Good approach

03/08/2011 | By More

Looks like it will be the last day before the glorious weather breaks in the UK so went out to play some Golf with my son this morning.

A good approach on the seventh left me in the middle of the green but with a tricky put for an birdie. Almost the perfect put, but the ball stopped just short of falling in the cup. No amount of stomping on the green would make it fall in, so I had to settle for some appreciative comments from the group in front of me.

Got back to my desk to see Betfair had deducted the super premium charge. I experimented last week to see if value seeking, straight betting and/or arbing may help offset some of the charge. I just messed around with small stakes to experiment. Unfortunately last week the ‘wrong’ things won and Betfair stung me for a total of 65% of my profits! The problem I now face is that I am in deficit and the same could happen again this week, leaving me further behind. I am sure there is a better way than this Betfair? Hmm, back to the drawing board.

The good thing is that I am still finding it fairly easy to find opportunities in all markets and on both exchanges. The recent increase in liquidity on Betdaq has brought a number of new strategies to the fore that were not there before so I’m quite fascinated by that at the moment. I am currently measuring and collecting a whole range of data at the moment and I am revisiting data that I collected back in 2004 from Betfair as that is proving useful on Betdaq. Onwards and upwards!

You don't need to be this clever to uncover opportunities

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Category: Golf

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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