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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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!!

Peter, if you want to get into predicting 1 day cricket games have a look at the Duckworth-Lewis algorythm - it is as accurate as I have seen.

Hope all is well.

Anyone know how i can get free credit if i sign up to betfair??

Any links??

Thanks for the advice Scrip, very helpful.

'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 this hits it bang on the nail.

Blondie, click here and key in 3L3QNUVKN as the promotion code. You'll get 20 after you have placed bets totalling 100 :-)

9VLQNEFHH but as someone has already used my number I am willing to concede to others.

Oops. sorry Kayak.

I see the FTSE finished at 5000.0. Is that up or down? :)

Evening all

Blondie - welcome and good luck

Definitive lack of action tonight - still im green on the o'sullivan snooker match (i know 2 flies up a wall and all that!!!)

Thanks, Mr Euro, I will have a look. I am a man on a mission at the moment when it comes to modelling.

Scrip

if you havent looked at duckworth lewis before - be prepared to be amazed at how much detail goes into deciding what a total should be in a rain affected cricket match

Found some good academic material on it. Will have a read up on it. It will have to go behind Tennis for the moment.