Trading

Hamm

Hamm

At the Start
Joined
Jan 24, 2008
Messages
12,548
Location
London
Just wondering, does anyone on here do this on Betfair/other exchanges?

Anyone use any particular trading software?
 
I've done it in the past. Bettrader Pro is worth downloading. It's free and gives you enough tools to do it. At a guess I would say you are wasting your time because as I know you work will you not have time to make it pay. You can squeeze out a profit but it is unbelievably boring and at times you are selling out of great positions. I'd rather have a punt any day of the week.
 
You're probably right, more just something I'm interested in right now as opposed to something I'll be doing in any serious kind of way. How did it go for you?
 
Bar the Bull said:
He found it unbelievably boring, and at times he had to trade out of great positions; he would rather have a punt any day of the week.
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:lol:

When I used to have time I would spend my two days off on Betfair and do all sorts. It was fun and I spun up a small amount to a big pot a few times. I'd say my best go was €150 up to two grand. It was always just a bit of fun nothing else. Of course in the winter after doing 30 races I could not resist ploughing into that nights football. Bar The Bull might tell you that nothing has reall changed.
 
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Irelands leading bookmaker will often go bigger then the lay price on Betfair in their shops.This usually happens on quiet days or late in the day.
 
You have to understand what Powers are all about -ripping off the average punter while pretending to offer outstanding value.Their Dunguib special at Cheltenham was a licence to print money.
 
Gearoid said:
Not really. Sometimes they just fancy laying one. Betfair is not king.
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Offering arbs long term is trading suicide, even if they "fancy laying one." They'd go bust if they did that regularly enough.

Betfair is unfortunately king in modern bookmaking. You can't get a bean on anything more than a machine price.
 
We are talking about offering an arb in the retail side only. Shop punters by their very definition are shop punters and an arb to them is someone who put them on the dole queue six months ago.
 
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Fair dos, people are wising up to the value in Ireland's shops though. I know a couple of UK based punters who play the Irish shops as there is better value and you can generally get more on over there.
 
In fairness, using an arb opportunity to lay one that you really want to lay can be very handy - it takes all the effort out of it! If a firm is selective and lays strictly to the level they want to reach in the book then cut the price it can be very useful indeed, so long as your traders/compilers are worth their salt!

As Gearoid says, no point in looking to trade unless you can do it full time. There's no point arbing unless you plan to sit up 24/7 doing so, as with each arbing opportunity you'll be lucky to earn enough to buy a Kit-Kat - and in arbing with fixed price firms you'll very rapidly have all your accounts boshed and struggle to get even pennies on, anywhere. Quickest way to have your accounts closed.

In-running can also only really be done seriously by those who do it full time, are dedicated and know exactly what they are doing. It is a big money business and those who do it professionally are constantly looking for an edge; even the in-running shops aren't worth anything any more as even their satellite links lag a second or two behind the oncourse pictures, those precious couple of seconds being vital. Those who are taking it seriously have to do in oncourse now, where they can.
 
I've just tromped across a field (10 minutes ago!) in PJs and muckers, with a torch, to check on my colicky 'oss. You might want to rethink that offer!!! :lol:
 
I'm sick of Americans. I know this thread is over ten years old now but with the US opening up for a lot of this type of stuff it seems the Americans are all going nuts for Kelly Criterions, trading, "futures", arbing, massive bets that'd get limited before you hit the last 0 in Europe, and generally being completely American.

I applaud the guys who are going to make a lot of cash out of this but I can't help but think that there's going to be a huge amount of them left potless.

Maybe it's just me, and I'm not down in the mud where "serious gamblers" are, but a lot of this sounds like people who don't realise the US is an immature market and the only reason they're getting away with any of it is because venture capitalist business models.
 
Gearoid said:
We are talking about offering an arb in the retail side only. Shop punters by their very definition are shop punters and an arb to them is someone who put them on the dole queue six months ago.
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Who is this Gearoid geezer -he sounds shrood.
 
granger said:
Bar The Bull, Shadow Leader great misses to the forum

I think gamla replied with a private message to one of my early posts about ratings
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He's a very nice guy. Heard he's packed in punting. He used to put an awful lot of work into it.
 
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