Author Archive: Peter Webb
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.
Recession proof?
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Gaming revenues in Nevada continued to slump throughout the month of May, according to data released …
The Open golf lottery championship
I’m a pretty moderate golfer but do ok around a championship course, I enjoy the spoiled walk that is golf. There is no doubt that a professional would make complete mince meat of me. It is for that reason that I enjoy watching professional make mince meat of a course. They play shots I can only imagine and make putts with a consistency I can only dream of.
Watch the Open though or a number of the other top contests …
Is the gambling industry recession proof?
It’s a question I have seen pop up on several forums and to be honest I don’t know the answer. During the last recession I didn’t have much focus on gambling companies, but one thing for sure is that a recession is generally not good for consumer spending. Whether punters turn to gambling when the chips are down isn’t certain, but there will certainly be less disposable income around. I can see how irrational gamblers are though, through the markets; …
Obama in illegal gambling scandal
OK, maybe not a scandal then but quite funny how you can fall foul of the law. The national campaign for Barack Obama altered a fundraising opportunity on its Web site this week to avoid a violation of Minnesota’s gambling laws.
The contest, which originally offered 10 supporters who donated $5 or more, and their guests, the chance to meet Mr. Obama at the Democratic National Convention on Aug. 28 in Denver, now does not require a donation after campaign …
Betfair’s SP mechanism appears flawed
I’ve spent a lot of time looking at Betfair SP and trying to find a useful way to utilise it. Having found a couple of useful ways of putting it to use I also discovered a fairly critical flaw. It turns out that SP or “starting price” to give it its full name is actually nothing like a starting price it should called an “early furlong price”.
The issue revolves around the time delay between a race getting underway and …
The colour of money
One of the things I do often is get a grip on the colours and numbers of a horse. The reason I do so is because if one of them bolts I would like to know very quickly which horse it is. I would have thought in running punters would do the same but it doesn’t appears all of them do. Of if they do they let a quick profit cloud their vision.
Last night at Windsor the commentator called …
Steaming summer
You could be forgiven for thinking that I was talking about the summer weather, then again if you are from the UK you know that I couldn’t possibly be talking about the weather! What I am referring to is the enormous amount of gambled on horses we have seen recently. I can’t remember anything similar in recent memory. Most days there are some significant moves and some days its almost as though every other race contains a big mover.
This
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