Betfair trading – Getting a good entry or exit
Increase your profit with good entry and exit positions
Many aspects of Betfair trading can improve your long-term profitability. One problem Betfair traders face is getting a good entry or exit trade. This can significantly help your long-term profit, whichever Betfair trading strategy you use. However, predicting price movements when trading is tricky, so sometimes it makes sense to hedge your bets.
You often see Peter trading using Bet Angel Professional and the following tactic when trading pre-race horse racing markets. Whether Peter enters with a lay bet or back bet, he tends not to look for exact price moves but spreads orders in and out of the market. This strategy can be used on any market on Betfair. Not just horse racing.
To do what we are about to show you here, using the best Betfair trading software, is easy. Bet Angel has a facility that will let you do this easily, whether you are on the ladder interface, one click betting screen or any trading interface.
Creating a spread entry and exit in Bet Angel
Putting multiple positions into a market can help you achieve a good average entry, a good average exit or create some speculative trading positions for you.
While it’s a typical trading tactic, it can also be quite laborious and time-consuming. If you are a manual trader, look at the image below and guess how many mouse clicks it takes to place those 22 un-matched bets on the Betfair exchange.
If you’re using Bet Angel to trade on Betfair, the answer is zero mouse clicks! What about if you wanted to do the same on every selection within a market – at the same time?
Using Bet Angel, the answer is still 0. Both can be done with a single press of a key!
OK, so you’re unlikely ever to want to place a series of bets in this manner, but something that you will likely want to do quite often places a ‘spread’ of bets on one or perhaps both sides of the current price, or maybe near the top or bottom of a range or around a cross-over.
If you can place a bet at every price on every selection with a single press of a key, you can certainly put a smaller spread of 3,4,5, or however many bets you want around the current price or key area with that same push of a key.
How? One simple word – Servants
Let servants do all the work for you
Servants are just one of many unique features of Bet Angel and certainly one of the most powerful and innovative features which will enhance and help every manual trader, no matter what their trading style or preference, to some degree or another.
Using a Servant you instruct it where you want the bets to be placed; this could be at a predefined number of ticks or percentage from the current price ie, you want to start your spread at the current reverse price and cover then following 3 ticks, or every other tick, or you might want to start a spread 5% either side of the current price and cover the next 4 or however many ticks thereafter.
Alternatively, you may want more control and want to specify where the spread starts depending on what’s happening in the market at that time, ie, you could be waiting for a reversal and want to place a spread of bets around where you think it’s going to end or you may be able to see a defined range and want a spread placing just outside of it.
The ultimate in flexibility
This is also possible and equally easy, all you need do is point your mouse cursor at a target price you want then press your key and your spread of bets will be placed. This is the way I prefer to do it, but as it’s so easy to do either, why not just have a key for both methods, just in case?
What if you don’t want your spread of bets to use the same stake for every bet?
That’s no problem; you can define a percentage of a stake to be placed throughout your spread, so you might want 50% placing at the front price, then 15% at the next two prices, followed by 10% at the final 2, so if you were using a £200 stake the spread of bets would be £100, £30, £30, £20, £20
In the image below a stake of £256 was used to spread out 3 bets at 50%, 25%, 25% (£128, £64, £64) starting 1 tick above and below the best reverse market prices.
How about if you want to place a spread of bets using a certain stake value on one selection and then another on a different selection immediately after? ie, spread £500 of bets on the fav but only £100 of bets on the 4th fav
That’s also possible and just as easy as instructing the servant to use whatever pre-set stake you chose for that selection.
Servants and the ability to spread bets are not just confined to the ladder interface. If your preference is to use the one-click trading grid, they can be used in precisely the same way, even placing bets at prices outside those currently visible to you on your grid.
To put it all into one paragraph, you can place a spread of as many bets, covering as many odds as you want and on as many selections as you wish using any values or percentage of a pre-set stake through the spread and all with one push of a key, and all this can all be done on either the ladder or one-click trading screens.
Every option is open to you
If you’re not opening a trade with a spread of bets, why not close a trade with one?
Whether you’re swing trading, scalping pre-off or doing an in-play strategy like Back2Lay, using a spread of bets to exit is an excellent way of maximizing profits whilst reducing your liability and minimizing risk.
You could set up the servant so that no matter how much you have had matched, you can place a closing trade equal to the matched amount and have it spread out across many ticks or, as described above, using various percentages, all without the need to select a stake or input any values.
I.e., you’ve just placed a £200 back bet but only had £78.42 matched at the start of a swing trade before the price began to move away, press your key, and the servant will place the required £78.42 to close the trade but spread out over several prices.
Spreading a series of bets is just ONE of the practically unlimited ways servants can be used to help and enhance your manual trading regardless of sport or whether its pre or in-play.
Want to give it a try?
You don’t even have to create or set up the servant from scratch, there is a ready-made one you can download from the Servants shared files section (see link below) that will already place a spread of back, lay or exit bets, all you have to do is just download, import it into Bet Angel and assign it to a key of your choice, then if required you can edit any element of it to make it spread the bets exactly the way/s you want.
Follow this link to download the servant from our forum – https://forum.betangel.com/forum/viewtopic.php?f=58&t=15201
You need to have a copy Bet Angel Professional to use Servants. Of course, we offer a free trial, which you can download. All the functionality in Bet Angel, including Servants, are available in practice/training mode. So you can experiment to your heart’s content without any risk to your money. Download a copy here: –