BlogRead the Latest News

 

See Your Potential Profit with – What If?

Bet Angel’s what if function

The ‘What If’ option available on the Bet Angel Ladder and One-Click trading screens allows you to plan your trades quickly and easily without the need for a calculator. It can be especially useful if your new to trading or using Betfair trading software like Bet Angel as it allows you to see the profit/loss from a bet before you actually submit it.

This is of course easy to work out if your backing something at 2.0 for £100, but if laying something at say 3.80 for £75 its takes more a few seconds to work out exactly what your risking and if it’s acceptable to you.

Another common use for the ‘What If’ option is if you already have an open position’s and want to see how a bet you’re considering placing will then affect those positions. Or perhaps you are considering reducing the liability you have on a selection but don’t know what stake you need to submit at the current price to reduce it to the liability you want, and/or how much it will affect the other selections.

Once enabled the ‘What If’ option works the same on both the ladder and one-click screen, you simply need to point your cursor over a back or lay price as if you were going to place a bet and the software will calculate and display the ‘What If’ Profit/loss amounts the bet will have next to each selection based on the price you’re pointing at, the stake and staking method selected.

In the images below I’m using a £100 stake and you can see the prices I have the cursor pointing at, you can then see highlighted the ‘What If; profit from this bet, if I move the cursor over other prices this value will then immediately update, and of course as it’s a £100 back bet it means I will have a -£100 loss on all other selections.

Enabling ‘What If’

To enable the What If display on the ladder screen, simply click the spanner icon to open the ladder settings area and select the ‘Additional Information’ tab, for the information type you need to select ‘Profit Values’ then ‘What If Projected – Profit & Loss’. If you don’t want it displayed above your ladders you can use the ‘Display Order’ tab to position it anywhere you want.

On the one click screen click the ‘Column Chooser’ (the grid icon with a yellow line through it), and at the bottom of the list tick the ‘What If’ boxes. You will then see the new custom columns appear at the end of your one-click grid. (These can be dragged and dropped into any order).

You are now ready to go, an added bonus of this feature means you can just leave it enabled and go about your regular trading/betting but at a glance can always see the impact the bet will have before you click your mouse. As in the image below, a back bet has already been placed a £100 back bet on the 3rd runner and now looking at laying the 2nd runner at 7.2, before clicking the mouse I can clearly see what my potential liability (loss) will be on this runner and how the updated P/L on all other runners.

The post See Your Potential Profit with – What If? appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

Bet Angel | New Feature | History Lists

An innovative feature added to Bet Angel V1.55 was the ability to store values into independant history lists, this expands the uses of the already powerful Stored Values options even further and opens the doors to even more possibilities.

History lists – The concept

If you come from a coding background, history lists are very much like an array. If you are not a coder, then the concept of a history list is to store stuff. This will most likely be data from a market you are trading, which you can then work with and display elsewhere on Bet Angel.

History Lists, as the name suggests, enables you to store historic market data like back/lay/last traded prices, Volume, Book%, Profit & Loss and loads more quickly and easily in up to 10 unique History Lists.

The data in these history lists can then be referenced and used throughout other areas of Bet Angel, for example you could look up stored values from a history list and;

  • Trigger other automation/servant rules like placing bets, alerts etc
  • Display their values on the One-Click/Ladder trading screen
  • Create Markers to highlight cells and rows on your Ladder screen
  • Plot your own unique Advanced Charts
  • Export and review the data at the end of the day without the need to create/use a specialist Excel ‘Data Capture’ worksheets

NB, in V1.55 it’s now also possible to reference regular Stored Values in the first three of the above

More Added Features

To complement the Storing of Values to History Lists. We have also added in V1.55 to the ‘General’ tab of the automation/servant rules editor, the ability to trigger rules
‘Unlimited’ times, rearm on ‘Each’ refresh and trigger on ‘Every’ selection.

This means with as little as a single rule you could store the prices of every selection as frequently as every refresh into a history list, then use that for any of the tasks listed above and more.

