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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New version of Bet Angel is ready. I have been testing it for a couple of weeks. If any existing subscribers want to step forward please email me and I will send you a copy. No instructions as yet as it is really still a beta version and ideally you should be playing with it looking for anything we may have missed. So I suggest using smaller amounts for the moment.

The upgrade now allows you to link to Excel and pass commands back and forwards between Bet Angel and Excel. So you can now write your own bot! I.e. you can instruct Bet Angel from Excel to place an order in the market when something happens and ask Bet Angel to offset, put in stops etc. etc. etc.

Also you can save unmatched bets and re-introduce them to the market if you wish via the new saved bets tab.

We are now starting work on the next module.

photo in the 12.25 - both traded at 1.01 in running

Missed that, was on the race but obviously wasn't paying attention!

Scrip

and the one they thought had won and backed at 1.1 in the photo got beat - that said any backing at 1.1 on that photo with the awful pictures that were shown were mad

could do with getting Vinando beat in the 13.20

Looks like you are safe.

laid it for some more in running :-)

wish id laid private be - another 1.01 turned over

36k matched at 1.01

thats over 45k (90k matched) down the swanny on two 1.01s today - someones gonna being having a cold xmas

If you lay a horse at 5.6 and it drfits to 12.0 before the off do you bother to green up?

i have taken my stake back but almost feel like should have just let it run

traded at 1000s half way into the race lol - very suspect

"do you bother to green up"

I do but only because I know nothing about horses. But you suspect that it would work equally well over a long period of time by not greening up.

I have been revisiting the market this week with some automation to test some generic theories and will continue in the new year. I suspect if a horse drifts from the price you lay it the expectancy is positive over the long term.

Not having a bad day over here as long as I don't mess up the last!

Just squared up on the last, didn't think I was going to find a position but managed to sneak one in.

Made money on all but the 12:10, 12:50 & 15:30, 13/16

"I suspect if a horse drifts from the price you lay it the expectancy is positive over the long term. "

What do u mean script?

You will make more than you lose by letting the position run into the market, possibly.

Ah ok.....

Ur lay is fixed, but if u leave it open without greening up u'll make more than the liability from the lay?

I dont get it sorry!

bugz

what scrip means is if you do it enough times to get a fair sized sample, you will have a few big loses and lots of wins compared to lots of smaller wins only but the former scenario will add up to more in total

ie if you let a 100 of these type bets run then over the long term youll win slightly more than if you greened them all up, though obviously you will take some hits along the way (and hence have a far more volatile p&l)

Right right - got it sorry. I didnt appreciate it was bets plural.

Acknowledgement of why I generally don't trade in these markets

http://news.bbc.co.uk/1/hi/uk/4528700.stm