Introductions and a couple of Q's

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
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B-Rex
Posts: 16
Joined: Fri Jan 01, 2016 9:07 pm

Hi everyone / Peter,

I attended the masterclass today and found it very useful and motivating. So first of all, I wanted to thank Peter and also say hello here!

As of 3-4 weeks time I will have plenty of time available to focus on trading as a full-time venture, while I have a steady income in the background, reducing the pressure of needing any kind of quick results. I have much to learn, and prepared to put everything into it for as long as it takes.

I was hoping to float a couple of questions out there to clear a couple of things up I have been pondering for a while:

1) As I am still getting to grips with BA's basic functions, I have avoided automation lessons. However I'd be interested to know if it's possible to automate this: Thinking in-running etc if 2 horses were neck-at-neck, could you automate a rule to lay @ 1.5 and back @ 2.5 and keep repeating this as the horses kept changing position? Not asking *how* yet, just want to know if it's possible :)

2) If you are trading in a high volume race but the money at the current prices are relatively low (for example if the race is slightly delayed) is it a bad idea to scalp with the 'keep' command on, with a view to get scooped up by the "SP" bets? Or is that a normal thing to do?

3) Last question, I've spent time looking into the place markets and also the extra place markets. Sometimes I'll see 2 horses that are similar Win odds, similar Extra Place odds, but drastically different 'Place' odds. How can that happen - are there any "rational" reasons, or is it purely some out of line odds due to gambles/bots or something?

I have the 324 page book to read through now, which I am sure will help with all the other questions I have but. But these have been bugging me for months :)

Thanks for your time, and hope to get to know you all too, over the coming year.
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Dallas
Posts: 23557
Joined: Sun Aug 09, 2015 10:57 pm

Hope you had a good day yesterday and welcome

To answer your questions in order

1) Yes this is fairly straight forward to do its just a case of telling the rule to only trigger when there horses are close in price indicating a close race then having it stop if one drifts out of the range and repeating again if two more fall back into this range.

2)If you where thinking of "Keep Bets" as a safety in-case it goes in-play before your scalp or any trade is closed instead use the "Take SP" - using "Keep bets" the price could just as easily get swept the opposite way and leave you with a unmatched kept bet & a big red.

3)There is probably people who do a lot of cross market trading and may be able to answer this slightly better but Generally odds wont be out of line that much as there is many bots monitoring cross-market activity and if they step out of line too much they will pull them back in again, you may spot some under lying value if one market is slightly out but you ll be lucky to ever see a situation where you can simultaneously place bets in both markets to lock in a instant profit.

Good luck with your Journey
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B-Rex
Posts: 16
Joined: Fri Jan 01, 2016 9:07 pm

Thanks a lot for the help Dallas! That answers everything nicely for me.

Now I can finish off the last few BA vids, and start reading this epic bible over the next few weeks.

Then I'll be back when my journey begins. I've waited 3 years for this, I can hardly contain my excitement :D
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