The Footy Trader

How to trade on football markets on a betting exchange
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I was delighted to get the chance to talk with Andrew Mangen of the Arse Blog and Podcast about his passion for football and in particular for his team Arsenal, the Gunners. We had an intelligent conversation about football and he tells Footy20Q what it is like to be an Arsenal supporter.

Spanish football comes up in the discussion seeing as I am here in Spain not too far from Barcelona and because he lived south of Barcelona before moving to Dublin.

The sponsors of the show are BetAngel that make the excellent betting software called BetAngel along with Tennis Trader and Soccer Mystic. You can use Soccer Mystic to give you an indication of what the odds will do when the goals go in at various times in the game. It will give you an unfair advantage when you are trading on Betfair.

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Footy20Q.jpgInterviewed the first guest for Footy20Q and I am really pleased it went well. A good chat about football, getting the history and background behind James’s love for the Everton Football Club. I had to admit to being a part time Birmingham City supporter because thats where my football interest started. James tells us about the first game he went to and where he goes to sit in the ground, or stadium as they get called these days.

If you would like to be featured on a Footy20Q show to talk about your football team I would love to hear from you. Send me a message using the form below for email.

We can talk about who you blame for getting you started, the best game you ever saw, What you think of the manager the team has and whatever you want to say about your team.

Comments or questions are welcome.

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I have been using BetAngel to trade under 2.5 goals on the Aston Villa vs Everton game today. I didn’t used to use an insurance bet but I am trying it out today and liking it. I have put the bet on the under 2.5 goals before the game started and also a bet that there will be a goal in the first 10 minutes.

Young put the ball in the net at 9 minutes and the insurance bet gave me a free bet on the unders market. That was because I got 1.86 on the under 2.5 and then I got odds of 11 on there being a goal early. So 100 euro on the unders is completely covered by the insurance bet. At 22 minutes into the game and the odds are on their way back down so that probably at half time I will be able to green up or just scratch out the bet to be able to take all the profit from the other bet. That is pretty cool.

At 32 minutes in the game the lay bet is available for 2.16 So I could green up to a small loss of 16.26 euro which will give me a total of 83.74 less the commission on the trade.

BetAngel is great to be able to do the bets with one click and very important to get the bet in quickly if there is a time constraint on the bet. The under 2.5 market it is particularly important to have one click betting with this technique. You have to get your green up bet in by 9 minutes and 45 seconds. Another great thing about BetAngel is that you the use of Soccer Mystic for free when you get BetAngel. I have used it to get a view of how the odds are likely to change as the game progresses. It really works a treat

What I did in the end was to let the profits run as so you should !! And greened up on the under 2.5 goals market at about 48 minutess. I got odds on the lay bet of 1.75 which gave a profit of 3.94 Euro to add to the profit from the goal scored in the first ten minutes.

Perfect – I love it when a plan comes together….

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How to do some dutching of the correct score market using BetAngel. Also are you aware that you can use BetAngel for Betdaq for free at the moment. Well worth a look I can tell you.


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Trading on the under 2.5 Goals market

OK the numbers are a bit out because this should be Wizardcast 43, it is just that I am working on other podcasts and this one is ready before the others. The next ones will be Wizardcast 43 and 44.

Download Wizardcast 45 NOW

Talking to Mark Baker of BetBotPro and he told me all about the betting bot that you can use on the horses or with the greyhounds. I am using the software myself and I am pretty pleased with it so far. I have been using it with the greyhounds and I am in profit for the day so far. I am actually surprised the number of dog races there are every day. Plenty of room to make some money

BetBotPro is available as a five day trial and it even has a simulation mode that lets you try out a strategy without risking any of your betting bank. I have been running the bot all day and at the moment I am still in profit by about 10 Euro. It has been as high as 14.20 Euro but there were a couple of losses that brought that down again. What I should be doing is running a trailing stop on the winnings and that’s what I will do with a live account.

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WUBT interview

I was contacted by John and Lee at Juice Storm  and WUBT radio with a view to being interviewed about my Wizardgold activities.

Of course I was delighted to go on their radio show and talk about my stuff. John otherwise known as Man of Mystery on Betfair asked  me a few questions and basically I chatted about trading the unders and using the Football Cash Generator.

Have a listen anyway and enjoy….

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Check this video I have made to show how to use Betdaq Assistant with the Betdaq under 2.5 goals market. I did this with the Southend vs Chelsea game. I don’t really recommend using FA Cup games for trading but it worked out OK anyway. I even timed the greening up really well a couple of minutes before the first goal was scored.

