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.

Click here to learn more

"you begin to appreciate the element of the incalculable in events where humans are involved."

I'll show you how to make it calculable! Sort of. Well at least you will know about know the future even if you are not sure how it will arrive!!

-----

The FTSE today has been hilarious. The options expiry was great and the economic figures were great too. Will the auction go the same way?

Late starts of the horses are messing things up over there.

bakko,

Been in the position myself of chasing a loss and scaring myself to death with huge potential losses, albeit remote, if it went against me.

When buying and selling stocks I only began to make money when I learned to take a loss and feel satisfied at doing so. For some reason I am finding that much more difficult to do on Betfair. The mentality is different. Perhaps it is because it is more like real cash in the Betfair account.

Like a carpenter who hasn't hit his thumb with a hammer, you have not reached the top as a trader until you can walk away from a losing trade and accept it as part of the job.

Losses will always be a part of this game. I just have to learn to accept that and keep them as small as possible. The profit potential on Betfair is HUGE but only if you stick to your game plan.

I think the trouble is nobody actually does become disciplined till they lose a wedge. That appears to be the only way to achieve "nirvana".

Just gone green on Lyon and Preston footy matches.

Had a good day on the FTSE today - but just gave it all back on the football.

Arsenal match

A goal for Arsenal would see them jump to 1.10ish. Be careful with the draw a 1-0 Arsenal lead will see the draw odds double but if it stays 1-0 the draw will go in a retrograde pattern (I.e. chances of a draw improve and the price comes in).

Morning all

I would be careful lumping on arsenal until the team is announced - may be a bit different to normal with champions league on wednesday

no trading for me - off to haydock as a gambler (though have made a few quid trading the pricewise horses from v early this am)

Hi Everyone,

Thanks Scrip for match info.

Fundy, Enjoy Haydock and hope you do well!

Having seen the Arsenal teamsheet, a weakened team especially at the back so I'm very tempted to lay off initially and change tack later.

Hmm, Seems everybody is lumping on Arsenal anyhow. Thanks to the price move, I am all green even before the kick off!

I should add also (though it is obvious now the match is underway) that if the score is 0-0, the price on Arsenal will drift and that of Sheff Utd will come in. The crossover point for the price on Sheff Utd is around 50 mins. So if Sheff Utd hold Arsenal their price will continue to come in till that point and then drift out as the draw gets more ever more likely.

Interesting match so far especially with the Arsenal sending off!!

This game is looking better and better for me!

Layed off before kick off and looking to green up or even better during second half. Sheff U should at least be 1 up by now!!

Greened up so time for a late lunch.

Well done bakko.

It's been a good match, Full of incident. But it seems that the way to beat Arsenal is to kick the players off the park. Not sure if thats in the spirit of things.

Wasted a little bit of money towards the end but a good result on the match.

Got to the match with 7 mins left. Backed the draw at this point and greened up after the penalty. Pure luck but best payout to date.

Nicely done Cunningham.

Scrip, are you on the races today? I always find Saturdays difficult.

Thanks Harlosh

Just as well I greened up as the game got quite interesting towards the end. I hope those backing Arsenal greened up when they scored.

Yet again a goal is scored during the dying moments!! I noticed that with less than 5mins to end the odds on Arsenal to win were still quite generous at 1.10/1.11. Probably due to 10 men Ars. A lot of money still being matched at that point. Some burnt fingers around but hopefully none on this thread.

Cunningham, Well done too.

"Scrip, are you on the races today? I always find Saturdays difficult."

I tend not to do Saturdays. I am around this afternoon though testing some software. No real opinions on todays racing yet but maybe there is more "random" money over the weekend?