I’ll be putting together a few ready-made examples showing just some of what’s possible with the new history lists and how they can be used, you will be able to download and import these examples directly into your Bet Angel and begin using straight away or edit to suit your own requirements.

As well as ready-made examples over coming weeks and months I’ll also be doing some step-by step guides which you can follow and set up exactly the same way or make some slight changes along the way to create your own bespoke settings.

Before any of that why not have a go at creating your own ‘history Lists’ to store some data.

Creating your Own History List

Creating a rules file to store values in a History list is very easy even if you’ve never used automation before but are interested in other things like the data, creating unique advanced chart, displaying information and/or customized markers on your ladder from values in a history list etc.


Begin by opening Guardian by clicking the green ‘G’ icon, then add some markets to Guardian, highlight one so that you can click the ‘Create a New Rules File For Selected Market’.

When the rules editor window opens select the rule type ‘Set/Modify a Stored Value’ from the list of Rule types, and give it a name of your choice, in this example I’m just going to call it ‘Store Price History’.

I’ve also set it as always armed so as soon as you apply the file to a market each day it will begin triggering, with an unlimited number of triggers, rearming every refresh.

(nb, you may not want that much data and may prefer to just store the prices every second, 30 seconds or minute etc or only want the data storing in the last hour before the event starts – the choice is yours).

Next move onto the ‘Stored Value’ tab and choose ‘Store Value in History List’ from the picklist.

You can now just need to select what information it is you want to store in your history list, in the image below I’ve chosen the ‘selections back price’ in the ‘History List 1’.

And that’s it, it’s as easy as that!

Now just click ‘Apply’ and then click the ‘Disk+’ icon to give the file a name of your choice and save it. Its now ready to apply to your markets each day, and every time the market gets refreshed the rule will trigger and store the back price of every selection to history list 1.

But while were here why not also store something else to another history list?

Adding More History Lists

To do this just click the ‘New’ button in the bottom left corner and you can now add another ‘Stored Value in History List’, this time selecting ‘History List 2’ and choose whatever it is you want to store, this time I’ve chosen to store ‘selections Lay Price’.

Then click ‘Apply’ and this time the ‘disc’ icon to re-save the file. Its upto you if you stop now or continue to add further stored values into other history lists.

Storing History Lists at Different Intervals

Perhaps you want to store values of something else but only need it storing for certain times ie, the last hour before the event starts and/or only want it storing at a different rate ie, every minute rather than on every refresh.

To do this we just need to go back to the ‘General’ tab and in the upper left corner of the window click the green ‘+’ icon to add another rule.
Then just as we did the first time select ‘Set/Modify Stored Value’ rule, but this time we’ll setup some different times. In the image below I’ve set this rule to trigger 30mins before the event start and re-arm every 60secs and trigger 30 times.

Then on the ‘Stored Value’ tab I can select the information I want to store and which ‘History List’ its to be stored into, this time I’ve chosen to store the ‘Market Volume’ into History List 3.

At the bottom of this Stored Value window there is the option to write the Stored Values to the log (highlighted in the image above).

Bet Angel V1.55 has also had major changes made in how log data is written and stored so you can now write much more to a log than in previous versions, however if your storing data to history lists this can still build up very fast especially when storing it for every selection, every refresh and in dozens of markets throughout the day and will soon begin to slow down and eventually may eventually lock up your PC under the strain.

It’s therefore recommend that when storing lots of data to history lists just for plotting charts, triggering other rules and to display on your main trading screens etc keeping this box unticked.

Only use it when first setting up a rule to check you are storing the values correctly and how you want them, or if your storing data to history lists less frequently and/or want to copy the log contents into excel at the end of the day for later analysis.
On the first two history lists I left this unticked, but for the third containing the market volume I will tick so that I can copy it into excel each day and plot the volume arrival
.

So we now have a rules file that when applied to markets will store the back price of each selection to the history list 1 on every refresh, the lay price for every selection to the history list 2 on every refresh, and 30mins before an event starts will begin storing the traded volume of the market every 60 secs to the history list 3. All the values stored throughout the day in these History Lists can now be referenced in the other area’s of Bet Angel as detailed near the top of this post.

