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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I got some profit by using Next Goal, 0-2, 1-1 and over 2.5 goals together, but it got far too complicated and I was exposed for a while. Glad I was only playing with tiny values.... won't try that one again.

When nipping in and out, will you take a hit if a goal is scored when you're in, or can you afford to use Next Goal as insurance ?

"I got some profit by using Next Goal, 0-2, 1-1 and over 2.5 goals together, but it got far too complicated and I was exposed for a while. Glad I was only playing with tiny values.... won't try that one again."

It gets too complicated if you start looking beyond basic strategies. I am only looking for a positive expectancy in the long term so I only stick to strategies that will produce that.

I was talking to somebody today that was on the Southampton vs Fulham match the other day. Couldn't cover after the first goal went in so laid the 3-3 to try and get even. Of course the 3-3 came in and his loss was significantly worse than if he had just taken the hit.

Fundamentalist, Harlosh many thanks. Looked @ Betfair's site last night I think the 50 idea is a good one and will try that on the weekend footies.

Diego

Total matched bets for November 2004

Ok the guesses were: -

Dil - 2b
TPO - 900m
Fade - 500m
Harlosh - 290m
Piptrader - 221m
Fundamentalist - 180m
Jeffmack - 98m
Chartist 2004 - 25m

And the winner is...................

TPO! Well done TPO!

Total matched bets were 1,021,594,181

Top five sports: -

Horses 511,699,389
Soccer 281,237,672
Tennis 73,113,226
Snooker 27,702,002
Cricket 24,396,451

So taking a hundred quid a day out of the market isn't a tall order when there is over one billion on the table!!

Diego

If you haven't opened an account already you can get a sign up bonus (one I saw was 20), just do a search on google there are plenty

Thanks fade, opened account with link from 'free-money.co.uk'. 20 free bet.

Diego

Good luck, I have signed up for the feb course so see you there

If anybody needs help getting to grips with the basics then please post up here and I am sure we can all help.

Don't know if anybody else is on the horses this afternoon but I am having an excellent afternoon at the moment. (Famous last words!)

ROFL, Loss on the next race!

Scrip, a bit more info about Leaguepad.... database seems good and I've been able to extract at what time the goals were scored in each match in the premiership (and so score at half-time & final score). It also looks like I can download data for the previous three seasons, so that should give me plenty to work with.

Dropped you an email.

Looking at the Liverpool game tonight I'm tempted to leave it til half time and hope for 0-0. Liverpool seem to come on in the second half so I'll hopefully back them at better odds. Will listen to the game though to see how they are performing.

You may consider looking at the options available across the market. You have a to quality market as well as the match odds. Usually a good bet. I notice the liquidity is poor on the qualify market at the moment though. Will wait till just before the match starts.

Scrip,

I take it you mean the 9.4 currently offered on Liverpool to win the Cup

Will drop you an email.

Hmm, Looking at the match. Liverpool have come into 1.26!!!

I thought they were a little skinny before, Now very very skinny.

Watford will set up shop at the back and hope to catch Liverpool on the break. Because its over two legs I suspect Watford will try and disrupt Liverpool and kick them about a bit to try and return to Vicarage road with a chance of turning them over. Will watch with interest.