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Blatch
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« on: August 03, 2009, 12:27:45 AM » |
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Most people know on here that I trade on betfair for my main income now and Boldie's horse staking thing gave me an idea. Towards the end of last football season I was trying something new on betfair that seemed to work well and I would like to give it a proper go.
It is very different to what I normally do on betfair so I want to keep it completely seperate from my main account and im wanting people on here to buy a part of the staking fund for this. I wont charge anything for this as I will gain the knowledge and experience of the market movements which will help me in other areas. Obviously there are going to be some risks invovled however I would say that it should be virtually impossible for people to lose there investment fully.
What I want to do is trade the prices of the football games that are being shown live on TV. The movemenst can be huge and it is very possible to lock in a good profit before the match starts. I dont want to go into it too much as I dont want others doing what I will be doing and taking any edge away. I will trade the prices before the match and at Kick Off I will even up the profit, or the loss, so that we win or lose the exact same amount of each of the results. This way there wont be any huge wins or any huge losses. I am looking to do this for one football season and then split the profits at the end of the season and then maybe start again.
The good thing about this is that people can invest anything they want from £10 to £10k as I will trade with the whole balance each time and people will simply own a percentage of the bank. I.e. If 3 people invest £100 and 1 person invests £200 then at the end of the season 3 will get 20% of the bank each and the £200 investor would get 40%.
Payments have to be made via cash or bank transfers as the exchange rates on poker transfers would lower investments and be hassle for me.
I will try to update this thread with our posistion on every game that I trade on. One thing I wont do is give out the password to the account to anyone, however I will gladly send screenshots to anyone and also open up the account to anyone at DTD for anyone to have a look out. I feel if I give the password out to people then they can go in any chnage things etc and it could lead to issues.
If anyone has questions then please feel free to fire away and ill try to answer anything I can.
Also if anyone would like to stay anonymous in this then please just PM me and ill try to keep it quiet.
Investments so far: £3,250
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« Last Edit: August 12, 2009, 05:40:11 PM by Blatch »
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gatso
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« Reply #1 on: August 03, 2009, 12:38:52 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
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If you get to the yeasty clunge you've gone too far
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Karabiner
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« Reply #2 on: August 03, 2009, 12:43:04 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
Huge amounts are traded on premiership games, championship games too although slightly less. |
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"Golf is deceptively simple and endlessly complicated. It satisfies the soul and frustrates the intellect. It is at the same time maddening and rewarding and it is without a doubt the greatest game that mankind has ever invented." - Arnold Palmer aka The King.
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gatso
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« Reply #3 on: August 03, 2009, 12:45:34 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
Huge amounts are traded on premiership games, championship games too although slightly less. yeah, I kinda asked the wrong question. should've been will you be trading lower league/foreign games as well and is enough traded on these to get the full amount on? |
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If you get to the yeasty clunge you've gone too far
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iwillwinlots
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« Reply #4 on: August 03, 2009, 12:55:49 AM » |
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£500 please
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Blatch
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« Reply #5 on: August 03, 2009, 01:03:16 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
Huge amounts are traded on premiership games, championship games too although slightly less. yeah, I kinda asked the wrong question. should've been will you be trading lower league/foreign games as well and is enough traded on these to get the full amount on? What I do only works for live games that are shown on TV. So pretty much any prem game on sat/sun, plus mid week European games and Cup matches |
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Scottish Dave
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« Reply #6 on: August 03, 2009, 01:09:47 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
Huge amounts are traded on premiership games, championship games too although slightly less. yeah, I kinda asked the wrong question. should've been will you be trading lower league/foreign games as well and is enough traded on these to get the full amount on? What I do only works for live games that are shown on TV. So pretty much any prem game on sat/sun, plus mid week European games and Cup matches The Spanish Games on Sat and Sun Nights LIVE usually has close to a Million£ In the Match Odds section alone before half time. |
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| Click to see full-size image. |
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Blatch
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« Reply #7 on: August 03, 2009, 01:13:05 AM » |
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is enough traded on each tv game to ensure you'll always be able to get the full amount on? I assume the answer is yes
Huge amounts are traded on premiership games, championship games too although slightly less. yeah, I kinda asked the wrong question. should've been will you be trading lower league/foreign games as well and is enough traded on these to get the full amount on? What I do only works for live games that are shown on TV. So pretty much any prem game on sat/sun, plus mid week European games and Cup matches The Spanish Games on Sat and Sun Nights LIVE usually has close to a Million£ In the Match Odds section alone before half time. Yeah, sorry should have said it will be English games only. The norm for a prem game at weekend thats live on sky was around £3.5 million - so we shouldnt have a prob .... unless Flushy wants an interest |
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DaveShoelace
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« Reply #8 on: August 03, 2009, 10:19:15 AM » |
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Whats the term of the staking? The whole season?
As I read it, we get 100% of any profits?
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Blatch
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« Reply #9 on: August 03, 2009, 11:30:09 AM » |
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The trading will last for one football season. The profits will be split evenly per people investments. I.e. you invest 5% of our total bank then you will get 5% of what we end up with. Im not charging anything for this nor taking any percent of the profit. However if I make a small fortune then if you all want to club together to send me to the Seychelles for a forntight then thats up to you  The joy of this is the compound interest. We currently have investment of £1500 |
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The Camel
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« Reply #10 on: August 03, 2009, 11:35:39 AM » |
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"I want to keep it completely seperate from my main account"
Does this mean you will be opening a new account to do these trades?
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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Blatch
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« Reply #11 on: August 03, 2009, 11:45:18 AM » |
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Yes, I already have the account open but unfunded.
This way I get to keep it seperate and if anyone ever wants to looks at the trading then it will be easy to see as it wont be mixed up with what I do normally.
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DaveShoelace
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« Reply #12 on: August 03, 2009, 11:58:57 AM » |
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Can we invest/add to our fund at any time?
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The Camel
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« Reply #13 on: August 03, 2009, 12:01:31 PM » |
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What if the site goes down before you can close out a position?
Any back up plans (Like a betdaq acct)?
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Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
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Blatch
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« Reply #14 on: August 03, 2009, 12:16:11 PM » |
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Can we invest/add to our fund at any time?
Yes but it will be a fixed amount. I will make sure that it is a fixed percentage of whatever our current bank is so that the admin is quite easy. I.e. if after 4 weeks we have £3400 then anyone wanting to invest will have an option of investing £34, £340, £170 etc etc |
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