Betfair scalping for beginners
- Gravesen33
- Posts: 44
- Joined: Mon Jun 07, 2021 5:48 pm
Hi All,
Is there any way to put a rule or condition which will KEEP only fill or kill UNMATCHED BETS and will clear the rest of unmatched bets after the race is off?
Thank you
Is there any way to put a rule or condition which will KEEP only fill or kill UNMATCHED BETS and will clear the rest of unmatched bets after the race is off?
Thank you
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- Posts: 2
- Joined: Wed Jul 28, 2021 4:40 pm
Hi, Im using the free trial at the moment and trying to create my own scalping bot.
I couldn’t see a way to place my back bet to match whatever was the lowest atl at that time.
Is this possible?
Thanks
Phil
I couldn’t see a way to place my back bet to match whatever was the lowest atl at that time.
Is this possible?
Thanks
Phil
Not sure what you mean by 'match lowest atl at the time'?Alboumphoto wrote: ↑Wed Jul 28, 2021 4:47 pmHi, Im using the free trial at the moment and trying to create my own scalping bot.
I couldn’t see a way to place my back bet to match whatever was the lowest atl at that time.
Is this possible?
Thanks
Phil
Can you give some further details of what you want to do?
There might even be a ready-made rules file you can download from the shared files section that does or is very close to what you want
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- Posts: 2
- Joined: Wed Jul 28, 2021 4:40 pm
Say the best available to lay price was 1.6. I would like to place my back bet to match that 1.6 and then scalp once that has been matched.
If you place your lay bet anywhere below the current price Betfair will always match you at the best available price,Alboumphoto wrote: ↑Wed Jul 28, 2021 8:52 pmSay the best available to lay price was 1.6. I would like to place my back bet to match that 1.6 and then scalp once that has been matched.
If you enable global settings can then be used to place an offset bet (with or without greening)
https://www.betangel.com/user-guide/bet ... tings.html
If you want to use automation you can configure the lay bet to be placed at 'best market price'
there are also several ready-made scalping files in the pre-off racing area for a variety of situations which you could download and use as a starting point
viewforum.php?f=53
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- Posts: 4
- Joined: Fri Mar 11, 2022 3:16 pm
Hey new this and im currently trying to scalp on the tennis and 2.5 markets. I basically want to get in and out with 1 tick with a huge stake of about £1000 to lock in a profit. is there any other markets you would recommend that would be good for this?
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Cricket? btw £1000 isn't "huge".mcgillsbets wrote: ↑Fri Mar 11, 2022 4:15 pmHey new this and im currently trying to scalp on the tennis and 2.5 markets. I basically want to get in and out with 1 tick with a huge stake of about £1000 to lock in a profit. is there any other markets you would recommend that would be good for this?
But if you're new and having to ask a basic question like that I'd question whether you ought to be on £1k stakes.
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- Posts: 4
- Joined: Fri Mar 11, 2022 3:16 pm
for starting out for me its huge, risking putting £1000 on each time is scary lol. I come from never gambling to doing some match betting and now trying the trading. I was very confident until the other night when Chelsea scored in a game in the first 2 minutes before the market let me out and i lost £400. But i like the idea of just getting in and out as quick as possible.
But im open to any advice that people have, including a good way to minimise that kind of risk?
But im open to any advice that people have, including a good way to minimise that kind of risk?
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Trading is nothing like MB. You WILL lose as often as 50% of the time, unlike MB where you have no risk and can lump on. And it's going to take you at least 6months or a year to find any sort of consistency so ffs stop using stupidly big stakes and see if you can turn £5 into £10 first or you won't last long enough to learn.mcgillsbets wrote: ↑Sat Mar 12, 2022 2:57 pmfor starting out for me its huge, risking putting £1000 on each time is scary lol. I come from never gambling to doing some match betting and now trying the trading. I was very confident until the other night when Chelsea scored in a game in the first 2 minutes before the market let me out and i lost £400. But i like the idea of just getting in and out as quick as possible.
But im open to any advice that people have, including a good way to minimise that kind of risk?
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- Posts: 4
- Joined: Fri Mar 11, 2022 3:16 pm
I didn't say it was like matched betting, I just meant I've progressed from wanting to do the match betting to wanting to try trading. But from the vibes I get on here its maybe not worth doing. My overall hope was to try and make £50 a day is that a realistic target for someone starting out?
Not really, losing £50 a day would be a more realistic target for someone starting out. No point setting any targets since you can't force opportunities. But very basic scalping is a good intro into trading, many of us started like this.mcgillsbets wrote: ↑Sun Mar 13, 2022 9:55 amMy overall hope was to try and make £50 a day is that a realistic target for someone starting out?
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
I know that you didn't say it was like matched betting, i was just saying that matched betting experience isn't relevant so you should start on £2 not £1000mcgillsbets wrote: ↑Sun Mar 13, 2022 9:55 amI didn't say it was like matched betting.
My overall hope was to try and make £50 a day is that a realistic target for someone starting out?
As Kai said the initial aim is to just not lose money, but once people reach a tipping point then 5, 6 or even 7 figures is possible. But trading isn't just a job you can make money on from day 1 like flipping burgers, it's a fiercely competitive area, with small markets, and many people who've been doing it as a career for over a decade. If you want to take money from people you need to be better than they are.... And FYI, only approx 5% of people who try actually get to break even.