Sports Betting for a living | Key tips revealed in candid BBC interviewWhen people ask me what I do for a living I'll often pause for a moment and answer, "I watch sports for a living"
It's easier to say that than I'm a Betfair trader, or I'm a professional gambler or I bet for a living or something similar. That requires a lot of effort to explain.
Sports betting for a living is unusual and poorly represented, so I've often reached out to the media to explain what I and many others do in more detail.
In this video, I talk about the concept of my style of sports betting, Betfair trading in an interview with the BBC. There was no preparation for this interview, I just turned up and was interviewed.
You may have heard some of this before, but it was in need of an update.
I actually did about six interviews over the course of three years and this video is an amalgam of two of those interviews.
It explains exactly what I do for a living and how I do it and the sort of things I am looking for.
If you are a beginner at sports betting or Betfair trading it should give you some insight into what professional betting involves. Especially in the space in which I operate, betting exchanges like Betfair and Betdaq.
Visit the Academy if you want to learn more about how to trade: -
If you already are experienced and people think you just 'gamble' for a living. Hopefully, this video will explain what you really do and why and that it is actually something that has been viable for a long time.
00:00 - I watch sports for a living
01:29 - BBC Radio interview
01:55 - Sports trading vs financial market trading
02:55 - Knowledge you may, or may not require about a sport
03:13 - Keynesian beauty contest & trading any market
03:59 - Betfair trading explained
05:48 - Hedging your position to win whatever the result
07:02 - Trading football markets
07:29 - US Masters Golf
08:03 - How much money can you make
08:32 - What is a day of trading like?
09:46 - Summary
#sportsbetting #betting #betfairtrading
Betting Tips: The secret to profitable Betfair trading and bettingI hate using words like 'secret' and profitable but ultimately that's what this video describes.
You see lots of Betfair trading videos or various Betfair trading strategies giving betting tips, but very few, if any, actually describe the trading process and its key objectives. People who move over from traditional gambling or matched betting often fail to get their trading risk right.
In this video we accurately appraise some of the key metrics you require to trade profitable and these should form the basis of any Betfair trading strategy you deploy whether you use Bet Angel, Betfair trading software or just the plain old Betfair betting exchange website.
When you review Bet Angel it has lost of hidden features that help you achieve these things. If you are interested in more depth then comment below and I can expand.
Are Sports Betting Hedge Funds a Scam? The truth about managed sports betting fundsWant to make an income from sports betting? What better strategy could you have than giving your money to an expert and letting them do all the hard work.
They can implement their favourite betting strategy and you give them a small cut of your profits in return for you lending them some funds?
For many years it was impossible to make an income betting as you were betting against bookmakers and if you won they didn't. It was an equitable relationship.
That all changed when betting exchanges came along. Suddenly it was perfectly possible to do long term profitable betting. While it's better to describe betting for a living as speculation, it was the first time in betting history that you could actually get some sort of an income from betting.
Unlike sportsbooks of the past, you would not be limited, restricted or your account closed on a betting exchange. You could do anything you wanted.
You could also trade on Betting exchanges in the same manner to which traders would work on financial markets.
In short, you could trade the sports betting market just like the stock market.
When this idea caught on, suddenly sports betting hedge funds appeared as well. That is what we are looking at in this video.
To learn more about sports trading visit - https://www.betangelacademy.com
00:00 - [ Introduction ]
00:33 - [ Launch of the world's first sports betting hedge fund ]
01:22 - [ Trading on Betting exchanges ]
02:47 - [ Sports betting hedge funds are launched ]
03:42 - [ Turnover on Betting exchanges ]
06:15 - [ Performance of early hedge funds - Centaur Global]
07:30 - [ Actual trading positions placed by a hedge fund ]
08:15 - [ Stratagem Technologies ]
09:06 - [ Summary ]
#betting #income #hedgefunds
Here is why betting markets are not efficientThis video is about why betting markets are not efficient and why, if you approach things in the correct manner, it is possible to profit from them long term.
This video supplements the blog post list here: -
I just completed another successful year on the markets. Something which seemingly is impossible as the betting markets are completely efficient and can't be beaten.
I learnt some time ago that there were flaws in this hypothesis and have spent many years understanding why.
But more importantly, I've spent a lot of the time in the markets exploiting the fact that they must be inefficient.
So as I head into year 22 I'm very confident it will be a profitable one. I explain why in this video.
Profiting from Sports Betting | What's the big secret?I've been betting and Betfair trading for a very long time now. One of the things that I discovered is when betting, people tend to make obvious choices over less obvious choices.
This leads to a distortion in the market which creates opportunities for people willing to go against the grain.
Pursuing a betting strategy like this though requires a complete leap in mindset, a logical and appropriate staking strategy and willingness to accept that you will look like a complete fool the vast majority of the time.
You will also find that when you win, you will be considered lucky. People won't believe that you actually bagged a winner at a big price.
