket.

http://www.theage.com.au/sport/cricket/tech-savvy-pitchsiders-in-game-of-hideandseek-with-anticorruption-officers-20150123-12wnl4.html

To put the story into context you should realise that in-play betting is illegal in Australia. This seems odd, but it’s a corruption led thing. You can sort of understand how spot fixing can cause authorities to jump with alarm at in-play …

23/01/2015 | By | Reply More
Bleak Mid winter?

Bleak Mid winter?

So here we are in the bleak mid-winter, but you perhaps may not know it but for one sport it always feels that way.

For racing, this is a time of year when things are a little quiet. It gets worse next month traditionally, but so far we haven’t lost that many meetings to the weather. So its an opportunity to analyse, prepare and research. Cheltenham is just around the corner so that’s always at the front of my mind.

It’s not …

22/01/2015 | By | Reply More
Sunday Soccer Stats

Sunday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Man City v Arsenal (Sun, 16:00)

This week’s Super Sunday clash sees Arsenal travel to reigning champions Man City. Both teams currently sit one place behind where they finished last term and neither will be happy if they end the campaign in their respective fifth and second spots.

Sergio Aguero’s name on …

17/01/2015 | By | Reply More
Swiss squeeze busts West Ham sponsor

Swiss squeeze busts West Ham sponsor

As I speculated yesterday, there was bound to be some companies that couldn’t absorb the losses from the decision by Swiss to suddenly free float their currency.

The first victim to come to the fore is Alpari, they posted a rather sombre statement on their web site: -

http://www.alpari.com/company-news/posts/2015/january/important-announcement/

The key part reads: -

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted …

16/01/2015 | By | Reply More
How to lose £30m in seconds

How to lose £30m in seconds

Over the last year I’ve been speaking to a lot of organisations, in sports and non sports markets, that hedge or don’t hedge their positions.

I think I can do a job for people who don’t hedge, but curiously, the general message that’s been coming back is that there is no need to hedge. Margin is lost by hedging and gained by decent management of positions. I think that the prevailing view, despite losing margin in the process, is that …

15/01/2015 | By | Reply More
The new kid on the block

The new kid on the block

It’s not often you get a new kid on the block but this week we have.

Well sort of new.  In April 2008 a new racecourse opened, the first completely new racecourse sine Taunton in 1927! It didn’t last long however and the following January it went into administration. It is now being re-incarnated as Chelmsford City and it’s first races are today.

Having another all weather course will probably help the industry, especially as this is in the south, …

11/01/2015 | By | Reply More
Saturday Soccer Stats

Saturday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Everton v Man City (Sat, 15:00)

Everton’s injury-time equaliser against West Ham in Tuesday’s FA Cup game provided some much-needed respite following four straight league defeats. Things don’t seem to be getting any easier for Everton though, with Champions Manchester City probably close to the bottom of Roberto Martinez’s list of sides

10/01/2015 | By | Reply More
Shocking moments

Shocking moments

The romance bit comes from a non league team coming up against a major club and beating them. But the evidence for regular giant killings is getting a little thin on the ground.

Last year we had Sheffield United getting all the way to the semi finals and of course in 2013 Wigan ensured the demise of Mancini’s tenure  at Man City by winning the Cup. But since the start of the Premier League no team from outside the it …

03/01/2015 | By | Reply More
2014

2014

Well that was an interesting year, It always is.

2014 vs 2013

From a broad perspective I’ve just repeated last year again. I’ve ended on almost exactly the same total as 2013 on a like for like market basis (Excluding one offs like the world cup), I’m slightly lower by a small percentage but that’s not bad considering I’ve cut back the amount of markets I’ve traded. This is a concious decision to add some balance back into my life.…

31/12/2014 | By | Reply More
Ghost of Christmas past

Ghost of Christmas past

One thing I’ve always been very good at is keeping records, I’d recommend it. You can look back and recall what you did previously and improve on it. Or just use it as a point of reference. I tend to archive a lot of trading records and make notes against them so I can remember how the markets traded, what I did and what I was thinking.

