Betfair Punting

For me when trading, definately to have the discipline to lay off at my pre determined price.

Always too tempting for me to let it ride :)

My rule is to stick to my planned stake & not to get sucked into putting more down if it gets out to big price. If it looks too good to be true it usually is.

bet the same amount every race,

A very elderly retired punter told me once that the battle in his time was of two things, and the theme still holds true from most of these posts: Punter's choice or Bookmakers percentage. As he explained ,one is stronger and in the end prevail.He was referencing a time from the sixties from how he was talking.The evolution of betting/punting to what we have today is a quantum leap from this era on a overall marketplace sense however I postulate not to a Individual attempting to make profits from sports and racing.The TAB machines across the country are dying a slow death which is of their making. I reference clearly to take out rates and representatives of those interests holding onto their once monopolistic and bullying attitudes so prevalent in the propaganda campaigns of their minions.This is not only racing but the whole establishment of gambling- Simply reading the combatative arguments of the poker machine lobby is aligned to the same arguments of the TAB'S evidenced throughout the Gambling Inquiry hearings.
I digress, most markets on Betfair trade between 98%- 102% that have some sought of decent liquidity in them.No where else will you get a level playing field.This is as good as it gets between the backers and layers.The one proudest truth of Betfair is that they openly stand by that one wins and one loses in a bet struck.The punter's skill in winning outcomes or bets will determine if a profit or loss is made over time. How many punter's who bet with the TAB UNDERSTAND THIS TRUTH.It is the same thing but all advertising (propaganda) do not openly admit to this.It is all very well to say they don't care(TAB punters) , which in most cases is true , but it doesn't mean they don't deserve options should they choose to exercise them- that is to say "Those with the capabilities have the responsibility" to make sure of a level playing field.
To summarise , whilst us users of the exchange may have our issues on different aspects (ie Charges)- compared with the hidden and greed driven take out rates and attitudes of the TAB'S , I welcome the innovation and competitiveness Betfair has brought to bear.

Aussie Punter

Ps: Apologies for length of post as i was killing a bit of time before the Stormer's -Lions rugby game

Sry for double up : it told me coundn't post -"Invalid data"

...learn from your mistakes quickly and if it ain't working stop doing it.

for example, it's taken me ages to get to grips with in-running uk nags (i usually back/lay the fav or back/lay the horse that's winning at the time). sometimes goes right, sometimes goes wrong...so, any would-be in-running players out there using this strat be v.careful!

Sound advice.....thankyou all for your words of advice. :)

if you do nothing to provide yourself with an 'edge' (replays,connections,whatever),then you will eventually be chewed up and spat out by this most ruthless of games.
Analyse the way you bet,what areas are you succcesful in and what areas need work.
Ask yourself this question,why am i winning/losing?if you can't answer the question then you need to establish new habits based on something more solid than ...I reckon I can do it.

Personally I'm not keen on trading,but will occassionally 'crush' an advantageous situation,moreso in sports than at the puppies.
good luck it's worthwhile if you can make a go of it.

Yeah some good advice there....punting for me is recreational....like most of you...it began as a young fella and a visit to a local race meet, I was hooked, I consider myself a VERY passionate supporter & contributor (where possible) to racing, all codes. For me its not all about the punt, there's something really special about a day/night at the races, spose you could say, some people go to church, I go to the track. I'm not a big punter at all, small stakes punter, but thoroughly enjoy a friday evening & saturday afternoon's on the punt, and since Betfair I've been able to abandon tote betting & I've certainly started to consistently make profit in working the form to find favourites or 2nd/3rd favourites that I don't believe are quite capable of winning a particular race, but hey, its always good to field new ideas.

The addage, "bet with your head, not over it" rings very true in all things gambling,
and is a really important rule, I know in my teenage years, I learnt some valuable punting lessons at the track. Its unfortunate that those that become problematic in there gambling seem to taint us all with the same tag. I'm a punter at heart as I've said, but I have to say, I HATE pokies & whilst I love a night at the casino in the Sports Bar, I can't stand casino games either. It's mindless gambling IMO.

Really appreciate all of your thoughts and ideas.

my women spends mine for me

Spend 90% of your time watching replays and doing form

Spend 10% of your time betting

Thanks for your thoughts Shiraz.

I must say I am envious, I would LOVE to be a fulltime punter on Betfair, but I reasonably enjoy my current job.

If you don't mind me asking?
How much time would you spend betting during a standard day?

you need to watch replays... there is no point doing form from newspapers or online, it doesnt tell anything of what really happened in a race.

So, you've gotta have 'at least' foxtel and IQ as a starter. If u dont have these i think u are at a severe disadvantage

Yeah I stick to online form and I utilise foxtel
couldnt imagine punting without it

Try and get the best possible price.There are some amazing overs on BF but nearly all runners are a better price here than elsewhere.Consistently getting say 4.0 for winners that are 3.5 elsewhere makes a huge difference over time.Remember if you could get the biggest possible price for everything you backed you'd never have to do form,watch replays even know what a horse looks like to make a profit!

i was even planning a move to NZ for that very reason.very frustrating.

I read this last month, looking forward to the productivity commissions report being released....................


Live betting is on the cards CAMERON NOAKES
....theage

STARING at a computer screen, watching the odds oscillating does not seem the ideal way to enjoy a ring-a-ding arm-wrestle between two colossuses of the game but bookmakers believe a sports-betting revolution is around the corner, and is coming in the form of ''live'' online punting.

"Live" or "in-the-run" betting over the internet is banned in Australia and bookmakers say the law is "archaic".

Australians can bet on live games using an antiquated telephone but many punters find this bothersome because it is time-consuming and the odds can change quickly, particularly in tennis.

Sportsbet.com.au spokesman Haydn Lane said: "The fact that we can legally accept an in-the-run bet over the phone but not on the internet is archaic and quite ridiculous."

The Federal Government is expected to come under pressure to change the law when the Productivity Commission releases a report on gambling next month.

In its draft report the commission recommended that Australian punters be allowed to enjoy the same privileges as their northern hemisphere counterparts.

And bookmakers say it is punters who will benefit because live betting, particularly in tennis and cricket, often allows punters to create their own Dutch book (a situation where you can back all outcomes and not lose).

Since Betfair pioneered the concept in the UK "in-play" odds have radically changed the way people approach sports-betting.

In Europe live betting accounts for a whopping 90 per cent of trading on cricket, tennis and soccer, according to Betfair's Jake Norton.

"Live, in-play betting is exciting and volatile, and it also

The productivity commission is expected to deliver its report
to the government & the public in March.

There's actually a meeting of senior level executives from clubs pubs hotels and software suppliers in late March to discuss expected regulatory changes.

I would expect we will see change in the laws this year.

good1. the government doesn't know the impact their laws cause. forcing? me to live in NZ to bet IR is not good. i hate rugby!!!