Hello everyone,
I joined the forum today, as I have a question/issue.
I downloaded the trial of Betangel about 10 days ago, and started testing an idea I had. As I was clicking away in test mode, I had 15 wins and a small loss, similar happened the next day. After a few days I started trading for real, just £2 stakes to see if my idea would work with real money, and it did.
After about a week I analysed everything, and have a 95%+ success rate, IE: 95% of the trades ended with a profit. 100 horse races, 95%+ wins, etc. and with an average daily profit t the betting bank of around 25%.
I now trade with a £500 bank. I wasn't getting carried away, as I have been in business for years and know that not everything is as always as it seems, and any testing needs to be done over a decent period of time.
Anyway, I won't bore you with all the details, so my situation is as follows:
I was trading today, and actually won 14 trades on the trot, from 14 races, but then when I looked at Betfair, one of the wins shown up as a loss, when I KNOW that Betangel shown it as a green win (about £5-ish win), as it was the only trade I entered after my tea tonight, so checked it on the profit and loss straight away.
So how could Betangel show the trade as a definite win, but Betfair has registered it as a loss. And when I say loss, a full stake loss, so wiped out the days profits.
Does Betangel make such mistakes?
Thanks.
Betangel Stated a Profit - Betfair disagreed !!
No, everything is in play.
I will take a look at the log, although I have closed Betangel now, so not sure it will still be there.
Basically Betfair in the details on their website is saying I layed higher than I placed the backbet, which just didn't happen. I know I didn't, why would I do that.
I placed the back bet, which was taken immediately, then placed then clicked the green profit selection (about £5) lower down the odds, which was taken within 30 seconds or so, and Betangel shown that I had made that profit.
The race, ended, and Betangel shown a profit of around £5, then onto the next race.
Only when I checked the profit and loss, I seem it as a loss - a full stake loss.
I will take a look at the log, although I have closed Betangel now, so not sure it will still be there.
Basically Betfair in the details on their website is saying I layed higher than I placed the backbet, which just didn't happen. I know I didn't, why would I do that.
I placed the back bet, which was taken immediately, then placed then clicked the green profit selection (about £5) lower down the odds, which was taken within 30 seconds or so, and Betangel shown that I had made that profit.
The race, ended, and Betangel shown a profit of around £5, then onto the next race.
Only when I checked the profit and loss, I seem it as a loss - a full stake loss.
if you have not saved it, it is gone.StevenUK wrote:No, everything is in play.
I will take a look at the log, although I have closed Betangel now, so not sure it will still be there.
there is a delay in play, it is possable that once you hit the button to lay(or back for that matter), the price could have gone way past your position resulting in you taking a bad price.StevenUK wrote:StevenUK wrote:
Basically Betfair in the details on their website is saying I layed higher than I placed the backbet, which just didn't happen. I know I didn't, why would I do that.
I placed the back bet, which was taken immediately, then placed the lay bet lower down the odds, which was taken within 30 seconds or so.
are you sure that it was green across all runners and not just the one you was trading?
also greening up with a delay in a market where prices are flying all over the place can give you a loss also.
If I am honest I cannot be 100% sure, as I am still learning (hence I didn't even know there was a log) but I do know the figure at the top next to the green up button was green profit, as was the horse I traded, the fav.
Since last week I must have made 300/400 trades, and this has happened twice, both times had me baffled, as both trades were taken, and profits were shown the same as the other trades that won.
Surely if Betangel states that the trade has been taken, thereby showing the profit, then that is gospel?
Or am I wrong, and the software is not 100% accurate? I am not being derogatory to Betangel, but I would rather know now if there 'could' be discrepancies, because if that is true, then when we are dealing with big money, when scaling up testing, that would dent my faith in trading this way, no matter what the strike rate.
If I spend 4 hours at my PC, as I did today, win trade after trade, only to find I have in fact broken even, when the screen tells me otherwise, something is wrong.
This game is hard enough as it is, we all know that, so I just want to be sure, that in your opinion/s the software has always been accurate?
Thank you.
Since last week I must have made 300/400 trades, and this has happened twice, both times had me baffled, as both trades were taken, and profits were shown the same as the other trades that won.
Surely if Betangel states that the trade has been taken, thereby showing the profit, then that is gospel?
Or am I wrong, and the software is not 100% accurate? I am not being derogatory to Betangel, but I would rather know now if there 'could' be discrepancies, because if that is true, then when we are dealing with big money, when scaling up testing, that would dent my faith in trading this way, no matter what the strike rate.
