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.

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Correction looks like a 0-0 result. Well I never.

http://news.bbc.co.uk/sport1/hi/football/internationals/live_scores/default.stm

16:55 Ludlow, Evens fav drifted from 2.1 to 4's, Pulled up half way around. LOL!

I am thinking of missing the soccer matches this evening as there is little value out there. Worth laying a few at short odds for a shock result maybe. Will keep an eye on them.

Harlosh, Just had a nose at the Rep of Ireland vs Portugal game. Basically the market has resolved such that the odds indicate that Ireland have no advantage over Portugal. There is no goal supremacy between the two teams. The draw could be trading around 2.15-2.20 by half time if the match is still a draw.

Cant believe with 2 overs to go, England need 31 to win with a tail ender facing, yet SA are still 1.11 to win - i would have thought 1.03 would be right - not a trade but a comfortable gamble imo - im on heavily

Well that was the easiest 11% ill ever make

Looked pretty safe didn't it. Only seven runs short in the end though and a six off the last ball. I wonder if there are any good cricket stats sites around. Probably run rate is the best rough indicator of the concluesion of a match?

Backed ftse intra up 1/2 @ 3.1 - layed @ 1.01 ...

Chartist,

Well done, you seem to have done quite well with your bets. Unlike you, I've done a couple of "muppet" finance trades recently. I'd better stick to sports!

Well a good afternoon on the horses for me - first time for a while ive been able to focus on the races for a couple of hours solid. Involved in 13 races had 11 green ups and 2 break even - no losers. All in all a profit of 42% on my maximum stake

Well done Steve.

I seem to have lost my way with the horses recently. Can't seem to get it right consistently. Think I need to take a break. My concentration levels ain't what they used to be.

Hi everybody,

I have been looking at this thread for a while now since it was started and have been very impressed by you all for all the advice you have given. I am a complete beginner at this and have been only paper trading for about 2 years on the spreadbetting side (indexes,shares etc.)And had never thought about betting exchanges and betfair but listening to you lot i think i might have to book myself a course as it seems to be a sure way of making some cash!

Thanks again

Scrip's,

Could you pencil me in? 23/02

I thought the horses were good today as well.

Harlosh, Sometimes it happens like like. I was speaking to a psychologist on Monday and he said that when you make decision that goes against you there are physiological changes that raise the prospect that you will repeat the error again shortly afterwards. I think he called it a chemical imbalance in the brain that you have no control over. His advice was to get up walk away and do something totally different.

From personal experiance I figured just do something else for a bit and come back to it and with fresh eyes. Often things often look different then. So I was glad to hear the guesswork backed up by somebody that had studied it.

I often find there is a tendancy to over trade as well which leads you down the path of taking less than quality decisions. Its tough but sometimes if you can't see an opportunity you just shouldn't participate and if you see one but miss it, just let it go and don't chase it. That helps improve your strike rate quite a bit.

Bakko, I will mail something in the next week or so to all course attendees about the financial markets. May help quite a bit.

Blondie, You will need to give Global Markets a call as they are arranging all the details around the course. Best to phone as they may not have any places left - 0207 250 4785.

Scrips,

Where about's in London is it being held?

Ok will do thanks for your help

Central London, Near Bank station.

Thanks Scrip,

In the meantime if anyone wants to make some guaranteed finance wins then just go in the opposite direction! LOL!!