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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Looking for a late match leader preferably the home team then start from there to take some money out of the market. Wasn't going to try and predict the result at all or position take before the match started. Fortunate that there were two goals very quickly.

Just scanning some of the other matches but need to look after the kids this afternoon so that's probably it for today.

The FA CUP is more difficult to make money on as the scenario is different. When you are about to get knocked out of the competition you have nothing to lose by pushing forward. So be careful on knockout matches the probabilities are different. Also the trend in recent years is for wholesale team changes by the big teams so difficult to really get any handle on the performance.

Try and pick matches where you have some ability to judge the match, I.e. matches where stronger teams are playing at home with a full squad.

Wow, Some interesting results out there. Not that I did but you could have laid Man U with 70 and made 1000!!!

Youd have to have been mad to do though scrip lol

Been out most of the day but made a few quid this evening on Newcastle rugby match and backed everton at kick off then layed at 2-0 - nice

also backed a horse 50 e/w at 14-1 - it came second, a payout but not as nice as it could have been

Don't forget that some match results might be fixed!!!!

Strange offerings from Betfair on the football. Yesterday (Sat) they had two UK games in play and two foreign. Today they have one UK game and six foreign.

Why the apparent bias to foreign football? I would have thought the Arsenal v Stoke game would have been ideal yet they seem to prefer to offer other insignificant foreign games.

Backed Celtic today at odds of 3 in the second half when it was 1-1. Greened up at 2-1.

98M

Harlosh, I know, I can't figure out the criteria they use. Very little of interest on offer this weekend. I know they need decent feeds to make a market in play but there were some good opportunities that they didn't offer.

Just noticed Villa Real and Barca was in play so nipped in for a few quid.

Does anyone know what the bloomberg ftse stamp was for the 09:00 intraday market? I managed to lay it at 1.03 and was confident it was under the mark, obviously not.

Scrip, I shall be signing up for the course in feb. Great thread as well guys, very interesting reading so thanks

Sorry fade, wasn't in the market this morning. Looking at my client software I have a price 15 secs either side of the hour and it was 4854.5 then 4853.5

fade - according to my FutureSource feed, which so far has always agreed with Betfair/Bloomberg, the first price after 9 was 4854.50. On this occasion, that also happened to be the last price before 9.

You can get the same info from Betfair's next hourly event, because they use the settlement price of the previous hour as the new above/below price for the current hour.

Only four guesses so far on the total volume of matched bets in November (All markets).

Harlosh - 290m
Fundamentalist - 180m
Jeffmack - 98m
Chartist 2004 - 25m

Any more guesses? I'll give you the exact figure on Tuesday morning.

thanks guys

my guess would be 500m

Scrip -

I am enjoying this thread so much so that I've booked a place on your course. Look forward to meeting you all.

ps: I know nothing about betting exchanges and look forward to learning something new.

Diego

I'll go for a high number.... 900m.

Diego

from someone who went on the course, you will get a lot more out of it if you open a betfair account prior to going, put a small pot in say 50 and use it in 2 stakes, just to understand the mechanics of the site - this will make the course far easier and you will pick up the more complex strategies rather than worrying about what is a back or a lay etc

Thanks Fundamentalist I will do that, although I'm a bit worried I don't know what I'm doing. Is there a dummy account?

Diego

2bn

221m.