Recent content by wontgivein!

If you ever to create a bot make sure you include a liability trigger of some kind - there are some pretty infamous stories where traders have lost huge sums of money due to a bot going wrong.

He is indeed a bit of a legend lol

P.S. I am a sports arbitrage trader so if there is anybody similair here it may be interesting to talk

Hello relatively new member here with a few posts already - curious about the financial markets and hoping to learn more and perhaps find some direction here.

I am a sports arbitrage trader but know little about the financial markets - I would be curious to know if anyone actually successfully arbs financial or forex markets, or even if it's possible to do by a trader with a home set up.

Not arbing at Interwetten it wasn't.......:lol:

Are incompetent and will compensate for this by limiting an arber or sharp bettor after about 3 bets........ Can be useful for a while but will soon limit you to peanuts Easy to find arbs but again have very low limits. They are certainly useless if you are from the UK as they don't accept UK...

I am aware of this. But out of the 7 Bookmakers shown in your screenshot; http://www.trade2win.com/boards/fixed-odds-binary-betting/5148-sports-betting-arbitrage-5.html#post2044494 Marathon and Bet365 will limit extremely fast. Comeon will restrict fairly quickly. Betcityru I can't comment on...

OK - if you are not using a Data feed from the Bookmaker and instead scraping the site - since you are scanning every second are you not concerned about your IP address being blocked due to appearing to be a DNOS attack? There are numerous browser plugins that will auto refresh the page and...

Yes, if you know how to use them. Depends on several factors including whether or not there is a delay on the bookmaker data feed and how often the software fetches data. A skilled arber would already be logged into his available bookmaker accounts. Can you explain how it is real time? Are...

I think what he is referring to is the fact that most Bookmakers don't include a draw option for American Sports. i.e; you can't bet on an event ending in a draw and if the match does end in a draw then your bets would "push" (void). There are exceptions of course.

Thanks for all the responses guys. It turns out that with the rolling spread the position is automatically closed and re opened each night, thus you incur the cost of the spread each time. so in the end I went with the March 2010 Spread which suits my needs.

I'm actually using it as a hedge.... i'm in the UK and am planning to make a deposit somewhere in USD. I am going to buy GBP/USD to protect my deposit against the USD weakening against GBP. It's a long term thing - so which is best?

I realise this is going to be a real basic question, but in terms of Spread Betting, what is the differene between a GBP/USD March 2010 market and a GBP/USD Rolling Spread?