Thanks Peter, I have been scalping for a while with marginal success. I have watched yours and other scalping tutorials and by taking many small bites out of the market with smaller stakes I have started to trade with less stress and greater success. The light bulb moment seems to have happened. Thank you for all your insight.
Hi Peter. Thanks for the nice video. At 10:45 you say that, if the back and lay bets get matched, the profit will be 6.0 * £128.00 - 5.9 * £128.00 = £12.80. Why didn't you account for the 5% commissions that Betfair take from the winning bets?
Excellent video, many thanks. I am reluctant to place a back/lay trade like this in case the lay is taken, price continues to drop resulting in a large liability, prefering to place a bet then a subsequent lay when the bet has been taken. However, this is a fascinating insight into many other features of which I was unaware.
I've been looking for a good explination of how to identify whether a market is suitable for scalping or not. Very clear description of what to look for, thank you
Blimey - great video Peter and very helpful in simplifying the scalping objective and process for achieving it. I'm just in the process of upping my game from matched betting to trading and this cuts right through the other less simple explanations out there that have focussed on weight of money, trading order flow etc....and gets straight to the point...which for a complete novice like me is a welcome and refreshing change. Thanks..
By far the best scalping video I've ever seen, thanks for all your help Pete, really appreciated. I'm a week into my free trial with BA and will definitely continue after it runs out.........just awesome!!
Finally took the plunge today and started the free trail. Stuck £100 into betfair doing £5 and £10 swing trading and scalps. £2 up. Happy with that apart from 1 of the loses where I failed to get out in time for a £2 loss (i saw it coming and should have acted). A month of put it into practice, then the bank roll goes up 10x
Hi there, what you're saying makes a lot of sense. I'm assuming you have some background in financial markets and the knowledge transfers to betting markets? I was just curious if you have any insight into texts that would be considered exceptional introductions to trading, or have helped you a lot in your experience (don't mind if it's heavily mathematical)?
Hi Peter, great video. I just wondered, maybe you picked this point in the market randomly, but do you think it makes any difference that we're near a cross over point? Basically the one tick against us here will cost us twice as much as what we're profiting from the one tick for us... do you think this makes it a bad point to try to scalp? Or does it make it more likely to get matched as a result? Or probably neither, and it was just a random example. Thanks.
I tend to base my entry on liquidity, so there needs to be enough money being matched for me to feel comfortable. I.e. I can dump my position if I need to. But that period will normally be somewhere between 10-5 minutes out. Then I'm out by 2 mins. Big meetings I'll be active up to 30 minutes out.
Hooray, you have added a position in queue feature at last. I trialed Bet Angel and others last year and found , for my style of trading, was almost essential but Bet Angel didn't have this feature whereas GT and others did. So I went for GT even though BA is superior in many respects. Would like to free trial Bet Angel again now it has this feature. Not sure that is possible though.
Hi Peter. Thanks for the excellent videos. Were you more confident that the price would come back under 6 due to it being a natural resistance point or was it more because of the ~6k at 6.2 as a buffer that helped form your decision not to scratch? Many thanks
I've seen many 1.01 unmatched lay bets on every horses before the race. One will be match eventually and a back bet will be placed. Will it be matched ? As it might be the winner.
If you are seeing it before the start of race, that's actually lay money. It's value to lay heavily odds on horses in every race, so a little turf war takes place to get those orders in the exchange first and keep those bets over to the inplay period.
Having my best day scalping so far, never been able to crack this aspect until today. Still using Bet Angel but found another tool that shows me the trend in figures/ticks instead of a graph. For some reason my mind couldn’t react to the graph 😂 (bit like Trump) Just need to understand the data flow fully to kick start my automation
Good stuff! You shoud be able to do the same on Bet Angel, if you drop a note to support they should be able to point you in the right direction to get the same detail on Bet Angel.
Hi!Thanks for video! But i have one question.How can after your 128 back bet mached,on the ladar at 7.2 are -153.6? where at that point of time there should be max risk 128.
I'd have to check, but you are you are probably looking at the P&L from Betfair and it's probably imbalanced to the lay side. I pretty much ignore this figure and only focus on the net trade value.