But ultimately that is why this betting strategy has proved so profitable for me over so many years.
You find that people prefer the thrill of a regular win, even if it is not profitable in the long term. This tends to be because the most frequent winning strategies distort the market in such a way that while you win in the short term, you won't profit in the long term.
In this video, we show you an example of how people get probabilities wrong and while it's not directly applicable to sports betting, it should illustrate to you the key point of this video.
That is, that outside chances occur more frequently than people think!
#betting #bettingstrategies #winatbetting
The amazing £23m Christmas sports betting error. How did Betfair blunder?On December the 28th 2011, we saw a sports betting error of enormous proportions on Betfair.
Betfair exchange users watched in astonishment when somebody offered up over £20m at odds at decimal odds of 29.
Not only that, this was still on offer as the horse crossed the line. There was so much money available that only £1.6m of it was matched at the winning horse crossed the line.
It was the most amazing market ever. But what happened? How did Betfair blunder?
If you want to know the specifics of what happened from a technical perspective, check out my blog post. On it I received an anon comment on the detail of what happened: -
To mark the tenth anniversary of this amazing event. I have re-cut the last video I did on this for the benefit of people who would never have seen the original video or heard about this before.
#betfair #horseracing #betting
Betfair trading | This is how to see losses as part of your strategyI'll often post individual Betfair trading results or longer P&Ls to show you two things.
The former, that I'm still here actively trading and have skin in the game and the latter to show you what a professional Betfair trader's P&L looks like.
I'm not afraid to admit that I have quite a few losses and to be completely honest, so should you!
Losses are part of a trading plan, not something to be avoided at all costs. You should learn to embrace them and have them as part of your trading plan.
When you do that, you find it easier to take a loss and quickly move on to the next trade. If you fail to come to terms with losses in your Betfair trading strategy, then you end up becoming guided by them.
This is either in terms of influencing your current trade position or failing to accept a loss. Or trying to win back your losses on your next trade.
Both of these things are big problems to successfully achieving long term profitability. So you need to come to terms with losses and what role they play in your overall strategy.
Videos mentioned in this video: -
How to take a profit and a loss: -
Get Rich Slowly: -
Profitable long term trading: -
How I successfully minimise my losses: -
#betfairtrading #betangel #peterwebb
Lowest Risk Betting Strategy | How to be a Bookmaker and always win!There is only one sure way to win on sports betting, how? What is the ultimate betting strategy? One that has been a source of income for as long as there have been sports to bet on?
Well, everybody says that only the bookmakers win, so how do they win?
When you place a bet on a sportsbook or with a traditional bookmaker, the bookie or the layer on the other side of the sportsbook always seems to be up on the deal at the day. How is this possible?
In this video, we examine bookmakers and how they price a market and how that results in you losing money. Even if you use some good betting tips or are great at betting predictions, you can still lose unless the market is fair.
We use decimal odds in this video, the sort of odds you see on the Betfair exchange.
While we are focusing on the bookies here and not specifically Betfair trading, this video should prove useful for your understanding of the betting exchange markets. At the end of the video, I show a football market in Bet Angel and compare it to the bookmakers' betting coupon and show you how that differs and where the bookmaker's margin is.
Pricing a market as a bookmaker is very different from matched betting, hopefully, you will see that in this video.
#betting #bookmaker #sportsbook
How I got BANNED from Sports Betting but still make money!!I got banned from sports betting.... thirty years ago! It was something that defined what I do, but also led to ultimately the most amazing betting system ever!
This is a video on how bookmakers/bookies kicked me out of the sports betting industry by restricting my accounts through being stake limited and how I got eventually banned from sports betting.
As everybody knows the most risk free betting you can have is through doing some arbitrage. This is what gets most people banned from sports betting in the modern era.
But back when I started in sports betting I came up with a much better method of placing bets and getting a positive expected value. This led me to win in the long term.
This was my first (and last) experience of how they could stop you from placing bets if they thought you were a winner and it was at that point I turned my back on the industry.
Of course, betting exchanges changed all that and heralded my return to the industry through Bet Angel.
I initially started arbing (most people would recognise this as matched betting) before trading took over my attention.
The reality of betting, being banned or restricted by a bookmaker? Here is a simple solution!Punters being restricted by a bookmaker, or even worse banned. Has been the downfall of many a profitable sports betting strategy.
No sooner do you find a winning strategy than you find you can't get your bet on anywhere for any amount.
I too was banned from placing bets with bookmakers and thew in the towel many years ago, roughly 30 years ago to be more precise.
So I gave up and stayed away from betting markets until the birth of betting exchanges, like Betfair.
But even then I returned to do some arbitrage between bookmakers and betting exchanges. But I got caught out again by a bookmaker who refused to pay out.
However, there is a happy ending and it should be something that you throw any anybody that complains about being restriced, banned or palped by a sportsbook or bookmaker.
