Trading Software HELP

[lionking]

Hi Keith or Anyone else that can help

Please help me.

Over the last 3 weeks I have been contemplating on which software to purchase between BET-IE and BET ANGEL.
I am going out of my mind trying to decide. I have searched on every forum trying to get different opinions, but haven’t found much. Please take me out of my misery and tell me which one is better???
I have read that the duching and hedging is good on bet-ie. Is the dutching and hedging as good on bet angel?
Can bet-ie do anything that bet angel cant? Or vice-versa.?
Do either of them scan for you for different types of bets?
I enjoy racing and sports. Is either more favourable to both?
In general which program would be your choice?
Please also tell me if u have tried VHF,from the same company as bet-ie?

Please do your best to answer all my questions and give me any information u can in order for me to make my choice easier.

Thanks

[markwales]

Welcome Lionking.

A very good question, however not one I can answer...:laugh

Come on Keith...get your act together !!

I'm sure he'll point you in the right direction... You may want to look at www.exchangebots.com Keiths bot review site (although you probably already have)

Best wait for the boss me thinks

[Win2Win]

Don't bother with VHF, you need a grand in at least 15 bookies!!

If you can program in VBA then you have to get Betangel, if you can't then learn, and get Betangel anyway :D If if you can't nothing on the market beats Betangel, and I'd pay £100 a week for it.

Saying that, Bet-IE's dutching is not done on Betangel (although you can dutch). Bet-IE basically selects the horses for you.

I use them both together, and make money from them both. But Betangel allows me to program my own bots via Excel with VBA, the Dummies Guide will have you programming in a week, even if your a retard like an MP :yikes:

In preference Betangel, but I'd recommend owning both. Visit www.exchangebots.com and read up on them all.

[lionking]

Thanks for your response.

I cant program.
Please tell me does bet-ie have anything that bet angel doesnt?And vice-verca?And is the dutching on bet angel good?Why would u use bet-ie if bet angel can do everything?Why use both?

Thanks

[presto]

bet angel is a lot more to do with trading (the best in its field). wheras bet-ie is mainly used with dutching which is completely different.

so it depends what you want to do.

[lionking]

Sorry me again

Please also tell me for sports and not only racing which is better?

[presto]

if you are betting on sports i am not sure these will be of much use (though i don't have bet angel 'pro') as sport generally dosn't have the liquidity or the price movement's that bet angel uses to aid trades. bet-ie would be of little use for sports bet's as it is designed for the horses.

[Win2Win]

Horse racing is fast, with plenty of market moves, others sports are generally to risky.

As I said above, Bet-IE slects the dutching selections for you....Betangel does not. Bet-IE also does trading & hedging but not as well as Betangel.

Depends what your looking for.

[lionking]

Hi
Please tell me which book it is that u recomen for betangel.
Is it: "VBA FOR DUMMIES" or "EXCEL VBA PROGRAMMING FOR DUMMIES" or "VBA FUR DUMMIES".
When searching i found all three. I have no knowledge in programing.

Thanks

[Win2Win]

The first one. Read it all in order. Even Vegy could manage Chapter 1!

[the_geeza]

Hi

Is anyone using VHF here regulary and prepared to share their experience with me ? I'll buy you a pint :-)

[presto]

not tried VHF but if keith says:


Don't bother with VHF, you need a grand in at least 15 bookies!!


then i wouldn't bether with it.

[the_geeza]

If you had a grand, would you give it a careful start ?

I guess our money is safe with the well known bookies, plus they pay bonuses, it's just the fact that you have to tie up some funds.

Is it better to use switch delta or an online wallet to top up the bookies ?

I think it has to be worth while tying up a grand, I'd personally would be happy aiming for £ 20 quid profit per day and hopefully be able to double that after 2 month of arbing.

Do you think that is realistic etc. ?

I emailed the guys for a trial on VHF, will have to see if they come back, I let you know if you want

[presto]

it's not just tying up a grand though - it's tying up £15 000 (1k per bookie).
it just looks to me like ARB software, and the problems with this is that you cannot rely on the prices the bookies show.

you may get a nice little arb when they quote 16/1 - but find out that the price on offer is only really 11/1 when it comes to putting the bet on, in which case your stuffed as you already put the other half of the arb on.

