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Bet Angel Reference Guide

The comprehensive user guide for Bet Angel Professional

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Bet Angel

100% found this document useful (1 vote)

93K views

Bet Angel Reference Guide

The comprehensive user guide for Bet Angel Professional

Uploaded by

Bet Angel

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The Essential Guide to Bet Angel Professional

Understanding the features and functions of Bet Angel Professional

2013 Optic Limited - No unauthorised re-production without permission Commercial re-distribution in part or whole is strictly prohibited. Last updated April 2013 to v 1.34.2

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RISK NOTICE
Trading on betting exchanges is a new and exciting area for modern betting markets. Correct use of automation and specialist software can significantly enhance your trading capabilities. However, just as an expensive set of golf clubs does not improve your golf swing on their own, using specialist software does not guarantee you profitability. Be aware that because of their speed of operation and capability, software such as Bet Angel can also create large potential loss making positions if used poorly, incorrectly or in error. We strongly advise that you familiarise yourself with its capabilities as much as possible before committing large amounts of money to any particular market. You should also familiarise yourself with the markets and with the way in which the odds can move, why and also the constraints on certain markets. As an example, the horse racing market is relatively stable before the off but displays a lot of volatility just before the off. During in running there is a one second delay and very high volatility. If you commit money into the market at the wrong time or accidentally click on an active part of the screen you could face large losses. Please use Bet Angel's Practice mode when learning and minimum stakes while testing and trading experimental strategies to make sure you feel comfortable with the level of risk and volatility you are likely to encounter. When you feel comfortable and are more familiar with strategies and how to put them to use in a market, you can use live mode or move up to larger stakes. Risk can also come from outside of your use of the market as well. Systemic risks are items such as computer failure, unexpected outages and can occur at any stage of the exchange process. You also have user risk such as accidental use of features and incorrect interpretation of a market or how to trade it. As such we recommend that you have a clear and consistent approach to any market so that you can minimise your exposure to all the risks detailed in this notice. ---------The author and publishers of Bet Angel and accompanying materials advice and services have used their best efforts in preparing material. The author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness or completeness of the contents of this material. They disclaim any warranties, expressed or implied, for merchantability or fitness for any particular purpose. The author & publisher shall in no event be held liable for any loss or damages, including but not limited to special, incidental, consequential or other damages. The author and publisher do not warrant the effectiveness, or applicability of any information detailed by us.

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Betdaq Version.
The Betdaq version of the software does not contain all the features as discussed in this guide. For example, it does not have practice mode, dutching or bookmaking, in-play trader, Soccer Mystic, Tennis Trader, Market Overview nor Guardian automation.

Bet Angel Basic

This starter edition of Bet Angel Professional features only the one-click screen. Refer to the one click section for usage instructions. Note that many features are only available in the full professional edition.

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Welcome to Bet Angel - Professional

When I joined Betfair as one of the very first customers back in June 2000, I never dreamt how far the simple concept of a betting exchange would go. As time has passed and the betting exchange model matured significantly, I am pleased to say that I have continued to mature with it. I am pleased you have chosen to use Bet Angel and would like to welcome you to the journey. Betting exchanges have changed significantly and we should be grateful to the creators, innovators and promoters of exchanges for the hard work they have put in to bring exchanges to this point. It has opened up many ways for everybody to participate in modern betting markets and more importantly, in ways inconceivable not that long ago. In 2004 I could see many opportunities, but the market completely lacked the tools I needed to try and achieve all the things I knew were possible. Resisting the temptation to return to my coding roots I set about creating a team that could not only create the tools but also have the mind-set to deliver my ideas from concept to fruition. Since those early days Bet Angel has consistently been first to deliver features that have not been seen before on betting exchanges and features that wouldnt look out of place in other markets. This is something we aim to continue. I look forward to continuing to develop Bet Angel and I am indebted to the wonderful support and work of the team here and the support of the exchanges in aiding us in our development of the product and our pursuit of excellence.

Peter Webb

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Getting started
Downloading and installing Bet Angel
If you wish to download your software you have two choices. Downloading in one click or saving and storing the software before installing. If you want to keep a copy of the software for multiple installation then using your mouse, right click on the appropriate link and use the 'save target as' option. Confirming will download the software onto your computer; make sure you remember where you downloaded the software too! The software is contained in a zip file. When downloaded double click on the zip file and click on the setup file. The software will run an installation routine, please follow the on screen instructions and use this guide from step two. The simplest way to install Bet Angel is to install it with one click.

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Activation of your Bet Angel account

Follow these steps in order to associate your Betfair account with Bet Angel. Note that registration activates your account and not the software. You can download and install the software on any computer but registration is required only once. Your subscription starts from the point of registration not from when you purchase, download or install the software

Step 1
Double click on the Bet Angel icon on your desktop.

Step 2
You will see the login dialogue box. Click on the link marked 'Register Bet Angel using serial number....'

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Step 3 - Free Trial. Skip to Step 4 if you have purchased Bet Angel.
The Free Trial does not require a serial number and instead you will be activated immediately upon entering your Betfair username and password. If you do not currently have a Betfair account click here to open one before proceeding.

Registration Using Serial Number

If you have purchased Bet Angel or have the half price trial you will be sent a serial number via email. Once you have installed Bet Angel Professional follow these instructions to activate your account.

Step 4 - Purchased
Click on 'I have purchased a Bet Angel Professional serial number......' You will now see a registration box in which you must enter the serial number sent to you along with the username of the Betfair account you wish to use with the software. A valid email address is also required.

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Once you have entered your details click on the 'Register Account' button. Your account access will be granted immediately and a message saying so will appear on the screen.

Step 5
Go back to the login box and enter your Betfair username and password in the boxes. Click on 'Log In'. You can now enjoy using Bet Angel Professional.

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The Bet Angel Professional Log-in screen and options

In order to be able to use Bet Angel you need create custom settings and give Bet Angel some information to allow it to log into Betfair.

Logging on to Betfair
Locate the Bet Angel icon on your Windows desktop or via the Windows start menu. Double click or single click this icon and Bet Angel will open. Enter your Betfair username in the Username area of the Bet Angel Account area and also your Betfair account area. If you want Bet Angel to remember these usernames, which should both be the same, tick the Remember User names. Also enter your passwords into the appropriate area. Your Bet Angel password will always be different from your Betfair password, this is for security reasons. We do not know or store your Betfair password and dont want any clues as to what it is, so we recommend both passwords have to be different. You should also tick the I accept the Betfair API terms and conditions text. Your access to Betfairs API is reliant on acceptance of these terms.

Practice Mode
By selecting practice mode when logging in, you will be able to use all the features of Bet Angel Professional without risk to your balance as any bets placed will not be sent to the exchange.

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Accessing Australian markets

If you would like to bet or trade on an Australian market, you will need to log into your Australian wallet. To do this make sure you tick the Use Australian wallet feature. Make sure you have logged into Betfair to transfer funds to your Australian wallet or else your account balance will show zero.

Australian events are dictated by Betfair and there are no hard and fast rules on what is and isnt an Australian market. Check on the main Betfair screen under the rules section in a market to check which jurisdiction it comes under. If you are logging into Bet Angel and see no markets it could be that you still have Use Australian wallet ticked but are trying to view non-Australian markets.

Logging in
Once you have completed your usernames, entered your passwords and set other log in features all but your passwords will be remembered by Bet Angel. When you are ready to start click the Log in button.

Connection mode
Additional settings can be created at this time. Leave the connection mode in the default mode in which you first see it. Do not change the connection mode unless you have read the connection modes section or are instructed to do so by Bet Angel support. From time to time you may see advice given on the Bet Angel Desktop screen instructing you to change this setting.

Profile
Bet Angel allows you to save custom screen layouts to your own arrangement. You can create a screen layout for different sports for example. This could include a number of different charts that automatically open and place themselves around the screen saving you the time involved in setting this up again.
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Logging in errors
On attempting to log into Betfair you may experience one of a number of common log on errors. For your convenience we have listed the most commons errors in this section to provide you with the most common errors and solutions. Most are due to basic configuration issues with your computers or the permissions you have granted Bet Angel. Error The underlying connection was closed. Could not establish a trust relationship with remote server Reason For Bet Angel to function correctly it needs to take the current time and date from your PC. Solution Check the time and date by double clicking on the clock in the bottom right hand corner of your Windows operating system. Also visit the Date, Time, Language and Regional Options in your control panel and check that the date and time is correctly formatted.

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Error "The underlying connection was closed. The remote name could not be resolved." Reason This usually means your firewall isn't allowing Bet Angel access to the internet. Solution Try temporarily switching off the firewall or internet security software and restart Bet Angel to see if now allows you to log in. If so, reconfigure your firewall to grant Bet Angel full access to the internet. If you are still experiencing problems then visit the knowledge base area of our website.

http://www.betangel.com/knowledge-base/

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Bet Angel Desktop and selecting a market

When you start up Bet Angel you do not immediately go into a market. In order to start betting or trading you need to read the Bet Angel Desktop, which contains important information, advice, support material and links to help your activity on Betfair. Once you have done that you can select a market to trade. Bet Angel Desktop The first screen you will see on logging into Bet Angel is the desktop screen. Rather than send repeated messages to your email inbox the desktop area is where we have our main communication with you about new versions and general support messages. Video and other forms of tuition are available this screen as well as general information about Betfair and useful links to related services.

Internet browser
At the bottom of the desktop you will see there is an Internet browser bar.

Using this area you can navigate the Internet as normal and this helps you perform other functions, such as reading your email, from within Bet Angel without the need to start up your internet browser.
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Starting your betting and trading activity At the bottom right of the desktop screen is a button Select a market and start betting. Press this button and Bet Angel will display a list of markets for you to select.

If you do not see this button it may be that the screen resolution on your computer is too low and you cannot see the bottom of the Bet Angel screen. You could also have Bet Angel positioned slightly off centre and this is hiding the bottom of the screen. You can also select a market by using the File menu at the top left of the screen.

Selecting a market
When you see the market selection menu tree you can scroll up or down this list to selection a market you are interest in. To open a particular market click on the + on the side of the market. This will open up all available markets and options underneath that market. You can also double click on the name of the market to achieve the same action. In this example you can see we have opened the market tree, then double clicked on the Horse Racing Todays Card market. This has expanded the tree to show a number of se lections. We have clicked on 13:10 MrktR. To select and start betting on the market you are interested in, highlight the market and click Switch To Market or double click the selection.

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Additional features on the market selection screen

For your convenience the date and time is displayed on the market selection screen. You also have a Refresh option. If you are trading repetitive markets such as horse racing you may want to periodically press the refresh button to purge the market selection screen of any old markets. We do not automatically update the markets each time you use it. If we refreshed this on each occasion, this would slow down your market selection. Make sure you refresh the screen occasionally to keep the markets tidy. On the top right hand side of the market selection screen is the G+ button. If you have highlighted a market you can add it quickly and easily to Bet Angel Guardian for multimarket trading or monitoring. To learn more about Bet Angel Guardian see the separate section detailing how to use the multi market trading facility.

Welcome to Bet Angel!

When you have selected a market and clicked on OK or double clicked the market on the market selection screen. You will immediately go to the One -click betting screen. This screen is similar to the main Betfair screen that you would normally use. You are nearly ready to start using Bet Angel.

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Navigating around Bet Angel and additional set up features

Before you start using Bet Angel it is worth familiarising yourself with additional options available in Bet Angel as well how to navigate through it and select the market you wish to bet or trade on. Selecting or deselecting unwanted features There are occasions where you may not want to use all the features of Bet Angel. In that situation you can switch off features you do not need. They will become inactive but also save on system resources. Use the features menu to select or deselect Bet Angels main features. If you save settings and have unselected features, Bet Angel will continue to disable these features until you re-enable them again even if you switch it off.

Selecting a market to trade If you would like to navigate to a new market rather than using the Select a market and start betting button you can also use the File option on the top left of the Bet Angel screen. Clicking on this option will display several options. If you click on select market or press ALT+S on your keyboard you can select any market from all those available on Betfair. On the Bet Angel Desktop you can also select a market if you wish but most users will use the main menu to navigate. This menu will also display the last five markets you have looked at. If you want to skip quickly between markets then you can use this menu to jump quickly between the most recently viewed markets. Navigating between Bet Angel functions Once you have selected a market you will arrive at the One-click trading screen. To move to other Bet Angel functions simply click on the function that you wish to use.

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Volume Moving Average

The total amount matched in a market is shown at the top of the screen in Bet Angel. In some cases it may be useful to know the moving average and smooth out the reading and you can choose to set this to a value that you choose. For example, if you have the refresh set to 500ms and set the interval to 20 then the average increase will be calculated over 20 x 500ms or ten seconds.

Virtual Bet Display

For some markets the prices displayed on Betfair may appear to be different to those seen in Bet Angel. This is because Betfair tries to match bets in different ways where possible. See here for a statement from Betfair. http://bdp.betfair.com/index.php?option=com_content&task=view&id=242&Itemid=108 Bet Angel can compensate for this by switching to the Virtual Bet Display option. This forces Bet Angel to use the same cross matching rules that Betfair use when they display available prices on their website.

Weight of money indicator settings

The weight of money (WOM) refers to the amount of money waiting to be matched on either side of the book. When drawing WOM charts or indicating the WOM in the middle of the one click screen for example, you can adjust how much weighting Bet Angel places on the amount available on the three prices either side of the book.

