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