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Bet Angel costs less than you think!

Bet Angel

Conjure up an image, it’s February 2005. If you knew Peter Webb back then, it was because I wrote for a number of magazines. But more ‘famously’ for Shares Magazine where I was a weekly columnist on all matters surrounding long term investing.

But here I was, in the heart of London’s financial district about to demonstrate the first version of some software that was a new concept for many in the room. Software that would allow you to trade the sports betting market the same way you trade the stock market. Not only was the concept something new, but we had also achieved it even without an API being available, it really was on the edge of what was possible.

A lot has changed since then, but one thing that hasn’t changed is the vision of Bet Angel pushing the limits of what is possible with trading software. From that early start, much has changed.

Let us appraise where are now! In short, things have changed a lot, but there is still a Bet Angel for everybody and every budget.

Bet Angel for free

One thing we realised was if we were going to pursue a goal of constant development, some people may not want all the features of a more advanced piece of software.

So when the first version of Bet Angel was released, we also released some Betfair trading software for free, Bet Angel Basic. As the name suggests it was just a basic bit of software. One-click betting software that more or less replicated other basic bits of software that were available at the time.

But let us not forget, if you want some fully-featured trading software, that is available also. When Betfair announced the introduction of the premium charge in 2008 we added another version of Bet Angel for free. Bet Angel for Betdaq was born, or BetDaq Angel as it’s sometimes called.

Unlike the Betfair free version, the Betdaq version included advanced charting, excel integration and a range of features that made it very similar to the Betfair version. It received another timely upgrade in 2011!

Download a copy here

So there are your options if you want to get Bet Angel for free.

Bet Angel trader – Essential tools at a very low cost

Bet Angel Professional evolved from a simple bet placement mechanism for betting exchanges, into something much more complex. Therefore there was always a gap that was likely to grow between the first time Betfair trading user and somebody doing things on a professional basis.

It was for this reason that we slotted in Bet Angel Trader edition into the product mix. It provides all the essential tools you are familiar with, but without some of the more complex functions of Bet Angel Professional. It’s perfect if you are starting out or just need standard Betfair trading software.

It contains a one-click trading screen, a ladder interface, dutching, bookmaking, advanced charting and much more. Whatever manual Betfair trading strategies you prefer, you can do all the essential things with Bet Angel trader. All features can be used in practice mode, so it’s a great way to get started.

You can compare key differences between versions here.

Bet Angel trader is available for just £6 a month or £60 a year.

Bet Angel Professional – The ultimate Betfair toolkit

Let me ask you a question simple. How would you like a trading partner, someone that will work with you to find the markets you need, gather data for you, and use models to tell you how a market will be priced.

Your partner can even act on them for you, 24 hours a day 7 days a week. Dutifully scanning hundreds of markets looking for opportunities and alerting you to them. When you go to trade your partner will aid you by careful executing a trade you have initiated, to perfection. Your partner will also look over your shoulder to alert and guide you when you trade and stop you from making mistakes.

If that sounds appealing, then Bet Angel Professional is the tool for you!

The first version of Bet Angel was primarily a one-click trading screen with innovative options for charting, fill or kill orders, offsets and a stop loss. Things that had never been seen before. We also threw in a link to Excel shortly afterwards for good measure. From there Bet Angel has grown jointly through things that we knew were possible and through customer feedback and requests.

Check out our release schedule if you want to see how Bet Angel has grown over time and how often we have added new tools and enhancements.

Bet Angel Professional now includes a whole raft of unique features. Each trading interface is highly customisable to ensure you can tweak it to your heart’s content and to ensure that your trading experience is unique to you. You can trade manually, semi-automatically and fully automatically.

Fully automated trading is on a par with custom developing your own software to plug into Betfair’s API, but we have done all the hard work for you. Betfair API Automation is achieved through familiar logical functions and processes but simplified with a drop-down menu selection process. We also supply HUNDREDS of pre-made automation templates.

It also contains specialist profiling tools and features for Horse racing, pre-off and in-play and then there is Tennis Trader and Soccer Mystic to name a few. There are so many features in Bet Angel Professional that it’s difficult to list them all, but we have listed the key ones here.

Bet Angel Professional is more multifaceted than standard Betfair software, that’s deliberate. If you want to trade seriously, then all the tools in Bet Angel are specially designed to make your trading much more effective to give you an edge over traders with who you may be competing.

The continuous development schedule and higher-level support mean it costs a little more than the Trader edition. But Bet Angel Professional can be bought by the day for just 99p. This means you can save money by using it only when you need it. To reflect the higher onboarding values, the longer the subscription period you buy, the cheaper it gets.

