Staking - Betfair Football Trading

[Blatch]

What if the site goes down before you can close out a position?

Any back up plans (Like a betdaq acct)?

I have a trading phone line I can call.

If the site does go down then I do have an acount at virtually every bookie and a betdaq account.  However I have never seen the site go down around kick off time of a football game.

[gatso]

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

that might need a rething as it actually really complicates things. admin is not easy at all as you'd actually be selling 0.99%, 9.09% or 4.76% and have to alter everyone else accordingly.

you're not selling a % of 3400, you're selling a % of 3400 + new investment

[Woodsey]

Any ball park guesses on possible/expected returns on the year?

[Blatch]

oh yeah, but you kinda now what I mean though

[Blatch]

Any ball park guesses on possible/expected returns on the year?

Very tough to say Woodsey.

I trialed a very similar thing towards end of last season with me and a mate doing it and we trebled our money in 3 months, however slightly more risk was involved in what we were doing.  With this I wont be taking any risk at all, even if we make a loss on a market before the game starts I will even everything up so we make the same profit or loss on every result.

At a very guide I would be annoyed if people didnt make 5 or 6 times their money through the whole season.

[Woodsey]

Any ball park guesses on possible/expected returns on the year?

Very tough to say Woodsey.

I trialed a very similar thing towards end of last season with me and a mate doing it and we trebled our money in 3 months, however slightly more risk was involved in what we were doing.  With this I wont be taking any risk at all, even if we make a loss on a market before the game starts I will even everything up so we make the same profit or loss on every result.

At a very guide I would be annoyed if people didnt make 5 or 6 times their money through the whole season.

Ta

Another difficult one I guess but I'll ask anyway. What are the chances that we will lose on the year?

[Blatch]

I dont want to sound over confident but virtually impossible.

I know which way the market moves and generally made a very good profit doing this.  I ended up losing on two markets last time out of about 20 matches.  One was due to West Hame fielding a completly weakened side in a match and losing at home I think and the second time was me being greedy and not taking a small loss each time.

If a market goes against me we will probably lose around 4-5% of the bank, so it will take a lot to go wrong to lose the lot.

[Woodsey]

OK great when you planning on starting it?

[Blatch]

Depending on interest probably this Sunday as its the Charity Shield.

But definatly the first weekend of the prem the week after.  I know the championship starts this Friday but I will leave it till the prem starts.

[gatso]

has the charity shield got a broadcaster yet then?

[Blatch]

yeah live on sky ..... surely???

Swear I saw an advert for it the other day. 

[GreekStein]

I'm gonna sell my fucking kidney.

[gatso]

yeah live on sky ..... surely???

Swear I saw an advert for it the other day. 

it was in the setanta package. FA were trying to sell it on its own and hadn't done so a week ago but quite possible sky have it now

[The Camel]

What if the site goes down before you can close out a position?

Any back up plans (Like a betdaq acct)?

owever I have never seen the site go down around kick off time of a football game.

You obviously don't spend as much time on Betfair as me   

[Woodsey]

I'm gonna sell my fucking kidney.

I'll give you £1.99 for it? You can keep it for the moment, I get to have it any time I need it in the future, deal?