How I Made a Million Betting on Horse Racing, With NO Specialist Knowledge
Вставка
- Опубліковано 10 чер 2024
- Some inspiration for the New Year.
Join me as I recount my journey from being a young enthusiast inspired by "Beat the Dealer" to earning a million through sports betting on horse racing.
Discover how I transitioned from football betting to navigating financial markets and eventually mastering betting exchanges. Learn the strategies I employed, my challenges with bookmakers, and my breakthrough in horse racing markets.
This story is not just about success in betting but also about risk management, understanding market dynamics, and the psychological aspects of trading. Whether you're a seasoned trader or new to the scene, my experiences offer valuable insights into the world of betting and financial markets.
Dive into my story and learn how I turned my dreams into reality.
Learn more about what I do at www.betangel.com
IMPORTANT
Be aware that Betfair trading is a form of Gambling / Betting and that you could lose money. Therefore, only Gamble what you can afford to lose. It's no guarantee of success and requires skill, discipline and hard work. It is not a shortcut to riches and shouldn't be treated as such.
www.betangel.com/about/risk-n...
00:00 - Introduction
00:41 - I started with Betting on Football matches
02:25 - Arbing, Arbitrage Betting & Matched Betting
03:58 - Getting started with Horse Racing
05:26 - The essence of 'trading' on a Betting Exchange.
06:57 - How Horse Racing markets work
09:27 - How I got to the magic Million
#horseracing #betting #gambling - Спорт
Always good to listen to you Peter. Good luck to you making a few more million. Maybe I’ll give it a go too
You remembering the first £100 profit made me smile. Milestones stick in the memory. My first greened profit of £1 (yes really) on a football match was Scotland v Hungary evening kick off. I knew I was on my way with this trading lark and sat back smugly knowing that all that was needed now was scaling and nothing could stop me. Five minutes into the match the floodlights failed and all bets were cancelled. My first 100 pounder was a testimonial match when the man himself got injured around the 80th minute and went off. The referee decided that there was no point in playing on without his nibs so blew the final whistle. Not a complete match. All bets cancelled !!! I always seem to stub my toe on the milestones. I got PTSD from my first horse race !!
Peter, you and your video's are very inspirational and long may they continue, Happy new year to you and your family
Thank you so much for your kind words! Wishing you a happy new year as well, and all the best to you and your family!
Happy new year to you Peter, have a great healthy and wealthy 2024....😊
Thank you so much! Wishing you a happy and prosperous new year as well!
At last, a brilliant channel genuinely explaining the mechanics of how to win in simple layman's terms...many thanks Peter!
Well done for achieving your Goals and believing in what you wanted to do!!!! You are an inspiration to us all...A sentence I've taken from this video is...."Positive minds find opportunities, negative ones find problems" very true in life.
Thank you Peter.
Thank you so much for your kind words! I'm glad you found inspiration in the video and resonated with the quote. Keep believing in yourself and chasing your goals!
Gosh Peter, what a clever old stick you are....a little smug perhaps but you can't have everything. Yours is a an amazing example of a life well lived and you are an example to us all and it's no wonder we all want to be just like you.
Happy New Year Peter, I have followed your journey for many years now, I have a good career and although I don’t scalp, I Dutch the win and place markets on the exchange and do ok with it, what I mean is I pay for holidays etc with the winnings, no time for the full time effort it would take to be a full time scalper as I have a well paid job, Keep up the good work and all the best for 2024 👍🏻
Hey, thanks a lot for sticking around and sharing your trading journey! Wishing you all the best for 2024 and beyond!
Great video. Happy New Year
Happy new year!
Excellent video Peter, always enjoy watching your videos.
I did laugh when you said “I picked up the racing post and it made even less sense” 😂 you’re absolutely spot on.
My wife once flicked through the paper and she said what the hell is all this nonsense, are they talking in cryptic code 😂😂
Haha, I'm glad I'm not the only one who feels that way about the racing post! It's like they're speaking a whole different language. I did write for them for a brief period, but they don't seem that interested in widening the audience.
@@betangeltv thanks for the reply, your definitely not the only one.
Happy new year Peter and another inspiring video. I’m curious to how you deal with the wild swings in prices at the 2 minutes to the off mark. I have been trying to learn to read for 3 years now, not very successfully. I always seem to be on the wrong side of whatever happens at 2 minutes. I know the simple solution is to be out before that but there’s quite often nothing happening before it or not enough liquidity to trade. Do you just trade through it as normal or do you exit before?
Lots of people have asked about this, so I plan to do a video on it.
Happy New year Peter i think you are a genius, i tend to stick to my specialist sport in football making modest profits each year since i started in 2004 and know a tiny bit about horse racing since i started,just from a knowledge point of view and not a trading view how did you go about learning about everything in horse racing as i would like to have a good depth of knowledge about this sport for which i know so little.