For example, here we can see the amount of money available on either side is 211 + 196 + 2. If we set the weighting to outer 33%, middle 33% and inner 34% then we calculate the WOM accordingly. So 33% of 211, 33% of 196 and 34% of 2. This would be repeated for the lay side. We can then manipulate the WOM reading to fit the market or our own trading style.

Staking & Liability

We can set a default stake and maximum liability in Bet Angel. It is a good idea when starting out to set these low. Please be aware that if you are trying to trade and positions are not acting as expected, for example offsetting positions

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are not firing. Then you may have set your maximum liability setting too low and Bet Angel will not be able to complete your counter position. It is important to note that these settings only apply to your initial bet rather than any subsequent bet triggered by your initial trade or by any automatic features in Bet Angel. Therefore if you used offsetting to put two orders into the market these settings will only apply to your initial order.

NOTE: Your Betfair account profile also contains a liability setting. If your bets are being rejected and the Bet Angel liability setting is above the level then check your Betfair account settings.

Behaviour

Certain aspects of the way Bet Angel behaves when placing a bet can be controlled here.

When you first install Bet Angel and start betting, you will see a box appear on the screen with details of the bet, your liability on the bet and asking you to confirm that you wish to place the bet.

Once you are comfortable with how Bet Angel places bets you can turn this off by un-ticking Show a bet confirmation message when placing a bet

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Cancel a selections unmatched bets when closing a trade

When you use Bet Angel to close an open trade such as using the Close buttons in the trading profit calculators then Bet Angel will cancel any unmatched bets on that selection. If you do not wish this to happen you can disable here. When using the saved bets tab or feature to resubmit bets in markets where Betfairs bet persistence options (TakeSP, Keep Bet) are not suitable, you can choose to have Bet Angel wait a period before resubmitting the bets into the market once it is turned in play. This allows the market to reform correctly such as after a goal is scored in soccer.

Green Up Restriction
If you wish to use the trade profit calculator to green after using the dutching or bookmaking feature then you need to ensure this setting is NOT ticked. However, use of the trading profit calculator to green after bookmaking or dutching is risky and caution is urged. When using the dutching or bookmaking features of Bet Angel, you are trying to realise a profit by taking advantage of a book over-round or under-round in your favour. You are not realising a profit by closing a trade. The greening column on the one click screen will close trades in order to realise a profit or loss for each selection in a market - a different strategy to bookmaking or dutching. Using it to exit a bookmaking or dutching session is inefficient and can be dangerous if you have repeatedly used the bookmaking feature in one market. For example, you may require a large amount of money to exit an individual bookmaking bet. If the market cannot stand this amount it is likely you will not exit all positions and may end up in a losing situation.

Communications Settings
Dynamic Connection Tuner

The dynamic connection tuner is a unique Bet Angel tool which further enhances your ability to get the best possible performance from Bet Angel, your internet connection and Betfair. You will find the dynamic connection tuner in the settings area. When you are logged in via an API or hybrid mode you can use the connection tuner to further enhance your connection performance to Betfair.

Bet Angel Reference Guide

Ladder Settings
The way the ladder is displayed can be controlled from this screen. The ladder can provide a lot of information but you may choose to disable some of this to provide a less clean appearance. The Row Style setting allows you to increase the size of each row to make it easier to click on each price. The number of rows that can be displayed will be reduced however. The ladder interface will automatically display the maximum number of rows that your screen allows.

It is also possible to add more ladders up to a total of ten. As a default, three ladders will be shown in the ladder interface unless the enhanced display is chosen, in which case only one ladder will be shown. Here, we have five ladders selected.

Other settings that can be enabled or disabled are highlighted in the image below.

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Highlight traded odds

If you tick this box Bet Angel will highlight the last traded odds in a market. Last traded odds are different from last available odds or last price. Last traded odds represent the last price matched in a market as opposed to the last available odds or odds movement. When money is matched, taken, from a certain price Bet Angel will display one of three colours for a short period of time. Green The price just moved up, Drifted (I.e. 6.00 to 6.20) Yellow The last traded price was the same Red The price just moved down, Came in (I.e. 6.00 to 5.90) If you see no price movement then there is no current activity on this market. If prices are moving without any colours appearing then check you are in an API connection mode and if you are then it is likely that you are seeing orders pulled from the market and that is making prices move rather than bets being matched.

Basic Automation Settings

When starting Bet Angel you can choose to load the settings from the login screen.

Or you can call up the profile from within the software by selecting the profile name in the drop down box next to the spanner.

The screen layout settings can also be saved to a profile and different profiles can be selected by choosing from the drop down box next to the monitor symbol.

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Excel Settings Tab

The Excel settings tab contains two areas. The first is the regional settings. If you use a non-English version of Excel you will need to select the regional variation here. Setting this correctly will prevent the error message 'Description: Old Format or Invalid Type Library' that can appear if there is a language conflict within Excel.

You can also choose to send additional data to the Excel spreadsheet when it is connected to a market. Note that sending this data will have a perfomance overhead so keep these to a minimum. These will be added to columns AF through AL. Note that they will be displayed in the order below in sequence. For exampe if you select jockey name and projected SP these will populate columns AF & AG. If you select only stall number and reduction factor these will be displayed in AF & AG also. If you select all four of these they will be displayed in order from columns AF though AI. Saddle cloth number Stall number Jockey name Trainer name Reduction factor percentage Actual SP Projected SP

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Bet Angel Global Settings

Automated order management Concept
An important aspect to understand with Bet Angel is the global settings bar at the top of the Bet Angel interface. This controls how orders reach the market and how they behave when the reach the market. Global settings aid your ability to trade the market profitably by automatically applying order management functions to orders whether they be actions to exit or enter your trade into the market. Using Global settings you can tag these automated characteristics to your orders. If you have a market in Guardian Bet Angel will automatically manage the global settings in the background for you.

Usage
Global settings can apply to one-click, automation, manual bet, ladder and charting screens. In some of these of these areas global settings will apply automatically, in other areas you will need to specify that you wish to use the global settings. Look for the cog symbol on the one click and other screens. The ladder interface requires you to activate global settings by clicking on the Use Global Settings checkbox.

Please check on each screen whether the global settings are switched on. Failure to do this could lead to them being applied to orders where you did not wish them to apply.

Activating the global settings

The Global settings toggle button is on the one click and manual betting screens. The charting & automation screens will have global settings applied EVEN if the one click screen toggle is OFF . The Ladder interface has its own global settings and can be applied by ticking the Use global settings tick box. In order to use a global setting you simply need to decide what setting you require and its individual settings. The tick boxes will activate a setting and the text box immediately to its right will define what settings apply to the particular global setting. For example, click on the
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offsetting by box to switch on the offsetting function then use the box to the right to set the spread or the number of ticks you require from the trade.

Offsetting
Offsetting is the process of placing two orders in the market at a pre-defined offset to create a potentially profitable trading position. The first order you will initiate and the second order, the offset order, is automatically placed by Bet Angel. If the second order is matched then you will make profit. The offsetting order is defined as performing the opposite function of your opening trade. If you back first to open a position then offsetting will place a lay order in the market automatically, if you lay first offsetting will place a back order in the market automatically. If you are offsetting please ensure you are familiar with the offsetting modes in the settings editor and also how settings such as fill or kill change the characteristics of offsetting. The offset by x ticks function allows you to de fine how far apart your offset orders are. If you place an offset of one tick, Bet Angel will place your opposing order just one place different to your opening order, at the next available odds that would generate a profit for you. If you offset by one tick then you will stand the greatest chance of getting your orders filled. You can offset by as many ticks as you like but, obviously, the larger this offset the less chance you have of getting the offset filled.
1. Clicking at 2.66 with a one tick offset on the back side.

3. Using these stake values for both orders. 2. Automatically creates a new position here with a lay order at 2.64

4. But the weight of money is against us!

Place fill or kill / time in force bet

By using the fill or kill feature not only can you ensure your bet is filled but you can make sure any second offset bet conditional on the

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successful placement of the first order. You will also ensure that any partially matched orders are also offset by the partial amount. If you switch on the fill or kill you are telling Bet Angel to fill as much of the order you have placed or to kill it, i.e. cancel the order. The fill or kill function is typically used in two distinct modes: (1) If you set fill or kill to zero it will attempt to place an order, fill what it can at the current price and then cancel the rest of your order. If there is nothing available to fill your order then it will cancel your entire order. (2) It also works by holding your order in the market for a pre-defined time period. It will hold this order in the market and when the time you have specified expires it will cancel the remaining part of the order, if any. If you have applied global settings, such as offsetting, it will offset the filled amount, whether full or partial, for you automatically. This will also only take place after the pre-defined time period is up. In short summary: If you set fill or kill to zero, this tells Bet Angel to only place any other order if the fir st order filled, either partially or fully. If you set it to 60 seconds it will hold the order for one minute, 3600 seconds will hold the order for one hour! Typically in the stock market where time limits are placed, these orders are called time in force orders. Most Bet Angel users set the fill or kill function to a second or so if they are scalping so the market can catch the order in a reasonable time frame but not expose their position to the market. If, for example, you are trying to scalp by reversing the book and looking for a speculative fill, its worth setting the fill or kill to a much longer time period. For safety, you should make sure this fill or kill time is below the current time left before the market goes in-play.

Stop on opening bet

The stop on opening bet is applied to unmatched bets and works in the same way as the other global setting stops in that it is displayed and managed in the unmatched bets area. It will survive switching between screens and will be managed by Guardian if you switch to another market (as long as you've added the market to Guardian in the first place). 'Stop on opening bet' could be used to add stop losses to dutching, bookmaking or make market positions. A 'stop on opening bet' would be used when you're looking to open a position by offering a price to the market but would still like it to be filled and are willing to

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take a worse price if necessary. In the case of dutching, you may like to back at the lay price to gain that extra tick out of the market, but need to book to complete regardless (otherwise you haven't fully dutched the market). So if you set a five tick opening stop for example and enable global settings on the dutching screen, then if the unmatched bet eventually fills at the lay price then great. But if the price comes in five ticks then the stop will open the position on the runner for you. Without the stop, the price could come in and in and your only way to ensure the fill would be to wait until the off and Take SP. Even if you're just placing a single bet you may wish to use opening stop: Imagine an in-play soccer match, again you offer to back Man U two ticks above the current price as you want to place a back bet, but want a little more value for money and reckon the price will spike out in the next few minutes due to generally volatility in the game. If it fills that's fine you got want you wanted, but if the price contracts by your specified amount then the stop triggers and your bet is still placed. You didn't get the price you initially wanted, but at least you've still got your bet filled on Man U without watching it. I.e. getting the bet filled on Man U was your primary aim; the extra couple of ticks you asked for were secondary.

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Reversing the book; Using force open

If you are looking to trade the market it can make a lot of sense to reverse the book. This means that rather than taking a price available in the market you simply put open orders into the market instead and wait for them to get matched. By open orders what we mean are orders that are open and in the market and waiting to be filled. If you reverse the book you will see that any order you place is immediately unmatched. It gets held in the market waiting for somebody to take it. To reverse the book selected the Force open drop down menu. When you click on this menu you will see several options. None means that the book remains normal as you would expect to see on Betfair with the back side of the book on the left and the lay side on the right. Back means that the entire book becomes a back only book; any price you click on this screen will place only a back order into the market. Lay means that the book becomes a lay only book; any price you click will only place a lay order into the market. If you lay at a lay price that is available on Betfair your order will fill instantly. If the price you lay at is not available it will enter the market as an unmatched order and will wait to be filled. If you select the reverse option the book will flip over and now the screen will offer you the chance to back at the current lay price and lay at the current back price. Any orders placed will most likely be unmatched when they reach the market. The reason you may want to reverse the book is to enable you to get your order filled at a better price.

Clicking on 2.60 with a one tick offset, force open set to reverse and a 60 second fill or kill.

Will place a lay bet at the current back price and hold it for 60 seconds or till the lay order is complete.

After 60 seconds is complete or when the order is filled. Bet Angel will place a back bet at 2.62 or better.

Using these stake values for both orders.

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Offsetting by X ticks
Offsetting effectively allows you to put two orders in the market with a spread between them. Bet Angel allows you to put a numeric value to that spread, this value is based on ticks. If you enter a numerical value next to the offsetting by function this will make the offset bet enter the market at a value X ticks away from your opening bet. If you back at 2.66 with a 2 tick offset then Bet Angel will automatically place a lay bet into the market two ticks away at 2.62. To learn more about tick values, read the auto staking section.

+2 ticks

Entry price

-2 ticks

+2 Entry

-2

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Offsetting by X ticks with greening

Typically the process of placing orders and hedging the profit are two separate processes but the with greening function automatically adjusts the value of the offset bet to allow the book to balance to a green value without any further intervention. There are certain situations in a market where you need to achieve a hedged profit across the entire book instantaneously. Using offsetting with greening allows you to achieve this. This function can be used at any time but it is particularly useful in running when prices move so quickly you are often unable to square off your positions and hedge your profit quickly enough. Example In the following example you can see we are scalping the market by reversing the book and looking for a one tick offset. We have entered the market by laying 100 at 4.3; we are trading at a 10 tick size. We enter the order into the market and it is matched, which triggers a one tick offset order to back at 4.4. Despite laying for 100 you can see the corresponding offset bet has actually entered the market with a stake value of 97.73. At first this looks like an error but moments later the order is filled and the balance between the two becomes your green value. You do not need to worry about the value of the offset order as Bet Angel automatically sets it from the offset value. Please be aware that the offset order stake will always be fixed so closing a position either manually or via a stop loss could leave an unequal position. If you wish to have more control on the closing value you can use the trade calculator.

