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
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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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Arsenal looking the only fly in the ointment

Pompy beeting Man Utd, west Brom back to 1-2

Will hold onto the Arsenal position but trade out for a neutral result on a draw. Downside of this is a loss if Southampton sneak a winner.

Arsenal goal, Will trade out now!!

Out for 226.90 if Arsenal win or Draw. Finished for the afternoon. Will take the kids swimming now.

Scrip, if you are looking to reduce risk by greening up before the end of the event then you are looking to open a position and then take the profit when the odds change in your favour. That much I understand.

But on a horse race for example, some odds widen and some shorten in the time leading up to the start of the race. So how do you decide which way the odds will move if you don't know anything about the horse, or the event? Do you watch for a change in the odds and then try and catch the trend? Or is there some other signal you look for in the price movement?

Get on the phone and vote for Verity in X Factor. For tonights elimination she is my only loser, I win on the all the others.

Stitched up by Sharon Osbourne

Still Sceptical:
I get stuff like this through the post every day. Today included.
Show me the losers not just the..... etc.
I get the feeling BETFAIR are going to have the old coffers plumped by a few mugs asap
Scrip:Like your posts by the way.Not Convinced/nor happy about any of this.245 +VAT.Id convince you i could walk on water for that......Actually i wouldn`t charge.then im a mug:-)

Iain,

I think your right to be sceptical. I thought about this a lot before I decided I would give it a go. Scrip's a statistical wizard so it might not work for a mathemtical numpty like me as it does for him.
Scrip has a reputation to protect I would suggest, so given that and the fact that it's in Manchester for a change, I'm willing to give it a try.
Why not give it a try yourself. It would be good to meet you.

Regards
Harlosh

I think Iain is right to be sceptical based upon the amount of utter garbage I get through the post and pushed in my face. I can assure you that the two are incomparable.

At the end of the day I will leave the final word to the delegates who attend the course to make a judgement AFTER having attended.

I've tried to be as honest and integral in the postings to date and have posted examples worts and all; the same in the presentation I did at Clitheroe. I can't see what more I can do in all honesty?

Script
Any bets on Bolton v Newcastle?

Harlosh, Its as simple or as complicated as you wish to make it. I'll show you a mind bender during the day that I did which I expect most would never attempt. However simpler strategies are fine and work. I've collected and gathered masses of data so should be able to field a variety of questions on different aspects.

I am taking some time out to write some spreadsheets to make your life easier when using the exchanges. They will do a lot of the donkey work for you.

Personally - im open minded about it but then i am very comfortable with complicated statistics. To me in the terms of the amounts i invest and gamble with, 200 is a small price to play if it opens up another money making avenue!

kajman, Because of the way prices are constructed on Betting exchanges a move somewhere on the same event has an effect on all other prices, always. Some races I will avoid simply because I believe I will not be able to profit from them. Some are much better than others.

I'll often look at an event and adopt a different strategy based upon what I believe is about to happen.

At the end of the day I'm not looking to be prophetic, I am just looking to take money out of the market.

Jeffmack, A day of rest today. I have put an experimental position on the Bolton vs Newcastle match though.

On the racing this afternoon. Just to show it doesn't always go your way I am down 12 ticks after three races. Hoping for better for the remainder of the day. Will make a cup of tea and close all my other browsers so I don't get distracted!! Will endevour to give you an update after the last race.

Scrip please pencil me in, will confirm in a day or two, thanks.

Will do, Drop an email to sarah@glomtc.com to reserve a space. I have emailed them as well to make sure a place is available.

Just had a bet on Dow finishing negative at 4.0