Trading dilemmas, Betfair SP and a Midas Touch!
Betting - Stories
Friday, 14 December 2007 00:05

{mosimage}Footygeek had a dilemma regarding trading tactics . He firstly adopted a sit and wait style until a few bad results saw the bank disappear. Then he went on applying the "in and out" technique which has your stake not exposed for too long. He went on describing some of his trades in football and particularly in Champions League saying among others: "I traded 2.5 goals after spotting Liverpool were 1-0 up, and then traded off my fiver in small poritions to maximise profit and reduce the exposure. £3 had been laid off before the second goal and I was £2 down on overs.". Whatever the trading style he chooses,  we hope he ends up a big winner!

Life of Brian had two cracking days applying the Wilkinson system which he wonders if it should be renamed to Midas touch! He won over £1,500 bringing his monthly P&L at almost £9,000. Those are surely impressive results and if you thought he would be satisfied, you are mistaken. He has started experimenting on the Betfair SP system and has already made profits there as well! Keep it up Brian!

The 30K Challenge lost his wallet but made over £1,000 using the tipping lines which is a fine amount of money for compensation. On the next day he had to rely on internet accounts enroute to Cheltenam and he is not blogging until Monday since he already misses his laptop.

Call of the Wildcat won the William Hill 1.5K Added Poker Tournament which meant a £1,000 increase in his bankroll ! Fascinating stuff and a good game! However, he doesn't only play poker but he is also into betting. His main concern is betfair's feed and in-play football suspensions, saying: "Obviously someone with a quicker feed is coming in and wiping the market with huge sums. It ain't gonna happen again easily, I will be betting far smaller amounts, and much less often. No way am I going to see weeks of profits wiped out at one go because betfair can't get the fastest feed possible. God knows, the amount of money they make from these markets, it isn't too much to ask, is it?". 

Over at Bert's Horseracing Blog , you can read everything you need to know about the Betfair's SP Launch, like: "It launched quietly yesterday and I would expect it to creep along for a while, gradually picking up turnover as it goes. We need to make some performance tweaks and at some point we need to strip the page down a bit as it’s pretty cluttered right now. I believe that in time it has the scope to become an important product, and it could serve as the foundation stone for a variety of advances further down the line.". Good luck with that sir! This will be the final significant contribution he makes to Betfair’s products as he is to stay on the Betfair board as a non-exec, since he feels they don't need him any more because they are truly an outstanding product team. We hope he continues to update the blog regularly while enjoying his sabbatical!

That is all for now, more news will be posted during the day to cover other betting blogs! Check back soon!

 

 

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