Skip to main content

Wimbledon finals form

Preview of mine as posted by Betfair Australia...

Wimbledon finals form

Comments

  1. Hi Scott

    Been reading your column for a few months now. You seem to be a man with access to a lot of information and realise you might be able to help me understand the logic behind the banning of in play sport in Australia and how is Horse racing not a sport.

    I've been trading tennis full time for while now and for family reasons have to move to Australia. As I'm not able to trade in play I wonder if I could have them up for restraint of trade ;)

    Thanks

    Derek

    ReplyDelete
  2. Hi Derek,

    Australian state govts are addicted to poker (fruit/slot) machines more than any punter, they are everywhere, with the exception of WA. The states have sold off all their assets and now survive too heavily on revenue from speed cameras and those evil poker machines. The anti-gambling lobby holds enough power in the media (and thus with govts) that the govt had to do something to stop the sharp increase in problem gambling that comes with those pointless one-armed bandits. But, if they banned them, it would screw every state govt and close down a lot of pubs, which also rely on them. So the govt decided to make a big song and dance about shutting down betting in-running before it had effectively started, because it 'might' become the crack cocaine of gambling, allowing punters to bet on crazy things, like next goal, next game won etc, and quickly blow their cash. At the time, the TABs, which held the power (and mostly still do) for sports betting weren't technologically capable of offering such a service anyway, so it didn't cost the govts anything to ban it. The hypocrisy of still being able to place the same bets via a voice call over the very same phone line didn't seem to concern anyone.

    There's a review of that legislation currently underway, every company is calling for it, the reports commissioned have called for it... so thus the govt will probably ignore it like everything else that they can't see votes in.

    It really is a ridiculous piece of legislation and one reason why I'm quite happy living in the UK. Of course, it only affects betting firms licensed within Australia, so if you choose to bet with Bet365, Betdaq, Hills etc, they won't stop you...

    ReplyDelete
  3. Thanks for that Scott.

    Interesting the effect on the market if it was legal to gamble in Australia and USA.

    Was at a Betfair seminar in Brisbane earlier this year and the general consensus there was that there was a significant number of people 'in play' betting in those countries by various other means. Obviously difficult to put a number on it.

    Enjoy your blog.

    Derek

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Racing has a Ponzi scheme - and the fallout will be enormous

When the term 'Ponzi scheme' is mentioned these days, the names Bernard Madoff and Allen Stanford instantly spring to mind. The pair of them ran multi-billion dollar frauds (US$60bn and $8bn respectively) that destroyed the lives of thousands of investors who had put their life savings into a 'wonderful' investment strategy. How so many people were sucked into the scheme is baffling to those on the outside. The lifestyle, the sales pitch, the success stories of the early investors - I suppose it all adds up.

So where does this link to racing you ask? A prominent Australian 'racing identity' this week has been reported to have lost access to a bank account with punters' club funds of $194m in it. Firstly - is there a worse term for anyone to be labelled with that 'racing identity'? It ALWAYS ends up meaning shonky crook! Secondly - who the hell has a punters' club with an active bankroll in the tens of millions? It simply can't be done.

The…

damage control when trading goals

When trades go bad, some people will say cut your losses immediately, others will recommend having a bit of patience as events tend to level out (i.e. games with two goals in the first 10 mins never end up with 18 goals in 90 minutes). This is something I like to do on certain matches.

Background:
1. You've backed Under 2.5 goals, trying to nick a few ticks at a time as the clock ticks.
2. You've been caught out by a goal.
3. The market has gone sharply against you.

On this particular match from a couple of weeks ago, there was an early goal (sixth minute) before I got involved. The period immediately after an early goal regularly shows a sharp drop in the Under price, so I was trying to capitalise on that. But Watford then scored again after 14 minutes. The Back price I took (3.95) was now out to 12 - I could close out for a big loss (not my style) or wait and wait for the price to come back to somewhere I could close out for minimal damage. But at 2-0 after 15 minutes, it w…