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

PTH

i saw the game you mean, yes made a few quid but tend to trade out as soon as the odds go my way as the prices can whipsaw amazingly

good to see Im running in the 2.00 at Wetherby - only concern is the ground, but looks a big price to me and having a small punt

never travelled on the ground

Not doing the nags at the moment Steve, I've let my BetAngel Pro subscription lapse until I'm back from work next year. I think racing is one of those sports where u need every tool available, so I'm just sticking to footy mainly.

PTH

fair enough, the horse racing (along with the cricket) is my bread and butter - i still cant make as consistent profits from the footie so am doing much less on it currently

agree with the racing that having the software is key

By the way Phil Taylor (darts) is currently at 1.02/1.03 for his second round match today. I know he's good, but if he gets off to a bad start, who knows what may happen? Got to be worth laying (and I have!).

pth

PTH

he went off 1.02 in the first round and never got any bigger lol

Agree anything can happen but this guy is a machine - i tend to watch his matches and if he gets out towards 1.5 then i look to back him

Steve, thanks for that, but you just never know. Small risk for a lot of potential upside. I doubt very much he will get beaten, but a bit of movement in the odds would be nice!

PTH

if you can lay of at 1.2/1.3 then its a cracking trade - good luck

trading profit onto World Wide Web in the Welsh National

PTH

is the game this evening?

think its at 9 O'clock tonight, assuming they stick to the time table

thanks pth

world wide web beaten after 1 circuit

An interesting discussion on the forum:

Quito 27 Dec 15:12

Worth noting that Bridgewater Boys has failed to place on the four previous occasions it has been 3/1 or shorter.

8to1RiverKeen 27 Dec 15:13

are you implying that the game is bent quito?

Quito 27 Dec 15:13

The horse doesnt know his price River Keen. The farrier and the tack man may do however.

I subsequently laid at 2.58 and greened at 3.6 :-)

And surprisingly the horse was never even put in the race - connections excuse likely to be that it didnt go in the snow lol

u green PTH ?

took the dogs out and missed my opportunity doh!

Evening All,

Just been watching the darts. Jeez...Those leg odds sure do move!

Hi all, another question for betangle users.
I backed Australia in the cricket last night at 3.3 for 5, i then layed 2 at 2.0
and a little later put in to lay 3 at 1.9 but only got matched on 2. The book
is showing Australia +6.8
Sth Africa 0.0
The Draw 0.0
The question is how do i close the last 1 back bet as the min. is 2 and how will that affect the profit /loss?

Cloudbase

Firstly, well done on your position. You've made a good call on Aus as they're in a strong position.

Secondly, you won't be able to close out on 1 as you correctly pointed out that the min bet is 2. Then again, there's no need to as you have no liability on SA or the Draw.

If you think that Aus will go on to win then you'll collect 6.80 but if they don't you lose nothing so effectively your trading has given you a free bet on Aus (great isn't it!!).

However, if you want to green up you can lay Aus at 1.59 with your 6.8 to pick up 4.27 on all 3 outcomes (even better!).

Happy trading!!

bakko, thanks,knew there would be a simple explanation, all part of the learning curve.
On the longer time frame bets ie cricket, what do most people tend to do in a situation like this?
Watch and look for a better greening up price, or partial green up to cover your stake and watch or
keep trading the line and green up later? Guess it depends on what your comfortable with.

Cloudbase

I trade the cricket quite a lot (increasing all the time as im finding it very profitable) - i lasted till tea last night (4am ish) and will be up again tonight.

Personally if I have backed a side at 3.3 and they have shortened to 1.5 ish then to me there is enough profit it to take it and green up. If the price then drifts out again i would be likely to go back in again (as an example - I backed the aussies 4 times and laid off again last night!) In the event i am backing the fielding side i nearly always lay off immediately (due to the price over reaction) and back back either 5 mins later if i wanted to keep the position running or leave it 15-30 mins till the price gets to my target level (as it kept doing last night)

With regard to test matches, at all times I try and price up what i think the draw should be and then calculate from that the prices i think fair for the 2 sides. I then look as to what potential scenarios could happen over the next hour, session and day and the risk reward for those scenarios. The combination of an event i think likely to happen and the price being value is when i look to trade. I also try and have in my mind the max range of prices for the next hour (ie what will the prices be if the batting side lose no wickets or if they lose 3 or 4)

I also look for scenarios where there is effectively a free bet. For example, in this test the Aus price shouldnt go below 1.4 before the saffers bat (except in the unlikely scenario that Ponting makes an aggressive declaration). If when the Aussies are batting, they go as low as that I will be laying them. If they lose a couple of wickets there price may lengthen, if they bat on too long their price will lengthen and it will not shorten until they take the first wicket (by which stage i will have traded out)

hope this helps, feel free to ask as many questions as you want