All that’s left to do now is click ‘apply’ and re-save the rules file by clicking the disc icon at the top of the window and its ready to use.

Using The Rules File

Once you have your markets in Guardian simply click the ‘Apply rules file to all markets’ on the main banner , or select the markets you do want to apply it to.

Once the rules file is applied by highlighting any of the markets and ensuring the ‘log’ tab below the bottom window is selected you will see the data for the ‘History Lists’ where you ticked the ‘write the Stored Values to the log’ being writen to the log.

At the end of each day you can use the ‘Copy to Clipboard’ button in the bottom right corner to extract that and save as a .txt or .csv file for later anaylsis and charting etc. For more information on this (with no excel knowledge required) please see the following post from the Bet Angel Forum.

Example History Lists

I would always recommend you have a go at creating your own unique History Lists first, as you never know what you might want or need them before, but if you are still struggling I have added some ready-made example History Lists to the Bet Angel forum, there are a few seperate lists you can download and each will import a different type of data, ie, price, volume, greening values etc.

Many of the future examples I post here and on the forum may also use data stored in these History Lists so if you want to downlod them either for your own use or ready to use with future examples you can get them from the following forum post

Final Tip

If your new to using Guardian it’s important you understand how Guardian cycles and refreshes markets to ensure you have Guardian configured optimally for what your doing, for full details on how Guardian cycles and refreshes markets and how it impacts on ANY rules file being used please see this post.

The post Bet Angel | New Feature | History Lists appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

Trading the Goodwood & Galway festivals

Here is a blog post about how to trade GoodWay on Betfair. No that’s not a typo! There are two race meetings that should get your attention during this busy week. The feature meeting of the week is the Qatar Goodwood festival, or Glorious Goodwood, whichever you prefer. This is a race meeting that should definitely get your attention this week.

The grounds surrounding Goodwood house are known for many things including the Goodwood festival of speed. But the racecourse perched on the West Sussex downs is surrounded by stunning countryside.

It’s one of a number of racecourses I’ve visited over the years and its up there on the list of racecourse and meetings I would recommend. If you are into Golf, the Goodwood estate also has a decent Golf course. It’s a bit of a favourite of mine after I discovered the area many years ago.

From a trading perspective, I like multi day high-quality meetings. They usually throw up some good opportunities and are a welcome addition to any month.

Goodwood racing – Trading conditions

As you may know, these higher-quality meetings produce extra volume and that can change the characteristics significantly when you are trading on Betfair.

But don’t let Goodwood fool you into thinking it’s the same as a Royal Ascot or Cheltenham, it behaves very differently. Goodwood benefits from decent volume pre-race but it’s not as much as some major meetings. Therefore it can be a little tricky at times to get exactly right. When you look at in-play markets the course topography ensures an ‘interesting’ challenge as horses navigate very variable terrain.

I tend to find that money piles into Goodwood in the sort of manner you get at other major horse racing meetings. It sort of forgets to look at the race card and above-average money ploughs into the lower quality stuff as well and that makes the fill rate poor.

Most Betfair trading strategies rely on fill rate in one form or another over the long term. So lack of it can be frustrating and it may impact your ability to trade a betting exchange market. Look at some these horse racing markets and you may find too much money ends up chasing not enough opportunity. If you find yourself in the position where you lose money when trading at Goodwood, this could be why.

You can pick off some good quality opportunities. Typically, the race card at Goodwood is a feature race surrounded by other races at the start and finish of the racing card. So the way that the markets trade, change over the course of the day.

As hinted, the flow on the Betfair exchange feels very different at Goodwood when compared to other major meetings. You may get off to a bad start only to build into some more favourable positions as the day peaks and then end in a similar manner to which you started. It takes a bit of care to flex your aggression appropriately.

The best Goodwood trade ever!

Goodwood is much better than the normal day to day fodder you are used to though, but not quite on the same scale as other major meetings. Last year, at post time, it turned over around 40% on average of a typical Ascot race. So, by all means, welcome a decent festival in the summer, but just have realistic expectations.