I have been trying out the Betdaq Assistant software from Gruss and I am very pleased with it. It has been created using Adobe Air which makes it cross platform. Seeing as I am a Mac user this is the icing on the cake with a cherry on top for me. You can also use it on Linux and even Windows if you are crazy enough to use Windows.

Manchester United totally wiped out Chelsea and Scolari is not too pleased with that, unsurprisingly. I didn’t expect there to be such a comprehensive thrash type scoreline at 3 – 0 but I have been expecting Man U to be heading upwards in the league because of having two games in hand on the other teams in the top four.

As for my trading at the weekend, I did do some trading on the under 2.5 goals with the Villa game and then I missed the start of the later games. I think I will have to start setting a reminder on my iPhone of when the games are due to start so that I can get in there in a timely fashion. I didn’t even do anything with the lay the loser strategy, as I was looking at the Stoke Liverpool game and there was no score to do anything with. In the Villa game after the first goal I could have done the lay the loser but the lay odds were way too high. I may consider looking at the possibility of doing a dutch of the win and the draw instead it may be more controllable.

OK so now I will go and look at the fixtures list for this week and start making some calendar appointments that will wake me up in time for when the game is due.

I would be pleased to hear from you if you have any ideas for betting strategy on football games. Tell us what is working for you or even what is not working. Is anyone still working on the Football Cash Generator and how are you doing with it?

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Not much work done lately with all the days being taken up with the festivities. If I wasn’t cooking and preparing things I was sitting and eating and using the time to be sociable. Well if you can’t be sociable at this time of the year then you might as well go home and stay there.

I looked at the possibility of doing something with the boxing day games but was out for all but the last premiership game of the day. At least someone was doing something though because I saw a sale of the BetIE software and also of BetAngel. I still need to sort something out so that I can use the software again due to Parallels quitting on me. Why oh why can’t we have more software that will work native on the Mac. I really do miss BinarySoft BDI. Now that was a good bit of software, if a little differnet in its approach. You may have seen that I tried out some java based software to use with Betdaq but that kept crashing so was useless. You have got to have reliability when you are working with cash.

The offer of 2% commission at Betdaq will end soon but I think staying with Betdaq is still a good idea, despite lower liquidity in many of the markets.

I do wish I could do more matched betting. It really is a case of good maths and no risk. If you are keen to try out some betting strategies like the one I have been trialing lately with the “Lay the Loser” then it is a brilliant idea to build up a bank to work with and take out your original seed money to get your hands on the free money, and then just work with someone elses money. OK I know that you can use BetIE and make good use of the learning mode, which is what I do but then the next stage on is to use the free money from the online book makers.

Use Bet Angel to create your own automated trading tools

One idea you might contemplate is to attend one of Peter Web’s courses in which he shows you how to trade on the betting exchanges. Specifically using BetAngel but that is such good professional software though it would be a very useful course to follow. In fact I suggest it would be an excellent use for the money you pull in from the matched betting.

BetAngel is Revolutionary Software and I am sure you will find Soccer Mystic pretty interesting also. Both are from the same company and they have just come up with a BetAngel for Betdaq that you can try for free.

I have been using it and I am impressed. In fact there are parts of the software that I ahave no clue whatsoever about how it works. But it is there for me to learn about later, which is nice.

Although I am a Birmingham City supporter (for my sins) it was good to see that Aston Villa could pull back to 2- against Arsenal. I saw the game on Match of the Day on the BBC and thought they deserved to draw if no win the game. My team here in Spain is Barcelona and like all the teams in La Liga they are having a break at Christmas, which is quite different to the way it is done in the Premiership where they even have to play on Boxing day. I expect that they have to go easy on the eating on Christmas day or roll around the pitch the day after.

Thanks for coming to the blog during the course of 2008, I appreciate bot the readers of the blog and also the listeners of the podcasts. I am pleased that the numbers have been rising in my podcast statistics. I have about 2500 – 3000 downloads of the podcasts each month – nice to know that people are taking the time to listen to or watch my ramblings.

Lets all hope that 2009 is a good year for us all.



Testing some software and it didn’t work and the video show what happened. It was some Beta java based software that works with Betdaq.

You can use software successfully with Betdaq, Have a look at BetAngel for Betdaq. They made that software in response to Betfair getting more expensive. They started charging the more successful traders more money and annoyed a lot of people. The makers, users and coders of BetAngel in that group.