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.
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
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