Tag: trading
Free morning workshop
This summer we have been holding a series of morning workshops, we are currently conducting another one this morning. These have been aimed to improve your ability to use Bet Angel and your participation in the markets. Because of the small class sizes we do have a waiting list, but if you are interested in attending future courses, please register your interest now.
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Look, no hands…
One upshot of Betfair’s recently decision to increase their rake from more successful users like myself is that I have revisited my love of interacting on the exchanges with spreadsheets.
I have taken some time out from ‘normal’ trading to work on spreadsheets a bit more. This is to see if I can create something that works fully automatically for me where the payoff will now be particularly high as it takes none of my time to execute. When something …
It’s all kicking off!
Yes the premier league is back. Twenty teams, OK maybe four, well maybe three battle it out for the greatest honour in football…. Who will sack their manager first!
As I have mentioned in previous posts the market tends to inefficient at the start of the season. I looked back over the two months at the start of last season to see what happened last year.
The first thing to note is that the market got the number of goals …
Kick off
The English football season kicked off in earnest last night with Blackpool nudging a 1-0 win against Hull. Today league football gets underway properly and the hopes and aspirations of many will re-ignite across the nation. How appropriate that the financial markets are crashing under the weight of false hopes and huge amounts of debt just as the football season starts up! If you are looking for excess then there is plenty to find on and off the football field, …
Getting better at Golf
In real life and on the markets!
Out with my son again this morning who got his first par today and I managed to get round the whole nine holes on par. Haven’t done that for a few years, one birdie, one bogey. I’m also getting better at understanding the golf markets. It’s taken a few years but I am finally getting under the skin on the markets. It’s proved pretty interesting and it’s also been a bit of a …
Another new strategy
Sat the in bath the other night pondering a number of things. Of all the things I do, looking for new things and trying to solve the puzzles that any market throws at me is the thing I find most interesting.
I came up with a way off thought based upon what I had seen from recent market data. Basically that the market has been tightening and less money than ever is lost to one side of the book or …
Good approach
Looks like it will be the last day before the glorious weather breaks in the UK so went out to play some Golf with my son this morning.
A good approach on the seventh left me in the middle of the green but with a tricky put for an birdie. Almost the perfect put, but the ball stopped just short of falling in the cup. No amount of stomping on the green would make it fall in, so I had …
Make hay while the sun shines
You may remember this post from last year: -
http://www.betangel.com/blog_wp/2010/08/16/working-holiday/
With regard to the title, never has there been a more apt phrase for sports traders.
In the Summer there is wall to wall sport and opportunties appear at will. In the winter you are digging around for every penny, but pon top of that you also don’t know what the future will bring. So making the most of it while available is always a sensible move, I hope my …
Gooder Goodwood
My old English tutor would have a heart attack with that title!
Had my best day of the week yesterday and should be headed for a great festival overall. The day didn’t start very well with a delayed start and then I got my bottom spanked at Nottingham when I failed to address an alarming drift on the horse I was trading. But from there in things just got better and better. I managed to pull in some really good …
Betfair International Stakes
Couldn’t resist posting up this P&L on this race from yesterday. OK I got more on Betfair, a bit, but nowhere near the same when if deduct a 60% commission.
You should always do what is best for you, especially in a trading market, but look at my circumstances. It’s a strange feeling to only be able to earn 40% what others can earn by doing exactly the same thing. I can teach people how to do similar things and …
Betfair – Cross matching
Cross matching has slowly been implemented across many sports markets on Betfair and earlier this year on the big one, horse racing.
There are still some odd things with cross matching. Prices for the API and for the Betfair web site are different. This is because cross matching is not exposed via the API. We put the cross matching algorithm into Bet Angel, but quite a large number of API applications still show the ‘wrong’ prices. Betfair also never tell …
60% Premium charge
On the first day of trading on 22nd October 2010 Betfair shares closed at 1550p. At the time of writing this post the shares are trading at 627p or down nearly 60% from that closing high. How ironic!
I don’t want to feed that hand that bites me, to reverse the common metaphor. So, for me at least, action speak louder than words. Whether volume decreases or increases on the Betfair exchange, why will be the most pressing question. Volume …
Open golf – Best trades
For a full list and other lists, visit the forum.
The Open has been brilliant so far. The highlight today was the hole in one by Tom Watson, amazing. When my shoulder is better I’m getting out there again to reduce my handicap. It’s inspiring to see a 61 year old holding his own against the worlds top golfers.
This is the last list now as we turn our attention to specific golfers for the remaining two days. The …
Big moves
I thought the first day of the Open Golf at Sandwich would be interesting and that’s exactly how it has proved. For a full list of movers visit the thread on the forum.
Golf has really grown on me as a trading sport and the small gap between the leader-board and oblivion creates some fantastic opportunities. With a £10 stake this is what you could have greened up for on the top movers at the end of day one. …
Repeating patterns
Sometimes the markets surprise me, but more often than not they don’t. After 11 years of doing this, even the surprises don’t seem surprising any more. But yesterday I got a surprise.
