unfortunately yes,and as it has gone out to 1.57 it would cost a few quid.but i did this game without a lot of research,and against what i said at the beginning of the thread that you back and lay 3-5 days apart

yeah no more,its obvious then it was not gonna come in to what i wanted

1.63 biggest price pre kick off, the sort of movement you'd be looking for just not in the right direction

you need to look closely at the asian price peferably one thats a live price

that will move before betfair and you can trade accordingly

if the asian price is a -1.0 or -1.0/1.5 -1.5 price then you need to work that out using the handicap tie or margin by 1 price that will give you the match price which may or may not be higher than here

best sticking to premiership football, it's probably the most difficult to predict big movements as the pricing is very solid, but the liquidity is outstanding, so as long as you're disciplined/selective and have a big tank, there's good money to be made. champions league, big international games also very do-able. anything else there's no point really. not on betfair anyway.

I traded the NASDAQ in 1999, the hey day of day-trading, people playing a tick.

My bank was $50,000 including margin. So I know a bit about the market going for me....and against.

I cannot tell anyone "how to trade" since we all use our own approach. When I make my million and do it in a consistant fashion, then maybe I'll figure out how I did it and share it with the world. Till then, I learn every day, sometimes the hard way.

I've met some really intelligent players over the years. As successful as some are, none have the "golden goose". I learnt that there are no "click and win" approaches to betfair. I've learnt that an approach on horses will not work on the dogs and will not work on football.

As I said, I can't tell anyone how to trade or make a positive run on betfair but I will offer some views that might trigger something positive in your approach:

A) Understand the sport you are trading on: Some simply trade on a market but understanding it gives you a better understanding of when to get in and out. It also helps you look at parrallel markets to trade in or reduce risk (have a horse go against you? On offer at 4.0 in place? Put a couple of quid on the place to reduce the exposure). It helps you understand why and when the markets move (starting line-ups in the Premiership/football NHL are made public 30 minutes before the game. Markets will adjust according to the news.)

B) Learn to use your bank: If you put your whole bank into a single position or trade, you are stuck with that position and are now going to live and die by it. If you lay at 1.52 and the market moves in to 1.48, you have no option. If 30% of your bank had been used at 1.52, you could put another 30% in and the average lay now becomes 1.50. The option is to red out at 1.49 / evens at 1.50 or a tick at 1.51 based on your assessment of the market.

C) When you put your money up, you are building a wall: When I was trading the NASDAQ, I had a stock that I had purchased at "$51.00". I remember every time the price hit 50.50 against me, 300,000 appeared at $50. "Someone must really want to buy. It's going to go up" I though. It bounced several times up to 51/51.50 and I didn't get out. I had up my trade at 52.50. It never got there. After several bounces, the 300,000 disappeared and the price plummetted and I lost around $5 a share in seconds. I looked at it afterwards; It had been "fill or kill". Someone had put it there to keep the price up till they could fill to short or to get out of a smaller position before the "real price" plummetted. You can't do "fill or kill" on betfair but what we learn from this: If you buy £300 at 6.8 and immediately put up an ask at 6.6 at £300, you have a wall £300 high that others will cue in front of you at 6.60. The trader who "understands" the market, will take their money out or put some at 6.6, 6.4 and 6.2 and will monitor from there.

D) Look for parrallel markets: There are plenty of ways to trade out and create liquidity at the same time. Example: HT/FT - how many times have you had money locked in profit that you wish you could get to after an hour? There are ways. You just have to learn the math.

E) Learn to "red out": trade went against you? Most take a straight loss against that position. Learn the math to spread the loss over several positions, regroup, then, if you see a clear and positive way to "reduce your exposure" then step back into the pool. Don't try to make a profit on the market. Do that once you have reduced the exposure.

F) Don't rely on automated: People rely on the green out/red out, etc, without understanding the math. If you understand the math, you can make moves that will lead to more gains than all those youtube gurus offer. Learn the math.

G) A massive bank does not mean a massive profit: Ask me in a year about this. I spent the latter part of 09 regrouping first by going back to simply punting and planning for twentyten. Look over your gains. You will see that the small gains added up and perhaps there were some heavy risks that caused you to break from your game plan (we all have. we are flesh and blood. not rOBoTs).

H) there are options beyond "the tick". Find them. Learn how related markets react and learn to anticipate. If you rely on "the tick", you rely on the movement of dozens are others.

I) Live and die by your own sword: As I said, every trades their own way. Stick to it and and never stop learning.

SHAPESHIFTER
survivor since Apr 2003

SHAPESHIFTER

I was trading STOCKS and TO's mainly. Did you use charts,ie 'Tick'.

Cardiff to buck their recent form.. happens every year over Christmas. Market thinks Bristol are a bogey but Cardiff should be favs. Very nice prices for 0-3 and 1-3

Bought a company called ZERGO at 667p sold at 827p,nice profit.. they later changed their name to BALTIMORE TECHNOLOGY,who later went on to touch £152...lol

Max profit could have been 234k...never mind.Still waiting for the double bottom in the market.

It turned out DION Entertainment had announced that they had acquired the name www.bingotv.com and were going on-line.

A total tech hype from the purchase of a domain name.

All a scam at a time when everyone was tech crazy.