Hi Peter, just watched this video again, as before it’s a great video, but same question, if at the point of backing £128.00, why does the liability show -153 further up the ladder, surely maximum loss would be only £128, or am I missing something? Thanks
Great, is this software compatible with Orbitx exchange? i am interested in scalping strategy but i can't use Betfair because i live in a country where Betfair is not available
can someone explain how Bet Angel gets around the second delay? for example if I place a bet in Betfair and hope it gets matched, the price could move to rapidly in one direction before it gets matched. Also if manually placing a back bet in Betfair at a lower price than the lay price (as you would to hedge your bet in Bet Angel as a stop loss) what stops that bet from getting matched immediately? a lower back bet that is selected in Betfair that is below the current market price would get taken immediately by another trader
There is no delay on pre-off markets, only on in-play markets. On Bet Angel you can reverse the book to offer a bet to the market where it waits to be matched.
@@betangeltv so in Bet Angel reversing the book means the lay bet will not get filled if the lay market price is higher than the back bet, until the market price reaches the lower back bet price selected?
Backing £128 at 6.0 and laying £128 at 5.9 means yes a £12.80 win if the back bet wins, but if your lay bet wins you lose £2.56, not sure why it's saying that on his calcs and if you factor in the % betfair take then it could be lower... I don't get how this is a profitable strategy???
That's wrong, when you back and lay the profit calcuation would be 128*(6.0-5.9) and that is where your £12.80 profit comes from. Commission in only applied to winning trades.
@@betangeltv If I use a simple back and lay calculator £128 in both fields with your odds 6/5.9 then it shows me £12.80 win if back bet wins and £2.56 loss if lay stake is £128 at those odds due to liability and also the comms will be applied either result.
That's wrong and not how trading works. If you back and lay the same selection you net the profit between the back win and the lay liability, in this case £12.80. Then only the net result is liable for commission. I've, literally, done this trade millions of times.
Aside from the bank you are using, you should ignore any betting liability on either side and just focus on the trade and risk on the trade. I never mention it, because I never look at it.
what they dont tell you that scalping is profitable only in demo account...when you apply bet angel in real matches..you see that the market balance and you cant scalp effectively..too slow and less volatile...
Actually, we have extensive documentation on live vs practice mode so you know the differences: - www.betfairtradingblog.com/betfair-software-practice-training-mode/ There is no substitute for trading live, even just for your reaction to using real money.
The fill rate is a function of the size of your bet and the amount getting matched in the market. So you can't specifically see it. But if you look at the amount getting matched per second that should give you a good rough rule of thumb.
Isn't scalping just a series of 50/50 coin flips? A condensed series of short priced punts that have no predictability whatsoever? For every winning scalp there is a loser. A waste of time and money?
It's sort of amusing to see a comment like that, just a day after people were congratulating me on a record result at Cheltenham. A lot of my stuff gets recycled and charged for, so I'm happy to release good quality stuff for free. It must annoy people who don't trade for a living and have rely on flogging advice I guess? Most of the stuff on the Academy is free as well and we have free software. It's amusing to think there are still people who can't come to terms with the fact I sit at my desk each week doing this. That in itself should tell others a lot about where you can find an edge in the market. I understand with so many frauds out there people can get confused, but I'll start on year twenty soon on Betfair. That should speak volumes. In contrast, I note there was a deafening silence from other "pro traders" during Cheltenham.
Hi Rufio. I've been on one of Peter's courses (I sadly went too early in my trading 'career' and need to go again - now I've experienced more!) and I have to say that had I followed all the advice that Peter gives - for free - on UA-cam, then I'm sure I would be a lot better off than I am at present. BUT - and its a very BIG but, the info you get from one of his trading courses is so much better because you can ask him ANYTHING you like and he will reply to you personally. But to be successful, you MUST listen and you MUST HEAR!!! Sadly, I listened...... My biggest problem, is that I keep going 'inplay'. That's a big no-no. I'm taking a break to address my problem and I will be back and I will attend another of Peter's courses once I re-start my trading career. As for Peter being desperate to sell his software, he mentioned it a couple of times I agree but if you wish to, you can use other software like Geek's Toy etc. Peter's teaching can be adapted to any trading software you care to name! Hope this explains things a bit better for you? All the best. :-)
Thanks Peter, I have been scalping for a while with marginal success. I have watched yours and other scalping tutorials and by taking many small bites out of the market with smaller stakes I have started to trade with less stress and greater success. The light bulb moment seems to have happened. Thank you for all your insight.
