Income from betting exchanges

This is a discussion on Income from betting exchanges within the Fixed Odds & Binary Betting forums, part of the Markets category; But as always there are caveats and on the exchanges each sport has its own characteristics....

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Old Jun 3, 2005, 6:54pm   #169
 
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But as always there are caveats and on the exchanges each sport has its own characteristics.
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Old Jun 3, 2005, 8:03pm   #170
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Originally Posted by Scripophilist
But as always there are caveats and on the exchanges each sport has its own characteristics.
Thank you for taking time to answer my questions. Your right. I've used betfair on and off to get a better price and as an easy way to bet over the last few years. I sort of getting what you are saying. I'm thinking you mean you use betfair as the money men use say the ftse to trade with? Am I going in the right direction here?
Anyway. If you run a course you probably don't want to reveal your trade secrets (understandably).
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Old Jun 3, 2005, 9:49pm   #171
 
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I tend to be coy simply because I've seen so many people blunder into the market and lose a lot of money. I think dishing out bog standard advice is as dangerous as it is helpful.

Also I think it helps a lot if you impose your own style on a market else you will have hundreds of clones running around doing the same as you. Not helpful. I started doing the courses simply due to demand, I spend most of my time trading and investing, but don't mind doing the odd seminar here and there; I actually quite enjoy it. As long as it covers the cost of me taking a day out from normal activity I'm happy to share stuff I have learnt and its nice to take a break from the screen. Also I'm probably five years ahead of most in terms of application. Currently I am off on some abstract tangents on certain sports. I am spending the summer working on new sports and sports I think will likely become popular in the future.

Once you have a handle on the main tactics you can start putting them to use on several different markets. But the skill comes in applying them well and adapting your strategy to each market. I know it sounds corny but I'd be surprised that if you spent money learning, you couldn't make a return on your investment at the moment.
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Old Jun 5, 2005, 12:59pm   #172
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Quote:
Originally Posted by Scripophilist
I tend to be coy simply because I've seen so many people blunder into the market and lose a lot of money. I think dishing out bog standard advice is as dangerous as it is helpful.

Also I think it helps a lot if you impose your own style on a market else you will have hundreds of clones running around doing the same as you. Not helpful. I started doing the courses simply due to demand, I spend most of my time trading and investing, but don't mind doing the odd seminar here and there; I actually quite enjoy it. As long as it covers the cost of me taking a day out from normal activity I'm happy to share stuff I have learnt and its nice to take a break from the screen. Also I'm probably five years ahead of most in terms of application. Currently I am off on some abstract tangents on certain sports. I am spending the summer working on new sports and sports I think will likely become popular in the future.

Once you have a handle on the main tactics you can start putting them to use on several different markets. But the skill comes in applying them well and adapting your strategy to each market. I know it sounds corny but I'd be surprised that if you spent money learning, you couldn't make a return on your investment at the moment.

Thanks for replying. It's really interesting.
Something I did think about doing during the football season was laying 0-0 draws on say 14 matches. I've learnt the average 0-0 is 1 match in 14. If you are more selective on teams that score goals and haven't drawn many then this should come down. So depending on your liablity on laying each 0-0 unless you get 2 or more 0-0's you would make money.
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Old Jun 20, 2005, 10:50am   #173
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Originally Posted by Scripophilist
I tend to be coy simply because I've seen so many people blunder into the market and lose a lot of money. I think dishing out bog standard advice is as dangerous as it is helpful.

Also I think it helps a lot if you impose your own style on a market else you will have hundreds of clones running around doing the same as you. Not helpful. I started doing the courses simply due to demand, I spend most of my time trading and investing, but don't mind doing the odd seminar here and there; I actually quite enjoy it. As long as it covers the cost of me taking a day out from normal activity I'm happy to share stuff I have learnt and its nice to take a break from the screen. Also I'm probably five years ahead of most in terms of application. Currently I am off on some abstract tangents on certain sports. I am spending the summer working on new sports and sports I think will likely become popular in the future.

Once you have a handle on the main tactics you can start putting them to use on several different markets. But the skill comes in applying them well and adapting your strategy to each market. I know it sounds corny but I'd be surprised that if you spent money learning, you couldn't make a return on your investment at the moment.

Is there any material out there that would help me know what prices will drift in or out on the bet exchanges? Or is it just experience of trading the exchanges?
Thanks.
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Old Jun 20, 2005, 10:43pm   #174
 
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There is no quality material out there yet. I cover tactics and strategies in the course (the next is on the 7th July then nothing during the summer) which is designed to identify price movements. I recently uploaded some tutorials and examples where I am discussing a horse race. Visit the tutorials section of http://www.betangel.com
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Old Jun 21, 2005, 12:29am   #175
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Originally Posted by Scripophilist
There is no quality material out there yet. I cover tactics and strategies in the course (the next is on the 7th July then nothing during the summer) which is designed to identify price movements. I recently uploaded some tutorials and examples where I am discussing a horse race. Visit the tutorials section of http://www.betangel.com
Thanks! I'll have a look at your free version first.
Can you let me have some details of your seminar please. I probably can't afford it at the moment TBH but if not this time hopefully you do one later in the year when i've checked the back of my sofa for money!
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