Average volume per race at Goodwood is around £1.1m. Last year it turned over £38m on the week with the biggest race doing £2.2m and the lowest £500k. That about sums up Glorious Goodwood.

I’ve often had mixed results at Goodwood, so Tuesday is my day for ‘feeling’ the market and testing its boundaries.

Day one has a pretty mixed up card, a bit of everything in there. So it should be an interesting base to work from on day one. There will be a variety of markets in the mix so half decent stakes and care will be my hallmarks for the day. I’ll update you on my progress Via social media.

There are plenty of themes that can run through these big meetings and get a few drunk racegoers trying to impress their better half on ladies day and you can set of some gambles. You see this at a lost of race meetings, like Frankie Dettori at Royal Ascot 2019 and the same thing happened at Goodwood with Ryan Moore in 2017: –

https://www.betangel.com/blog/trading-goodwood-ryan-moore/

Trading the Galway Festival

Don’t forget you also have Galway this week as well, so plenty to keep us occupied. Galway runs for the entire week and is a giant p*ss up, apparently, there is some racing on as well!

Irish racing tends to be a little quieter on the turnover front and a good festival tends to the the same sort of volume that you would expect for a normal race in the UK.

The interesting thing, as I have pointed out on the blog, is that Betdaq performs well on Irish racing and will perform well at Galway. Again there will be a drop in volume but the fill rate is so much better on Betdaq. I am half expecting to earn more on Betdaq this week at Galway, than on Betfair.

The biggest race last year at Galway produced £882k, the smallest a paltry £144k!

If you are off on your hols soon, This week presents a decent range of opportunities to get stuck into before you head off! So fire up your trading software and make the most of this busy week. Plenty of gaps after this week to enjoy the rest of the summer!

The post Trading the Goodwood & Galway festivals appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.

Bet Angel’s unique new tool – ladder markers

The Betfair Ladder Trading screen on Bet Angel, is likely the most used and certainly the screen you’ll see most often when watching Betfair trading videos, especially horse racing.

What is a trading ladder?

The ladder is a view that will be familiar to anybody that has traded on the stock market. This is because in a similar way to a stock exchange market, real-time full market depth is shown on ladder display. This allows you to see the order book and where unmatched orders are sitting in a market.

Betfair traders often look at the ladder in volatile markets to see where prices are heading in the short term and ‘trade off’ of that information. They can see matched and unmatched bets and react very quickly as new infromation becomes available.

Although just about every trading software that plugs into the Betfair exchange will offer a ladder interface, how people use it and what they want from it differers hugely.

Why you should customise your ladder

It’s important in a competitive trading market that you get your own edge. You need to find your own unique view that give you some insight that another trader isn’t looking at.

That’s why the Bet Angel ladder trading screen is the most customisable ladder trading screen on the market, it doesn’t matter if you are a pre-off or in-running racing trader, a football trader, tennis trader, golf trader, greyhound trader or trade any other sports. The options and tools on hand in Bet Angel caters for everything.

The ladder settings, options and ways of customizing are so vast that there has already been a few blogs done to highlight specific areas and ways of customizing your ladders, if you’ve not yet seen them they are worth checking out as there’s almost certainly some settings or options that will be of use to you that you were unaware of, I’d suggest starting with these three at least

Ladder Trading Screen – Designed by You

Display Special Trading Information

Predicted Football Odds on Ladder

Take your Betfair trading to a new level with ‘Markers’

We are always trying to think of ways to improve your trading on Bet Angel and with the release of Bet Angel V1.55 the ladder trading screen has had yet more options and features added giving it yet another layer of customisation.

A major feature added in V1.55 was what we’ve called ‘Markers’. As the name suggests these are markers which you can place on your ladder as visual reference points. Not only can they be configured and placed manually but they could be set using a Servant or Automation rules file in the background.

There have also been several major enhancements in other areas of Bet Angel in V1.55 many of which can now be referenced on your ladder screen, allowing you to display almost anything you want on there, including things like stored values, historic data, markers, scores, predicted profits and so on.