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Overview of the One Click Trading Interface

Undock the screen here Micro chart of back price history Clicking on a blue price will place a back order.

Clicking on a pink price will place a lay order.

Advanced charts button

Unmatched bets area.

Trade profit column

These are the back and lay stakes that will be placed.

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Settings The settings at the top of the one click screen control the layout and appearance of the columns used. This will hide or show the column headings. Hiding the headings will allow more market selections to be shown on the screen.

This button will allow you to add or remove columns.

This button will enable you to configure custom columns.

This button will save the layout of the columns.

This button will save the layout under a profile name

This button will delete the currently selected layout

This will toggle the global settings on and off*

This will toggle one click betting on and off. When 'off' the pointer becomes a selection tool for the manual bet layout.

*In the ladder, you will need to tick 'Use Global Settings'.

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Custom columns
If you want to create your own column this is possible using the custom columns settings. Select the profile you wish to load into the custom columns editor. There are two provided - default and 5 prices. You can create your own profiles in the editor. Click on the custom columns button ( ) to get started. You can see from the image here that you can set the column to submit back or lay bets at fixed or offset prices from the live prices. You can also specify a fixed stake or to use the stake normally used when using the grid. In addition, you can specify a column to cancel unmatched back or lay bets you may have in a market.

You can see to the left we have specified a custom column to cancel Lay bets. And the column appears as on the right.

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Here I have specified a column and called it 'My Fixed Column'. It will be fixed odds of 1.8 and I have specified a strong colour to make it standout. If I save this I can now add this column by clicking on the column chooser button and placing a tick by my saved column.

1 - Define the column 2 - Add to the grid

This will add the column to the grid as below:

Custom Column

Now I will be able to place a bet at the specified odds with a single click even if they are outside of the normally currently available prices.

Drag 'n' drop columns

The layout of the one click interface is very flexible. If you do not wish to have the last traded price or the total volume matched displayed then these can be removed using the column chooser.

In addition the columns can be moved. For example, if you want the trade profit moved to the right of the prices grid then you can drag and drop it wherever you like.

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Saving Custom Layout

If you have created a custom column layout, you may wish to save this to call up the next time you wish to use it. You can do this by clicking on the save grid layout button. Click on this button will allow you to give a unique name to your customised grid layout. For example, I have a custom layout here I have called 'My Grid Layout'

Sort by name, price or any column.

If a column header is clicked upon then the grid is sorted by the values in that column. This means it is possible to sort the field alphabetically if you click on the 'Name' header. Or you could sort by price by clicking on the back or lay header. You could also sort by stall number in a horse race or even saddle cloth number. Here, the field has been sorted by saddle cloth number:

If sorting by values that are dynamic then be aware that the order can rapidly change. Take a horse race win market for example. If you have selected to sort by price and there are two or more runners at the same price then these can rapidly flip position making it possible to place bets on an unintended runner.

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Saving a screen layout

It is possible to open up multiple charts and assign them to say the first few selections in a market for example. Instead of having to repeat this process and open up all your charts and align them how you like them each trading session, a screen layout profile can be saved and called up at any time.

To save a layout click on the View menu item in the top menu bar and select Save Screen Layout or Save Screen Layout As if you want to save a new profile.

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Unmatched bets area

Concept The unmatched bets area allows you a simple interface with which to view, manage or modify all your unmatched bets. By grouping all unmatched bets you can quickly see what open positions you have and what you need to do with those open positions. Usage The unmatched bet area is present in most parts of Bet Angel. If you do not wish to use it you can undock it and forget it or minimise it to be very bottom of the screen you are working on. To do this grab the horizontal bar above it and drag that bar to a suitable position. Whenever you place an order using Bet Angel, regardless of where you place it, it will appear in the unmatched bet area. If you place an order on the ladder, via Excel, automation or any of the functions in Bet Angel all unmatched bets appear on this area.

Main buttons At the top of the unmatched bet area there are six main buttons. Save all manually saves any unmatched bets to the saved bets area. Cancel all will cancel all unmatched bets. It is important to note that if you modify bets in the unmatched bets area, except for the nudging feature, you will need to use the Submit changes button to submit these changes to Betfair. Just modifying the odds or stake on an unmatched bet will not automatically change these odds, you need to use the submit changes button to achieve that. Cancel all will cancel all unmatched bets. If you have made a mi stake when modifying your orders Reset will reset any amendments to bets that you have made but not submitted. In addition there are the Keep All and Take SP All buttons. These tell the exchange to KEEP the bet in the market when turned in-play or to TAKE SP. Unless one of these options is chosen, the unmatched bets will be cancelled. This function is the same as on the Betfair website and only available when offered by Betfair. Using the main title bar in the unmatched area you can also sort your unmatched bets by Name, Bet reference, date placed, odds or your outstanding stake. You can sort in either ascending or descending order.

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Modifying and nudging orders If you wish to modify the stake value or the odds on an unmatched bet you simply click on those odds or stake and a white box will appear around the odds or stake. This is a now a numerical field where you can enter your new stake or odds. If you have clicked on this field by mistake, either press esc or click elsewhere on the screen. You will also notice that there are plus and minus buttons to the right of the unmatched bet odds. These buttons allow you to quickly and easily amend an order by nudging the price up or down by one tick. A tick is the next price point available in that odds series. If you had a bet priced at 5.7, nudging the odds up one tick will push the price to 5.8 or nudging it down would push it to 5.6. Cancel / Close position Rather than cancelling all open positions in a market you may wish to cancel individual positions. This can be achieved by clicking the cancel option on the unmatched bet which you wish to remove from the market. Sometimes, rather than modifying or nudging a position, you may wish to just exit you position immediately. If you click the close position button Bet Angel will attempt to close your position at the best available price at the current stake value. Bet Angel will place this order slightly outside the best available prices, the third best price, in order to ensure you have an excellent chance of filling your closing position and exit from the market. You need to be aware though that best available price could be anything. Bet Angel will always place the closing order at a good price and this will generally complete without issue but if the market suddenly moves that price could be significantly different from the current best available price at the time you click the button. You may wish to explore using the trade calculator option to exit trades more effectively. Awareness If you modify a bet in the unmatched bets area, Bet Angel assumes that you are taking manual control of that bet. Therefore any global settings that were applied to this bet will be lost. Settings such as stop losses, fill or kill orders will no longer function if you modify a bet manually.

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Bet Persistence / SP & Keep Bets

Concept The unmatched bets area allows you to modify and manage unmatched bets but it also includes the ability to convert your unmatched bets to get matched at Betfair SP at the start of an event, or to keep the bet through a market suspension and into the inplay phase of a market.

Usage If you have unmatched bets you can use two methods to change the status of your bet when the market goes in play. We have an unmatched bets it will appear on the unmatched bet area. Also there is a column here titled At in -play. By default all bets get cancelled when the market turns in play but by clicking on this area next to the bet you wish to modify, you can change what happens to the bet when the market is turned in play. If you wish your bet to be carried over to the in play market, simply select keep. Alternatively you can make the bet take the SP price by clicking Take SP. If you modifying an individual bet you need to instruct Betfair of these changes and you would do this by clicking the submit changes button. Bet Angel reminds you that you have modified but not submitted by changing the status to the colour red. By using Take SP your bet is guaranteed a match, but you are not guaranteed at what price it will match. By using keep you will retain the same price and st akes but you will rely upon the in play market volatility to get your bet matched. If you have a series of bets in the unmatched bets area you can globally apply these characteristics by clicking on Keep all or Take SP all. All unmatched bets in the unmatched bet area will modify and adopt the new characteristics; there is no need to submit changes.

Awareness The ability to modify unmatched bets to keep or SP bets; is only available in API mode. This option will not appear if you are logged on in other non API modes.

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Countdown timer
Concept The countdown timer allows you to keep informed on the expected start time of an event. It counts you in to the expected event start time with characteristics to alert you that you are near expected. This allows you to exit all open positions before the event starts and switch es to inplay or suspended status. Usage The countdown timer is always present on Bet Angel professional. It is located at the bottom of the software and to the right of the screen. To expand and bring up the countdown timer to the full screen, double click on the countdown timer. When you do this a box will appear which you can re-position around the screen at your convenience. You can use the pin function on this box to pin the countdown timer to the top of your current screen. Countdown status In its normal mode the countdown timer shows the time remain to the start of this event. When the event is less than one minute away the countdown timer changes to red to warn you that the event is about to start. When you enter the last thirty seconds the timer will flash to alert you that you have little time left and should exit all positions. When the event goes in-play the timer will indicate this and when the market is re-opened it will start counting up to show you how much time has elapsed since the market turned in-play and was unsuspended. Awareness Events can start without warning or before the time that they are schedule to start. The countdown timer is only an indicator of the expected start time. Do not rely upon it as your only indicator. You should also take steps to ensure the time you are seeing relates to that which you expect. For continuity Bet Angel takes its time from the Betfair API but the timer also relies upon your computer system clock. Make sure that you synchronise this clock regularly to ensure the timer works correctly. Less than 30 secs.

Normal

Less than 1 min

Just gone in-play

Concept
The ladder or depth of market interface allows you to view all available odds on a specific selection. By viewing a small number of selections in a vertical manner this interface allows you to see and trade the entire market depth in a convenient point and click interface. You have the ability to drag and drop orders in and out of the market with ease, speed and efficiency. Seeing the full market depth allows you to fill gaps in the market and also view the current range and volatility at a glance.

Setting up
On the first visit to this page you will be presented with a display of vertical odds across the screen. Each of these represents the first three selections in the current market you are viewing. In order to change any of the selections, simply click on drop down menu with your selection. To the right of the selection name there is a small chart icon, clicking on this will bring up the current Betfair charts for this selection. Using the ladder style option in the settings editor you can change the way the interface is represented on your computer. You are able to adapt the ladder display to either normal or large rows. Not only does this make the screen more useable it will allow you to adjust the screen to your monitor size. The normal row size fits the odds and match bets total and allows more cells per screen. The large row size puts empty space around the current data. This means it is easier to view each cell and the chance of clicking on the wrong one is minimised. There are a range of options how the screen can be display and all are available from this drop down menu. If you have a larger screen with a high screen resolution you will be able to fit more rows on. Experiment with this menu until you find a setting you are satisfied with. You can also define how the ladder behaves when you click on it. Using the force open option you can force orders on the ladder to enter on back side only, on the lay side only or you can have back orders on the left and lay orders on the right or the opposite of this. Each method has plus and minus points depending on how you wish to trade the market and what Bet Angel features you aim to trade with. For more information on force open read the dedicated section.

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Initial settings for the ladder interface

Before you start using the ladder interface you need to be aware of additional settings. These are held in the area to the middle-top of this screen.

Use Global settings

A red X through the blue cog indicates that the global settings are not applied. You should make sure whether you have global settings switched on before using the ladder. Global settings can apply to this interface just the same as other areas in Bet Angel. If the global settings option is switched on then features such as fill or kill, offsetting or stops losses will apply to the trades you make in the ladder interface.

Enhance ladder
Selecting this will show the additional advanced features available with the ladder such as charting and a dedicated trade profit calculator. See the section further on in this guide.

Charting options
If the enhanced ladder is selected then the left of these buttons will clear or reset the charts. The button on the right with the spanner will display the chart settings options.

Greening Options
As you will read further on, the left hand column of the ladder shows the potential position should you close your trade. You can select to have this shown with greening or not.

Greening Position
The figure on the right hand side shows your potential or current green position should you close all open trades at the currently available prices. Click on the figure to place closing bets.

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Show full market depth and volume

If you have this selected in the settings editor (it is by default so you probably will have) Bet Angel will automatically display full market depth and volume to the first ladder in the interface. It is important to note that full market depth requires much more data to be downloaded from the exchange. Therefore Bet Angel will run faster without full market depth. Also, because of the amount of data that is being retrieved from the exchange, the full market depth data is only retrieved intermittently. On fast moving markets this may result in gaps appearing on the full market depth screen as the odds move faster than the full market depth is able to update the spaces left by the best three odds. Full market depth allows you to get an extended view of t he entire market, not just the front three prices. A normal Betfair screen will show you the three best prices to back or lay at. With full market depth view you get to see all the positions in the market wherever they are. Whether odds are at 1.01 or 1000 or any intervening level or amount, full market depth gives you unparalleled visibility of what is going on in the betting market. This in turn will give you a significant advantage over others who cant see full market depth.

When you look at a market before it turns in-play, money held in open orders outside of the current price can be there for a number of reasons. Seeing the range and scale of this money will allow you to get better understand what is happening in the market. Mone y lurking outside of the current price creates pressure or resistance to price movement by default, it also leaves a footprint of positions that people have left open perhaps because they have been only been partially filled or they are waiting for the market to return to its mean. People still leave large open positions out of the money; monitoring this is a definite advantage.

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Full market depth is also for useful for understanding volatility. If the range of matched prices is wide this suggests the market is more volatile. While you may get larger price swings you also need to be cautious of any moves that start to go against you. If you see even amounts of money matched across the market then the weight of money will likely move prices quickly in either direction. In contrast, large amounts of matched bet volume at narrower price ranges will create a less volatile market. Large amounts at certain prices are likely to mean that the price has hit resistance and may struggle to break through that price. It is likely that the market thinks that value is held above or below these points and people are acting on that by backing or laying when value is exceed in either direction. Full market depth is excellent tool to give you a much deeper understanding of the market.