That's good to hear
Great video Peter. The only "pro" trader anyone should listen too.
10 plus years of these and they are so good
Many thanks for your comments, it motivates me to produce more content.
You know when the Penny just drops……. Brilliantly explained. Thank you so much.
Many thanks for your comments. I'm glad the video was helpful.
Hi Peter. Thanks for the nice video. At 10:45 you say that, if the back and lay bets get matched, the profit will be 6.0 * £128.00 - 5.9 * £128.00 = £12.80. Why didn't you account for the 5% commissions that Betfair take from the winning bets?
Excellent video, many thanks. I am reluctant to place a back/lay trade like this in case the lay is taken, price continues to drop resulting in a large liability, prefering to place a bet then a subsequent lay when the bet has been taken. However, this is a fascinating insight into many other features of which I was unaware.
Thank you Peter, finally an excellent tutorial on scalping
Brilliant video, cracking explanation for someone like myself who is just starting out in trading 👍
Glad you enjoyed it
I've been looking for a good explination of how to identify whether a market is suitable for scalping or not. Very clear description of what to look for, thank you
Glad it was helpful!
Blimey - great video Peter and very helpful in simplifying the scalping objective and process for achieving it. I'm just in the process of upping my game from matched betting to trading and this cuts right through the other less simple explanations out there that have focussed on weight of money, trading order flow etc....and gets straight to the point...which for a complete novice like me is a welcome and refreshing change. Thanks..
By far the best scalping video I've ever seen, thanks for all your help Pete, really appreciated. I'm a week into my free trial with BA and will definitely continue after it runs out.........just awesome!!
Finally took the plunge today and started the free trail. Stuck £100 into betfair doing £5 and £10 swing trading and scalps. £2 up. Happy with that apart from 1 of the loses where I failed to get out in time for a £2 loss (i saw it coming and should have acted). A month of put it into practice, then the bank roll goes up 10x
How did it go mate? Did u stick with it?
Excellent tutorial ! Thank you .
Brilliant demo & explanation!
Many thanks!
Hi there, what you're saying makes a lot of sense. I'm assuming you have some background in financial markets and the knowledge transfers to betting markets? I was just curious if you have any insight into texts that would be considered exceptional introductions to trading, or have helped you a lot in your experience (don't mind if it's heavily mathematical)?
Hi Peter, great video. I just wondered, maybe you picked this point in the market randomly, but do you think it makes any difference that we're near a cross over point? Basically the one tick against us here will cost us twice as much as what we're profiting from the one tick for us... do you think this makes it a bad point to try to scalp? Or does it make it more likely to get matched as a result? Or probably neither, and it was just a random example. Thanks.
At what time would you go into the market please, great video again
I tend to base my entry on liquidity, so there needs to be enough money being matched for me to feel comfortable. I.e. I can dump my position if I need to.
But that period will normally be somewhere between 10-5 minutes out. Then I'm out by 2 mins.
Big meetings I'll be active up to 30 minutes out.
Hooray, you have added a position in queue feature at last. I trialed Bet Angel and others last year and found , for my style of trading, was almost essential but Bet Angel didn't have this feature whereas GT and others did. So I went for GT even though BA is superior in many respects. Would like to free trial Bet Angel again now it has this feature. Not sure that is possible though.
What would be a good football market to do this scalping? And would that be in-play or pre match / half time?
Sorry if my question is irrelavant but what about betfair's commission? Doesnt this wipe out any profit ?
I've been using BA for about ten years and I didn't know there was a setting to tell you roughly where you were in the queue 😐
This is not a beginners video. Dived to deep for a new concept
Well done at Cheltenham Peter,A good week for you sir!
Thanks, it was an excellent last day. I'll probably comment on it at some point on UA-cam.
Hi Peter. Thanks for the excellent videos.
