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

Evo

the basics of the software are quite straightforward and the operability is very straightforward. That said, the software has a lot of additional features which take a little while to understand (and are best tried out with very small stakes until you are happy with their workings)

Cloudbase

The price tends to be a little unstable after any goal as traders/punters reposition themselves but will fall back in line within 30secs or so.

Fundy......So in a situation like that you are better laying the strong team or backing the draw rather than backing the weak team in hope? Is it a better risk/reward

bakko.......thanks, just wondered if you were likely to catch someone napping, i guess not.

Evo

IMO most software whether it's Betangel or others will seem a little daunting at first.

It didn't take me too long to find my way around Betangel but obviously used small stakes at the beginning. However, there are lots of features on it that I rarely use as I tend to stick to the features that I am more familiar with. As long as I make a decent profit I'm more than happy.

Apologies to all if my answers and posts are a bit delayed as I'm only on 56k dial up tonight. I thought it might have affected the Betangel performance but seemed to be working OK

Hopefully, I'll get my broadband connection up within the next week.

At least the profits tonight have more than paid for the call charges!

thanks fundy, scrip i will probably get betangel when i start trading, bakko hopefully it will bring me decent profits also. i shall keep tabs on this thread, to see how everyone gets on, alot more civilised than the bfair forums where all you seem to get is abuse from anyone who has a different opinion.nice treble the other day by the way fundy, good fortune to you all

Evo

thanks re the treble - nice to have a good old fashioned punt every now and again.

This thread is very civilised as ultimately its based on an investment BB not the forum playground. Personally, I like someone to have a contrarian view to mine as long as they can explain why, it may often open up an avenue i havent thought of/looked at. The biggest prob on here is more often than not we agree with each other too much!!!

Cloudbase

sorry for the delay, yes the risk reward is far better on laying the strong side imo. firstly you only need one goal not two for the bet to go significantly in your favour and secondly you actually benefit from the goal being scored later (better lay off price) whereas if you back the outsider if they score say 2 mins from time, their price will prob not fall below your original back price

Fundy.......thanks and i guess you would also have a more liquid book with the stong team to get you filled. On the Utd game before the off there was when i looked 1.08m matched but only 22k was for brum, so that alone should have been my clue

Cloudbase

indeed, the liquidity on the line is often critical to the trade. obviously the higher levels of liquidity will be on the shorter prices hence it is usually better value laying there rather than backing the high odds

see the Aussie price is already down to 1.5 - would like to see it pushed down towards 1.4 asap please :-)

Yes i've now greened up 1.52, was tempted to back SA at 17 but watching for now

Cloudbase

i assume you would be backing SA as a trade? as personally cannot see any scenario in which they can win the game. With Ntini injured cant see anyway they can bowl Aus out for less than 250 and cant see them chasing 300+ on this pitch (1 score of 300 to win a test at this ground in last 20 yrs) espcially with the variable bounce and the aussies with 2 leggies

would have been a good trade with Hodge going quickly lol

Yes was just for a trade lol, Aus not drifted out far though

Big blocking trade on the lay side now

Evening again guys,

Just taking a look at the cricket as not working tomorrow.

Aus price will only drift if the likelihood of less than 300 target becomes a possibility - another quick wicket may do this but otherwise going to need 2 more - wickets for less than 50 runs

Hi bak

you with us for the duration ?

i made lunch 2 days ago, tea yesterday, going for the full days play tonite :-)

My bodyclock hasn't adjusted to the small hours yet so may only be be able to do a few hours but if I can jump on a decent trade and it gets interesting then the excitement will probably keep me going!

theres not much excitement about it today till the last session i dont think

Got a small amount in at 1.6 on the Aussies a few overs.

Could well turn out to be a slowish session with Aus trying to build a decent lead without losing more wickets.