Traded volume & recently Traded Volume

The ladder interface will also show the recently traded volume if this option is selected in the settings editor.

The orange area above shows the total traded in a graphic format and will relate to the figures you see. The purple part of the chart shows the total traded in the time frame set in the settings editor. This is set to 60 seconds as a default.

Staking Area & Pre-set Stakes

In this area we can set pre-set stake amounts to allow us to quickly change the stakes used when betting on the ladder. The standard stake area is set by the default stake amount defined in the settings editor.

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The Pre-set stakes we can change by over-typing the values. For example, if I want to use 2, 5, 10 and so on I can enter these values. The Net Stake is showing us the current stake required to close a position on a particular market selection. As an additional help, the background colour of the Net stake shows us whether we need to place a BACK (blue background) or LAY (pink background) bet to close the position. For example, here a 50 LAY bet has been matched in the market. This makes our NET STAKE 50. Bet Angel is showing that a BACK bet of 50 (blue background) is required to close our position. We can quickly select the Net Stake by clicking on it with the mouse then placing a BACK bet.

Note that the trade profit calculator cannot be used for greening once a position has been closed and has zero Net Stake.

Trading Profit & Greening

Using this option will toggle the left hand column of each ladder showing your position should you close at the prices indicated with or without greening. Take a look at the following example.

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Click here to request price.

Unmatched bet.

In the first illustration we can see a lay bet has been placed at 3.55. The trading profit column (indicated) is telling me that I can close the trade at 3.55 for net ZERO. Closing at a lower price will result in a loss (red number). Closing at a higher price will result in a profit (green numbers). I want to realise a profit of 1.50 from this market and I can see from this column that the price needs to move to 3.75 in order to do this. If I click on the green 1.50 in the tra ding profit column, Bet Angel will place a bet in the exchange of the correct amount to realise this profit. You can see Bet Angel has done this in the second illustration. If using greening, Bet Angel will automatically calculate the stake required.

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Enhance ladder
If you tick the enhance ladder option then the ladder screen is instantly transformed into a multi-function, multi display trading tool. This is a significantly more detailed interface than the normal ladder. The display combines several elements of different Bet Angel screens all in one component. This allows you to monitor and trade with the maximum of efficiency. The downside is that there is only one selection that can be traded at any one time. However, you are able to switch dynamically to other selections in the same market using the drop down menu or by clicking on the grid control on the right hand side of this screen.

Tick size crossover point

The enhanced ladder interface is a combination of the traditional interfaces but in a compressed form. The enhanced ladder contains: The standard ladder trading tool Trade calculator Charting Grid interface Matched and Unmatched bets

For most of these functions you should simply refer to the dedicated section in the user guide to learn how to use them. One change though is in the match and unmatched bet area. On the enhanced ladder this has been compressed to a much smaller size and all the matched and unmatched bets related only to the selection you have on the first selection on the ladder.

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Placing, cancelling and changing orders using the ladder

Placing an order on the ladder interface is simple and easy. With your stake values pre-set all you need to do is point and click your mouse to place, cancel or amend orders. In this example, to open our position, we have clicked on the lay side and Bet Angel has placed a 500 lay order. We used a 500 stake because every price movement in this market will net us 10 profit as the market moves 2% at a time. This position is now shown in the trade calculator and the matched bet area. As the position moves into profit we have then moved our mouse over to the other side of the ladder [see inset graphic] in order to get ready to exit the trade. We dont know at this stage when the trend will end but we have our mouse ready to exit the trade immediately by clicking on the opposing side of the book. You can also use the trade calculator to exit if you wish as this also gives you the option to automatically hedge your profit at the same time. If you place an order on the ladder and it is unmatched it will appear in the white area. In the next example we have clicked to back 200 at 3.60, but because that back price is not available in the market our unmatched bet appears on the left white area, the back side, as an unmatched order for 200. You can see from the market depth all 200 is ours. You can also see that we quickly put another order in the market to lay at 3.55. All but 42.96 has been matched and the remainder shows as an unmatched order. If an order is partially matched the unmatched amount appears in the white area and the net stake area is automatically adjusted. Any orders in the white area of the ladder can be manipulated by clicking. Click once on an unmatched order to cancel that order. You can also click and hold any order in this area. This allows you to drag and drop the order to another price. It often makes sense to move your mouse to click and hold unmatched orders. This means you can now move the order quickly if you need to. You will be able to drag it to new price to get matched quickly if needed. If the order matches while you are holding it, the order disappears. If you change your mind, simply drag the order off the side of the ladder to an empty area and the order will also be discarded.

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You can also cancel all orders in a market on either the back or lay side of the ladder by clicking one of the Cancel buttons at the top of the ladder.

Cancel all these unmatched bets with a single click here (or press Z)

Current position on this selection.

Click here to cancel all unmatched bets on this side of the book. Partially matched orders show a net stake which can be dragged and dropped to quickly close a position.

Weight of money on this side of the book.

Unmatched orders will appear here. Once click will cancel the order or you can drag and drop unmatched orders to a new price.

Current general market pressure on the price Traffic light system for LTP. Green price increased Yellow price is the same Red price decreased Use the scroll bar to move quickly across the entire market.

Clicking on the odds or % figure will centre the ladder on those odds.

Trading profit column. Click on these amounts to close at the price indicated.

Total amount that has been matched at this price with graphical representation.

Clicking on either side of the ladder will place a back order (blue) or lay order (pink) using your pre-set stake selected above. Total amount available on the three front prices in the market.

Tick size crossover point highlighted. Change colour in 'Settings'

When you have set up the rule, go to the automation area and click all lay. All the selections in the market are now primed to fire to this rule. If you arm the rule before the race has started bear in mind that when the race is suspended all triggers will be reset. This is so that you do not accidentally carry over triggers to an in-play market. Therefore, when the market turns in-play you should make sure you tick the Lay all box. If your trigger now lays two horses in running, at lower than 2.00, you will make money.

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Get Bet Angel to Trade automatically

This trigger will automatically trade a market. By using the automation along with the global settings you can get Bet Angel to automatically place positions in the market and exit them also, though you will need to make sure you tidy up any unmatched bets before the start of a race. Set you rules as shown. On the automation, both rules have been set to fire at whatever odds are available but because we are trading a selection price at 1.5 we have pulled the place at price to somewhere in this range. We have set the odds range to 1.01 and 1000. This is because we want the bet the fire whatever the price. In this example we have set the weight of money to <=30% on the back side and >=70% on the lay side. This means that the bet will be fired at any price when the weight of money is favourable on either side. If the weight of money is not favourable then no bet is fired.

On the global settings we have switched on offsetting and also the stop loss settings, we have also used fill or kill. When a bet is fired into the market the global settings will automatically apply offsetting. If this bet is filled the offsetting bet will reach the market also and if this matches then you will make money. If this bet is not matched Bet Angel will monitor the position and close it automatically if it moves too far against you. It does this using the stop loss feature. If your bet is unmatched but never reaches the stop loss you will need to close the position yourself to stop yourself having unmatched position and the market then going in play.

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Bet Angel Streaming Charting

Concept
Streaming charting on Bet Angel allows you to see at a glance where the money is in a market and what price action is taking place and the general direction it is taking. It will allow you to accurately judge where money is and what it is doing.

Setting up the charting screen

All the familiar one click trading buttons and all the global settings are available for use on the charting screen. These functions work in exactly the same way you would use on the one click trading screen and dont required additional explanation here. This means you can watch the charts and trade at the same time. In the main charting area there are three charts displayed at the same time. If you wish to display a different selection you can use the drop down menu to make a different selection. Bet Angel caches chart data from the moment you reach the market and therefore the new chart will display instantly. To the right of the main price chart you will see eight coloured boxes; Tick or un-tick these to display lines on the chart. Hovering your mouse over these boxes will confirm what each line the tick box represents.

If the market was recently suspended, false prices can disrupt the display of the charts. You may need to use the clear charts button in this instance as this will reset all the charts in Bet Angel and allow them to re-populate with better quality market data. If you click on the chart setting options this will bring up a new list of options which allow you to modify the way chart information is displayed. It is possible to modify several characteristics of the chart.

To modify the colour of anything plotted on the chart just click the colour box next to the line you would like to change the colour of. This will display a colour palette which you can use to

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apply any colour on the palette or any custom colour you may wish to create. Click ok on the colour palette when you have completed this. You will also see a set of tick boxes that allow you to change the default settings you see when you first change to the Bet Angel charting screen. Ticking one of these boxes will mean that when the charting tool is used it will default to display this set up. In this example we have elected to show all the available lines on and derive these lines from the back price. When we first use the charts next time all available lines on the back side will be displayed. You can also set the moving average line values from this section. The default settings are 21 for the fast moving average and 50 for the slow moving average. A setting of 20 will display the average price for the last two price updates. Moving averages are often used in financial markets as a signal to indicate a change in price momentum. As you move down this section you will also see colour and indicators for the lay side of the book, for the volume graph and also the weight of money. All of these can be modified in the same manner. The final setting on this section is the X axis interval. This setting allows you to specify how often the charting is update. If you are refreshing the market at a very fast rate you do not want to charts to update at the same rate. If they did the information would be useless and it would disappear off the charts almost as soon as it arrived. Therefore this setting allows you to specify how often you would like the charts to update. Click on the drop down box to modify this setting.

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Using charting on Bet Angel Professional

Being able to feel what direction the market is going and why is a valuable tool. The clear and obvious benefit of graphing is that it clearly displays activity in the market and it allows you to feel what is really happening in the market and why. Whether you use it directly or not it, having graphs available is an invaluable tool. Using graphs you can not only see immediately what has happened and why, but you can also see very strong indicators of where things are going. This is invaluable in terms of improving your understanding of the market and making you a much more effective trader. If you have a position you want to fill, looking at a graph can easily tell you if your chance of a fill is high or low. If you want to take more than a tick out of market then charting can tell you if that is a realistic target. There are two main areas and four charts in total available in Bet Angel. We have illustrated them here for your convenience. The price chart on the top left of the Bet Angel screen represents and frames the current price activity and volatility you are seeing in the market. The two outer lying bands within this charting screen will capture around 95% of price movement within a data set, accurately framing just how volatile the market is. The bands are plotted by using two standard deviations from the moving average price. Modifying the slow moving average will affect how the bands are plotted. Using this allows you to understand how much risk you are taking in the market on either side. If the market is very volatile the bands will expand to catch the expected range. If the market is very stable the bands will narrow significantly Within side this band are three additional lines. The green and yellow lines represent moving averages of the price action. This gives you an indication of the current price trend. The main blue line moving between all these bands is the current market price. Below the main price graph is the volume in the market. This can help you identify outsized order volume and its effect on the market. The bars represent the individual matched bet volume and the maximum bet size matched is displayed on the far left of these bars. All charts represent around 100 data updates. The update rate is set from the chart settings are and can represent anything from one tick to one minute.

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On the right hand graph you can see we have a weight of money graph. The weight of money graph is plotting where the money is in the market. The dark blue line is plotting the individual weight of money and the lighter blue line, where applicable, the average weight of money. Weight of money is important because it is how prices on Betfair are formed. All prices on a betting market are formed by the weight of money. If more people are willing to back a selection then the price will fall, if more people are willing to lay it the price will rise. On Bet Angel the weight of money graph will tell you where the money is in the market and plot accordingly. You can see in this example that the weight of money was persistently below 50% indicating pressure on the price to come in, the price would get smaller. The price did indeed get smaller and then the weight of money shifted in the opposite direction and was persistently on the lay side. At that point it went back in the other direction. You can clearly see the turning point on the weight of money graph as it reached a clear exhaustion point where nearly all the money was backing this selection and no money laying it. Without knowing anything about this selection we could tell that the market felt that there was no value in backing this horse at a lower price because at that point people started laying it and the weight of money started to move in the other direction. You can actually see that the shift in weight of money occurred quite a few bars before the price started to react. Again, this has pretty clear origins as a shift in the weight of money has to force a price change eventually. Weight of money does not work, generally, in-play. This is because the price activity in the market becomes directly linked to the activity in the underlying market. No amount of money can force a horse to stop two furlongs out or reverse a Manchester United goal. All price activity in play is tied to the underlying event. Before an event starts all activity is formed by opinion and that opinion tends to show up in the weight of money. The volume charts can also be useful for spotting the start of a broader price trend. If a large order reaches the market it can signal a change in sentiment on a selection or indicate a large player in the market. Watching for large orders in the volume area can indicate that a new price trend has just begun.

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Bet Angel Advanced Charting

Concept
The advanced charting on Bet Angel allows you to graphically represent price movements in a resizable window using a number of user defined settings. Doing this allows you to accurately assess price activity in the market and take advantage of any price movements that are likely to occur.

Starting the advanced charting screen

To activate the charting function simply click on the chart graphic on the far left of a selection. On other screens, where this function is available, click on the appropriate icon on the screen. Clicking on the icon will bring up a chart with default settings. You can click on additional icons and bring up multiple charts on different selections and display all these charts at the same time. Each chart windows can be pinned to the top of your current display and resized to suit your trading style.

