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.

rss feed Facebook Twitter YouTube

Ascot 2017 post meeting summary

Ascot 2017 post meeting summary

I’ve been meaning to summarise Ascot. It’s always worth doing as you can refer back to it next year for comparison, so here goes: –

Turnover

Betfair ended up matching, at post time, around £70.5m which was up on last year by about 23%. Last year was down quite a bit so this returns the matched bet turnover to levels that would be deemed ‘normal’.

In the run up to Ascot, I reckoned it would trade around £65m so that’s …

30/06/2017 | By | Reply More
Trading Royal Ascot

Trading Royal Ascot

And so here we are another year, another Ascot. That came around quickly didn’t it?

For me, it’s another declined invitation to attend the event. While that pains me somewhat, for the moment, I’d still rather be on this side of the desk during one of the busiest weeks of the year. You wouldn’t see a professional footballer work hard all season, only to decline the chance to play in the Champions League final. So missing any major meeting is

19/06/2017 | By | Reply More
US PGA Golf

US PGA Golf

Before we talk specifically about trading the US Open, why not check out our Golf trading videos at https://www.betangel.tv

I enjoy my annual foray into the US Open Golf because it reminds me of my very first activity on betting exchanges way back in June 2000. Aside from a small flutter on some financial markets, it was the Golf that launched my betting exchange career. Back then Tiger Woods was being offered at 4.00 for the championship and Colin Montgomerie …

14/06/2017 | By | Reply More
Two card Tuedays

Two card Tuedays

We have reached the time of year when Monday and Tuesday racing drops to two cards in the afternoon.

The impact of just two race meetings

It’s an important time of year, as this changes the characteristic of these cards to the negative. But also it allows you to do a few other things and skip these cards if needed. Racing tends to be lower quality on a Monday and Tuesday and that combined with the 15-minute gaps in-between the …

13/06/2017 | By | Reply More
Going Grey

Going Grey

Back in 2010, I commented during some bleak winters months, I had a dabble at Greyhound markets.

Since then I hadn’t done much work on Greyhounds as the return per day didn’t justify the effort. However, since that last post, two things may me revisit them.

The first is some renewed interest in the forum, and the second is the turnover figures I saw when I reviewed the markets at the start of the year. Bet Angel has …

11/06/2017 | By | Reply More
Punting on Politics – General election turnout

Punting on Politics – General election turnout

I did a little piece on the General election recently for Betfair. Underlying it was some work I’d looked at recently on turnout for elections.

Apathy

When the election was called the markets shifted significantly anticipating a Conservative landslide. I immediately wondered if there would be a correlation between certainty and turnout. But first I had to work out what a ‘normal’ turnout would look like.

I looked back at elections since the second world and munched through some …

06/06/2017 | By | Reply More
The Oak’s Betfair’s first ever market

The Oak’s Betfair’s first ever market

So today we reach the Oaks and tomorrow the Derby when the summer racing really starts to step up a gear. The start of June means Royal Ascot is just around the corner.

If you are a Betfair newbie you may not know that the Oaks at Epsom was Betfair’s first market way back when they started in June 2000. But it was a little later that year, on June 11th. Mark Davis reminisced on his blog about it. I …

02/06/2017 | By | Reply More
Are Arsenal getting better or worse?

Are Arsenal getting better or worse?

Arsenal to finish fourth and win the FA Cup? Maybe not this year then, so it’s Wenger out?

Financial fair play?

I look at many different aspects of football aside from the general market pricing. Being able to read a financial report, a club’s financials can be quite useful for predicting long-term performance. Clubs that carry a lot of debt expense will see their ability to finance the purchase of new players squeezed. Clubs that are flush with finance can …

27/05/2017 | By | Reply More
Little and often soon adds up

Little and often soon adds up

This is a phrase I’ll often quote when advising people on how to trade.

The real objective when trading

It’s really nice to bang in some massive results now and again, but generally, that’s not what trading is about. Most of the time I’m in a market I’m just looking for an opportunity. Something I recognise as having a decent chance of a payoff, with as little downside as possible. Sometimes you just can’t see them and sometimes they are …

30/04/2017 | By | 2 Replies More
The London Marathon – When I became a QPR fan

The London Marathon – When I became a QPR fan

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. Good luck to all those running or watching the London Marathon today.

