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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Backing Milan, Real Madrid and the draw for L'pool v Chelsea this evening

I shall mostly be 'trading' ;~) Sibneft fc

Dil

Apologies for the delay in response.

I think your view is correct to a certain degree - there is a fine line between gambling and trading. To me, the horses is pure trading, which i would compare to charting in terms of shares and my performance at this is far more consistent than any other (except the ashes this summer on which i had a field day). The football is more a case of spotting value, some of which is based on stats provided by scrip, some is personal gut feel (where ultimately the line is crossed!). A lot of the football trading I do is similar to the way we both traded the lions games - based on opinions that the prices were wrong and hence there was value in doing so (and your undying faith in SCW of course lol). Hence on the panathanaikos game, a side who were 3.3 prior to kick off and traded as low as 1.2 when 2-0 up, were basically then taken to pieces for 30 mins. At 1.8 to win at half time, i thought this was underpriced and hence looked to lay it (i didnt as i got caught up in the arsenal game thankfully as i was wrong in this instance).

When trading the horses I expect a far higher success rate looking for a small number of ticks whereas with the football (and most other sports) the sort of positions i talked about yesterday i am looking at a lower success rate but a higher return on those successes.

Hope this helps, would certainly recommend the course as a lot of what scrip provides is stats based analysis as to where there is value in regularly placing similar bets which over a period of time will be successful.

3 minutes gone AC Milan and its 1-1.

Anyone getting involved tonight - tempted to back Inter vs Rangers

PTH

Real look a bit skinny at 1.3 to me - been struggling of late, especially early in the game (cue an early goal for madrid)

As i said - Raul scores for MAdrid - well done PTH

I was on Real but nothing else for me tonight. I'm having the night off and watching instead. Done enough already this week and need a rest.

odd were not that great on Real and only a small bet so greened up. Money in the bank! :-))

Backed Inter at 1.57, 10 secs later they get a penalty and the idiot hits the post - grrrr

Greened up on the pool v chel game
just need Inter to score now
mind you if they are missing penalties??

pth

get in Milan

Thankyou Milan, another one now will do very nicely thankyou

Evening All,

Just in and tryng to find where I can get in

L'pool v Chel?

Not too keen on that. Haven't got a good feeling on that. Knowing my luck at the moment, it'll turn against me as soon as I get in.

I'll do some watching for now.

just greened up on the inter match, just in case. 3 out of 3 again tonite.

happy chappie :-))

See some big priced winners today:

Artmedia when 2-0 down at Porto got matched at 970!!!! while Porto were hevily backed at 1.01. Artmedia went on to win 3-2

Horse called Broken Spur was matched in running for 10.50 at 1000 and went on to win. The guy who backed it was tring to back it at 16-1 (to cover his pre race lay) but filled at 1000 and won 10K

Sorry I missed the action tonight.

Nice little hatrick again Pth.

Thanks Harlosh, all I need to do now is hang on a bit b4 greening up, but best to get the money banked imo.

Fundy

I've had a bet on a few of these long odds horses, best I've had so far is a second by a neck. Might get one, one day, although probably not good trading discipline!!

pth

Had 0 - 0 Chelsea v Liverpool, what a dull match...