When you first use the advanced charting you will be defaulted to the first chart in the list. By clicking the drop down menu you can select other pre-defined chart setting options. You can switch to different charts at any time by selecting the drop down menu option and selecting a new chart setting. Bet Angel stores information on the market as soon as you switch to it. If you switch between selections in the market Bet Angel will have automatically started collecting information on those selections as well. If you want Bet Angel to collect data over much longer time periods you should populate Bet Angels Guardian feature with the markets you are interested in. Make sure you pay attention to the refresh rate you have set in Guardian as this will ultimately

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determine the rate at which it is collecting data. For example, if you have ten markets available in Guardian and set it to refresh at 1 second, each market will be on a ten second cycle. This means it will collect data to populate the chart every ten seconds. If you want it to collect data faster, simply speed up Guardian.

Modifying the chart settings

To edit the chart settings click on the spanner symbol in the top left hand corner of the chart window or go to the settings editor and click on the Charts tab . Clicking on this button brings up the charting profile editors. This editor will allow you to modify the default settings or create completely brand new charts.

To edit an existing chart setting, click on the name of the chart setting you wish to modify. These are displayed on the left of the editor. When you click on any one of these the main editing area fills with the settings you have assigned to that particular chart. To modify any of those settings simply click on the tick box next to the item you are interested in showing or wish to unselect.

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There are hundreds of possible combinations you can chose from based on the data you wish to show and how you wish to see it displayed. If you want to create variations of each chart with slightly different data, simply create the variation you wish to see, rename it and save it to your list.

Chart settings available

General - Name
If you custom create a chart then use this dialog box to name your chart. All charts are listed in alphabetical order so bear than in mind when you name a chart. You may also want to use a name that helps you remember what the settings were.

Chart Style Line chart

A line chart is simply a representation, in line form, of the data that you want to be plotted on the chart. A line chart simply plots the last available update of data to the chart. Using the price envelope plot you can frame the price volatility of the line chart so you can see how volatile the market looks and key pressure and turning points in the market.

OHLC Bar
An OHLC bar chart plots data over a time period and should therefore be used with a modified setting in the X Axis interval. By this we mean you should carefully decide over what time period you want this particular chart plotted. OHLC stands for "Open High Low Close. This chart setting is constructed using the following data: 1. 2. 3. 4. Opening price: It is taken from the first price of the period. Highest price: Highest price is high price of the period Lowest price: Lowest price is low price of the period Closing price: It is taken from the last price of the period.

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The top of the vertical line represents the high of the period while the bottom represents the low. A small horizontal line on the left side of the line shows the Opening price while the one to the right gives the Closing price.

Candlestick chart
A candlestick chart is a style of bar-chart used to describe price movements. It is a combination of a line-chart and a bar-chart, in that each bar represents the range of price movement over a given time interval. This method of charting prices is popular due to the ability to display five data points instead of one. Candle sticks are composed of the body blue and white, an upper and a lower shadow or wick. The wick illustrates the highest and lowest traded prices, and the body the opening and closing price. If the price goes up, the body is white, with the opening price at the bottom of the body and the closing price at the top. If the price goes down, the body is blue, with the opening price at the top and the closing price at the bottom. With all charting methods there are an immense amount of strategies you can put to use in the markets. As there are already substantial amounts of information available on this we suggest you Google each method to research your preferred strategy.

X Axis Interval
The interval is the time between each refresh on the graph. You can set to the lowest value to one tick / one price movement. Generally this would make too volatile so people tend to use time intervals. The time intervals range from 500ms to 10 minutes. Time intervals are best used when plotting bar or candlestick charts.

Width / Data points

On the advanced charting you can plot up to 200 data points on the chart. By data points we mean the number of intervals plotted across the screen. Plotting more data points allows you to see much longer term price activity on your chosen market. Less data points means that the chart effectively expands to fill the same area but with less data giving you sharper focus on the time period you are looking at. Both the interval and data point settings are down to your own personal preference.

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Creating Custom Charts

Since v1.31.0 of Bet Angel Professional there has been the option to add your own advanced charts. To create a new custom chart click on the + button at the top. This will create a blank template populated with a b asic Price chart, as detailed below. To gain ease of use and to familiarise yourself with various features, you may want to edit one of the existing charts. If you click on the copy icon, this will allow you to edit an existing chart without accidentally overwriting settings that already exist.

The main charting editing windows consists of two different areas. The top layer named charts allows you to create a charting pane. Clicking the + icon in this area allows you to create a new charting window. You can create as many chart windows as you wish as they will all stack on each other. Use the chart height ratio to change the height of each of these stacked charts.

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When you create a new charting window it will be blank unless you add a data series. A data series is automatically added when you create a new chart window but you may want to modify this. Each main chart panel can be created as a Price, Volume, weight of money, MACD or relative strength chart. From there you can layer additional information on each chart. To add a new layer of information to the chart simply click the + icon in the chart configuration area. In this example chart we have created a price, weight of money and volume chart in the main charting panel.

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Manual Bet and Green up.

Concept There will be occasions when manual betting in a market will be preferable. Bet Angel Professional provides the ability to place multiple simultaneous manual bets and also green up on selections within a market where stake calculation needs to be quick. Note that the manual bet screen is simply an alternative layout of the one click grid. The 'one click' option can be turned off and the mouse pointer then becomes a price selection tool to populate the manual odds column. Usage If you would like to back or lay the entire field in a market you can check the boxes at the top of the manual bet section marked Set all odds to: and Stake all with: and enter values in the relevant boxes. For example, if I would like to enter a back bet of 2 but at odds of 1000 across the field I would set it up as follows:

And click on the Back All button. This will place multiple simultaneous back bets across the field at my requested price of 1000. These will sit in the unmatched bet area from where I can further manage them if required. A similar use might be if you want to place a lay bet of 2 at odds of 1.01 across the field:

And then click on the Lay all buttons. Be careful when using this method. Carelessly clicking on Back All when you intended Lay All could prove costly.

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Using Manual Green Up stakes

The green up stakes area allows you to offset any profit or potential loss after you have completed a trade.

Type in the green up value and Bet Angel will calculate stakes based upon the current lay (or back) price by using the following formula: Actual stake = Green up stake/current price . With the current price being the current lay price if the green up stake is positive or the current back price if negative. This enables us to fine tune a book and alter our potential position on individual market selections.

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Bet Angel Advanced Dutching

Concept
If you are not familiar with the concept of dutching, it is the process of placing more than one bet in a market to create a position in that market that delivers a pre-defined profit. Bet Angel allows you to not only pre-define that profit by event and selection it also allows you to manage your risk and reward by allowing you to dutch to a pre-set target profit or loss by individual runner selection.

How dutching works

In its conventional use you could place a dutch bet to cover the front three selections in a market. You would decide that you want to win 100 whichever one of those selections went on to win. You are pretty sure one of those three selections will win but you are uncertain about the ability of a couple others in the event. Using dutching you could cover those as well to ensure you win regardless of which one of three actually win the race. By using this strategy you have covered not only your key selections but also the chance of an upset as well. Dutching works by effectively creating a position The downside of dutching though is that you will accept a bigger liability if your bet does not come in. Unfortunately that is inevitable, as the profit generated on your selections is a result of you effectively creating a book by backing below 100%. By that we mean that the entire market will be priced at or near 100%, this is because the chance of any one horse winning in a field of 10 is 100%, one of those ten will win. When you place a dutch bet you create a position in the market under 100% and spread your profit across your selections and the liability that created this profit is spread amongst the remainder. What you have to do when you place a dutch bet is strike the balance between your winning dutch selections and the possibility of the loss coming in.

Awareness about dutching on a Betting Exchange

There are certain circumstances where if you dutch a market and have failed to account for the impact of withdrawn selections you could face a substantial loss. Please make sure you understand the market you are dutching and make sure you clearly read the rules of the market to asses any possible impact.

Bet Angel Reference Guide

Bet Angel Reference Guide

Microsoft Excel integration

Concept By linking to Microsoft Excel with Bet Angel you are able to create your own custom trading tools, trading algorithms or your own trading robot. This will give you massive flexibility in interacting with Betfair. At its simplest level, you can create simple templates to view the market or create custom buttons to aid your trading style or at its most complex you can custom write complete trading algorithms.

Starting up the Excel interface

Before you can link Bet Angel to a spreadsheet you need to select a market. Once you have selected a market you will be ready to send that market data to a connected spreadsheet. Go to the Excel tab on Bet Angel. When you click on this tab you will see the current Excel status. In order to use Excel with Bet Angel you need to connect Bet Angel to Microsoft Excel.

To connect to Microsoft Excel, click on the browse button. Locate your custom spreadsheet or locate the templates area and Bet Angel will display a list of spreadsheets available for use in Excel. Double click on the spreadsheet you have selected to bring the location into Bet Angel.

It is important to note that there is no need to store all your spreadsheets in the default folder; you can store them where you wish. The first spread that you will see when you first use this function is the default spreadsheet called BetAngel_1.xls The provided templates can be found in the same directory as Bet Angel is installed. Usually this is C:\Program Files\Bet Angel Limited\Bet Angel Professional\templates\

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Connecting Bet Angel to your spreadsheet

When you have located the spreadsheet you wish to use click the Open workbook button on the Excel. This will open up Microsoft Excel and the Bet Angel spreadsheet. Bet Angel templates are denoted by the name Bet Angel.

Once the spreadsheet is open it will display a blank template. In order to use this spreadsheet you need to connect Bet Angel to the spreadsheet. By default the origin cell is set at A1. This means that Bet Angel will start populating data to the spreadsheet from spreadsheet cell A1. You can change this going forward but the basic template we supply has been constructed so that data will populate from cell A1. To connect data to the spreadsheet simply click the connect button on the Bet Angel Excel tab. You should see the Connect button grey out and the Disconnect button become active. If you wish to work on the spreadsheet at any time without it update, simply use the Disconnect option. Once connected Bet Angel will start populating your spreadsheet with data from the market you have selected from within the main Bet Angel software. You are now ready to start experimenting and using the Excel interface to Bet Angel. This interface is powerful not just because it lets you read and place bets through Excel but more because it can also trigger Bet Angel automated order functions as well.
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Using the Bet Angel spreadsheet

When you have connected your chosen market via Bet Angel to the spreadsheet you will see all the market data appear on that spreadsheet. You will see a display that is familiar to the display you would expect to see on Betfair accept that this display has been framed into cells on the spreadsheet. It is important to note that the spreadsheet is effectively split into three areas: -

Data fields
The multi coloured area are the data fields. These represent the area on the spreadsheet where data is transferred from Betfair via Bet Angel to your spreadsheet. The data fields contain information such as the selections in your chosen market the current odds, money available at those odds, your P&L, market name and amount matched.

Reporting fields
Reporting fields represent the area where Bet Angel reports what is actually happening in the market with bets that where triggered from your spreadsheet. Items such as the price your trade was matched at, the amount matched and the resultant reference number and time of execution.

Unmatched and matched bet data

Columns T through AE on the Bet Angel worksheet contain unmatched bet data. By monitoring the data in these cells extra bet management possibilities exist when using automation. Average odds, stake and the number of unmatched bets per market selection data are fed through to this section. Note due to the complexity of unmatched bet data, it is not possible to list each unmatched bet individually.

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Additional data
Columns AF through AL on the Bet Angel worksheet can be configured via the settings editor to display additional data relating to horse racing markets. Column A is hidden and contains Betfair system data such as the market ID and other information.

Instruction fields
The alternate green and white areas are the instruction fields. These represent the area where Bet Angel will look on each refresh to see what functions you want it to perform. It scans these fields and if you enter any instructions here it will pass an instruction to Betfair via Bet Angel.

Important cell references in the Bet Angel spreadsheet

Some important cells are not immediately obvious at first glance and should be highlighted as they contain important market information. These cells are: G1 = Displays In-play text when market is in-play H1 = Display Suspended text when the market is suspended. C3 = Last updated time C2 = Total money matched C4 = Number of runners C5 = Number of unmatched bets in market C6 = Betfair account balance F2 = Number of transactions made in past hour F3 = Published event start time F4= Countdown to event start

Placing basic bets or trades using the Bet Angel Spreadsheet

In order to clarify how to issue commands from Excel we will isolate a selection on the spread sheet and give you a step by step guide to how to initiate commands from the spreadsheet. It may be helpful for you it disconnect Bet Angel from the spreadsheet while you are editing or experimenting. This will stop you firing in positions automatically without realising it! Here you can see we are looking at a horse called Tiradito. It is currently trading at 3.65 to back and 3.75 to lay.

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At its most basic level you can fill in the rules manually to initiate a position. You simply enter the odds, the stake you require and what you would like to do: -

This isnt a particularly effective use of Excel though. Ideally you want to automate some or all of the commands and functions. Fortunately you are able to enter traditional spreadsheet commands via the Bet Angel spreadsheet that will replicate functions you would perform manually or use similar commands to make decisions on your behalf and trade away automatically. In the following example, rather than type the odds we have used an Excel command to pull in the odds data automatically. In this example we have typed = G9 in the Odds column and this achieves the same result at if we had typed in odds of 3.65 into the same cell. The advantage now is that if the price changes from 3.65 the Odds value in cell M9 changes automatically.

Placing triggered bets or trades using the Bet Angel Spreadsheet

Let us take our use of the spreadsheet forward a step and get Bet Angel to automatically seek a price target and fire a bet into the market when that price target is breached. Excel contains many logical commands that can be used to decide the contents of a cell. One of the simplest commands to use and understand is the IF command. You can see in the next example we have created an IF command.

If you enter this command into the spreadsheet in exactly the same manner you see here, then press enter something curious happens, nothing. Let me explain why. If we break this command down to plain English it is saying the following. If cell reference G9 is higher than 4 then display the word BACK. If it is not higher than 9 then display nothing. At the moment cell reference G9 equals the value 3.65 so it is displaying nothing; your cell will be empty. Click on the cell however and press F2 and your formula will reappear for you to edit. If you now connect Bet Angel to the spreadsheet, your spreadsheet will now sit their patiently waiting for the odds on Tiradito to go higher than 4, as soon as that happens the word BACK appears magically in the bet rules area and Bet Angel will fire an order into the market by placing a back order at 4 with a stake of 10.00 in your local currency.

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If you wish you could replace the word BACK with LAY it would lay instead of backing automatically. But you could also make the stake, the odds in fact you could make anything conditional on anything else. While there is no need, in the following example we have asked Bet Angel to vary the amount we will stake based upon the price it sees in the market.

In this example what we are saying is If the back odds (in cell G9) are higher or equal to 5.0 then change the stake value to 5, else the value should be 10 Hopefully by now you will be getting an understanding of just how powerful this tool is. But the fact is that all these functions are at the very simple end of what is fully possible with this Bet Angel function.

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Fully automatic trading using the Bet Angel Spreadsheet

If you want to elevate your spreadsheet to the next level then you should try putting multiple IF statements in your spreadsheet. But you should also consider better use of the data part of the spreadsheet. In the next example we are asking Bet Angel to automatically trade the market it is pointed at.

Let us describe what each cell is doing: Cell L9 If all the money on the back side (cells E10 to G10) is higher than all the money on the lay side (cells H10 to J10) then put a LAY order in the market, else do nothing Cell M9 The current lay price Cell N9 Initial IF statement - =IF(G9<=3,-------------------------------,"") If the current back price is less than or equal to 3 then perform the following calculation, else do nothing. Nested IF statement - =--------,IF(G9<2,100,IF(G9<3,50,"")),--) If the current back price is less than 2 then use a stake value of 100 else if the current back price is less than 3 then use a stake of 50.

Bet status cell

If this spreadsheet is active, when our criteria are met, a bet will be fired into the market. This will happen without our intervention and fully automatically. However the Status cell will change, in the event of a trigger, to PLACED. It is important to understa nd that when the status cell is empty an automatic trade will reach the market, if however, this cell contains any text; a bet will not be placed. The reason we have implemented this is to stop the software from placing multiple bets. If there was no stop trigger the software would rapidly place multiple positions in the market until your account ran out of money. Obviously this is not an idea solution! Therefore you need to re-arm the bet by clearing the Status cell next to your rule by deleting its contents. It is popular to create arm and re-arm buttons using excel macros. You can pre-record keystrokes and save then to a user defined button if you wish. To learn how to do this search on the internet for Excel creating macro button

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Bet Angel advanced order scripting

The last example we have used does leave us with a couple of problems. All this spreadsheet does is put an order in the market; it doesnt cut out if the position goes against us. You will have noticed in previous tools and functions that Bet Angel has many automated order features; you can also use these in Excel. Rather than just nominating a back or lay order you can specify Bet Angel specific automated order functions. The instructions given via the Excel interface will invoke the relevant routine in Bet Angel. So if you use BATCHES:x then this will work the same way as if selected within Bet Angel. The full list of available instructions is below: -

Simple rules
BACK LAY

Bet Angel rules

OFFSET:X FILL_KILL:TRUE FILL_KILL:FALSE KILL_DELAY:X BATCHES:X STOP: X STOP_PLACE: X TRAILING_STOP:TRUE TRAILING_STOP:FALSE WITH_GREENING:TRUE WITH_GREENING:FALSE CLOSE_TRADE This will close a position using net stake on selection at currently available price GREEN This will close a position by invoking the built-in greening routine within Bet Angel on the
selection. Any profit or loss on the selection will be evenly spread across all selections. CANCEL This will cancel individual unmatched bets with the Betfair bet reference detailed in cell Rx

CANCEL_ALL CANCEL_ALL_BACK CANCEL_ALL_LAY

Example instruction
When you script a rule you include characteristics that you would like the order to adopt. The following rule will place a lay order in the market; hold it in the market for 60 seconds to wait
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for it to be filled. If it is not filled it will be cancelled, if it is filled it will apply with greening to the offset order one tick above and apply a trailing stop against the order which will exit the position moves three ticks against us. =LAY OFFSET :1 FILL_KILL : TRUE KILL DELAY : 60 STOP :3 TRAILING_STOP : TRUE WITH_GREENING : TRUE

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Global Commands
Cell L6 allows us to use the bet persistence options offered by the Betfair exchange. In certain markets bets are allowed to remain on the exchange once the event is turned in -play. On the Betfair web interface we can choose whether to Take SP, Keep or to Cancel the unmatched bets once the event has been suspended and then turned in-play. We can do the same here using the Global Commands.

Here we have asked the exchange to accept the SP on all unmatched bets once the market has turned in play. We can also ask the following: [KEEP_ALL] Here we are asking the exchange to keep all unmatched bets available in the market once the event is in play. [CANCEL_ALL] Here we are asking the exchange to cancel all unmatched bets once the market turns in-play. Note not all events offer bet persistence options (Take SP, Keep Bet). Refer to Betfair for details of which events do or do not accept these options.

Another useful global command is the GREEN_ALL function. [GREEN_ALL] This will invoke the greening routine within Bet Angel and would be equivalent to using the greening column on the one click screen with the Green checkbox ticked. All open positions on any selection will be closed and any profit or loss will be evenly spread across all selections.

Status Cell
As with normal instruction cells the global command has a status cell (O6). This needs to be cleared before the global command will be processed. Be careful when clearing this as pressing delete will cause Bet Angel to fire the instruction again immediately if the global command cell has any instruction in there thus populating the status cell again with OK or whatever the status may be.

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Advanced Excel integration

Linking multiple spreadsheets
There is no obligation to only operate functions only from the Bet Angel section of the standard spreadsheet template. In fact you can operate and link multiple spreadsheets back to the Bet Angel data source in Excel. This gives you the benefit of viewing information in a way that you would like to see and that is unique. In this example we have linked the spreadsheet to a race and can see the selection Romany Princess is in cell B9 of the Bet Angel spreadsheet. Bet Angel has populated the spreadsheet with this data so what we are seeing is the output of data to the spreadsheet by Bet Angel. It is possible to dynamically link to this data from within the same workbook. Doing this allows us to change how the data is represented and how we instruct Bet Angel to act on that data. In the next screen shot we have set up a new spreadsheet in the same workbook by clicking on the Sheet2 tab at the bottom. By clicking somewhere on this new spreadsheet we can import data across to the new spreadsheet. In this case I have entered the formula ='Bet Angel'!B9 into the cell. By doing this Excel reads data from cell B9 on the Bet Angel spreadsheet. As we have already seen this is the name of the selection from that sheet, therefore the new spreadsheet displays the name. By copying and pasting this reference you can pull in the other data as well, whether it is the odds, the names, your P&L or any other detail on the main Bet Angel spreadsheet.

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Creating your own market interface

Once you have the data in the new spreadsheet you can move and manipulate the data at will by dragging and dropping cells. You can see here that we have copied across cell references that are reading information on the current available odds and also the current totals available at those odds. This has had the effect of turning the normal Betfair screen into a vertical display. This has been achieved by, not copying the content of the cells, but by making a relative reference to those cells. You can see in this example that the odds of 3.65 come from Bet Angel!G15. If the odds or the money available change on Bet Angel they will now automatically change on your new spreadsheet.

Formatting the display

Once you have the general look and feel you like you can apply formatting functions of Excel to make the display more pleasing. Right clicking on a blank area on the Excel main toolbar menu brings up the toolbar options list. From this list you can select and use the many formatting options in Excel. They allow you to change the appearance of text and also the colour, add pictures and other items. If you are unsure of where the formatting options are in Excel or how to use them, press F1 in Excel for help.

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Now we have formatted and changed the look of our data we can start adding some more complicated functions and interpretation of this core data. To do this we will use predominately Excel based commands and formulas.

Creating your own market indicators

I have decided I want to create a weight of money measure, to do this I need to add up all the money on the back and lay side of the book. In Excel you can use the command =SUM to add up these values. On the spreadsheet you add up all the values in those cells to produce the total of money on one side of the book or another. When we have completed that we can subtotal these values into another cell and calculate the weight of money percentage. Here you can see I enter a formula that divides the amount of the back side by the total of both back and lay side. Excel now represents these calculations as percentage figures for you to quickly asses the weight of money on either side of the book.

We have enhanced this further by using the conditional formatting option in Excel. This allows you to highlight, colour and emphasise text in Excel according to its underlying value. Here you can see that we have set it to turn red if it is greater than 50% or turn blue if the cell value is lower than or equal to 50%. There are many tricks in Excel that allow you to change the way text and information is displayed, ensuring you are familiar will all of them if you want to get the best experience from the Excel integration. You can also use Excel to flag market characteristics to you to help you interpret what is happening in a market. Using the hypothesis that weight of money will help push prices in one direction or another we have created an IF based formula to display text when it spots one characteristic or another. Rather than just relying on the colour blue or red on the weight of money percentage figures it will now display text telling us what it thinks. We have set the IF command so that if the back percentage is less than 50% it will display text alerting us that it thinks the price will get smaller. If not, it will display text alerting us to the opposing situation.

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Standard Excel tools are also able to be applied to your spreadsheet as well. You can see that we have used the graphing tool to plot a pie chart of the weight of money. This will update automatically as the market progresses. Pretty much anything is possible in Excel with some ingenuity and a grasp of Excel functionality.

We now have a spreadsheet that has pulled information from the main Bet Angel spreadsheet. It has displayed this information in a manner that we would like and it is also displaying supplementary information based upon our automatically translated interpretation of that data. The one problem with this spreadsheet though is that all it is doing is displaying information; you are not interacting with it or placing orders through it. The next step in learning to use Excel fully is to create functions that will allow you to activate a bet or process, to place a bet from your spreadsheet. Getting the most out of Excel automation It is possible to write completely automatic trading tools for Bet Angel using Microsoft Visual Basic for applications. This tool is included in Excel and can be used to elevate automation to another level with Bet Angel. However, VBA, is beyond the scope of this document and of our support team as it is a complex and detailed language. It is something that you will need to learn and write independently and seek specialist advice if you are interested in pursuing this level of sophistication. It is possible to write very complex spreadsheets even without the help of tools such as VBA though and a lot of Bet Angel was first created by implementing the concept on a spreadsheet before putting it into the actual product. Creating automatic trading functions can be achieved in a non-complex manner

Bet Angel Reference Guide

Click on the soccer-ball icon to open the predictor. It takes a few seconds for the price predictor to gather data and form its prediction. When that has taken place the price predictor is ready to use. The most important thing to do initially is to quickly look at the signal strength indicator in the top right.

This indicator is designed to give you an idea of how well the market is formed and how well the Soccer Mystic can model it. If the market is ideal for Soccer Mystic it will display five bars on the indicator. If the market is poorly formed it may not display any bars at all.

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Starting The Predictor

In this particular example the bar indicator is showing five bars and if you click on the match odds tab on the price predictor you can see the market is reasonable well correlated. The values on Betfair will always have an over round book, i.e. there is always margin for the layers on Betfair. Therefore it is highly unlikely that the two sets of figures will ever perfectly match. This is because the price predictor always prices at 100%, whereas the Betfair market is very unlikely to be priced at 100%.

The forecast time sliders

In its simplest form you can use just this area to do some predicting. On the same screen you will see the forecast time area. You can use the two sliders to wind forward the time to any point in the match. When you do this Soccer Mystic will automatically adjust the predicted prices to reflect the amount of time that has passed according to the forecast time indicator. You will see how time affects the pricing of the match odds, the over/under markets, the correct score and the total goals.

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Goal Area
If you have not used the goals area, then when you use the forecast time area you are merely predicting what will happen to the odds if the score remains 0-0. To simulate what would happen if a goal is scored, use the goal times area. If you want to simulate a goal that has been scored, simply enter the time of the goal in this area by typing in the boxes. If you right click in this area you can also use a slider to quickly set the goal time. If it is an away goal simply click the Away goal tick box. In this example we have a home goal at 38 minutes. If we move the forecast time slider it will now reflect a score of 0-0 to 38 minutes and 1-0 from 38 minutes onwards. You will immediately see the affect that a goal has on the odds and how the odds move over time before and after the goal. A better way to view this is not through numbers bet visually.

Probability forecast charts

Clicking on either the Match odds probability or the Over / Under probability tabs will reveal a visual representation of how the match will progress.

The graph can be re-sized and can also be displayed in an eye pleasing 3D format, or a more precise 2D format. You can also display the odds in probability terms, i.e. the percentage chance of something occurring, or in decimal odds. The reason soccer mystic displays odds in percentage terms is because this makes it much easier to read and interpret. This also allows

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you to see how the odds move in proportion to each other. If you un-tick the display probability chart option the chart will display in deci mal odds and allow you to limit the decimal odds to a reasonable number so as not to distort the display. To practice we suggest switching the 3D off and remaining on the probability charts until you get familiar with using the charting capability.

Soccer Mystic profit line

You can set visible data lines on the chart very easily. The default is for all the data lines to be switched on but most people tend to looking at the match from one particular perspective, a win for the home team, a win for the away team or a draw. Therefore it makes sense to switch off unwanted lines. Let us assume that in this match we want to assess how the price of the draw moves as the match progresses. In this example we have switched off the data lines for the home and away win and just left the draw plot on the chart. We have also switched off the 3D display. If you move your mouse over the chart you will see that a set of cross hairs appears and this allows you to pin point how the odds move, how much and over what time. As the match starts the draw gets more certain and therefore the price of the draw has come in to around 2.66. At that point the goal is scored and the price on the draw jumps out as expected. If we use the cross hairs we can point and click at any two areas and the bottom of the chart populates with the price and time data at the first click, then the price and time at the second click and also the difference, the potential profit, between the two. You can see from this example that the price jumped out quite a bit when the goal was scored. As the match progressed and there were no more goals and the price continued to drift right out. Of course, by then, you would have made your money and be long gone from the market!

It is highly unlikely that you would have been active and in the market just before a goal, in fact you are more likely to have taken a position before the match started. If we were laying the draw and looking for a goal to be scored, that is a much more likely scenario.

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The Soccer Mystic profit line allows you to see at a glance just how a scenario like this could play out. When you switch on the profit line, Soccer Mystic draws a line across the entire chart to illustrate to you periods when a backing or laying strategy would make sense. In this example you can see that for the vast majority of the match the draw is trading at a price much higher than it started at. Therefore you should lay the draw as you get plenty of time to profit from this scenario. When you use the profit line a useful reminder appears in the bottom left of the charting area indicating which scenario is the best to adopt given your scenario. You can use the profit line on the Over / under area charting area also and just playing around with different scenario using the charting is a good way of getting an idea of which strategy you should adopt in a match.

In this chart of the over / under market you can see that we are in profit for the whole of this match whatever happens and despite the fact that there have been two goals scored! If you wish you can change the target number of goals required on the chart and Soccer Mystic will instantly recalculate the chart for you so you can dynamically decide what the best strategy will be.

Bet Angel Reference Guide

Click on the tennis ball button to start the tennis trader interface. You will see the following screen:

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Application Buttons
You will see the following buttons across the of the Tennis Trader interface. From left to right: Bring Bet Angel to front. Start Bet Angel Guardian and/or bring to front. Start Trade calculator for player A Start Trade calculator for player B Reset Tennis Trader. This will reset the scores to zero. Calibrate TennisTrader. See later in this guide. top

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Setting Up for a Tennis Match.

Go to Bet Angel and select a tennis Match odds market. Check that you have the correct Match Type. If you do not know the match type refer to the tournament rules.

Enter the current score

If the game is already underway then you will need to enter the score. If the game has not started, ensure the score is set to zero or click on Reset

Here you can see that I have entered the current score above. Hewitt is trailing by 2 games to 3 in the first set but the games have gone with serve. Hewitt is next to serve so I click on the server column against his name.

Calibrate the system

Click on the Calibrate button. This will allow Bet Angel to study the market and choose the best algorithm to use to approximate future prices for your game modelling. Do this just before the start of a match or during a break in play. Make su re you dont calibrate the software during periods of play or when the server is about to offer up a second serve. Only use the calibration tool before the start of a match, during a break of play or before the first serve in a point has been struck. You may also wish to calibrate the software again during a match as market conditions change. A change in market conditions may be something such as an injury occurring, or where the odds are slightly out of sync with the software or where a fundamental change has taken place. Calibration works better when you are not at very short odds on either player.

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Updating the current score

Clicking on the + next to a players name will register a won point for that player. From here we can model certain scenarios. If a point is argued or over-ruled then you can click on the undo button to step back a point.

When you call up Tennis Trader you will need to set the current score. In this illustration you can see Ive just linked to a game.

This match was halted overnight so I need to set the current score. I do this by typing directly into the score fields or by using the up and down arrows . I can also set the current server by clicking against the correct player in the Server column.

When the game commences I can update the score by clicking on the + button next to the relevant player.

This will add one point onto the score and automatically update the games and sets scores as the game progresses. If at any time I leave the game and miss a few points I can enter the correct score as above by typing the correct values into the relevant fields.

Please note: The scores will not Auto-update. There is no service available that would keep the score up to date fast enough to provide a reliable model.

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Built in Predictor Scenarios

Underneath the Current Score area you will see some built in predictor functions. Here, Tennis-Trader will tell you the likely Match Odds prices for the following for EACH player: win the next point win the next two points win the current game win the current set

At the bottom you will see Custom Score 1 and Custom Score 2. These will allow you to set your own scenarios by adjusting the number of sets, games and points won and seeing what it will do to the predicted odds.

How to use predictions

The key benefit of TennisTrader is to effectively see the future and to understand how this affects your trading position. This will allow you to carefully manage your risk in the market and help you find new trading opportunities. For example, we can see in the following game that Hewitt is currently leading by a set to and is leading the 2nd set by 3 games to love. Chardy is serving for the current game in play.

But what will happen if Chardy turns this set around and goes on to win it? We can see this in the Wins Set predictor section for that player.

So we now know, BEFORE IT HAPPENS, what the likely match odds prices will be should Chardy win the current set.

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This enables us to see what risk will be involved in opening up a position. For example, you could place a lay bet on Chardy at the current price knowing that if he goes against play and wins the set your risk is still manageable.

Arranging Scenarios
If you wish to keep your favourite scenarios close to the top of the screen you can place a tick in the check box as in the illustration above. This will move that scenario to the top of the screen underneath the Current Score. You can see in the illustration below I have selected to use a custom score scenario and the Andy Murray Wins Game scenario by placing a tick in the relevant boxes. This enables me to easily keep an eye on what will happen if the game goes to Andy. The custom box enables me to quickly enter a what-if score and see what the likely odds will be if that circumstance arises.

Bet Angel Reference Guide

Sort by price options Graph Scale By tick or win%

The current back price (blue)

Row Size

The current lay price (pink) Mouse click behaviour The last traded price (yellow) Price options for bet placement

This line shows the traded range of the runner.

Runner names

Jockey Silks

Bet Placement Line. Clicking on this line will place a bet.

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Configuration Options
There are a few different options available to you that will affect how the interface displays the information and how you place bets into the market.

Figure 1

Figure 1 above shows the selectable graph options. Here you can choose whether or not you would like to display the current back or lay price, the last traded price and the traded range. Click each button to toggle between on and off. The traded range shows graphically the range of prices that this selection has actually had bets placed upon it. Just to the right of this is the scale option. You can choose to display the scale from 1.01 to 1000 (Tick Scale) or the implied probability (Win % Scale) where odds of 2.0 (50% implied probability of winning) are plotted at the midpoint of the scale. This scale is therefore weighted towards the display of shorter priced runners. The tick scale price increments are evenly distributed across the width of the chart. The midpoint of the Tick Scale is the price 4.5. You can choose to display the runners in a variety of options from Betfair order (No sorting) to price order by back, lay or last traded price in ascending or descending order. The row spacing can be customised depending on your layout preferences. If you wish to display many runners in a small area you can compress the row height down to 22 pixels; if you wish to spread out the runners, to provide a larger clickable betting area for each, you can increase the row height to a maximum of 50 pixels. If you plan to align the In-play Trader alongside the One-click screen, use a row height of 36 pixels to match the One-click's row spacing The next option along is the label. You can choose to display the last traded price or the implied probability (Win % label) of each runner. For example, if the current price is 7.6 it will be shown like this: Or you can choose to show the implied probability of winning (1 divided by 7.6)

Bet Placement Options

You can click anywhere on the dotted line to place a bet unless you have the bet placement option set to No bet placement. In this case, clicking the mouse button will have no effect. Or you can set to Back only or Lay only or Left -click Back, Right-click Lay

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When selecting these options the mouse button will place either a back or lay bet into the market depending upon the configuration chosen. The price selected can also be configured to suit your strategy. The options available are in Figure 2. For example, you may wish to request a price that is outside of the current prices available. You can either choose Price based on mouse position or Custom ticks
Figure 2

Placing a bet based on the mouse position means you can click anywhere on the dotted line and this will equate to a price. You will see the price currently at your mouse position at the bottom of the window:

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In the market selection tab you will see a market list familiar to the one found within Betfair or Bet Angel. From here, click on the sport type you are interesting in until you see the market you would like Guardian to monitor. Highlight the market by and click on the Add button. You can continue to add markets using this method and Guardian will begin to monitor from the moment the market is loaded. In the Market Quick Picks tab selecting additional horse racing o r greyhound markets is even easier. Using this tab enables you to load the entire days card into Guardian for UK, Irish, Australian and US horse racing. You can choose whether to load the win markets, place markets or both types. You can also choose to select the days greyhound races by checking the tick boxes. Once selected, click Add and the chosen markets will automatically load into the main Guardian screen. The markets will now begin to cycle through at the rate selected in the Refresh interval selected at the top of the screen.

Note that Guardian will store chart data based upon this interval. For example, if you have 20 markets within Guardian and the refresh rate is set to 1 second, Guardian will gather data from a single market once every 20 seconds. Once the market is the focus of the main application the charts will gather data in the settings specified from within Bet Angel.

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Market Search
To find a market and add it quickly to Guardian you can use the search facility. This can save time when looking for a particular market in a long list; for example, Saturday afternoon football markets. In this example to the right, the search term AFC Wimbledon has delivered all markets that mention the term. If you use a generic search word such as Tennis this will deliver al l the Betfair markets under Tennis

Soccer Search
Guardian will allow you to search for football (soccer) matches quickly. You can also elect to search for game supported by the Soccer Mystic predictor tool. In this example, the search for England and only show the matches supported by the predictor.

Quickly adding similar soccer market types

If you right click your mouse button whilst in the soccer fixtures market selection screen then quickly adding the same market type is possible. For example, search all games for a particular league. Then right click and you can quickly select all Match odds markets and add these to Guardian.

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Main Window
This contains details of the markets selected in the top window with details such as log, current market prices, matched and unmatched bets.

Currently selected markets

The football symbols shows this market is compatible with the soccer predictor Market details window.

Market details options

In the main Guardian window you can see all open markets and bets in the markets you have selected and how many open positions are matched or unmatched. You will also see the current market status such as in-play or suspended along with the last time it was suspended as well as the last time that Guardian visited the market and due event start time.

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If you click on a market in the main list above, the lower part of screen allows you to view and switch between matched and unmatched bets that are present in that market and also a market specific log, you can also view all available odds in that market. The market specific log will tell you when Guardian detected market specific activity such as a suspension or when bets were placed in this market. The time between suspension and detection may vary slightly because of the way that Guardian cycles the markets.

Re-Arranging Guardian Layout

One of the useful features of Guardian is the ability to change the layout to one that suits us. The windows within Guardian are un-dockable and can be moved. For example, double click on the market selection box and you can move it from one side to the other. Clicking on the drawing pin in the top right corner of the market details section will make this window auto-hide. This can be useful in freeing up valuable screen space. In the top menu area you can also choose whether or not you wish to show or hide the market selection side bar. Once you have found a screen layout that suits you save the layout by clicking on the settings tab. From here you can restore a previously saved layout also.

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Functionality of Guardian
Any order placed via the normal Betfair interface will show in any market being monitored by Guardian as will any order placed anywhere in Bet Angel. Any order placed using order management features which are set via the global settings, such as stop losses, trailing stops and timed fill or kill etc., will also be managed and executed by Guardian. Guardian is designed to work predominantly with unmatched bets or positions which have been opened or created by the user in Bet Angel or via automated Bet Angel functions but it will monitor all other open positions. If you fire a bet with Offsetting, timed fill or kill and stop losses, or any variant thereof, from any tab and have the market present in Guardian, Guardian will manage these open positions across all these markets even if you are not currently trading or viewing the market in the main Bet Angel interface. For example, if you visited each market fired in a reversed book order on several selections, offset with a 120 second timed fill or kill order with stop losses across 15 markets then Guardian will manage each of these orders in each market as though you were active on each market. It is important to note though, that if you set functions such as automation, bookmaking, dutching or other similar functions it will not cycle and apply these capabilities through Guardian. To clarify, this means that if you make a book, dutch or fire bets via Bet Angel to Betfair it will manage the subsequent bets that were fired into the market from each tab but if you specifically set up the bookmaking function or automation to fire to pre-set criteria and add it to Guardian then switch to another market; Guardian will not scan or monitor each market according to the settings you have in that specific module, it will only scan the current market that those settings apply to. In summary, only orders that have global settings applied to them are managed automatically in the background by Guardian. No other features are managed automatically unless you are actively pointing the main Bet Angel interface at that market.

Scanning / Cycling
In order to operate, Bet Angel Guardian cycles through each market in the Guardian list at a pre-set interval defined by the user. Only upon reaching a market will Guardian perform any particular automated function in that market. Bet Angel scans each market in turn because it is the software on your computer that is monitoring the markets rather than a remote server. With cycling in any form, whether server or client based, it is possible that a suspension or other market activity could occur during the time that Guardian is waiting to return to that market. Therefore you could find that a function is not complete before a market activity is completed or recognised. This obviously does not apply to open positions that are entered in the market waiting to be filled as these are held on the Betfair server. This only applies to stop losses, timed fill or kill orders etc., which are managed by Bet Angel. The refresh cycle period can be user defined to minimise these issues. Typically the only time you would notice this would be during a very short market suspension. Most market suspensions are fairly long and

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therefore wouldnt be missed by a Guardian cycle but obviously missing a much shorter suspension, if you are not cycling the market quickly enough, is possible.

System & Connection

Please note that because Guardian is a client based process. If your internet connection fails completely, rather than temporarily, or your system crashes Bet Angel Guardian will be unable to monitor any open positions. Note that in order to link the multiple markets held in Guardian to Excel you should use the Excel feature within Guardian and not the main Bet Angel application.

