lets move to Betdaq

[Iron]

Despite betfair is illegal I have manage to teach much of my aknowledge from being in a guest online rooms in many blogs and forums, I am doing it for free to give a little help for the business to growth.

Isn't it possible that Peter also has noble motives when he writes his blog?

Jeff

[enzabella2009]

Ofc he does Jeff. Many people think he is a genuine honest bloke, I would be mad not to consider he has noble motives. It`s my brain fault that is showing me a bigger puzzle then just to all move to betdaq, take early opportunities, rape the market and then what? move elsewhere?

[Euler]

Try and look at the bigger picture rather than just a cynical one.

[enzabella2009]

Someone advised me to go to a peter webb course but, in my opinion it is more logical to take an english course . I am trying to look at the bigger picture or puzzle rather then a cynical one

[freddy]

It doens't seem like thats going to well

Winners will always take money out of the exchanges thats how it works.

even yourself assuming that you win.

[mugsgame]

I am trading on Betdaq today and happy with what I am achieving.
You can't blame liquidity for your inexperience or poor strategy.
Read what Peter bothers to write, he gives a huge amount away for free.

Bet Angel is a tool, if you by a screwdriver you don't expect IKEA to come around and build your cupboard do you?

Stop whinging and deal with it

[andyfuller]

Fully agree with those comments. There are plenty of small traders who have said they are not profitable yet but complain about how they can't make anything on Betdaq because there isn't the liquidity - more like a convienient excuse to convince themselves it is the exchange that is the issue and not themselves. It is only once you reach decent stake levels that the liquidity becomes an issue but doesn't stop it being profitable with lower stakes.

Jeff - BD calulate it so £100 at 3.0 = £300, where as Betfair do it as £200.

£100 at 1000.0 on BD = £100,000, BF = £200.

So to do the comparison of converting BF to BD just load up excel, then load the price history via the BF website for each selection, copy in the amounts and the odds, delete the available to lay and back columns leaving you the amounts matched and the odds they were matched at, multiply one by the other and then sum them and you have a direct comparison. Really doesn't take long and gives direct comparisons.

Sure someone good on excel could automate it tbh.

[Iron]

It is only once you reach decent stake levels that the liquidity becomes an issue.

Granted, but surely most people who will be contemplating moving to Betdaq are on decent stake levels. You don't earn £250,000 with £2 stakes.

Also, I use relatively small stakes, but I sometimes find low liquidity markets challenging, as IMHO they're more likely to jump about all over the place.

Jeff - BD calulate it so £100 at 3.0 = £300, where as Betfair do it as £200.

£100 at 1000.0 on BD = £100,000, BF = £200.

That's something Betdaq should change IMHO, as traders don't have time in the heat of battle to be faffing about with calculations to work out how much money is being matched.

Jeff

[hgodden]

You just have to give it a try and see if you can make enough from it to make it worth your while. Often things turn out differently from what you expect when you actually try them, and you can always try changing your strategies a bit.

[freddy]

I think alot of people look at the volume then look at the gaps in the market and decide to not bother.
then moan about lack of liquidity.

But that does not help really

At least put you money up to see if it get matched before you give in,
there are alot of people waiting in the wings it seems.

[andyfuller]

It is only once you reach decent stake levels that the liquidity becomes an issue.

Granted, but surely most people who will be contemplating moving to Betdaq are on decent stake levels. You don't earn £250,000 with £2 stakes.

Also, I use relatively small stakes, but I sometimes find low liquidity markets challenging, as IMHO they're more likely to jump about all over the place.

Jeff - BD calulate it so £100 at 3.0 = £300, where as Betfair do it as £200.

£100 at 1000.0 on BD = £100,000, BF = £200.

That's something Betdaq should change IMHO, as traders don't have time in the heat of battle to be faffing about with calculations to work out how much money is being matched.

Jeff

Correct most people who are immediately going to be hit by the charge or in the near future are going to be using stakes that cause them issues but as Peter has shown himself it is not a reason to not try an alternative. You can afford to make between 40% and 60% less over there and still be no worse off.

Anyone aiming to make money from trading, I mean more than £250,000 which I would say is a high proportion of people who start trading, even if they don't realise it yet themseleves will hit the same issues the current people are hitting with Betfair and the new charge, let alone PC v2.

What do they do once they hit those issues. Plodding along saying I will deal with it when it happens is in my view an attitude of someone who never really expects to hit £250,000 if they are honest with themselves. Because if they really do think they will achieve it it is something you really need to consider not in the future but now.

As you say you find low liquidity markets challenging because they jump around a lot but that doesn't mean there are not opportunities to profit, it is just you haven't figured out how to profit from them yet. People usually say the USA horse markets are untradeable because of the exact reasons you say about BD above but they are perfectly tradeable, far more tradeable than many would think. You just have to find out what works.

As for how BD calculate their amounts matched I would prefer the BF way but I can see the logic behind the BD method.

[mugsgame]

If you make £3 a race that will give you £25k a year.

Even Betfairs' midweek and evening markets can be thin, so lets not build Betfair up into some invincible object that cannot be challenged or overcome.

THE biggest mistake new or inexperienced traders make, is they believe you have to use huge stakes. I made £800 on a tennis match at Wimbledon with a stake of £20 (liability). Just manage your risk v reward.

Understand the market and use it to your advantage. Isn't that what PW constantly says? Has anyone bothered to watch any of the low liquidity videos he has made?

I'll say it again......Liquidity is an excuse for bad trading. Trading horses on Betdaq is perfectly viable, and it will only get better.

[Iron]

As you say you find low liquidity markets challenging because they jump around a lot but that doesn't mean there are not opportunities to profit, it is just you haven't figured out how to profit from them yet.

Fair comment.

I don't suppose you know of any decent videos covering low liquidity markets?

As for how BD calculate their amounts matched I would prefer the BF way but I can see the logic behind the BD method.

I think it would be good if they offered people a choice of formats.

Jeff

[enzabella2009]

1) Im not looking for free tips
2) I don`t need trading courses
3) I am not cynical
4) I am not whinging
5) fortunaly I dont buy any IKEA products
6) I am not advising people not to move to betdaq.

I am going to give up posting...I have just moved to Milan and I promise I am going to book an english course, so when betdaq will introduce the PCs I can tell you precisly what I meant today.

[freddy]

As you say you find low liquidity markets challenging because they jump around a lot but that doesn't mean there are not opportunities to profit, it is just you haven't figured out how to profit from them yet.

Fair comment.

I don't suppose you know of any decent videos covering low liquidity markets?

As for how BD calculate their amounts matched I would prefer the BF way but I can see the logic behind the BD method.

I think it would be good if they offered people a choice of formats.

Jeff

Jeff In Low liquidty markets like the USA racing,
like you say the odds jump around alot.

but why carnt you take advantage of this ?,

you can fill the gaps or put up a few positions a long way off the pace and hope to get matched.
Just don't get sucked into chasing the odds up or down like alot of people do when nothing is actually getting matched.