How would you like to trade a market where you get large regular price swings every 10 minutes in the afternoon, seven days a week. A
market where all prices are set purely by supply and demand, few transaction costs, no middle men and you only pay commission if you win? Where you can freely act as a market maker and where you have direct market access and where you can create a spread for others to take?

Betfair has revolutionised the betting market and created an open platform for exchanging risk on sports events. This market is now viewed much more like a traditional financial risk market than an old fashioned betting market. Smart users have realised that there are huge opportunities on Betfair because they can buy and sell risk in much the same way they would in a normal financial market but without the burden of cost or the restricted access that is usually associated with traditional financial markets.

Click here to learn more

I didn`t mean it to sound as though I was knocking it, far from it. I couldn`t trade without it.
I want to know how to use more of the functiions it has available.

Edward

one slight flaw in your plan when backing at 7-2 or 7-3, barney couldnt win at this point cos it although it first to 8 to win, they play a max of 14 legs so his best result was then 7-7. you were backing an impossible result so were giving a free 25 to someone

Thanks Steve,

Another too-good-to-be-true situation after all

how much is the course, and are they always in london or do they come to different parts of the country, eg Birmingham? if not are there any plans to do so?

Edward

they usually are ;-)

Evo

http://www.betangel.com/products/courses/index.htm

everything you need to know on this link, and not all courses are in london

Evolution

There are some interesting Bet Angel Free Training Videos

HERE

Went for the trial version today. looks great, but alas slightly down on the horses.

had some in-play fun on the spursvchelsea game(match odds). had that "magical" moment of a healthy green figure on all 3 outcomes. felt awfully like gambling though. I like the fact that that when you get your prices matched, the betfair balance is not tied up for the duration of the match. presume thats a betfair feature as opposed to betangel. waiting for the next available Scrips course now.

used to do "arbs" on sports, between spreadbetting, but the opportunities mostly dried up ..

I take it , going on the age of this thread.. that this isnt a fad. and as theres always gonna be gamblers, theres always going to be opportunities to make some cash.

jbarlowffc :- 'gamblers'? we are 'odd's traders'!

Had a 95% loss rate on monday, naggs/soccer, thought my 'luck' was about to end, (black monday)!

for me..so far horse racing sucks.. but in-play darts and football "odds trading" has been good.. seat of your pants stuff though.

I havent had much luck with the horses either. Initially as was going well based on the system Chartist had used then after feeling reasonably confident I decided to up the stakes (this was after a month or so). I upped the Back and Lay to 200 and hadnt taken into consideration the fact that my Lay may not always be taken by the market as this was never a problem with the smaller bets so the thought had never crossed my mind (naivity in my part!) so caught out on a few costly occasions. Oh well back to the drawing board.

Any other valuable suggestions gents (other than the obvious!!) lol

Cheers,

Ian

After a heartstopping 2 minutes waiting for the other side of my 500 stake to match.. .I won 3. Get me a pint I guess. previous race I traded 5 times at 2 .. decided I was on to a winner and went for 200. Well yes it went tits up...and i didnt have time to recover.


Im gonna do this..
Go on course,read book
Practice on a hundred or so events with 2 stakes.
Take a long hard look at the Profit/Loss and decide if this is my bag after all

jbarl,
Have a think about laying the draw at football ------ if a goal trade out --- will leave you to work out the possibility of 0-0 score and what to do ----- if any one asks me the question about what to do, I will not answer -- thats for you all to work out.

BP

sounds dangerously like the FCG system and you need to pick and choose your games quite carefully doing this

Can't see the advantage of laying the draw at all (or backing), one goal and you're stuffed, trading out at a loss or hoping for an equaliser. Certainly I was always told that backing or laying the draw is the worse possible bet as there is no way to trade out without risking even more money (not that I haven't done so when watching a particular game).

Incidentally, not that I am bovvered, but always thought the idea of a forum (thread in this case) was to share information, not work it out ourselves!!

Anyone trading the golf?

Laid Tiger a few days ago @2.58 not sure when to back & green up.

P

You may never get the opportunity Photo, if he has a reasonable first round you're stuffed!

He's already out to 2.8 so can do it anytime.

Unlikely to shorten much in my opinion now with only a few hours to go and he's not starting until early afternoon.

Not trading the golf atm. When unable to watch the screen I would have a trailing stop in place. In this case, I'm not sure about greening at such a high price either. If Woods has a good first round you should be able to green at a better price. At least you are in a no-loss situation until you green-up.

IMHO the only advantage of greening at this sort of price so early in the contest would be to provide funds for laying off other competitors and retaining a no-loss p&l. This is not so applicable in golf as it is in e.g. football because the other players are at such long odds.

Looking at Woods' price chart, the curve is getting fairly flat now so covering at 2.82 looks like a wise move.

This is how I would trade it. No doubt others would do differently.

Thanks for your thoughts compoundup, I am definitely going to green-up b4 he starts his round as I think he is likely to win with the from he's in.

Also backed M Campbell @ 610 C Pettersson @720 & S Micheel @ 720.

Tiger seems very, very short for the Masters. He is priced pretty much at certainty and in golf nothing is certain. I'd start with a lay for sure.