Welcome newbies!

[Timstertoo]

If you're new at trading in general or want to give another sport/discipline a go this is your section!

Here there are no stupid questions, just stupid answers. So don't feel emberrassed to ask anything, I'm sure you'll get a good answer quick from our more experienced users.

Once the questions start and answers start accumalating I'll make a sticky FAQ at the top of this page so we'll have a great knowledgebase for any beginner to get stuck in and get up to speed fast.

[Boots]

Hi, a couple of quick questions.

I have started to use the grid interface with the advanced betting options for the left/right click set to back/lay.

a) If I fire a bet onto the right hand side it is initially unmatched. Is there a quick way to cancel this bet using the grid?

b) Is there a way of putting a bet into the market which is 1 tick less than the price I click on.

For example 3 amounts are waiting to be matched at say 10, 24 and 80. Using the grid I click on 80 but would actually like that bet go in at 75, therefore going infront of the monies waiting at 80.

Not sure if I have explained this very well, but any help would be appreciated.

Thanks

Martin

[The Geek]

a) If I fire a bet onto the right hand side it is initially unmatched. Is there a quick way to cancel this bet using the grid?

b) Is there a way of putting a bet into the market which is 1 tick less than the price I click on.

a) Not currently. Although you can float the Unmatched bets window.

b) No. Why don't you use the ladder instead? Much easier.

[Boots]

Thanks for the swift reply.

I like the idea of the floating unmatched window, that will help thanks, although I would have preferred a cancel all unmatched bets option as well.

I have tried the ladder briefly, but it is mainly for in running and I much prefer the grid layout. It seems harder to place bets on the ladder, especially for bigger prices when prices fluctuate quickly.

Cheers

Martin

[The Geek]

Right click on the unamtched bets header & there is a menu option to cancel all the bets.

[jojo85]

quick question about the grid and ladders on betfair. They sometimes seem to provide conflicting info on (especially) lay stakes and amount available. I attached a picture. Can anyone explain?

Much thanks in advance!

[rockaren]

quick question about the grid and ladders on betfair. They sometimes seem to provide conflicting info on (especially) lay stakes and amount available. I attached a picture. Can anyone explain?

Much thanks in advance!

have a look at this thread, maybe it helps


http://www.geekstoy.com/forum/showth...cross+matching

http://www.geekstoy.com/forum/showth...cross+matching

[jojo85]

ah cheers, it's all clear now.

[builder1]

Hi

Looks like good forum here. I just got told about the toy. I downloaded but have not registered yet to use it. Is this software similar to betdevil. And now that I have it, how can I learn to use the toy?

How is everyone doing with it so far?

Thanks

[nigelbleddfa]

Hi

Looks like good forum here. I just got told about the toy. I downloaded but have not registered yet to use it. Is this software similar to betdevil. And now that I have it, how can I learn to use the toy?

How is everyone doing with it so far?

Thanks

I seem to be coping quite nicely. The software is similar to BetDevil in many ways but is much quicker in placing bets.

Read the manual. It can be found by clicking on the little question mark on the information bar.

[DeezNutz]

I just checked the Youtube introduction videos and i 've played around with Geekstoy myself. When i enter a stake i have to enter it manually, then confirm it. Then when i want to hedge it for a profit i have to calculate it with the backandlay tool, enter it and confirm it. Obviously that all takes some time.

Now i see videos in the support section. People just clicking away and no confirming just doing their thing. Is that a different form of trading, and how do i set the Geekstoy to enter a stake without confirming?

[Quo]

I just checked the Youtube introduction videos and i 've played around with Geekstoy myself. When i enter a stake i have to enter it manually, then confirm it. Then when i want to hedge it for a profit i have to calculate it with the backandlay tool, enter it and confirm it. Obviously that all takes some time.

Now i see videos in the support section. People just clicking away and no confirming just doing their thing. Is that a different form of trading, and how do i set the Geekstoy to enter a stake without confirming?

Hello and DeezNutz!

To stop the 'confirm bet' popping up, right click the blue title bar of The Toy and click 'confirm bets' so it's greyed out. This should do the job.

TT has so much options and esp. customisations to suit your 'almost' every need.

