Friday, August 26, 2011
Betfair.com UPDATE; Betting on Betfair from Canada
The past few days have been up and down on BetFair.com, as I have had many opportunities to flatten my positions and protect capital, however I do not yet have the discipline to arbitrage every trade.
My new strategy will involve shorting $8 (Lay the horse) and going long (Back the horse) for $7. This should allow a $1 profit if the horse loses, and a somewhat bigger profit if it wins. Now sometimes I will get stuck with only one side of the trade, so it will be important to get the first wager in early, before the spread tightens.
I will keep you all posted!!!
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