live trading from australia
Hi Switesh,
I'm surprised you were able to trade the tennis live if you have your account registered using an Australian home address. I thought those in Australia doing so must have been skirting the rules by using overseas home addresses, either their own previous address or the account of an overseas friend. Then hiding their IP address and using a 'clean' computer that was never used for betting with an Australian address account.
I wouldn't risk my account being closed. It's been suggested to me that Betfair would check these aspects as they understandably want to keep their licence here so they will comply with Australia's nanny state laws no matter how ridiculous those laws.
Obviously trading is going on, just look at the market react during sports such as Aussie Rules. Sydney v Collingwood last night would have been great to trade live, as would plenty of other Aussie Rules games and of course cricket, tennis and golf.
I'm surprised you were able to trade the tennis live if you have your account registered using an Australian home address. I thought those in Australia doing so must have been skirting the rules by using overseas home addresses, either their own previous address or the account of an overseas friend. Then hiding their IP address and using a 'clean' computer that was never used for betting with an Australian address account.
I wouldn't risk my account being closed. It's been suggested to me that Betfair would check these aspects as they understandably want to keep their licence here so they will comply with Australia's nanny state laws no matter how ridiculous those laws.
Obviously trading is going on, just look at the market react during sports such as Aussie Rules. Sydney v Collingwood last night would have been great to trade live, as would plenty of other Aussie Rules games and of course cricket, tennis and golf.
Well you could move to Bali, Betfair remove restrictions over there but gambling is illegal.
I have a Pinnacle account, you can bet live on that. If I don't want to wait to get through on the phone I'll use that but you are restricted by the markets you can use.
It might all change after the election, we can only hope.
I have a Pinnacle account, you can bet live on that. If I don't want to wait to get through on the phone I'll use that but you are restricted by the markets you can use.
It might all change after the election, we can only hope.
I think what we (aussie traders) need to do is trade under an account registered from a country where gambling is legal, tax is free, and Betfair accepts in-play trading.
Very similar to big corporations like Coca-Cola, Oracle, Intel get themselves incorporated at Cayman Islands.
Very similar to big corporations like Coca-Cola, Oracle, Intel get themselves incorporated at Cayman Islands.
As an experiment I placed inplay bets on the NBA whilst I was overseas in Fiji (Dec 2012) and Singapore (last month). I only have one account, it has an Australian address and I was using local (hotel) wi-fi. The bets were accepted without any issue.
I have heard that there are people living in Australia who are using a VPS based in Singapore to allow them to bet inplay. My understanding is that it is based on where the bet originates from rather than your address, but obviously suspicions might be raised if you have an Australian address and all of your betting is from an overseas IP over an extended period.
I have heard that there are people living in Australia who are using a VPS based in Singapore to allow them to bet inplay. My understanding is that it is based on where the bet originates from rather than your address, but obviously suspicions might be raised if you have an Australian address and all of your betting is from an overseas IP over an extended period.
When I go to Bali I send an email to Betfair with my itinerary attached and ask for my restrictions to be removed and they always do it as the bets are not getting placed in Australia.
I have an account with Matchbook which is in AUD and has no inplay issues, while the volumn is not as good as Betfair it is getting better, as long as you are happy to give one point up it will get matched pretty quick. To me this is a fair trade to 3 mins on the phone.
I have an account with Matchbook which is in AUD and has no inplay issues, while the volumn is not as good as Betfair it is getting better, as long as you are happy to give one point up it will get matched pretty quick. To me this is a fair trade to 3 mins on the phone.