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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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.

Blondie

if its any help so far today i have made 6.16 lol!!!!! As john says, it depends on what your pot is, though it is very feasible to make 8-10% per day imo

not had a good day on the horses, still Arsenal should be good tonight (though will get me in trouble with the missus)

Beat you today Steve, 17 profit. Looking forward to the Arsenal match. Any team news you may be aware of?

John

Toure should be back from suspension, Edu may be out having picked up an ankle knock in training

are you trading the snooker? the Stevens v White match has been very volatile - may look at tournament collapse later on

Havn't been doing but will take a look.

Horses were indifferent today, though nice to see the evenings getting lighter.

Re : Match tonight, I think the total goals market is wrong on Betfair. Pricing in too many goals. Some value in there but you would expect Arsenal to get a few.

On the match odds the price should slip to 1.07ish on an Arsenal goal in the first 45 minutes (can't be exact as I can only estimate the timing). Beware the early goal though as the price will move very slowly from there. Cross over point for the draw if no score is 63 mins. In other words at that point onward the draw becomes more likley than an Arsenal win. If no score by half time around 1.60ish HW and 3.23 for the draw, 14's for palace. Next goal market will be around 1.56 by HT if no score. Most likley time for a goal is around 30 mins. Arsenal leading 2-0 will see any value gone. About a one in 20 chance of a Palace 1-0 win.

I will be collecting data on the match so if anybody wants a copy after the match please email me.

(Liberal use of ish here as I am still testing, DYOR etc, You cat is at risk if it runs across the road, etc.)

Snooker - Back J. White @ 4.3 lay @ 1.14 to green up for an 260% profit:o) worth the nail biting!

chartist - well done for holding on - i layed stevens at 1.08 but greened up at 1.23 - if only id let it run ................

What a sad state for english football - Arsenal name a squad of 16 without an englishman in sight!!!!!!!