Tag Archives: betfair

Some help to deal with an outage

When this happens It’s a fact of life when trading on the Betting exchanges that sometimes things go badly wrong.

One such instance is when you have a trade in market and your screen freezes. There are a few things you can do to help yourself here.

Internet Issues:

Most people now have smart phones / tablets – Log into Betfair with 4g – If your internet goes you have a backup.

You can close a trade by phone if you are quick.

You can offset the bet on another exchange, such asBetdaq / S Markets or matchbook if you have a funded account. This isn’t as easy as it sounds.

Get friendly with your neighbour, see if you can blag their wifi password :)

Exchange Outage:

This happened on Saturday afternoon last on Betfair. When this happens your options are somewhat limited. There is one particular safeguard I regularly use; Take SP.

Take SP is a feature built into the major 3rd party vendor apps such as Gruss, Bet Angel and Geek Toy. If you enable this (I have a video, showing how to do this) it gives you some protection. It’s not perfect, but it can help save you from a huge loss.

In this video, it shows how to use guardian within Bet Angel to “Take SP”. What I would suggest is that you change the time of enabling Take SP to fit in the timeframe you are trading in. It’s no good taking SP 5 seconds from the scheduled start of the race is you have a trade in 3 minutes out and Betfair goes down. Peter makes a better fist of showing you this in his training videos.

If you Google “Using SP automation as a safety feature – YouTube” it will come up as the top answer.

My video is at the end of the post.

You may notice I have had a revamp of my Workshops for the rest of 2017. If you are interested in learning how to trade take a look HERE

Cheers Steve

 

Racing Trades, Preview Video & Evening Review 10th April

 

If you want to see how to get the best out of my trades see HERE

I have money in the queues at all these prices. If ALL of my money is not matched the trade goes down as no trade. If it goes significantly lower, I will cancel the trade if the momentum goes against it.

Back Trades

2:40 Nottingham: Moviesta: 4/1/ 4.7 stop loss 5.9

4:00 Lingfield: A Ladies Man: 3/1 4.0 stop loss 5.0

5:20 Catterick: Knightly Escapade 7/2 4.7 – Stop loss 5.9

See todays trading videos HERE

That complets the trades:
Preview Video

Evening Review:

I cannot tell you how frustrated I am today, first up was Moviesta at Nottingham, in truth it didn’t do much. I closed at scratch. No harm done.

The 2nd runner was A Ladies Man at Lingfield. This drifted badly, straight past the stop loss at 5 and even hit 6!. Then  was aggressively back right in to fav and 3.6 at the off. What should have been a profit ended in a max loss.

The 3rd runner should have been a real flyer once it’s main danger Annas Arch was withdrawn. It moved in a few ticks for a small profit. A disappointing and frustrating day overall.

Video Preview: Highs and Lows

2:00 Lingfiled: Archeloa: Caught my eye but wasn’t strong enough. 7.8 into 4.8 WON
2:10 Nottingham: Elhaame: 1.62 weak out to 2.1 Stepping Ahead 5.8 into 3.5 WON
2:20 Catterick: Ridgeblade 11.5 – 8.4 (2.22 in play)
2:30 Lingfield: Custom House: 6.8 – 11. I managed to get out with a small profit before it started to drift – Qeethaara went from 4.3 into 4 WON
2:50 Catterick: Polar Kite The strongest horse in the race by far. 2.9 into 2.35 WON
3:00 Lingfield: Dark Lane: I expected this to be strong. It wasn’t 2.84 out to 3. I though Desert Strike might be the danger. 5 out to 6.8 WON
3:20 Catterick. I spoke about Glennridding being a front runner. He was taken on an never got to the front.
3:30 Lingfield: King Bertie 2.84 “An uneasy favourite” out to 4.6! Lionheart “interesting runner” 7.2 into 5.1 2nd
3:40 Nottingham. “The 2nd and 3rd fav may be pushing Sir Graham Wade out : 2.64 out to 3.4
4:20 Catterick: I talked about Hugh Taylors selections drifting. 5.9 out to 8.8 – place market followed Place SP 2.57 so very tradable.
4:30 Lingfield: Another Cocktail was the Richard Hughes runner, he had had a previous winner, my thoughts were there would be doubles and trebles rolling up on him so be aware of it. I said he was strong and could see no opposition. 1.94 into 1.58 WON. A massive move.
4:40 Nottingham Singersongwriter. I though this would stay strong 1.86 – 1,95/ But traded well below 1.86 as it went up and down several times pre race.
4:50 Catterick: Another Hugh Taylor runner Arizona John 5.4 – 9.4 Place SP 2.42
5:00 Lingfield: Refreshtheparts. Another Hughes runner – 2 winners so far 2.52 – 2.04 WON. I said Yojojo was weak. that went from 2.68 out to 2.9
5:10 Nottingham: Standing Bear 9.8 but only £400 traded drifted like it had no legs at all to 17. The “popular” jockeys were backed in. Ryan Mooores’ horse went from 3.5 into 2.84

