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

What a day's sport ahead today.
Racing from 12nn to 18.20 and a host of football matches.

Must give the wife a fiver ( ok a tenner) and tell her to go and get the xmas shopping.

Leaves me in peace to practice.

Scrip,

Are you planning another course? I hope you are. :-) Also, IMHO, somewhere like Northampton would be an excellent location. Good access for both London, Central, E and W Midlands and with loads of hotels in the area all with good facilities.

Scrip

i think the volume was a lot higher than it would normally be because it was the oaks from wimbledon and televised. Most races had several hundred thousand matched and there were a few short priced favourites as there normally is on tv meets

Docproc; London is the next planned venue. Shall I send a Northants to london train timetable;-)

Mike

Bullie

Any idea of dates.??

I am emailing Peter on this. Possibly 23rd Feb, but waiting for confirmation

Scrip - dont do it - dont spread the gospel any wider!!!!!

23rd Feb it is, in London. Details will be going up on the GLOMTC website over the next few days

I'm up for the London course

Well, what a day. Fast and furious stuff this. A race every 10 mins.

Results: 17 races
7 winners
6 draws
4 losers

First loser was my first ever attempt and I suffered the biggest loss. I got better after that.

On the day, fractionally under 10% profit. So a result.

John

well done mate - good luck with tonites footie

Thanks Steve,

Prob ring you tomorrow.
Couldn't resist the races at Wolverhampton. I know I shouldn't but they're good practice. Bagged another winner so improved my % gain.

Sorry Fundy couldn't stop laughing when Arsenal went 1-0 down in 30 secs. That's the quickest greening up ever I think. I'm not on the match itself just covering my Carling Cup winner position but couldn't believe my luck that I could cover after less than a minute!! Win, win now.

Well done Harlosh on the days work.

Scrip - i did think of you when the goal went in - ho hum it was only the mickey mouse cup. i managed to nick a few on the back of weight of money but found it hard backing manure then laying it back off

Uefa set to launch betting probe

http://news.bbc.co.uk/sport1/hi/football/europe/4062519.stm

I was watching the drama unfold on Betfair and such was the pattern of betting that it was obvious something was up. The match played out exactly as the odds dictated. The forums on Betfair were awash with people predicting the flow of the match and remarkably (though it shouldn't be) the match followed the pre set betting patterns. So obvious, that somebody is surely going to get found out for this. Incredible stuff.

For posterity I kept a copy of the betting patterns to document at some point in the future. Similar patterns are developing in the Lazio match tonight but not so distinct so I think this may be the madness of crowds after last night.

I considered punting some money on it but won't have anything to do with anything suspect so just watched it from a distance.

Prices all over the place at the moment on Lazio, Big arbs available if you dare but I think bookies may not payout.

Thanks for the info Peter

You can watch the Lazio match live on the internet. Works really well over broadband. Commentary in Italian though. Delay is around 15 seconds at my end.