Were you more confident that the price would come back under 6 due to it being a natural resistance point or was it more because of the ~6k at 6.2 as a buffer that helped form your decision not to scratch? Many thanks
What about scalping the football match odds market? They didnt seem to move a lot
I've seen many 1.01 unmatched lay bets on every horses before the race.
One will be match eventually and a back bet will be placed. Will it be matched ? As it might be the winner.
If you are seeing it before the start of race, that's actually lay money. It's value to lay heavily odds on horses in every race, so a little turf war takes place to get those orders in the exchange first and keep those bets over to the inplay period.
Having my best day scalping so far, never been able to crack this aspect until today.
Still using Bet Angel but found another tool that shows me the trend in figures/ticks instead of a graph. For some reason my mind couldn’t react to the graph 😂 (bit like Trump)
Just need to understand the data flow fully to kick start my automation
Good stuff! You shoud be able to do the same on Bet Angel, if you drop a note to support they should be able to point you in the right direction to get the same detail on Bet Angel.
Bet Angel - Betfair trading Thanks bud, will do!
HI I did download but when i want to register for for free trial it say enter your user name and password then doing like bytch i saw in Istanbul
Peter can you help please. is scalping one or more tics several times before the race is off.
Would love to see more videos on identifying 'market tends'
Thanks. I have produced a few videos along those lines, but will definately produce some more.
Hi!Thanks for video! But i have one question.How can after your 128 back bet mached,on the ladar at 7.2 are -153.6? where at that point of time there should be max risk 128.
I'd have to check, but you are you are probably looking at the P&L from Betfair and it's probably imbalanced to the lay side. I pretty much ignore this figure and only focus on the net trade value.
Hi Peter, just watched this video again, as before it’s a great video, but same question, if at the point of backing £128.00, why does the liability show -153 further up the ladder, surely maximum loss would be only £128, or am I missing something? Thanks
Great, is this software compatible with Orbitx exchange? i am interested in scalping strategy but i can't use Betfair because i live in a country where Betfair is not available
No we a banned from making it compatible with OrbitX
@@betangeltv ok, thx for the reply, do you offer any trading softwares that can work with Orbitx? i am looking for a trading opportunity or Orbitx
hi, i need help, kan I use Bet Angel via an VPS-1 (not VPS-5)
I don't recognise that naming convention. We provide a VPS service ourselves here: -
www.betangel.com/vps/
Considering how large your stakes are, the return is very small. £128 stake after greening up you get two pounds.
That's more or less how it works. Trading can only ever get a small percentage out of the market. It's a low margin game at this scale.
How did you make money when there is 5% commission ? if i put your stakes into a calculator it comes out as a loss for me. Sorry if i'm being stupid !
You only pay commission on the net outcome of a profitable trade, not on each part.
I'm new to trading so may be a silly question but do you get that £12 No matter what the result.
Hey Lewis. He will only get the 12 if that particular horse wins. The next step is to green up across all selections. Easily done with the software.
No that trade is only worth about £2 in reality less commission
So how do you add that extra column , i didn't see how Peter did it ?
The position in queue? You can reach that through the ladder settings / columns, where you can add or remove a number of different columns.
can someone explain how Bet Angel gets around the second delay? for example if I place a bet in Betfair and hope it gets matched, the price could move to rapidly in one direction before it gets matched. Also if manually placing a back bet in Betfair at a lower price than the lay price (as you would to hedge your bet in Bet Angel as a stop loss) what stops that bet from getting matched immediately? a lower back bet that is selected in Betfair that is below the current market price would get taken immediately by another trader
There is no delay on pre-off markets, only on in-play markets. On Bet Angel you can reverse the book to offer a bet to the market where it waits to be matched.
@@betangeltv so in Bet Angel reversing the book means the lay bet will not get filled if the lay market price is higher than the back bet, until the market price reaches the lower back bet price selected?
If you're backing at 5.9 and laying at 6, how are you making any profit?
Because the ladder is reverse you are doing the opposite of that.
@@betangeltv do you pay 5% commission with Betfair?
I was thinking of signing up to this, is it hard to make money from this?
And do you have to be very quick making money?
Backing £128 at 6.0 and laying £128 at 5.9 means yes a £12.80 win if the back bet wins, but if your lay bet wins you lose £2.56, not sure why it's saying that on his calcs and if you factor in the % betfair take then it could be lower... I don't get how this is a profitable strategy???
