The Footy Trader

Even though I really like BetAngel for its professionalism for Mac users like myself that are only interesting in trading with a ladder interface, I recommend BinarySoft DBI. It will do all you want if you don´t need the advanced features that you can find in BetAngel, you just have to get used to the binary method of trading. You can even configure the way the ladder works too, plus you can see the equivalent Betfair prices as tooltip popups in the ladder.

I will be looking to trade on the Getafe vs Racing Santander. Getafe will be on a high after recently beating Real Madrid in Madrid and will be the likely winner of the match. As usual I will be looking at the under 2.5 goal market using BetAngel.

I love using BetAngel due to the fact it is what the professionals use to trade on Betfair, but today I decided to use SoccerMystic for a change. Still think that there are too many windows popping up sometimes but despite that is really is good to be able to see how long I might have to wait for the odds to drop down from the start of football game before I can put in the hedging bet to close the trade and be greened up. Soccer Mystic has a sweet graphing tab which sees the future.

I kept to my 1% profit target and was in and out of the market with the Middlesborough vs Sheffield United in the FA Cup replay in the the first 10 minutes of the game. Boom it was done and then shut up the shop. Seems to work the best for me to not be greedy in the first place and then to keep the time period of having a liability down to a minimum.

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The Newcastle vs Manchester United game was going to be a bit of a battle. But I messed up totally. I came to it late, the game was already running for 20 minutes and the first goal went in just after I placed my first back bet. I traded out to a loss on that then moved to the under 3.5 and late to the under 4.5 goals and I have had similar luck with all of them. The minimum loss was 0.45 and the largest was 32 on the under 4.5. I had just put in a back bet at about 77 minutes and Newcastle scored a goal. I would have traded out right after that because the back bet was bigger than I wanted to go with but Manchester scored again within a minute and blew the whole thing for me.

Must have been a wild game judging by the number of yellow cards given to the Newcastle players. Maybe I will get to see the game on Match of the Day this evening.

So it has not been a good day today and I should not have tried trading when I was still having to do things to finish off the party at the house. I just wiped out the free bets I got from Bwin and also the unders trading from the last week.

I will get more money in this week from some matched betting anyway, once I have sorted out the problem with the bank and the Cyber targeta.

I hope you all had a better time trading with BetAngel BetIE or BinarySoft than I did.

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Last night I traded on the unders on Betfair in the Champions league and I recorded some of the action. I should have recorded more but I was just busy concentrating on making money. Before the games started I have greened up halfway to the 1% profit target for the day. When the games started I put in more trades and let them green up too. I made about 2.5% in the end and I was able to add a little to that total by putting in a late bet on the under 2.5 goals at about 83 minutes on the Arsenal game which was at nil nil, and stayed that way to the end. I traded on all of the games and made varying amounts. The game with less liquidity was the Sevilla game so I traded less on that one.

The way I worked it was to trade at the begining of the game and have my 1% profit in the bag, then add to it after a goal was scored. Fortunately the second goal in the Celtic vs Barcelona game was very quick and so I didn’t get caught out by it. I like to move to the under 3.5 goals to do the next trade if there is enough money on the market, nice to have a couple of goals safety for the trading. It is great to be able to set up trades on all 4 games and see them in the monitored markets list with the latest odds displayed along with all the other necessary information, like Last traded price, net position, whether I have unmatched bets and the current profit or loss.

I will be editing the recording of BinarySoft BDI that I made with live bets Thursday late in the day or on Friday as I have decided to go to Barcelona for the day. I don’t go there too often as I am not keen on big cities too much. But there is an art shop I want to visit and also a book shop, I am keen to buy myself a couple of good sketch books, and get back into drawing again. It has been too long since I was drawing things that’s for sure.

Even though I like BinarySoft BDI I still use BetAngel because it is the professionals choice if you want to do more than trade with a ladder interface. In BetAngel you can set up just about any scenario for making money including setting yourself as the bookmaker. BetAngel even works with Excel spreadsheet so you can have some really sophisticated triggered betting.

Due to the day out I will not get time to follow up on the 80/20 tips on the horses either. Today I was busy editing the Wizardcast 31 in which I showed some of the basic functions of BinarySoft BDI betting software. I like the software because it works native on my Mac and it has a full ladder for trading. It does take a little getting used to at first due to the binary nature of how it works and the odds being represented by nought to one hundred, instead of the Betfair odds. In this latest version you can see the equivalent Betfair odds as a tooltip when your hover over the Binary odds though and that makes it easier to work.

With BinarySoft BDI the closer you get to the event being realised the closer you get to 100. So if you buy a position on the under 2.5 goals , which is the same as a back bet, at binary 50 which is roughly 2.00 in Betfair odds, the closer the odds get to 100 the closer you are to winning the bet. You can buy at 56 (1.79) and sell at 58 (1.72) to make a profit trading in and out.

Podcast: Play in new window | Download

I thought it was high time that there was a video showing how this software works. The concept is different in that instead of using the Betfair odds 1.87 or 3.45 or something like that, you have zero to one hundred. The closer you get to 100 the closer you are to the event happening. 99 for example would be equivalent to 1.01 in Betfair odds.

With trading you would buy at 55 for example and sell at 56 or higher to make money on the trade. Or you could sell at 66 and buy at 65 or lower to make money. It just depends on which way the money is going. For me at the start of a football game the odds head down or come in (in Betfair terms) and with BinarySoft the number goes up.

