Hello All
I only signed up with BA yesterday and have been exploring the software and watching videos. So far I have had a practice run at Scalping and also Betfair trading strategies - Lay the field - Automatically.
I come from a Matched Betting background where I can/anyone easily earn about £500 per month. This is relatively easy to do!
However, looking at BA this does seem rather complex and has many facets. I was wondering if anyone could point me in a direction of what to study/practice in order to reach my first £5 profit with say a week?
The £5 Challange for a Newbie
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bennyboy351
- Posts: 332
- Joined: Sat Jun 07, 2014 6:01 pm
Hi GunDog - welcome to the Bet Angel Forum.
To achieve what you're asking (and more!) I'd suggest looking at Peter Webb's videos on One Click Trading etc and give that a go. Its easy, relatively safe and you will easily do a few pounds a day with £10 stakes (Multiple bets/lays - the videos explain it). Here are a couple of videos to get you started:
https://www.youtube.com/watch?v=m9_V5jU3qTg
https://www.youtube.com/watch?v=-K9oyHSFkME
One thing that I must impress upon you, is the need to close out your trades and 'Green Up' before the 'off'. If you don't, chances are you'll get hammered. I know the bigger inplay profits are tempting; but the losses aren't worth it!
Hope this helps?
George.
To achieve what you're asking (and more!) I'd suggest looking at Peter Webb's videos on One Click Trading etc and give that a go. Its easy, relatively safe and you will easily do a few pounds a day with £10 stakes (Multiple bets/lays - the videos explain it). Here are a couple of videos to get you started:
https://www.youtube.com/watch?v=m9_V5jU3qTg
https://www.youtube.com/watch?v=-K9oyHSFkME
One thing that I must impress upon you, is the need to close out your trades and 'Green Up' before the 'off'. If you don't, chances are you'll get hammered. I know the bigger inplay profits are tempting; but the losses aren't worth it!
Hope this helps?
George.
This link might help you
viewtopic.php?f=47&t=11408
viewtopic.php?f=47&t=11408
@Dallas many thanks for pointing me in another direction. In the post link above you say:
"So if you backed @ 4.7 for £100
then layed @ 4.1 for £100
you will of closed the trade and have £60 profit on that selection if it goes on to win and zero profit or loss on all the other selections."
It would seem things are calculated differently when Matched Betting. When I put this into an Match Betting Calculator, I get the following:
£100 Back @4.7 I would need to Lay this with £114.63 at @4.1 which would then give me a profit of £10.25
"So if you backed @ 4.7 for £100
then layed @ 4.1 for £100
you will of closed the trade and have £60 profit on that selection if it goes on to win and zero profit or loss on all the other selections."
It would seem things are calculated differently when Matched Betting. When I put this into an Match Betting Calculator, I get the following:
£100 Back @4.7 I would need to Lay this with £114.63 at @4.1 which would then give me a profit of £10.25
Its calculated exactly the same - the figure shown on your calculator is showing you what you will get after X% commission has been deducted.
Remove the commission % from your calculator and it will show £14.63 profit (same as my example - I left out the 63p coppers for ease of the example)
Remove the commission % from your calculator and it will show £14.63 profit (same as my example - I left out the 63p coppers for ease of the example)
OK just to keep you updated on my £5 challenge. On the 02/03/2016 I manage to make £64.07 profit and then yesterday £101.35. This was done over various races throughout the day.
OK, this far exceeds my initial £5 Challenge, now I have a feeling of fear that I was just lucky. Well I suppose time will tell and I will post future results here.
OK, this far exceeds my initial £5 Challenge, now I have a feeling of fear that I was just lucky. Well I suppose time will tell and I will post future results here.