BOG Bookmakers or Betfair?

As a person who seldom uses the betting exchanges opting for the peace of mind that betting with BOG Bookmakers gives, I find myself now having to get up to speed with Betfair. With so many bookmakers restricting my bets a total switch to the exchanges looks inevitable.

Working on a new strategy outlined in previous posts where I am looking to put in a place order on Betfair at a predefined fraction of the opening show win odds achieved with a BOG bookmaker has astounded me.

I initially started with place bet orders at ¼ of the win odds which where all matched very early. The following day I adjusted this to 2/7^th believing that 1/3 would be over optimistic and monitored the fluctuations throughout the day only to find even at a 1/3 of the odds I would be matched. In some cases I would have been disappointed to have set the bar at 1/3.

Case in point: Our sole selection yesterdays Nine Iron with an opening show of 4-1 was matched at 2-1 to be placed on the Betfair place market. This may well be an exception and for the immediate future I will continue at 1/3 with a proviso of taking SP if my order is filled at the off.

While trawling through the internet researching last night I tripped across a strategy that was termed as being an ATM for the Betfair Markets with claims that using the strategy could deliver $50 - $100 a day for those able to spend time on the in-running markets. I would like to make it clear that in no way am I endorsing the product as I am yet to use it after paying £87 last night but, if anyone is interested in a copy for a nominal fee drop me an email to theactuary@ymail.com.