there has to be some disparity to an extent between winners and losers
in the Betting Exchange arena in that by its very nature for every winner there
has to be a loser.
exactly in the same way that Bookmakers were able to take advantage of
punters by setting excessive overrounds, there was an increasing sense that
Betting Exchange professionals have an unfair advantage over the novice punter.
the primary driving force behind Betting-Exchange-Trading was a need to
empower advanced and intermediate traders with new
that would enhance their betting strategies and add to existing ones,
to provide an increase in profits from their Betting Exchange experience.
a lot more people should be able to profit through their Betting Exchange
betting, and my aim
is to offer anyone prepared to invest in their trade or hobby a genuine chance at
advocate hard work and commitment throughout my work and techniques.
in their right mind should believe the claims of instant life changing wealth through
You must know deep down that life doesn't work like that
changing results can and do happen but not without knowledge, effort and
gamblers and horse racing fans will already know that in reality there is NO single racing system that
works all the time, throughout the racing season.
further from ever being a reality is the possibility of a horse racing system
that can be fully automated by computer betting software that will work all the time.
will be on the scene for decades to come and with gambling being
positively encouraged by the establishment in Europe, America and
have long been an advocate of studying fundamental form and the greatest
horse racing experts make good profits by focusing their predictions around
races and race types where they have gathered immense amounts of data and analysis.
betting specialists are those
have chosen to become “expert” in a given area of horse racing and it is a
sound strategy well known for producing enormous profits over time.
true, with the dawn of powerful online computer betting software and systems in
combination with solid technical analysis and advanced staking strategy,
average punters can for the first time shift the odds in their favour without
being form gurus.
been several decades since professional bettors first came up with the
idea of automated betting systems to increase their overall profit
major barrier to being able to build “positions” in a betting shop
was that tax was levied on all wagers until as recently as 2002.
shops also maintained the right to act against anyone who was deemed to
be in breach of their regulations, put another way, anyone who should
have the nerve to attempt to beat them could simply be
and Betting shops were up in arms in 2000 with the arrival of
betting revolution that had been needed for years had finally arrived.
was charged by the Betting Exchanges only on net winnings, and uniquely it presented a
2-sided market, back to win or back to lose (officially known as
"laying") thereby placing punters in
direct competition with each other, without the interference of the
third party bookmaker.
were allowed to recycle their money through the market, and build their
positions before an event had even started.
Traders, Betting Professionals, even Bookmakers themselves (after the
initial shock and revulsion) saw the opportunities now available to
take positions on sporting events in much the same way as you would
with equities and other financial markets.
came as no surprise to the industry that as soon as 2002 the tax rules
were finally changed in Betting shops from a tax on the punters wager,
to a tax on the Bookmakers profits (Pity the poor Bookie!!).
hedging, taking a position and greening up on the
betting exchanges were born and have been well
documented in dozens of early resources.
to can quickly learn the basic arts of trading and are usually
delighted that you can build winning positions quite quickly.
I myself am
a great proponent of Ladder Trading pre race.
use Ladder Trading (Betting Exchange API) alongside Supercharting
to trade directly on favourites and also to improve
profitable positions or reduce liabilities on Dutches or Books that I
advance of designing my systems I conducted several surveys of Betting Exchange
traders and the feedback I was getting was that aiming for £10 profit
from trading via the basic Betting Exchange interface was really about all
punters could cope with on a daily basis.
factors people would talk to me about included stress, anxiety,
headaches, computer problems, broadband problems.
Of particular concern were badly designed lay to lose strategies
and problems with identifying Starting Price
(SP) movement in advance of the market.
Steamer and Drifter identification pre race is the skeleton key to
success on the Betting Exchanges.
are an inordinate number of factors to account for in price movements
and this is what makes it such a difficult art.
Problems expressed included:
the Betting Exchange databases were opened up in 2004 with the advent of the
Programming Interface (API) technology enables external companies to design their own
client/ server interfaces and robots as alternative enhancements and
improvements to the basic Betting Exchange GUI.
are often referred to in the trade as simply Betting Exchange
The most advanced collection of interfaces and bots
in the industry has been developed by Optic Ltd and presented as
interface covers everything needed by a financial day trader to make the
conversion to trading on sports events and gain a massive advantage over
users stuck with the standard Betting Exchange front end.
Angel * Day Trading Features include:
or kill orders.
host of other features.
and Dutching are the core “Bots” with an Automation Rules Interface
providing the trigger for rule based events across the entire collection of
bots and trading tools.
development of my systems user surveys revealed 3 basic overriding
systems must provide daily betting opportunities that can deliver an
achievable % daily return on turnover.
systems must be totally usable in the field, rule driven and able to be activated in a
routine and consistent manner.
systems must include full scenario planning and disaster
recovery. i.e what to do when things go wrong.
an early stage of systems design I was using the entire feature set of
Bet Angel’s (Betting Exchange API) trading interface, bots and automation triggers to
achieve healthy and consistent profits.
Semi Automated Betting
Systems, Bet Angel Professional, Betting Exchange Bot: Part 2