The best way to view the cost of Bet Angel is to quantify it in terms of how much it would cost to bring together all the features and opportunities it presents. Just using it to find one decent trade will mean it pays for itself. All the features are all there for a reason and even if you only used the filters, alerts and partial or full automation. It will pay for itself in no time at all, especially if you value your time!

A full list of purchase options is available here.

Try both versions of Bet Angel

If you are unsure which version of Bet Angel you want to try, then simply try them both! Both are available on a 14-day trial and therefore you can use Bet Angel for 28 days for free!

To trial either or both versions of Bet Angel, visit this page and download a copy. Free trials are granted automatically and no payment details are required.

The post Bet Angel costs less than you think! appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

When the sun sets, the Moonee rises in Australia

At this time of the year on Friday evenings, or Friday mornings depending upon which parts of the world you’re in. We enter a new period in the racing calendar. At Moonee Valley in Australia they start scheduled Friday evening meetings and we open with a bang with a Group one race and various other group racing this Friday. 

For me it marks the end of one Betfair trading season and the beginning of another. 

A setting sun

In the UK since May I’ve been going all guns blazing to do my best on the UK racing and we’ve also been spoiled with a lot of high profile quality racing and the evening racing. But as we go through September all of the flat turf courses begin to cease of the all weather courses begin to come online. And we sink into the winter. 

I realise that some people like flat racing, some people like jumps racing. People like different markets for a variety of reasons and for different markets there are different people and strategies. After all, a betting exchange is a diverse place full of opportunities to find. But the sheer quantity of markets that we have available to us in the summer means that this is the time of peak earning potential for me. 

The very first time I went through this cycle, Winter seemed to like a bitter disappointment. There was less racing smaller fields lower prise money fewer peaks and it just appeared to me that my earnings were going to drop. Which is exactly what they did. 

However, on the discovery of Australian racing, I began to realise that the end of September marked the opening of another peak period. It was similar to the UK summer racing. Apart from it was right around the other side of the world in the land of the great barrier reef. So the evening racing starting at Moonee Valley allows me to head towards a new peak, but just in a different geographic location!

Moonee Valley rising

We’ve already had some group racing taking place in Australia, but as we head into October some of the big racing really begins to start. The signal for me is when we get the Group One racing at Moonee Valley on a Friday evening. We still have races like the ‘Everest’ to come. But also, and more importantly, the Melbourne Cup which takes place traditionally at the beginning of November. 

Of course this is logical, because while we begin to suffer poor weather and cold temperatures in the UK things are just beginning to warm up in Australia. This can act as a nice supplement to my trading when the UK begins to turn down somewhat. Of course, one of the big problems that you have is Australian racing takes place overnight. 

There is no easy way to get around that particular problem because, obviously, it’s in a completely different time zone in a completely different part of the world. But there are a number of mitigating factors. 

Australian racing schedule

Most of the racing that takes place during the week isn’t particularly strong. You find that the Australian racing peaks on a Saturday, like most sports in the UK and the rest of the world. But there is also a minor peak Wednesday when better quality racing makes its way onto the card. But it’s seasonal as well. 

We have a nice uplift o activity on the run-in to December and then things die off a bit before returning again in February. That more or less sees us through to the start of the flat turf season in the UK. So it makes for a nice supplement to the UK racing even if the time with the racing takes place isn’t particularly helpful.

Trading Australian racing

Over the many years that I’ve been actively trading on Australian racing I’ve been able to take forward basic strategies that I’ve used in the UK use them in Australia, but that has also allowed me to transplant that knowledge and capability to automation.

Lots of the Australian racing takes place just after midnight and goes on into the early hours of the morning UK time and you can usually catch the tail end of the card just as we are beginning to wake in the UK. 

Where I don’t feel the urge to get up in the middle of the night to actively trade, I can just let automation do it for me. That’s one of the huge benefits of automation, the ability for it to be active in markets that you can’t be active in, or perhaps on this occasion don’t want to be active in. Trading software like Bet Angel, of course, is full of these features and has made it easy for me to translate ideas into fully automated trading strategies that I use in Australia.

However on a Friday nights from now until March you will also catch some racing taking place at Moonee Valley and perhaps a couple of other courses scattered around. So that does give you an opportunity to get a taste for Australian racing. Even if you’re working on UK time. 