Using Bet Angel ‘Markers’

A good way to showcase some of these new options and the scenarios you might find them useful for, is to post some links to some ready-made ladder settings files. You can download these from our forum and import them directly into your Bet Angel, these are then ready to select and use straight away.

To begin with, this makes use of an option that’s existed in Bet Angel for a few years now which is the ability to ‘Import (& Export) Ladder Settings’, this options allows you to download and import any of the ready-made ladder settings files from the Bet Angel forum. You can also swap/transfer your own ladder settings from computer to computer or to friend or family members computer quickly and easily without the need to re-create them on each machine.

New Ladder Designs now Possible

Let’s have a look at some of the things you can now do with Bet Angel Professional.

The follow are examples we have given that you can use or modify. The range of options you have is almost unlimited. But let’s look at some specific examples: –

Best Back and Lay Prices Highlighed in Odds Column – This is a useful file for in-play trader when the prices are moving very fast and its difficult to see where the current best back/lay prices are and how big the gap is between them, other options this settings file uses is the the auto-center so you’ll never lose track of where a selection is trading no matter how much it odds are jumping around and the traded volume is displayed in percentages rather than monetry amounts.

Highlight Crossover Odds on Ladder – This Ladder settings file makes use of the new markers added in V1.55 and highlights the odds where the odds where the price increments change ie, 2.0, 3.0, 4.0, 6.0, 10.0 etc, also known as the ‘Crossover’ prices/odds. This also displays your EPIQ (estimated position in queue) within the traded volume column.

Highlighed Key Price Markers (Fractional and Crossover) – Similar to the file above except this goes a little further and also includes markers around where the fractional odds traditionally used by Bookmakers appear on a decimal ladder screen. You will often see price trade between two sets of fractional odds so if you don’t already know were they appear this type of setting will help show where ranges will likely form between.

High/Low Back & Lay Prices Highlighed on Ladder – This type of settings can be useful when trading a few types of sports as it will show you the high/low prices each side of the book has reached since you last requested it, ie, you tell it when to start monitoring and it will show the high/low prices reached thereafter, you can then reset it again anytime you want with the press of a key.

Selections Volume Increase Since ‘X’ time ago – There could be also sorts of uses for displaying this information, the settings used in this file will display the increase in volume for each selection since 5 mins to the start, so its typically set up for pre-off racing traders who want to see which runner the money is coming for especially in competative handicap markets. It could however be used in just about any sport to measure the increase between two intervals or the in-play traded volume etc.

Display the Last Traded Price & VWAP as Faded Markers Overtime – There are two settings file to download from this post, one will show the LTP in the odds column ‘fading’ over time so you can easily see if the price is trending in a direction and if so how quickly its moving or if its stuck in a range, the other displays the VWAP (Volume Weighted Average Price) and uses traffic light colours to indicate historic VWAP prices

VWAP Marker with Matchsticks – This settings file is useful if you want to know where the VWAP is and see the ‘Matchstick’ charts on the side of the ladder to help pinpoint either an entry or exit or maybe if there’s a change in direction after the VWAP is broken. This too also shows the traded volume as a percentage traded rather than actual volume.

Staying up to date with new templates

What you see here is just a the small tip of what is a very large (seemingly neverending) iceberg, were almost anything is possible.

Of course, you can combine any of the settings used from any of the examples above with those in another, to create your own unique bespoke ladder settings for all sports and Betfair trading strategies. Or maybe you’ve seen something in one which you think will be useful or compliment an existing ladder setup you’re already using?

It’s worth keeping an eye on the ‘Ladder shared files’ section on the forum where there are new examples are being uploaded regularly. Even if you don’t need that particular settings file, you may just see one of the many options available that you were unaware of which you’d have use for in a different context.

We hope you enjoy all these new Ladder trading optionst that will take your Betfair trading to a completely new level.

The post Bet Angel’s unique new tool – ladder markers appeared first on Betfair trading blog | Expert advice from Professional Betfair trade.