If I spend 4 hours at my PC, as I did today, win trade after trade, only to find I have in fact broken even, when the screen tells me otherwise, something is wrong.
This game is hard enough as it is, we all know that, so I just want to be sure, that in your opinion/s the software has always been accurate?
Thank you.
Hi James, I did that, and it just does not make sense, because it is almost like Betfair said I did something I didn't.James1st wrote:Steven, Why don't you just log into the Betfair website and look at your P/L, All the details of your transactions are there including times etc (same as the BA log).
This is the bet in question, from my Befair account:
---------------------------------------
Horse Racing > Wolv 28th Mar : 6f Hcap Showing 1 - 2 of 2 Selections
Selection Odds Stake(£) Bid type Placed Profit/loss(£)
Cadmium Loch * 6.88 153.25 Back 900.60
Cadmium Loch * 6.94 157.94 Lay -938.87
*Average odds: On Off
Market subtotal: -38.27
Commission : 0.00
Net Market Total: -38.27
----------------------------------------
I simply did not lay higher than I placed the backbet. If I had, then betangel would have shown me a negative situation, and I would have applied damage limitation immediately.
It just does not make sense. I place a back bet higher in the odds, and lay lower down in a positive green position, and make a profit, the same as I have done hundreds of times, but Betfair decided it does not agree, which wiped my day's profits out.
Very confusing, and frustrating at not knowing exactly what happened. I cannot move forward until I know why this happened, otherwise it could happen when my stakes are £1,000+.
I guess you simply forgot one stake in the market or accidentally clicked somewhere. And it got mached in the last moment.
It's better to check betHistory from bf site not P&L statement.
It's better to check betHistory from bf site not P&L statement.
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That's exactly what I was thinking: an outstanding trade that because it was not matched until the end rendered Betangel show a green profit.
I do some scalping (which is what you guys call it) before the actual off, then make my main trade in play, so, how exactly will I know I have not exited all my trades, because by the two trades this has happened with, I simply cannot see any live trades when Betangel shows me I have profited.
By that I mean, from top to bottom of the ladder is green, but somewhere there is still a trade,
How would I know, and how to make sure there are no trades still live?
Thank you.
I do some scalping (which is what you guys call it) before the actual off, then make my main trade in play, so, how exactly will I know I have not exited all my trades, because by the two trades this has happened with, I simply cannot see any live trades when Betangel shows me I have profited.
By that I mean, from top to bottom of the ladder is green, but somewhere there is still a trade,
How would I know, and how to make sure there are no trades still live?
Thank you.
I only ever trade on Fav's as shown on Betangel - even if they have drifted to 2nd/3rd Fav 10 mins before race, so I only ever check the Fav ladder (nearest left).to75ne wrote:when you say "from top to bottom of the ladder is green, "
are the other ladders green or red - are you green or red across all runners?
I have never (in hundreds of winning trades) checked the other ladders, so when I say green, this is what I check:
And on the trade in question today, these figures were also green, albeit for about £5 on this particular race, out of 14 on which the others were fine.
Like I said, it has happened once before, so I would like to know how to find out if there are any outstanding trades when I am 'green'.
by default there's an unmatched bets window under your ladder. If you undock ladder and place it on other screen or other place, take with it unmatched bets window as well.
Or if markets are loaded in guardian, there's a column which is showing unmatched bets you have in any market
Or if markets are loaded in guardian, there's a column which is showing unmatched bets you have in any market
I actually woke up this morning thinking about the unmatched window (sad I know, but hey).
And what I was thinking was that I ALWAYS notice any unmatched bets, because I always end with a lay bet, which shows as a pink box at the bottom in the unmatched window, so I just know that it was empty.
I won't be trading today, as I am at the Man United match, but I am going to film every trade from now on, because something is going wrong, either with Betangel, or Betfair's receipt of the information from Betangel - because on the trade in question everything was most definitely green.
Not often, but enough to wipe out a day's profits, and that could be very costly indeed when you factor in liabilities.
And what I was thinking was that I ALWAYS notice any unmatched bets, because I always end with a lay bet, which shows as a pink box at the bottom in the unmatched window, so I just know that it was empty.
I won't be trading today, as I am at the Man United match, but I am going to film every trade from now on, because something is going wrong, either with Betangel, or Betfair's receipt of the information from Betangel - because on the trade in question everything was most definitely green.
Not often, but enough to wipe out a day's profits, and that could be very costly indeed when you factor in liabilities.