[the_geeza]

Yes I read that in the review, you need to check the prices of the bookies website first, before you put down any bet's in order to create an arb. Oddschecker relies to be fed by the bookies prices and that can cause a false reading (I emailed oddschecker and they confirmed that) So, yes not every arb on VHF is a true arb until you checked the prices...I guess that is like taking a sweet away from a child once the alarm goes off and you start rubbing your hands ... and then where are my sweeties :-)

As for the bank for a back bet I mean surely If you had just 1 K available for bookie bets that should be enough..you just need to keep the cashflow going from Betfair to your float... How often can you withdra from your betfair account to your current account/Nettleller, how long does it take and how much will they charge you..

Suppose you could fund the bookie each time you put the trade on, instead of loading all your bookmaker accounts up and leave it sitting in there..

Lets say you had 1.5 k in Betfair 0.5 K as your Float ( online wallet or 2nd debit card account ) and 0.5k in your Switch delta for the Bookies. That is 2 K tied up...all the time
Once VHF has found an arb you then could..

1. Verify the arb by checking the price's
2. Lay on Betfair 1 st in case of sudden price movements ( their prices are more likley to move i guess because of the WOM, liquidity, manipulators and all that )

3. Click to your bookies site which is still minimized in your windows task bar ( cause you used it to check the price) place your back bet, by funding account, shouldnt take that long or ?

4. If Horse lost..leave bookie account empty untill you need the bookie next time

If horse has won, top up your liability from your float using switch delta or so.. and then obviously you need to find a way how to get some of your winnings back from your bookmakers account to your float..that could take some time, not sure how long though ..
You just have to hope that until your money comes back from the bookie into your float you can manage of your float but I believe most times the bookie bet looses..

5. So, why have 15 grand sitting in 10 bookmakers accounts or so.. ? You have to excuse me by the way the above idea of money managment is just a theory of mine and has not been tested life yet, unless loading up a bookie account takes ages and could cost your arb...I don't see the point. Plus if you can not get the trade on in time you could just level it out.

All comments on VHF are welcome, bring it on !

[Win2Win]

For a start, transferring from one account to another takes 3 days.

You need an account in every bookie to take FULL advantage of the profitability of the software.

If you want to make more than £0-£5 a day, you need around £1000 in each account. Nothing to stop you using £100, but you can't get much out of the arbs.

The software now uses the RP prices as well, so you have two sources to check. I've had no problem of missing prices, as it relies mostly on Betfairs place markets.

At a absolute minimum, you need £100 in 5 bookie accounts, but you need a 'float' of £500 to cover it in your bank account.

I've been using the software on & off for a few months and it does what it says on the tin.

[lionking]

Hi please can anyone tell me if they have tried " Sports Trader Workstation", and if its any good?
How does it compare to bet angel?

Thanks

[Win2Win]

I answered your email, but some other folk on here have tried it.

[lionking]

Hi
Please can anyone tell me if they have read, "How to become a professional betting exchange trader" or "Bet exchange traders manual". It is written by David Walton.

If anyone has read it, please tell me if it is recommended or not.

Thanks

[Win2Win]

Probably not. They will offer you pointers, but you can only become a pro-trader by learning it yourself, as each person finds that diferenet trends work for them.

They're is no short-cut way to professional anything, you have to put the work in to get any rewards.

I highly recommend Betangel (http://www.betangel.com/cmd.php?af=315661) , as it is the best around. Try the free version. If you can't at least break even with that, then you know you have plenty to learn.

[lionking]

Is there any book that u do recommend to get going.
Another book i have seen advertised is "betting exchange secrets", if anyone can recommend?

Thanks

[wb]

Is there any book that u do recommend to get going.
Another book i have seen advertised is "betting exchange secrets", if anyone can recommend?

Thanks

I read 'lay back and think of winning' and got some hints out of it. A few people here read it. Some liked it, some thought it was just ok:

http://www.win2win.co.uk/forum/showthread.php?t=41242

[Win2Win]

You can search this forum? Plenty written about trading/laying.

