The advanced API Betfair interface created
by the Bet Angel team provides a full spectrum day trading platform
based on technical analysis and market fluctuations.
The Betfair API allows software
developers to create super fast applications which harness the
power of your own desktop and are therefore not dependent on
outages or alterations on Betfair's own website.
As part of this industrial strength collection of trading tools Bet Angel have developed their arbitrage
bots based
on the 2 most historically successful gambling strategies, Bookmaking
and Dutching.
As already mentioned, as part of my own systems I frequently use the Ladder Trading
API interface
incorporated with Bet Angel Professional.
You will most likely already
have experience of the Bet Angel Basic 1-click interface as detailed
in my free report.
Bet Angel Professional Ladder
Trading is 1-click’s Big brother.
A cutting edge, real time
swing trading and charting interface that plugs straight into the
Betfair databases.
After the Betfair API release
of 2004, early bots were thrown together scanning the racing markets
for back column underrounds less than 100, or lay column overrounds
above 100.
When spotted, the entire field
could be auto backed or laid to a guaranteed profit.
It was something of a scrum
down for a while, but inevitably as more Betfair bots competed for smaller
margins, the strategy became fruitless. Examine the daily
markets as they develop today.
You will never see a market drift out to
105% lay column nowadays.
The Bookmaking bot provided
in the BetAngel trading package is THE superior product in its class.
By completion of The Flying
Dutchman and BE The Bookie systems, advanced Dutching and Bookmaking
arbitrage strategies, i had involved a host of manual procedures and
automation rules into the final systems.
All with the ultimate goal of
consistently building profitable positions pre race on the Betfair horse
racing markets.
Here are the specifications incorporated into my designs:
This striking array of
essential criteria were then put to the test in the field, real time,
with real Betfair betting exchange users of varying abilities and expectations.
The
results showed conclusively that they can be applied several times a day,
to build profitable pre race positions regardless of the outcome of the
race.
Because the Bet Angel client
sits on your workstation it connects directly to the Betfair databases
via the Betfair API, and so provides light -peed access compared with
Betfair's internet GUI.
The only specification is of
course a high quality workstation and a good broadband connection.
Precise configurations for your home network infrastructure are specified in my websites
Free Report.
When you have your Dutch or
Book configuration complete and the arbitrage automation rules trigger,
all your bets simultaneously hit the Betfair servers.
Because you will have been
thorough in your preparation and pre race technical analysis, when
your bets are fired in you will have a higher likelihood of achieving
lay at back and back at lay prices to build your margin on the race.
The Power Trading Systems are
unique in many respects. Most important in any systems and something
always left out of inferior system products is disaster recovery.
Avoiding unnecessary liabilities and
overall capital protection “should be” bywords in any realistic system and I
outline in great detail the exact procedures that should be taken, at
exactly which points, when a price “switch” event happens and the
starting price moves against you.
I'm not going to
insult your intelligence and tell you that all trades will go
your way every time.
Its what you do WHEN a
trade on Betfair goes wrong that determines whether you will be in the
market tomorrow or not.
And i don't need to
tell you - if you are not in the market you are
finished.
As I move through the systems
I introduce the concept of “pattern seeking” behaviour.
My analysis of racing history
and the form book take you deep into my ideas behind race selection and
field/margin reduction, in advance of building guaranteed Dutches and
Books on the betting exchanges.
The final strategy in my book
brings all my work together. The old and new world of horse racing
combine, with tight and precise form analysis meeting state of the art
day trading betting software.
I fully explain the field and
margin reduction techniques which allow you to spot poor favourites, and
then harness the power of Bet Angel to modify the staking and profit
targets in order to achieve the greatest possible market value for the
Dutch.
The way the methods dovetail
with one another is little short of remarkable and demonstrate how
profitable it can be to fully understand and utilize a range of
techniques from the old world of fundamental form study - AND the brave
new world of automated computer systems.
As I discuss at the outset of
my book different types of race present completely differently in terms
of how easily they can be predicted and analyzed, and accordingly how
the market reacts and shapes the betting.
A thorough understanding of
historical race statistics and form study massively improve the overall
profitability of all my betting systems, but are by no means essential from the
outset.
Throughout my work I stress
the importance of hard work and improving ones knowledge of the sport to
develop a natural instinct for horse racing and the future that I believe lies
with semi automated racing systems.
Part of the beauty of the
Ladder Trading API available with Bet Angel is the ability to visualize an
entire pre race betting market. This is an enormous advantage in terms
of being able to “feel” liquidity and predict price directions and
volatility.
As professional traders in
finance we
learn about the market “spread” in basic training; how much money
has already been matched and at precisely what prices. It is something
we will examine and use in our daily work in great detail.
Viewing the entire price
ladder with Bet Angel in this way allows us as betting day traders to get a unique
picture of the market and in turn make precise predictions with respect
to support and resistance price levels, and this in turn allows us to
develop price bands.
This basic technical analysis allows us to predict
with great accuracy the next direction for prices.
A full spectrum professional
day trading platform like Bet Angel also includes the ability to set
stop losses.
My power trading systems wait for arbitrage
windows to open and as the market moves out of line Bet Angel will be
configured to fire all your bets into the market. Back Bets for Dutching
and Lay bets for Bookmaking.
The Betfair market itself responds
quickly to close arbitrage windows as soon as they are recognized and so
prices can move very quickly up or down on particular horses.
Situations change very rapidly
in the 15 minutes pre race as horses enter the ring and professionals
get their first look at the horses.
Betfair markets can punish or reward fancied
and unfancied horses very severely and SP’s can double or half
accordingly in a matter of minutes.
Pre race Betfair market
fluctuations can only be described as "financial day trading on
acid".
Setting Stop Losses has never
been more important than it is on Betfair. Detachment from the process, and damage limitation are utterly
criticall for success and Bet Angel Professional again meets all the criteria.
I have written previously
about the psychological make up required to be a successful betting
exchange trader.
“Consistency” is a
personality trait common to all human beings; unfortunately it is the
death of many traders (career wise).
Consistency is "the desire to
be proven right once one has committed oneself to a particular
decision".
For example, you have placed a bet in the
back or lay column and “consistency” to that trading decision means that the
price MUST move in the direction you predicted or you will not be able
to trade out for a profit.
Unfortunately the factors that
made you predict the price movement 2 minutes ago are no longer valid.
Something in the ring has changed, the betting market view about the horse has
changed and a price switch event has happened. This is REALITY.
Fortunately using
Supercharting we can limit the likelihood of this happening.
We have all been here, the
evidence is plain to see as the price moves further against you and the
red liability climbs steadily. Do you :-
- React
with a stop loss, reassess the situation and begin trading to reduce
the liability?
- Sit
there waiting for another price switch even to happen and the
liability to fall?
If you don’t know the
correct answer then you are not ready for the Power Trading systems!
Even though the evidence is
staring you in the face in bright red as a terminally increasing
liability, the average Betfair trader sits there like a rabbit in the
headlights to his imminent doom.
The systems that I have
created combine a variety of different racing and betting
“cultures”.
I have taken my entire
knowledgebase from the worlds of:
