Quantsports, Ninjatrader and Betfair | Trading Reviews and Vendors

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Trading Reviews and Vendors

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Quantsports, Ninjatrader and Betfair

  #21 (permalink)

Pt Vala
Trading Experience: Advanced
Platform: Proprietary
Favorite Futures: CL, EUR, DAX
Posts: 58 since Apr 2010
Thanks: 12 given, 31 received

Please realize what the betting industry is about:
It's a globalized multi-billion dollar industry.

(And therefore it is much like Forex and other financial markets.)

See Hong Kong Jockey Club - Wikipedia, the free encyclopedia
"In 20022003, the betting turnover was HK$71 billion"

Therefore you can be sure that there are no simple recipes (like "buy when above moving average") that make you a winner.
Also simple arbitrage strategies don't work in this area because all shops are connected.
Don't assume they are just dumb bucket shops.

Furthermore it might be helpful to keep in mind that betting is widely used for money laundering.
You can be sure that the people that keep up businesses which need such services don't leave too many holes to let over people live of their "work".

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