The most incredible & controversial market betting market ever | £1.7 Bilion wageredDuring the US next President betting in 2020, we were treated to a remarkable political betting market between Donald Trump and Joe Biden.
The previous US President market in 2016 was the Betfair betting exchanges biggest market ever at just short of £200m.
But the highly fractious and controversial 2020 election campaign smashed through that record to match a total of £1.7bn.
In this video, we review that insane amount of betting money matched on the market and why it may not be the same amount risked as you think.
We also look specifically at issues around the settlement and why Betfair maybe should have settled the market earlier but kept the market open until the last possible moment.
Unfortunately, this led to a lot of people continuing to bet on something that had theoretically ended.
However, there are still betting markets open when you can still effectively bet on Donald Trump to remain in the Oval Office in 2021 and beyond.
As I'm an advocate for Betfair trading, I traded the market and have no additional gain for whoever won the race and whatever happens after election night.
My views here are based on what I've learnt in 20 years on the markets and are not influenced by the outcome. Just thought I'd point that out.
#betting #political #uspresident
Matched Betting - Is it FINISHED? | NEW account restrictions rolled outMatched betting is a really great way to get started in your Betfair trading career.
It's a form of arbitrage betting where you can back at various prices and net a risk-free profit from sports betting.
It has been very popular over a large number of years and popular amongst students to supplement their income. Even MoneySaving Expert has a matched betting forum!
As gambling legislation tightens, however, the very concept of this betting strategy could be under threat.
Free bet offers and sign up incentives are coming under close scrutiny, but this week I learn that the Betfair exchange had introduced deposit limits on accounts of anybody aged 18-25.
Deposit limits are roughly the same as loss limits, but are phrased as 'spend budgets' by Betfair.
I don't think this will be a problem if you are Betfair trading. But they could be a problem if you are a traditional punter or matched bettor.
This is because if you get a losing run, you will effectively be stopped out of your account until the start of the following month.
It's not ideal and could mean the end of matched betting for anybody aged under 25.
If you want to get involved in the compliance side of things that I mention in this video, you may want to read the thread on the Bet Angel that popped up over the last year: -
In this video: -
00:00 - Introduction
00:36 - What is Matched Betting
01:39 - New account restrictions announced
02:31 - Why has this been introduced?
03:27 - Betfair introduce spend budgets for under 25's
06:10 - How to increase your limit
07:22 - What do I think about these restrictions
08:44 - Understanding the implications and whether it will affect you
#matchedbetting #betting #betfairtrading
How to Make Money from Arbitrage Betting, then take it to a whole new level!I'm going to share with you how I made money from arbitrage betting but took it to a whole new level. I'm not just talking about making a bit of extra cash on the side, but something that made me quit my full-time job and more or less bet for a living.
Arbitrage betting can be a great way to make some extra money, and in this video, I'll show you how I approached it.
I started off going to bookmakers and placing bets there. But the pickings were pretty slim.
When Betting Exchanges were born this exploded the opportunities available to arbitrage. You could back with a bookmaker or sportsbooks and hedge your arbitrage bet on an exchange.
You can still do this sort of thing with a lot of sportsbooks, like Bet365. But you will probably be quickly limited as a 'sharp' customer.
However, realising the limitations of traditional arbitrage betting, I quickly moved on to another form of betting, which allowed me to scale up my stakes and profits dramatically.
This video is the story of how that happened and what I did!
If you are interested in learning more about Betfair trading. Watch these videos: -
Betfair trading doesn't need to be rocket science - https://youtu.be/KcFI6cltpiw
Profitable betting and trading - https://youtu.be/kdJMvqOZK8o
You can download a free trial of Bet Angel here: -
#betting #arbitrage #betfairtrading
How To Use Big Data To Predict The Future In Betting and Trading MarketsIn this video, we will discuss how to use 'big data' to predict the future of betting and trading markets.
I use data to formulate, test and use my favoured Betfair trading strategies.
The main reason for doing this video is to point out that much 'data mining' is useless. People often look for trends in data by backtesting.
The problem with this is that it just describes a data set; it does not predict anything. Looking at past data, you will always find a profitable and long-term winning strategy. But when you deploy it into a market, it will probably revert to me.
Check out this video if you want to see some of this sort of thing in action: -
How to predict BTTS markets in football - https://youtu.be/bj_8RbYrKtM
Also, check out our Tennis Trader tool that does a lot of the hard work for you: -
How to predict the winner of a Tennis match: -
This isn't a detailed, deep analysis, more a light introduction to what you should be doing and why.
In this video, we cover topics such as:
- What is data mining?
- How can it be used for predicting the future?
- What type of data is most useful for this purpose?
- Why do trading data services fall far short?
00:00 - Introduction
00:48 - What data I collect and why
02:00 - Bad use of historical data
03:53 - How some data can be completely false - Betfair SP
05:53 - How a V1 bomb shows us correct use of statistics
07:53 - A really basic use of using data to predict
12:10 - Summary
#betfairtrading #betting #data