Scripophilist
- 27 Oct 2004 23:40

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
- 08 Jan 2006 19:52
- 7746 of 10502
nicked this from a thread on the betfair forum
Not convinced it is a 50% chance he will play myself:
"Because of the pain in his left foot, Rafa is now using insoles to correct his foot placement to prevent further injury. He has not adjusted to the insoles, which presently strain his calves.
He has two weeks to get used to the special insoles before playing the Australian Open, beginning January 16. It is a race against time. If it were another tournament, Rafa would not think of playing, but because it's the year's first slam, he is going to make the effort. As his uncle and coach, Toni Nadal, explains: "Rafa has recovered from the injury to his foot but the change of support pressure points, because of the insoles, have caused muscle strain and that is the problem that makes us doubtful for Australia. We will only travel if he is fully fit. We cannot play thinking of getting through one round."
From Rafas website
Fundamentalist
- 08 Jan 2006 19:56
- 7747 of 10502
bakko
- 08 Jan 2006 20:01
- 7748 of 10502
Schiff
Tread carefully with Nadal cos he's injured and hasn't played for a while.
He pulled out of the Master's Cup in Nov which was exclusively for the top 8 of 2005 which attracted a hefty pay cheque. He also had to pull out of the Chennai tournament last week. I don't think he's played a competitive game for at least 2 months.
I also heard that his chances of making the Aus Open is only 50/50.
Fundamentalist
- 08 Jan 2006 20:21
- 7749 of 10502
Lets all laugh at tottenham (again) la la la la
schiff
- 08 Jan 2006 20:34
- 7750 of 10502
Thanks for your help Fundy & Bakko - I suppose I should have known there was a catch. I lose my CB stake if Nadal doesn't participate at all and my BF lays will be void - so it's bad news.
My only way out is if he plays and I can lay off the rest of my CB stake. If he ain't 100% fit he's not likely to win, is he?
My suprise is that he is still 2nd favourite with betfair but of course if he's a NR the bets don't stand.
Another lesson learnt!
Fundamentalist
- 08 Jan 2006 20:44
- 7751 of 10502
Schiff
for your sake hope he turns up for the first round at least, hope your stake wasnt too large.
you will often find that likely non runners prices are much lower than they should be on betfair. This is done to drive out the prices of other players (maintaining a 102% ish book), mainly to catch out the bots. You will often see a horse withdrawn in a horserace a few mins from the start and before the market is suspended that horses price will actaully shorten!
there are a few catches like this when trying to arb bets, another to watch out for is sometimes what is a 3 way result (ie win lose or draw) on betfair is only a 2 way result (win or lose) with some bookies where the bet is void if a draw
Scripophilist
- 08 Jan 2006 20:45
- 7752 of 10502
Ain't cup matches just great!
1.12 Celtic sunk
1.14 Man u sunk
1.06 Spurs sunk
Cloudbase
- 08 Jan 2006 20:59
- 7753 of 10502
shiff......its a case of the old saying " if it looks too good to be true it usualy is "
i'm affraid, and that applies especially to betting, any arb will be quickly snaped up with the bots
Cloudbase
- 08 Jan 2006 21:30
- 7754 of 10502
Fundy.....will the liquidity be good enough on the 20/20?
Have i seen apost some where that you said you like laying heavy backed fav. on the horses? Just trying to find my edge at the mo. and had some success with it.
Fundamentalist
- 08 Jan 2006 22:09
- 7755 of 10502
Cloudbase
would expect the liquidity to be good on the 20:20 but we'll just have to wait and see.
No not a fan of laying anything that has been heavily backed unless i think the price is wrong (sometimes i lay very short favs if they have been overbacked ie the 1.16 in ireland that got beat the other day) but only for small stakes
with the horses i tend to trade solely on price trend/weight of money though i will often let a lay run rather than green it up (it is apparent that some horses cannot win!)
Scripophilist
- 08 Jan 2006 22:51
- 7756 of 10502
Good volume and some excellent opportunities on NFL this evening.
Cloudbase
- 08 Jan 2006 23:09
- 7757 of 10502
Fundy........Ok, thanks. Was looking at only 30% of fav. win to find an edge, back to the drawing board.
Fundamentalist
- 09 Jan 2006 07:56
- 7758 of 10502
Cloudbase
with prices like that you will, find that over time the market is very efficient and hence they are fairly priced. I dare say if scrip reads this he may be able to post some stats to back that up for me.
if you break it down slightly, short priced novice chasers are a more viable target to lay but invariably blanket theories like this dont work as the market will correct itself and price them correctly going forward
Fundamentalist
- 09 Jan 2006 08:04
- 7759 of 10502
anyone else around - is betfair down as i cant access ?
Fundamentalist
- 09 Jan 2006 08:26
- 7760 of 10502
got back in now
Australia won the toss and elected to bat first
Australia team:
DR Martyn, JR Hopes, *RT Ponting, A Symonds, MJ Clarke,
MEK Hussey, +BJ Haddin, SM Katich, NW Bracken, SR Clark,
ML Lewis.
South Africa team:
*GC Smith, HH Dippenaar, HH Gibbs, JH Kallis, JA Rudolph,
SM Pollock, +MV Boucher, AJ Hall, J Botha, GJP Kruger,
M Zondeki.
So Kallis is playing!
Fundamentalist
- 09 Jan 2006 08:36
- 7761 of 10502
sold aussie first 6 overs at 50 runs
Fundamentalist
- 09 Jan 2006 08:42
- 7762 of 10502
closed at 46 and turned round - didnt like that bet at all lol
Cloudbase
- 09 Jan 2006 09:12
- 7763 of 10502
Hi Fundy, Thanks for the explanation.
Just watching for now, AUS seem to be in command
Fundamentalist
- 09 Jan 2006 09:14
- 7764 of 10502
Cloudbase
yep aussies in control but looks a cracking wicket, 180 would be a par score to me, may well be value in laying Aussies if they get nearer 1.2
Cloudbase
- 09 Jan 2006 09:21
- 7765 of 10502
Fundy... price didn't stay out long for Kallis wicket, which would suggest people already betting on AUS win a forgone conc.