Category: Betfair

Dealing with Betfair Outages – Be Prepared!

How many times have you had an open trade only for an unforeseen incident out of your control too suddenly occur resulting in you not being able to close your position and possibly leaving you staring at a hefty loss – especially if it’s an open lay position. If this is something that your fortunate…

Betting and trading on The Open Golf Championship

The Open Golf Championship Golf isn’t the first thing you think of when Betfair trading. But, curiously, golf was one of my first markets on Betfair. This was somewhat accidental as back then I was arbing (or sort of matched betting) between bookmakers and Betfair. So my Betfair trading Golf heritage goes all the way…

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How bookmakers make money

Back when, ‘I was but lad’, I stumbled into the world of bookmakers.

I arrived there via the football pools and thought I’d apply similar techniques at the bookmakers. But I soon realised there were a few problems doing this.

Problems

The first problem I had was getting the bet on, I couldn’t really bet in the size I wanted without being limited. Secondly, I could only do plain old vanilla betting. If I tried something more complex I’d often …

Little and often – On Greyhounds

Greyhounds markets are another good example of little and often. The average Greyhound race only turns over £15k or so per race so it’s really not a very liquid market and even then, the money arrives really late. but are very large amounts of greyhound races.

I recently revisited the Greyhounds markets after a seven-year absence.  If you want some background as to why have a read of this blog post: –

Going Grey

Since revisiting the markets I’ve now …

Trading Football on Betfair – Trading under 2.5 goals

The Soccer Mystic profiling tool is a way to help identify opportunities and give you that all important edge when trading soccer matches – it’s packed with a number of features to assist you when trading any of the Match odds, Over/Under or Correct Score markets and will help you pin point what times to get into and out of positions for the most value.

If you prefer the Over/Under markets then Soccer Mystic can offer you some invaluable help, …

Trading ‘Good-way’

No that’s not a typo! There are two meetings that should get your attention this week.

From a trading perspective, I like multi day high-quality meetings. They usually throw up some good opportunities and are a welcome addition to any month.

Goodwood

As you may know, these higher quality meetings produce extra volume and that can change the characteristics significantly. But don’t let Goodwood fool you into thinking it’s the same as a Royal Ascot or Cheltenham, it behaves very …

Ascot 2017 post meeting summary

I’ve been meaning to summarise Ascot. It’s always worth doing as you can refer back to it next year for comparison, so here goes: –

Turnover

Betfair ended up matching, at post time, around £70.5m which was up on last year by about 23%. Last year was down quite a bit so this returns the matched bet turnover to levels that would be deemed ‘normal’.

In the run up to Ascot, I reckoned it would trade around £65m so that’s …