Laying a Drifting Horse

[grantmona03]

hello guys!
I'm new to all this and I find it really hard to get my head round all this but I have tried a few different things on the automation side of bet angel.
what I am trying to mess around with now is trying to set it up where I can place a lay bet on a horse in play that has drifted out from its original start price to something like 11.5
is this even possible?? and I only 1 to do this once in a race.
any feed back would be great
thanks

[Dallas]

hello guys!
I'm new to all this and I find it really hard to get my head round all this but I have tried a few different things on the automation side of bet angel.
what I am trying to mess around with now is trying to set it up where I can place a lay bet on a horse in play that has drifted out from its original start price to something like 11.5
is this even possible?? and I only 1 to do this once in a race.
any feed back would be great
thanks

Yes its possible, see this thread for details how to set up a lay bet higher than the current price
http://www.betangel.com/forum/viewtopic ... 47&t=11621

[grantmona03]

thank you.
do you have any advice at all I started Friday deposited 300 and I was just scalping 2ticks at a time but I was letting some of them run in play to get my scalps ended up in profit by 750pound. next day not so good lost most my profit one of my scalps I layed a horse but let it run in play and the price never went out so I lost 300 in 1 hit. just trying to find something that will work.
any advice I would be greatful

[grantmona03]

I cant find it on that link you gave....

[Dallas]

thank you.
do you have any advice at all I started Friday deposited 300 and I was just scalping 2ticks at a time but I was letting some of them run in play to get my scalps ended up in profit by 750pound. next day not so good lost most my profit one of my scalps I layed a horse but let it run in play and the price never went out so I lost 300 in 1 hit. just trying to find something that will work.
any advice I would be greatful

The number 1 rule is NEVER let a pre race trade go in-play, luckily you discovered this sooner rather than later when it would of been a lot worse.

The best advise is to use this forum, there is some very good threads covering most aspects of trading including plenty in the newbie section with these sorts of questions with a lot of very good and detailed replies so it'll be worth reading as many of them as you can find and what can't be found you can always start a thread and ask.
When not reading forum posts make sure to watch the videos available on the Bet Angel YT channel
https://www.youtube.com/user/betangeltv/videos

[Dallas]

I cant find it on that link you gave....

It the only post of the thread

[grantmona03]

many thanks again dallas

[Bluesky]

just trying to find something that will work.
any advice I would be greatful

Trading horse racing is tough, for the few that succeed it usually takes a long time. If you don't want to lose your £300 in the next week or two I would suggest you drastically reduce your stakes. Don't try and make lots of money to begin with, try instead to learn how the markets work, and make sure you don't go in play.

Have a look at the many horse race trading videos on youtube, and as Dallas says there are loads of threads on this forum that should give you some ideas. Learning to trade is not a get rich quick scheme, most people who try fail, it takes a lot of time on effort. If you read through some of the posts on this forum you will see how much work people have put in to become successful.

[iambic_pentameter]

My advice would be to use £2 stakes to start with and you can do that with a £20 trading bank.

Don't worry about making money in the short-term; you priority is to protect your bank.

In terms of laying horses, as you will have already found out, it can be a very expensive hobby if it goes base over apex.

If laying is something you want to explore, I would suggest that you do the following:

1) Study the form - how has the horse run previously / is it up or down in class / what other horse in the race can it beat or be beaten by.

2) Watch videos of horses you may wish to lay in running - that way you can get a feel for how it has travelled previously.

3) Lay at the lowest price possible - this means less liability.

4) Read any posts written by Dallas if you want to anything about automation!

Best of luck

Iambic

[welshboy06]

just trying to find something that will work.
any advice I would be greatful

Trading horse racing is tough, for the few that succeed it usually takes a long time. If you don't want to lose your £300 in the next week or two I would suggest you drastically reduce your stakes. Don't try and make lots of money to begin with, try instead to learn how the markets work, and make sure you don't go in play.

Have a look at the many horse race trading videos on youtube, and as Dallas says there are loads of threads on this forum that should give you some ideas. Learning to trade is not a get rich quick scheme, most people who try fail, it takes a lot of time on effort. If you read through some of the posts on this forum you will see how much work people have put in to become successful.

I feel like things are slowly starting to come together and I'm still enjoying watching people's videos on YouTube. Do you have any recommendations? I've seen a large chunk of Peters videos, as well as Caan Berry and also Mugsgame.
I mainly enjoy watching them to learn how the markets are movino and I 'paper trade' the..

[grantmona03]

thanks for the advice guys.....I tried using the automation set it up to put a back bet in when a horse reaches 1.30 or less In play and I found the hard way that wasn't successful either. now I want to try laying a horse that has started around single figures before the off but goes out to about 11.5 or greater in play then get that lay bet in? is that a rubbish idea or worth is it worth a go. I will try smaller stakes from now on though.
scalping really annoys me in my mind its still gambling as you need to know/guess what way the market is going to go.

[Bluesky]

Do you have any recommendations? I've seen a large chunk of Peters videos, as well as somebody else and also Mugsgame.
I mainly enjoy watching them to learn how the markets are movino and I 'paper trade' the..

Peter's and Mugsgames are excellent, I have watched them more than anyone else's. Some people like Cann Berrys' but the couple I watched had part of the video pixelated over which really annoyed me. I'm sure he knows his stuff and I guess he doesn't want to give away information for free that he charges for on his dvd course, but it just wound me up and I haven't looked at any others he has on there.