Well, well, well. Ladbrokes have finally acquired Betdaq. The questions is, will this change P2P betting as we know it? There are plenty of differing opinions on the BF forum (as you would expect) and to be honest I haven't got a clue. The thought of high liquidity markets and a much lower commission rate does give me an instant hard-on (I'm easily pleased) but whether or not things will improve, or even get worse, is anybodys guess.
Does anyone out there have any opinions as to where this may lead?
As an additional point, the only fucking advert that I ever see for BF is for 'Betfair Casino', and there was me thinking that the PC was supposed to help fund the drive to get more users on the exchange, not the fucking BF Casino!
As for my progress, well I'm running in quicksand right now. It is true that the weather has decimated the racing over the last couple of weeks, and this had probably affected the markets. I'm still having a bash at the pre-race, with varying results, but my IR game seems to have picked-up (maybe because I've upped my stakes).
The short term weather forecast looks a bit better so maybe the racing and markets will return to normal? I have noticed that Lingfield AW has been unplayable this week so the track mongrels are probably out in force.
In my spare time I've been getting stuck into 'Trading in the Zone'. It does start to get a bit heavy and repetetive at around the halfway mark, and as it gets later in the evening it gets more and more tempting to ditch the book and watch silly videos on YouTube instead. The basic thrust of the book is to make the reader realise, and accept, that the way that the market moves (and I'm applying this to pre-race markets) is totally random. Then once you've discovered your edge, through market analysis, spottting trends etc, you can then confidently trade the market, with pre-defined exit points, and not be affected by short term results (as you accept the randomness of the market) as you know that your proven edge will make you a winner in the long run, much like a casino or a traditional bookmaker.
If anything this has had more of an affect on my IR trading, as I'm no longer doubting my initial observations and getting involved when I see the opportunity, and not worrying if I have a losing race or losing day, as I have a proven edge which has served me faultlessly over the last 5 years.
So keep an eye on the BF share price and get ready to man the lifeboats!
It's been pretty quiet with regards to progress in the pre-race markets. I did have a small play in the IR win market at Cheltenham on Saturday, albeit for tiny stakes, but managed to win a few pennies in the six races that I traded. I recorded my trading and Jack is going to post the videos on the TFF website.
We only have 2 AW meetings this afternoon so I'll be back in the place market trying to nick a few quid.
Feeling really depressed and fucked off today. Poxxed about trying to put 2 new batteries in my car this morning and as usual nothing goes to plan and spent 2 hours fucking about, getting greasy and fucked right off! Also checked my P&L for January last night and that fucked me off as well, so in a nutshell I'm well and truly fucked right off.
Had a right fucking miserable day yesterday. Fucked my car and fucked my P&L. Going to trade today and then go out and get wankered tonight. Then in February I'm going to smash the fuck out of the market.
My car antics above reminded Steve (showing his age) of a classic comedy moment from a few years back when we were all nippers.