Trading order flow – Understanding Horse Racing
This article continues on from another article where we introduced the concept of the Betfair trading strategy this is trading order flow. Trading is the simple process of backing at higher prices than you lay at and netting a profit. While most people use a betting exchange to place conventional bets, profitable Betfair traders use…
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Trading order flow – Not as difficult as it may seem
So there’s a great way of profiting from trading on Betfair, but on the surface it is unintuitive. People generally get confused by it and most people do it wrong. However, it’s the method that I’ve used over many years… This technique is called trading order flow. I just thought it was worth doing a…
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A very British Betfair trading strategy!
We are all experts in something! So you have your trading software fired up, you point at that the betting exchange and scout the markets on Betfair for some opportunties. Maybe you are looking for some small profits or perhaps a bit of swing trading? But ideally you will be an expert in something if…
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The most surreal day of my trading career
July the 7th is slowly fading most peoples minds. But for a small group of traders, this date has some more significance. Our story of this day It started the same as any other day. I was scheduled to do a talk in central London on guess what? Trading on betting exchanges. I took the…
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Beating the In-Play delay with a ladder
When you’re trading on Betfair, there are two states to market conditions that you see. There is the pre-off period, the period before an event has started and then in-play, when the sport you are trading is underway. Sometimes this is called in-running, but the industry seems to have popularised it as in-play. Pre-off vs…
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Don’t fall for the System Sellers Paradox!
Roll up, roll up! ‘I have this VERY simple set of rules that can make loads of money with very little effort. It can be yours for only $37 and you will make unbelievable amounts of money as long as you buy it before this weekend. ‘ Sound interesting? Maybe it shouldn’t…! Well this blog…
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Trading the most amazing Tennis match ever!
Betfair tennis trading Tennis is know for it’s wild variability. The scoring system lends itself to remarkable comebacks and seemingly dominant players snatching defeat from the jaws of victory. How does this translate into a profitable strategy for a Tennis trader? I’ve always wondered who invented the scoring system fand it’s rather really bizarre oddities….
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Betfair trading pre-off Racing with small stakes
I can trade with small stakes and big stakes, I obviously prefer to trade with bigger amounts! But I realise a lot of people who start trading are going to be using small banks and that’s what I want to talk about in this blog post. I hope this can be useful for someone who…
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Get a trading edge with Probabilisitic thinking
Imagine you are a caveman meandering through a landscape, you hear a rustle in the bush. “What’s that…?” Your brain kicks into action and provokes a flight or fight response. It could be lunch, or it could kill you! Your primitive brain makes a really simple judgement and decides that the payoff here for ‘kill you’ is…
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Betfair API – Greening / Hedging / Cash out issues
On Friday 19th June, without any prior notification, Betfair introduced some changes and new rules to their API. This had the effect of preventing ALL API software users correctly hedging position on the Betfair betting exchange. Typically this would have exhibited itself when trying to implement greening. The Betfair exchange wasn’t accepting orders correctly, leaving…
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