Movement of Odds

[johnboy]

Can someone please enlighten me?
Since reading Bet Angels recent comment that odds do not need to move to make money whilst trading, I have been trying to understand how this is possible and so far cannot find the answer.
I am still locked into the understanding that the movement of odds is the very thing that causes money to be made or lost.
Any help will be much appreciated.

Johnboy

[JollyGreen]

If the odds don't move then simply reverse the book, lay at the back price and then back at the lay price. That way you will make a profit. Try not to put money on both sides, lay first then back or vice versa.

If I could find a horse racing market that was guaranteed never to move then I would very happy. Cheltenham today is about as close as you will get to a stationary market at this time of the year.

[xpaul]

So let’s say back price is 1,46 lay is 1,47 and market is stagnant (like pre game soccer market). If I try to back at 1,47 it won’t get matched but if it gets matched I need lay bet to get matched at 1,46 to make profit.
I still don’t get it as Johnboy.

[JollyGreen]

Guys...have you tried it?

First...if the price is 1.47 then the price is NOT going to be stable unless it is at Cheltenham Royal Ascot etc etc. I don't think anything got that low at Cheltenham this week but I've been awake since 04:00 so my brain isn't functioning.

If the price is 4.40 to back and 4.50 to lay then try the following

1. Reverse the book
2. use a 1 tick offset
3. Set fill/kill to 120 seconds (may need to adjust)
4. Offer to lay at 4.40 by clicking once on 4.40

That's it! If the order is matched then Bet Angel will place the closing back order at 4.50. If the order doesn't close then you can scratch by backing at 4.40 and have a zero!

[xpaul]

I tried it that way but it won't get matched. Maybe I'm doing something wrong.

[enzabella2009]

Best way to check that is to use the ladder. Open the ladder feuture then tick use global setting, trading profit and greening. If you would like to concetrate on the favorite alone tick enhance ladder too. Offsetting by 1 tick force open reverse. Select liability on the top right and select the ammount of money you like to place on the next space then tick Auto Update. Before doing that open the ladder again and check on the left and right how much money are in the cue. thats very important. to understand that better do the same on any premiership games where the home team is favorite to win but dont place any money just watch using the ladder how the money moves and why the move. On the horses be aware that you need only one crazy guy to place 10k in 1 shot to make the market collapse for few ticks down or up but if there are solid money on both sides the market should settle again where it was seconds b4. sorry for my english ...hope is understantable.

[LeTiss]

When a market looks pretty stagnate, I often use BA's Make Market facility

It's a pretty easy way of getting a 1 tick profit

[Jimmy]

I've Never used the market maker thing. I wasnt really sure what to do and what it acheives. Is it like the bookmaking tab.?

Cheers

Jimmy

[xpaul]

Thanks.
I understand how to do it technically but when I put a bet like that it stays unmatched and I need to kill it since it won't get matched.If the market moves it gets matched.
Thanks for all answers.

Paul

[andyfuller]

You just aren't waiting long enough to get your order matched. I often do trades like this, it is just a matter of sitting and waiting for your orders to get matched. If you join the que when there is £4,000 there already, that 4k has to be matched before yours will. This can take some time in a slow moving market.

[enzabella2009]

you can have both matched (BACK and LAY)( 1 tick )even though the market dont move. The risk of it is if you dont know how to read the ammount of money going in and out, the charts and all the rest, you may lose lots of money. You may get it right sometimes but then you need one bad move to lose all. If you concetrate on 5 ticks 10 ticks 12 ticks 20 ticks you can have 25% 30% of wrong readings and still be in profits as long you do it right 60% to 100% of times using little money.

[andyfuller]

you can have both matched (BACK and LAY)( 1 tick )even though the market dont move. The risk of it is if you dont know how to read the ammount of money going in and out, the charts and all the rest, you may lose lots of money. You may get it right sometimes but then you need one bad move to lose all. If you concetrate on 5 ticks 10 ticks 12 ticks 20 ticks you can have 25% 30% of wrong readings and still be in profits as long you do it right 60% to 100% of times using little money.

Used in the right circumstances it is a very very low risk style of trading and it should be hard to lose much money when it is used correctly as the market will be very stagnant and not moving much if at all. So the only way to lose all your profit is if you sit there hoping for it to come back if it does move and just carry on sitting there as it moves more and more against you.

It is just another strategy that can be used to trade and if you use it correctly it should be profitable.

Now you just need to look for opportunities to use it, football pre match is one as the odds are very stagnant a lot of the time.

[enzabella2009]

Hi. Andyful, You are 100% right but, how many times you saw a stagnate market to go 5 ticks down from nowhere or up then to go back where it was seconds b4. if a stop a loss triggered then you are in red. That happens quite often on the horses market. On football, prior the game 1 tick movement ( profit) is a very good strategy. To use 1 tick strategy on horses for what I know can be very dangerous from an inexperienced trader. That is why my adivices is not to try 1 tick profit b4 you lern to read everything about those markets and obviously the use of BA.

[xpaul]

Thanks everybody. I've just tried it on horses. It works. It seems that I wasn't waiting long enough.

[johnboy]

Thanks
I think I have it at last .

Johnboy