A pretty successful day I reckon for the preview video.

 

 

 

Racing Trades, Preview Video & Evening Review: 5th April

If you want to see how to get the best out of my trades see HERE

I have money in the queues at all these prices. If ALL of my money is not matched the trade goes down as no trade. If it goes significantly lower, I will cancel the trade if the momentum goes against it.

Back Trades

2:10 Leicester Posh Bounty: 3/1 4.1 – stop loss 5.1

4:05 Leicester: Greensward 11/2: 6.4  stop loss 8

4:30 Sedgefield: Favourable Fellow 11/2: 5.5 stop loss 7

That’s all the trades

Evening review:
I am really so this is a very quick review. Mrs MG has insisted I take her out tonight.
Absolute nightmare with both the trades that were matched. Unfortunately Favourable Fellow was not and it was a big mover. Typical. Apologies for the rubbish advice.
On the positive side there were a few good movers in the video preview.

The warning about Scargill proved right in the Posh Bounty trade. Wish I had listened to myself! Grrrrrr

The highlights were:
Super Duty 6.4 to 5.4
Ballymartin King traded below the 8.6 before bouncing back out.
Heyward Boy drifted badly during the live show. It was overbet and the price bounced.
Croco Bay went from 10.5 to 8.8. It won! Formulation was about where it started
Smoothtalkingrascal went off at 9.5, it drifted slightly. But it won as well.
Mists of Time 4.5 after the withdrawal of Azelle into 2.90
Exotic Man 6.6 into 4.2
Mombassa 4.2 – 3.7 – The “weak” fav High Troja came in too. 3.15 into 2.9 – it won
West End Lad 6.6 – eventually drifted slightly to 7.2 – but it won.

Shame I wasn’t trying to pick winners!
 

Racing Trades, Preview Video & Evening Review: 4th April

If you want to see how to get the best out of my trades see HERE

I have money in the queues at all these prices. If ALL of my money is not matched the trade goes down as no trade. If it goes significantly lower, I will cancel the trade if the momentum goes against it.

Back Trades

3:20 Taunton: Alasi: 5/1 (11/2 in a place) 6 -stop loss  7.4. The market is gappy. There is money below this but may bounce back.

4:05 Lingfield: Star of Rohm 9/2 5.5 stop loss 6.8

All trades live

Preview Video:

 Evening Review:

A disapointing day for the racing trades. Our first runner was in the 3:20 Taunton. Alasi did not get matched at the price I adviced. When the live show started I cancelled the trade. It subsequently drifted back up past the advised price. I think if you did (against my advice) take a lower price there would have been plenty of opportunity to take a small profit. It didn’t go far past the 6 mark. Goes down as no trade.

The 2nd runner, Star of Rohm ran in the 4:05 Lingfield. It ended up as a drifter due to the strength of other runners. Once the drift stared it quickly ran into the stop loss for a £19 loss.

We are still well in front on the week, but been a shocking last couple of days. Like I say, these trades are a long term project. I am very confident of turning a healthy profit every month.

Review of preview: 

I always find in beneficial to go back over what I thought before I knew what would happen :) This helps to hone your skills. If you got it very wrong, find out why. If you got it right, do it again. That’s a good way to improve i think.

Lets blast through and see what happened.

2:10 taunton. Bach on Tow – 8.6 into 5.1 – Won

2:20 Ling. Shirataki 4.6 into 3.85 -won – Gabrials Hope 8.8 into 6.4 – 2nd

3:55 Taunton: Benbane Head. There were many non runners taking the 11 down to 6.33 . It went down as low as 5 and finished 3rd.

