I've literally just started using Bet Angel after having no prior knowledge of trading in the past, I do however play online poker at a serious level so I'm hoping some of the skill set transfers over into trading.
I'm slightly confused at the greening up stage after a trade. I understand it reduces variance and spreads the risk across the board instead of relying on a particular outcome happening but I'm unsure of when you actually green up. Should I be completing all my trades and then green up just before a race starts or should I green up after each trade I've made? Also I've been using the one click screen to green up and it obviously spreads the trade profit across all the runners so do I just simply click any of runners under the trade profit to successfully complete this? I only ask because it doesn't seem to always work so I then have to click the green up icon in the ladder.
I'm sure this is just me being a newb but I really hate not fully understanding something!
Greening up after a trade
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beepbeep20
- Posts: 27
- Joined: Wed Feb 09, 2011 10:05 pm
When you green/red up is up to you (ie. after every trade or just once pre-off). Personally I leave it until just before the off, more from habit than any other reason.
I seem to remember some discussion on hedging/non-hedging & profitability on here, I have a feeling Peter produced a graph for this, but I don't remember clearly what it showed. (maybe someone else can remember where it was posted?)
I always hedge up and I'd guess the majority of people on here do also, but that's only a guess, it would be frustrating to complete some decent trades and then win nothing.
I'd suggest using the left side profit/hedge column of the ladder to green up rather than the button at the top of the ladder or the greening button on the grid. Obviously if you'd traded more than one runner, you'd have to hedge more than once using the left hand column on each runners ladder.
The advantage of using the ladder to green is that you can choose where to put your hedge bet + maximise your winnings: maybe only a tiny %, but would be a few £s over a year.
I seem to remember some discussion on hedging/non-hedging & profitability on here, I have a feeling Peter produced a graph for this, but I don't remember clearly what it showed. (maybe someone else can remember where it was posted?)
I always hedge up and I'd guess the majority of people on here do also, but that's only a guess, it would be frustrating to complete some decent trades and then win nothing.
I'd suggest using the left side profit/hedge column of the ladder to green up rather than the button at the top of the ladder or the greening button on the grid. Obviously if you'd traded more than one runner, you'd have to hedge more than once using the left hand column on each runners ladder.
The advantage of using the ladder to green is that you can choose where to put your hedge bet + maximise your winnings: maybe only a tiny %, but would be a few £s over a year.
I'm still struggling with this a bit. I was under the impression you just clicked one of the trade profit boxes in the one click window to green up and that if you traded more than one horse you'd receive a bet confirmation message for that as well i.e. I traded on 2 horses, when I proceed to green up I receive bet confirmation messages for both of those horses. The problem is that now if I go back to the ladder and press the green icon next to the horse name it then puts on another bet for a tiny amount, in fact I can keep pressing it and other tiny bets are being put on and at that point I'm confused. If I was to press one of the trading profit boxes back in the one click menu nothing would happen so why does it when I press the green button at the top of each ladder?
I've watched several of the trading videos on the Bet Angel YouTube channel and the greening up process looks so simple i.e. Once click of the trade profit box in the one click menu. Has it something to do with practising with min stakes?
I've watched several of the trading videos on the Bet Angel YouTube channel and the greening up process looks so simple i.e. Once click of the trade profit box in the one click menu. Has it something to do with practising with min stakes?
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beepbeep20
- Posts: 27
- Joined: Wed Feb 09, 2011 10:05 pm
The little green button on the ladder hedges only on that particular runner and it would hedge at the current available price. So if that horse is trading @ 3.2/3.25 it would put in a small lay bet @ 3.25 (which would be automatically matched assuming the price doesn't jump in that split second).
The greening buttons on the grid hedges everything in one click, so if you'd traded 1, 2 or 5 runners everything would be hedged in one click. But using the example above, it would put in a small hedging lay bet @ 3.25 and automatically do similar with each runner you've traded.
You must have the 'bet confirmation' turned on in the options so I'd imagine (if you're using the grid greening buttons to hedge) it would ask for a confirmation on each runner you're hedging: 2 runners traded = 2 confirmations pop up (because you'd be placing 2 small hedging lay bets).
So you have three options to hedge/green up: the little green button on the ladder, any of the greening buttons on the grid or the profit column on the ladder.
Personally I find the little green button on the ladder to be the least useful of those, but they all will do the job in a slightly different manner. If you want just to hedge as quickly as possible then the greening button on the grid is the way to go.
The greening buttons on the grid hedges everything in one click, so if you'd traded 1, 2 or 5 runners everything would be hedged in one click. But using the example above, it would put in a small hedging lay bet @ 3.25 and automatically do similar with each runner you've traded.
You must have the 'bet confirmation' turned on in the options so I'd imagine (if you're using the grid greening buttons to hedge) it would ask for a confirmation on each runner you're hedging: 2 runners traded = 2 confirmations pop up (because you'd be placing 2 small hedging lay bets).
So you have three options to hedge/green up: the little green button on the ladder, any of the greening buttons on the grid or the profit column on the ladder.
Personally I find the little green button on the ladder to be the least useful of those, but they all will do the job in a slightly different manner. If you want just to hedge as quickly as possible then the greening button on the grid is the way to go.