[Jonny2621]

I read 'lay back and think of winning' and got some hints out of it. A few people here read it. Some liked it, some thought it was just ok:

http://www.win2win.co.uk/forum/showthread.php?t=41242

I wasn't so impressed, a bit basic and the systems ideas for say in-running betting Im not sure you would profit with long term without live pictures and a good race reading knowledge. If in doubt sneak a peak in your local bookshop and flick through, see if your cup of tea or not

[thai-swe]

Why not BetTrader Pro?
Well in other hand u have to buy minutes and thats wierd...

[roma]

Hi
Please can anyone tell me if they have read, "How to become a professional betting exchange trader" or "Bet exchange traders manual". It is written by David Walton.

If anyone has read it, please tell me if it is recommended or not.

Thanks

I have read "How to become a professional betting exchange trader". I thought it was useful for a beginner to trading, to get you started, but then as other people have said you need to practise and learn for yourself and there is no guarantee you will like it or make money at it. I have not been very successful in my attempts at trading on horse racing but I just didn't enjoy it enough to make it seem worth all the practising and learning. He also covers other sports including football, rubgy and golf in the manual if those interest you but I know nothing about them so I didn't try any of those trading ideas.

If you have already started trading with Bet Angel Basic (http://www.betangel.com/cmd.php?af=315661), I would recommend the £20 trial of Bet Angel Professional (http://www.betangel.com/cmd.php?af=315661) which is a very different beast and with that you get a lot of helpful training videos which are all worth watching and you can learn a lot from those. You only get a few weeks so it is worth making sure you start the trial when you are likely to have the most free time to benefit from it.

[lionking]

Hi

I have purchased betangel pro and betie. Can someone please tell me where the best place is to get started as there are no manuals, only videos?

Please can someone also tell me if there is a way of saving the videos, so that i can watch them when i am not on the internet?

Also i bought VBA for Dummies, can someone please tell me where on betangel can i learn how to incorporate vba into it?

Thanks

[Win2Win]

Can someone please tell me where the best place is to get started as there are no manuals, only videos?

All instructions on there use is on the respective sites, and is very good. Video's are the best way of learning.



Please can someone also tell me if there is a way of saving the videos, so that i can watch them when i am not on the internet?

Not directly, but you could email there support.



Also i bought VBA for Dummies, can someone please tell me where on betangel can i learn how to incorporate vba into it?

On the Excel tab.....watch the video.

Bet-IE, Betangel, VBA.....all at once.......Woe tiger......slow down. It takes a few months just to learn how to operate Betangel correctly.

[lionking]

Thanks Keith

Only going on your recommendations

[lionking]

I see there is a book available that teaches u the advantage of uderstanding Weight Of Money. Can someone please advise me if weight of money plays a big factor in trading?

Thanks

[Win2Win]

Yes and no......depends on what trends you find yourself good at :)

If I were you, I'd just start with the BET-IE dutching for the next few days, using the rules to the letter explained on there site. If you try and do your own thing you'll make a loss. ROI is around 3% on the dutching.

[Win2Win]

For Betangel, just watch it for a few days without betting with it. You'll get a better feel for it then.

[lionking]

Hi Keith

Please tell me the rules that u r talking about on the Bet-IE site, are those the ones with the illustrated guide on there site, or the one that can be accessed thru the Bet-IE program via the help button?

Thanks

[MarcusMel]

If you have the free version of Bet Angle you can get a reasonable idea of the importance of the weight of money by looking at the graph/charts you get when you click on the horses name.

Note if you do go the VB route be prepared to lose a lot through learning when you put it live. A 'not equal to' where you meant 'equal' can do a lot of damage. Create some macros that can test your main betting strategy.

[Win2Win]

Bet-IE instruction are on there site under "BET-IE" videos....once you have watched all of them you can click "Click here for the Help Guide (http://www.bettingprofitsoftware.com/Beginners%20Guide/Welcome%20to%20Bet-IE.htm)" on the same page. There is also a step by step guide in the Member's Area of this forum. The also have there own forum with many questions answered in it.