Firedave trading Betfair with Bet Angel

Documenting my experiences with Bet Angel using BetFair. This will be used to record my progress as I take trading on full time.

Bet Angel - The most effective tool for Betfair
Mar 5, 2010

Fabulous Friday?

P&L: £23.68
Average P&L: £1.48

Certainly was for me - a very happy P&L for the day and my highest average P&L. All I need to do is keep this level of intensity up for future races. There were a couple of reminders today where I was getting very close to races going in play with one actually going but greening up straight away. When this happens it still manages to give me a mild heart attack which is enough of a reminder for me to keep an eye on the clock for the rest of the day. A few of the races today really benefited from being proactive and having orders lined up ready to be taken when the price looked to be swinging back in again. 

I thought this race really showed how these markets differ from the stock market and have to keep a book. This means that the price of each runner in total can't go to far beyond 100%. In this picture you can see the green and blue doing opposites and the orange and red reflecting their prices.

Don't forget to keep posting your comments, and vote.


Paul said...

good stuff! On the up then :)

firedave said...

Fingers crossed! Would like a couple of solid months before counting my chickens but I'm much happier with my performance of late.

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