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The 5 Stages To Betfair Trading

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  • #46
    The situation is that these prices change extremely fast in-play and there is a delay of a couple of seconds before your order hits the market. So were the first two favs to fall your hedge won't get filled as the price will be back in to 20 or whatever. The other issue is you can only bet what the market can stand.

    In theory you are correct but the practise is a little different I believe. It's tricky because the people at the track are many seconds ahead and what with the Betfair delay that 50 may be long gone when your hedge goes in.

    Best to have a dabble with small stakes, I've certainly been taught a few harsh lessons from in-play, have had my a few times . If you accept that everything can and will go wrong that is a good starting point.

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    • #47
      It's when you get an illogical feeling to pull an order that you have sitting on the ladder which you do then seconds later, the market spikes against what would have been your position, that you're either stage 5 or had at least better start running from the Spanish Inquisition.

      http://www.youtube.com/watch?v=Tym0MObFpTI

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      • #48
        Liquidity is the key / finding the greater fool

        @Jambolino,

        The problem with your theory is you need someone to take the back bet at 50. By the time the price goes to up 50, everyone pulls their money off the table for that particular horse, this is called lack of liquidity to get your hedge at 50. There is no guarantee someone will be there to match your bet (greater fool).

        All you can do in this situation is hope your lay works out or you place a stop in the more liquid areas. This is where the use of the ladder is key so you can see where the liquidity is. Once again use the Back/Lay monies you see as rough orders of magnitude because bettors/bots are placng and removing orders all the time. Plus in the impacted areas you may have to wait in line and the price could move before its your turn to get matched.

        In play is very fast moving and not for the faint of heart. Try it out on demo to see how your theory works. And use the 100 bets rule. Make at least 100 bets and see if you end up with a profit or a loss.

        KR,

        JJ

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        • #49
          Ye I get what your saying

          Lost a fiver at kempton today, layed the horse and it must of taken some speed mid race!! Came from the back and won! My get out quick bet didn't get matched quick enough and it got suspended!

          You live and learn right?

          Also... Why is ther a delay when it's in play? Is this a feature of the toy or is it just a betfair feature? Anyway to stop or reduce it?

          Thanks again for everyone's help and advice... Gradually learning

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          • #50
            Next time use betfair training mode

            @Jambolino,

            I am not technically astute to provide even a reasonable answer about response and speed. I know it is very complex and there is possibly information on this and other forums and more than likely you may need to pay betfair for the priveledge.

            Re: Your loss of a fiver.

            Please use the betfair training mode by logging out and restarting the Toy. Just below the password field is a drop down box. This is where you can select betfair training mode or betfair live account mode. Use the same username and password in training as you do in live. This way you can keep your money and try to sharpen your strategy in training mode. I actually learned the liquidity issue by using the training mode.


            I hope this helps you.

            KR,

            JJ

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            • #51
              The bet delay is Betfair's, it is an attempt to reduce the advantage of guys at the track.

              AGT software is reputed to be the fastest around, the reason for the non match of your bet is because of the delay in the pictures and the fact these horses are moving rather fast.

              The second half of a race in-play is highly dangerous if you don't have expert knowledge of some kind.

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              • #52
                The info is from Jared Tendler who is a sports psychologist, I have his Mental game of poker book and the exact same is in there but obvously this has been altered for trading. Very good book to help you deal with the mental side of gambling.

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                • #53
                  How many who were at stage 1,2 or 3 when this thread came out are still here and would class themselves at stage 6?

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                  • #54
                    I am :-)

                    Marky Sparky

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                    • #55
                      Originally posted by inandout View Post
                      How many who were at stage 1,2 or 3 when this thread came out are still here and would class themselves at stage 6?
                      What is stage 6?

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                      • #56
                        i know this is an old post, but i hv just joined and im happy i landed on this forum. The Geek was point on.

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                        • #57
                          What is stage 6?


                          Now working for betfair and paying 60% premium charge

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                          • #58
                            now giving up after 2 years and my 4th bank loss had enough sticking to my £5 accas at the bookies

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                            • #59
                              Step 10. Man never stops to see patterns where there are none.

                              All those steps are correct, not at trading however because there is neither patterns or skill.

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                              • #60
                                Originally posted by waccoe75 View Post
                                now giving up after 2 years and my 4th bank loss had enough sticking to my £5 accas at the bookies
                                Do that, or get intellectual aids and get bitchslapped by reality when it comes.. Or end up as a fanboy to a scamartist who of some reason need to sell there program, even if its the perfect way to wealth.
                                People on this community seriously thinks they are getting edge from coinflipping and calling science for retarded based on one example. God the working class, you guys should really been awake in school.

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