Author Archive: Peter Webb

How to trade large race meetings

Last year I managed to get a record result from the Cheltenham Gold Cup, Grand National, Derby and bagged a decent result, though not a record, from the Melbourne cup. I was able to lock in a profit on the Betfair exchange pre race, winning before the race had started and regardless of who went…

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The only way to win at betting in the long run

How the bookmakers get you… If you’re looking at a betting market, the only way that you can make money in the longer term is by backing at odds that are above the implied chance of that particular event occurring. If you can back a football team that has a 50% chance of winning but…

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The biggest mistake when Betfair trading!

When we are talking Betfair trading, I’m predominately a pre-race horse racing trader. I can carefully manage risk, my potential liability is known and my profit doesn’t rely on what happens in the race. It is a market purely driven by opinion and that’s why I love this particular trading style, you win and lose…

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Betfair Scam That Cost a Punter £17,000!

I’ve recently been contacted by someone who had fallen victim of a scammer. Through this unfortunate turn of events, he had £17k of his unclaimed money stolen from his Betfair account. Sadly, through the years I have heard many stories of victims of fraud and this recent example of a Betfair exchange scam has prompted…

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Bookmakers, Matched Betting & Betfair Trading

When I started my Betfair trading career, I didn’t actually start sports trading immediately but I wasn’t gambling either. Instead, I was doing something not unlike what you would define as Matched betting. Though it wasn’t exactly the same way matched betting works in modern terms. it was a little different from that. But it…

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Finding Trading opportunties in the FA Cup

It’s the FA Cup third round this weekend and marks just over halfway point in the season. This means it’s the FA Cup third round. There won’t be as much liquidity as a normal Saturday, but there should be some opportunities. Has the FA Cup lost it’s ‘magic’? If you are talking about a smaller…

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Betfair trading software for a Mac or non PC device

We often get queries on whether you can use Betfair trading software like Bet Angel on a Mac or an iPhone or an Android tablet etc. I have posted up some information in the forum and on YouTube which I will replicate here. But I thought I would give a full explanation here so it’s easy…

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How bookmakers make money

Back when I was young, I stumbled into the world of bookmakers. I arrived there via the football pools. I didn’t really see punting on the football pools as gambling but thought I’d apply similar techniques at the bookmakers. But I soon realised there were a few problems doing this. It all revolved around one…

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Betfair trading – Quitting my career to trade

By now you have probably the other parts of my journey but I will list them here for you: – Part one , Part two, Part three, Part four In this post, my decision to go into Betfair trading, and all those other things! Quitting a career, not just a job! So I had taken…

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Going full time on Betfair – My Journey – Part 4

By now you have probably read part one, part two and part three of my sports trading journey. But this is the big one, the step up to Betfair trading for a living. The leap into the unknown So I was in my early 30’s, had a desire to work for myself, but was in a well-paid job and travelling…

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