It’s important to note however that Australian racing does trade differently to UK racing so it’s worth familiarizing yourself with that until you decide to commit to actively trading it seriously. Overall volumes are much lower than the UK, so rate at which the market matches bets is also different. But that’s fine, you just have to adjust your trading style.

Summary

I’ve been successively trading in Australia for a number of years and I find it a very useful supplement to my lesser activity in UK markets during the winter. I pulled out some very good results from Moonee Valley in the past and from Australian racing in general. But it very much depends upon the nature of the card, the quality of the racing and the types of races.

That said it’s probably something you should explore. Especially around the peak races and peak season.

The post When the sun sets, the Moonee rises in Australia appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

Betting and trading the Ryder Cup Golf

Why the Ryder Cup is different

The Ryder Cup is very different from other golf betting tournaments right from the opening ceremony through to the way it’s played and how.

Qualifying for the Ryder Cup Europe team has become an aim for any top PGA tour player and the captains will probably not need to motivate the players much, even if you are a seasoned major winner. People like, wildcard Ian Poulter, will require little motivation!

Stroke play versus match play

The key golf majors are stroke play tournaments, which means that over the course of four days, the players have to get around the course in the fewest number of strokes possible.

This means your trading strategy has to be different for something like the Ryder Cup. The Ryder Cup is a match play tournament where each individual game that takes place you’re battling to win a hole, rather than get a low score.

How do you win a hole? Say there is par 5, you’re trying to win that hole against your opponent by trying to complete that individual hole in fewer shots than your opponent and if you do, you get awarded a point. However, if you both end up getting the same score then the hole is halved. At the end of the round or when you have won enough holes you win the match and the point goes to either team. You can also halve the match and share half a point.

When you’re playing stroke play golf, you’re playing over the course of 18 holes, on a major, over four days. You’re trying to get the lowest score possible over those four days, but when you’re playing match play golf it’s all about getting the lowest score on one individual hole and adding those up to win the round.

On the Ryder Cup points are allocated to, or between, European players and American players and then the winner gets a point added to the team score at the end of each round.

The Cricket T20 of Golf: Incentive to Score

 In The Ryder Cup, the style of play is very different, the best way for me to paraphrase this is it’s a Cricket T20 for golf. It makes a bit more exciting because you have to go for the shots. You must win the hole on some occasions, so the player or group will go for it.

Think of normal golf as the Test match equivalent of cricket. You’re defending most of the time and you’re playing defensively whereas in the Ryder Cup and in match play tournaments there’s a huge incentive to go for a shot. If a player is a hole down at some point and there are not many holes left, then they’re going to try a few of those trickier shots in order to try and pick up a point or two.

Match-play Formats at The Ryder Cup

In traditional match play tournaments, it will be one on one, player against player, going off to try and win their individual match by winning as many holes as they can against their opponent.

However, in the Ryder Cup, you have different formats mixed up and there are two teams (Euro Vs. the USA). It may be that an individual player doesn’t play in the first part of the tournament (effectively they’re benched) but then will play in the singles a bit later on.

There are a variety of different formats within The Ryder Cup.

Ryder Cup - Foursomes vs Four-ball
The Ryder cup has many playing formats including Foursomes Vs Four Balls

Foursomes:

This is where two players from each team (the American team and the European team) go together in a group of four (hence the name). They hit alternative shots, one player will go up and tee off and then, on the fairway, the other player will play the next shot. That happens on both teams, they alternate, so if your colleague gets you in trouble and finds one of the water hazards, you’re going to have to dig yourself out of that trouble and vice versa. The players end up playing alternate shots throughout the rest of that particular match.

Fourball Matches:

There are four players in each Ryder Cup Team in this format. However, the player now has their own individual ball to play for a hole and then the player that gets the best score is the one that goes up against the opposing team score. It’s a slightly more forgiving format, so you don’t know specifically what’s going to happen.

Both of those formats are very different from what you would see in traditional golf and it makes it a bit more exciting and a bit more variable as well.

The Singles 

This happens on the last day and it is where the players play against each other and the captains or vice-captain of each team will strategically select players to go against players on the other side. On that last day of the singles, is often where the overall tournament is won or lost. But it can also throw up some unusual things.

In short, you get three different formats of match play in the Ryder Cup, all throwing off different trading characteristics on Betfair.

What type of trade?

If you are going to trade on Betfair, just how does the market trade overall?

Overall, I would expect the volume for it to be around £10-15m across all the markets, it has been higher but I feel that’s about what to expect. Around two-thirds of that will go on the outright winner market.

