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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Just hope it stays that way

Playing around with the dutcing facility on the ManU game but could't get the draw to fill. Almost immediately ManU score and now green.

More luck than skill!

Skill no doubt.

Try dutching or bookmaking the correct score market if there is enough volume and the spread is tight enough. Practically printing money unless there is an outrageous scoreline.

Did OK in the end on all the open positions I had and the horse markets were OK today so time for some quality time with the kids now.

Just looked at the footy scores, Saints 3-0 at half time. What's going on there? Pahars scored as well, you mean he is actually fit enough to play for the first time in three seasons?

Maybe it's cos this Clifford bloke has left and they're playing and training in the traditional way!

Ah, it would be saints if they didn't have a grandstand finish, 3-2 now!

Damn, was looking for a late Charlton goal there but it never came. Will end up square over all on the match.

Scrip, 3-3 now

f**k, I am well in the money then! You sure, just about to switch off.

4-3 to Leeds

Bunch of wasters! That is a catastrophic collapse. I think that will kill the any patience left in Southampton supporters. No team should lose after being three goals up at home.

Redknapp out!

That just about blows our chances of getting out of the division, it's all downhill from here.

Was scalping on ManU. Just had an order filled then they score. Yet another stroke of luck!

Sorry Scrip re your positions

It's no problem. A bad day for me now is when I don't make money. Did ok on the horses.

My only comfort is knowing that Portsmouth are quite likely to be relegated this year!

I'll swap one of my bad days for one of yours anytime!

Hi all

Just back from Haydock - a bads day gambling resued by the wife picking up a nice 8-1 winner in the final chase.

Quite amusing, They had an extra big screen at Haydock to show the up to date prices, including in running - nearly all afternoon, the screen was showing either a betfair advert or just the logo as the site was down!!! Also, they had a load of terminals at Haydock for people to bet on betfair - though most i spoke to like me werent prepared to log in on a terminal in public

In one of the early races I had backed Echo Point and saw coming over the second last it was trading at 1.07 on betfair and I knew it was beat!!! I felt a loser twice over cos I knew my bet would lose and that I couldnt lay it!!! Scrip - we really need to talk about me being at the course and you on the computer!!!

Schiff, that tricast you mention, I had backed the 2nd place horse and 2nd and 3rd in a Forecast - grrr!!!

Could tell from the money that Penzance wasnt fancied (though as far as youre concerned he got home safe and should come on for the run) - there was some big lumps for the Admiral which got back up in the str8 - Faazel would have traded very very low in running if betfair was up

Off out for dinner - see you all for the cricket at 4.30am?

"Scrip - we really need to talk about me being at the course and you on the computer!!! "

I agree, would be good. Q1 sees Kempton Park and Ascot coming back on line. So I will have those, Newbury, Windsor, Salisbury as my local courses plus Epsom, Lingfield and Sandown Park a little further away. So I am planning to go to some courses and have a look at what latency there is between that and the market.

Scrip

Asumming the betfair prices on the screen were real time - in 6 races today there were 2 you could make a killing. The first, Echo Point was 1.07 in running and beat and it took 4 or 5 seconds before it got to 1.2!!!

The other was the photo between Admiral and Faasel - whilst not available on betfair (site was down) having watched live Admiral was a 1.01 shot - it won by a clear head but over 3k was matched over 1.5 on betdaq!!!

It would also have been feasible to have laid Kicking King at odds on - off the final bend he was the worst looking of 3 contenders yet 1.53 on betfair

I dare say a fair bit depends on race reading ability but would certainly like to give it a go

The only concern i would have is i struggled to get a phone connection all day (as Sputnik will testify having tried to call to find where we were)