I was browsing my records from previous years this evening and came across …

30/12/2014 | By | Reply More
The day somebody with £1k caused a £600m error

The day somebody with £1k caused a £600m error

Three years ago today we were treated to a day of spectacular proportions. It seems to have slipped into the history books a bit so I thought I would reprise it for your enjoyment and delight.

On this this day at the Christmas hurdle at Leopardstown something went very, very wrong. Voler La Vedette ran home to take that race, but for most of the race £21m was available to back at good odds. Nobody it seemed was able to take all …

28/12/2014 | By | Reply More
Boxing day

Boxing day

So we are at Christmas and the sports schedule in the UK thinned out into the run up to Christmas day. Everything, apart from your wallet probably, took a break. Now it’s back with a bang on Boxing day.

Last year, even with two meetings abandoned there were still a total of 11 race meetings in the UK and Ireland and a total of 720 runners over 72 races! This year we face a total of 79 races, 24 of which will certainly clash.…

25/12/2014 | By | Reply More
Regulator gets tough on Spoofing

Regulator gets tough on Spoofing

It would be nice if this were a statement related to Betfair, but hey, such is life.

This actually is a statement from regulators in financial markets. Spoofing there is consider a form of market manipulation and therefore is illegal. The deal in financial markets is if you manipulate a market to profit it’s wrong. The rationale behind this is that you are tricking people out of their money. This doesn’t add any value to the market and is a net …

22/12/2014 | By | Reply More
Saturday Soccer Stats

Saturday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Roma v AC Milan (Sat, 19:45)

Roma keep grinding out results to keep the pressure on Juventus at the top of Serie A, with a 1-0 success at in-form Genoa their latest success. Milan, also, come into this came on the up after a 2-0 win over Napoli, which has brought them …

20/12/2014 | By | Reply More
Time to book your Betfair holiday

Time to book your Betfair holiday

For the larger commission payers amongst you, this is a reminder to make sure you examine whether its worth booking your Betfair holiday before Sunday for the next week or two

When you generate commission you get credited with Betfair points. The more points you have the lower commission you pay. But each week Betfair decay a big chunk of your points which you would then top up with more activity.

Next week is a short week, especially if you are …

19/12/2014 | By | Reply More
Betfair Australia to focus on exchange business

Betfair Australia to focus on exchange business

Many thanks to posted on this thread on the forum for pointing out the news that is coming from Australia.

Basically Betfair sold their operations to Crown and Crown has done a deal to split off the Sportsbook business to BetEasy and retain the Exchange as a brand in its own right and to allow that to gain it’s own focus. It’s a complete volta-face from the situation in the Uk and is worth watching. You couldn’t have two more diverse …

17/12/2014 | By | Reply More
Carling cup quarter-finals

Carling cup quarter-finals

I put this video up on You Tube yesterday and thought it was worth documenting on the blog as well for people that haven’t seen it. But basically there are a couple of nice set-ups in the quarter finals.

16/12/2014 | By | Reply More
Sunday Soccer Stats

Sunday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Man Utd v Liverpool (Sun, 13:30)

Man Utd are up to third after a five-game winning streak while Liverpool’s season continues to fall apart after another poor European display in midweek. Despite United’s recent resurgence, however, they’ve been far from impressive as both Southampton and Arsenal outplayed them and without Angel Di …

14/12/2014 | By | Reply More
Is NBA the new WTA?

Is NBA the new WTA?

During my recent travels in the US I sat down at a bar one evening and watched some Basketball. It was an entertaining experience. Fellow bar attendees proffered their opinion and curiosity overwhelmed me, so I reached into my pocket fired up the Betfair app and had a look at the market.

Here is something you may not know.  You CAN’T actually log in and place a bet from the US, but you CAN actively look up a market and their odds. …

13/12/2014 | By | Reply More
Incentive to score

Incentive to score

Incentive to score is a key element of a football match.