Thanks for your kind words! I'm glad you've been successful in your specialist sport. To learn about horse racing, I started by watching races, and talking to people knowledgeable about the sport.
Most of the stuff I read online was useless. It's a difficult sport to understand easily, so I just had to do it bit by bit over time.
I actually don't think you need that much knowledge to trade racing, just the basics.
I only stumbled across your videos and betangel over Xmas. Watched virtually nonstop since. I own and race a fair few greyhounds. Very fast market. I obviously want my dogs to win for the prize money, but I’d like to win on the other dogs. Even if it was £1-£5 per race. Any advice you can give me to start out? I tried the demo software and was backing & laying against the fav in every race and it seemed to work. Just a bit wary to take the plunge and pay for the year in advance and mess it all up…
Hi Peter, how many years/ months it took you to trade those 47k+ markets?
Simple advice, simply put, brilliant.
Many thanks and a Happy New Year to you.
Happy new year!
Do you use "spotters" at the paddock to get a sense of the people and horses. Also do you bet "in running" I can imagine that studying form, and body language, to get a sense of the energy in a horse in running, could make you a million in a short time.
I watch TV pictures to see what is happening on course and also we now have live data inside Bet Angel. So that's a massive help.
I do also do in-play trading, but it's completely automated using that data.
not sure if you maybe talked about this before but have you have any edge/made money in the long run from over/under in football?
I trade on many differnet sports and markets, but Racing, Football, Golf and Tennis are the key markets for me.
I did a video before the start of the football season that would have been profitable if you followed the advice - ua-cam.com/video/db8tQkkSWJQ/v-deo.html
Very good stuff Peter. I've always been fascinated by what you can now achieve with technology etc and some application of time and effort.. the problem, that most avoid mentioning is that now we have the premium charge, to earn £1m in 'net profit' means over £2m in gross profit to allow for the huge percentage they take.
I was put on 20% PC in 2008 and then on 60% in 2011, but quickly found a way to reduce it's impact and just kept on going but also started seriously on Betdaq at that point.
I'm not sure Betfair can justify PC any longer. So it wouldn't surprise me if it changes at some point in the future.
@@betangeltv without any main competiton though they have no reason to remove it until one of the other players becomes big enough to take significant customer volume. Its the 'quickly found a way to reduce its impact' is the bit no-one is talking about. I guess you can't, so understandable. I'm a million miles from worrying about it yet so not a problem for me but hopefully one day I'll get there. Only in about year 2 of my journey trying to understand how to make it work profitably... and like all newbies... somewhat in the negative at the moment. This time next year...... 😁
I don’t know what I was expecting when I watched this video. I went in with the question “how does horse race betting work?” But what I learned was, it complicated, and if you’re going to get ahead you need to understand every angle and strategy, and then you have to work really, really hard. Understanding all the angles and working tirelessly works in a lot of fields. But I still don’t understand how to properly bet horse racing
Have a look at these videos: -
ua-cam.com/video/PvcN0b1EWTc/v-deo.html
ua-cam.com/video/PMcIrIP9utw/v-deo.html
Wondering if the Black Jack strategy, would still work now? Thanks 👍
A modified version of it still does. But when Casino's saw this book they immediately introduce new rules to make it harder and less profitable.
Much appreciated, thank you 👏👍
Happy 24
Are you looking forward to US election mkt this year? Will you get involved?
Very much so!
Well done Peter! Love seeing you smash that nonsense narrative that normal people can't make money trading on Betfair.
Do you sell course or have an Academy?
No, we have an Academy but it's curated content of past videos and it's free. UA-cam hardly ever shows relevant videos so we decided to curate them properly there.
The biggest barrier people tend to have with this sort of thing is not the strategies, but the ability to take and manage risk. So that's probably the think you need to work hardest on.
You really are unique aren't you? Your daughter has featured in a couple of vids , is she an active, profitable trader now, after all your tuition?
I taught her to trade and she has been succesful. But I think that half the trick is to keep on improving. Strategies come and go, so constanly monitoring and refining what you are doing is the key to keep it going in the long term.
These days you need a huge bankroll, strict discipline and just scalp a couple of ticks here and there. The markets aren't as predictable as they once were.
I'd agree that the markets are not as predictable as they used to be, but that's mainly down to falling liquidity.
I'd completely disagree that you need a huge bankroll. My trading style suffers when the stakes are large, so I spend most of my time trading smaller stakes. I have done a video on this.
@@betangeltv can you share a link for this video ?
A million on betting on horse racing?:))))) Hard to believe. What was your starting budget? Did you bet only on exchange?
