Where was this strategy in the masterclass?

The sport of kings.
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Dubtrader
Posts: 10
Joined: Tue Aug 05, 2014 11:32 am

Dear all,
Firstly, apologies if this is in the wrong place, but it is related to horse racing.
I've noticed some photos that pop up from time to time on the BetAngel facebook page that show Peters P&L after a day of trading on horse racing. Example here...

https://www.facebook.com/betangelprofes ... =3&theater

From the comments I gather that it is a laying strategy, but I don't remember this from the day-long Masterclass I undertook at the BA offices. No complaints on the information that was taught to us, but something that looks as successful as this would surely make the curriculum? (even if it is risky)

Does anyone know this strategy?...can it be automated in Guardian?...is it even a feature of BA?

I wonder if Peter himself could elaborate ;-)

Kind Regards
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gazuty
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Joined: Sun Jun 26, 2011 11:03 am

http://www.betangel.com/blog_wp/2014/08 ... ng-system/
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Dubtrader
Posts: 10
Joined: Tue Aug 05, 2014 11:32 am

Hi gazuty,

Thanks for the link. Perhaps I could bend your ear on the specifics of what I've read, if you can elaborate?...

1. The average lay price is 5.86-6, but I'm not clear on whether the horse is the 'favourite' or whether it's any horse in the field at that price.

2. The laying book percentage is 100%, but is this at 'any' time the market is trading, or is it at SP, 5 mins before, in-play etc. ?

3. The article talks of the price of horses being at 3.00 or 4.00 before the off, but I dont see the connection to the average lay price of 5.86 that he speaks of.

Are we laying a horse that has drifted from 3-4 to 5.8-6 and the market has a lay book percentage of 100% at that time? or are we laying a horse that is already at 5.86-6 and looks as if it will come in? (and if so, what is the catalyst for this?)

Or have I still mis-understood?

Thanks for your help with my understanding
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Dubtrader
Posts: 10
Joined: Tue Aug 05, 2014 11:32 am

Is anyone out there able to elaborate further please?

gazuty, anymore info?

Cheers
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Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

If you trade regularly you will see stuff backed in or laid waaaaaaaaaaaaaaaaaaaaaaay beyond what can be considered reasonable. There's gold in them thar hills.

But any value strategy is going to have massive up and down swings. I've met few people who can tolerate that variability. Focus on making small but regular amounts trading, it's much easier.
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Dubtrader
Posts: 10
Joined: Tue Aug 05, 2014 11:32 am

I'm going to assume from this response that the finer details of this laying strategy are not available? (even if I offered to pay for them?)
I know Peter is not just pulling the names of horses out of a hat with this one.

I do completely understand if he wants to keep the fruits of his labour for himself and that's totally fair...however, in that case, perhaps posting the results for us all to see is a bit like hanging a carrot in front of us.

Anyway, keep up the good work.
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

I'm going to assume from this response that the finer details of this laying strategy are not available?
Read the posts again (and again, a couple of times). It's all there. In fact, he doesn't know it but I owe Peter a bottle of nice wine for it. Or an entire vineyard :lol: .
Last edited by marksmeets302 on Tue Jul 28, 2015 6:24 pm, edited 1 time in total.
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Dubtrader
Posts: 10
Joined: Tue Aug 05, 2014 11:32 am

Dubtrader wrote:Hi gazuty,

Thanks for the link. Perhaps I could bend your ear on the specifics of what I've read, if you can elaborate?...

1. The average lay price is 5.86-6, but I'm not clear on whether the horse is the 'favourite' or whether it's any horse in the field at that price.

2. The laying book percentage is 100%, but is this at 'any' time the market is trading, or is it at SP, 5 mins before, in-play etc. ?

3. The article talks of the price of horses being at 3.00 or 4.00 before the off, but I dont see the connection to the average lay price of 5.86 that he speaks of.

Are we laying a horse that has drifted from 3-4 to 5.8-6 and the market has a lay book percentage of 100% at that time? or are we laying a horse that is already at 5.86-6 and looks as if it will come in? (and if so, what is the catalyst for this?)

Or have I still mis-understood?

Thanks for your help with my understanding
Hi Mark,

Maybe you are able to elaborate on my questions earlier on in this thread please?

Regards
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

I don't want to be a prick about it, but no I won't. The frequent posters here have been very generous with information about their strategies, with the expectation that others put in the hard work as well. Adding more information on a strategy that wasn't discovered by me in the first place doesn't feel right.

But again: it's all there! Read it again and again and the picture will become clear. The forum is full of little gems.
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steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

You often see horses at the off priced between 13-20s come into 5,6,7s for no apparent reason early in a race.... Id imagine there is some money in them hills somewhere.
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PeterLe
Posts: 3727
Joined: Wed Apr 15, 2009 3:19 pm

Steve - I didnt think it was in play?
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Archangel
Posts: 2008
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Not looking to be spelled out but is this laying into the market when the book percentage is >=100% ?
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LeTiss
Posts: 5489
Joined: Fri May 08, 2009 6:04 pm

I was critical of Peter posting these figures, I still am

The results are so incredible, they are almost mind numbing. But, Peter has developed this ability through years of experience, years of understanding markets and understanding what represents value

For newbies, this trading lark is tough to conquer. I've seen so many who struggle to separate trading from gambling, and are probably looking at Peter's figures there......thinking FUCK THIS TRADING, that's too much hard work - I'm gonna just lay horses for shitloads knowing they will lose

Peter is so passionate about converting people to a trading mindset, I don't think he should post figures like that - they are calculated gambles, not trades

Aplogies to PW if he thinks I'm talking bollocks
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Euler
Posts: 26457
Joined: Wed Nov 10, 2010 1:39 pm

Read out to me No mate, you are not talking bollocks.

I think it's difficult if you have done something like that not to post it. I mean it's the most profit I've ever seen in one day and the stuff you dream of when you first are doing these things.

But that said, it carries such risk that it's just way beyond the reach of a lot of people and trading is just so much better. The trouble is people just don't have the patience, time, or probably even the mindset to trade effectively.

At the end of the day trading is all about just trying to squeeze a little bit of profit out of the market and moving onto the next market. It's not glamorous, sexy, attention grabbing but it works beautifully. Curiously the betting public don't seem to be able to see this, instead preferring to go for that big payoff (that is incredibly unlikely).

However if I post a video or a comment, or a screenshot of a really good trade that was brilliantly executed; nobody really pays any attention to it.

But you should have seen the attention that this got, crazy!
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steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

PeterLe wrote:Steve - I didnt think it was in play?
I presume it was in play PeterLe,With 30 markets being identical amounts.
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