What I like to do is to buy at the start of a game and take my profit at 5 or 10 minutes into the game. I even think it is a good idea to set the sell to take just a couple of ticks of profit and get out quickly. Maybe it seems a little strange just reading about the concept, it took me a while to get my head around it, but once you see it in action you will understand it better and see the logic in it.

The 80/20 tips were decimated today by the Carlisle meeting being called off, there were 2 tips at Lingfield in there and both of those placed leading to a profit of €24.16 for the day. 1.21 betting bank points. The total is still minus €17.64 overall but as I keep saying with this it is a long distance race and not a sprint. I already have the tips for tomorrow so lets see what happens.

Racing Place tips did worse today again with a – €23.53 for the day. Who knows what would have happened it Carlisle had been running??

With the football I traded the Bristol City vs Crystal Palace match and did just enough to make the 2% for the day and then left it to watch some TV. I was working it by going in and out of the market to scrape money off when I saw that the Weight of money figure indicated that there would be movement in the right direction. The final score was 1-1 with Bristol managing to get an equaliser in the last minute.

I have seen this last minute thing happen a few times lately and I wonder about placing a lay bet at the last minute to have a bet with a very small liability and a big pay out when it does come off. If I had laid Crystal Palace before the goal went in I could have got 1.02 and had a very nice pay out when the game ended with the draw.
I was trading with BinarySoft BDI for the Bristol Game and I used The Soccer Mystic from BetAngel during the game too to see how the odds were likely to move during the game, It is quite impressive and useful during a game to see how the odds can be expected to move.

First of all to mention that the 80/20 tips came through on the last race at Wolverhampton. The horse Nigella got placed and took the profit to €29.96 which is 1.34 points up with 20 euro stakes.

Not so good with the tips from Racing Place for the day with it being minus €42.52 and thats minus 2.12 points of the betting bank. The total at the end of the day was still €104 in front. Good job it started with a very good days’ results on the first day. So far today with half of the days’ results in for Saturday it is down some more at €60 for the total. Still could turn around as there are plenty more races to come.

The 80/20 tips for the day are doing better though, the total is up to €85 so there is approximately an increase of €60 so far. I will update at the end of the day.

Football trading

I have a trade going at the moment on the Liverpool vs Barnsley game. Before Liverpool scored I put one on the match odds for them to win. I was trying out the Liability mode in BinarySoft and after the goal I clicked on the lay side to try and green up with out changing any settings. It got totally messed up and I and trying to rectify the matter now. It got to half time without any more goals. Liverpool should win the game but I would still prefer to trade out and have the profit locked in. To try and rectify the matter I put in another back bet on Liverpool but the odds didn’t move at all in the last 10 mins of the first half. When it starts again probably something will move and if Liverpool can get another all the better.

Update……

Anything can happen in the FA Cup and it was such a good idea to trade out of the early bet I had on Liverpool. Not long after I traded out Barnsley equalised and would you believe it but they actually won the game with a 90 minute goal leaving Liverpool no chance to reply. I lost 44 cents on that first bet but I made 52 cents on trading of the under 3.5 goals market.

I then traded on the Man United game and you can imagine what a disaster that was. I made most of the target 1%  on the under 2.5 goals and changed to the under 3.5 goals when I got caught with a goal and not being greened up. I traded out of that to a loss of €5. I went then to the under 4.5 goals to make up some of that and then traded on the Barcelona game at Zaragoza. I was left with a minus for the day but it was small enough and manageable,  minus 2%. It could have been worse, handy that I was able to make it up with some further trading.

Just have been trading on the Ajax vs Rotterdam game with the under 2.5 and the under 3.5 goals markets. I was lucky to have all my trading finished before the 34 minutes goal spree that saw the scoreline jump to 5-1 before the half time whistle.

I have my 1% trading profit in the bag already with trading on that game and also the Schalke vs Wolfsburg game. I am taking a cautious approach with my trading at the moment and it seems to be paying off. It is nearly half time with the Schalke game and it is still nil-nil. I probably could have taken more from the game but after the initial trades I have decided that I should wait until a goal is scored before having another go. If I do I might even go back in on the under 3.5 goals market on Betfair and keep the safety in the trading.

Today I am trading with BinarySoft BDI which has a 3 month trial period and I like to use because I can use it native on my Mac. I am totally impressed with BetAngel and can do more with it such as dutching, hedging, , bookmaking, making a market and just about everything. It even links up with Excel the spreadsheet and can do automated trading. I don’t have Excel on this machine though. The graphs on BetAngel’s enhanced ladder tab are just great because they update live.

BinarySoft BDI is supposed to be getting graphs soon also, only today there were upgrades to the interface which I found very welcome. The windowing is good, even though I prefer not to have too many window scattered all over the place. I found that all I need to tear off, to have separate, is the market selection window. Then when I have the markets chosen I can hide it away.

Last weekend I recorded a video of the software in action but I may have to start again as the interface looks a little different now.

Racing Place and 80/20

80/20 recommend that you should have 30 times stake as your betting bank

The results not great so far today but there is still the Wolverhampton races to finish yet. I have been setting up the bets using BetIE and keeping score in a spreadsheet. Using the RacingPlace tips and the 80/20 today has been a poor day altogether and unless something good happens in the last 2 races half of the good start we had on day one will be wiped out. This is why they recommend that you should have 30 times stake as your betting bank. So for me with this test that would be 30 times 20 = €600.

Thank goodness for the learning mode in BetIE that’s what I say!!