Author Archive: Peter Webb

How I know that the betting markets are inefficient

Is the betting market efficient? You have probably read countless studies that show how efficient the betting market is. They can sound pretty convincing and, in general, I’d say they are right. You will have also seen how the financial markets are also efficient for similar reasons. Again, I’d say that was sort of right….

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Why do I look at racing cards?

How I trade Horse racing markets One of the great things about the way that I participate in the market is that I ‘read’ what information is being discounted by the market. This can be paraphrased as ‘reading order flow’. I’m looking at the ladder interface, the charts and other data to understand which horses…

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Why does a strategy fail the moment you use it?

You know the feeling, you work hard to research and establish a new idea or strategy. You put it to use and it works, so you raise your stakes and booooooooom, it instantly reverses and losses you a shed load of money. It can sometimes feel like the market has got it in for you…

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Understanding Bet Angel’s Guardian Tool

Bet Angel Guardian One of the major features of Bet Angel is its ‘Guardian’ tool. It’s pretty much a complete piece of software in its own right and if you dig deeper it contains many tools all of which significantly enhance your ability to find or trade markets and contains one of the key features…

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Why everything looks like an opportunity to me

When Betfair had an outage today, I knew immediately what I should be doing. The first thing was to warn other people, the second thing was to moan about it and the final thing on my list of responses to the outage was to immediately switch to Betdaq and start trading there. I have some…

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Betfair US | The dream that died

Since 1994 I’ve been paying regular trips to the US. My first big trip was to visit was to work in Houston. On that trip, I picked up a book about Warren Buffett and that set off a sequence of events that would see me return stateside pretty much at least once each year since…

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Betfair trading myths exploded

Having been in the market for so long. I’ve come across many things that don’t stack up with my experiences in the market. This post explains these commonly held views and what I discovered about them in my twenty-year trading career. During that time, I’ve risked a substantial amount of money through the market, which…

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Some simple tips for successful Betfair trading

One of the myths about Betfair trading is that you need a large amount in your account to trade effectively. But also that you have to be some genius at predicting a potential price move. My experience in the market actually points to the opposite. A smaller bank is a much more effective way of…

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Setting up to receive live racecourse data

If you want to join the growing number of people taking advantage of live racecourse information, here is how you would set up Bet Angel to receive data from Total Performance Data. What do you need to get data directly from the racecourse? The first thing is to make sure you have at least version…

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