I still harbour ambitions to do one more marathon, but for the moment I will remain on the side of the road encouraging support. I’ve been really good this year and gradually built up my distance again, but once …

23/04/2017 | By | Reply More
Ten years apart

Ten years apart

A reflective and rather long post for the bank holiday weekend.

Don’t look back in anger

I recently looked back at some stats from the start of 2007 and compared them to 2017. I’ll often compare previous periods and markets to see what I find. I’ve always archived huge amounts of data as doing so allows me to monitor my own activity, but also see how the market changes over time.

My strike rate on racing in 2007 was a …

15/04/2017 | By | Reply More
Aintree, the Grand National and fallers

Aintree, the 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

07/04/2017 | By | Reply More
Trading the US Masters

Trading the US Masters

I like the US Masters. This is 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 and form your strategies around that. It 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.

04/04/2017 | 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 nearing, 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!

Transition

At this time of year, we move from the National Hunt season to the Flat season proper. This marks the return of flat racing over the green stuff. The Grand National is …

01/04/2017 | By | Reply More
Street traders

Street traders

Formula one is back this weekend, so we will get to see how the new rule changes shape the sport this season.

The move to speed up the cars and make them more demanding is a welcome one. The drivers will enjoy it and hopefully, the fans will too. I delved into the sport in depth a few years ago and have kept all the records up to date to look at key aspects of it from a trading perspective. …

25/03/2017 | By | Reply More
A world cup that is suited to the desert

A world cup that is suited to the desert

Saturday sees once of the world’s richest horse races 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 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 itself must be one of few where the prize

24/03/2017 | By | Reply More
Trading Cheltenham

Trading Cheltenham

It’s Cheltenham and that means that next week we will be treated to some quality racing and expected market turnover of £120m. I can’t wait.

In this post, I have put up plenty of statistics about what will and won’t work at Cheltenham and some comparisons to previous years. Hopefully, this will give you a few points. There is also plenty to help you get stuck into this Cheltenham if you are a Bet Angel user.

Latest releases

First of

11/03/2017 | By | Reply More
New version of Bet Angel released

New version of Bet Angel released

We are pleased to announce that a new beta version of Bet Angel Professional is available v1.47.0

Download it from here: – https://www.betangel.com/securedownload … _beta1.exe

Following feedback from our community this version sees:

  • the introduction of Staking Methods
  • the option to calculate Offsets (and Stop Losses) by Percentage instead of ticks.
  • for Advanced Automation users, the ability to quickly Copy Rules between Automation Files.

Staking method

Bet Angel can now vary stake based on the placement price of a …

26/02/2017 | By | Reply More
Knock out stages in European football

Knock out stages in European football

Knockout Stages of Champions League

February brings the knockout stages of the Champions league. The group stages tend to eliminate weaker teams from the tournament. The remaining, generally higher quality teams, know they are a few matches away from a shot at the glory of the champions league title. It’s all or nothing from here!

Key football trading features within Bet Angel

If you are interested in trading football, check out Bet Angel’s unique football trading tool, ‘Soccer Mystic’. This …

21/02/2017 | By | Reply More
The Betfair exchange in numbers

The Betfair exchange in numbers

I started collecting data on Betfair from the very early days and have carefully archived masses of work that I’ve done in the market.

I hoard data, even if I have no need for it, as I can go back and look at or compare previous periods. This is helpful in sporting terms to understand how the markets behaved in the past, but also I’ll often go back to apply something I recently discovered and see if results are consistent …

05/02/2017 | By | Reply More
The growth and growth of inplay

The growth and growth of inplay

It seems difficult to imagine a time when it wasn’t ‘all about the in-play’ – but before Ray and Betfair there really wasn’t much concept of betting on an event after the official start time. How things have changed!

The start

Back when exchanges started, it was purely a replication of the traditional bookmaker regime. Similar sports and similar punting styles, but exchanges brought this new concept of betting while an even was underway.

