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

Scrip

if you need a beta tester you know where i am lol

"just feel that above 103% the market isnt settled/stable"

Having the tighest overround will help for sure. Also watching the market for a couple of minutes will help you see if the market is moving one way or another.

Chasing losses just never works IMHO. Take each one on the chin and try and learn from it or accept that you don't know why it happened.

I have mares where it just doesn't go right. Sometimes you may not make money at all on a day. But sure as the sun rises in the East each morning you will also have good times. Its just hard to accept when you have just had a bad run. It happens to everybody.

thanks scrip

any views re my post on stake sizes?

Hi guys,

Sorry I haven't been around. Went back to my caravan in The Lakes on thursday after casting my vote early doors. Wish I hadn't bothered. Crap weather. Should have gone this week judging by the forecast.

Fundy, sorry I missed your email about Haydock. One day our paths will cross.

Bakko, brilliant night last wednesday. A pleasure to meet you. Gonna try the tennis a bit more.

Digesting your post above Steve. Spot on what I've read so far.

I should add to the list, keep good records.

When you keep discipline and good records you tend to define the parameters of the system you are using.

If for example I am scalping and make three ticks each time and do that on 90% of the occaisions my loss target is automatically defined. Without good records I'd have no idea where to set my stop loss.

Hi Everyone,

Fundy, Excellent information and thanks for advice. Sorry to here you got hit. I can certainly empathise as I got hammered over the last few days with a couple of tennis results that didn't go my way.

This was despite speaking with Harlosh last week about ways to maximise profits and minimising losses. We even talked at length about discipline, greed, fear, etc, etc. Yet within days of this I get blown away!

My main problem is that I get too over confident having been on a terrific run lately. This has lead to complacency and a lack of regard to the potential big losses that I'm exposed to.

It seems that the word "Discipline" needs to be permanently tattooed to my hand!

Scrip

thanks for the comment, as an accountant by trade, my records are probably overly detailed lol. i download my trades each week into excel and run analysis on

John

hope you had a good weekend - didnt go to haydock in the end as been suffering with a chest infection and a heavy cold. Haydock is on on the following dates, can you make any of them; fri 20th may, sat 21st may, thur 2nd june, fri 3rd june (evening), sat 4th june. For a full list of fixtures check the attched link - currently any or all are ok by me.

http://www.haydock-park.co.uk/racing/fixtures.jsp

Bakko, fancy joining us at haydock?

Any preferred dates for meeting up for a beer with me as well this time?

I think without discipline we are just punters. We have pretentions of being traders, of being a cut above the mugs who feed us. But unless we master discipline we are no better than them. In fact, we become the mugs and the real traders feed off us.

Without discipline we are nothing.

Spot on John though there are far worse than us believe me - if you find time, go and read some of the threads on the betfair forum to see how some people operate

Just started on the horses, have a look at the price chart on the favourite in the 6.00 at Towcester

"been suffering with a chest infection and a heavy cold"

Ditto, I hate being ill. I have lots of talking to do over the next two days and I can't. Hoping to pull through though.

"look at the price chart on the favourite in the 6.00 at Towcester"

What happened there? In to 1.50, Must have been a bot going crazy or something but I can't see a rule 4 anywhere.

Ok - Whats a rule 4?

It's when a horse is withdrawn. All the odds on the rest of the horse in the race are adjusted accordingly.

BTW, I think I may have metioned it earlier on the thread. Some time ago I had a dream that the relegation battle would go to the last match of the season. In my dream I dreamt that in the Southampton Match, Man U took the lead in the 63rd minute with a Van Nistlerooy goal. My heart sank.

If VN is playing on Saturday I'm sticking a bet on it!

Rule 4 is when a horse is withdrawn from a race before the start - the rule 4 deduction relates to the deduction from winnings due to the withdrawal. The deduction only affects bets placed prior to the withdrawal as the market is suspended upon a withdrawal and then reformed

For example a horse which is trading at 5.0 will result in a 20% deduction (known as 20p in the pound) or a horse trading at 10.0 will result in a 10% deduction.

If you go to the rules page on a horse race before it starts you will see if any horses have been withdrawn and if so, at what time and what the reduction factor is

Cunningham

if youre about, have a look at the 8.00 at Towcester - on the rules page you will see several withdrawals listed and their relevant deduction facto

Thanks Guys,

Script can you dream tonight about the FA overturning the sending off for Crouch tomorrow and no more dreams about VN please.

Yeap I see them. Need to study them later to understand the numbers better, Have taken a snapshot for now.

I can only dream unfortunately. I think thats the nail in the coffin unfortunately. Never mind it will be nice to win a few games again rather than lose each week to a bunch of overpaid prima donnas!

Just think of the excitement I could have next year. Crewe, Cardiff, Plymouth, Millwall. Some quality teams in there, I can see end to end flowing football coming my way. The talent also, I can name at least............. err... no... top striker in the championship. I am looking forward to seeing him (whatever his name is) on display next season.