27 ms·
To make sure I understand this, BetFair is a simple betting platform. People make bets, and other people take those bets. What he proposes to do is play both si
by skolor 17y ago
To make sure I understand this, BetFair is a simple betting platform. People make bets, and other people take those bets. What he proposes to do is play both sides of an event, and hope that some takes both of them. That way, regardless of the outcome, he turns a small profit.If I understand this right, he's basically just doing arbitrage on the betting market.
- dood 17y agoHe explores various strategies for using Betfair other than arbitrage, outlined here [http://automatingbetfair.blogspot.com/2010/02/four-trading-strategies.html http://automatingbetfair.blogspot.com/2010/02/four-trading-s...] He also notes that simple arbitrage opportunities have long been exhausted [http://automatingbetfair.blogspot.com/2010/02/betfair-bots-and-opportunity-out-there.html http://automatingbetfair.blogspot.com/2010/02/betfair-bots-a...]