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The most surreal day of my trading career

July the 7th is slowly fading most peoples minds. But for a small group of traders, this date has some more significance. Our story of this day It started the same as any other day. I was scheduled to do a talk in central London on guess what? Trading on betting exchanges. I took the…

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Beating the In-Play delay with a ladder

When you’re trading on Betfair, there are two states to market conditions that you see. There is the pre-off period, the period before an event has started and then in-play, when the sport you are trading is underway. Sometimes this is called in-running, but the industry seems to have popularised it as in-play. Pre-off vs…

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Don’t fall for the System Sellers Paradox!

Roll up, roll up! ‘I have this VERY simple set of rules that can make loads of money with very little effort. It can be yours for only $37 and you will make unbelievable amounts of money as long as you buy it before this weekend. ‘ Sound interesting? Maybe it shouldn’t…! Well this blog…

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Trading the most amazing Tennis match ever!

Betfair tennis trading Tennis is know for it’s wild variability. The scoring system lends itself to remarkable comebacks and seemingly dominant players snatching defeat from the jaws of victory. How does this translate into a profitable strategy for a Tennis trader? I’ve always wondered who invented the scoring system fand it’s rather really bizarre oddities….

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Betfair trading pre-off Racing with small stakes

I can trade with small stakes and big stakes, I obviously prefer to trade with bigger amounts! But I realise a lot of people who start trading are going to be using small banks and that’s what I want to talk about in this blog post. I hope this can be useful for someone who…

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Get a trading edge with Probabilisitic thinking

Imagine you are a caveman meandering through a landscape, you hear a rustle in the bush. “What’s that…?” Your brain kicks into action and provokes a flight or fight response. It could be lunch, or it could kill you! Your primitive brain makes a really simple judgement and decides that the payoff here for ‘kill you’ is…

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Betfair API – Greening / Hedging / Cash out issues

On Friday 19th June, without any prior notification, Betfair introduced some changes and new rules to their API. This had the effect of preventing ALL API software users correctly hedging position on the Betfair betting exchange. Typically this would have exhibited itself when trying to implement greening. The Betfair exchange wasn’t accepting orders correctly, leaving…

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Betfair trading – Trading Order Flow – explained

What is trading order flow? When I first started Betfair trading, I worked in markets I was familiar with. Football, Financials and Golf. I felt comfortable in these markets and traded them well. This was because I understood what the price should be and how the market would react to changing news. I kept looking…

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Betfair Trading at Royal Ascot – Key information

Royal Ascot is a highlight of the flat turf season and the often the social season. Well it usually is, but this year there isn’t a crowd, but it will still be a big highlight for the racing fraternity. We also have extra races and focus this year thanks to the global situation. Based on…

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Trading ‘Normal’ Horse racing markets pre-off

Just an ordinary day Back in 2018, I recorded what an average day of trading was like and I wanted to go into more detail within this blog post. Let me set the scene for you, it was a Monday after Cheltenham and I did some horse race trading in the sort of the manner…

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