Yesterday, last year, I traded a race at Catterick and got a really cracking result from it. A year later at the same course, on the same day and on the exact same race I got the same result. You would think it impossible that such a thing …
Grass is for cows
Wimbledon is the only grand slam on grass, but it wasn’t always that way. Two other tournaments were played on grass on the grand slam circuit. The US Open, was played on grass until 1974, and the Australian Open, was played on grass until 1988.
Very few players would not admit that a win at Wimbledon would be a career defining moment. But it’s not through trying that players fail; it’s generally down to how each surface plays. Research by …
Final day of a busy week
Well done to Rory McIlroy who continued to rip through the US Open. Unfortunately this scuppered my trade which needs a competitive field to work. At 1.40ish this leaves only one possible strategy, to back or lay McIlroy. I reckon most people will lay McIlroy given his blow up in the US Masters. It’s a clear fact however, that the error most people make is to take past trends and extrapolate them into the future. Rather than go on gut …
Royal Ascot / Open Golf Thursday
Another good day in the bag for Royal Ascot, but I left it late today. I didn’t get a real blockbuster race till near the end of the card. I had to work much harder than yesterday and I took my foot of Betdaq, as working harder meant I couldn’t keep focus on two exchanges effectively. I did broaden my activity out on Betdaq though to other races and they worked well. So after Ascot I’m going to continue my …
Royal Ascot day one
An intriguing day one at Ascot. After all, what colour hat will the Queen be wearing. LOL!
I’ll be all guns on the first day to work out what feel the market brings this year. I’ve paid a lot of attention to Ascot over the years and each year we see the market shift subtly in one direction or the other. I didn’t do a very good job of it last year, comparatively speaking, so I’ll want to put in …
Morning workshop
Bet Angel has a ton of different functions in it. To help Bet Angel users get the most from our product. We have decided to start running some morning workshop sessions. We are doing them in the morning on quieter days when there is the least impact on the trading day and also to give you time to return to your own desks.
If you are interested in attending, you can get more information by clicking here.…
The big backer
If you are active on the markets, then I am sure you may have seen this character around. If not then they appear fairly regularly recently, either trying to get filled at a certain price or just deliberately trying to stop the price from moving. I think it’s an odd strategy, as dipping in and around the markets is like playing poker. You don’t want to show your hand!
When somebody shows their hand like this then it’s an …
Match of the season
A tantalising match this afternoon between Man Utd and Chelsea and the market is being cautious by pricing up Man Utd at 2.34 for the win. I would have priced Chelsea near 4.00 for a win here, but with so much at stake; its probably right for the price to be a bit shorter. The market is priced for 2.50 goals with 1.30 going to Man Utd.
Home advantage is historically 0.40 goals so if you take that out, the …
Busy day
Looking forward to a busy day today.
Promotion and relegation battles will be settled on the football pitches today, that always throws up opportunities. There is nothing like career death to focus the mind of a highly paid footballer. I’m looking for an outside chance today. I’ll probably spread around my options to even things out. Did you know that Bet Angel can monitor and fire in bets across multiple markets almost simultaneously? This is ideal for football where matches …
Royal wedding tip
Fontwell 17:30, Current favourite to shorten even further? Why? The favourite is called ‘Royal Wedding’.
My youngest daughter is fastinated by the spectacle, my son said ‘What wedding?’. Have a great day William and Kate!
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The national – Part three
And so ends the national series for this year, a decent result on the The Grand national, the Scottish national and the Irish national. Outside of the Irish national there was little of interest for me today, I didn’t like the card and I was proved right, it was a mess. I really should stop doing days that I know I wont enjoy, it makes little material difference to me and to enjoy a day out on a boat …
Fair weather
Well what a start to spring we have had in the UK! It’s more like the summer at the moment, not that this will impress people in warming climates, but it’s a welcome period after a very cold winter. Having flown away to warmer places in February, it’s been a good start to the year. No seasonal disorder for me this year!
The racing markets have been better in April as well, so the weather on that front is improving. …
Losing it!
A good example of key turning point in a Tennis match recently. Whether you consider the distraction a key point or the reaction to it, It dug under the mood and psyche of the player and triggered off a bad run in the match. Sometimes not all turning points are based on stats or interpretation of them. However, they do help frame your potential risk and reward and that’s why we created Tennis Trader.
http://sports.yahoo.com/tennis/
You can’t take account …
Schwing
A really good day for swing traders and a generally good day to boot. Plenty of races, plenty of opportunties whatever your style; but the thing that stood out today were some big swings. Hope you had a good one.
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I predict another draw
A cursory glance at the Italian football today reveals two matches were the matched bet volume is 5-6 times greater than normal and draw odds much shorter than expected. I have posted the two matches in question on the forum. I backed Brescia to win against Bologna on Saturday after picking up on activity on that match. Brescia were 2-0 up inside ten minutes, so I traded out at very short odds.
It prompted me to see what happened …
Clean sweep
A very pleasing today on all fronts with lots of decent sporting action to get stuck into and generally favourable results all round for my most popular strategies. The highlight was racing where I managed a clean sweep on all 34 races I participated in. It’s pretty tricky to achieve that nowadays and there are many ways to get tripped up as the day progresses, so it’s a very satisfying result.
Coupled with some excellent results elsewhere it was a …
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