I know it's a lot to ask, but try to go through the different PDF manuals for every section, where there is a '?', click it and read it, so you see the possibilities, and when you're happy with your setup, save it. So you have the best suited layout for every event you trade at a mouseclick

[DeezNutz]

Hey thanks for the welcome and response. I really like the atmosphere on this forum and hope i can contribute soon.

[Intoxicating]

Have to agree with the guy above I really like the atmosphere here I've been reading threads for a while and everyone seems so genuine not trying to do each other over or sell rubbish system to each other, its a fresh change to norm betting forums.

[laundryman]

Have to agree with the guy above I really like the atmosphere here I've been reading threads for a while and everyone seems so genuine not trying to do each other over or sell rubbish system to each other, its a fresh change to norm betting forums.

I agree. Nice forum, nice Toy. As a recent recruit I wonder if your more experienced members could advise me if it is worth attending the upcoming Betfair Trading Seminars. Appear to be gratis, so thats good, just wonder if there is anything to be learned.
Also, do you think it is possible long term to make money by laying short priced horses, or is it always best to trade. I have tried laying, but whilst not losing any money, I always seem to be treading water, rather than making a profit. Any views would be appreciated.

[thebarron]

If you're new at trading in general or want to give another sport/discipline a go this is your section!

Here there are no stupid questions, just stupid answers. So don't feel emberrassed to ask anything, I'm sure you'll get a good answer quick from our more experienced users.

Once the questions start and answers start accumalating I'll make a sticky FAQ at the top of this page so we'll have a great knowledgebase for any beginner to get stuck in and get up to speed fast.

hi, newbie needs a little advice, when you place a trade and it spikes
straight away, the wrong way (as usuall) and keeps on going!!!!!!!!
what is your responce? go in running? take a big loss?
just found t.t, and it's the best thing since sliced bread, i'm gobsmacked
with it. but with no stop loss i need best advice.
hit three spikes today, and took 2 losses and 1 big loss in running.
many thanks in advance.

p.s the geeks posting (the 5 stages to betfair trading) brilliant,

(just because your not paranoid, doesn't mean there not out to get you)

[kawasaki]

it depends how you are trading. as example if you scalp horses pre race, you close as soon as you see trade gone wrong way. if you swing trade, you maybe can a bit wait and see maybe this was just temporary move and trade can go right way again. if you analyse horse before trade, and approximately know how horse can behave inruning, you may leave wrong trade for some time inruning, it all depends on your style of trading, you should make at least approximate account how much trades you do wrong and how much you would lose if you let them run. i mean, as example, if you are scalping, if trade goes right, you earn one, two, three ticks, if trade goes wrong and you leave it in hope for coming back, you loose maybe 20 ticks or even half bank, so maybe better idea close wrong trades as far as you close right ones, close at one, two or three ticks them too

[thebarron]

it depends how you are trading. as example if you scalp horses pre race, you close as soon as you see trade gone wrong way. if you swing trade, you maybe can a bit wait and see maybe this was just temporary move and trade can go right way again. if you analyse horse before trade, and approximately know how horse can behave inruning, you may leave wrong trade for some time inruning, it all depends on your style of trading, you should make at least approximate account how much trades you do wrong and how much you would lose if you let them run. i mean, as example, if you are scalping, if trade goes right, you earn one, two, three ticks, if trade goes wrong and you leave it in hope for coming back, you loose maybe 20 ticks or even half bank, so maybe better idea close wrong trades as far as you close right ones, close at one, two or three ticks them too

yes pre-race scalping, when it spikes 5-6- or 7 ticks and does not come back,
just keeps on going, while you are thinking of taking the loss it has gone further, am i at fault for trading the wrong horse? or does anybody else
have this problem? if so what is best advice.

(just because your not paranoid, doesn't mean there not out to get you)

[kawasaki]

... what you mean? if you scalp, you close as fast as you can, why wait for 7 ticks gone wrong?

[thebarron]

... what you mean? if you scalp, you close as fast as you can, why wait for 7 ticks gone wrong?

sorry i must have explained it wrong, i am talking about when it spikes
6 or 7 ticks straight away, you can't get out before it's jumped, it's jumped
and doesn't come back?