Bet Angel for newbies / Getting started : Betfair scalping for beginners

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
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Legionmort
Posts: 2
Joined: Tue Jul 07, 2020 5:42 pm

Wed Jul 08, 2020 9:14 am

On the same subject of Newbies and scalping.
I have been Matched Betting for nearly a year and yesterday I tried BetAngel for the first time (with Betdaq). Using the one-click screen I made a trade with a profit of £1.20. I clicked 'Green' and this spread across the field with £0.12 on each horse. However, when the race started, these values fluctuated until, at the end of the race, all horses were at £0.00 except my original one which had returned to £1.20. It lost, so no profit made. What am I missing? Why did I not get a £0.12 profit?

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Dallas
Posts: 15026
Joined: Sun Aug 09, 2015 10:57 pm
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Wed Jul 08, 2020 11:08 am

Legionmort wrote:
Wed Jul 08, 2020 9:14 am
On the same subject of Newbies and scalping.
I have been Matched Betting for nearly a year and yesterday I tried BetAngel for the first time (with Betdaq). Using the one-click screen I made a trade with a profit of £1.20. I clicked 'Green' and this spread across the field with £0.12 on each horse. However, when the race started, these values fluctuated until, at the end of the race, all horses were at £0.00 except my original one which had returned to £1.20. It lost, so no profit made. What am I missing? Why did I not get a £0.12 profit?
Sounds like you didn't have the green up bet matched, only once the values below the selections names change have you been matched.
After that they'll be static in the trade profit column - unless you open another trade

Legionmort
Posts: 2
Joined: Tue Jul 07, 2020 5:42 pm

Wed Jul 08, 2020 5:04 pm

I have seen a couple more videos since then. Do you match the Green Up bet by simply clicking anywhere in the trade profit column once the 'Green' box has been ticked?

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Dallas
Posts: 15026
Joined: Sun Aug 09, 2015 10:57 pm
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Wed Jul 08, 2020 5:41 pm

Legionmort wrote:
Wed Jul 08, 2020 5:04 pm
I have seen a couple more videos since then. Do you match the Green Up bet by simply clicking anywhere in the trade profit column once the 'Green' box has been ticked?
Yes, but you also need to ensure it gets matched, ie, there are no unmatched bets showing at the bottom of the screen and all the p/l figures below the selections names are all the same and match what you see in your trade profit column

Vaz0202
Posts: 38
Joined: Sat Jun 27, 2020 7:53 pm

Fri Aug 07, 2020 7:30 pm

On fire at the moment.
3 winning days in a row, made £1.80 today on £2 stakes.

Not going to increase stakes until I have experienced a losing run. Need to make sure my mind can deal with the variance.

Keeping to a very strict system when scalping.
Sticking to a 1 tick policy with auto offset to greening up.

I was reading the comments on an old video of Peter’s and someone mentioned a trader saying he could teach scalping to anyone who enjoyed video games.
I don’t enjoy video goes as such but I do enjoy strategy games.
This should be something I excel in I thought.
I stare at the screen like a fool waiting for the moment and it seems to be working.

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Kai
Posts: 2033
Joined: Tue Jan 20, 2015 12:21 pm
Location: Croatia
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Sat Aug 08, 2020 1:46 am

Vaz0202 wrote:
Fri Aug 07, 2020 7:30 pm
I was reading the comments on an old video of Peter’s and someone mentioned a trader saying he could teach scalping to anyone who enjoyed video games.
I don’t enjoy video goes as such but I do enjoy strategy games.
This should be something I excel in I thought.
It's a common analogy. Suggests that clicking around on the ladder is akin to playing video games because it builds muscle memory skills that can be practiced to a good level without a real skill cap. It's something that gamers usually excel in, along with pattern recognition, self-improvement and problem solving skills which is in other words "beating game/market" and "finding patterns/edges". Obviously not a bad starting skillset to build the rest upon.

So scalping is a good start, many of us started from basic scalping including Peter IIRC but later when scalping you ideally want to try and take as many ticks as the market is offering and not settling in advance for 1 tick with offset, since the risk vs reward is far from ideal and it will be difficult to stay consistent enough in most markets. You'll also find it gets more difficult with bigger stakes.

If that's something you think you can be good at then you can try all sorts of scalping that you find on Bet Angel videos and Youtube, since there's many ways to scalp both preoff and even inplay markets, I for example also like scalping inplay runners to create "free" trades, it's not necessary but might as well add as many ticks as you possibly can, that's basically the whole point of the trading game!

Best of luck :)

Vaz0202
Posts: 38
Joined: Sat Jun 27, 2020 7:53 pm

Sat Aug 08, 2020 12:52 pm

Oh definitely Kai.
I feel I have actually found a platform to build on now.
I tried my hand at inplay offset a few months ago but kept getting caught short even with a stop loss.

Vaz0202
Posts: 38
Joined: Sat Jun 27, 2020 7:53 pm

Sat Aug 08, 2020 5:30 pm

My first Saturday scalping and found it much harder on the big races. Prices were not shifting much but ended the day up without a loss again

Archery1969
Posts: 750
Joined: Thu Oct 24, 2019 8:25 am

Sat Aug 08, 2020 8:59 pm

Vaz0202 wrote:
Sat Aug 08, 2020 5:30 pm
My first Saturday scalping and found it much harder on the big races. Prices were not shifting much but ended the day up without a loss again
You don’t actually need the prices to move at all to make a profit.

Emmson
Posts: 1560
Joined: Mon Feb 29, 2016 6:47 pm

Sat Aug 08, 2020 9:05 pm

Archery1969 wrote:
Sat Aug 08, 2020 8:59 pm
Vaz0202 wrote:
Sat Aug 08, 2020 5:30 pm
My first Saturday scalping and found it much harder on the big races. Prices were not shifting much but ended the day up without a loss again
You don’t actually need the prices to move at all to make a profit.
That is true but I prefer some movement when scalping though not extravagant movement.

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