4:05 Ling was the Star of Rohm trade. I mentioned in the video that Hard Walnut looked like it may threaten. Well it did. It came in from  6.4 into 4.6 and won. Gutting.

5:05 taunton. This is what I said. “Benedictus caught my eye, but it has had only £600 traded on it, so you can’t take it seriously”. Hmmmmm, Perhaps I should have. It was backed from 16 into 9.8 and went on to win.

5:15 Lingfield, Shalwa. 18 mins in on the video (yawn) I gave some comprehensive reasons about this and the reasons why I didn’t put it up as a lay. well it carried on drifting from 2.1 out to 3.25. It was unplaced.

5:20 Wolves. Ice Magic was a hugh drifter from 7.6 to 16.5. Manx Missile 3.9 to 5.5. Couldn’t have been more wrong about this race.

5:35 Taunton- Dragons Den came in a couple of ticks.

Not too bad overall. I think there are a couple of good explanations buried underneath all that waffle :)

 

 

Racing Trades, Preview Video & Evening review: 3rd April

If you want to see how to get the best out of my trades see HERE

Back Trades

4:10 Wetherby: The Panama Kid: 7/1 8.4 stop loss 10.5 AMENDMENT 7.4 stop loss 9.2

5:30 Kempton: Silver Fawn 7/1 8.4 stop loss 10.5

Preview Video:

There are a couple of things so say about the first runner. After yesterdays great results my over confidence bought me straight back down to earth. I broke one of my own rules about chasing down prices. I amended the original 8.4 to 7.4. This was a mistake as it soon bounced back. However, in the end it didn’t make too much difference as the runner drifted back past our original stop anyway. One to forget, but a lesson retaught.

The 2nd runner Silver Fawn in the 5:30 at Kempton looked ok, but 10 minutes out stated to drift. The market was very thin at this point, it did rally and I managed to close at 8. There was a non runner in this race which reduced our price to 7.34 once the reduction factor had been applied. It went on to win the race in a photo, the 2nd placed horse being matched at 1.02 in play. It takes £27 off the total, but still £144 up for the week.

You may notice in the results table I have started to add the place SP. I did some back testing of the placed results since the beginning of March. Backing every selection in the Betfair place market at SP gave a profit of 21.29 points. The April total is within the Stats section in the bottom of the result. Currently + 0.28 pts. I am not recommending you back them or anything like that. But it’s worth keeping an eye on.

3rd april backs

Lets hope it’s better tomorrow – MG

 

 

Racing Trades 1st April -Preview Video & Evening Review

If you want to see how to get the best out of my trades see HERE

Back2Lays

3:05 Plumpton: Risk: 4/1 Arbers. 5.3/5.2 stop loss at 6.6/6.4

3:15 Fakenham: Riddestown 5/1 – 6 stop loss 7.4

3:40 Huntingdon: Ardmaddy: 6/1 6.8 stop loss 8.4

4:00 Redcar: Lady MacDuff 10/1 8.8 stop loss 11

4:30 Redcar Morocco: 4/1 5.3 – stop loss 6.6

That’s it. Videos to follow. Will be in 2 parts, both live by 11.30

Evening Review – Racing Trades

Easter Monday is the busiest racing day of the year. I am knackered! But it’s not the same as being knackered after doing a 12 hour shift in a factory or Hospital, so no moaning here.
First up was Risk in the 3:05 Plumpton. As you will see in my preview video (part 1) I have my money up in the queue at 5.3. It was not taken, except for a few quid. When I got to the live show Risk was trading at 4.3. I cancelled the trade. I have said quiet often, but am happy to repeat myself. We are momentum trading a trend with these trades. If the price drops that far, then swings around so the momentum is against us, when the trade gets taken we are in a bad place. That’s why I cancelled. It goes down as a no trade. Just as it would if it had steamed into 2.1. In fact we had a horse like that last week.

Second up was Riddlestown at Fakenham. We were on at 6. A great start to the month, as it was nicely backed into 4.1 for an ace profit (does anyone say “Ace” these days???) of £44. It won too!
Next was Huntingdons’ 3:40 and Ardmaddy. early doors was 6.8 I closed at 5.1 for a nice £33. So far so good…….

