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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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

"field day on the cricket" - lol

"field day on the cricket" - lol

Don't get caught out!

Its ok guys - ive got it COVERed but i accept your POINT to make sure i dont SLIP up

No silliness from me too!

Excellent profits from both the cricket and Man derby today. Lets hope it continues with the rugby.

I've had a right mauling in the rugby this afternoon. I backed France before the start of the game and spent the latter part of the first half trying to recover my losses as England looked too strong to give it away. In the end managed a 1.50 profit on France but it was hard work.

Good profits from the Rugby, Only wish England were not playing so badly at the moment.

Be grafteful cunningham

i got caught having backed england and lost all my cricket profits

Fundamentalist - sorry to hear that.

Differing fortunes from each of us by the look of it. I rode England in the first half and greened up before nipping in for some more in that hectic finish. If wrong would have lost my profit but that was all. Rugby is not my forte so I played a cautious game. Pretty wild fluctuations in the last couple of minutes.

How ones fortune can change

just backed west ham (1-o down) at 14.5. 2 mins later they are awarded a penalty 1-1 and the defender is sent off

Fundy, excellent stuff! I made a few quid but nothing special.

There was a cracking value bet opportunity on Sheff Utd this afternoon - admirers of their disciplinary record would have spotted it a mile off!

Pin - Do you mean the backing the draw @ 2:1 15/20 mins from the bell, odds fell like a stone! (as one would exept with a 1-1 score) for a 93% profit. One would have to wait around 18 years for that sort of profit from a building society!!

I think pin is referring to the bookings market.

Just got the last place on the course Scrip's, looking forward to meeting all who's going. What's the average profit per day that you look to make??

Blondie,

I think the answer to that question is simply: whatever is on offer. But it depends on how much you are prepared to risk. Risking 20 on a football match isn't going to make you as much as 200.

Money management is just as important on Betfair as it is on the markets. If you try to make a lot of money very quickly with a relatively small pot you are likely to fail.

I detect from your posts an element of over eagerness to make money quickly. This may lead you to overtrade which will also likely cause you to fail.

Keep the day job and get rich slowly is my advice. I've tried the other way and failed.

Enjoy the course and listen carefully to Scrip. Much of what he say's is said protect you as much as make you money.