Knopfler
The cleverest woodpecker in all of Yorkshire!
Will try and look for the calc and try and work it out for you again @Autumn500 - bear with me as I don't have PA or OM at the moment.
I have been doing MB for 3 years now. I have used Betfair 12 times this calendar year and the last time was in August. With Smarkets and Matchbook doing 0% commission, and the increase in liquidity that has meant, they have been able to expand the markets they cover. So now it just doesn't make much sense to ever use them. I have opted to go with the default (they are defaulting to the 8% band by the way) as I don't care about the commission rate nowadays and would prefer just to get any 'specials' they offer instead.I had been putting off using the others because i am comfortable with Betfair but i think that's the wrong attitude!
Another draw to Betfair is that because it was bigger it seemed there was less chance of there not being enough money in the pot to cover lays on certain events-from what you are saying it sounds like this is all changing which is great for customers as the more choice the better! I will definitely venture to some of the 0% exchanges once I have some of my bank money back in my account!I have been doing MB for 3 years now. I have used Betfair 12 times this calendar year and the last time was in August. With Smarkets and Matchbook doing 0% commission, and the increase in liquidity that has meant, they have been able to expand the markets they cover. So now it just doesn't make much sense to ever use them. I have opted to go with the default (they are defaulting to the 8% band by the way) as I don't care about the commission rate nowadays and would prefer just to get any 'specials' they offer instead.
I typically have at least £1k in each of SM and MB. I will only extract from the exchanges if the total in both goes over £3k (or need the money in an emergency)Off the back of that-do people tend to keep a kitty in their exchanges or do they just deposit as and when? I have quite a chunk in Betfair as was sick of running out all the time!
That’s very impressive how long did it take you to get to that point? I’ve only been doing it for around a week so not at that level yet lolI typically have at least £1k in each of SM and MB. I will only extract from the exchanges if the total in both goes over £3k (or need the money in an emergency)
You will. All of us get there at different speeds, but I was at that level about 9 months in, after my first Cheltenham.That’s very impressive how long did it take you to get to that point? I’ve only been doing it for around a week so not at that level yet lol
When you talk about the Betfair commissions changing, is this the 'rewards' thing i have seen flash up on the site where you pick a reward to stay on (some seem to have lower commissions, some higher). I have been ignoring it but maybe i need to get the finger out and do something with it?!
I tend to think it's akin to a zero sum game. A bit like active fund managers in the investment space - unless you know something the rest of the market doesn't.I know this is MB thread, but have people have had success with betfair trading?
I tend to think it's akin to a zero sum game. A bit like active fund managers in the investment space - unless you know something the rest of the market doesn't.
However, one angle I've found is trading on popular matched betting boosts. I'll write a full website page on it soon.
There are some good stats sites out there. But I always ask myself "what do I know that the market doesn't?". Information is generally priced in to the current odds. Wisdom of the crowds and all that.Appreciate, research needs to go into it!
However, i am considering trading the over 1.5 goals market and trading the liability when there is a goal, or cash out.
There are sites out there that look at the % of how likely there is going to be goal, or two.
There are some good stats sites out there. But I always ask myself "what do I know that the market doesn't?". Information is generally priced in to the current odds. Wisdom of the crowds and all that.
True. A lot of trading is essentially gambling. Bearing that in mind, I must admit I do occasionally go "team X look a bit short priced, I'll lay a small amount on them". But are they really short priced? The market says no, so how do I consistently beat the collective wisdom of exchange users, smart money from Asian bookies, pro punters etc.Good point!
To beat the market, i would need a high strike to cover the loss, so game selection is key.
Generally you don't. Czech Republic v England 2-1 not a big surprise maybe, Czech Republic v Northern Ireland 0-3 at half time a big surprise, having said that laying NI then and backing again at 2-3 may have given some value - but how do you know. This weekend some of the big teams will be underpriced as a lot of their players will have played internationals and be tired, but knowing which one(s) it is will be a bit of a lotteryThe market says no, so how do I consistently beat the collective wisdom of exchange users, smart money from Asian bookies, pro punters etc.