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
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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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Anyone else having problems with Betfair? Changes from Today's Card to the Course I happen to be trading on at the time, showing all the races for that course only. Worst of all it keeps switching the refresher off also.

Well that was the record for a FTSE change in the auction. Nearly 40 points! If you disregard the value at 16.30 which was already at the destination.

All very odd, but Betfair have just settled at the low figure!

Missed it what happened?

Just checked my transaction log, What the hell happened there!!

My log says:-

4:29:45 - 5004.50 +4.50
4:29:30 - 5044.10 +44.10

Something odd happened in those 15 seconds. Any large stock movers?

I suppose if you have the time and inclination you could work out the value given the weightings on http://www.ftse.com and the prices...

Rumours are there will be a re-adjustment.

And there it is.

Blondie

the course is well worth going on - it will open your eyes to a new opportunity - it certainly did mine. Initially i dont think i would want to rely on it as a sole source of income - you will need time to develop what strategies work for you and possibly develop some additional ones.

Hi everybody

I'm new to all this but have booked for the course on the 23rd Feb. I'm getting myself a bit confused though. In post 1093 above bakko states

"I've just backed at 1.21 and layed off at 1.07"

Am I correct in thinking if plyer 1 wins there will be a profit of 14 (assuming 100 stake) and if plyer 1 looses there would be neither a profit nor a loss - or am I looking at it incorrectly?

Any help gratefully received.

Sorry can't even spell correctly now that should be "player" not the alternative spelling!

Stuartreece,

Welcome to the thread.

I'm not sure what you mean by player 1 but in the circumstances described by bakko he has basically won the difference between backing at 1.21 and laying at 1.07. 14 as you say assuming a 100 stake. By doing so he cannot lose though he may yet win nothing. Once he has 'greened up however, he would win, whatever the outcome of the match.

Hope that helps.

Thanks Halosh that does help.

Next problem - what exactly (or even roughly) does he do to "green up"

I woudn't want to steal Scrip's thunder by revealing all before the course Stuart. Suffice to say it's a simple process which basically distributes your potential profit (or loss) on one outcome across all possible outcomes. Very clever.

Much obliged.

I like the way you say "its a simple process" - I will reserve judgement until the 23rd.

stuartreece,

Welcome to the thread too.

Apologies for not being around to answer your post.

Harlosh is quite correct in explaining it. I'd already greened up meaning that I was on a win regardless of the final result. At that moment Fundy was kind enough to provide me with an update and based on the strength of that I decided to squeeze it more for a bigger profit.(Thanks once again, Fundy).

It definitely is a very simple process and all will be revealed on Scrip's course

Morning all,

For those of you on the golf AT+T Pebble Beach there's a good opportunity to lay off Mickleson at 1.48/1.51 now with a chance of backing or greening up later. The odds have drifted slightly even as I've been typing.

2 rounds have been completed with the poorer weather conditions forecasted for the weekend. Go to weather.com and enter Pebble Beach in relation to Golf for forecast.

Mickleson has scored well but can't see him replicating his record below par scores of initial rounds. For scoreboard go to www.pgatour.com/scoring/leaderboard/r

Please DYOR

Green on the Manchester derby - now on to the rugby.

Well done cunningham

having a field day on the cricket this am - its gonna have to be another 2 tv afternoon - cricket on 1 rugby on the other