Lady MacDuff in the 4:00 at Redcar was a horse I had high hopes for, I bigged it up this morning. Backed at 8.8 (Did you spot the 10/1 on offer at a couple of bookies?) it actually went as low as 6, before bouncing. There was a non runner with a reduction factor of 3.3% reducing our price to 8.5. I could have got out at 8 but messed it up and ended up closing at scratch.

The last runner was 30 mins later in the 4:30 at Redcar. Morocco. It didn’t really move very far all day. I eneded up closing as it started to drift at 5.6 for a £5 loss.
Overall a good day with a profit of just over £70.

Video Previews – Highs and lows

I think it’s a worthwhile exercise to quickly go back and look at what I said this morning and see what actually happened. This is good practice. I have done this since I started betting seriously. What it does is refines your technique. If you think one thing and something completely different happens you need to go back and put it right so it doesn’t happen again. Of course it’s not a simple as that, but it defiantly helps. If you are doing stuff right. Do it again!

1:40 Hunt: Bee Cee Pee M around 6.4 into 5.5 hit 1.07 in play

2:20 Warwick:  Intense Feeling 2:02 into 1.6 – Won

2:30 Redcar Phoenix Clubs 8.4 – 7 – 3rd – 2.32 in play

2:35 Plumpton: No No Cardinal 6 out to 11 – got it wrong about fav too

2:40 Ubaldo Des Menhines – stayed steady

3:10 Hunt: Honest John drifted badly

3:10 Yarmouth: Cash is King was about the same

3:25 Newcastle: Avanos 9.2 drifted to 16

3:30 Redcar: Go Go Green 4.1 into 2.92 wins

4:15 Fakenham: Snake Charmer 9.2 – 10.5

4:45 Fakenham -Flaming george 4.1 into 2.68  – I did say “forget it the volume is too low” – bugger

5:10 5.10 yarmouth  Sehnsuct  4.6 – 4.2

A bit patchy a few lemons and a few nice moves

Hope you all had a good day : MG

 

Racing Trades / Preview Video & Evening Update 28th March

If you want to see how to get the best out of my trades see HERE

Back2Lays

2:20 Ffos Las: Pension Plan 15/2 for Arbs: 8.4 stop loss 10.

2:40 Wolverhampton: Mazij 4/1: 5.5 stop loss 6.8

3:50 Wolves: Storming 3/1: 4.2 stop loss 5.2

4:10 Ludlow: Ballywatt: 5/1 – 5.8 stop loss 7.2 – Moved down to 5 not matched. Bet cancelled – may bounce and momentum will be against us.

4:55 Wolves: Local Singer 6/1 6.8 stop loss 8.4 – Not matched: Moved to 6.4 stop loss now 8

 

Evening Review:

Well I was concerned about a poor days racing at my 2 least favourite tracks. It ended up one of the best days for the Racing trades.

First up was Pension Plan in the Ffos Las 2:20 A huge move from 8.4 right into 5.3 – It won too. A welcome profit of £55.56.
Next was Mazij at Wolves. This one only managed a couple of ticks right at the end., but a small profit is better than a loss!.

The 3:50 Wolves saw Storming come “storming in” :0 From 4.2 into 2.84 and another big pay day of £45.
The next Trade should have been Ballywatt in the 4:10 at Ludlow. Unfortunately I didn’t get matched on Betfair. Although I did on Betdaq. If you have watched the preview video, you will have seen me cancel the trade as I did not want to catch it on the bounce when the momentum was against me. It went in to 4.7.That’s the way things go. Like I say, I want my trades to be honest and fair. That’s more important than an extra few quid.
The final trade was Local Singer in the 4:55 at Wolves. I did not get matched at the advised 6.8, but I made a call based on the current market and moved my trade down to 6.4. You will see this in the video and the amended post. Apologies if you didn’t get matched.
This was another beauty and went from the 6.4 into 4.3 for another £46.

The daily total reached just over £150 and the total for the month just shy of £500. Not to bad for free!

Here’s a video from earlier. It’s a one horse market. Slow starter but got there in the end,

Racing Trades 27th March & Racing Preview Video – Evening Review

If you want to see how to get the best out of my trades see HERE

Back2Lays

Wetherby 4:30: Rebel Swing: 7/1 for the arbers: 8.6 stop loss 10.5

Southwell 5:30 Al Amaan: 3/1 4.3 stop loss 5.4

Lay2Backs

Southwell 3:35 LAY Hanna Turn @ 1.9 stop loss 1.77

 

Evening Review:

First I’ll rip though the racing trades. Hannahs Turn was a nice drifter went out to around 2.2 before coming in close to the start. I got out easily at 2.14 to make £23 profit.