Exchange only, I can't remember my exact start bank and it depends where you start. When I was arbing I only had £100 in my account. But when I decided to trade seriously I think I started with £1k
Juggling 6 balls, balancing a young girl on your foot and a table on the other....impossible!! Gymnastics or mental gymnastics; its the same.
Congratulation
So the question is ?
When you won a million did you need luck or you only need a strategy and a good plan
What I am trying to say is to make a million do you need to be lucky
Or a good strategy will do with out been lucky
I just repeated the same thing a lot, no luck required.
@@betangeltv Happy new Year Peter ! What stakes did u use on the start of this and wich straegy did u use it? I will be interesting to know. Am trying to be profitable trader but like u said i struggle alot between strategy loss taken an so on
I was originally arbing, which led me to scalping, but as I explain in the video that didn't work on a lot of markets so I had to keep finding new strategies that stood a fair chance of working in each different market.
A bit skeptical of betfair trading guys selling their courses etc. If so profitable why the need to flaunt their products? Surely you'd want to concentrate on trading & especially would not want to encourage new competitors?
Take with a pinch of salt their profitable trades they show not mentioning the amount of times its went the wrong way.
Though I could be wrong.
It's always good to approach these things with a questioning mindset. Research and due diligence are key when considering any trading courses or products. Unfortunately, most people in this marketplace are here to exploit people rather than help.
However, I was one of Betfair's first customers, and I discovered trading long before many knew about betting exchanges. Bet Angel was created to help me trade when no similar tools existed.
I don't make any money from affiliate fees or selling courses. Instead, I've made most of my money through investing and trading.
If you want a comparison, I quickly looked at the people you are subscribed to. I don't appear to be one of those!
But if you add up all the lifetime profits of the people you are subscribed to, they would only come to a small percentage of the commission I've paid on the profit I've made.
I am the exception to the rule.
@@betangeltv thats fair enough. Im prepared to admit I could be wrong & dont doubt you are skilled at what you do. Im new to this arena & generally skeptical of most youtube make money vids.
To the contrary I have watched much of your stuff & have found it informative & useful.
Im tentatively dipping my toes into the world of betfair trading trying different things with low stakes.
Slow and steady is the best way, don't get suckered into buying or implemeting some amazing system. Just go at your own pace and find your own edge.
Whilst the amount you ve made on betfair trading is really impressive, it’s completely unrealistic to say it can still be done. I keep reading over and over again that the only people who make money now are the big traders. It’s virtually impossible for people new to trading to make any sort of profit at all. Obviously you want to perpetuate the myth that it’s still possible so people will buy your software, but really you re just taking advantage of idiots who actually think that they can compete on the markets and make thousands per week. It’s bullshit. You, and a handful of other traders probably do make a lot of money but I doubt anyone does on a consistent basis.
Thank you for sharing your perspective. It's true that the betting and trading industry can be challenging, especially for newcomers. However, with the right knowledge, strategy, and perseverance, it is still possible to make a profit. It's important to stay informed and continuously adapt to the changing market conditions.
As an example, I've taught my children to trade successfully many years after I first did it myself, and with many people saying it's not possible, it is.
My main motivation nowadays is to keep highlighting the opportunities. When I started doing this, I was convinced exchanges would sweep all before them, but they haven't, as corporations push people to play stupid Casino games and online slots or sportsbooks. It's really sad.
I only have a minority stake in Bet Angel nowadays. While I do have an incentive to promote its use, it's not as much as people think.
I wonder how a mathematician can be broke with this knowledge 😅
I've made alot of money from trading, yet don't know anything about maths.
@jonniekay4731 Or English. " a lot ".
Very easy, knowing & doing are 2 different things. Edward Thorpe also wrote a book called beat the market, how to win on the stock market & he has made millions if not billions from that. I read it & i didnt understand a word of it. I understood beat the dealer but not beat the market. I think also he got involved with making a wearable computer to sort of cheat & beat the roulette wheel. I cant remember the name of the book i read on that but it was brilliant but if you wear one of these computers to beat the wheel ( & ones that you can use to count cards to beat the black jack dealer ) & you get caught i think its a minimum 10 years in jail.
I would think more psychology than math hint hint
I doubt you have broken even lad
Only a gambler would say that 👍
Sh*t up you idi*ot. Peter wont tell you that but i will & ill say it again so you understand, sh*t up you id*ot.
One of the reasons I've been so succesful, is because people have been so stupid. QED.
@@betangeltv Great point, I’ve always thought markets are effectively a tool where money is transferred from stupid/impatient people to those with a bit of sense.
This video is so generic. "I know nothing about horse racing but I magically made £21 on thousands of horse races to make a million quid."
If people have been 'stupid' it's probably buying software because they also think they will magically win a million quid.
Not saying that nobody can win. People obviously do. But I'm going to need a lot more proof to be convinced that this really happened.