Hello everyone,
I’m a total newbie just started trading a few days ago and I’m still struggling with the very basics of trading. I’ve been watching Bet Angel videos for a few weeks now, but I’m still having a hard time figuring out how to do what I want. There are so many features and possibilities that the more I watch, the more confused I get. Honestly, it’s starting to melt my brain!
So I kindly ask for your patience and understanding. I believe that if someone could just explain things to me clearly, maybe it will finally click.
What I’m trying to do is treat every trade like an even-chance bet, because I like that approach. For example, I want to risk 1€ on a trade, and if the market swings in my favour enough to make another 1€, I want to exit and take the profit. If not, I’m happy to take the 1€ loss. But also what if I want to aim for a profit of 2€ or more in that case, how should I set that up? Should I be aiming at higher odds for that, or is there another way to approach it? Let me try and give an example.
Ideally, I would like to stick to the main Asian handicap markets in any sport, so odds of around 2.0. For example, in an even-chance football match, it could be 2:0 at half-time and finish 2:2 so I want to be able to profit from that initial swing, even if the final outcome changes later.
I’m not sure if all that makes sense, but please forgive my ignorance and thank you again for taking the time to read this!
Kind regards
Flatino
Even chance
I’m trying to find the right approach here.
I’ve found an interesting way of betting where I've been placing bets on both sides of the same market at odds of 3.00 for example. ( It can be 4 or higher.) Maybe I was basically doing dutching even though I didnt know it was called like that>
The outcomes are mutually exclusive, and fore example of playing odds of 3.0 together they give a 55.56 percent chance that one of them will win when placed at the same time.
When one side wins, the other loses, but the overall result is a gain of 1 unit.
It’s quite satisfying when you don’t care who drives the odds through the roof at any point, as long as someone does, and this happens quite often.
In fact, many times when I lost both bets (which happens 44.44 percent of the time), I was so close to winning but odds again slightly shifted back at the end. If only I had a way of locking in the profit. With Bet Angel, that should be possible.
I think I’m struggling to formulate a proper approach using Bet Angel, but I see potential in creating a similar situation where I can take profit earlier.
However, I’m not sure how to set that up with Bet Angel and all the possible functions are confusing me. Even though Peter explained it in theory, I don’t have an example to understand what some things mean on their own.
Again, I know this is lack of understanding very basic things... I’m still unsure whether I should aim to back or lay the odds, since we have those options for each bet. That’s what's confusing my already slow brain.
I’ve found an interesting way of betting where I've been placing bets on both sides of the same market at odds of 3.00 for example. ( It can be 4 or higher.) Maybe I was basically doing dutching even though I didnt know it was called like that>
The outcomes are mutually exclusive, and fore example of playing odds of 3.0 together they give a 55.56 percent chance that one of them will win when placed at the same time.
When one side wins, the other loses, but the overall result is a gain of 1 unit.
It’s quite satisfying when you don’t care who drives the odds through the roof at any point, as long as someone does, and this happens quite often.
In fact, many times when I lost both bets (which happens 44.44 percent of the time), I was so close to winning but odds again slightly shifted back at the end. If only I had a way of locking in the profit. With Bet Angel, that should be possible.
I think I’m struggling to formulate a proper approach using Bet Angel, but I see potential in creating a similar situation where I can take profit earlier.
However, I’m not sure how to set that up with Bet Angel and all the possible functions are confusing me. Even though Peter explained it in theory, I don’t have an example to understand what some things mean on their own.
Again, I know this is lack of understanding very basic things... I’m still unsure whether I should aim to back or lay the odds, since we have those options for each bet. That’s what's confusing my already slow brain.
I think you need to trade with real money for 12 months and then come back with such questions if they still persist.
You are hoping to become an 'expert trader' in one week. It requires patience and persistence - as yet, you have given it neither.
You are hoping to become an 'expert trader' in one week. It requires patience and persistence - as yet, you have given it neither.
Just a quick update and a big thank you. I know my first post may have been unclear and probably confused some people, but that was only because I hadn’t yet grasped the full potential of Bet Angel. Now that I understand it better, I can honestly say this software is absolutely brilliant. The work Mr. Webb and his team have put into it is truly outstanding — beyond words. I’m genuinely grateful for the effort and vision that made this possible.
What I actually wanted to say in the beginning is that I enjoy placing bets that pay out similar to even chances, but with a little twist. I play both sides of the same match, meaning I back both teams. If either side matches, I make a profit of 2 units, and if neither comes through, I lose 2 units. In essence, it works out the same as an even chance bet.
Of course, since I’m playing both sides at the same time, there’s a trade-off: almost certainly one side is going to lose, even if I win on that match. To compensate for that and maintain an even chance scenario, I need to play higher odds, around 4.0 or more. But here’s the pure brilliance: with Bet Angel, you don’t have to wait for the end of a match. You can simply play odds of 4.0 and above, and use the offset with greening — offset by 75%, which is giving you odds of exactly 4 on any odds you play above that. It can’t get more genius than that. As odds often make huge swings during the game, many times a bet that would eventually lose with those odds at the end of the match is actually winning at some point during the game. But with Bet Angel, my profit is locked in immediately, and I don’t care anymore what happens until the end — how cool is that? That’s why I say the strike rate is higher than what the mathematics alone would suggest. This way, you’re effectively increasing your strike rate compared to just betting on the outcome of an event at the same odds and waiting for the end of a match.
Sometimes, I also play a version with an offset of 66.7%, which is equivalent to odds of 3.0 — or 1.5 as a single bet. I actually enjoy watching the match completely worry-free, because I don’t care who wins, and one thing is for sure: one side will always pull ahead more at some point, sooner or later.
Would be happy to hear your thoughts on this. Cheers
What I actually wanted to say in the beginning is that I enjoy placing bets that pay out similar to even chances, but with a little twist. I play both sides of the same match, meaning I back both teams. If either side matches, I make a profit of 2 units, and if neither comes through, I lose 2 units. In essence, it works out the same as an even chance bet.
Of course, since I’m playing both sides at the same time, there’s a trade-off: almost certainly one side is going to lose, even if I win on that match. To compensate for that and maintain an even chance scenario, I need to play higher odds, around 4.0 or more. But here’s the pure brilliance: with Bet Angel, you don’t have to wait for the end of a match. You can simply play odds of 4.0 and above, and use the offset with greening — offset by 75%, which is giving you odds of exactly 4 on any odds you play above that. It can’t get more genius than that. As odds often make huge swings during the game, many times a bet that would eventually lose with those odds at the end of the match is actually winning at some point during the game. But with Bet Angel, my profit is locked in immediately, and I don’t care anymore what happens until the end — how cool is that? That’s why I say the strike rate is higher than what the mathematics alone would suggest. This way, you’re effectively increasing your strike rate compared to just betting on the outcome of an event at the same odds and waiting for the end of a match.
Sometimes, I also play a version with an offset of 66.7%, which is equivalent to odds of 3.0 — or 1.5 as a single bet. I actually enjoy watching the match completely worry-free, because I don’t care who wins, and one thing is for sure: one side will always pull ahead more at some point, sooner or later.
Would be happy to hear your thoughts on this. Cheers
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sionascaig
- Posts: 1651
- Joined: Fri Nov 20, 2015 9:38 am
If you haven't yet had a play around with soccer mystic may be worth of go. Some good videos on this & how to use it.
Look at a big fav v's underdog & two evenly matched teams. Stick in say a goal for the underdog and see how it impacts odds v's big fav scoring 1st. (home v;s away etc).. Probably also worth doing this over a range of market goal expectations as well (low scoring games v's high scoring games).
May help you target specific game types..