Bibra replied to the topic Property Investing V Horse Race Trading in the forum No Subject 19 years, 11 months ago
Hi jhopper
I hope you don’t mind me jumping in and answering your question. There’s a couple of resources you should check out if you’re interested in arbitrage.
http://www.arbbest.com Read the forums here (you’ll need to register first, it’s free to register). You’ll learn alot about the mechanics and the pitfalls of this type of betting.
If you’re…[Read more]
Bibra replied to the topic Property Investing V Horse Race Trading in the forum No Subject 19 years, 11 months ago
By the way, for those that don’t know. Betfair is a betting exchange where punters can bet against each other and betfair acts like a broker. They charge 5% of your profits on a market, but your commision rate will go down as your volume increases.
It’s a bit like the options market, where one person/s thinks a stock or commodity is going to go…[Read more]
Bibra replied to the topic Property Investing V Horse Race Trading in the forum Creative Investing 19 years, 11 months ago
Just be aware anyone contemplating signing up with raceplays, that he would have access to your betfair acct. login details. It would only take a couple of minutes for him to empty your acct. into either his own betfair acct. or into a bookie acct.
Also note that allowing a third party to wager on your behalf with your acct. is against Betfair’s…[Read more]Bibra replied to the topic WA- who missed this? in the forum Heads Up! 20 years, 1 month ago
Unforunately, anyone in Perth that was keen to see this will miss out. The Perth leg has been cancelled. I was about to book 4 tickets about a week and a half ago and noticed the Perth details were missing from the site. When I queried Marsvenus on this, they said it had been cancelled due to lack of ticket sales. It was obviously Marsvenus…[Read more]