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

Cloudbase

well done on the futures :-)

bit of swing early on and looks like the weather fcast for the next few days has deteriorated

Thanks,
Could be some wild swings then if the weather dodgy, still got the draw lay which i need to trade out, but only small, so no wory

Just laid the draw for a lump at 1.6

Ponting/Hussey look well set but they are also scoring very quickly, which will keep the draw price propped up to a degree while wickets will see it drift

Looks like back Aus was the trade, come in a long way.

Yep, but risky, an early wicket would have seen the price disappear out

Draw lay looks almost risk free assuming the weather holds, even without wickets it seems not to want to fall below 1.55

Thanks.... need to learn where the risk free trades are or i'll get kicked when i
increase size

Cloudbase

the free trades are invariably laying the draw - the market is making it quite clear here that runs arent going to shorten the price, a wicket will lengthen it so only a stagnant period of blocking (Symonds/Gilchrist next 2 in!) or the dreaded weather the dangers (rain being the biggest one). That said the longer the partnership goes on then the less impact a wicket will have when it finally comes

Nel just trapped Hussey plumb in front given not out :-)

strange market reaction to the not out, brought the draw backers in again

Seems like a directionless market at mo, just added a bit more to draw lay 1.51

ditto at 1.5 :-)

Market seems to be pricing only one out come, the draw. Time errosion not helping

Hi cloud

the slowing in the run rate saw the price collapse - a lot of layers bailing out i think. Current avge lay is at approx 1.46 so not overly concerned at the moment - were not halfway through the test yet

Hi Fundy. Yes it did collapse fairly quickly, avge here 1.74 and as you say plenty of time left yet

Ponting just plumb LBW given not out - thats both batsmen Alem Dar has given a life to

finally a wicket

Hussey out

Thats been a long dry spell, allthough it sounds like should have been 2 more LBW's.

Cloudbase

the 2 lbws are shocking, though couldnt really expect Ponting to be given out on 96 in his 100th test - just wouldnt have been cricket!!!

Lol, the umpire must have backed the draw!!

Off for a kip now, see if i can get back for last 1/2 hr.