Author Archive: Peter Webb

Melbourne cup – The race that stops a nation

The Melbourne and I cup go back a few years now. Many moons ago, in the early days of my trading career, I got interested in the ‘race that stops a nation’ and learned that it really did stop the nation,  they have a national holiday today in Victoria.

So, intrigued, I got up at 4am one dark winter Tuesday to see what all the fuss was about. Nothing really happened apart from a lack of sleep and I returned …

New version of Bet Angel released

We are delighted to announce a new version of Bet Angel and it contains a completely new feature you have never seen before.

Free upgrade

The upgrade to the new version, version 1.49, is available for free for existing trialists and existing subscribers. You can download and update it here: –

https://www.betangel.com/download/?product=BetAngelPro

If you haven’t used Bet Angel for some time, you may still qualify for a free trial. When you register you will be updated on your status. …

A fool and his money are soon parted….

‘A fool and his money’ It’s a classic phrase, but it always seems to ring endlessly true and never shall it be any different it seems!

I have written about this before and in particular about the now infamous Elliot Short.

http://www.dailymail.co.uk/news/article-2313618/Gambler-called-Betfair-king-conned-friends-600-000-bogus-betting-scam.html

I wonder how many times I will hear about some gambling scam where people have lost enormous amounts of money?

It’s a real downer!

It’s a real downer to keep hearing stories about people getting ripped off in …

Why we choke and how you can profit from it

I’ve just finished reading a very good summary of the core reasons why we choke. The article is a nice clean summary and is worth a read.

Basically it comments on how information is stored in the brain and transferred from a semi autonomous region to a more thoughtful process. The semi autonomous region falls apart when it is forced to transfer back to the other part of brain. Your brain can be in the zone, then forced out of …

A day of racing you shouldn’t miss

Tomorrow we have the finale to the flat turf season and a curtain raiser to the flat turf season. How can you have both? Let me explain.

Ascot champions day

First, we have ‘Champions day’ at Ascot and it promises to be a real feast of racing.

Champions day only came into being in 2011 so it’s relatively new in the scheme of things but it’s a weekend I wouldn’t miss for anything now. It’s the last shot at a …

How bookmakers make money

Back when, ‘I was but lad’, I stumbled into the world of bookmakers.

I arrived there via the football pools and thought I’d apply similar techniques at the bookmakers. But I soon realised there were a few problems doing this.

Problems

The first problem I had was getting the bet on, I couldn’t really bet in the size I wanted without being limited. Secondly, I could only do plain old vanilla betting. If I tried something more complex I’d often …

Most and least volatile racecourses to trade

I did a tweet recently that stated a little trading fact, that Chelmsford City was the most volatile course. I had a fairly immediate retort, that stated it wasn’t a fact but was ‘just’ an opinion. It was actually a carefully researched fact.

Volatility

I’ve collected data on volatility right from day one of my trading journey and have built up a massive database of data. One of the things I study is how volatile the market is.

I measure …

St Leger meeting

The oldest classic horse race in the world is almost upon us again and while it marks the closing of the flat turf season, tradition dictates that it also marks an upturn in financial markets if folklore is to be believed. “Sell in May and go away, don’t come back till St Leger day”

Come back on St Leger day

There is a general ‘theory’ that during the summer stocks languish and only when everybody is back to their desk

High probability Betfair trading strategies

Sounds nice doesn’t it, winning positions regularly topping up your account? Please send your $37 to…….

New strategy

With the start of the jumps season just around the corner, I’m going to be pursuing a new, automated, in-play strategy. I did all the hard work last year qualifying what I wanted to do and test the assumptions, which are often wrong. So now it’s time to put it into practice.

It will lose money and on a frequent basis and …