You can bet or trade Europe, USA or Tie. Think of the Tie like the draw in a football match, if one team starts to pull away from the other then obviously the price is going to drift but if it gets very tight and maybe you’ll see the price of the tie (the draw) start to come in a little. Whether you buy or sell risk in this market, you could consider the outright winner market a long-term type of trade.

Those are the three key trading options and that’s quite a big trading market. Below that, you get the match odds market, which will be the Four Balls, the Foursomes or The Singles where you have Group A against Group B and the Tie or a Hole to be Halved and those generate a fair amount of liquidity.

Overall these trading markets will generate £4-5m over the course of the tournament. If you look at all of the other small markets, they account for loads of little bits here and there, but not much overall. Therefore it will be the outright winner market and the individual match markets that account for the bulk of the liquidity.

Trading Individual Markets

If we look at the individual sections you know you’ve got the foursomes the four balls and the singles. Interestingly enough (although maybe not surprisingly) they all trade similar amounts of money.

At the last couple of Ryder Cup, you were looking at about £1.5m per individual groupings, so despite the fact that there are more players per group in the four balls and the foursomes, they overall trade about the same in total. So what that’s telling you is that in the individual singles matches will be slightly lower liquidity than the four balls and the foursomes. You probably want to narrow your focus to good position trading and short term trades in the individual markets.

If you look at the four balls that tend to be the most varied. I went through all the Ryder Cups since 2004 and looked for occasions where more than two selections traded below odds on. What that means is when a team gets into the lead it probably makes sense to lay them at fairly low odds in the anticipation that the other team will come back into the match at some point that works particularly well on four balls.

If we look at the foursomes that’s a little bit lower because the structure of the foursomes is different and they have different incentives to score. At the bottom of the list, we get to the singles on the last day, because we’re talking about the group effort of singles we’re not talking about a strategic play here. They’re just trying to win, so as a consequence about two-thirds of those will trade odds on and still go on to lose. However, the price at which that occurs will be a little bit lower.

There’s a gradual sliding scale in terms of the chance of players or matches trading odds on and the price at which they reach because the outcome is going to be more or less certain. The incentive to score or to try and go for an amazing shot varies across individual markets and individual groupings.

When you look at the singles, if a player is desperately in trouble and he could lose the hole, he may just go for a wild shot. If he’s got nothing to lose and he’s about to lose the hole why not to go for it.

However, when you look at, for example, the four balls you may find that there’s a little bit of co-operation in terms of the way the players are likely to play, given how they’ve played their first couple of shots. Overall, what you tend to find, is the match odds markets produce some great trading opportunities, they’ve got reasonable amounts of liquidity and you’ll very often see some quite variable outcomes on those individual matches.

There are lots to get stuck into, so I hope you enjoy the Ryder cup, where you are watching, betting or trading!

The post Betting and trading the Ryder Cup Golf appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

How to import your betting and trading selections

There are quite a few components to successful betting or trading.

Everybody wants a winning strategy, but part of your process should be to select a suitable market and a suitable selection within that market.

Bet Angel can import your data

Before version 1.56 of Bet Angel, the only way you could bring data into the software was to push that data into Excel and then bring that data into Bet Angel via a stored value. But now you can bring your selections directly into Bet Angel from a CSV file.

This means you can use third-party software or your own code to populate a text file which Bet Angel can then read and act on with its advanced automation. The data is pulled in via the automation into the ‘stored values’. These are basically variables that you can use elsewhere within the software.

What can you do with your data?

Once the data has been pulled into Bet Angel. You can use it to display information on your favoured trading interface, use that data to perform calculations or bet on information contained in that data.

Looking at things simplistically you can use the source data to just place a simple bet or trade on a selection contained in that file. But at the other end of the scale, the sky is the limit.

The best use of this feature that we have seen, so far. Is the ability to pull a whole range of data from a popular football statistics site. Bet Angel then takes this data, displays it and allows you to act on a whole range of statistics. If you want to use this, check out the thread on the forum. It is a slightly more advanced use of this feature, so you will need to do a couple of things to make it work: –

https://forum.betangel.com/viewtopic.php?f=6&t=22924

How to pull in data

To pull data into Bet Angel, you simply request it via an Automation rule type. This rule is ‘Set stored values using a file’. To select the file you wish to use, simple move to the ‘Parameters’ tab and select the file.

If you are using Bet Angel version 1.56 or higher the file format you need is stored in the templates area of the Bet Angel installation. You will also find in there an example file pre-populated with some examples so that you can get up an running in no time at all!

Enjoy!

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