Dilemma

12/10/2011 | By More

It’s just gone 08:30 on Wednesday morning and I’m up over £700 on the day already. On Saturday, I sat down to do a decent days work on the exchanges. Across both I earned somewhere between £3.5-4k which was similar to last year, slightly higher as Betdaq is contributing more than it did in prior years. What’s my point?

As you are probably aware I’ve been doing this for over a decade now, have collected a ton of data and experience and know the markets in infinite detail now. I can tell you what is likely to happen in the next few milliseconds and the next few hours. Despite this, thanks to new charges, you can earn more than me at this now; it’s an odd situation. I am effectively at a disadvantage in the market. This causes a dilemma, two in fact. The second I will explain on a future post.

The upshot is that I am currently pondering what I should do about this. I have loads of great ideas around the software which I can spend more time on, we also have a nice office here kitted out with excellent training facilities which is relatively underused. But the bottom line is that, even with punitive charges, I need to be sure doing something else is a good use of my time . I love messing around and learning new things, doing new research and exploring the limits of what I do; but it also has to have an economic payoff and not impinge too much on the wider development of completely new things I want to do professionally and that of my family. Over the last decade I have worked on more than just betting exchanges, so that demands increasing attention also. The share of this activity has grown faster than my work on betting exchanges.

Using Bet Angel on Saturday yielded the equivalent of about 320 monthly subscriptions. This morning, the equivalent of another 50. There is no doubt it’s good value for money, so my task there is to try and get that message across. If I fail, then the bottom line is that will be worth more to me than it is to others. On the training side we are looking at a number of options to help people achieve their potential but the same rule applies there also. So if you want to experience advice from somebody that actually does it, register your interest there so you can keep up to date with the new things that we are doing.

But, as we exit the busy period and move into November, I am definitely in full on pondering mode!

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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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