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
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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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Awesome BetAngel: Laid the draw 4th test at 3.35 before play this morning with a 30 tick offset and 5 point trailing stop before going out for back-to-school shopping.

Saw that Australia had followed-on in a tv shop window in Cheltenham, which gave the chore some light relief.

Arrived home to find my stop had been pulled up to 4.7 and closed manually at 4.9 for a huge number of ticks. Now green and enjoying the match :-)

Really pleased to see it being used to its potential. Also really pleased to see England nudging closer to the ashes. I have a couple of positions running this afternoon while I creosote the fence.

Scrip - What with the automation and now the force open/reverse giving order book dma type function for working the order book as demonstrated in your "causing pain" tutorial, this is truly a killer application.

Edward

Scrip, I would like to book for the course on 29th. The special offer is for bookings before 29th August which is bank holiday Monday. If I book this weekend, can I still get the special deal? Helen

Hi Helen, You should be OK. It's something you will have to double check with global markets.

Edward, You are really going to love the next two modules as well. We are busy testing them at the moment and will release them soon. They have been pretty complicated to write so we are being careful about putting them through their paces before we release them.

I hope there's still a vacancy on the course too, Scrip. I've just fired off an e-mail to Sarah at Glom for a place.

:-)

..........

Back England ... two Welshmen still to bat.

For the tennis enthusiasts, the US Open starts today. See link below for the draw, live scoreboard, etc

US Open

Once again Federer is the overwhelming favourite and odds have shortened considerably overnight due to Safin pulling out with a dodgy knee.

Regarding the Brits, Henman is in dire form (when has he not been?) since Wimbledon, having only won 1 match! However, laying him for this one is not feasible as at 500s, you'll need a margin the size of a lottery jackpot.

Rusedski, on the other hand, is in remarkable form having won an ATP title and reached the semis of 2 others over the last month or so. He has a tough draw in the 1st round against Blake who won a tournament over the weekend. If he overcomes the 1st 2 rounds then he's potentially up against Nadal in the 3rd round!

Finally, Murray is drawn against the veteran Pavel, having had to win 3 pre-qualifiers despite a shoulder injury.

Happy trading on the tennis!

Hi Bakko, on Federer to win, all favourites flop sometime but not this one just now(I hope). also on M Schumacher to win Italian GP at 10+ which I think may not reflect Ferraris desire to win in front of home crowd so may be fastish in qualifying when I hope to green up since they havent got much chance for the race.My Italian banker came thro again this weekend at Brno! just amazing.

Pericles,
If you're going in for Federer I'd wait till he at least gets into the 3rd round as his odds won't move much till then unless one of his nearest rivals crashes out.

I agree with you that Fed just doesn't look like losing. He's simply on another planet but his odds are just too short to make it worthwhile lumping big amounts at the outset.

Must thank Serena W for giving me a winning start to the US Open!

Bakko, thanks for the advice on Fed.Im on that already but will watch it next time, well done on Serena, meanwhile heres one of my banker!

Sad news for all followers and fans of high class international football

Currently experiancing the perils of back an event under-round. Several times during the ashes the series market has been under-round but because the event is not completed yet Betfair have only settled those events that can not happen. As a result my P&L looks terrible but I have made profit, just no yet. There must be a better way to settle these markets.

Free money!

Special bets, UK, Top summer temperature. Forecast is for 29c tomorrow the last day of this market. People are laying off 1.01 at the moment so unless there is a huge spike in temperature tomorrow to over 34c your bet is safe.

I'm covered up to 97f so I should be pretty safe!

Plently available this morning, Looks like some are bailing out and offering up to 1.04 to exit their position.

Scrip

may be because it is forecast to get into the 90's today

You can easily cover yourself to 97f in the market this morning. I have an additional 10k in there all matched this morning.