Betfair trading: professional trader, Peter Webb, shows us that scalping is a very simple way to get a little money out of the market. By scalping you are looking to get a small amount of money by laying at a lower price than you backed at. You can see on the video two ways to scalp the market. One involves a bit of clicking and moving around, the other just one click.

Full resolution video available at http://www.betangel.com betfair

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50 COMMENTS

  1. I can’t seem to set up these settings to get a result. Is there a link on how to do this?

  2. Showing the ladder first was REALLY clever. Im having a good time scalping. It is definitely possible to make money with it.

  3. I find using software like Bet Angel when the race goes in running really difficult as you seem to only have a limited view of the more rapid changes that are happening. Is there some way of getting round this?

  4. Only thing I dont understand is why you have to spread it across the entire book, does this mean you only made £2.40? (as it was £15 before and bet/layed).

  5. this was like the final piece of the jigsaw thanks peter ,,iv watched a lot of videos and I now understand …..but if anyone is just starting out its a long old journey but worth the time and effort

  6. hello peter, I’m 6 months that I have attached to betfair, I’m using software 3 months poor, I do live scalping but I live in Italy I do not understand English spoken, I read 2 books but speak of scalping in a bland. pee example I know nothing about the pressure, I would like to know how to move the odds in the prelive. here they want to sell tutorials, and there’s only 1 book or 2. can you recommend a book where I can understand how the share goes to the last stake trade? thank you

  7. Forget my last message, is very simple see subs, just click configuration and turn on english sub. I finally understand your video and is true, is easy. Thanks.

  8. I just can read a write something in english, i try to understand your words, but i can´t, you talk very fast to me. So if it´s not asking too much, please put english subs to this video. And i will be grateful with you very much. God bless you.

  9. Hi Peter,
    Very silly question from a newbie.
    How did you make £20 when you backed £200 @ 4.3, Then layed @ 4.2?
    I worked it out that is only about £1.70 Profit.
    Please help.

  10. I am confused by this interface on betangel… You have lay price, in pink, being offered up at less than the backing prices. It looks as though the market is back to front?

  11. At around 3:28, you placed another lay bet and had -220 liability. What if the following back bet didn’t get matched? Now you’re looking at a big loss so how would you reverse it?

  12. So in the example above, back bet win brings in +20 profit, lay bet win (any other outcome from that horse winning) brings in 0. Does this program have some function to equalize bet sizes to guarantee plus profit on both, or is it always so, that the second bet is there just as an insurance?

    Ive been looking at some of the tutorials so far, and have seen back and lay stakes being equal, meaning only one outcome guarantees possible profit, or is there some other mechanism Im missing in place?

  13. Is it possible to switch to probability? I dont like the European odds on Betfair. Its confusing when profits come from numbers going down. I rather have it like Intrade where backing 50 means the market thinks theres a 50% chance which doubles your money instead seeing 2. 1=100% chance. 2=50% chance. When backing 50%, it means turning every 50 cents into $1 if it wins. Much easier to understand when making split second decisions to see numbers increase if theres profits.

  14. Sorry I’m completely new to this but what is it you mean when you say ‘wait for it to get matched’ wait for the back price to match the price you layed it at?

  15. im just starting out on trading and will be purchasing your product soon but in this video the first part I cant understand how you got 20 profit if you backed at 4.3 with 200 and won = 860 + you recive your 200 back = 1060 u started with 400 so you made 660 profit if laying won 200÷4.2= 47.6+200=247.6-400=-152.4 is there a special feature your using becuse its not making sense to me how your making 20€ ? I understood the second part of the video

  16. Sorry for being a noob but what is ‘fill or kill’? I am using the free trial. I like the video but I have no idea what’s really going on.

  17. It’s a horse racing market so you get orders matched instantly as the race hasn’t started just yet. When scalping you are essentially trying to get two orders matched at roughly the same time so that’s what we are trying to do in this video. If we don’t think that is going to happen we just dump the position and start again.

  18. I dont understand why you take so long to place the order at 4.2 at the start of the video? You say youre waiting for the money to start getting taken? Does that mean u were waiting for it to look like the odds were drifting out? Also, when you finally place the order at 4.2 to lay, it appears as though you manage to place the bet INSTANTLY, without a 5 second delay? How did you do this?
    thanks.

  19. What ever you do you need an underlying strategy. Each sports market there are sweet spots and strategies that work well in certain market. This is just one strategy. Some markets throw off a profit even if you use little skill, but it’s finding them that is important.

    Bet Angel will allow you to put one order in and it will offset that so that you will show a profit if matched. If it doesn’t match you need to decide what to do with the unmatched portion. Either scratch it or take a loss.

