Betfair International Stakes

24/07/2011 | By More

Couldn’t resist posting up this P&L on this race from yesterday. OK I got more on Betfair, a bit, but nowhere near the same when if deduct a 60% commission.

You should always do what is best for you, especially in a trading market, but look at my circumstances. It’s a strange feeling to only be able to earn 40% what others can earn by doing exactly the same thing. I can teach people how to do similar things and with a bit of practice they could replicate it , but I can only possibly win 40% of what they can. I struggle to comprehend that. Is this issue a portent to new charges, or a mistake to be rescinded?

For me, the equivalent value of the win like this on Betfair translates to pre commission £317, which would have been an unlikely result on this race. Now I’ve had a lot more practice I am starting to pick up some decent results on Betdaq, not only on the bigger races but also on the smaller ones too and there seems to be few problems interacting with the market. Last year Betdaq was very quiet but with the increase in liquidity it’s really starting to look interesting. Still a very long way to go but, I’m really looking forward to Goodwood next week where we should see some good markets across both exchanges. It will be an interesting week for sure and I’ll report back what I find.

Bet Angel is available for Betfair or Betdaq so you can choose where you want to do business, or why not use both?

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Category: Betdaq, Betfair

About the Author ()

I left a good job in the consumer technology industry to go a trade on Betfair for a living way back in June 2000. I've been here ever since pushing very boundaries of what's possible on betting exchanges and loved every minute of it.

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