The first Back Rebel Swing looked unlikely to get matched at one time. But even close to the start 8.6 was availablr. It flirted with that price before moving down a few ticks to make £12.

The 2nd of the backs looked promising, it went in as low as 3.85 before bouncing. I closed for a 2 tick profit as I could see the favourite was being backed in. It made £4.

Overall not too bad, the daily profit was nearly £40.

I think the preview video through up a couple of gems.The 1st one I mentioned Special mix in the 2:20 was a drifter unfortunately, but 10 – 12.5 is not the end of the world. Global Flyer in the 2:50 Weth went from 10 to 7, Neptune Equester was backed as soon as Brian Ellison had winner in the 2:20. It cam e in from 4.2 to as low as 3.45. It drifted back out before the off. But went on to win.

My fancy for Rylee Mooch in the 4:05 Lingfield was well founded. It was backed from 4.9 into 3.8.

If you think the preview videos are worthwhile, and you get something from them, please vote on the poll in the sidebar. If you think I am wasting my time, your vote to say they are not helping you would also be appreciated. The pools are a good way for me to see what my readers want to see from me. Cheers MG

 

Racing Trades & Preview Video 26th March

If you want to see how to get the best out of my trades see HERE

Back2Lays
3:30 Southwell: Rambo Will 4/1 if you want to arb. 5.2 Stop Loss of 6.4

3:40 Fontwell: Peut Etre Sivola 7/1: 7.6 : stop loss at 9.6

4:40 Fontwell: Tchang Goon 7/1: 8.2: Stop loss at 10

Video Preview:

Evening Review:

Racing trades: The first one was a beauty, which was just as well considering what came next. There was a small reduction Factor of 4.5% on Rambo Will, this meant the odds were reduced to 4.87. The late money came and an easy exit of 3.5 was achieved. A nice profit of just short of £40.
The other 2 trades were both looking good after an hour or so, but gambles on other horses later on in both races saw them hit the stop losses. They both ran decent enough races. All 3 runners today were placed. Not that that makes any difference! Miraculously we came out of today with £3 profit. More luck than judgement I think. This month is turning out to be a toughie.

Video Preview:
Here are some of the observations I made this morning. It didn’t go exactly how I thought, but I hope I pointed you in the right direction on these.
2:20 Gabriel the Duke 2.0 into 1.7
2:30 Thereabouts (Luke Morris) 3.8 into 2.9
3:00 Lay Indias Song. 2.35 out to 2.96
3:20: Abhaarth 11- 7.2
3:50 Buy Art 2.62 into 2.02
4:20: Dutch Old Master 4. 7 – 2.49
5:00: Cecily Parsley 9The Hugh Taylor horse – 1.80 to 2.08 in place market

If you pick your way through the waffle there were a few good pointers again.:)
Cheers MG

Racing Trades 21st March

If you want to see how to get the best out of my trades see HERE

Back2Lay

Chepstow 2:10 Oh Suzannah 5/1 for the Arbers otherwise 6.2 stop loss 7.8

Chepstow 4:55 Clear Mix 8/1 8.4 stop loss 10.5 – very tough market. I have some money in queue at 8.4. If I don’t get matched it will be a no bet

As tough a day as I have seen for a while. Uncompetitive races, small fields, lots of odds on chances. Very poor liquidity. I don’t put up bets for fun, they are serious opportunities to take profit. If I don’t see that I will not risk my bank just have have something to do. GL MG

UPDATE: 12:00pm Clear mix is now 7.0. I did not get ch, It goes down as no bet, I have cancelled my order, if the momentum changes we are in trouble anyway.

I have added a preview video of todays racing for those interested. I talk about how I approach each race.

Evening Review

Very poor racing today, we only had 1 bet as I said earlier in my 12:00pm update. Clear mix drifted badly and would have gone to the stop loss. Momentum is everything in these types of trades. If the price moved for us and then changes direction it rarely comes back.

Oh Suzannah looked promising for much of the morning, once the live shows came it was static before drifting a few ticks. It goes down as a loss of £6.We live to fight another day MG