  20. Hello, I have watched this clip and the Trading on Betfair – Low risk “painless” trading and seems that you do not pay attention to the behaviour of the market! Is that true? Can I lay a back price at no risk? If the lay bet is matched it will automatically bet a back price? How can it go wrong if the betangel cancel the bet if it is not matched? Thanks for the answer

  21. its only £15 profit if it wins when you green up spreading the profit across the feild you get £2.63 no matter what so its little by little. if you choose not to green up you are basically getting a free bet on that one runner, if it loses you get nothing but you lost nothing as you scalped what you are betting with. its a really slow burner as you need to build your bankroll in order to gain sizeable amounts. this guy staked £50 three times to guarantee £2.63. BE CAREFULL PRACTICE SMALL STAKES.

  22. @greggspolska – There is another scalping video that you may want to view. Sometimes its easy to overcomplicate decisions when trading but a lot of the time just the natural variability of the market will fill orders without worrying about direction. You may want to register and visit our forum where there are loads of discussions about how the market moves and why.

  23. This video look very easy to make money and all you have to do is just follow everything how it is been shown. But this is in theory and reality is different. I know this is not a gold method but I still do not understand how to decide when is best time to put money into the market. Currently I use BetAngel demo mode but sometimes I am still lost. Does anyone can tell me how to read charts and when strat play.

  24. does anyone can tell me what is best time to place a bet? how many minuts before run? also what i do not understand is how can I know what is the best moment to put my money on the market?

  25. @dburford9 – You can do this on many different sports but racing is popular because of it’s volatility and frequency. Use minimum stakes while you are learning and visit our forum to get some help to get started.

  26. @dburford9 – We are the company behind the product but the whole team uses it on a daily basis. There are many tools and functions you can use and the cost isn’t much when you consider what you can achieve with a bit of practice. Visit the blog to see some examples or the forum to chat to other users.

  27. with the second method of scalping do you how to try and follow the trend? in the video it doesnt look like you are. you just seem to be clicking lay at random hoping it gets filled?

  28. @FrontSide2010 – No, not that we are aware of. We heard the other day that Matchbook had stopped taking accounts from the US.

  29. @justinleeclarke – If you ‘green up’ you will spread the profit across the field and will profit whatever the result. You are simply netting the difference between the back and lay prices.

  30. @treemantris – If you back and lay a selection and have a profit you only pay commission on that profit, not of each individual back or lay but on the net total of those bets. Settlement varies from one market to another so always check the rules before diving in.

  31. @prefect78 Trust me mate, just follow the mans lead he is a genius in this field, I dont even know him but he has taught me so much in such a short time, I can comfortably make £50-£100 a day trading at Betfair, the brilliant thing is the commission, it’s because of this that betfair want you to win, unlike traditional bookies who will close your account/limit your stakes if you win too often

  32. @floralcam – Go to the global settings at the top of the software and look for the ‘force open’ box. Click on that drop down menu and select reverse.

  33. @prefect78 – If you trade you only pay comission on your winning trade. So if you back and lay at 4.10 and 4.00 with £100, you will make £10 profit. But only if that horse wins. You would pay 5% on this amount. By using greening you would spread the profit across the remaining runners mean you would win whatever the result. If you had a losing trade you would pay not commission. You only pay commission on the trade, not the opening or closing position. Hope that helps?

  34. @piano0011 – Before the start of a sports event the only thing that determines odds are opinion. So it’s your ability to read opinion that matters. When in-play you effectively have to predict what will happen next, that is how you profit. They are two completely different ways to trade. The latter relies on your ability to read a sport.

  35. @floralcam – When you reverse the book you effectively lay at the back price and back at the lay price. This automatically achieves your goal of laying at a lower price than you back at.

  36. There are many ways to look at the market and there are definately some markets that work well and others that don’t. You may want to visit our forum to discuss.

  37. You put an order in on the lay side at a lower value than you back at. That is how you profit. You are under no obligation to take a price so you simply offer one.

  38. Basically it works by laying slightly more on the horse you have profted on. That amount then shifts to the field. Bet Angel calculates out how to do this etc.

  39. Tick ‘greening’ on the green up column and it spread the profit across the field so you will win whatever the result.

  40. If you ensure that you put your open order on the reverse side of the book you have several advantages. But the clear advantage is if you think the trade is not going to work for you, you can immediately scratch your trade for no loss but close at the current price.

  41. When you green up you spread some of that profit across the field. It will only be a lower amount but it is across all horses, so it doesn’t matter who wins you have a profit against all of them. You can do this before the start of the race, you don’t need to know the winner.

  42. At the end of the video, we click the ‘green up’ column and that spreads the profit out amongst all the horses so that you will win whichever horse goes on to win the race.

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