That's wrong, when you back and lay the profit calcuation would be 128*(6.0-5.9) and that is where your £12.80 profit comes from. Commission in only applied to winning trades.
@@betangeltv If I use a simple back and lay calculator £128 in both fields with your odds 6/5.9 then it shows me £12.80 win if back bet wins and £2.56 loss if lay stake is £128 at those odds due to liability and also the comms will be applied either result.
That's wrong and not how trading works. If you back and lay the same selection you net the profit between the back win and the lay liability, in this case £12.80. Then only the net result is liable for commission. I've, literally, done this trade millions of times.
Thank you Peter. Very much appreciated! :)
why don't you ever mention the liability when laying at GBP50 CAN BE MASSIVE as I have found out?
Aside from the bank you are using, you should ignore any betting liability on either side and just focus on the trade and risk on the trade. I never mention it, because I never look at it.
@@betangeltv Thank you I just saw your reply now after 2 years 🙂
what they dont tell you that scalping is profitable only in demo account...when you apply bet angel in real matches..you see that the market balance and you cant scalp effectively..too slow and less volatile...
Actually, we have extensive documentation on live vs practice mode so you know the differences: -
www.betfairtradingblog.com/betfair-software-practice-training-mode/
There is no substitute for trading live, even just for your reaction to using real money.
can this be done manually
I haven't checked the video, but I'm sure that was all manual.
How can I see the fill rate on bet angel?
The fill rate is a function of the size of your bet and the amount getting matched in the market. So you can't specifically see it. But if you look at the amount getting matched per second that should give you a good rough rule of thumb.
Does your software only work with Betfair, or can I also use it to trade on Matchbook?
It works with Betfair and Betdaq only at the moment. Matchbook's commission structure makes it difficult to use in the same way as other exchanges.
@@betangeltv Thank you very much for your answer! Unfortunately Matchbook is the only exchange that operates in my country.
@@betangeltv what about orbitx same problem
Isn't scalping just a series of 50/50 coin flips? A condensed series of short priced punts that have no predictability whatsoever? For every winning scalp there is a loser. A waste of time and money?
This video infers that you win £12.80 all ways up....which you don't
It wasn't deliberate and plenty of other videos show all aspects.
Drop your Telegram link
I wonder what is point of paying for academy course if you do video like this on youtube? I think you desperate to sell softeware and do not trade
I’ve attended a Bet Angel Academy Training Day & the information & advice given on the day will not be found here on UA-cam
It's sort of amusing to see a comment like that, just a day after people were congratulating me on a record result at Cheltenham.
A lot of my stuff gets recycled and charged for, so I'm happy to release good quality stuff for free. It must annoy people who don't trade for a living and have rely on flogging advice I guess? Most of the stuff on the Academy is free as well and we have free software.
It's amusing to think there are still people who can't come to terms with the fact I sit at my desk each week doing this. That in itself should tell others a lot about where you can find an edge in the market.
I understand with so many frauds out there people can get confused, but I'll start on year twenty soon on Betfair. That should speak volumes. In contrast, I note there was a deafening silence from other "pro traders" during Cheltenham.
Hi Rufio. I've been on one of Peter's courses (I sadly went too early in my trading 'career' and need to go again - now I've experienced more!) and I have to say that had I followed all the advice that Peter gives - for free - on UA-cam, then I'm sure I would be a lot better off than I am at present. BUT - and its a very BIG but, the info you get from one of his trading courses is so much better because you can ask him ANYTHING you like and he will reply to you personally. But to be successful, you MUST listen and you MUST HEAR!!! Sadly, I listened......
My biggest problem, is that I keep going 'inplay'. That's a big no-no. I'm taking a break to address my problem and I will be back and I will attend another of Peter's courses once I re-start my trading career.
As for Peter being desperate to sell his software, he mentioned it a couple of times I agree but if you wish to, you can use other software like Geek's Toy etc. Peter's teaching can be adapted to any trading software you care to name!
Hope this explains things a bit better for you?
All the best. :-)
@@betangeltv I'm surprised you even replied to this comment!