Betfair Trading

[OldMan]

This may be of interest to some people on here. I have recently been following the tips on the forum at cash-matters.com (All new Daily Horse Tips - Trading - Cash Matters) and making small profits. Started with just £20 back stakes and am now up to £50. Not huge profits but I tend to tradeout early and keep kicking myself for not waiting longer. A few quid each time they come in (which they usually do as the are such short odds) which all adds up at the end of the month.

[DireEmblem]

if you dont mind me asking, have you logged say their choices to work out the average roi, and the optimum % bet based on your br, or do you purely follow and do this for fun?

[OldMan]

I have kept a record and I am seeing returns of anything from 3% up to 10% of my back bet. On only one occasion did I chicken out cos I thought the price was going to go against me, but even then I made a small return. So, of the 20+ bets I have placed, I have yet to lose on any. Yesterdays was a good one - backed at 1.7 (reduced to 1.44 cos of NR), but still trade out at 1.29 for over 10% ROI.
Because the odds are less then evens I tend to lay for equal profit as there isnt much to more to be gained from underlaying at these prices.

[robojeff]

What's become of BFTrader? He seemed on the right track even if his last posted trade failed.

[Andy]

What's become of BFTrader? He seemed on the right track even if his last posted trade failed.

People come and people go, I am not entirely sure why.