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.

Click here to learn more

Fundamentalist - how do you 'look' at a race after its been settled. I presume you meant on Betfair somewhere?

You can't unless you actively capture it or are a member of the BDP forum.

Ah, ok thanks.

Its high time for me to jump on board this thread and hopefully add my penny's worth.

Firstly, thanks Scrip for your recent email and will be in touch soon.

Hi to Fundamentalist and Harlosh, fellow reprobates from class of Nov 04.

I wasn't as quick off the blocks as you guys but feel that I've gathered enough information to hopefully make some serious profits. I've already done quite well on football, cricket, darts and tennis. Will be looking at other opportunities too. Made a sensational profit on the Eng v S.Africa draw today! It took over 3 days of backing and laying off as the odds were changing.It was hard work at times and I'd have been mightily p....d off if the match didnt end in a draw as I didnt green out. As the match progressed it looked more and more like a draw although there were many dodgy moments.

To those who are contemplating Scrips course in Feb - Get On It! You won't regret it. My knowledge of Betfair prior to Scrips Clitheroe intro presentation was zero so there's plenty of hope for those still unsure.

Bakko

welcome - glad to have you on the thread and good to hear you are doing well

like you - had a result backing the draw in the cricket - but the best move was greening up prior to the declaration, then going again once the declaration came!!!!!

Hi Backko and welcome. Glad to have you on board.

Fundy and Harlosh, Thanks for welcome.

If anyone is interested in tennis - Aussie Open, get onto

www.australianopen.com/en_AU/scores/index.html

Scores are live and refresh on a live basis.

Thanks Bakko, just been looking for a site with that info.

Very poor liquidity unfortunately.

Harlosh, I agree but the big singles matches are much better.

Yep, just looking at the Hewitt match. Don't know much about his opponent though.

Nalbandian's a pretty useful player. He got to the wimbledon final a couple of years ago where he got hammered by Federer. Hewitt's is probably got the edge with the home crowd

Thanks Bakko. Looks like an easy one for Hewitt now. The odds have collapsed. Might be worth a lay soon though for a 5 set comeback!!! I wish.

I'm amazed at the liquidity actually on the singles games. One the other day was over 3m. More than football. And at this time of the morning too. Who are these people that sit at home all day gambling on tennis matches I wonder!

Been to Homebase this morning with my wife so haven't been up to much this morning. Have you seen this headline?

http://news.bbc.co.uk/1/hi/business/4205925.stm

Betfair expands with Yahoo deal

UK online betting exchange Betfair has signed a deal with Yahoo UK and Ireland, extending its betting platform to a mass market audience.

Yahoo Betting, to be launched in March, will be built and managed by Betfair and customised for Yahoo users.

I totally agree. Looks like these "layabouts" have a few bob to throw around too.

Not in on this game but will keep it running in the background and get in if an opportunity arises

BTW, Welcome to the thread Bakko. Good to see you here.

Scrip, thanks for the welcome too. As mentioned earlier I will contact you in due course when I find a spare moment as I work full time.

I've looked at other sports and possible opportunities. As you're the guru, I'd like to see if they're viable or not

Sure, I continue to do work on other events so may have some new pointers in the future.

Couldn't resist the tennis, 6.6m traded, Because it is a cracking game and so close I have just been making a book on the event overround 2% at a time. The closest thing to printing money you can get IMHO.

Sorry to burden with such a simple question BUT what is the difference between spread betting and CFD's, and what advantage (if any) has one over the other?

Thanks
Steve