This can be present in any football match, but is typically dominant in knockout tournament or where a particular result is required. So it could also apply to matches where a result is needed be to avoid relegation, to reach fourth spot in the league or qualify for the next round of a tournament or something similar.

Some teams will have a big incentive to score, others to not …

10/12/2014 | By | Reply More
How Betfair’s new API is an opportunity

How Betfair’s new API is an opportunity

Nobody seems to like change, but I’ve learnt over many years that change tends to bring opportunity along with it. Change is a fact of life and therefore opportunity is too!

API NG

Just over a year ago Betfair announced the cut off date for API 6 and the switch over took place in early November this year. When Bet Angel was first developed there wasn’t even an API, the fact the old API was called API 6 tells you …

10/12/2014 | By | Reply More
Saturday Soccer Stats

Saturday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Bayern v Bayer Leverkusen (Sat, 17:30)

Bayern have conceded just one goal in their last 11 games and have won four of their last five home matches by at least four clear goals, so Leverkusen are facing an uphill battle as they head to the Allianz Arena.

However, Leverkusen have put up

06/12/2014 | By | Reply More
Kaizen

Kaizen

Many years ago I was in a meeting when this concept was introduced to me. Kaizen, it’s Japanese for ‘Good change’.

I didn’t enjoy working for the MD of this particular company. He has just replaced somebody I respected and he immediately promoted somebody over me who really wasn’t very well suited to the role and was inexperienced. It wasn’t the fact he did this that annoyed me, it was the fact he didn’t talk to me about it …

02/12/2014 | By | Reply More
Saturday Soccer Stats

Saturday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Southampton v Man City (Sun, 13:30)

Southampton have confounded the critics this season to sit a scarcely believable second after 12 games. Man City, in contrast, have largely disappointed their fans in their attempts to defend the title. However, they kept their Champions League hopes alive in midweek and will now be …

29/11/2014 | By | Reply More
Hennessy Gold Cup – One of my favourite races

Hennessy Gold Cup – One of my favourite races

I have fond memories of the Hennessy Gold Cup. I’ve traditionally done well at this race and its the race I traded live at the IX Investor show for Betfair in 2006.

Seeing a betting company at an financial investment show was a shock for many people and lots couldn’t understand why we were there, so we had real trouble getting people to come near the stand.

This was when I rolled up my sleeves and traded live for everybody. A slightly …

28/11/2014 | By | Reply More
Get rich slowly…..

Get rich slowly…..

I woke up to another negative gambling story the other morning: -

Fraudster swindled nearly £2million from his in-laws and friends in Ponzi-style sports betting scheme to fund his gambling addiction

I’ve almost given up trying to champion the more positive aspects of what I’ve  and others achieved over the last 14 years. Because everytime I try, something like this gets thrown into the ring. I seem to be commenting far too frequently on these sorts of things, but it’s frustrating: -…

27/11/2014 | By | Reply More
Saturday Soccer Stats

Saturday Soccer Stats

These stats are brought to your by our friends over at Football Form Labs. Check out their site and the powerful software that sits behind these comments

PREVIEW: Arsenal v Man Utd (Sat, 17:30)

The past few years have seen Arsenal fail to perform against the best teams in the league time and again, and their record against Man Utd is no exception. Arsene Wenger’s men have won just one of their last 14 games in all competitions against the …

22/11/2014 | By | Reply More
Trading Schadenfreude

Trading Schadenfreude

Once a year we are treated to the bug ridden spectacle that is ‘I’m a celebrity get me out of here’ or IACGMOOH for short!

I used to be a bit of a sceptical whether you could reliably trade reality TV shows but slowly and surely I’ve come to learn that they actually make good trading fodder. Typically, reality TV shows are very volatile. We have already seen this on the show this year with Gemma Collins freaked out by …

21/11/2014 | By | Reply More
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