In essence, some markets were ‘in-play’ …

04/02/2017 | By | Reply More
Everybody needs a role model

Everybody needs a role model

I’m very excited to have pre-ordered Ed Thorp’s new book. I suspect it will go on my top recommendations list.

Principles to live by

It’s important in life to find something you can live by. Some principles, desire, a path to follow. Often you look to others to find that.

A long time ago, while still at school, I visited at a friends house. There I stumbled across a Commodore pet. Learning to do some basic stuff on …

29/01/2017 | By | Reply More
Bet Angel user guide, upgraded!

Bet Angel user guide, upgraded!

As regular users will know Bet Angel has continued to grow year after year with new features continually being added, often at the request of our users. This has inevitably resulted in an ever-expanding and extensive online user guide.

Quick links

We have therefore noticed that sometimes finding the information you’re looking for may have become quite time-consuming. For this reason, we have added in a new tab ‘Quick Links’ which we hope will make the online user guide more …

27/01/2017 | By | Reply More
What are the best Tennis markets to trade?

What are the best Tennis markets to trade?

There is no such thing as a perfect trade or one that is completely riskless. So the next best thing is to find the best place to be in a market adn when.

Volatility in Tennis

When you are looking to trade Tennis you are effectively selling volatility. Markets are generally priced efficiently before the start of a match, but trading is all about exploiting how a player goes from that point to closing out a match. That progression can …

21/01/2017 | By | Reply More
Trading Tennis at the Australian Open

Trading Tennis at the Australian Open

January is when the Tennis season starts up again and it’s a great time to get some Tennis trading experience under your belt. With weaker markets elsewhere, the Australian Open is a great time to get going on Tennis.

If you want a quick browse of previous advice dispensed on Tennis, click here to search the blog for Tennis articles. But also view the playlist on betangel.tv. The forum is full of chatter from previous tournaments that should help …

14/01/2017 | By | Reply More
Trading the FA Cup

Trading the FA Cup

It’s the FA Cup third round this weekend and marks just over halfway point in the season.

Has the FA Cup lost it’s ‘magic’?

If you are talking about a smaller club meeting up with a goliath, then perhaps not. But it may be that the smaller club faces a diminished version of said goliath. As they say, Money talks and it doesn’t say much in the FA Cup, apart for smaller teams.

Win a game in the second round …

06/01/2017 | By | Reply More
How to win £45m in a few minutes

How to win £45m in a few minutes

Five years ago today we were treated to a day of spectacular proportions!

Leopardstown

We are now out of the Kempton meeting and into a quieter period, but Leopardstown brings us the key targets of the day and is worthy of a look. I’m less convinced by other markets.

Today the two big races are the Lexus chase and the Christmas hurdle. The meeting overall has prize money of £145k which is more than all the other meetings combined.

Leopardstown

28/12/2016 | By | Reply More
Trading Christmas racing markets

Trading Christmas racing markets

It’s almost time to relax, but typically this can start and end sooner than you expect on racing markets.

Pre-Christmas period

The markets in the run up to Christmas day can be a bit barren. Indeed, this year, they thin out completely. We have some low-quality fodder through the week, then one Irish evening card on the 23rd and, obviously, nothing on the 24th and 25th.

It actually works well this year, as it means you can most likely take …

18/12/2016 | By | Reply More
Loss recovery systems

Loss recovery systems

A very common question I’m asked on specific trading strategies is ‘what do I do’ about losses.

Puzzlement

At first, I was pretty puzzled by this question.

You expect losses, they are part of trading. Trading is all about getting a positive expectancy. If you trade at random you will end up with random results. Because the market is generally very efficient this means that, excluding costs and commission, you will end up neither winning nor losing a massive amount …

17/12/2016 | By | Reply More
Starting out as a sports trader – Scaling up

Starting out as a sports trader – Scaling up

I was back on my small account on Monday. I was recording a few videos at low stakes (I posted one last week) and also giving instruction to my daughter; she is progressing nicely.

I’m also teaching a new recruit to the team. It’s interesting to watch and learn from newbies and how they look at the market. I feel like It’s a microcosm of the entire market. I ‘feel’ this in the market every day, but experiencing first hand …

14/12/2016 | By | 4 Replies More
Hypersmash.com