A small question regarding profiting with BetAngel

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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jsmith00075
Posts: 2
Joined: Mon Dec 21, 2009 6:08 pm

Hello everyone,

First post here and I am still trying to figure out if BetAngel Pro is for me or not :)

My question is pretty boring and casual.. I am wondering of what kind of profits I am supposed to expect if I start with BetAngel.

I have read around here and saw a few videos and I mainly see people "playing"/"investing" anywhere from 800-1,000+ euros to make a 20 euros profit? Is this what I should expect on an average day or more/less?

Thank you for your time and good luck with your investments!
lilgreenback
Posts: 211
Joined: Thu Apr 16, 2009 11:28 am

Hi and Welcome

Others may be able to give a more difinitive answer so I hate to sound a bit vague. I would not expect to make any real profit when just starting out (unless of course your are v good or v lucky; but luck won't last).

When you start Trading start with minimum stakes and get to use and feel your way through the features of the software. Read the posts it will take some delving through but there are some really good contributors out there to help. Print out their posts for reference and read the manual (download it if you have not done so).

I'm not saying you won't hit the ground running just don't expect to make a mint straight away. Slow and steady. I've been using BA since April and have not made a profit. I have come close to thinking I have cracked it but like a mirage "it's only just out of reach". As other people say this is not easy and if it was everyone would be doing it.

Here are some of the posties to look up. Cran, Andy Fuller, The Tub, Stewart, The Drifter, Prediction and Seabird. (Thanks Guys). Remember don't be afraid to ask there is no such thing as a stupid question.

Try to spend time watching the market graphs and seeing the way prices move etc watch the videos which are good and quite inspirational. The difficult thing can be that some don't have commentary and very few explain why? or how? that you'll figure out. But spend some time looking at the concept etc.

One thing that does stand out is that once you start using BA or trading and straight win or lose bet be it a back or lay does not seem quite so attractive.
Good Luck and Merry Xmas

LilGB
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J.S.
Posts: 124
Joined: Sun Oct 18, 2009 4:15 am

A 1% return on turnover is generally considered a good return for pre-racing traders. Some of the big stakers return less as getting filled becomes an issue. For example Adam Heathcote recently posted a 0.2% return on turnover. LilGB is quite correct. First few months you are likely to lose money regularly until youi have developed your edge.
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