When Does Peter Lay in the Training videos?

[PeteSw62]

Hi
I've been watching the £x Betfair Trading Analysis videos on the academy, like this one: https://online.betangelacademy.com/cour ... e-analysis

Am I correct in my understanding that we are seeing Peter close the trade by placing back bets, because he has previously placed a lay bet? (The reverse setup he is using is still confusing me)

So I am wondering when he is placing his lay bets?

Many thanks
Pete

[Trader724]

Layed at 1.72 with £1000 then backed with £500 at 1.93 and £500 at 1.94 then hedged at 1.92.
In the swapped (reversed) setup, the back bets are displayed on the right side, and the lay bets are displayed on the left side.
If you click on an amount on the left you join the queue to lay by offering a price and if you click anywhere above you take the current lay price.
If you click on an amount on the right you join the queue to back offering a price and if you click anywhere below you take the current back price.

[PeteSw62]

Layed at 1.72 with £1000 then backed with £500 at 1.93 and £500 at 1.94 then hedged at 1.92.
In the swapped (reversed) setup, the back bets are displayed on the right side, and the lay bets are displayed on the left side.
If you click on an amount on the left you join the queue to lay by offering a price and if you click anywhere above you take the current lay price.
If you click on an amount on the right you join the queue to back offering a price and if you click anywhere below you take the current back price.

Thank you. Does he say anywhere when he places that lay of £1000 and what helped him to decide to do it?

[Trader724]

He takes the opposite side of the prevailing sentiment, expecting that the market will eventually correct itself and move in the opposite direction. It's important for contrarian traders to have a solid understanding of market dynamics and risk management techniques. Not for everyone.