Removing Markets
When removing multiple markets from Guardian you can choose to Select all markets and then click on Remove selected markets or click on Remove suspended markets or choose a set of markets manually main Guardian screen. Bet Angel will present a pop-up message asking you to confirm this action. If you wish to disable this you can do so via a setting in the settings editor.

Bet Angel Reference Guide

You can see above the green P&L list for the 13:10 at Wincanton. Right at the top there is the greening button in this case 0.10. Click on this and Bet Angel will green up on this market even if you are viewing a different market in the main application.

Using Multiple Watch Lists

One of the useful ways to use the Watch List is to configure a watch list for different types of markets. For example, you could create a watch list to contain all soccer match odds markets and another watch list to contain all the over/under markets. Using Guardian to quickly load up and sync a watch list is a quick way of creating your own set of lists. And once you have multiple Watch Lists it is very easy to switch between different sports and markets at the click of your mouse button. An example set up is as below. Here I have one watch list with the horse racing for today and another one showing the match odds for the following days soccer games. Firstly, load up the days horse racing and sync the list. Once I have loaded up the horse racing into Watch List 1 I need to untick Sync with Guardians list of markets as I am about to change the listed markets.

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Now I want to load up all the Barclays Premier League match odds markets. Click on the soccer tab within the Guardian market selection tool. Search for matches containing Barclays. This will show games sorted by date. By right clicking on the dates I can quickly select all match odds markets.

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Spreadsheet handling
Guardian offers advanced spreadsheet handling features if you load multiple markets. If you load an entire days racing for example, you can choose to link all the markets to individual spreadsheets. You can bind or link each spreadsheet within your wor kbook to each individual market as described a couple of pages ago.

Clear Bindings
You may wish to reset the sheet. You can do this in one go by clicking on Clear bindings.

Auto-Bind Spreadsheets
But what if you want to quickly add all the markets to your spread-sheet? Just click on Auto bind Bet Angel sheets and this will automatically bind each unallocated sheet (whose name starts with Bet Angel)

Auto-clear Bindings
The Excel sheet column in Guardian will remain linked to the market chosen even after a market is settled and no longer available. If you wish to clear this binding once a market is settled than you can choose to do this by selecting this setting. This will then free up your spreadsheet for use with another market.

Advanced Settings

Guardian will normally cycle through all markets loaded into it at the refresh rate set. For example, if you have 20 markets loaded and the Guardian refresh rate is 1 second, it will take 20 seconds to cycle through all markets and update the data. If you wish to only monitor markets that are close to the off then you can choose to do so here. Click on Restrict refresh and Guardian will then only monitor the markets whose start times are within the window specified. The default setting is for Guardian to only refresh the

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markets that are within 20 minutes of starting until 15 minutes after. These times are taken from the advertised start time on Betfair. If a meeting is delayed then you will need to adjust the start times accordingly within Guardian. When used in conjunction with the Auto-bind facility mentioned previously, Guardian will only bind a market to your Excel spreadsheet when it has a start time within Restricted refresh time window.

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Guardian Advanced Automation Concept

Many people want to automate their betting or trading strategy. Bet Angel has a powerful automation feature linked to Guardian that will allow you to implement many different Rules and add trigger conditions to bet automatically even if you are away from the computer. For example, you may want to back every favourite throughout the day as long as the price is below x. Or you may wish to LAY the 3rd favourite as long as the price is above y. Or you may wish to back all with a two tick offset 30 seconds before the off and then green up at 10 seconds. All the above and more are possible with the automation facility within Guardian.

Example rules file

Usage
To create a rule, open Guardian and select the Automation tab. Highlight a market within Guardian and click Create a new rules file for selected market Here we can create a rule by selecting from a menu of basic instructions. Select a rule type from the following: Place a Back Bet Place a Lay Bet Close trade on selection Cancel all unmatched bets on selection Cancel all unmatched bets in the market Green all selections Keep all unmatched bets (when turned in play) Take SP all unmatched bets (when turned in play) Export profit and loss (This will export the P&L time to an Excel spreadsheet) Play sound alert Fix the Order of the Market Selections (this can be used when the order is likely to change for example when betting on the favourite)

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Below this you can specify a time window to fire your bet. So if you want to place a bet 30 seconds before the off you can. If you want to green up 10 seconds before the off then you can also do this. We can then apply parameters such as stake level, offset ticks, stop losses, fill or kill. We can also ask for a better price than is currently available by asking Bet Angel to place the bets at the best price or a number of ticks above or below the best price. Note that when using offset betting you need to set the number of batches. Set to 1 for normal behaviour.

We can also apply conditions in which we wish to trigger the action. Such as only place the bet if the market is NOT in-play or if WOM is greater than x% and so on.

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Not only this, you can combine rules and apply several different instructions to each market. For example, you could place a back bet at 3 minutes before the off. AND a lay bet 2 minutes before. Cancel all unmatched bets at 30 seconds before. Green up 15 seconds before the off. And many more combinations.

You can be specific in terms of what you would like to bet. You can choose to apply the automated bets to the favourite, 2nd favourite or any runner all the way to the outsider if you wish. Or you can specify a particular name in the market. Or choose the position by Betfair order (although be aware that Betfair can change the order throughout the day). You can also apply a single rule to a specific market or a different rule to each market or create a single rule and apply to all the markets. Once you have created the rule, you can apply to a single market by clicking the appropriate cell in Guardian.

Import and Export Rules File

Once you have created a rules file, you can share this with others by exporting the file. Just click on Export Rules File. If you have received a rules file you can import by clicking on Import a rules file and this will be added to the list of files you can choose from.

Profit Reports
If you choose to use the Export profit and loss option, then this data will be saved to a file you can review later. This is useful for seeing how profitable your automated strategy has been. You can check by race type, distance and so on. Click on Explore profit reports folder to view any saved files. A new file is created each day.

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Market Overview
Concept
Betting exchanges make lots of information available that could be useful when deciding how to trade a particular market. Bet Angel Professional can now display a wide range of information from last traded price to volume percentages.
Sort by column heading order. For example, click to sort by price Arrange columns by drag and drop

Change chart colour by selection

Time remaining to start of event

Chart area with zoom controls

Risk meter with event information

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Customising
The column headings can be re-arranged in any order by using drag and drop. By clicking on the Columns menu item you can add or remove columns to show or hide the information you require.

The chart window and the information window can be undocked and re-arranged. For example, the meter can be detached and floated above your trade window by moving across and clicking on the drawing pin icon Double click on the window to detach and move. See illustration below.

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Once you have arrived at a screen layout you wish to keep, click on the File menu item to save the layout. This can be restored by choosing Restore Screen Layout

Column Headings
Hovering over each column heading will bring up a tool tip with a brief explanation of what each column means. Column definitions: Name Back Lay L.T.P. I.P.% High* Low* Range % Name of market selection Currently available back price Currently available lay price Last Traded Price. The last price matched on the exchange. Implied Probability (1/L.T.P.). Highest traded price. Low traded price. Where the current price sits in the range between high and low prices. For example if the range is 3.0 3.6 and the current price is 3.6 the range will read 100%. Or 0% if current price is 3.0. Actual amount of money matched. Per cent of total market volume traded on that particular selection. Projected Betfair Starting Price. Actual Starting Price (populates once event is underway).

Volume Volume % Proj. SP Actual SP

*A volume filter has been applied to High and Low traded price to remove low volume price spikes.

The selections can be added or removed from the chart area by checking or un-checking the chart tick box. The colours can also be altered to your own choices by clicking on the drop down arrow.

Overview Chart
The chart contains a long view of the market based upon last traded price. The chart can auto zoom to frame the selected prices or can be manually zoomed by using the slide controls on either side of the chart area. Use the mouse to adjust the sliders and familiarise yourself with the use of the charting area.

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You can highlight each selected runner by hovering the mouse over the chart line. The price shown next to the horse name will be the historical price traded at that time and is not the current price.

Risk Meter
The meter has been developed after analysing data for thousands of races over several years. Bet Angel can now detect if a market is behaving normally or is behaving in a manner that is not consistent with the usual make up of that market. It does this by using complex calculations and our own algorithms developed over that time. If the meter is reading around 50% then the market is behaving as expected. A lower reading would indicate lower volatility than expected and a higher reading would indicate higher than expected volatility in the market. Therefore a high volatility value would indicate greater uncertainty and higher risk. You can choose to use this to your advantage. A higher volatility may mean higher profits may be available from the market but at greater risk. A lower risk reading may mean smaller profits are available but may be available many times over. Be aware that the meter does not take into account loose horses, sudden withdrawals or other market anomalies which could affect the reading. The Risk Meter is not available for all markets and will only work for UK Horse Racing Win markets on Betfair.

Bet Angel Reference Guide

Other Settings
The top menu bar has additional settings for using Bet Angel. For example, you can hide or show your balance or user name, disable the sound alerts.

The features menu item allows you to disable unused items. For example, if you do not use the dutching feature, you can disable this and save some system resources.

Bet Angel Reference Guide

Bet Angel - Responsiveness indicator

Recover communications function If your screen freezes and there is no apparent communication with Betfair then click on this option and it drop all current communication and will attempt to reconnect to Betfair. This is more helpful if you have an unstable Internet communication rather than if Betfair is not responding but it is usually worth trying. Using this function will terminate processes underway within Bet Angel. Therefore after this and when a connection is re-establish you should double check all your open positions.

Bet Angel Recover communication function (The big red R)

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Ways to test and improve your responsiveness

Close down all additional applications including task bar and background tasks Remove task bar and background tasks and check that you do not have any software open that may access or attempt to access the internet such as an email client or remote access tool. Background tasks are very common in Windows and several background tasks can cause poor performance even though you cant actually see any applications running. Change connection mode Read the connection mode document and try different connection modes to see if that improves performance. You should also try using a combination of the connection mode tuner and your refresh rate to improve performance. Reboot or excluded your router, especially if it is wireless We have often experienced poor performance from routers, especially wireless routers. Therefore we recommend periodically rebooting your router to eliminate overheating or clashes with your router. To check if there is a problem with your wireless router, try a direct, rather than wireless connection. Link your computer directly to the router via an Ethernet cable rather than via the wireless link. You may also want to explore DLAN technology that allows you to pass broadband over mains electricity. In Windows XP/Vista/7 create a new user Go to control panel on your computer system and select users accounts. Create a new account and name it appropriately. Log off or shut down your computer and log in under this new account. Logging into your PC after you have created a new user will often remove some background issues that you cant clearly identify. If this also fails to improve performance and Betfair is not experiencing any general issues then it is likely to be an Internet / service provider issue. Try running Bet Angel on a different computer By running Bet Angel on a different computer you can test the software in isolation. If Bet Angel runs well on one computer but not another on the same connection then it is likely that there is a problem on your original computer. Try running Bet Angel at a different location By running Bet Angel at a different location you can test the connection in isolation. If Bet Angel runs well at one location but not another then it is highly likely that there is a problem on the connection to the Internet from your original location. You may also be able to isolate your issues to the Internet provider you are using or an environment issue.

Bet Angel Reference Guide

2012 Optic Limited

Page 187 of 189

Awareness
We run and measure performance at our offices on most days and because we actively test and trade the markets we often see major issues first hand. Every user, however, has slightly different routes to Betfair and a variety of system configurations and these can affect your system performance. Internet traffic can be subject to traffic shaping or other issues whether they are local or related to third parties. If you experience performance issues and we have not highlighted any specific action or known issues then it is likely that there is a change in your operating system, internet provision or connection to Betfair that has changed and affected performance. Often these changes are subtle and may be related to something that has changed without you noticing, such as a background update. We have noticed graphics drivers, routers and system settings can interfere with the performance of the software and / or connections to Betfair. If we receive persistent reports of specific issues we always check our software and make recommendations to users if necessary. If we see a more general deterioration in performance that is related to a third party issue we will also publicise this and recommend action. Unfortunately, of a lot of PC issues are very difficult to diagnose and we cant help resolve very specific issues. We can only help resolve or suggest generally resolutions. We always test the software and make general recommendations based on reports from our users. If you see no recommendations then it is likely that you are seeing a local issue. There are many possible reasons why your connection to Betfair is experiencing poor performance. Some will be clear but unfortunately, due to the vagaries of your specific computer system, the internet and of the host server at Betfair it is impossible to always tie down why performance has deteriorated. While we can make general recommendations it is very difficult, if not impossible, for us to carry out very specific forensic investigations. It is also very difficult for us to make any sensible specific recommendations especially where that involves providing support for products which we are not familiar with. Therefore we will always make general recommendations if we see general issues but individual performance will always remain the domain and responsibility of the individual user.

Bet Angel Reference Guide

2012 Optic Limited

Page 188 of 189

Future developments of Bet Angel

The team here at Bet Angel are committed to continuing to develop our product to address the needs of our customers and this ever changing, competitive, market. Since Bet Angel was first created we have continued to push forward with new developments and features which benefit our customers and break new ground in the market. Our development team is unique in the fact that we use our products continuously on the market in our efforts to improve performance and deliver new features and ideas. We have a very strong background in financial and betting markets and we have plenty of ideas and opportunities to develop the product but the implementation of these ideas will always be guided by our customers. If there is a feature you would like to see in Bet Angel please send your request to Bet Angel support who will put it forward to the development team. Any commons requests will push the feature up the development roster. We look forward to you joining us on this journey onwards and upwards and we wish you the best of fortune in exciting markets!

Bet Angel Reference Guide

2012 Optic Limited

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